Mercedes-Benz to cut costs by 5 billion euros by 2027
Recently, according to media reports, Mercedes-Benz has set a savings plan, aiming to reduce costs by 5 billion euros (about 380.7 billion yuan) by 2027, and plans to achieve half of this goal by the end of 2025.
According to reports, Mercedes-Benz plans to implement large-scale layoffs, which may be as high as 20,000 people, and is expected to affect multiple departments and regional branches of the company. Globally, its layoffs may exceed 10,000 people, including management personnel.
In addition to the layoff plan, Mercedes-Benz will also close inefficient factories, improve the utilization rate of existing factories and optimize the supply chain to further reduce costs and improve efficiency.
02-191.77w
Mercedes Benz/layoffs
Trump's heavy attack! A tariff of about 25% will be imposed on imported cars
Recently, according to media reports, on February 18, local time, US President Trump said that he would impose a tariff of about 25% on imported cars, and he would make more statements on this topic on April 2.
Trump said on the 14th that he might impose tariffs on imported cars on April 2. Trump has not yet disclosed more details of this tariff plan, but he believes that American exported cars have been treated unfairly in foreign markets for a long time.
According to experts, this move by the United States is a manifestation of trade protectionism, which will cause huge losses to both the United States and its trading partners.
02-191.77w
Trump/tariff
Trump: Musk has been instructed to review Department of Defense and Education Department spending
On February 9, local time, U.S. President Trump said in an interview that he had instructed the Department of Government Efficiency team led by Elon Musk to review the expenditures of the U.S. Department of Defense and the Department of Education.
According to the report, Trump said in the interview that Musk has been a trusted ally in fulfilling his promise to cut red tape. Trump said, "People want me to find it (wasteful spending)," and Elon Musk has given me a lot of help. He is very good. "
In addition, Trump also said: "Then we go and look at the military. Let's go and check the military, and we will find billions, hundreds of billions of dollars of fraud and abuse, and people elected me because of that."
02-102.17w
Trump/Elon Musk
New upgrade of tariff policy! Trump will announce an additional 25% tariff on steel and aluminum products
According to US media reports, US President Trump said that he will announce a 25% tariff on all steel and aluminum imported into the United States on the 10th. According to the report, this new tariff will be added to the existing metal tariffs, marking another "major escalation" of Trump's trade policy.
According to reports, Trump imposed a 25% tariff on steel and a 10% tariff on aluminum during his first term, but later gave duty-free quotas to several trading partners such as Canada, Mexico and Brazil. Former President Biden expanded these quotas to the United Kingdom, Japan and the European Union on this basis.
The largest steel importers to the United States are Canada, Brazil and Mexico, followed by South Korea and Vietnam, according to data from the U.S. government and the International Steel Association.
02-102.18w
tariff/Trump
Nissan-Honda merger talks fail, Foxconn becomes potential partner
On February 7, according to media reports, people familiar with the matter said that after the collapse of merger negotiations with Honda Motor, Nissan Motor is open to cooperation with new partners, and one of the potential partners is Foxconn.
It is reported that at the end of 2024, there were media reports that Hon Hai Group, the parent company of Foxconn Technology Group, was trying to contact Nissan Motor and acquire its controlling stake. Hon Hai Group not only hoped to acquire Nissan's factories and equipment, but also planned to acquire Nissan's entire business. This also led to Honda Motor to accelerate the progress of discussing the establishment of an alliance with Nissan.
02-072.22w
Foxconn/Honda/Nissan
Android accounts for 69% of the Chinese market, and Google will face antitrust investigations
On February 4, China’s State Administration for Market Regulation announced the launch of an antitrust investigation into Google. Market analysis pointed out that the scope of the investigation may cover core businesses such as the Android operating system and Google service framework, with a focus on examining its cooperation conditions with Chinese companies and market competition behaviors.
Data shows that Android system dominates the Chinese smartphone market, with a market share of 69% in the third quarter of 2024, far exceeding Hongmeng system’s 17% and iOS’s 14%.
