Castle Journal

Castle Journal


By: Nadeemy Haded

China's central bank said on Wednesday that economic growth remains robust despite relatively large pressure and growing external blurring.

The People's Bank of China said in a statement after the monetary policy committee meeting for the fourth quarter of the year, it would work to ward off financial risks and defuse them amid "profound changes" in the domestic and international economy.

The bank added that it would keep the yuan's exchange rate balanced and stable, and would use multiple monetary instruments and a flexible liquidity policy.

He added that he will keep the money supply and social financing growth in line with the nominal GDP growth, Reuters reported.

The growth of the Chinese economy has slowed to its lowest level in nearly 30 years, and although economic activity has shown signs of accelerating recently, analysts widely expect that Beijing will implement more stimulus measures in 2020 to prevent a further slowdown.

Source Sky News


By: Nadeemy Haded

European airport sources delivered a record number of aircraft in December, exceeding their target for 2019, and taking first place in the aircraft industry, from its American competitor "Boeing", which is passing through trouble, sources at airports and monitoring destinations said on Wednesday.

The sources added that Airbus, which industrial problems forced it to cut its target for 2019 deliveries between 32 percent in October, mobilized additional resources until hours before midnight on the eve of the new year to reach 863 aircraft for the year, up 7.9 percent from 800 aircraft in 2018.

Airbus declined to comment on the numbers, which are to be reviewed before they are completed and published, according to Reuters.

Aircraft manufacturers receive most of their revenues when delivering the aircraft, minus any previous payments, and therefore the volume of deliveries receives close follow-up from investors.

Boeing crisis

The US House of Representatives Communications Committee is leading an investigation into Boeing Max planes that were suspended from work in March after two crashes, dealing with the US company's response to the first crash and the role of regulators overseeing aircraft licensing.

The Boeing 737 MAX crash in less than five months plunged Boeing into the most serious crisis in its history.

And in a decision unprecedented in the history of modern aviation, all the global fleet of these planes has been prevented from flying since March 13.

The plane crashes of an airline, "Line Air", and another belonging to the Ethiopian Airlines on the tenth of March in similar circumstances, killed 346 people, and investigations indicated a defect in one of the information systems.

Source: Reuters


By: Nadeemy Haded

A Chinese court jailed a scientist who produced what he said was the first "genetically modified" children, last year, in a development that at the time sparked outrage in China and the world.

"Reuters" quoted Xinhua news agency, Monday, that Hei Gianqi will spend 3 years behind bars, after he was convicted of illegally conducting a genetic modification experiment.

The punishment also included fining the world with 3 million Chinese yuan (430,000 US dollars).

Hei announced in November 2018 that he used gene-editing technology known as "CRISPR-Cas9" to change the genes of two twin children, which sparked an angry response in China and the world about the ethics of his research and work.

The Chinese scientist said that his experiment succeeded in modifying the DNA of fetuses, so that they were given immunity to HIV infection known as "AIDS."

But many doubts circulated about Heh's statements, especially since he did not provide support for the allegations he made, and he said he would publish a research paper to review the experience, but he has not yet done so.

And most countries of the world prohibit genetic modifications of fetuses, and scientists say that if this happens, it may lead to health problems in children, whether in the short or long term.

And the institutions in which He Jiankoy works are quick to announce their denials of what he has done.

Since last January, the Chinese world has disappeared, and nothing has been known about the twins' fate.

Source agencies


By: Nadeemy Haded

The British Ministry of Defense has acknowledged that a number of weapons and ammunition have been stolen from army bases, and some have ended up for sale on e-commerce sites.

The ministerial recognition came on the request of the Sky News network, in accordance with the law on the right to access information.

And Sky News said on Monday that 11 rifles, 42 pieces of explosive ammunition and 1,153 bullets had disappeared from army stores during the past year, and their fate was unknown.

The data disclosed covers stolen weapons during the period from September 26, 2018, to September 30, 2019.

"We note that from time to time weapons are inspected during training exercises in the UK," said a spokesman for the Arms Control Network, a group that is pushing for tighter control of firearms in Britain.

