South Korea’s Yoon warns of crackdown on trucker strike | Business and Economy

South Korean President Yoon Suk-yeol has warned the federal government may step in to interrupt up a nationwide strike by truckers, describing it as an unlawful and unacceptable transfer to take the nationwide provide chain “hostage” throughout an financial disaster.

1000’s of unionised truckers kicked off their second massive strike looking for higher pay and dealing circumstances in lower than six months on Thursday. The motion is already disrupting provide chains the world over’s Tenth-largest financial system, affecting automakers, the cement business and metal producers.

Union officers stated there have been no negotiations or dialogue ongoing with the federal government. The nation’s transport ministry stated it requested talks with the union on Thursday, however the events have but to agree on a date.

Union officers estimated about 25,000 folks have been becoming a member of the strike, out of about 420,000 transport employees in South Korea. The transport ministry stated about 7,700 folks have been anticipated to rally for the strike on Friday in 164 places nationwide, down from 9,600 folks on Thursday.

“The general public won’t tolerate taking the logistics system hostage within the face of a nationwide disaster,” Yoon stated in a Fb message late on Thursday, noting that exports have been key to overcoming financial instability and monetary market volatility.

“If the irresponsible denial of transport continues, the federal government could have no alternative however to evaluate quite a few measures, together with a piece begin order.”

Based on South Korean legislation, the federal government might concern an order to power transport employees again to their jobs throughout any severe disruptions. Failure to conform is punishable by as much as three years of jail, or a nice of as much as 30 million gained ($22,550).

It could be the primary time in South Korean historical past that such an order is issued if the federal government chooses to take action. Transport Minister Gained Hee-ryong informed reporters on Thursday that the ministry has already begun the groundwork for issuing the order.

The strike comes after South Korea noticed October exports fall essentially the most in 26 months as its commerce deficit continued for a seventh month, underlining the slowdown in its export-driven financial system.

Amid the financial gloom, Yoon’s approval score remained largely flat for the fifth week at 30 p.c, based on Gallup Korea on Friday, though his deal with financial affairs obtained a constructive response.

The top of the Cargo Truckers Solidarity Union (CTSU), Lee Bong-ju, stated the truckers had no alternative however to strike after the federal government stalled negotiations.

“The Yoon Suk-yeol authorities is threatening a hardline response with none efforts to cease the strike,” Lee informed reporters on Thursday.

On the primary day of the strike, the Korea Worldwide Commerce Affiliation (KITA) stated it obtained 19 stories of circumstances of disrupted logistics. These included the lack to usher in uncooked supplies, increased logistics prices and supply delays resulting in penalties and commerce with abroad consumers being scrapped.

In a single occasion, uncooked supplies for a chemical firm have been delivered underneath police safety after the transport car was blocked by placing truckers from coming into a manufacturing facility, KITA stated.

The cement business sustained an output lack of an estimated 19 billion gained ($14.26m) on Thursday, foyer group Korea Cement Affiliation stated, after shipments slumped to lower than 10,000 tonnes as a result of strike.

This compares with South Korea’s 200,000 tonnes of cement demand per day within the peak season between September and early December. Development websites are prone to operating out of constructing supplies after the weekend.

The business ministry stated the metal sector additionally noticed shipments drop on Thursday. POSCO, the nation’s largest steelmaker, declined to touch upon the extent.

In the meantime, employees at Hyundai Motor’s Ulsan manufacturing facility are anticipated to drive about 1,000 new automobiles to prospects immediately on Friday, after delivering about 50 automobiles on Thursday, a consultant of a separate union on the manufacturing facility informed the Reuters information company. Thus far there was no impact on auto output, the official stated.

Drivers recruited by Hyundai Motor’s logistics affiliate Hyundai Glovis additionally started delivering some Kia Corp automobiles by driving them immediately from Kia’s Gwangju plant to prospects, a Kia official informed Reuters.

The official didn’t say what number of Kia automobiles can be delivered on to consumers.

Europe warming at twice the global average, UN report warns | Climate Crisis News

UN World Meteorological Group warns that even ‘effectively ready societies usually are not secure’ from local weather change impacts.

