On December 22, Qingqiao Morning Post Thailand s Luckin claimed 2 billion yuan from China s Luckin

Mondo Finance Updated on 2024-01-30

The difference is a thousand miles.

Today in history:Sixteen years ago today, the ancient shipwreck of "Nanhai No. 1" was completely salvaged from the water. "Nanhai No. 1" is a wooden ancient shipwreck that was wrecked and sunk in the early days of the Southern Song Dynasty when transporting porcelain on the Maritime Silk Road, which was discovered in 1987 in the waters of Yangjiang, China, and is the earliest and largest ocean-going merchant ship in the world's maritime shipwrecks found so far. A total of more than 180,000 pieces of cultural relics have been unearthed from the shipwreck, which is of great significance to the study of the ancient shipbuilding history, ceramic history, shipping history, and history of China and even the whole East Asia and Southeast Asia.

PoliticsCambodia has developed a monitoring and evaluation mechanism for the Pentagon StrategyCambodia-China Times News, recently, Cambodia's "Pentagon Strategy" first phase of the implementation of the monitoring committee held a meeting, the meeting was chaired by Cambodian Deputy Prime Minister and Minister of Prime Minister's Office Wangsey Weso, the discussion topics include the development and implementation of a comprehensive and high-quality work plan, to ensure that the 7th ** promulgated Pentagon Strategy can be implemented according to the plan and efficiently. The Deputy Prime Minister of Cambodia stressed that in line with Cambodia's socio-economic development entering a new stage of development, the new ** decided to promulgate the first phase of the Pentagon Strategy, and at the same time set up a monitoring and evaluation mechanism to ensure the successful implementation of the strategy and the achievement of results.

It is understood that the five corners of the "Pentagon Strategy" are human development;economic diversification and competitiveness;Development of the private sector and employment;Resilience and sustainability;Digital economy and social development. It is divided into 5 phases, which are planned to be implemented by 5 sessions** in the next 25 years. The first phase of the Pentagon Strategy covers five areas: growth, employment, equality, efficiency and sustainability.

Under this framework, six strategic priorities have been announced for the expansion of health care services and the achievement of universal health coverageVocational and technical training for poor and vulnerable groups throughout the country;Improve national social protection systems to help poor and vulnerable groups tide over economic crises.

MilitaryThe United States forms a multinational alliance to protect ships in the Red SeaAccording to Lianhe Zaobao, in recent days, Yemen's Houthi rebels have frequently attacked merchant ships in the Red Sea, threatening freedom**. U.S. Secretary of Defense Lloyd Austin announced the launch of Operation Prosperity Guardian, a joint effort by 10 countries, including the United States, the United Kingdom, Bahrain, Canada, France, Italy, the Netherlands, Norway, Seychelles, and Spain, to address security challenges in the southern Red Sea and the Gulf of Aden. Operation Prosperity Defenders aims to ensure freedom of navigation for all countries and to promote regional security and prosperity. This important multinational security initiative will operate within the existing Joint Maritime Force framework and will be led by Joint Task Force 153, which focuses on Red Sea security.

According to the United States**, Saudi Arabia, Qatar, Oman, Jordan, Iraq, Egypt and other Middle Eastern countries did not participate in Operation Prosperity Guardian. They fear that they will provoke Iran, which supports the Houthis, and thus drag Iran into the Israeli-Kazakhstan conflict, causing a more serious crisis, and the Middle East countries are generally reluctant to confront the Houthi rebels head-on. In response, the Houthis said that they only attacked ships linked to Israel, because of Israel's war of aggression against Palestine, and that the United States did not need to do so, and that they would also oppose any coalition forces deployed to the Red Sea.

EconomyThailand's Luckin claimed 2 billion yuan from China's Luckin

According to a number of Thai ** reports, recently, Thai Royal 50R Group formally submitted a lawsuit to the court, asking the court to sentence China Luckin Coffee to compensate for economic losses of 10 billion baht, about 2 billion yuan, and the court has accepted the case.

According to the documents submitted to the court, Royal Thai 50R Group has legally registered the Luckin trademark with the Thai Ministry of Commerce in 2020, and everything is handled in accordance with the rules and procedures of Thai law, and it is allowed to use the trademark to operate a coffee shop business that sells beverages such as tea and coffee. However, China Luckin Coffee later filed a lawsuit with the **Intellectual Property and International** courts, accusing 50R Group of maliciously registering trademarks, and the court of first instance ruled against the defendant. However, 50R Group decided that the judgment was unfair, submitted a rebuttal to the court, and won the case on December 1 this year.