"I don't remember seeing a report of the army recovering lost weapons," he added.

Eight rifles and 1,000 bullets were stolen in one robbery that occurred inside an army military facility in Merseyside, western England.

In a separate incident, two rifles disappeared from a British army center, and a third disappeared during a deep-water training in Wales.

But the most exciting thing about thefts is that some of these weapons were offered for sale and actually sold on eBay.

This raises fears that the weapons may reach the hands of criminal and extremist groups that they may use to commit crimes.

Thefts in the British army did not stop with weapons, but also included bullet-proof vests, mountain bikes, and a military camera.

Besides, 30 computers and 210 laptop computers were stolen from the army's property between October 2018 and September 2019, but the army said the matter may have been the result of a "miscalculation."

Source Sky News

Monday, 30 December 2019 16:00

Optimism about "trade agreement" revives oil


By: Nadeemy Haded

Oil prices rose to a 3-month high on Monday, buoyed by optimism about an expected trade agreement between the United States and China, as traders closely watch the Middle East, following US air strikes.

The markets showed limited initial reaction to the news of the US-led air attacks in Iraq and Syria against an Iranian-backed militant group, even after US officials warned of possible "additional measures".

US West Texas Intermediate crude futures rose 5 cents to $ 61.77 a barrel. And American crude is about 36% high since the beginning of this year.

Brent crude futures recorded $ 68.36 a barrel, up 20 cents, or 0.3%. Global benchmark crude rose 27% in 2019.

On Sunday, the Chinese Ministry of Commerce said it was in close contact with the United States on signing a long-awaited trade agreement.

Oil prices are also supported by a drop in US oil inventories, which fell 5.5 million barrels in the week ending December 20, far exceeding expectations in a Reuters poll of 1.7 million barrels.

Source: Agencies


By: Nadeemy Haded

Gold prices rose to the highest level in more than two months, Monday, amid weak dealings at the end of the year, while the US dollar fell, while US military strikes in the Middle East prompted investors to head to the metal, which is a safe haven.

And gold rose in spot trading 0.2% to $ 1513.29 an ounce (ounce). Earlier in the session, gold hit its highest level since October 25 at $ 1515.80. In futures trading in the United States, the yellow metal fell 0.1% to $ 1516.60.

And on Sunday, the US military carried out successful air strikes in Iraq and Syria targeting an Iranian-backed group, resulting in market haze and geopolitical tensions.

Gold is considered a safe investment in times of geopolitical and economic uncertainty.

Gold also supported the decline of the dollar against a basket of competing currencies, making the yellow metal cheaper for holders of other currencies.

Gold has risen about 18% since the beginning of the year, and is heading to record the best year since 2010, mainly due to the 17-month trade war between China and the United States, and its impact on global economic growth.

In terms of other precious metals, silver rose 0.9% to $ 17.92 an ounce, while platinum increased 0.7% to $ 951. Palladium lost 0.1%, to $ 1903.39 an ounce.

Source Sky News


By: Nadeemy Haded

This evening, Sunday, the TASS news agency reported that the Russian Federal Security Service arrested two Russian citizens who were preparing for a terrorist act in Petersburg to coincide with New Year's holidays.

In a statement to "TASS", the media office of the Federal Security Agency stated that, based on information provided by "American partners", on December 27, "Russian citizens who were planning to carry out terrorist attacks in crowded places in the city of St. Petersburg were arrested during New Year's holidays" .

The commission added that materials confirming the detainees' planning to launch the attacks were seized during the arrest process, and that a criminal file was opened on charges of "preparing to launch a terrorist attack" and "participating in terrorist organization activities".

Earlier today, Russian President Vladimir Putin thanked his American counterpart, Donald Trump, in a telephone conversation with him for providing information that contributed to thwarting a terrorist attack in St. Petersburg.

Source: Tass

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 Castle Journal is an international newspaper with daily electronic edition, received the international license by the United Kingdom number 10675, and accredited by the Egyptian Embassy in London, owned by Abeer Almadawy

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