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deterrence against China demands action

and will to fight

who warns about tainted Indian made cold

medicine

Germany spends big to win 11 billion

tsmc chip plant

1 million customers without power in 11

states in the U.S

Italy earmarks 2.9 million euros to

tackle blue crab invasion

Brazil's Central bank's digital currency

Drex scheduled for 2024 launch

PayPal launches dollar-backed stablecoin

Belarus begins military drills near

Poland and Lithuania

foreign

Wade Lee thank you for joining us on

Monday news it is Wednesday August 9th

and here are your top stories Nikkei

Asia reported the former Japanese prime

minister Taro also addressed The

categoryland Forum in Taipei emphasizing

deterrents against China's Xi Jinping

requires not just the ability but also

the will to act he highlighted the

importance of conveying both these

elements to adversaries he added it is

not enough to spend money and just have

defense capabilities it is important to

make clear to the opponent that we will

use those capabilities for the defense

of Taiwan for the stability of Taiwan

that becomes a deterrent according to

Nikkei Asia also also remarked never has

there been a time when Nations like

Japan Taiwan and the US have needed such

resolve since U.S speaker Nancy Pelosi's

visit to Taiwan last year China's

aggressive actions towards Taiwan have

intensified

also stressed the importance of not just

investing in defense but also showing

the intent to use it for taiwan's

defense

also warned of an impending time of

emergency and urged like-minded

countries to unite The Who organization

issued a global alert about a cold

medicine Made in India and sold in Iraq

that was contaminated with toxic

chemicals the who said Monday that a

batch of cold outside made last year is

unsafe and its use especially in

children may result in serious injury or

death the contamination came to light

when Bloomberg News purchased a sample

of the syrup at a pharmacy in Baghdad in

March and arranged a test by an

independent Connecticut based lab

valisher LLC Bloomberg reported the test

results to the who as well as to Iraqi

and Indian authorities last month

it's the sixth warning the who has

issued in the past year regarding syrup

medications tainted with poisonous

industrial solvents and the fifth tied

to an Indian manufacturer outbreaks tied

to Tainted syrup in Indonesia Gambia

Uzbekistan and Cameroon have killed

about 300 children in the past year

the cold out product label identifies

the manufacturer as chennai-based 4

India Laboratories private Limited

Tony's tripmaker tsmc on Tuesday

committed 3.5 billion euros to a factory

in Germany it's first in Europe grabbing

the opportunity of huge State support

for the 11 billion dollar plant as the

continent seeks to bring Supply chains

closer to home the plant which will be

tsmc's third outside of its traditional

manufacturing bases in Taiwan and China

is Central to Berlin's ambition to

Foster the domestic semiconductor

industry so that its car industry can

remain globally competitive German

officials said that Germany which has

been courting the world's largest

contract shipmaker since 2021 will

contribute up to 5 billion euros to the

factory in Dresden capital of the

Eastern State of Saxony

Saxony is heir to a tradition of

precision craftsmanship Germany's Bosch

and Infineon in the Netherlands nxp will

each own 10 of the plant

tsmc said it would invest up to 3.499

billion euros into a subsidiary European

semiconductor Manufacturing Company esmc

of which it will own 70

thousands of flights have been canceled

or delayed on Monday and more than 1

million customers are without power

across 11 states as severe storms Target

the U.S east Coast cities seeing Major

Impact at airports include Atlanta New

York Baltimore Washington D.C and Boston

the Federal Aviation Administration said

that thunderstorms are also expected to

impact airports in Memphis Dallas Denver

Orlando Tampa Fort Lauderdale and Miami

the usfaa issued multiple ground stops

Monday night for several airports on the

East Coast including JFK Newark

Philadelphia Atlanta and airports in the

Washington DC area

in Washington D.C federal employees

including at the White House in the

Pentagon were instructed to leave work

early Monday afternoon due to the

weather

the main threats Monday afternoon and

evening are tornadoes and destructive

winds

a tornado watch is stretching across 11

States including Tennessee West Virginia

Pennsylvania and New Jersey

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its lease government has earmarked 2.9

