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Taiwan Stock Exchange: The fundamentals of the Taiwan stock market remain stable.On July 29th, Xingyun Technology announced that its wholly-owned subsidiary, Shenzhen Xingyun, had previously signed a "Computing Power Service Agreement" with VB customer. Shenzhen Xingyun will provide computing power services to VB customer for a period of 5 years, with a total amount including tax of RMB 1.014 billion. VB customer is a leading domestic provider of large-text head-level models with deep expertise in the ultra-large contextual data sector and the ability to develop its own large model foundation. Due to increased business needs and recognition of Xingyuns delivery capabilities, VB customer recently signed a "Supplementary Agreement" with Shenzhen Xingyun, stipulating that the number of computing power service units provided by Shenzhen Xingyun will double from the original 128 units to 256 units. The unit computing power service fee has also increased, resulting in a total computing power service fee of RMB 3.0528 billion, an increase of 201.14% compared to the original agreement amount.July 29: Building materials transaction volume was 89,900 tons, an increase of 16.15% compared to the previous trading day. July 28: Building materials transaction volume was 77,400 tons, a decrease of 9.47% compared to the previous trading day. July 27: Building materials transaction volume was 85,500 tons, an increase of 5.43% compared to the previous trading day. July 24: Building materials transaction volume was 81,100 tons, a decrease of 8.26% compared to the previous trading day. July 23: Building materials transaction volume was 88,400 tons, an increase of 12.18% compared to the previous trading day. Last weeks average: Building materials transaction volume was 84,800 tons.The Iraqi presidential palace condemned the attack on the Popular Mobilization Forces, calling it a violation of Iraqi sovereignty.The Ministry of Industry and Information Technology (MIIT) has publicly solicited opinions on three amendments to the mandatory national standard GB 22757.2—2023, "Energy Consumption Labelling for Light-Duty Vehicles Part 2: Externally Rechargeable Hybrid Electric Vehicles and Pure Electric Vehicles" (Amendment No. 1).

The United States is contemplating adding more ethanol to gasoline in order to cut pump costs

Charlie Brooks

Mar 31, 2022 10:36

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The assessment comes as President Joe Biden attempts to rein in surging gas prices, which reached a new high last month after Russia's invasion of Ukraine in late February. To punish Russia for the invasion, the United States and other consumer nations have blocked imports of oil from Russia, a key global supplier.


Increasing the amount of ethanol in gasoline mixes has the potential to lower petrol prices at U.S. gas stations since ethanol, which is derived from maize, is now less expensive than plain gasoline.


The EPA said it couldn't comment on whether the move was being considered, but that it was "examining a number of measures throughout the administration to assist offset repercussions from Russia's activities on American consumers."


The ethanol sector would appreciate the measure, as it has sought to raise sales of the E15 fuel mix and abolish summertime limits on it. E15 contains up to 15% ethanol, compared to 10% in regular gasoline in the United States.


The summertime ban on E15 was established due to fears that it adds to pollution in hot weather, despite studies indicating that the 15% mix of fuel may not increase smog in comparison to the more prevalent 10% blends available year-round.


A bipartisan coalition of Farm Belt politicians in the United States has lobbied the White House to repeal the summertime restriction.


Earlier this month, senators from Iowa and Illinois, the two largest corn-producing states, requested Biden in a letter to authorize the sale of E15 during the 2022 driving season, saying that the increased ethanol would cut consumer prices.


However, since ethanol is manufactured from maize, the change has the potential to raise food prices. Previously, the Biden administration investigated whether suspending rules for biofuels to be integrated into the nation's fuel mix may help offset a rise in food component prices such as maize and soy oil.


Inflation is considered as a key danger to Democrats in the midterm elections in November.

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