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According to a report on the website of Fortune magazine on the 24th, billionaire Elon Musk said in an interview with the media on the 22nd that he would not contribute US$45 million a month to support former President Trump's election, but he has A new super political action committee was established to fund the Republican candidate.

Reference News Network

The Bank of Canada announced on the 24th that it would cut the benchmark interest rate, the overnight lending rate, by another 25 basis points, from 4.75% to 4.5%. The Central Bank of Canada believes that overall inflationary pressures in the country are easing.

(CNS)

Preliminary accounting data released by the Bank of Korea on the 25th showed that South Korea's real gross domestic product (GDP) fell 0.2% month-on-month in the second quarter of this year. This is the first time that South Korea's GDP has experienced negative month-on-month growth after one year and six months after the fourth quarter of 2022 (-0.5%).

Yicai Global

Data released by the Mortgage Bankers Association on the 24th showed that in the week ended July 19, the contractual interest rate on 30-year fixed-rate mortgages fell 5 basis points to 6.82%. Mortgage applications for home purchases fell 4% to the lowest level since the end of May.

Yicai Global

Baosteel Co., Ltd. issued an announcement on the 25th, and the board of directors approved the "Proposal on Reviewing and Investing in the Construction of Saudi Heavy Plate Projects." The company's investment plan and financing plan for the Saudi thick plate project have undergone major changes. The adjusted plan is as follows:Baosteel has jointly established the Saudi Heavy Plate Company with Saudi Arabia National Oil Company and Saudi Public Investment Fund to jointly invest in the construction and operation of Saudi Heavy Plate projects. The total investment of the project is US$4.543 billion.

Yicai Global

CNOOC announced on the 25th that CNOOC and Abu Dhabi National Oil Company formally signed a strategic cooperation agreement. The two parties agreed to deepen cooperation in oil and gas exploration and development, upstream services and engineering construction, liquefied natural gas, crude oil trade, new energy and low-carbon development. Deepen cooperation in other fields.

(Interface News)

Industry data released on the 25th showed that UK car production fell for the fourth consecutive month in June as more and more manufacturers eliminated old models and switched to electric vehicles. The British Automobile Manufacturers and Traders Association said a total of 62231 vehicles rolled off the production line in June, a year-on-year decrease of 26.6%.

(Sina Finance)

The Federation of Thai Industries released data on the 25th. Thailand's domestic automobile sales in June were 47662 units. In the first half of the year, domestic automobile sales fell 24.2% year-on-year to 308027 units.

(Interface News)

A court document on the 24th showed that the U.S. Department of Justice said it and Boeing had finalized the details of a plea agreement for a $243.6 million fine. The agreement mentioned that Boeing admitted to cheating the FAA in dishonest ways. In addition to paying the fine, Boeing's board of directors must hold a meeting with the victims 'families and their legal representatives within four months from the date of the verdict.

(CCTV News)

Ferrari announced on the 24th that its European dealers will start accepting cryptocurrencies as a payment system from the end of July. It is working with multiple companies in the cryptocurrency payments space to develop its system that will make it easier for dealers to accept payments, will allow verification of funding sources, and protect transactions from exchange-related price fluctuations.

(Interface News)

Text/Bi Ruolin

Editor/Luan Guozhen

Visual / Guo Xiaoxi

Review/Sun Nan

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