A beggar full of gold and silver: What are Afghanistan's mineral reserves?
Original title: The Beggar with the Golden Mountains and the Silver Mountains: What are the mineral reserves in Afghanistan? According to the World Bank's “Doing Business Report 2018”, Afghanistan ranked 183rd in the world's business environment out of 191 economies; in the “2018 Global Happiness Index Report” released by the United Nations, Afghanistan ranked 145th out of 156 countries and regions; according to a report released by Transparency International in 2018, Afghanistan ranked 177th in the integrity index out of 180 countries and regions in the world. As can be seen, Afghanistan is a country with a relatively backward economy and culture. However, it has trillion-dollar gold such as tungsten, molybdenum, and rare earths
General Motors Co fell 2.4% before trading, and the company expanded the recall scope of Chevrolet Bolt electric vehicles over the weekend.
General Motors Co (GM.N) fell 2.4% before trading after the company expanded the recall of its Chevrolet Bolt electric car over the weekend after it announced a partial recall of the car due to fire risk.
US housing prices soared 23% in the second quarter, setting a record for the highest growth rate
The median price of single-family homes rose 23% year over year to a record high of $357,900, making it difficult for buyers to find affordable homes. Second-hand housing sales declined for the fourth month in a row in May. Housing prices in the US recorded the highest increase on record in the second quarter, and competition among buyers was fierce. The National Association of Realtors of America released a report on Thursday saying that the median price of a second-hand single-family home rose 23% year on year to a record high of 357,900 US dollars. Of 183 metropolitan areas, 94% reported double-digit increases in housing prices, up from 89% in the first quarter. Sluggish mortgage interest rates have triggered the US real estate market for more than a year
Bank of America predicts that the UK economy will not be able to reduce V-shaped growth this year's GDP growth forecast to 6.9%
Bank of America lowered its forecast for the UK's economic growth, saying that the rebound curve is unlikely to be “V” shaped. Chief British economist Robert Wood lowered his 2021 GDP growth forecast to 6.9%, lower than the previous forecast of 7.3%. According to official data released earlier, GDP growth in the second quarter was lower than the Bank of England forecast, reflecting the impact of labor and material shortages. “GDP growth peaked in March and has been slowing almost continuously since then,” Wood wrote in a report on Thursday. “Most of the benefits brought about by the unblocking of the economy have passed, and the policy will soon change from a tailwind to a headwind
Musk complains about automotive chip supply and responds to Tesla's declining deliveries in China
Tesla CEO Elon Musk complained that the world's two largest automotive chip suppliers are hampering the electric vehicle manufacturer's production. “We are subject to extreme supply chain restrictions on some 'standard' automotive chips,” Musk said in response to Ark Investment Management CEO Cathie Wood on Twitter on Thursday. “So far, the biggest problems have been with Renesas and Bosch.” Before Musk, manufacturers in the automotive industry had already complained that Japan's Renesas Electronics and Germany's Bosch had limited automobile production. Ford Motor Corp. earlier this year
Biden chooses Frost of the New York Fed as Assistant Secretary of the Treasury for Financial Markets
U.S. president Joe Biden plans to nominate Joshua Frost, who has long worked at the Federal Reserve Bank of New York, as assistant secretary of the Treasury for financial market affairs, responsible for debt management, market supervision and regulation. Biden will announce the nomination on Tuesday, according to a person familiar with the matter. Frost has been working at the Ministry of Finance this year as Deputy Assistant Secretary for Financial Markets. The nomination needs to be confirmed by the Senate. Frost is likely to play a central role in the current assessment of the Treasury market. The trigger for this assessment was the outbreak of Covi in the $22 trillion US Treasury bond market in March 2020.
The US Senate starts a debate on the $550 billion infrastructure bill, which may be passed by vote next week.
The U.S. Senate is likely to pass a bipartisan $550 billion infrastructure bill next week. After weeks of on-off negotiations, the bill officially opened the debate on Friday. The Senate passed the opening debate by a vote of 66 to 28, reflecting broad bipartisan support for the bill. However, lawmakers failed to meet their goal of finalizing the text of the bill on Friday afternoon, and the debate on the amendment will last for several days, meaning a final vote on the bill will not be held until near the weekend of next week. If the Senate passes the infrastructure bill, it will lay the foundation for future consideration of a budget resolution. The budget resolution may have
The day after Faraday went public in the future, it fell by more than 5% before trading.
Related news: Jia Yueting is going to be listed again to cut leeks (video) Jia Yueting is making a comeback! This is an extremely dangerous signal! Jia Yueting is finally bankrupt! Cash out 20 billion, harvest 2 big shots, 19 stars, 17 institutions, 260000 shareholders Faraday Future (FFIE.O) listed the next day, down more than 5% before trading. On July 22nd, Faraday will be listed on Nasdaq under the ticker symbol FFIE.
Japan Semiconductor Industry Association says Japan needs to invest trillions of yen in chips
Japan should invest more in semiconductor capacity to address the global chip shortage, which is unlikely to ease any time soon, according to the head of Japanese industrial groups. Nobuo Hayasaka, president of the Japan Semiconductor Industry Association, said that Japan should invest trillions of yen to compete with its competitors, which will be the last chance for Japan to catch up with global giants. The government has plans to support the industry, and the size of the budget will be decided in the coming months. "We should take some way to meet the needs of a wide range of customers," Hayasaka said in an interview. Hayasaka said there are possibilities in Japan.
The Reserve Bank of Australia left its key interest rate unchanged at 0.1% in line with expectations.
The Reserve Bank of Australia announced its interest rate decision, leaving the benchmark interest rate unchanged at 0.1%, with an expected 0.10% and a previous value of 0.10%. The RBA left its three-year yield target unchanged at 0.10%. In a statement after the June policy meeting, RBA Chairman Philip Lowe said: "the Committee is committed to maintaining a highly supportive monetary environment to support Australia's return to full employment and that inflation is in line with the target. The committee will not raise cash interest rates until real inflation remains within the target range of 2% to 3%. " "as expected last month," the statement said.
Housing prices in Sydney recorded the biggest increase in nearly 33 years in the past three months
According to a report released by real estate research firm CoreLogic on Tuesday, housing prices in Australia rose by an average of 2.2% in May and an average of 7% in the three months ending May. In Australia's largest city, Sydney, housing prices in the past three months recorded the biggest increase since September 1988. Among them, housing prices in the high-end market rose 12%. Under low interest rates and insufficient supply, cash-rich buyers snapped up high-end properties. According to the data, out of the 334 regions analyzed by CoreLogic, housing prices have risen in 97% of regions in the past three months. Over the past 12 months, Australia
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