Zhimeitong | International Highlights

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[Biden supports Amazon warehouse workers to join the union] Last Friday, local time, employees at Amazon’s New York warehouse voted to join the Amazon union. For years, Amazon warehouse employees and couriers have been trying to form a union but have been blocked. This vote is a breakthrough. U.S. President Joe Biden publicly expressed his support for this behavior. When Biden attended a meeting of the North American construction industry union, he said that the choice of whether to join a union rests with workers. Biden also talked about the benefits of unions, encouraging union members to fight for better pay, allowing companies to improve benefits and provide a safer and healthier work environment. Biden also called on Congress to pass the Protection of the Right to Organize Act.

[High-paid "reward" truck driver Walmart offers up to $110,000 in annual salary] With the increasingly tight freight labor market and the development requirements of Walmart's e-commerce business, Walmart, the largest private employer in the United States, is further increasing its incentives for truck drivers. Recruitment efforts. On April 7th, ET, the retail chain giant Walmart said it would raise wages for long-haul truck drivers and launch a new program to train the next generation of drivers. Recently, Walmart is facing a shortage of transportation personnel.

Walmart said truck drivers will earn between $95,000 and $110,000 in their first year, which would boost their average wages. While Walmart doesn't provide a current salary range for new truck drivers, it says they make an average of $87,500 in their first year.

[U.S. 30-year mortgage rate further approached 5%, the highest level in more than three years] U.S. mortgage rates rose for the fifth consecutive week, and loan demand was suppressed. Freddie Mac said in a statement Thursday that the average rate on a 30-year loan was 4.72%, up from 4.67% last week and the highest since December 2018. The surge in borrowing costs since the start of the year is hitting the mortgage refinancing business, putting more pressure on potential home buyers. After raising interest rates by 25 basis points last month, the Fed is considering a larger rate hike and hinted that it will start to unwind its balance sheet to further tighten credit.

[Former IMF chief economist: Fed will have a hard time curbing inflation without triggering a recession] The former IMF chief economist said the Fed will give four decades of relief without triggering a recession The hottest inflation cools and it's going to be tough. "I'm not as optimistic as most people, and I still think it's going to be very, very tough," he said. "The Fed is going to have a hard time slowing the machine. It has to admit that it has to stall the machine a lot, and we don't want that to happen," he said. economic recession."

According to reports, the Biden administration of the United States said that senior U.S. officials met with Tesla CEO Musk and General Motors CEO Mary on Wednesday local time, local time. Major auto industry leaders, including Barra, meet to discuss electric vehicles and charging. "There is broad consensus on the need for charging stations and vehicles to be interoperable and provide a seamless user experience," the U.S. government said in a statement.

[Representatives of U.S. natural gas companies and European countries discuss expanding energy supply] According to reports, the heads of several U.S. shale gas companies discussed with European officials the issue of expanding energy supply to Europe. Sufficient supplies will be reached no earlier than the middle of this decade, the report said.

[The United States conducts the fifth anti-dumping sunset review investigation on sulfanilic acid] On April 1, 2022, the US Department of Commerce issued an announcement to initiate the fifth anti-dumping sunset review on sulfanilic acid imported from China and India. Initiated the fifth anti-subsidy sunset review investigation on sulfanilic acid imported from India. At the same time, the U.S. International Trade Commission (ITC) launched the fifth anti-dumping and countervailing sunset review industrial injury investigation on the products involved in China and India, examining whether the current anti-dumping and countervailing measures are cancelled, within a reasonably foreseeable period, the products involved will be affected. whether substantial harm to U.S. domestic industry caused by the imports will continue or recur. Stakeholders should register with the US Department of Commerce within 10 days from the date of this announcement. Stakeholders should submit responses to the ITC by May 2, 2022, and comments on the adequacy of the responses in this case by June 14, 2022.

[Overseas version of Douyin (TikTok) launches CAP University education program for creative agencies] Overseas version of Douyin (TikTok) is launching a new education program called CAP University for creatives who want to become TikTok experts and understand the ins and outs of platform marketing designed by the institution. CAP University's goal is to inspire higher-level creative content on the world's fastest growing entertainment platform. Upon completion of the program, participants will be able to lead the conversations with clients, the creation of concepts and platforms, and continue to drive the client's business forward. Most importantly, participants will gain a new appreciation for the creative possibilities both inside and outside the platform.

Walmart's Flipkart raises IPO valuation target to $60-70 billion : Walmart's Indian e-commerce company Flipkart has internally raised its IPO valuation target by about a third to $60-70 billion, according to sources. The current plan is to launch in the United States in 2023, not this year as previously reported. It is understood that Flipkart had set an IPO valuation target of $50 billion earlier. The main reason for the wait for the IPO is Flipkart's internal plan to further boost its valuation by focusing on two of its relatively new businesses, online medical services and travel bookings, the sources said. Continued global market turmoil triggered by the Russia-Ukraine crisis has also forced the Indian company to reconsider the timing of its listing, they also said.

