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Gold
3373.09
1.032%
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63.693
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146.956
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Real-time News
According to the European Mediterranean Seismological Center, a 5.0 magnitude earthquake struck the Iquique region of Chile at approximately 11:44 PM local time on August 23rd, with a focal depth of 103 kilometers. No casualties or property damage have been reported so far.On August 24, the Financial Times reported that Alex Norström, co-president and chief business officer of Spotify (SPOT.N), a US streaming music group, said that customer subscription fees may rise further in the future as the company increases investment in new features and strives to reach 1 billion users. After years of maintaining fixed prices, "price increases are now part of our toolkit." However, the executive added that these price increases will be accompanied by new services and features planned for the platform. Spotify did not begin raising prices until two years ago. This move was welcomed by investors, who hoped that the company would begin to focus on profitability after years of focusing on expanding its subscriber base. Price increases and cost-cutting measures will help it achieve its first annual profit in 2024.On August 24th, Hong Kong Financial Secretary Paul Chan Mo-po published a blog post titled "From the Saudi Super Cup" stating that the number of visitors to Hong Kong from Gulf countries increased by 70% year-on-year last year, and increased by more than half again in the first seven months of this year. Bilateral trade between Hong Kong and the Gulf region reached HK$150 billion last year, with an average annual growth of approximately 11% over the past five years. Hong Kong is the UAEs seventh-largest trading partner. In addition to an economic and trade office in Dubai, UAE, and InvestHK advisory offices in Cairo, Egypt, and Izmir, Turkey, Hong Kong is accelerating the establishment of an economic and trade office in Riyadh, Saudi Arabia.On August 24th, Novak, a professor of international relations at the Wisla School of Finance and Business in Poland, stated that he believes the United States will be the biggest loser from the tariffs. In the current trade system, countries will eventually restructure the global trade landscape through various means, placing the United States at a significant disadvantage. Other countries will not maintain this high-tariff trade system with the United States, which will inevitably lead to a restructuring of the global trade landscape. A review of Trumps first presidency shows that tariffs did not lead to job growth. Therefore, he believes that American consumers will pay the price for these tariffs, and the United States will inevitably be the loser.On August 24, local time on August 23, US President Trump plans to deploy troops in Chicago. Military officials said that a plan is being drafted that may deploy thousands of National Guard members. The issue of mobilizing active-duty troops has also been discussed. Officials familiar with the matter said that the US Department of Defense has been planning to deploy troops to Chicago for weeks as Trump is trying to crack down on crime, homelessness and undocumented immigrants. It is understood that this model may be extended to other major cities later. This previously undisclosed plan includes a variety of options, including the deployment of at least thousands of National Guard members to Chicago as early as September. Two officials said that plans to deploy thousands of active-duty soldiers to Chicago have also been discussed, but this possibility is currently considered small.
