Chinese inflation has moderated as a result of the zero-covid pressure on the economy.

The United Kingdom, Japan, and Italy have agreed to collaborate on the development of one of the world's most advanced fighter jets by 2035 as part of their first-ever trilateral military program aimed at expanding their defense capabilities in response to rising security threats from China and Russia.

The Global Combat Air Programme is being developed concurrently with a rival Franco-German-Spanish programme that has been hampered by political and industrial conflicts among the countries.

The UK and Italy agreed on Friday to merge their existing Future Combat Air programme, nicknamed Tempest, with Japan's F-X project. The three countries will split the development costs, which are projected to be in the tens of billions of dollars, but the final decision on the actual contributions will be based on a collaborative assessment of costs and national budgets.

"By collaborating in an equal partnership spirit, we are sharing the costs and rewards of this investment in our people and technologies," the three nations' leaders said in a joint statement. "Most importantly, the initiative will support all three countries' sovereign power to design, supply, and upgrade cutting-edge combat air assets well into the future."

The agreement, which took years to negotiate, is an extraordinary move for Japan. It has traditionally cooperated mainly with US partners for large military weapons, but has sought stronger security relationships with a variety of allies in preparation for a confrontation with China over Taiwan.

The fighter jet is also part of Japan's expanding defense ambitions, with Prime Minister Fumio Kishida announcing this week that the government plans to set aside 43 trillion yen ($315 billion) for its five-year defense budget, a 57% increase over the previous time.

Comments

A Bitcoin charity event has been announced by Hal Finney's wife.

She stated that the purpose of the event is to raise money in order to provide assistance to people who have been affected by ALS. Fran Finney, the wife of the pioneer in the field of cryptography Hal Finney, has announced a charitable event that will benefit patients suffering from amyotrophic lateral sclerosis (ALS). Finney, who was discussing the event on Twitter, urged users of Bitcoin to participate in a half marathon and share their experiences on social media between January 1 and January 10, 2023 in order to contribute to the fundraising effort to combat the disease. Fran Finney, using her husband Hal Finney's official Twitter account, was the one who made the announcement. She had previously reactivated the account in order to save it from being deleted during a purge that Twitter performs on inactive accounts. The event, which is being held in conjunction with the Golden West Chapter of the ALS Association, was given the moniker "Running Bitcoin" in honor of the...

Malaysia's GDP will slow in 2023.

Malaysia's economy would weaken in 2023 as a result of tough external conditions and slowing domestic demand, experts said on Thursday. According to Xinhua, Maybank Investment Bank Research predicts Malaysia's full-year growth to drop to 4% in 2023 from 8% in 2022, owing primarily to a slowing in domestic demand. According to the research firm, private consumption will increase at a slower pace next year as pent-up spending from the complete economic re-opening evaporates, compounded by the effects of high inflation and high interest rates on the cost of living and real disposable income. It also expects public consumption growth to moderate, in accordance with the lower government operating expenditure allocation in Budget 2023. Furthermore, it stated that the projection for weaker global economic development resulted in a decline in goods and services exports and imports. Meanwhile, MIDF Research foresees Malaysia's gross domestic product (GDP) growth to reduce to 4.2 per...

The price of Bitcoin ASIC miners is currently hovering at levels not seen in several years.

The price per terahash of ASIC miners has dropped by more than 80 percent since its all-time high in 2021, as more and more Bitcoin mining machines continue to flood the market. Bitcoin ASIC miners, which are machines that are optimized for the sole purpose of mining Bitcoin, are currently selling at bottom-of-the-barrel prices not seen since 2020 and 2021, in what is being viewed as another sign of a deepened crypto bear market. Bitcoin ASIC miners are machines that are optimized for the sole purpose of mining Bitcoin. The most efficient ASIC miners are those that generate at least one terahash for every 38 joules of energy. According to the most recent data from Hashrate Index, the price of these miners has dropped by 86.82% since their peak on May 7, 2021, when it was $119.25 per terahash and has now fallen to $15.71 as of December 25. Antminer S19 from Bitmain and Whatsminer M30s from MicroBTC are two examples of miners that fall into this category. The same premise holds tru...

EconomyDiary

Search This Blog