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Polish air navigation service: To ensure the freedom of movement of military aviation, airports in Rzeszów and Lublin have temporarily suspended operations.February 7th - According to a news release from the Guangdong Provincial Forestry Bureau on the 7th, the Nanyue Green and Beautiful Ecological Investment Fund has been established and officially launched, and is currently steadily advancing the implementation of its first batch of projects. As the first government investment fund in China focusing on the forestry industry, its establishment marks a breakthrough in Guangdongs forestry investment and financing mechanism. It will inject precise and efficient financial momentum into the construction of a green and beautiful Guangdong, accelerate the transformation of "green mountains and clear waters" into "gold and silver mountains," and provide important support for the deep integration of ecological civilization construction and industrial upgrading throughout the province.February 7th - Data from the Comprehensive Transportation Spring Festival Travel Rush Task Force shows that on February 6th, 2026 (the 5th day of the Spring Festival travel rush), the total cross-regional passenger flow reached 211.257 million person-times, a 7.6% increase compared to the previous day and a 1.2% increase compared to the same period in 2025 (Saturday). Specifically, railway passenger volume was 12.845 million person-times, a 9.2% increase compared to the previous day and a 4.5% decrease compared to the same period in 2025. Road passenger flow (including non-commercial passenger car trips on expressways and ordinary national and provincial highways, and commercial passenger transport) reached 195.35 million person-times, a 7.6% increase compared to the previous day and a 1.6% increase compared to the same period in 2025. Of these, commercial passenger transport on highways was 32.96 million person-times, a 5.8% increase compared to the previous day and a 3% increase compared to the same period in 2025; non-commercial passenger car trips on expressways and ordinary national and provincial highways were 162.39 million person-times, an 8% increase compared to the previous day and a 1.3% increase compared to the same period in 2025. Waterway passenger traffic reached 656,000, a decrease of 8.6% month-on-month and a decrease of 4.8% compared to the same period in 2025. Civil aviation passenger traffic reached 2.406 million, an increase of 2.6% month-on-month and an increase of 7.9% compared to the same period in 2025.February 7th - This morning (February 7th), the Shanghai Municipal Peoples Government held a press conference. Yang Jiaying, Director of the Shanghai Municipal Human Resources and Social Security Bureau, stated that employment is a top priority for peoples livelihood. The bureau is making every effort to promote employment for college graduates and other young people. Shanghai is the top choice for many young students to pursue their dreams. We are strengthening policy support and implementing a comprehensive employment service campaign tailored to the characteristics of this youth group. We are fully leveraging the synergistic effect of "One Station (the first stop for employment in Shanghai), One Circle (a 15-minute employment service circle), and One Action (the Employment in Shanghai Plus Action)" to increase employment assistance for young people.According to the real-time flight tracking website FLIGHTRADAR24, airspace in southeastern Poland has been closed again in the past few hours.

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.


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