Real-time News

German Chancellor Merz: Russia has once again used the Hazel missile system to attack Ukraine. The German government strongly condemns this reckless escalation.

German Foreign Minister: Russia’s missile attack on Ukraine is shocking; the use of Hazel missiles marks yet another escalation.

On May 24th, news circulated in the market that Yirendai, a leading domestic loan facilitation institution, is conducting a "orderly liquidation" of its fixed-income-like products. An investor contacted Yirendai's official customer service for verification, and the information was confirmed to be true. The platform's official customer service stated that after careful consideration and reporting to relevant departments, the company decided to begin an orderly liquidation of fixed-income-like products starting May 22nd. Currently, the company is compiling data, and after the plan is finalized and reported to the relevant authorities, it is expected to announce the orderly liquidation plan within 4 to 6 weeks and sign agreements with each customer.

French President: France condemns Russia's use of Hazel missiles to attack Ukraine.

According to Interfax news agency, the Russian Ministry of Defense stated that the attack targeted a Ukrainian ground forces command post and the main intelligence directorate of the Ukrainian Ministry of Defense.

On May 24, the State Flood Control and Drought Relief Headquarters Office and the Ministry of Emergency Management organized a joint consultation involving multiple departments to analyze and assess the development of heavy rainfall, deploy flood control and disaster relief work in key areas, and provide point-to-point guidance to Chongqing Municipality on disaster relief and response in Yongchuan District. At 12:00 on May 24, the State Flood Control and Drought Relief Headquarters activated a Level IV emergency response for flood control in Anhui Province, while maintaining the Level IV emergency response for Hunan, Hubei, and Chongqing. The State Flood Control and Drought Relief Headquarters Office dispatched a working group to Chongqing to assist and guide flood control and disaster relief efforts.

According to Saudi media outlet alhadath: Israeli officials said that Trump confirmed to Netanyahu that Iran's nuclear program must be dismantled.

European Commission President Ursula von der Leyen: Europe will continue to work with international partners to seize this moment and seek a lasting diplomatic solution to the situation in Iran.

European Commission President Ursula von der Leyen: I welcome the progress in the agreement reached between the United States and Iran.

EU High Representative for Foreign Affairs and Security Policy Karas: Russia’s reported use of the Hazelnut intermediate-range missile in Ukraine is a political intimidation tactic and a reckless nuclear brinkmanship policy.

The European-Mediterranean Seismological Centre reported that a 4.2-magnitude earthquake struck off the coast of Chiapas, Mexico, at a depth of 16.1 kilometers.

Nordic Power Exchange: The Ringhals 4 G41 nuclear reactor in Sweden is expected to restart on May 26.

May 24th - The AI venture capital market has recently seen a surge in activity. In May, several domestic large-scale AI companies, including Lunar Dark Side and Leap Star, secured over 30 billion yuan in funding. Embodied Intelligence has also garnered market attention, with VitaPower and Lumin Robotics among those securing hundreds of millions of yuan in funding within a week. According to venture capital statistics, nearly 600 AI-related funding rounds occurred in the first quarter, totaling over 110 billion yuan, a year-on-year increase of 185.4%. Many AI startups are investing in three main areas after receiving funding: First, R&D, with leading large-scale AI companies typically investing billions of yuan in R&D by 2025, far exceeding their current revenue. Second, computing power, with GPU procurement and cloud service leasing accounting for 30% to 50% of the funding. Third, attracting top global talent and teams. Higher R&D investment leads to faster technological iteration. By 2026, the iteration cycle for Chinese large-scale AI companies has generally shortened to less than three months, and the cost of AI inference has significantly decreased, further deepening commercialization.

According to Interfax news agency, Russia has launched strikes against Ukrainian military command facilities, air bases, and defense industrial enterprises. The strikes are a response to Kyiv's attacks on Russian civilian targets.

According to RIA Novosti, the Russian Ministry of Defense stated that the Russian military launched a large-scale retaliatory strike against Ukraine, using Oreshnik, Iskander, Berkut, and Zircon missiles.

The Ukrainian military stated that Ukraine attacked the oil loading and unloading terminal of the Taman oil and gas terminal in Russia's Krasnodar Krai.

On May 24, Ukrainian President Volodymyr Zelenskyy announced via social media that Ukrainian rescue and emergency response teams had been fully engaged in response efforts in the affected areas since early that morning. The latest Russian attack has injured at least 83 people and resulted in several deaths. Zelenskyy stated that the scale of the Russian attack was unprecedented. Russia launched a total of 90 missiles of various types, including 36 ballistic missiles, and deployed 600 drones in coordination. Ukraine acknowledged that not all incoming ballistic missiles were successfully intercepted by its air defense systems. Kyiv was the most frequently targeted city and the primary target of this large-scale Russian airstrike.

British Prime Minister Starmer: We will work with international partners to seize this moment and achieve a long-term diplomatic solution.

British Prime Minister Starmer: We need to see an agreement to end the conflict and reopen the Strait of Hormuz.