Europe has warmed at greater than twice the worldwide common over the previous three many years and skilled a better temperature rise than another continent, the United Nations’ World Meteorological Group stated.

Common temperatures within the European area have risen by 0.5 levels Celsius (0.9 levels Fahrenheit) every decade since 1991, based on the joint report by World Meteorological Group and the European Union’s Copernicus Local weather Change Service launched on Wednesday.

“Europe presents a stay image of a warming world and reminds us that even effectively ready societies usually are not secure from impacts of utmost climate occasions,” WMO secretary-general Petteri Taalas stated in a press release.

Europe has been experiencing file temperatures and has turn out to be a “heatwave hotspot” in the previous few years.

Alpine glaciers misplaced 30 metres (simply lower than 100 ft) in ice thickness between 1997 and 2021, whereas the Greenland ice sheet is swiftly melting and contributing to accelerating sea degree rise.

“This yr, like 2021, giant components of Europe have been affected by in depth heatwaves and drought, fuelling wildfires,” Taalas stated, additionally decrying “demise and devastation” from final yr’s “distinctive floods”.

Excessive climate that’s getting more and more worse as a consequence of local weather change has created damages exceeding $50bn in Europe final yr. The report warned that temperatures would seemingly proceed to rise throughout Europe at a price exceeding international imply temperature adjustments, no matter future ranges of world warming.

A big a part of the continent is within the sub-Arctic and Arctic, which is the fastest-warming area on Earth.

Between 1990 and 2020, the EU reduce greenhouse fuel emissions by 31 %, aiming to succeed in 55 % by 2030, based on the report. It additionally added that Europe can be one of the vital superior areas on the subject of cross-border cooperation in direction of local weather change adaptation.

“European society is weak to local weather variability and alter,” stated Carlo Buontempo, head of Copernicus’s European Centre of Medium-range Climate Forecasts (ECMWF).

“However Europe can be on the forefront of the worldwide effort to mitigate local weather change and to develop modern options to adapt to the brand new local weather Europeans must stay with.”

The report was revealed days prematurely of the annual United Nations local weather convention COP 27, which can begin in Egypt on November 6.

World leaders, together with French President Emmanuel Macron and European Fee President Ursula von der Leyen, are anticipated to attend and talk about the right way to deal with the warming of the earth.

Zelenskyy warns Russian forces amid southern Ukraine offensive | Russia-Ukraine war News

Ukrainian President Volodymyr Zelenskyy urged Russian troopers to flee for his or her lives after his forces launched an offensive to retake southern Ukraine, however Moscow mentioned it had repulsed the assault and inflicted heavy losses on Kyiv’s troops.

Ukraine mentioned on Monday its floor forces had gone on the offensive for the primary time after an extended interval of aerial raids on Russian provide traces, particularly ammunition dumps and bridges throughout the strategically necessary River Dnieper.

“In the event that they need to survive, it’s time for the Russian navy to run away. Go house,” Zelenskyy mentioned in a late-night deal with.

“Ukraine is taking again its personal [land],” he mentioned, including that he wouldn’t disclose Kyiv’s battle plans.

In response, Kremlin Spokesperson Dmitry Peskov mentioned on Tuesday that Russia was methodically urgent on with its plans in Ukraine, including: “All of our targets might be reached.”

The Ukrainian counterattack comes after a number of weeks of relative impasse in a struggle that has killed 1000’s, displaced tens of millions, destroyed cities and fuelled a world vitality and meals disaster amid unprecedented Western financial sanctions on Russia.

Russia captured giant tracts of southern Ukraine close to the Black Beach within the early weeks of the six-month-old struggle, together with within the Kherson area, which lies north of the Russian-annexed Crimean Peninsula.

Ukraine, now armed with refined Western-supplied weapons, sees recapturing the area as essential to forestall Russian makes an attempt to grab extra territory additional west that might ultimately lower off its entry to the Black Sea.

Heavy preventing

Oleksiy Arestovych, a senior Ukrainian presidential adviser, mentioned Russian defences within the Kherson theatre had been “damaged by means of in a number of hours”. It was unclear which line of Russian defence, of which there are numerous, he was referring to.

