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On July 30th, at the CDEC Summit Forum held during ChinaJoy, Zhang Yijun, First Vice Chairman of the China Audio-Visual and Digital Publishing Association, released the "China Game Industry Report for January-June 2026". The report shows that in the first half of 2026, the actual sales revenue of the domestic game market reached 188.45 billion yuan, a year-on-year increase of 12.17%. As of June, the number of game users in my country reached 684 million, a year-on-year increase of 0.82%. In terms of overseas game exports, my country continued to maintain high growth, with the actual sales revenue of self-developed games in overseas markets reaching US$12.372 billion in the first half of the year, a year-on-year increase of 30.2%. Meanwhile, mini-games also showed impressive growth, with the revenue of mini-program mobile games reaching 31.66 billion yuan in the first half of the year, a year-on-year increase of approximately 36%. Zhang Yijun mentioned that the game industry saw significant growth in scale in the first half of the year, with AI technology fully penetrating the market and the game economy becoming increasingly robust.On July 30th, media outlets reported that several users had experienced unusual spending on their Meituan accounts. Meituan confirmed that after thorough investigation, these users were highly likely victims of a new type of telecom fraud. Meituan is actively cooperating with the police investigation and has taken various measures to ensure user account security. Meituan (03690.HK) stated that, according to multiple investigations, the modus operandi in this incident is highly consistent: criminals use lures such as "brushing orders for rebates" and "high commissions" to send users links containing Trojan programs. Once a user clicks on the link, their phone is remotely controlled. The criminals then use the users identity to purchase popular restaurant vouchers and scenic spot package tickets in bulk on Meituan, and then quickly resell them for cash through online second-hand platforms, profiting from this. It is understood that public security organs in multiple locations have opened investigations into related cases. Meituan is actively cooperating with the police by providing complete data such as account login logs, order details, and transaction records to assist in tracing the criminal gang. In response to this new type of crime, Meituan stated that it has continuously upgraded its risk control strategies.On July 30th, the worlds largest diameter high-speed rail tunnel boring machine, independently developed by my country, successfully traversed the Yangtze River, marking the completion of the tunnels waterway section. Once operational, the Chongtai Yangtze River Tunnel will end the history of Chongming Island, my countrys third largest island, being without high-speed rail access.U.S. Central Command: There are currently more than 50,000 U.S. troops deployed in the Middle East, maintaining a high level of vigilance and ready to fight at any time.Samsung Electronics: It has received approximately one-quarter of the advance payments for long-term service agreements.

The EU's Ban on Russian Oil And The End of Shanghai's Lockdown Push up Oil Prices A Little

Charlie Brooks

Jun 01, 2022 14:53

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Oil prices inch higher on Wednesday after European Union leaders agreed to a partial and phased ban on Russian oil and China lifted its COVID-19 quarantine of Shanghai.


At 06:05 GMT, Brent crude for August delivery increased 35 cents, or 0.3%, to $115.95 a barrel. The contract closed Tuesday with a loss of 1.7%.


On Tuesday, the Brent contract for July delivery expired at $122.84 per barrel, an increase of 1 percent.


West Texas Intermediate (WTI) crude increased by 37 cents, or 0.3%, to $115.04 a barrel.


Both benchmarks closed May with gains, marking the sixth consecutive month of price increases.


EU leaders agreed in principle on Monday to reduce oil imports from Russia by 90 percent by the end of the year, the bloc's heaviest sanctions against Moscow since the invasion of Ukraine three months ago, which Moscow calls a "special military operation."


Once completely implemented, sanctions on crude will be implemented over a period of six months and on refined products over a period of eight. As a concession to Hungary and two other landlocked Central European countries, the embargo exempts Russian oil transported by pipeline.


After two months, Shanghai's severe COVID-19 lockdown was lifted on Wednesday, triggering predictions of a rise in fuel consumption in China.


Reports that some producers were considering terminating Russia's involvement in an OPEC+ output pact, a grouping of Organization of the Petroleum Exporting Countries members and allies, on the premise that such a move would boost supply, capped gains.


The prospective exemption of Russia from the output deal by OPEC is the greater issue, according to Jeffrey Halley, senior market analyst at OANDA.


The Wall Street Journal, quoting OPEC delegates, stated that while there was no explicit push for OPEC countries to pump extra oil to compensate for any prospective Russian deficit, several Gulf members had begun planning for an output rise in the coming months.


Stephen Innes, managing partner at SPI Asset Management, wrote in a note: "The assumption of extra supply entering the market, even after excluding Russia, could be fueling a portion of this sell-off as oil lost its post-EU embargo bounce."


U.S. crude oil output increased by more than 3 percent in March to its highest level since November, according to a report released Tuesday by the U.S. Energy Information Administration.


On Thursday, the U.S. government was due to release stockpile data. In a Reuters survey, analysts predicted that U.S. crude oil inventories would decline last week, but gasoline and distillate inventories would increase.

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