In the context of the Federal Reserve's interest rate hike, the US economy has shown remarkable resilience, and one factor that cannot be ignored is the spending power of the elderly. According to the Labor Department's Consumer Spending Survey released in September, Americans 65 and older accounted for 22% of spending last year, the highest share since records began in 1972. This group's improved quality of life and longer life span have made their spending power ... 阅读全文

The latest forecast report released by the World Trade Organization (WTO) in Geneva recently shows that due to the continued downturn in global trade beginning in the fourth quarter of 2022, WTO economists' forecast for the growth of global trade in goods in 2023 has been sharply reduced, directly "cutting" the growth scale of global trade in goods this year. However, economists also predict that the volume of global trade in goods will increase sharply again in 2 ...

The average age of Vietnam is 30 to 35 years old, which is relatively young, but on the other hand, the phenomenon of aging of young children is increasing. According to the World Bank, 8.95 million people aged 65 or older will be living in Vietnam in 2022, an increase of 53 percent from 2012. The proportion of people over 65 years old in the total population increased from 7% in 2012 to 9% in 2022. Influenced by the Vietnamese government's population policy and e ... 阅读全文

"Japan's international standing is declining. In 2012, Japan's economy was among the top of the G7, but now it has fallen to the bottom." Japanese AERA.dot news website on the 9th quoted Japanese economist, Hitotsubashi University emeritus professor Yukio Noguchi as saying that in terms of purchasing power parity, Japan's per capita GDP has been close to the last in the G7, is on the verge of leaving the ranks of developed countries.

Strong demand for Huawei's products is fuelling investor interest in shares of its suppliers, which have bucked the trend as China's A-share market has fallen. Expectations that the Chinese technology company's recently launched products could continue to sell well are pushing the shares of some Huawei suppliers to record highs. Some analysts said that Aito, an electric car brand backed by Huawei, successfully launched the new M7, and orders are expected to contin ... 阅读全文

ECB governing board President Francois Villeroy de Galhau said on Tuesday that euro zone inflation should still reach the ECB's target of around 2 percent by 2025, even though the Israeli-Palestinian conflict could raise commodity prices. Villeroy said the ECB was particularly cautious about the direction of oil prices, but added that they represent only a small part of overall inflation, which is still "clearly" falling; Now is not the right time to raise interes ... 阅读全文

The Nobel Prize in Economics was awarded to Claudia Goldin, a professor at Harvard University, for promoting awareness of the gender gap in the labor market. Goldin is the third woman to win the award. Hans Ellergren, secretary general of the Royal Swedish Academy of Sciences, announced the award in Stockholm. Jacob Svensson, chair of the Nobel Economics Committee, said: "Understanding the role of women in the Labour market is important for society. Thanks to Gold ... 阅读全文

Financial markets have grown accustomed to higher inflation and interest rates in the United States than in Europe. Now they may need to change their minds. Not only is inflation in the US now lower than in the eurozone, but it may remain so in the future. This could cause bond market spreads to narrow or even reverse, and the euro could continue to fall against the dollar. From the early 2000s through 2019, consumer price inflation in the United States averaged 2 ... 阅读全文

The IMF expects growth in advanced economies to slow significantly this year, from 2.6 percent in 2022 to 1.5 percent this year and 1.4 percent in 2024. The report forecasts steady growth in Asia's emerging market and developing economies, with growth expected to rise to 5.2 percent this year before slowing to 4.8 percent in 2024.

The IMF said it raised its growth forecast for the United States to 2.1 percent in 2023 and 1.5 percent in 2024, citing stronger business investment and rising consumption. Raised India's economic growth forecast for 2023 to 6.3 per cent, compared with the 6.1 per cent forecast in July; The forecast for 2024 remains unchanged at 6.3 percent. The euro area is expected to grow by 0.7% in 2023 and 1.2% in 2024, down from its July forecasts of 0.9% and 1.5%.

The IMF cut its forecast for global GDP growth in 2024 to 2.9% from 3%. The International Monetary Fund has warned that 2024 will be plagued by persistent inflation and weak global economic growth is expected.

In a new report released Monday, Deutsche Bank warned that long-term inflation expectations could spiral out of control, as they did during the stagflation era of the 1970s, as the conflict in the Middle East fuels inflationary pressures.

Shanghai News China Securities Network news (reporter Song Weiping) On October 8, the association released the estimated sales of new energy vehicles in September, data show that Tesla Shanghai super factory delivered 74,073 electric vehicles in September, so far the cumulative delivery of Tesla Shanghai factory this year has reached about 700,000. In terms of exports, Tesla's Shanghai Gigafactory exported more than 30,000 electric vehicles in September, an increa ... 阅读全文

The reporter learned from the sky eye check App that recently, Apple Inc. applied for a "controller device with a separable part" patent was published. According to the patent description and display, the patent provides a controller device that can be used with networked devices (such as computers, tablet computing devices, head-mounted devices, virtual reality devices, augmented reality devices or gaming devices, etc.), which can provide users with multiple mode ... 阅读全文

[Apple's controller patent can be used in VR and AR devices] The patent for "Controller device with separable parts" applied by Apple was published. According to the patent description and display, the patent provides a controller device that can be used with networked devices (such as computers, tablet computing devices, head-mounted devices, virtual reality devices, augmented reality devices or gaming devices, etc.), which can provide users with multiple modes o ...

The outbreak of a new round of military conflict between Israel and Palestine has dramatically escalated the geopolitical situation in the Middle East, and investors and analysts are highly concerned about whether the technology industry located in Israel is facing a business impact, further triggering the chaos of the "Silicon Valley in the Middle East." The scale and intensity of the latest round of military conflict between Israel and Palestine is "unprecedent ... 阅读全文

Xiaopeng Automobile internal anti-corruption news. On October 10, it was reported that Li Feng, head of the purchasing department of Xiaopeng Automobile, had been suspended due to his involvement in an internal anti-corruption investigation. Xiaopeng in response to the surging news reporter, the company to take action is a normal anti-corruption and clean behavior, for corruption, found a mistake together, will not tolerate, the incident involves a small, does not ... 阅读全文

[Tesla also cannot escape the curse of the union! Berlin Gigafactory employees poured into Germany's largest union] When the Detroit union strike was vigorous, Tesla's Gigafactory in Germany also showed signs of "fire". A growing number of Tesla workers are joining Germany's largest union, hardware union IG Metall, due to health and safety and overwork, the company's Berlin factory said on Monday.

On October 10, in response to the news that a number of employees cooperated with the investigation, Xiaopeng Motor said that it was a normal anti-corruption behavior, and the incident did not affect the business and production links. Recently, media reports said that Xiaopeng Motor announced the internal suspension of the head of the procurement department, a number of employees to cooperate with the investigation. It is reported that the matter began with Xiaope ... 阅读全文

[US Treasury Secretary Janet Yellen comments on the "historic plunge in US debt" : No problem!] In recent days, US Treasury bonds have experienced a historic plunge. Janet Yellen, the US Treasury secretary, reassured markets on Monday that there was nothing unusual about the market's reaction to soaring borrowing costs.