Real-time News

Kuwait News Agency: Kuwait claims it has thwarted a "terrorist plot" to attack a key facility.

The Russian Foreign Ministry stated that the attacks in Ukraine have exacerbated global food shortages and driven up global food prices.

Russian intelligence sources claim that Ukraine is using Western intelligence agencies to attack transportation and logistics infrastructure and ships in the Sea of Azov and the Black Sea.

According to Interfax news agency, citing Russian official sources, Russia will continue to crack down on ships carrying Western weapons to Ukraine.

Market sources say the Ukrainian Air Force MiG-29 fighter jet that crashed in the Odessa region of Ukraine was shot down by friendly fire.

Yemeni sources say 28 Houthi leaders have been killed in the past six days.

The NATO Council expressed solidarity with the affected allies and reaffirmed its support for Ukraine.

A NATO spokesperson said a meeting will be held on Wednesday to discuss airspace violations by Poland and Romania, as well as recent drone incidents.

The NATO Council condemned Russia for "violations" of Polish and Romanian airspace.

On August 12, Honor CEO Li Jian revealed at a new product launch event that the number of pre-orders for the Honor Robot Phone has exceeded 400,000 units.

August 12th - Data from the U.S. Department of Labor shows that U.S. electricity prices rose 4.2% in July compared to the same period last year. With many U.S. residents turning on air conditioning during the hottest month on record, higher electricity bills are expected. In recent months, electricity price increases have outpaced overall inflation, placing additional pressure on consumers' energy expenditures on top of rising fuel costs.

August 12th - According to CBS News, U.S. inflation slowed for the second consecutive month, rising 3.4% year-over-year in July, in line with economists' expectations, indicating that some price pressures may be easing. Moody's Analytics chief economist Mark Zandi pointed out before the July CPI data release that the average daily gasoline price in July was about 10 cents lower than in June. Data from the U.S. Bureau of Labor Statistics also showed that gasoline prices fell 2.9% month-over-month in July. Zandi added that if there is no further escalation in the Iran war, inflation may have peaked and could continue to decline for the remainder of the year, potentially falling to near the Federal Reserve's 2% annual inflation target by the same period next year.

UBS said on August 12 that, overall, today’s US CPI report was quite close to our expectations and consistent with our previous view that US inflation peaked in May and is slowly declining, although this slowdown may be uneven.

August 12 - The China Earthquake Networks Center officially measured a 3.0-magnitude earthquake in Wenchuan County, Aba Prefecture, Sichuan Province at 20:48 on August 12, with a focal depth of 7 kilometers.

August 12th - Analyst David Uberti stated that inflation has cooled in recent months, partly due to a slight decline in gasoline prices. However, this situation is likely to change in August. Data from the U.S. Department of Labor shows that gasoline prices fell 2.9% month-over-month in July, while fuel oil prices fell 1.7%.

August 12th - According to CNBC, Wednesday's CPI report showed that price increases for many goods and services slowed, potentially reducing the urgency for the Federal Reserve to raise interest rates in the near future. Data released by the U.S. Bureau of Labor Statistics showed that the Consumer Price Index (CPI) rose 0.1% month-over-month in July after seasonal adjustment. The core CPI, excluding food and energy prices, rose 0.2% month-over-month. Year-over-year, the CPI and core CPI rose 3.4% and 2.5%, respectively. Although inflation remains significantly above the Fed's 2% target, the relatively modest monthly increase in July, coupled with similarly modest data in June, suggests that the energy-price-driven inflationary momentum from earlier this year is easing. However, prices remain highly volatile and vulnerable to ongoing developments in the Middle East.

The secretary of Iran's Supreme National Security Council stated that Iran and Pakistan are each other's "strategic assets."

NATO allies held a meeting to discuss airspace violations by Poland and Romania.

Honor officially launched its first robot phone, the Robot Phone, with prices starting at 9,999 yuan and going up to 12,999 yuan.