[Tesla raised prices on some U.S. models, the third time in less than a month] Tesla raised the prices of some electric vehicles in the United States, the third time the company has raised prices in the United States in less than a month. The Model 3 long-range version is up $1,500 to $55,990; the high-performance version is up $1,000 to $62,990. Prices for the entry-level Model 3 are unchanged.

[Facebook parent company Meta will invest $800 million to build a hyperscale data center] Facebook parent company Meta announced that it will invest $800 million to build a hyperscale data center in Temple, Texas. When completed, the data center will have a total area of ​​about 900,000 square feet (84,000 square meters) and will provide about 100 jobs for the community. The data center is expected to be operational in 2024, with construction beginning this spring.

[Boeing strikes deal with Amazon, Microsoft, Google for cloud services] Boeing said it will hire Amazon, Microsoft and Google to help it digitally transform, aiming to give aircraft designers and software developers more tools. The agreements are part of Boeing's plan to move hundreds of applications to the cloud. Boeing is upgrading its technology to help address quality deficiencies and production problems that have driven up the cost of developing new planes.

[Google loses French antitrust appeal: $163 million fined for abuse of search position] According to reports, Google lost a $163 million antitrust appeal in France, accused of using its dominant position in the search market to help Its online advertising platform sets unfair rules. Back in December 2019, French antitrust authorities announced a fine of 150 million euros (about $163 million) against Google for unfair competition practices, including using its dominant position in the search market to advertise its ads. The platform Google Ads sets unfair terms.

[Pinterest will remove content it believes contains misinformation about climate change] As social media companies continue their efforts to curb the spread of false and misleading information, Pinterest is rolling out new guidelines banning posts deemed to contain misinformation about climate change .

The social media platform said it would remove user or advertiser content that it believes is misinformation about the existence or impact of climate change. Users of the platform can post anything from photos and links to recipes and home decor ideas.

[Apparel Brand Mango Enters the U.S. Homeware Market] Spanish clothing brand Mango is entering the U.S. homeware market, with its Home collection set to be available outside of Europe for the first time. The Spanish fashion group launched its homeware category in 2021, relatively late, given the success of rivals Zara Home and H&M Home. Zara Home expects annual revenue of $1.7 billion.

[World Gold Council: Global gold ETF net inflow in March was the highest in more than 6 years] World Gold Council (WGC) data shows that in March, global gold ETF (exchange traded funds) recorded a net inflow of 187.3 tons (about 11.8 billion yuan) U.S. dollar, AUM increased by 5.3%), the largest scale since February 2016. Although the stock market rebounded significantly and the dollar strengthened during the month, the market’s worries about rising inflation and the Russian-Ukrainian war supported the inflow of funds into gold.

[Goldman Sachs says reduction in global copper inventories will trigger a shock] Analysts said that a supply shock is happening, and investors are wrong to be comfortable with the current supply situation. The bank expects a refined copper shortfall of 374,000 tonnes in 2022, double its previous estimate and enough to deplete visible inventories in the fourth quarter. The supply deficit forecast was raised to 161,000 tonnes in 2023 from 28,000 tonnes previously, and to 366,000 tonnes in 2024 from 187,000 tonnes.

[Semiconductor Industry Association (SIA): Global semiconductor sales in February increased by 32.4% year-on-year] The Semiconductor Industry Association (SIA) report shows that the global semiconductor industry sales in February 2022 were US$52.5 billion, a year-on-year increase of 32.4% from February 2021. %, up 3.4% from January 2022. "Global semiconductor sales remained strong in February, increasing by more than 20% year-over-year for the 11th consecutive month," said SIA's president and CEO.

[European Bureau of Statistics: Euro area prices rose at the highest level in 25 years] According to Eurostat data, the consumer price index in the euro area rose by 7.5% year-on-year in March after a year-on-year increase of 5.9% in February, reaching the highest level since 1997. level.

[European banks seek clear sanctions from the European Commission] Europe's largest banks are expected to demand more clarity on sanctions against Russia at a meeting with the European Commission. Bank representatives, including lobby group the European Banking Union, will hold a video call with the EU's executive body. Issues include what to do with proceeds from asset sales by Russian clients, how to judge whether a company is controlled by a sanctioned individual, and ties to Russia’s central bank, the newspaper said. European officials also want to address the risk of banks imposing sanctions beyond their mandates, such as cutting off essential banking services for unsanctioned Russians living in the EU.

[UK to announce plan: 5-fold increase in offshore wind capacity by 2030] British Prime Minister Boris Johnson will announce plans on Thursday, local time, to increase the UK's offshore wind capacity by 5 times by 2030. % of electricity as part of an effort to switch to "low carbon". Johnson did not set clear targets for other cheap renewable energy technologies. The document will also lay out plans to build more nuclear power plants to meet 25% of projected electricity demand by 2050.

[Sri Lankan Foreign Minister: The government is well aware of the difficulties faced by the people, but some of the protesters' demands cannot be met] The Sri Lankan Foreign Minister informed the situation in the country. He said that the Sri Lankan government is fully aware of the serious difficulties faced by the population such as power outages, gas, fuel and medicine shortages. Protests and demonstrations took place across the country, and 80 percent of those who participated were neither extremists nor politically motivated. But some of the protesters' demands are unrealistic and unfulfilling. He also said that protesters are now calling for the resignation of all MPs and for academics and professionals to run the country, "obviously this is not feasible because no country in the world is governed in this way."

