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Iranian government spokesman: The Supreme National Security Council is managed by the president, and supporting the war is one of the important matters he frequently instructs on.On April 7th, ST Zhongzhu announced that its board of directors received a resignation report from Chairman Chen Xu on April 7th, 2026. Mr. Chen Xu resigned from his positions as chairman and legal representative of the company due to work adjustments. After his resignation, Mr. Chen Xu will continue to serve as a director of the companys tenth board of directors and a member of relevant special committees. According to the relevant provisions of the "Company Law" and the "Articles of Association," Mr. Chen Xus resignation as chairman did not result in the number of board members falling below the statutory minimum. His resignation report took effect from the date it was delivered to the board of directors, and Mr. Chen Xus departure will not affect the normal operation and management of the company and its board of directors.On April 7, Premier Li Qiang signed a State Council decree promulgating the "Regulations of the State Council on the Security of Industrial and Supply Chains," which took effect on the date of promulgation. The State strengthens the security of industrial and supply chains in key sectors. Relevant departments of the State Council will formulate a list of key sectors and implement dynamic adjustments to maintain the stable and continuous operation of the production and circulation of raw materials, technologies, equipment, and products in key sectors. Relevant departments of the State Council will promote information sharing in key industrial and supply chains, strengthen information platform support, guide industries and enterprises to strengthen information interconnection and interoperability in key industrial and supply chains, and take effective measures to ensure data security. The State will establish and improve a monitoring and early warning system for security risks in key industrial and supply chains. Relevant departments of the State Council will organize and conduct assessments and monitoring of the stability of supply channels for raw materials, technologies, equipment, and products in key sectors and their impact on economic and social stability and national security, identify industrial and supply chain security risks, and promptly release early warning information.Goldman Sachs stated on Tuesday, April 7th, that technology stocks, including US stocks, appear cheap after a prolonged period of underperformance, creating potential entry opportunities for investors. "Weve witnessed one of the weakest periods of relative returns for the technology sector in 50 years," the company said. Multiple factors have contributed to the overall weakness of the technology sector since 2025, prompting investors to shift towards value stocks. These factors include the launch of DeepSeek, massive capital expenditures by US mega-corporations, and the disruptive impact of AI-driven software. These factors have provided opportunities for investors to enter the sector, which currently exhibits strong growth but low valuations. The valuation premium for US mega-corporations has declined and is now almost in line with other parts of the sector. Globally, the IT sectors price-to-earnings ratio is lower than that of the consumer discretionary, consumer staples, and industrial sectors. Goldman Sachs noted that despite the low valuations, the technology sectors earnings performance remains strong. Among the S&P 500 sectors, the market consensus is that the IT sectors Q1 earnings per share will grow by 44%, accounting for 87% of the indexs earnings per share growth.Petroleum LOF: Trading will be suspended from the opening of the market on April 8, 2026 until 10:30 on the same day, and will resume at 10:30 on April 8, 2026.

High Mortgage Rates Force First-time Buyers to Rent, According to Rightmove

Aria Thomas

Nov 25, 2022 14:27

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The property website Rightmove (OTC:RTMVY) said on Friday that the demand for rental homes in the United Kingdom surged in October as prospective first-time buyers postponed their purchases owing to rising mortgage rates.


However, the total number of renters and purchasers on the market declined by 1% compared to the same period previous year.


In recent months, mortgage rates in the United Kingdom have risen beyond 6%, increasing after the "mini-budget" of former prime minister Liz Truss on September 23 rattled financial markets.


Since then, rates have fallen due to Jeremy Hunt's Autumn Statement, which guaranteed stamp duty reductions through March 31, 2025.


According to Britain's largest property marketplace, first-time buyers have been significantly impacted by the hike, prompting them to consider renting in the near future while they await the inevitable stability of mortgage rates.


Tim Bannister, a property expert at Rightmove, commented, "It is very understandable why some buyers, especially first-time buyers, are waiting for better financial stability."


Now that there are indicators that mortgage rates are stabilizing, it is probable that they will settle at a higher level than buyers in the past have experienced.


42% of prospective first-time buyers who intend to enter the property market over the next several years have already amassed their entire down payment while awaiting a reduction in interest rates. 43% more were engaged in savings.


Tenants are already facing a large increase in expenses owing to the rising costs of electricity, fuel, food, and council tax, which are reflected in the statistics.


As a result of the highest rate of inflation in 41 years, real wages are decreasing, placing incomes under the most severe pressure in decades.

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