Arestovych additionally mentioned Ukrainian forces have been shelling ferries Russia was utilizing to provide its forces on the west financial institution of the Dnieper.

Natalia Humeniuk, a Ukrainian navy spokeswoman, on Tuesday mentioned Kyiv might destroy any pontoon bridge throughout the river that Russia tried to construct or ferry crossing it.

“The entire space the place such a crossing could be constructed is underneath our hearth management and [any new structure] might be hit.”

The UK, an ally of Ukraine, mentioned on Tuesday that Kyiv had stepped up its artillery barrage throughout the complete southern entrance, however that it was not but attainable to verify the extent of Ukrainian territorial advances.

Vitaliy Kim, governor of the Mykolaiv area near entrance traces north of Kherson, instructed Ukrainian TV: “Heavy preventing is occurring. Our navy is working across the clock. Liberation of the Kherson area is coming quickly.”

Unverified reviews, photos and photographs on social media instructed Ukrainian forces might have taken again some villages and destroyed some Russian targets within the south.

Russia’s RIA information company reported that the Russian-controlled city of Nova Kakhovka had been left with out water or energy after a Ukrainian missile assault.

Nonetheless, Russia’s defence ministry mentioned the Ukrainian offensive had been thwarted.

It mentioned Ukrainian forces, after attempting to go on the offensive in three totally different instructions within the Mykolaiv and Kherson areas, had misplaced greater than 1,200 navy personnel in addition to 139 tanks, armoured autos and vehicles.

Russia’s defensive actions have resulted in a rout of Ukrainian forces, it added, saying air defence items had shot down dozens of missiles close to Kherson.

Ukraine’s Suspilne public broadcaster reported explosions within the Kherson space, whereas metropolis residents reported listening to gunfire and blasts.

A Russian-installed official in Kherson, Kirill Stremousov, was quoted by the Russian state-owned TASS information company as saying a bunch of armed individuals had tried to place up resistance to police in a single space of Kherson after listening to about Ukraine’s offensive.

One of many individuals was killed in a shoot-out, TASS added.

Nuclear plant in focus

Extra heavy Russian shelling of Kharkiv, Ukraine’s second metropolis, was additionally reported and at the least 5 individuals have been killed and 7 wounded, Mayor Ihor Terekhov wrote on the Telegram messaging app.

Russia denies intentionally concentrating on civilians, although its shelling has devastated Ukrainian cities and cities.

Russia invaded Ukraine on February 24 to wage what it mentioned was a “particular navy operation” to make sure its personal safety in opposition to an increasing NATO and to guard Russian-speaking communities.

Ukraine, which declared independence from the Russian-dominated Soviet Union in 1991, and its allies describe the battle as an unprovoked struggle of conquest.

The Zaporizhzhia nuclear energy plant in central southern Ukraine, captured by Russian troops in March however nonetheless crewed by Ukrainian employees, has been a hotspot within the battle, with either side buying and selling blame for shelling within the neighborhood.

Russia’s defence ministry accused Ukrainian troops of firing two shells that detonated close to a spent gas storage constructing on the plant within the final 24 hours. There was no speedy remark from the Ukrainian facet.

The Russian ministry mentioned radiation ranges have been regular.

A mission from the Worldwide Atomic Vitality Company (IAEA) is anticipated this week to go to the nuclear plant, Europe’s largest, to examine and assess any injury. IAEA chief Rafael Grossi met Zelenskyy in Kyiv on Tuesday, the president’s workplace mentioned, with out elaborating.

Inspection of the plant ought to take at some point, the pinnacle of the Russian-installed native administration instructed the Interfax information company on Tuesday. Yevgeny Balitsky, who on Monday mentioned he didn’t count on a lot from the IAEA go to, instructed the company the inspectors “should see the work of the station in at some point”.

Ukraine on Tuesday accused Russia of intentionally shelling a hall that IAEA officers would wish to make use of to succeed in the plant in an effort to get them to journey by way of Russian-annexed Crimea as an alternative. There was no speedy response from Moscow.

