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May 6th: Building materials transaction volume was 158,700 tons, an increase of 55.59% compared to the previous trading day. April 30th: Building materials transaction volume was 102,000 tons, a decrease of 20.99% compared to the previous trading day. April 29th: Building materials transaction volume was 129,100 tons, an increase of 11.29% compared to the previous trading day. April 28th: Building materials transaction volume was 116,000 tons, a decrease of 5.77% compared to the previous trading day. April 27th: Building materials transaction volume was 123,100 tons, an increase of 13.77% compared to the previous trading day. Last weeks average: Building materials transaction volume was 120,000 tons.On May 6th, it was reported that during the May Day holiday (May 1st-May 5th), the total number of inter-regional passenger trips in Guangdong Province exceeded 179 million, a year-on-year increase of 9.2%. Specifically, the total number of passenger trips by road was approximately 165.8297 million, with an average daily passenger flow of 33.1659 million, a year-on-year increase of 9.43%. Of these, commercial passenger transport by road reached 10.3502 million, a year-on-year increase of 2.14%; non-commercial passenger trips on expressways and ordinary national and provincial highways reached 155.4794 million, a year-on-year increase of 9.95%. Railway (including provincially operated intercity railways) passenger transport reached 11.257 million, a year-on-year increase of 6.73%. Waterway passenger transport reached 1.0817 million. Of these, the Qiongzhou Strait ferry passenger throughput reached 419,300, and the Pearl River passenger transport reached 128,800. Civil aviation passenger transport reached 1.3264 million.US President Trump: The White House banquet hall is under rapid construction on the east side of the White House. The only reason for the cost change is that, after in-depth studies, the new banquet hall is approximately twice the size of the original plan and far surpasses it in quality.On May 6th, Matt Swannell of ITEM Club stated in a report that the rising activity in the UK services sector has exaggerated the actual strength of the UK economy. The UK services PMI rose to 52.7 in April, up from 50.5 the previous month. However, Swannell noted that weak consumer demand, rising inflation, and sluggish business investment against the backdrop of the energy crisis are expected to drag down economic growth from mid-2026. He pointed out that although economic activity has picked up somewhat, new orders have essentially stalled, while cost pressures continue to intensify. "We believe the Bank of England will weigh the accumulating price pressures against an increasingly fragile labor market and will therefore remain in a wait-and-see mode," Swannell said. He added that market risks are tilting towards a Bank of England rate hike this summer due to persistently high labor costs.White House National Economic Council Director Hassett: Full-year GDP growth is projected at 4%.

Deutsche Bank Won't Fund African Oil Pipeline, Source Claims

Aria Thomas

May 16, 2022 09:50

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A person familiar with the situation stated on Sunday that Deutsche Bank (ETR:DBKGn) is not financing a pipeline in Africa that environmental activists claim will relocate thousands of communities and destroy nature reserves.


The largest financial institution in Germany is under pressure to clarify its position on the funding of the proposed $3.5 billion East African Crude Oil Pipeline (EACOP), which would span over 1,400 kilometers from Uganda to Tanzania.


Deutsche has not commented on the idea despite rising criticism ahead of Thursday's annual shareholder meeting. In the coming days, environmental activist organization 350.org will organize a series of demonstrations.


"Numerous large banks and insurers have already withdrawn from this disastrous scheme. As one of the only large European banks that has not yet withdrawn its support for EACOP, we are intensifying pressure on Deutsche Bank "350.org stated in advance of the planned demonstrations.


The French energy firm Total, which is developing the pipeline alongside China National Offshore Oil Corporation, has stated that it is taking measures to alleviate the project's environmental and human impacts.


Deutsche Bank has branded itself in recent years as a bank that businesses can turn to as they move to a greener future.


Last year, Chief Executive Officer Christian Sewing stated, "We have placed sustainability at the center of our business."


The individual, speaking anonymously, stated that Deutsche Bank has never been engaged in the financing of the project.


Deutsche Bank stated in a statement that it does not comment on its clients but that it "supports the transition to a low-carbon economy" and that its policies bar it from financing projects that deliberately remove primary forests, regions of high conservation importance, and peatlands.


On its website, #The STOPEACOP movement asserts that the pipeline threatens the water supply for millions of people and will cut through areas vital to elephants, lions, and chimpanzees.

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