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On August 19th, Xin Guobin, Vice Minister of the Ministry of Industry and Information Technology, stated at the opening ceremony of the 2026 World Robot Conference that the operating revenue of large-scale robotics enterprises will exceed 300 billion yuan by 2025, with an average annual growth rate of over 20% in the past five years. In the first half of this year, revenue reached 165.5 billion yuan, a year-on-year increase of 24.5%. Robotics technology and products have been widely applied in all aspects of national economic and social development, becoming an important force driving high-quality development. The Ministry of Industry and Information Technology will focus on key industries with broad application space and strong demonstration effects, such as agriculture, healthcare, elderly care, and emergency response, and will organize categorized collaborative research and development between industry and application, conduct on-site application verification, and promote mature scenarios to accelerate the iteration and upgrading of new technologies and products through large-scale application in new scenarios.According to the official measurement of the China Earthquake Networks Center, a 3.7-magnitude earthquake occurred at 13:22 on August 19 in Haixi Prefecture, Qinghai Province (37.84 degrees north latitude, 95.62 degrees east longitude), with a focal depth of 10 kilometers.On August 19, 2026, Wang Yi, member of the Political Bureau of the CPC Central Committee and Foreign Minister, held talks with Chilean Foreign Minister Pérez in Beijing. Wang Yi stated that China and Chile should maintain exchanges at all levels, consolidate high-level mutual trust, and continue to support each other on issues involving their core interests. China is willing to deepen cooperation with Chile around the APEC "Year of China" and accelerate the construction of the Asia-Pacific Community and the Asia-Pacific Free Trade Area. Both sides should strengthen the alignment of development strategies, steadily advance existing cooperation projects, further explore the potential for cooperation in areas such as artificial intelligence and the digital economy, and promote the upgrading of cooperation. They should enhance communication and collaboration, jointly advocate and practice genuine multilateralism, safeguard the international system with the United Nations at its core, play a constructive role in world peace and development, and promote the building of a community with a shared future for mankind.According to Al Arabiya TV: Iranian Parliament Speaker Qalibaf has arrived in Baghdad and will meet with Iraqi officials.On August 19th, the Zhuque-3 reusable launch vehicle successfully sent the "Honghu 03" satellite into its predetermined orbit from the Dongfeng Commercial Aerospace Innovation Test Zone, and also completed my countrys first-ever land-based recovery of the first stage landing gear of a launch vehicle. More than 1,000 kilometers from the launch site in Yizhuang, Beijing, the nations first open commercial aerospace tracking, telemetry, and command (TT&C) sharing platform—the Beijing Rocket Street Commercial Aerospace Intelligent TT&C Center—was officially launched that day, and conducted full-process tracking and control of the satellite and launch vehicle for this historic launch mission, achieving "Yizhuang rocket, Yizhuang satellite, Yizhuang TT&C."

Two Trades to Watch: DAX, GBP/USD

Jimmy Khan

May 07, 2022 10:43


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The DAX is falling as industrial output declines.


After a slaughter on Wall Street that saw the Nasdaq finsh 5% down, European equities have begun in the red, extending losses from the previous day.


Fears of inflation, stagflation, and recession are weighing on the market as we approach the weekend. The DAX is expected to shed 1.4 percent this week, marking the fifth consecutive week of losses.


In March, German industrial output decreased -3.9 percent on a month-over-month basis, down from 0.2 percent in February and considerably below the -1 percent drop forecast. The negative report comes on the heels of a sharp drop in German manufacturing orders in March. The data represents the economic effect of the Russian conflict on Germany and the Eurozone as a whole.


Germany does not have any additional statistics due today. Sentiment and the US NFP announcement will affect European indexes.