September 16-30

Details

• In our report published in recent weeks, we have mentioned the salary problem experienced by automotive workers in the United States. During this period, automotive workers in the USA went on strike again. The inflation and economic difficulties that exist in the country continue to affect the wage deeply as usual. While the increases in the real wages of automotive workers do not meet expectations, the high increases in the salaries of senior managers naturally cause an increase in reactions among workers. It is especially emphasized that the labor union can achieve equality in the distribution of income and wealth throughout the United States.

• Immigrants are being blamed for rising house prices in Australia. The high number of immigrants in the country also enables the development of policies for immigrants. It is planned to introduce heavier applications to businesses that provide lower salaries to immigrants, and lighter ones to businesses that provide high salaries. In addition, it is thought that employing migrant workers who can work at low wages in high-paying jobs within the country will greatly reduce costs.

• Problems continue to haunt the Chinese real estate giant Evergrande. He can't pay the last $ 20 billion to creditors on the day due to the problems he has experienced and bad days begin for Evergrande. In addition to its debt, his Hong Kong-listed shares continue to lose value. Last Monday, his stock fell to 22% and close at 0,44HK$. Evergrande stock has seen its first peak at 25,8HK$ and after the crisis experienced in 2020, it has experienced a loss of about $42,8 billion in value until today. Evergrande, which will appear in a Hong Kong court at the end of October, is expected to take a concrete step towards restructuring his debts.

• The pandemic problems and the Russia – Ukraine war in recent years have shown how critical the concept of economic security is for the European Union. The European Commission will adopt a smart diversification approach to develop its partnerships while maintaining its security priorities. The new strategy will focus on further growth of the European Common Market volume, gradually reducing the dependence on the sensitive and critical supply chain and diversifying the existing economic dependencies.

•  Is Italy leaving the one Belt one Road project? Question is become one of the important topics of our report. Italian Prime Minister Giorgia Meloni announced at the G20 Summit in New Delhi that her country will leave the One Belt One Road project, which it participated in 2019. It is shown that the most important factor behind Italy's desire to leave the project is that it earns less than China within the project. In 2022, Italy's exports to China increased from 14.5 billion euros to 18.5 billion euros, while the amount of Italy's imports from China increased from 33.5 billion euros to 50.9 billion euros. It is thought that Italy's departure from the One Belt One Road project will serve as an example for countries that cannot benefit from the project.

• Russia's deployment of tactical nuclear weapons to Belarus raises tensions in the region. Ukraine's military responses to Russia in the war, economic sanctions, economic and political pressures in Russia are said to have left Putin helpless. The discourse about Putin says he will use nuclear weapons to make the United States, China and especially Europa nervous. The fact that there are only 200 nuclear weapons in NATO and the United States, of which Russia is thought to have 2,000, shows how dangerous Russia can be in this area.

• Water is one of the most important basic elements for human life from the past to the present. While it has been witnessed that water has been used as a weapon at some periods in history, the last example of this situation was the explosion of the Kakhovka Dam in Ukraine. It is believed that the dam was blown up by Russia with the aim of harming Ukraine. The flooding that occurred immediately after the incident negatively affected an area of about 600 km2 and 40,000 residents of the region. It was stated that agricultural areas were destroyed with the flood, crops and landmines were dragged towards the sea, freshwater sources and warehouses in the region were polluted. Today, it is emphasized that various problems will arise on water resources with the increasing effects of drought and climate change.