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Gold
4953.26
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63.301
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Real-time News
February 7th - According to sources, the EU is exploring new sources of defense funding after a €150 billion ($177 billion) loan program was oversubscribed. The sources indicated that discussions are still in the early stages, as the European Commission is still disbursing funds for existing loan programs. They also stated that officials expect the fund to have billions of euros remaining due to discrepancies between national applications and final contracts. However, the sources indicated that once the funds run out this spring, the Commission will assess the process and study the feasibility of another round of financing, which may include a second loan program.February 7th - According to posts by Tesla executives online, Tesla (TSLA.O) is hiring to support founder Elon Musks recently announced plan to become the largest solar module manufacturer in the United States. These posts indicate that the company is implementing Musks new vision of building a 100-gigawatt domestic solar power project. Furthermore, sources familiar with the matter revealed that the company is evaluating multiple locations across the United States with plans to begin solar cell production. One component of this plan is expanding the capacity of its factory in Buffalo, New York. This factory could potentially reach a capacity of 10 gigawatts, equivalent to the power output of 10 nuclear power plants. In the long term, another option is to build a second factory in New York State. Arizona and Idaho are also under consideration.February 7th - According to the National Development and Reform Commission, my countrys overall social logistics costs have steadily declined for several consecutive years, reflecting a continuous improvement in economic efficiency. The latest calculations show that in 2025, the ratio of total social logistics costs to GDP in my country will further decrease to 13.9%, reaching the lowest level since statistics began. The transportation structure continues to optimize, with the shift from road to water and rail transport accelerating, leading to improved overall transportation efficiency and lower logistics costs. In 2025, the proportion of waterway freight turnover will continue to remain above 50%; the national railway multimodal transport volume will increase by more than 130% year-on-year. Bulk commodities and long-distance transportation are shifting to more economical and greener methods, significantly reducing trunk line transportation costs.Ukrainian President Zelensky: I have proposed the possibility of holding a trilateral summit to discuss thorny issues.Ukrainian President Zelensky: Ukraine is prepared to respond in kind if Russia agrees.
