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Local officials said a Russian missile attack in Krivirikh, Ukraine, killed six people, including children, and injured eight others.On July 30th, Digitimes analyst Derek Huang stated in a report that the timeline for TSMCs Japanese factory to fully resume production remains to be seen due to ongoing aftershocks. He said that even if the direct financial losses to TSMC are minimal, the extended recertification time for specialized process equipment could cause greater disruption to the supply chain. TSMC stated in a press release that all personnel were evacuated following Tuesdays strong earthquake, and post-earthquake structural inspections confirmed the buildings structural safety. The company added that, however, due to the relatively strong earthquake, the inspection and calibration of related equipment will require some time.On July 30th, at the CDEC Summit Forum held during ChinaJoy, Zhang Yijun, First Vice Chairman of the China Audio-Visual and Digital Publishing Association, released the "China Game Industry Report for January-June 2026". The report shows that in the first half of 2026, the actual sales revenue of the domestic game market reached 188.45 billion yuan, a year-on-year increase of 12.17%. As of June, the number of game users in my country reached 684 million, a year-on-year increase of 0.82%. In terms of overseas game exports, my country continued to maintain high growth, with the actual sales revenue of self-developed games in overseas markets reaching US$12.372 billion in the first half of the year, a year-on-year increase of 30.2%. Meanwhile, mini-games also showed impressive growth, with the revenue of mini-program mobile games reaching 31.66 billion yuan in the first half of the year, a year-on-year increase of approximately 36%. Zhang Yijun mentioned that the game industry saw significant growth in scale in the first half of the year, with AI technology fully penetrating the market and the game economy becoming increasingly robust.On July 30th, media outlets reported that several users had experienced unusual spending on their Meituan accounts. Meituan confirmed that after thorough investigation, these users were highly likely victims of a new type of telecom fraud. Meituan is actively cooperating with the police investigation and has taken various measures to ensure user account security. Meituan (03690.HK) stated that, according to multiple investigations, the modus operandi in this incident is highly consistent: criminals use lures such as "brushing orders for rebates" and "high commissions" to send users links containing Trojan programs. Once a user clicks on the link, their phone is remotely controlled. The criminals then use the users identity to purchase popular restaurant vouchers and scenic spot package tickets in bulk on Meituan, and then quickly resell them for cash through online second-hand platforms, profiting from this. It is understood that public security organs in multiple locations have opened investigations into related cases. Meituan is actively cooperating with the police by providing complete data such as account login logs, order details, and transaction records to assist in tracing the criminal gang. In response to this new type of crime, Meituan stated that it has continuously upgraded its risk control strategies.On July 30th, the worlds largest diameter high-speed rail tunnel boring machine, independently developed by my country, successfully traversed the Yangtze River, marking the completion of the tunnels waterway section. Once operational, the Chongtai Yangtze River Tunnel will end the history of Chongming Island, my countrys third largest island, being without high-speed rail access.

0.8450 is being reached by EUR/GBP as the prospect of a UK recession looms

Daniel Rogers

Aug 05, 2022 14:46

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Following a huge upward rise from 0.8360 on Thursday, the EUR/GBP pair has subsequently turned sideways around 0.8430 in the Tokyo session. After the Bank of England (BOE) hiked interest rates by 50 basis points, the cross displayed a significant upward rise (bps) (bps). The BOE lifted interest rates by 50 basis points in succession, bringing them to 1.75 percent.

 

The investing community is aware that UK household earnings have been unsteady during the preceding few months. In addition, the economy's inflation rate is fast expanding. The inflation rate was 9.4 percent prior. The recent statement by BOE Governor Andrew Bailey that price increases might exceed 13 percent has sent shockwaves across the market.

 

The runaway inflation is now escalating, leaving the BOE with very little flexibility to tighten its monetary policy. The BOE is in poor shape as a result of the dismal economic data and the continuing political upheaval following the departure of UK Prime Minister Boris Johnson. A recession in the UK economy is extremely probable in the case that the inflation rate is close to 13 percent.

 

German manufacturing order numbers for the Eurozone have decreased by 0.4 percent against an anticipated 0.8 percent decline and a prior monthly contraction of 0.2 percent. Falling orders from factories indicate sluggish demand in Germany as a whole. It is vital to remember that Germany is a key element of the European Union (EU), and that economic data from Germany has a huge effect on people who favor the common currency.