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On January 11, Iranian President Pezechzian stated in a televised interview that the government endorses peaceful protests and considers dialogue with protesters its duty, expressing its willingness to meet with all protest groups in the country. Pezechzian stated that despite facing various sanctions, the government will overcome these crises, but opposes violence and "premeditated murder."On January 11th, US President Trump posted a statement saying that for years, Cuba has relied on Venezuelas vast oil and financial resources to function. In return, Cuba provided "security services" to Venezuelas two previous dictators—but all of that is coming to an end! Last weeks US-led attacks have killed most of the "Cubans," and Venezuela no longer needs the protection of these thugs and blackmailers who have held it hostage for years. Now Venezuela has the worlds most powerful military force—the United States—to protect them, and we will fulfill our duty to safeguard them. There will be no more oil and money flowing to Cuba—zero flow! I strongly urge (Cuba) to reach an agreement quickly, lest it be too late.US President Trump: For years, Cuba has relied on large amounts of oil and money from Venezuela to function. But now there will be no more oil and money flowing to Cuba. I strongly urge them to reach an agreement quickly, lest it be too late.On January 11, South African President and African National Congress (ANC) President Cyril Ramaphosa stated on the 10th that 2026 is a "crucial year" for South Africa to achieve development in areas such as improving local government services and promoting economic transformation. Speaking at the ANCs 114th anniversary celebration in Rustenburg, North West Province, Ramaphosa said that South Africa is currently facing numerous domestic and international challenges, with urgent needs for improvement in areas such as government services, governance capacity, and economic growth. Regarding the current international situation, Ramaphosa reiterated South Africas firm support for the people of Venezuela and other countries in safeguarding their national sovereignty.On January 11th, it was reported that on the morning of January 7th, Liu Liehong, Secretary of the Party Leadership Group and Director of the National Bureau of Data Science and Technology, chaired a symposium on data property rights registration. At the meeting, Jiang Ying, President of the Beijing Internet Court, Professor Chang Pengao of Peking University, officials from data management departments of Jiangsu Province, Hangzhou City, Qingdao City, and Shenzhen City, and representatives from companies such as China Mobile, China Southern Power Grid, Beijing International Big Data Exchange, Tencent Group, Haitian Ruisheng, and Taiyi Technology offered their opinions and suggestions on improving the data property rights registration system. Establishing a data property rights registration system is an important measure to implement the data property rights system. The National Bureau of Data Science and Technology will further study and learn from the experiences and practices of registration systems in other fields, continuously absorb opinions and suggestions from all sectors of society, and innovate to establish a registration system adapted to the characteristics of data, so as to better promote the circulation and use of data and release the value of data elements. The main officials from the Policy and Planning Department and the Data Resources Department of the National Bureau of Data Science and Technology attended the meeting.

0.8450 is being reached by EUR/GBP as the prospect of a UK recession looms

Daniel Rogers

Aug 05, 2022 14:46

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Following a huge upward rise from 0.8360 on Thursday, the EUR/GBP pair has subsequently turned sideways around 0.8430 in the Tokyo session. After the Bank of England (BOE) hiked interest rates by 50 basis points, the cross displayed a significant upward rise (bps) (bps). The BOE lifted interest rates by 50 basis points in succession, bringing them to 1.75 percent.

 

The investing community is aware that UK household earnings have been unsteady during the preceding few months. In addition, the economy's inflation rate is fast expanding. The inflation rate was 9.4 percent prior. The recent statement by BOE Governor Andrew Bailey that price increases might exceed 13 percent has sent shockwaves across the market.

 

The runaway inflation is now escalating, leaving the BOE with very little flexibility to tighten its monetary policy. The BOE is in poor shape as a result of the dismal economic data and the continuing political upheaval following the departure of UK Prime Minister Boris Johnson. A recession in the UK economy is extremely probable in the case that the inflation rate is close to 13 percent.

 

German manufacturing order numbers for the Eurozone have decreased by 0.4 percent against an anticipated 0.8 percent decline and a prior monthly contraction of 0.2 percent. Falling orders from factories indicate sluggish demand in Germany as a whole. It is vital to remember that Germany is a key element of the European Union (EU), and that economic data from Germany has a huge effect on people who favor the common currency.