Russia-Ukraine live news: UN warns of ‘limitless’ global harm | Russia-Ukraine war News

Antonio Guterres tells UN Safety Council world should unite to finish ‘cycle of destruction, dislocation and disruption’.

  • A UN convoy is on its technique to Mariupol to evacuate extra civilians from the Ukrainian port metropolis.
  • UN humanitarian chief Martin Griffiths says Mariupol evacuations carried out up to now provide “glimmer of hope”.
  • The Ukrainian military says Russian troops made “unsuccessful” makes an attempt to advance within the jap Kharkiv and Donetsk areas.
  • German Chancellor Olaf Scholz and US President Joe Biden have agreed to not recognise any Russian territorial positive aspects in Ukraine.
  • UN Secretary-Common Antonio Guterres urges reintegrating agricultural merchandise from Russia and Ukraine into the worldwide market.
INTERACTIVE - Donbas control map - DAY 71
[Al Jazeera]

Listed below are all the newest updates:

Russia made failed makes an attempt to advance in east, Ukraine says

The Ukrainian military has mentioned Russian troops made “unsuccessful” makes an attempt to advance within the jap Kharkiv and Donetsk areas.

A Fb publish on the official profile of the Ukrainian Common Workers mentioned the Russians additionally proceed to launch missile assaults on transport amenities with a purpose to forestall the motion of humanitarian cargo and military-technical help.


Russia says it destroyed 45 Ukrainian navy amenities

The Russian navy has mentioned its air drive destroyed 45 Ukrainian navy amenities within the newest sequence of assaults.

Russian Defence Ministry spokesman Igor Konashenkov mentioned the targets hit included Ukrainian troops and weapons concentrations and an ammunition depot within the jap Luhansk area.

He mentioned the Russian artillery hit 152 Ukrainian troops’ strongholds and 38 artillery firing positions.


UN humanitarian chief hails ‘glimmer of hope’ in Mariupol evacuations

Martin Griffiths, the UN’s under-secretary-general for humanitarian affairs, has hailed the latest evacuations of tons of of civilians from a besieged metal plant within the Ukrainian metropolis of Mariupol as a “glimmer of hope”, calling for extra protected passages.

“We’re making some progress; we’re constructing relations and we’re constructing expertise, which we hope we are able to then broaden to extra such operations,” Griffiths instructed the Safety Council.


UN chief urges reintegrating meals from Russia and Ukraine into international market

UN chief Antonio Guterres has once more known as for an finish to the struggle in Ukraine, warning of “limitless” international hurt, together with to worldwide meals provides.

“The struggle in Ukraine makes no sense in its scope, ruthless in its dimensions and limitless in its potential for international hurt. The cycle of destruction, dislocation and disruption should cease. It’s time to unite and finish this struggle,” he instructed the Safety Council.

“A significant answer to global food insecurity requires reintegrating Ukraine’s agricultural manufacturing and the meals and fertilizer manufacturing of Russia and Belarus into world markets regardless of the struggle. I’ll do my finest to assist facilitate the dialogue to assist make these actuality,” Guterres mentioned.


Scholz, Biden comply with not recognise Russian territorial positive aspects

German Chancellor Olaf Scholz and United States President Joe Biden have agreed in a name that they won’t recognise any Russian territorial positive aspects in Ukraine, a German authorities spokesperson has mentioned.

“They agreed that Ukraine wanted to be additional considerably and constantly supported within the observe of its legit proper to self defence,” the spokesperson mentioned in an announcement.


Welcome to Al Jazeera’s persevering with protection of the struggle in Ukraine.

Learn all of the updates from Thursday, Could 5 here.

WHO warns most adults in Europe are overweight or obese | News

About 59 p.c of adults in Europe are chubby or overweight, in accordance with a brand new report introduced by the WHO.

About 59 p.c of adults in Europe are chubby or overweight, in accordance with the 2022 Regional Weight problems Report introduced by the World Well being Group (WHO).

