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Polish Armed Forces: Poland suspended fighter jet flights due to Russias attack on Ukraine; no airspace violations were recorded.July 2nd - Three mandatory national standards for the photovoltaic (PV) industry were officially approved and released today. These standards establish rigid energy consumption and efficiency constraints across the entire PV industry chain, from silicon materials and wafers to PV modules and inverters. By standardizing these standards, the green management system of the PV industry chain is improved, providing institutional support for the high-quality development of the new energy industry. The Ministry of Industry and Information Technology, in conjunction with the National Development and Reform Commission and the State Administration for Market Regulation, released three mandatory national standards for PV energy consumption and efficiency: "Energy Consumption Limits per Unit Product of Monocrystalline Silicon," "Energy Efficiency Limits and Energy Efficiency Grades for Crystalline Silicon PV Modules and Inverters," and "Energy Consumption Limits per Unit Product of Polycrystalline Silicon and Germanium." These standards cover key links in the PV industry chain, including polycrystalline silicon, wafers, modules, and inverters. They set energy consumption and efficiency indicators for relevant products at different levels, strictly controlling high-energy-consuming and inefficient production capacity at each stage. For modules, the standards innovatively incorporate the coupling environment stress attenuation rate evaluation index. Next, relevant industry organizations will accelerate the dissemination, interpretation, and implementation of these standards to solidify my countrys global competitiveness in the PV industry and support the green and low-carbon transformation of energy and the achievement of "dual-carbon" goals.SK Hynix announced on Thursday that it plans to invest 80 trillion won (approximately US$51.46 billion) to build a new NAND flash memory chip factory, expected to begin operations in 2029, to address the memory chip shortage driven by the AI boom. According to the plan announced at an event attended by the companys CEO and South Korean President Lee Jae-myung, the CEO stated that SK Hynix plans to begin construction of the new factorys M17 phase in Cheongju, South Korea, next year. In addition, the chipmaker plans to invest another 20 trillion won to build a chip packaging plant in Cheongju, expected to be completed by the end of 2027.July 2nd - Market research firm CounterPoint Research predicts that after the launch of Apples first foldable phone, it will capture 29% of global foldable phone screen shipments in 2026.July 2nd - Tencent Wealth Managements current account + 7-day annualized yield ranges from a high of 1.0630% to a low of 0.7850%, WeChat Pays 7-day annualized yield ranges from a high of 1.0070% to a low of 0.9750%, and Alipays Yuebaos 7-day annualized yield ranges from a high of 1.0220% to a low of 1.0010%.

Visa Names Insider As the New Chief Executive Officer, Ryan McInerney

Charlie Brooks

Nov 18, 2022 11:41

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Ryan McInerney, an insider, has been nominated as the new chief executive officer of Visa Inc., effective February 1.


McInerney, the payments giant's current president, succeeds Alfred Kelly Jr., who has served as CEO since 2016.


The leadership transfer occurs at a challenging time for the payments industry, as analysts expect impending headwinds from soaring inflation, which has reduced purchasing power and fueled fears of a major economic downturn.


Following the shift, Kelly, who has served as Visa's since 2019, will assume the post of executive chairman of the board.


Kelly's tenure coincided with the growth of financial technology companies and digital lenders, which posed strong threats to traditional businesses like Visa.


Following Charles Scharf's retirement, Kelly, a former president of rival American Express Co (NYSE:AXP), gained management of Visa. Scharf later became the CEO of Bank of New York Mellon Corporation (NYSE:BK) and is now the CEO of Wells Fargo & Company (NYSE:WFC).


Visa revealed quarterly earnings that were beyond forecasts last month as more Americans took advantage of a stronger dollar to venture abroad and spend lavishly on shopping and leisure.


The shares of the largest payments processor in the world have outpaced the S&P 500 Index as of the most recent market close.