Anna's Daybreak News

Good morning news friends! Let’s sift through the noise and bring you the most intriguing news stories of the day.

• After their success in Ukraine, Taiwan's leaders took quick note and rolled out a crash program to catch up in the drone race against China.


• Though Taiwan has only four drone types with a fleet size of just "hundreds," China has an arsenal of more than 50 drone types that is estimated to be in the tens of thousands.


• The island is enlisting commercial drone companies to fast-track the building of a self-sufficient drone supply chain.


• The goal is to build more than 3,200 drones by mid-2024, from mini-drones to large surveillance craft with a range of 150 kilometers, with help from private companies.


• As Taiwan defies China's attempts to assert control, both sides race to harness emerging technologies in this high-tech arms race. The stakes have never been higher - and with the help of tiny drones, an equally tiny island could just outwit its giant adversary.
Source: Read More

• Americans have surpassed Chinese as the leading foreign buyers of private apartments in Singapore


• Mainland Chinese had held the top spot since 2016, but this changed due to the government's increased stamp duties.


• To keep a lid on prices, the Singaporean government has imposed the highest tax rates for foreign buyers among major markets.


• It looks like US real estate investors are getting the final piece of the Singaporean property pie!
Source: Read More

• The UN-chartered vessel MV Valsamitis delivered 25,000 tonnes of Ukrainian wheat to Kenya and 5,000 tonnes to Ethiopia, despite the Russian invasion of Ukraine.


• Russia has taken the opportunity to ratchet up tensions by exiting the Black Sea Grain Initiative on July 17th and threatening ships headed toward Ukrainian ports.


• The long-term goal of this strategy is to deny Ukraine the ability to raise foreign currency through export earnings and disrupt agricultural markets inside Ukraine.


• But, what happens if Russia's seaborne oil exports become at risk? Russia is the world's second largest exporter of crude oil and the largest provider of oil (and oil products) to global export markets.


• Putin is playing Russian roulette with the commodities market and the global economic stability
Source: Read More

• 25 states have unemployment rates at or within 0.1 percentage point of record lows.


• New Hampshire and South Dakota lead the way with June jobless rates of 1.8%.


• California's rate has risen 0.7 percentage point in the last year.


• Despite this, the US labor market is still going strong, with no signs of slowing down anytime soon!
Source : Read More

Baked with love,

Anna Eisenberg ❤️