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The New Energy Vehicle Rural Promotion Service Platform released the 2026 catalog of new energy vehicle models for rural promotion, which includes 155 models.Iranian Foreign Ministry spokesman Bagaei: We need to pay attention to the other sides implementation of the agreement, and also negotiate on the nuclear issue and the lifting of sanctions.On June 18th, the Ministry of Industry and Information Technology and the Ministry of Commerce, together with the National Development and Reform Commission, the Ministry of Agriculture and Rural Affairs, and the National Energy Administration, organized the 2026 New Energy Vehicle Rural Promotion Campaign. The notice proposed strengthening integration with existing brand activities such as the "Thousands of Counties and Towns New Energy Vehicle Consumption Season." It selected a number of typical county-level cities with low new energy vehicle promotion rates but significant market potential to conduct offline special activities, innovatively creating offline experiential consumption scenarios such as vehicle display and test drives. Through live streaming and online consultations, it aimed to attract consumers from surrounding towns and villages to purchase new energy vehicles, thereby radiating and driving the development of offline physical retail. The notice also called for organizing new energy vehicle sales outlets, after-sales maintenance service companies, charging and battery swapping service companies, and insurance, credit, and other financial service companies to collaborate in rural areas, continuously optimizing the supporting environment for new energy vehicle application in rural areas and improving service levels. Finally, it promoted the application of intelligent connected vehicle technology, new charging and battery swapping technologies, integrated photovoltaic-storage-charging systems, and vehicle-to-grid interaction technologies in rural areas.On June 18th, the Ministry of Industry and Information Technology and the Ministry of Commerce, together with the National Development and Reform Commission, the Ministry of Agriculture and Rural Affairs, and the National Energy Administration, organized the 2026 New Energy Vehicle Rural Promotion Campaign. The notice proposes to further promote the trade-in program for automobiles in rural areas. The campaign will establish special trade-in zones, promote subsidy policies, and provide "one-stop" services such as old vehicle inspection, evaluation, and recycling, as well as subsidy application assistance, to further improve awareness and coverage of preferential policies and facilitate participation in subsidies for rural consumers. Rural consumers who trade in their old vehicles for new energy vehicles can apply for automobile trade-in subsidies according to policy requirements, without being subject to any restrictions on the number of subsidy eligibility slots.On June 18th, US President Trump posted a message late at night: "Right now, the United States clearly needs to bring its semiconductor industry back to the American home. We designed everything, and we need to manufacture it in the United States now! So I decided to help Intel because we need to design and manufacture our chips in the United States. First, we brought in Nvidia, who agreed to work with Intel to manufacture their Tier 1 chips. Second, Musk agreed to build his TerraFab, the worlds largest chip factory, designed in collaboration with Intels technical team. Finally, Apple has agreed to work with Intel to design and manufacture its chips in the United States. We decided to help Intel in exchange for a 10% stake. Is that too much or too little? When we made the offer, they were worth about $100 billion. Now they are worth over $600 billion! In nine months, thats increased by over $500 billion. The US stake is now worth over $60 billion. When was the last time a president made money for the United States? Thank you for your attention to this matter!"

Despite the fact that Eurozone interest rates are anticipated to peak sooner, the EUR/GBP looks to have breached over 0.8630

Daniel Rogers

Dec 07, 2022 15:12

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The EUR/GBP pair has had a stronger recovery from 0.8580 during the Asian session, approaching the pivotal 0.8630 level. Despite the European Central Bank (ECB) being close to reaching an interest rate high, there has been strong demand for Euro bulls. Thus, the monetary policy meeting scheduled for next week will be of utmost significance.

 

The cross is attempting to break strongly above the significant barrier of 0.8630 for the fourth time this week. The hawkish remarks made by ECB policymakers are holding back the euro bulls.

 

"There will be another rate hike," said Constantinos Herodotou, governor of the Central Bank of Cyprus, "but we are very near to neutral." The European Central Bank's chief economist, Phillip Lane, is unsure as to whether the inflation peak has already occurred or will take place in 2019. He stated that although "much has already been done," he does not rule out more rate increases.

 

Investors are currently looking forward to Christine Lagarde's speech, which will be revealed on Thursday. The ECB President is likely to lower her inflation projection in her future statement in light of the poor retail sales numbers.

 

In contrast to expectations for a 1.7% loss, this week's Eurozone retail sales numbers showed a 1.8% decline. Aside from that, annual economic data contraction came in at 2.7% as opposed to the 2.6% consensus expectation. A decline in household demand demonstrates the effectiveness of the European Central Bank's (ECB) policy tightening initiatives. To reach their sales targets, firms could feel pressured to lower the prices of their products and services.

 

The United Kingdom's deteriorating food crisis, brought on by growing costs and a labor shortfall, has had an impact on the Pound Sterling. According to Minette Batters, president of the National Farmers Union, "the government and the entire supply chain must act swiftly." The Financial Times stated that "tomorrow might be too late." The economy already faces rising food inflation, and the issue with the supply of food will make matters worse.


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