Previously, Google had encountered multiple rounds of antitrust investigations in the EU, and had been fined a total of more than 8 billion euros. This time, China's regulatory authorities may focus on examining whether it abuses its market dominance and eliminates competition in areas such as operating systems and application distribution.
02-052.24w
Google/Google Pay
Honda, Nissan may give up on merger! Tokyo Exchange suspends trading in Nissan shares
On February 5, according to Japanese media reports, Honda and Nissan may terminate merger negotiations. The two parties originally planned to integrate through a holding company, but failed to reach an agreement on the integration ratio and other conditions.
According to previous reports, Honda has approached Nissan to discuss incorporating it into a subsidiary due to lagging behind in the reorganization plan, but Nissan is strongly opposed to this idea.
At present, Nissan and Honda have not officially expressed their stance on stopping the merger. In addition, the official website of the Tokyo Stock Exchange announced on the 5th that in order to confirm the authenticity of the news that Honda and Nissan have stopped their merger, trading in Nissan Motor shares will be suspended from 14:49 local time.
02-052.23w
Honda/Nissan
Focusing on the Southeast Asian market, Mitsubishi Motors may give up participating in the merger of Honda and Nissan
Recently, according to media reports, Mitsubishi Motors is considering giving up joining the business merger being promoted by Honda and Nissan Motors. Honda and Nissan plan to set up a holding company and join them, but Mitsubishi Motors does not intend to join, and will strive to strengthen cooperation with the two companies while maintaining an independent listing.
People familiar with the matter revealed that Mitsubishi is most worried not about the burden brought by the merger, but about its voice being drowned out by the company dominated by Honda and Nissan. Mitsubishi Motors still hopes to maintain flexible business decision-making power to further expand its market share in Southeast Asia.
01-272.30w
Nissan/Honda/Mitsubishi Motors
抗议无理加税!比亚迪、吉利、上汽因电动汽车关税起诉欧盟
01-272.33w
比亚迪汽车/欧盟委员会/吉利汽车
Is Nissan on the verge of bankruptcy? Dongfeng Nissan executives say: Cash on hand is enough for Xiaomi to build cars twice
Recently, in response to the recent rumors of "Nissan bankruptcy", Liu Xinyu, general manager of Dongfeng Nissan Sales Company, responded strongly on his personal social media: I opened my eyes and saw that there was still 63 billion yuan on the books, which was equivalent to Xiaomi's investment in car manufacturing twice.
From the picture of the content released by Liu Xinyu, we can see that Nissan currently has 1.36 trillion yen in cash on the books, which is about 63 billion yuan. He also compared it with the three new car-making forces of Xiaopeng, Weilai and Ideal. Xiaopeng, Weilai and Ideal have cash reserves of 36.5 billion, 57.3 billion and 91.3 billion respectively. From the perspective of scale, Nissan's capital reserves are still in the first echelon.
The fuse that triggered the rumors of "Nissan bankruptcy" was Nissan's financial report last quarter. The financial report shows that from April to September 2024, Nissan's net profit was 19.2 billion yen (about 900 million yuan), a year-on-year decline of 94%. In the third quarter of last year, net profit turned from profit to loss, with a loss of 9.3 billion yen in a single quarter.
01-232.35w
Nissan
UltraViolet Computer dipped a wild 34%! U.S. Chip Stocks Plunge Across the Board
The U.S. stock market once again experienced severe shocks. Among them, the share price of Ultramicro Computer (AMD) plunged more than 30%, and finally closed down 32.68%, setting a major focus event in the market in the near future. This plunge triggered widespread market attention and investor panic.
As a giant in the semiconductor industry, the collapse of Ultramicro Computer's share price not only reflects the company's own management problems, but also reveals the strict requirements and high volatility of the current market environment for companies. The incident not only raised investors doubts about the financial health of ultramicro computers, but also raised systemic concerns about the entire technology sector.
At the critical moment of the U.S. stock earnings season, many technology and health care stocks frequently burst into "thunder", which severely damaged investor confidence. In addition to ultramicro computers, chip maker AMD's shares also fell more than 10%, as its fourth-quarter revenue guidance failed to satisfy investors.
