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August 22 - According to Shana, the official website of the Iranian Ministry of Oil, 70% of the repair work on the South Pars Phase 14 natural gas refinery, which was attacked by Israel last June, has been completed. Touraj Dehqani, CEO of Pars Oil and Gas Company, stated that the refinery will be fully operational by the end of this year, and the damaged sections will be fully integrated into the production cycle.On August 22, according to Irans Mehr News Agency, Iranian Defense Ministry spokesman Reza Tarai-nik stated in an interview with Iranian state television that Irans weapons and defense equipment production has doubled in the past year. Tarai-nik said that after the 12-day conflict with the US and Israel last June, Irans overall weapons and defense equipment production doubled, with some strategic equipment prioritized for wartime deployment seeing production more than triple. This directly contradicts claims made by US and Israeli leaders that "Iranian defense production will stagnate."On August 22nd, the Hengqin Guangdong-Macao In-Depth Cooperation Zone achieved a milestone in its departure tax refund business—completing over 1,000 tax refund transactions and driving over 7.3 million yuan in inbound shopping spending, injecting new momentum into the integrated consumption of Hengqin and Macao. Since the official opening of the Hengqin Port departure tax refund service point on July 1st this year, the Cooperation Zone has fully leveraged its geographical advantage of being adjacent to Macao, actively implemented the national departure tax refund 2.0 policy, and launched a series of "low-threshold, high-efficiency, and intelligent" service measures. To date, over 100 departure tax refund shops have been registered in Hengqin and Zhuhai, covering diverse business formats such as digital products, apparel and department stores, and cultural and creative products. Overseas tourists can apply for a tax refund for a single purchase of 200 yuan or more, effectively stimulating inbound consumption.On August 22, Bulgarian Defense Minister Stoyanov told the media that the US KC-135 tanker aircraft formerly stationed at Bezmer Air Base in Bulgaria had left on August 21. Stoyanov further explained that the US tanker aircraft primarily conducted training activities during their deployment in Bulgaria and did not leave NATO airspace. On July 22, the Bulgarian parliament approved the deployment of eight US KC-135 tanker aircraft and 250 US military personnel to Bezmer Air Base in eastern Bulgaria until October 1.August 22nd - Currently, my countrys computing power is growing rapidly, computing equipment is upgrading towards higher energy efficiency, the green transformation of computing carriers is progressing positively, and computing-power collaboration is moving from concept to practice. New models and new business forms such as computing networks, the word economy, and overseas expansion of computing power are becoming new growth engines. The report points out that in terms of the greening of computing equipment, my countrys computing equipment is accelerating its iterative upgrade towards higher energy efficiency. As of the end of June 2026, my countrys intelligent computing power will reach 2185 EFLOPS. New technologies such as liquid cooling, high-speed optical interconnects, and new storage architectures have become essential conditions for the construction of high-density intelligent computing centers, supporting the coordinated development of the computing power industry in terms of scale, performance, and energy efficiency.

Gold Prices Increase in Response to Inflation Fears And Ukraine Concerns

Charlie Brooks

Apr 08, 2022 09:26

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By 2:13 p.m. ET, spot gold XAU= was up 0.5 percent to $1,934.69 per ounce (1812 GMT). Gold futures in the United States increased by 0.8 percent to $1,937.80.


"Once inflation resumes, which I believe it will, it will work in favor of gold, even in the face of the Fed's aggressive monetary policy," Jim Wycoff, senior analyst at Kitco Metals, said.


The Fed's March meeting minutes revealed growing anxiety among officials that inflation had spread across the economy, with "many" members preparing to hike interest rates in large 50-basis-point increments in the coming sessions. 


Rising interest rates in the United States raise the potential cost of bullion holdings while strengthening the currency.


The dollar index =USD eased off a near two-year high reached earlier in the day, while benchmark US 10-year Treasury rates likewise remained around a multi-year high reached on Wednesday. 


Ukraine has increased its requests for crushing financial penalties to compel Moscow to terminate the conflict, while NATO nations have decided to bolster their support for Kyiv. 


Wall Street's major indexes sank for the third consecutive day, as growth stocks extended losses on worries about a more hawkish Federal Reserve and the Ukraine crisis.


Palladium XPD= increased by up to 3.7 percent to about $2,278 per ounce.


"Palladium has historically been quite volatile. Today's focus is on recouping some of yesterday's losses, "Miguel Perez-Santalla, Heraeus Metals Management's head of trading, sales, and marketing in New York, concurred. (Entire Story)


Russia produces between 25% and 30% of the world's palladium, a metal used by manufacturers to decrease pollution from engine exhausts.


Silver XAG= increased 0.6 percent to $24.58 per ounce, while platinum XPT= increased 0.9 percent to $961.53.