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Real-time News
Deutsche Banks European shares fell 5.9% after the bank released its earnings report.July 29th - The national carbon emissions trading market, launched in July 2021, has seen its cumulative transaction volume exceed 62.9 billion yuan as of July 28th this year. It covers four high-emission industries: power generation, steel, cement, and aluminum smelting, accounting for over 65% of my countrys total carbon dioxide emissions. It is projected that by 2027, the national carbon emissions trading market will essentially cover major emitting industries in the industrial sector, expanding its coverage to high-emission industries such as chemicals, petrochemicals, civil aviation, and papermaking. The carbon market is expected to cover approximately 80% of the nations greenhouse gas emissions.According to Fox News: The U.S. Senate continued to advance the Russia sanctions bill today.July 29th, Futures News – According to foreign media reports, Malaysias Ministry of Plantation Industries and Commodities (KPK) anticipates that increasing the biodiesel blending ratio in Peninsular Malaysia and Sabah from B10 to B12 or B15 will reduce diesel consumption by approximately 334,139 tons (386.73 million liters) annually, equivalent to extending the domestic diesel supply cycle by up to 20 days. 1. Strengthening National Energy Security Resilience: KPK points out that increasing the biodiesel blending ratio in the national transportation sector is a proactive measure in the face of geopolitical uncertainties and the global energy crisis. This move will reduce dependence on fossil fuels and enhance Malaysias overall resilience to global energy market supply disruptions and price fluctuations. 2. Idle Capacity Expected to Be Released: Malaysia currently has 20 biodiesel plants with a total capacity sufficient to support B30 blending demand. However, current actual demand is mainly for B10 at gas stations and B7 in some industrial sectors, with most plants not yet operating at full capacity. Increasing the blending ratio will directly improve this situation. 3. Smooth Transition to End-User Status and Long-Term Planning: B15 biodiesel is blended from 15% palm oil methyl ester (PME) and 85% petrochemical diesel, allowing end-users to directly replace B10 fuel without incurring additional costs. The Malaysian government plans to further advance the blending standards to B20, B30, and even B50 in the future.On July 29th, the General Office of the Ministry of Commerce issued a notice on further strengthening the construction of convenient living circles in cities within 15 minutes. The notice states that all regions should accelerate the work, delineate the total number of convenient living circles, specify the annual construction quantity, and, in accordance with relevant plans, complete the established goal of building 10,000 convenient living circles nationwide by 2026, while ensuring quality. All regions should leverage these convenient living circles to carry out diverse and beneficial promotional activities, promoting trendy domestic products, high-quality foreign trade goods, local specialties, and international brands into communities. Exhibition areas and booths should be set up in accordance with laws and regulations to enrich community consumption scenarios. Participants in the home appliance trade-in program and the subsidy policy for purchasing new digital and smart products should be encouraged to hold promotional activities in communities, and production, sales, platform, after-sales service, and recycling companies should be guided to establish convenient service points in communities. Automobile production, distribution, and recycling companies should be encouraged to promote automobile trade-in policies in communities and conduct automobile exhibitions, sales, and test drive activities in communities where conditions permit.