The info gathered within the WHO European area and introduced on Tuesday mentioned the issue impacts extra males than ladies, with 63 p.c of males carrying extreme weight in contrast with 54 p.c of girls.

One in three kids is affected, with 29 p.c of boys aged between seven and 9 chubby or overweight, and 27 p.c of women in the identical age vary.

The proportion rises to 25 p.c amongst adolescents. In the meantime, solely 8 p.c of youngsters under the age of 5 are chubby.

Obese and overweight individuals had been disproportionately affected by COVID-19 in the course of the pandemic, with heavier individuals extra more likely to be admitted to hospital or die of the illness, the WHO mentioned.

Preliminary knowledge additionally means that weight problems amongst kids and adolescents is rising because of the pandemic.

Obese and weight problems are typically among the many main causes of incapacity and dying within the WHO European area, and weight problems may change into the primary danger issue for most cancers within the a long time forward in some nations, changing smoking.

Weight problems can result in most cancers, power respiratory ailments similar to bronchial asthma, strokes and different cardiovascular ailments, liver and kidney issues, again ache and psychological well being issues.

Estimates counsel that chubby and weight problems are at the moment the fourth most typical danger issue for non-communicable ailments within the area after hypertension, dietary dangers and tobacco, the report says.

The WHO European area is made up of 53 nations, together with Turkey, Russia and Ukraine past the European Union. Not one of the nations is on observe to achieve the aim of stopping the rise in weight problems by 2025, in accordance with the WHO.

EU warns companies not to buy Russian gas in rubles | Oil and Gas News

European Fee President Ursula von der Leyen warned corporations to not bend to Russia’s calls for to pay for fuel in rubles, because the continent scrambles to reply to Moscow’s transfer to begin switching off provides.

Gazprom PJSC turned off the faucets to Poland and Bulgaria on Wednesday in a dramatic escalation of the standoff between Russia and Ukraine’s European allies. Moscow was making good on a menace to chop provides if funds weren’t made in native foreign money, and a spotlight now turns to how Germany and Italy — the most important European consumers of Russian fuel — will reply.

Europe is making an attempt to take care of a united entrance, however in response to an individual near Gazprom, some European corporations are taking steps that will enable them to adjust to Moscow’s new guidelines. Uniper SE, a big German purchaser of Russian vitality, has stated it believes it could actually sustain purchases with out breaching sanctions.

“Corporations with such contracts shouldn’t accede to the Russian calls for,” von der Leyen stated. “This may be a breach of the sanctions so a excessive threat for the businesses.”

EU unity could now be examined: as fee deadlines begin falling due within the subsequent month, governments and firms throughout Europe need to determine whether or not to satisfy the brand new guidelines or face the prospect of fuel rationing.

Share of natural gas imports coming from Russia, 2020

Benchmark costs surged on Wednesday greater than 20% however then eased as merchants reassessed the probabilities of a wider cutoff.

Germany additionally reiterated that corporations ought to preserve paying in euros, following EU pointers, and Financial system Minister Robert Habeck stated the specter of flows being severed needed to be taken severely.

“Russia is displaying that it’s able to get critical, that if one doesn’t adjust to provide contracts or funds, they’re able to put a cease to fuel deliveries,” he stated. “Now we have to take that severely, and that additionally goes for different European nations. I take that severely.”

However some corporations nonetheless seem like looking for workarounds — and pointers from the EU final week could also be encouraging them. The bloc revealed a Q&A saying that corporations ought to keep on paying in euros, however that the Russian decree setting out the brand new guidelines didn’t preclude exemptions. It informed corporations to hunt affirmation from Moscow that paying in euros was nonetheless attainable. Uniper has stated it’s speaking to Gazprom.

Habeck stated it’s nonetheless not clear how Russia will react if corporations pay in euros.

In line with an individual near Gazprom, 4 European fuel consumers have already paid for provides in rubles and 10 have arrange accounts permitting them to adjust to the brand new guidelines. A number of corporations have stated they’ll proceed paying in euros, with out laying out the mechanism clearly.

Cost schedules are staggered throughout the continent and Poland seems to have been among the many first whose invoice got here due in rubles. Others have extra time: Uniper, for instance, isn’t attributable to pay till late Could.

