EUR/USD
1.17685
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Gold
4854.42
1.329%
Oil
82.946
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1.35187
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GBP/JPY
214.355
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Real-time News
According to Iranian media reports on the 18th, the Iranian Civil Aviation Organization announced the reopening of some airspace and several airports in Iran.On April 18, Ukrainian officials stated that Russia launched a nighttime attack in the Odessa region of southern Ukraine, damaging port infrastructure and causing power outages for 380,000 customers in the northern part of the country. Odessa Governor Kippel stated that drones damaged agricultural warehouses, freight yards, and administrative buildings, but there were no casualties. The electricity distribution operator in the Chernihiv region of northern Ukraine also stated that Russian forces attacked an energy facility in the area. According to the Ukrainian Air Force, Russia launched 219 long-range drones during the night.Market news: A Ukrainian drone strike hit the Novokuybyshevsk oil refinery in Russias Samara region, causing a large fire. The refinery is an important oil processing base in the region.Reportedly, one of the first targets of the US-Israeli war against Iran was a pistachio warehouse. The US pistachio industry has benefited from decades of US hardline policy toward Iran.On April 18th, a roundtable meeting of Swiss businesses was held in Bern on April 17th. Ling Ji, Vice Minister of Commerce and Deputy Representative for International Trade Negotiations, chaired the meeting, and Qian Minjian, Chinese Ambassador to Switzerland, delivered a speech. Representatives from 25 companies, including Eymans, Medpace, UBS, Nestlé, Novartis, Glencore, and Sonova, as well as the Swiss-Chinese Economic Association, participated. Ling Ji stated that the implementation of Chinas 15th Five-Year Plan not only provides broad cooperation opportunities for multinational corporations investing in China but also injects stability and certainty into the volatile and complex global economy. He hoped that Swiss companies would combine their advantageous industries, such as biopharmaceuticals, high-end manufacturing, financial services, and R&D innovation, with Chinas complete and efficient supply chain, sound innovation ecosystem, and abundant talent resources to further elevate the Sino-Swiss innovation strategic partnership. Participating company representatives stated that unilateralism and protectionism are currently severely impacting global supply chains. China, adhering to openness and continuously improving its business environment, possesses a highly resilient and dynamic economy. Investing in China is an essential option for companies to enhance their global competitiveness, and strengthening cooperation with China has become a general consensus within the Swiss business community. During the meeting, the Chinese side responded to the concerns of Swiss companies one by one regarding government procurement, localized production of innovative drugs, export controls, intellectual property protection, and supply chain security.
