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Real-time News
Microsoft (MSFT.O): We appreciate the dialogue with the European Commission, which led to this agreement, and we will implement our new obligations promptly and fully.On September 12th, it was reported that "there is a high possibility that new energy vehicles will be subject to a 5% purchase tax starting next year. This is because the relevant authorities had already issued a policy in 2023, which clearly stated that the vehicle purchase tax would be halved for new energy vehicles purchased between January 1, 2026 and December 31, 2027." Cui Dongshu, Secretary-General of the China Passenger Car Association, analyzed in an interview. "If the policy of reducing the purchase tax for new energy vehicles continues next year, the tax pressure will also increase due to the large volume of new energy vehicles." Cui Dongshu believes. It is important to note that at present, the relevant authorities have not officially issued a notice on whether the vehicle purchase tax for new energy vehicles will be restored from January 1, 2026. The final announcement of the relevant authorities will be the final basis. "Dont believe any rumors, and follow the official documents for everything," Cui Dongshu also emphasized.On September 12th, Christodoulos Patsalides, a member of the European Central Banks governing council and the Governor of the Central Bank of Cyprus, stated on Friday that the ECB does not need to adjust its benchmark interest rate in the near future, but future adjustments could be in both directions. He stated that as long as inflation develops as expected, "the current interest rate is appropriate." Patsalides stated that it is fair to say that inflation risks are currently balanced, and in this context, "the next move in interest rates could be upwards or downwards." He emphasized that all options are on the table and that a rate hike would not be ruled out if necessary. The forecast for the Harmonized Index of Consumer Prices (HICP) for 2026 is "only a short-term deviation from the 2% target," with the ECB projecting it to return to 1.9% by 2027. "Therefore, there is no reason to be overly concerned about a prolonged period of below-target inflation." As for the downward revision of the 2027 inflation forecast to 1.9% from 2% in June, Patsalides stated that the two forecasts are "almost identical," primarily due to technical assumptions such as exchange rate fluctuations, rather than fundamental changes.Market news: The EU accepted Microsofts commitment to resolve the Teams antitrust case, and Microsoft promised to separate Teams from the Office suite.A Kyodo News opinion poll in Japan showed that Sanae Takaichi leads the Liberal Democratic Party with 28% support, while Junichiro Koizumi has 22.5%.