Zhimeitong | Logistics Highlights

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[German retail giant Lidl will set up a container shipping company to operate transportation business] A few days ago, German retail giant Lidl said it plans to set up a shipping company to operate its own container transportation business. According to local media reports, Lidl has submitted an application to the European Trademark Office to register a shipping company called Tailwind Shipping Line, whose business scope is cargo transportation, including sea, air and import and export cargo handling. If the plan goes well, Lidl said it would be able to operate its own supply chain and address high freight rates and congestion in port and landside transport.

[Severe fire broke out in Port Klang, 22 containers were burned and 38 damaged] According to foreign media reports, a few days ago, a serious fire broke out at the Westport Terminal of Port Klang, an important container port in Malaysia, 22 containers were burned and 38 containers were damaged. damaged. The Port Klang Authority said it took firefighters about 11 hours to completely extinguish the blaze. The containers involved are ordinary goods, including auto parts, cotton products, baby walkers, audio equipment and lubricants, etc., but do not contain dangerous goods. No one was injured in the fire.

[Xiamen Port’s cargo throughput exceeded 54 million tons in the first quarter] In the first quarter of this year, Xiamen Port completed a cargo throughput of 54.0312 million tons, a year-on-year increase of 3.05%; completed container throughput of 2.8806 million TEUs, a year-on-year increase of 2.93%. Both cargo throughput and container throughput achieved the best results in the history of the first quarter, and the port production achieved a "good start". Xiamen Port actively promotes sea-rail combined transportation, and gathers the province's foreign trade import and export goods for transit through Xiamen Port.

[Baltic sea freight index falls to more than five-week low] The Baltic dry bulk index fell 67 points or 3.2% on Thursday to a more than five-week low of 2,061 points, the 11th consecutive session of declines, as all types of ships fell The freight index fell. The capesize index fell 73 points, or 4.9%, to 1,417. Average daily earnings for capesize vessels fell $602 to $11,753. The panamax index fell 90 points, or 3.1%, to 2,778, its lowest level since March 4. Average daily earnings for panamax vessels fell $806 to $25,003. The Supramax index fell 58 points to 2,547.

Zhimeitong | Domestic Highlights

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[China Automobile Association: The export value of China's auto parts in the first two months increased by 8.1% year-on-year] According to the data of the China Automobile Association, from January to February 2022, the export value of China's auto parts was 14.22 billion US dollars, an increase of 8.1% year-on-year, accounting for the proportion of automobile commodities 59.2% of total exports. Among the main export varieties of auto parts, compared with the same period of the previous year, the export value of engines decreased slightly, and the other three categories of auto parts all increased.

[Tesla Motor (Beijing) Co., Ltd. and Tesla (Shanghai) Co., Ltd. recall some imported and domestic Model 3 electric vehicles ] State Administration for Market Regulation: Tesla Motors (Beijing) Co., Ltd., Tesla (Shanghai) Co., Ltd. has filed a recall plan with the State Administration for Market Regulation in accordance with the requirements of the Regulations on the Recall of Defective Automobile Products and the Implementation Measures for the Regulations on the Administration of the Recall of Defective Automobiles. From April 7, 2022, some imported and domestic Model 3 electric vehicles with production dates between January 11, 2019 and January 25, 2022 will be recalled, totaling 127,785 vehicles.

[BYD: Wins the largest pure electric bus order in Hungary] According to news, BYD announced that it has won the order for 48 12-meter pure electric buses from Volánbusz, the largest public transport operator in Hungary, which is the largest pure electric bus order BYD has won in Hungary so far. The vehicles are expected to be delivered by the end of this year, with operations in five Hungarian cities.

[Liu Qiangdong "retired", Xu Lei went online, and e-commerce bigwigs scrambled to retire? ] On April 7, local time, Jingdong Group announced that Xu Lei will succeed Liu Qiangdong as the CEO of Jingdong Group. However, Liu Qiangdong has not completely "retired" this time, and he will still serve as the chairman of the board of directors of Jingdong Group. In recent years, more and more bigwigs have chosen to retire. Industry insiders believe that although the bigwigs have resigned from the role of the company's facade, most of them still actually control the company's strategic development. To a certain extent, the retirement of the bosses is to reduce the high degree of binding between individuals and enterprises, which is conducive to the long-term development of the company.

Zhimeitong | E-commerce highlights

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[eBay announces another extension of the policy protection time] eBay issued a notice that the platform had notified on March 22 that the protection time for sellers' operations that were hindered by the impact of the epidemic had been extended. As the recent domestic epidemic situation is still severe, eBay has decided to extend the policy protection time again. , that is, for transactions shipped from mainland China and Hong Kong and the payment time is from March 22 (inclusive) to April 09 (inclusive) Beijing time ("epidemic impact period"), if the seller is in Beijing time on April 12 If you submit an order cancellation application before 23:59:59 on Sunday and the reason for transaction cancellation is “Stockout”, the platform will protect it uniformly. removed.

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