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Real-time News
On May 19th, fossil fuel industry executives pointed out that Australia must invest in producing more natural gas to avoid a domestic supply shortage by the end of this decade. Shell Australia Chairman Wake stated, "The Middle East conflict highlights the worlds dependence on oil and gas. Our country urgently needs more natural gas." Although Australia is one of the worlds largest exporters of liquefied natural gas (LNG), its east coast is expected to face a supply gap by the end of this decade. To address this gap and protect domestic consumers from high international prices, the government this month approved the much-opposed "Domestic Gas Reserve Scheme," requiring producers to reserve one-fifth of new production for domestic use. Santos CEO Gallagher criticized the scheme, saying it would lower prices in the short term but stifle investment and supply. "Capital only flows to where it feels safe. The industry needs to attract capital back to Australia."The performance of Hong Kong-listed AI application stocks diverged, with Zhipu (02513.HK) continuing its decline with a drop of 13%, MINIMAX-W (00100.HK) falling by more than 9%, and SenseTime (00020.HK) and Paradigm Intelligence (06682.HK) following suit.On May 19th, Moodys Analytics economist Stefan Anglick stated that Japans first-quarter GDP data did not provide a clear indication of the economys future direction. He pointed out that while the growth base is broad, these frequently revised preliminary figures should not be overemphasized. Anglick wrote that the outlook for the coming quarters looks extremely grim due to soaring commodity prices caused by the Middle East conflict. US tariffs, trade tensions, and increased competition remain threats. Domestically in Japan, weak real wage growth is a major drag. He stated that moderate fiscal support for households, defense, and strategic investment should prevent the economy from derailing, but increasing headwinds foreshadow a difficult year. Against this backdrop, the Bank of Japan may raise interest rates again this summer, but it will be difficult to justify further rate hikes.The local governor claimed that Ukraine attacked Russias Rostov-on-Don region.On May 19th, Chongqing Zongshen Motorcycle Industry Manufacturing Co., Ltd. issued a statement saying that after a comprehensive investigation, the company confirmed that the information circulating online regarding the low-price sale of its Cyclone AQS250 motorcycle is false, fabricated, and misleading. It was not released by the company, and the company has never authorized any individual or third-party organization to conduct related activities, nor has it ever issued or promised any policies or services related to the online rumors. "Regarding this illegal act of spreading rumors and suspected fraud online, the company has immediately secured all evidence and is simultaneously carrying out comprehensive rights protection work."