Warsaw has additionally been significantly vociferous in its criticism of Russia all through the conflict and has been amongst these lobbying for vitality sanctions. Whereas the EU has to this point protected most vitality provides from restrictions, ambassadors met on Wednesday and had been anticipated to debate restrictions on oil.

Key European Buyers of Russian Gas |

Final month President Vladimir Putin shocked European governments and markets by demanding fuel ought to be paid for in rubles — through a sophisticated mechanism involving establishing two linked financial institution accounts to deal with the international change transaction.

When he first introduced the demand, Putin stated shifting to rubles would assist defend Russia’s big fuel revenues from sanctions or seizure by the EU. The transfer additionally appeared geared toward making certain Gazprombank, one among few massive state banks not hit with the severest sanctions, would stay largely untouched.

Putin has additionally repeatedly highlighted the financial and political prices of upper vitality costs in Europe, suggesting the Kremlin could consider that western governments gained’t be capable of face up to the stress domestically of a cutoff so long as Moscow can.

–With help from Anna Shiryaevskaya, Ewa Krukowska, Iain Rogers and Carolynn Look.

Asia facing ‘stagflationary’ risks, IMF official warns | Coronavirus pandemic

Senior official factors to Ukraine struggle, hovering commodity costs and China’s financial slowdown as dangers to the area.

Asia faces a “stagflationary” outlook, a senior Worldwide Financial Fund (IMF) official warned on Tuesday, pointing to the Ukraine war, hovering commodity costs and China’s economic slowdown as dangers to the area.

Whereas Asia’s commerce and monetary publicity to Russia and Ukraine are restricted, the area’s economies can be affected by the disaster by larger commodity costs and slower progress in European buying and selling companions, mentioned Anne-Marie Gulde-Wolf, appearing director of the IMF’s Asia and Pacific Division.

On the similar time, inflation in Asia can be beginning to choose up simply as China’s financial slowdown is including to strain on regional progress, Gulde-Wolf additionally mentioned.

“Subsequently, the area faces a stagflationary outlook, with progress being decrease than beforehand anticipated, and inflation being larger,” she instructed an internet information convention in Washington, DC.

The headwinds to progress come at a time of restricted coverage choices, Gulde-Wolf mentioned, including that Asian policymakers will face a troublesome trade-off of responding to slowing progress and rising inflation.

“Financial tightening can be wanted in most nations, with the velocity of tightening relying on home inflation developments and exterior pressures,” she mentioned.

The US Federal Reserve’s anticipated regular rate of interest hikes additionally current a problem to Asian policymakers given the area’s big dollar-denominated debt, Gulde-Wolf mentioned.

In its newest forecast issued this month, the IMF mentioned it expects Asia’s economic system to increase 4.9 p.c this yr, down 0.5 proportion factors from its earlier projection made in January.

Inflation in Asia is now anticipated to hit 3.4 p.c in 2022, 1 proportion level larger than forecast in January, it mentioned.

An extra escalation within the struggle in Ukraine, new COVID-19 waves, a faster-than-expected Fed fee hike trajectory, and extended or extra widespread lockdowns in China are amongst dangers to Asia’s progress outlook, Gulde-Wolf mentioned.

“There’s important uncertainty round our baseline forecasts, with dangers tilted to the draw back,” she mentioned.

Trinh Nguyen, a senior economist for Asia at Natixis in Hong Kong, mentioned she agreed with the sober financial outlook.

“There are three shocks hitting Asian economies: escalated meals and vitality prices pushing headline inflation larger; decrease Chinese language demand pushing exports decrease; a extra hawkish Fed and better inflation pushing up home rates of interest, tightening monetary situations. These three shocks push up inflation and subdue progress prospects,” Nguyen instructed Al Jazeera.

“That means, with larger inflation and a hawkish Fed, central banks have much less room to help progress even when exports weaken, they usually really should tighten to battle inflation on the expense of progress. Those who select progress and hold charges regular will face larger inflation and a weaker overseas change like Thailand and Japan.”