2024-10-312.79w
AMD/投资/科技
Google fined 35 figures by Russia $2000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000
The Russian government's fine on Google has reached approximately 20000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000
Google lost the case in 2020 over its video platform YouTube blocking multiple Russian media accounts. Since then, Google has been fined 100,000 rubles per day. Legal professionals told TASS that if the fine is not paid within nine months, the amount of the fine will double every day with no upper limit. Only by abiding by the court's decision can Google return to the Russian market. This number far exceeds Google's own market value.
2024-10-312.85w
俄罗斯/罚款/谷歌
Lenovo Sues ZTE Overseas, ZTE Responds: Hard to Understand but Respectful
On October 21, Lenovo filed a patent lawsuit against ZTE in the High Court of England and Wales with the case number HP-2024-000038. According to media reports, the plaintiffs in this lawsuit include Lenovo Group Co., Ltd., Lenovo Technology (UK) Co., Ltd., Motorola Mobility UK Co., Ltd., and Lenovo Innovation Co., Ltd.(Hong Kong). The defendants include ZTE Corporation, ZTE Corporation (UK) Limited, Nubia Technology Co., Ltd., Gamegeek Co., Ltd., Livewire Telecom Co., Ltd., and EFones.Com Co., Ltd.
ZTE responded positively on the morning of October 30 to Lenovo's patent lawsuit against itself. They stated that they have always respected any company's legal measures within the legal framework, but they very regretted Lenovo's behavior. After all, the two sides have been negotiating on patent licensing issues for many years, during which time ZTE has always had goodwill and hoped that the two sides can resolve the dispute in an efficient and reasonable way. As for Lenovo's travel to the UK to prosecute itself this time, ZTE's attitude can be summarized as "not understanding but respecting".
2024-10-312.85w
专利/中兴通讯/联想
Domestic arithmetic is soaring. Big news from Huawei.
Scientific and technological themes continue to soar, and concepts such as mass spectrometry AI, AI mobile phones and PCs, flying cars, and mixed reality are rising in batches. Individual stocks set off a daily limit, with Xingxing Technology, Doushen Education, Jianxin and other stocks trading at a daily limit of 20cm, and many stocks such as Infront Micro, Bird, and Yanhua Intelligent trading at a daily limit.
Domestic computing power has soared sharply, and stocks such as Guangxun Technology, Tongfang, and China Great Wall have gone up daily. On the news front, domestic CPO leaders Guangxun Technology and Huagong Technology released their third quarterly reports yesterday and their performance soared, which was verified by the high prosperity of the domestic computing power industry chain.
2024-10-312.80w
AI/ai
Huawei's native Hongmeng OS is officially released 1 billion devices have accessed it
On October 22, China's first domestically produced mobile operating system-Huawei's native Hongmeng operating system was officially released. This is the world's third largest mobile operating system after Apple's iOS and Android systems.
The bases of the native Hongmeng operating system are all self-developed, allowing China to get rid of its dependence on the kernel for the first time, realize the independent controllability of the domestic operating system, and are among the forefront of the industry in terms of battery life, security and privacy protection.
At present, Hongmeng System Ecological Equipment has exceeded 1 billion units, and the number of registered developers has reached 6.75 million.
2024-10-242.83w
中国/华为
Fed-heavy CME, “Fed Watch” forecasts
The Federal Reserve released a national economic situation survey report (also known as the "Beige Book"). The report showed that U.S. economic activity remained stagnant from September to early October, and the number of corporate recruiters increased. The "Beige Book" affirmed the results of the Federal Reserve's fight against inflation, saying that inflationary pressures in the United States continue to ease.