Million Euro to tackle the spread of a

particular aggressive crab species that

is threatening the country's role as one

of the world's top producers of clams

the blue crab originating from the

Western Atlantic has spread across

several lagoon-like locations in Italy

preying on local shellfish fish row and

other Aquatic Life to the detriment of

the clams aquafarm industry experts say

it is unclear why they are multiplying

with such speed or whether there could

be a link to climate change

Italy's agriculture Minister Francesco

Lolo brijita on Sunday visited the Delta

of the poe River Valley in Northern

Italy one of the most affected areas and

said the government would approve the

emergency funding at a meeting later on

Monday

the 2.9 million euros will be given to

fishing cooperatives and aqua farmers

who are trying to launch a blue crab

fishing campaign

last week the fisherman's Cooperative of

the policing said that as much as 12

metric tons of blue crabs were being cut

every day

Brazil Central Bank announced on Monday

that its forthcoming digital currency

set to launch next year will be named

Drex aiming to use the currency to boost

Financial Services the drugs will use

distributed Ledger technology to settle

wholesale interbank transactions while

retail access will be based on tokenized

Bank deposits the coordinator of the

initiative at the bank Fabio arajo set

the development of Drex is primarily

aimed at improving access to financial

services in the country araujo stated by

enabling simple and reliable access to

registered values through DLT technology

we reduce costs and democratize access

to financial services

he also highlighted that Brazilians are

already engaging in extensive digital

payments through the instant payment

platform picks which was launched in

late 2021 and has been widely embraced

now the expectation is that Drex will

bolster lending Investments and

insurance services

payment giant PayPal said on Monday that

it has launched a US dollar stable coin

becoming the first major Financial

technology firm to embrace digital

currency for payments and transfers

PayPal's stablecoin dubbed PayPal USD is

backed by U.S dollar deposit and

short-term U.S treasuries and will be

issued by paxos Trustco the token can be

redeemed for US dollars at any time and

can also be used to buy and sell with

other cryptocurrency PayPal offers on

its platform including Bitcoin

paxos posted on messaging platform X

formerly known as Twitter

pyusd is the first of its kind

representing the next phase of US

Dollars on the blockchain

this is not just a milestone moment for

paxos and PayPal but for the entire

financial industry

Visa said in 2021 it will allow the use

of cryptocurrency to settle transactions

on its payment Network

in 2019 Facebook's plans to launch a

stablecoin Libra were foiled after

Regulators raised fears it would have

upset Global Financial stability

Belarus have begun military exercises

near its border with Poland and

Lithuania as tensions heightened with

the two NATO members over Russia linked

Wagner mercenaries who moved to Belarus

after their short-lived Mutiny in Russia

both Poland and Lithuania have increased

border Securities since thousands of

Wagner Fighters arrived in Russia Allied

Belarus under a deal that entered their

armed rebellion in late June and allowed

them and their leader yevgeni pragosan

to avoid criminal charges

well uh there are several reasons the

Belarusian defense Ministry said the

drills that began on Monday are based on

experiences from the special military

operation the term Russia uses for its

war in Ukraine

it said that includes the use of drones

as well as the close interaction of tank

and motorized rifle units with units of

other branches of the Armed Forces

the war games were taking place in the

grodno region of Belarus near the

so-called sawalki Gap a sparsely

populated stretch of land running 96

kilometers along the Polish Lithuanian

border

now let's delve into the news of Italy

earmarking 2.9 Million Euro to tackle

blue crab Invasion number one

earmarks

the money had been earmarked for

spending on new school buildings number

two multiply

our problems have multiplied since last

year number three prey on

the effect was to disrupt the food chain

starving many animals and those that

preyed on them

next we have a multiple choice question

for everyone to practice which answer

would you choose you can write your

answer in the comments section the

correct answer will be announced

tomorrow

and that's it for today's fun day news

be sure to tune in to Funday news from

Monday to Friday and click the link

below now to join Funday for free I'm

wadeley your host I'll see you next time

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okay boys

okay

hello I'm Wade Lee thank you for joining

us on Friday news it is December 13th

and here are your top stories

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