• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
U.S. Treasury Secretary Bessenter: We will eventually end the Russia-Ukraine conflict.January 25th - For most of the past three years, the so-called "Big Seven"—Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla—have led the stock market rally. However, this trend reversed at the end of 2025 as Wall Street began to question the hundreds of billions of dollars these companies have invested in developing artificial intelligence and when those investments would pay off. An index tracking the Big Seven hit a record high on October 29th, and since then, five of the Big Seven companies have seen their share prices decline and lag behind the S&P 500. During this period, only Alphabet and Amazon, with gains approaching 20%, have maintained their upward trend. Darrell Cronk, Chief Investment Officer of Wells Fargo Wealth and Investment Management, stated, "Tech stocks have become a performance-driven story. If big tech companies continue to deliver strong results, I think money will flow back into the tech sector." Next week, Microsoft, Apple, Tesla, and Meta will release their earnings reports, providing insights into the health of industries ranging from cloud computing and electronics to software and digital advertising.On January 25th, Saudi real estate developers shares saw their biggest gain in four months, boosted by the formal implementation of new regulations allowing foreigners to own a wider range of local real estate assets. On Sunday, the Saudi Stock Exchanges Real Estate Management and Development Index surged 4.5%, with all 17 constituent stocks rising. Mecca Construction and Development Company led the gains with approximately 10%, followed closely by Al-Aqen Real Estate. Fadi Arbid, Founding Partner and Chief Investment Officer of Amwal Capital Partners, stated, "This is a market craving good news. Opening up the real estate market to foreign investment, especially in Mecca and Medina, is clearly a good thing." While specific details regarding foreign ownership rules are scarce, Saudi Arabias latest announcement indicates that the country is moving forward with plans to allow foreigners to own residential, commercial, agricultural, and industrial properties. Under the new law, non-Saudi citizens can also purchase land. As part of efforts to reduce dependence on oil and diversify its economy, Saudi Arabia approved a comprehensive revision of its property ownership law last July, aiming to attract foreign buyers to the Gulf regions largest economy and accelerate necessary infrastructure development.Monday: ① Data: Germanys January IFO Business Climate Index; US November Durable Goods Orders (MoM); US January Dallas Fed Business Activity Index; Chinas December Year-to-Date Power Generation Capacity. ② Events: 200 billion yuan of 1-year Medium-term Lending Facility (MLF) and 158.3 billion yuan of 7-day reverse repos mature today; the China Academy of Information and Communications Technology holds the 2026 "Star Computing & Intelligent Connectivity" Space Computing Power Seminar. ③ Holidays: The Sydney Stock Exchange and the National Stock Exchange of India are closed. Tuesday: ① Data: US November FHFA House Price Index (MoM); US November S&P/CS 20-City Composite Home Price Index (YoY, Unadjusted); US January Conference Board Consumer Confidence Index; US January Richmond Fed Manufacturing Index. ② Earnings Reports: Boeing, General Motors. Wednesday: ① Data: US API crude oil inventories for the week ending January 23; Australias December unadjusted CPI year-on-year rate; Germanys February GfK consumer confidence index; Switzerlands January ZEW investor confidence index; US EIA crude oil inventories for the week ending January 23. ② Events: Bank of Canada releases interest rate decision and monetary policy report. ③ Earnings reports: Meta, Microsoft, Tesla (after market close). Thursday: ① Data: Switzerlands December trade balance; Eurozones January industrial and economic sentiment indices; US initial jobless claims for the week ending January 24; US November trade balance; US November factory orders month-on-month; US November wholesale sales month-on-month; US EIA natural gas inventories for the week ending January 23. ② Events: Federal Reserve FOMC releases interest rate decision; Federal Reserve Chairman Powell holds a monetary policy press conference. ③ Earnings reports: Apple (after market close). Friday: ① Data: Japans December unemployment rate; Frances preliminary Q4 GDP annual rate; Switzerlands January KOF Leading Economic Index; Germanys January seasonally adjusted unemployment figures, Germanys January seasonally adjusted unemployment rate, and Germanys preliminary Q4 unadjusted GDP annual rate; UKs December Bank of England mortgage approvals; Eurozones preliminary Q4 GDP annual rate and Eurozones December unemployment rate; Germanys preliminary January CPI monthly rate; Canadas November GDP monthly rate; US December PPI data and US January Chicago PMI. Saturday: ① Data: US total oil rig count for the week ending January 30; Chinas official January manufacturing PMI. ② Events: 2028 FOMC voting member and St. Louis Fed President Musalaim speaks on the US economy and monetary policy; CFTC releases weekly positioning report.On January 25, local time, Mohshinni Sani, a member of the Iranian Parliaments National Security and Foreign Policy Committee, stated in an interview that the Iranian armed forces have entered a state of full alert in response to the current military deployments of adversaries. Sani emphasized that Iran is continuously monitoring all hostile movements in the region, and the military is "hands on the trigger," ready to respond at any time. In the event of any form of aggression, Iran will launch a fierce counterattack, its strikes encompassing everything from the Strait of Hormuz to all US interests in the region, and its retaliatory measures will exceed the enemys expectations.

Plastic Consumption Is Projected to Nearly Double by 2050, According to Studies

Haiden Holmes

Feb 27, 2023 14:08

微信截图_20230227135413.png


According to research published on Monday, plastic consumption in G20 nations is on track to nearly double by the middle of the 21st century unless a comprehensive and legally binding global treaty to reduce consumption is drafted.


According to Back to Blue, a research group operated by the Economist Impact think-tank and the Nippon Foundation, existing initiatives to increase recycling or reduce single-use plastic consumption have "barely scratched the surface" and a more comprehensive global plan is required.


In Uruguay, the United Nations began negotiations on an agreement to combat plastic pollution in November, with the goal of drafting a legally binding treaty by the end of the following year. 175 countries have joined up for the negotiations.


Nonetheless, if negotiations fail, annual plastic production in G20 nations could reach 451 million tonnes by 2050 based on current development rates, according to Back to Blue - an increase of nearly 75 percent from 2019.


The research group stated, "There should be no illusions that the treaty negotiations will be anything but difficult and treacherous." "The likelihood of failure is high, both in terms of no treaty emerging and a treaty that is insufficient to reverse the plastic tide."


It called for a stricter ban on single-use plastic, as well as increased production taxes and mandatory programs to hold companies accountable for the entire lifecycle of their products, including recycling and disposal.


Back to Blue stated that the combined measures could limit annual consumption to 325 million tonnes by 2050, but that would still be a 25 percent increase from 2019 and the equivalent of 238 million garbage vehicles.


Brazil, the United States, Indonesia, and Turkey are among the G20 countries that have yet to introduce national prohibitions on single-use plastic products, according to the report.