According to CME's "Federal Reserve Observation"
The probability that the Fed will drop 25 basis points by November is 93%
The probability of keeping current interest rates unchanged is 7%;
The probability of keeping current interest rates unchanged by December is 2.1%
The cumulative probability of cutting interest rates by 25 basis points is 32.6%
The cumulative probability of cutting interest rates by 50 basis points is 65.4%
The probability of a cumulative interest rate cut of 75 basis points is 0%
2024-10-242.83w
经济/美国/美联储
“Interest rate cut storm” is coming! The Bank of Canada has announced a 50 basis point cut in interest rates!
The Bank of Canada announced a 50 basis point rate cut to reduce the benchmark interest rate from 4.25% to 3.75%. This is the fourth consecutive time the Bank of Canada has cut interest rates, and has cut interest rates by 25 basis points three times previously.
Perhaps the main reason for the Bank of Canada's sudden sharp interest rate cut is that the downside risks to the Canadian economy are increasing. Previously, many institutions believed that the Bank of Canada would further cut interest rates to prevent the economic weakness from continuing into 2025, and it is expected to cut interest rates by another 50 basis points in December.
The Bank of Canada said that the timing and pace of future interest rate cuts will be guided by upcoming data, reiterating that if the economy develops in line with expectations, further interest rates may be cut significantly. The aim is to boost economic growth and keep inflation near 2%. Slowing business/consumer spending is the biggest downside risk under CPI.
2024-10-242.79w
央行/经济/降息
China and Pakistan Central Banks Renew Bilateral Local Currency Swap Agreement
It was learned from the People's Bank of China that the People's Bank of China and the State Bank of Pakistan recently renewed a bilateral local currency swap agreement, with a swap scale of 30 billion yuan/1.180 billion Pakistan rupees. The agreement is valid for three years and can be extended with the consent of both parties.
The People's Bank of China said that the renewal of the bilateral currency swap agreement between China and Pakistan will help strengthen financial cooperation between the two countries, expand the use of local currencies between China and Pakistan, and promote bilateral trade and investment facilitation.
2024-10-182.75w
中国/银行
Russia announces: 33 countries to participate in BRICS summit in Kazan
Shamil Gafarov, Deputy Prime Minister and Director of the Cabinet Office of the Republic of Tatarstan of Russia, said that 33 countries have confirmed their participation in the Kazan BRICS Summit, of which 24 countries participated at the first-hand level.
Gavarov said at a press conference of the government of the Republic: "More than 30 countries have confirmed their participation-24 countries are at the first-hand level, 9 countries are at the second-hand and third-hand level... There are also 6 international organizations and UN Secretary-General Guterres."
International organizations attending the summit include the Eurasian Economic Mission, the Commonwealth of Independent States, the Shanghai Cooperation Organization, the Russia-Belarusian State Union, and the New Development Bank.
Gavarov emphasized: "Not only Tatarstan, but even Russia has never received a delegation of this size." He also mentioned that preparations for the summit began a year and a half ago, and Rustam Minnihanov, the Chief Executive of the Republic of Tatarstan, has been leading the preparations.
The BRICS countries are an inter-state alliance established in 2006 by Russia, China, India and Brazil, and South Africa joined in 2011. Russia will hold the rotating chair of the organization from January 1, 2024. Starting from the beginning of 2024, Egypt, Ethiopia, Iran, United Arab Emirates and Saudi Arabia have joined the BRICS countries.
Within the framework of Russia's presidency, the BRICS Summit to be held in Kazan from October 22 to 24 with the participation of national leaders.
2024-10-182.76w
俄罗斯
North Korea confirms complete closure of roads and railroads linking southern border with South Korea
North Korea's Ministry of Defense reported on October 17 that North Korea has completely closed the roads and railways connecting South Korea in the southern border area.
According to information released by a spokesman for the Ministry of Defense of North Korea, at noon on the 15th, North Korea completely closed the roads and railways in the Ganhuri area of Gaocheng County, Gangwon Province, and the roads and railways in the Dongneili area of Banmen District, Kaicheng City, by blasting.
Reports said that North Korea took blasting measures to physically completely cut off the roads and railways on the North Korean side connected to South Korea. This is a legal measure taken by North Korea in accordance with North Korea's constitutional requirements that "define South Korea as a complete hostile country" and the serious security environment where serious political and military provocations by hostile forces have caused war to be imminent.
