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What We’re Watching: Europe's trucker shortage, Mapuche emergency in Chile, Japan’s military plans

Truck driver shortage across Europe: No, the UK is not the only European country with an acute shortage of drivers to move goods around. Indeed, the entire continent is now desperately in need of more truckers, mainly as a result of soaring demand coupled with less people willing to do a job for low pay and poor working conditions. The situation in mainland Europe is not as bad (yet) as in the UK, where Brexit has aggravated the problem: the army has been deployed to refill gas stations amid backed-up ports and empty supermarket shelves because EU drivers now need visas. Still, the shortage is creating a massive headache for European companies already struggling to keep up with so much pent-up demand. What's more, a new EU-wide law will soon require truckers to be paid the minimum wage in each EU member state they transit through. This is all precisely what the IMF has been talking about this week, when it warned that supply chain disruptions are slowing down the global post-pandemic recovery and driving up inflation.

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What We’re Watching: Kim goes hypersonic, confident Europeans, Japan’s new safe hands

Kim Jong Un breaks the sound barrier: North Korea has announced the successful test of a "strategic weapon" that travels five times faster than the speed of sound. The Hwasong-8 missile, which is believed to be nuclear-capable, is a hypersonic weapon which is much harder for missile defense systems to track than conventional ballistic missiles. The US, China, Russia, and India are the only other countries known to be working with this highly sophisticated technology. And although experts aren't quite sure how developed the Hwasong-8 actually is, this is the third missile test that North Korea has conducted in the last month, suggesting that Pyongyang is getting plucky again as nuclear negotiations with the US remain in a deep freeze.

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