Today’s headlines: China’s central bank cuts key interest rate by 10 basis points; The Japanese government is still contemplating a date for the discharge into the sea of treated water from the Fukushima nuclear power plant; HRW accuses Saudi border guards of massacres; At Least 11 Employees Killed in Pakistan Bomb Blast; Tehran cuts off the Little Zab River in Iraq, fueling the water crisis in the neighboring country; With the EU embargo, Brazil becomes the second largest customer of Russian oil.
PORCELAIN
For the second time in three months, the Central Bank of China (PBOC) has revised one of its main interest rates to revive an economy suffering from the Covid-19 pandemic. The 10 basis point cut is related to the one-year prime rate. The loan interest rate (Lpr), which is set at 3. 45%. The 5-year rate, the benchmark for mortgages, remains unchanged at 4. 2%, despite the fall in the sector.
JAPAN
Prime Minister Fumio Kishida said the government had not yet set a target date for the discharge of treated water from the Fukushima nuclear plant, site of the 2011 accident, into the Pacific Ocean. Millions of tons could start in late August and early September, despite fears from China and other countries in the region.
Today’s headlines: China’s central bank cuts key interest rate by 10 basis points; The Japanese government is still contemplating a date for the discharge of treated water from the Fukushima nuclear power plant into the sea; HRW accuses Saudi border guards of massacres; At least 11 employees killed in bomb blast in Pakistan; Tehran cuts off the Little Zab River in Iraq, fueling the water crisis in the neighboring country; With the EU embargo, Brazil becomes the biggest customer of Russian oil at the moment.