The complaint of the Royal Thai 50R Group also stated that in the early days, before the court made a final judgment, China Luckin had repeatedly forced the plaintiff to stop using the trademark, and repeatedly forcibly seized the property of the other party, causing it to suffer serious economic losses. 50R Group also spent a lot of money to fight the lawsuit, asking the court to award a total of 10 billion baht, or about 2 billion yuan, in compensation to China Luckin Coffee.

Egypt extends ban on sugar exportsAccording to Egypt's Al-Ahram newspaper, Egypt** and the Ministry of Industry recently extended the ban on all types of sugar exports in the country for three months. According to the report, the extension of the sugar export ban is a precautionary measure to ensure that Egypt has enough sugar in the country**.

It is understood that recently, Egypt's domestic sugar prices have been alarming**, and merchants and food and beverage companies have begun to hoard inventory. Egypt's strategic sugar reserves can meet the country's consumption needs for almost eight months, said Egypt's Minister of Internal Affairs Ali Musellehi, who called for regular reporting on the price of sugar in the market until it stabilizes at 27 Egyptian pounds per kilogram. According to the Egyptian National Agricultural Library, Egypt can produce about 2.7 million tons of sugar per year, while the country needs 3.5 million tons of sugar per year.

SafetyFirst seizure of fentanyl drugs in Malaysia

According to Lianhe Zaobao, recently, Malaysian Customs seized for the first time a liquid fentanyl drug, commonly known as "zombie medicine", weighing 8079kg, worth RM44.4 million, can be consumed by about 4 million people. It is understood that the batch of drugs was transferred from Mumbai International Airport in India to Dubai via Kuala Lumpur, which is also the first seizure of fentanyl drugs in Malaysia.

Fentanyl affects users 100 times more than morphine and 20 to 40 times more than heroin, and Malaysian authorities classify it as a "very dangerous" drug. The Deputy Director General of the Malaysian Customs Department, Shaza, pointed out that the declaration information of this batch of drugs was "perfume", and the criminal gang used false information to package the drugs as fragrance compounds and send them to the air in an attempt to hide the world. At present, Malaysian law enforcement has not arrested any suspects, and under the Dangerous Drugs Act 1952 issued by the authorities, those involved could face the death penalty or life imprisonment if convicted.

Singapore has stepped up protection of the critically endangered species of Yellow-crowned BulbulSingapore news, recently, Singapore's Minister of National Development Li Zhicheng said that the yellow-crowned bulbul is one of the most attractive native birds in Singapore, but because of its beautiful call and frequent catch, it has been listed as a globally critically endangered species, and it is necessary for Singapore to strengthen the conservation of the yellow-crowned bulbul.

It is understood that there are only about 1,700 mature yellow-crowned bulbuls left in the world, of which one-third are in Singapore. As early as 2021, the National Parks Board of Singapore (NBS) included the Yellow-crowned Bulbul in its species restoration programme and set up a working group with the Natural Society of Singapore to focus on four key areas of Yellow-crowned Bulbul conservation, namely monitoring and conservation, genetic breeding and conservation reproduction, and community advocacy.

CultureThe award ceremony of the "Happy Vietnam" Photo Contest was held in HanoiAccording to the Vietnam News Agency, the opening ceremony and award ceremony of the photography exhibition under the framework of the "Happy Vietnam – Happy Vietnam 2023" photography contest was held at the Hanoi Grand Theater on December 19. Organized by the Foreign Information Bureau of the Ministry of Information and Media of Vietnam, the event aims to increase the promotion of Vietnam's economy, culture, society and human rights protection through the perspectives of all walks of life at home and abroad.

In the four months since the start of the competition, the organizing committee has received more than 7,000 entries. It vividly reflects the material life and spiritual and cultural life of the Vietnamese people, and at the same time, this competition shows the love of the Vietnamese people, overseas Vietnamese and international friends for their hometown and motherland, and promotes the cultural value and strength of the Vietnamese people in the new era.

Financial NewslettersLondon financial news, recently, investors speculated that the abnormal high temperature weather will not be conducive to the growth of Brazilian coffee bean crops, coffee **generally slightly**, coffee "c"** rose 620%, Robusta Coffee** rose 499%。Cocoa ** rose 073%。

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