A spokesman for the Ministry of Land, Infrastructure and Environmental Protection of North Korea said that the blasting had no negative impact on the surrounding ecological environment, and the connecting channel between North Korea and South Korea has been completely separated since then.
A spokesman for North Korea's Defense Ministry said that North Korea will continue to take measures to permanently fortify the closed southern border.
2024-10-182.86w
韩国
PFAS exceeds the standard by 420 times! Water bodies in many parts of Japan are seriously polluted! Where's the biggest source of pollution?
After an organic fluorine compound content was detected in groundwater in Sezu City, Osaka Prefecture, Japan by more than 400 times, local civil society organizations organized blood tests for more than a thousand nearby residents. Survey results released not long ago showed that about 30% of the subjects had excessive levels of perfluorinated and polyfluoroalkyl substances (PFAS) in their blood.
It is understood that PFAS is difficult to degrade and accumulates in the environment and human body. It is called a "permanent chemical". In 2023, the International Agency for Research on Cancer, a subsidiary of the World Health Organization, listed one of the representative substances, perfluorooctanoic acid (PFOA), as a carcinogen, and another representative substance, perfluorooctane sulfonic acid (PFOS), as a possible carcinogen.
A water quality survey last year showed that the PFAS content in groundwater in a place in Sezu City, Osaka Prefecture reached 420 times that of Japan's provisional national standard. After more than 30 nearby residents were found to have abnormal blood tests at the end of last year, a non-governmental group decided to expand the scope of testing and conduct blood tests on more than a thousand residents. The results showed that about 30% of the 1190 residents in Osaka Prefecture and Hyogo Prefecture who received blood tests had excessive PFAS levels in their blood. The group asked the Japanese central government to conduct free blood tests for residents and take corresponding countermeasures.
2024-10-162.77w
日本
Indian stocks hit by major foreign sell-off! Indian rupee exchange rate plummets! Money flowing to China?
On October 15, preliminary data released by the National Stock Exchange of India showed that on October 14, foreign investors sold 37.316 billion Indian rupees (approximately RMB 3.15 billion) of shares.
Due to concerns about the withdrawal of a large amount of foreign funds from the Indian stock market, the exchange rate of the Indian rupee continued to fall, and the exchange rate of the Indian rupee against the US dollar once fell to a record low.
2024-10-162.85w
印度/股市/股票
Shocking! U.S. spying on the world
On April 15 this year, China's National Computer Virus Emergency Response Center and other agencies jointly released a special report to conduct a traceability analysis of the true source of the so-called "Typhoon Volt" hacker organization by the United States, revealing the organization's extortion virus criminal gang. The true face and the behind-the-scenes truth behind the United States 'hype against China.
Recently, China's cybersecurity agency released another special report showing that through a comprehensive analysis of the evidence available and the latest investigation results, the joint technical team comprehensively reviewed the "Typhoon Volt" false narrative action plan planned and implemented by U.S. government agencies, exposing the U.S. The true intention of smearing China.
According to a special report released by China's cybersecurity agency, the "Typhoon Volt" false narrative action plan planned and implemented by U.S. government agencies began at least in early 2023. Its purpose is to extend Section 702 of the U.S. Foreign Intelligence Surveillance Act for the long term. It also provides excuses for the United States to carry out cyber attacks on other countries.
2024-10-162.79w
美国
Escalating Conflict? Iran announces it is considering withdrawing from the Treaty on the Non-Proliferation of Nuclear Weapons
On October 9, Borujdi, a member of the National Security and Foreign Policy Committee of the Iranian Parliament, said that Iran was considering withdrawing from the Treaty on the Non-Proliferation of Nuclear Weapons and that the matter was currently under serious debate in Parliament.。There have been media reports that Iran's defense doctrine prohibits the manufacture of nuclear weapons, but in light of the Israeli attack, 839 Iranian lawmakers have called for a quick push to develop nuclear weapons.。
2024-10-142.73w
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