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Russian State Atomic Energy Corporation: Ukrainian drones attacked the Zaporizhia nuclear power plant on Saturday.On May 30th, the Guangdong Provincial Development and Reform Commission publicly solicited opinions on the "Guangdong Provincial Regulations on the Development of Low-Altitude Economy (Draft for Solicitation of Opinions)." The regulations focus on the prominent bottlenecks hindering the development of Guangdongs low-altitude economy, offering targeted and precise measures and making specific institutional arrangements. For example, regarding insufficient airspace access, the regulations establish a collaborative operation mechanism for low-altitude airspace to improve airspace utilization efficiency; regarding inadequate infrastructure, they emphasize key aspects such as infrastructure construction planning, operation management, and renovation; regarding insufficient safety supervision, they strengthen the supervision and management of flight activities and implement low-altitude safety responsibilities; and regarding limited application scenarios, they expand low-altitude economic application scenarios according to relevant classifications and systematically explore and promote new low-altitude economic application scenarios.On May 30th, GalaxyVS, an AI-powered virtual screening platform for large-scale drug discovery, was officially launched. Based on the next-generation Tianhe supercomputing system, the platform targets a space of nearly 100 billion synthetic compounds and constructs an end-to-end technology system covering molecular characterization, vector retrieval, diversity control, affinity reordering, and large-scale task scheduling. This provides a highly efficient, high-precision, and scalable new foundational platform for innovative drug development. The platform was jointly developed by an AI biomedical team led by Meng Xiangfei, Party Secretary and Chief Scientist of the National Supercomputing Center in Tianjin, and Professor Lan Yanyan of the Institute for Intelligent Industry at Tsinghua University.On May 30th, the State Administration for Market Regulation announced that, in order to adapt to the needs of combating and rectifying pyramid schemes under the new circumstances, protect the legitimate rights and interests of natural persons, legal persons, and unincorporated organizations, and maintain market order and social stability, it has organized the revision of the "Regulations on Prohibiting Pyramid Schemes," resulting in the "Draft Regulations on Prohibiting Pyramid Schemes (Revised Draft for Public Comment)," which is now open for public comment. The public comment period is from May 29th to June 28th, 2026. The draft revisions focus on the following aspects: adding specific content on combating online pyramid schemes; strengthening the working mechanisms and measures for preventing and combating pyramid schemes; and increasing the legal liabilities for pyramid schemes.On May 30, at the invitation of Valentina Matviyenko, Chairwoman of the Federation Council of Russia, and Volodin, Chairman of the State Duma, Zhao Leji, Chairman of the Standing Committee of the National Peoples Congress, paid an official friendly visit to Russia from May 27 to 30. In Moscow, he held separate talks with Matviyenko and Volodin and attended the 11th meeting of the China-Russia Parliamentary Cooperation Committee. Zhao Leji stated that the exchange mechanism between the legislative bodies of China and Russia is increasingly完善 (perfected/improved), playing an important role in optimizing the legal environment for bilateral cooperation and consolidating the public opinion foundation of bilateral relations. Both sides should, based on the functions and responsibilities of their legislative bodies, maintain the good momentum of multi-level and multi-field exchanges, enhance mutual understanding and trust, strengthen exchanges and mutual learning, and better serve the development of the China-Russia comprehensive strategic partnership of coordination for a new era. Exchanges of legislative experience should be conducted in areas such as national security, ecological and environmental protection, artificial intelligence, and foreign-related legal affairs.

AUD/USD Recovers from 0.6900 as Australian Retail Sales Decline Less than Expected

Daniel Rogers

Feb 06, 2023 16:03

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As the Australian Bureau of Statistics reported a smaller-than-expected fall in Retail Sales for the fourth quarter of CY2022, the AUD/USD pair has attempted to recover to approximately 0.6900. The economic figures have decreased by 0.2%, when the market anticipated a 0.6% decline.

 

The Reserve Bank of Australia's (RBA) anticipated release of its interest rate decision on Tuesday will be the most significant event that will generate volatility in the Australian Dollar. As the Australian Consumer Price Index (CPI) has not yet reached its peak, the outlook for the policy stance is quite pessimistic. The rate of inflation in Australia reached a new high of 7.8 percent in the fourth quarter of CY2022.

 

Deutsche Bank Australia analysts believe that the RBA will likely hike the Official Cash Rate (OCR) to 4.1%, citing the most recent inflation update, which revealed a slightly higher-than-anticipated 7.8% increase in the CPI. According to Forbes Advisor, "while the RBA will likely move more slowly in 2023 than in 2022, we now estimate four additional 25 basis point increases this year: 25 basis points in February and March, and 25 basis points at the May and August meetings."

 

Following a significant surge in Nonfarm Payrolls (NFP) data in the United States, the risk profile is currently favoring safe-haven assets. The US Dollar Index (DXY) intends to raise its auction profile over 102.50. S&P500 futures maintained their downward trend during the Asian session, signaling a further decline in market participants' risk appetite. The yield on 10-year Treasury notes has risen to approximately 3.57 percent.