Many countries have condemned Israeli air strikes on refugee camps
Recently, after the United Nations International Court of Justice ordered Israel to immediately stop military operations in Rafah, the Israeli military continued to carry out military operations in various parts of Gaza, including Rafah, and several countries and global organizations condemned the Israeli air strike on the camp for displaced persons, which has killed at least 45 people and injured 249. On the other 27, Egyptian and Israeli soldiers exchanged fire at the Rafah port, further escalating the situation in the Middle East.
The central bank left its benchmark interest rate unchanged at 4.5%
On the 27th, the Bank of Israel announced that the benchmark interest rate remained unchanged at 4.5%, and the market forecast was 4.50%. Mainly to contain inflationary pressures related to the war and to provide support for the Shekel. Bank of Israel Governor Amir Aaron is cautious about easing monetary policy and further widening the gap between Israel’s borrowing costs and those of the United States.
On May 28, the offshore RMB depreciated against the dollar, euro and yen
Offshore RMB slightly depreciated against the US dollar exchange rate, as of press time, offshore RMB against the US dollar exchange rate of 7.2622, compared with the previous trading day’s close of 7.2575, up 47 basis points.
The offshore RMB exchange rate against the euro depreciated sharply, as of press time, the offshore RMB exchange rate against the euro was 7.8982, compared with the previous trading day’s close of 7.8768, a depreciation of 214 basis points.
Offshore RMB against 100 yen slightly depreciated, as of press, offshore RMB against 100 yen exchange rate of 4.6300, compared with the previous trading close of 4.6200, depreciated 100 basis points.
On May 28, the onshore RMB depreciated against the dollar and euro and was unchanged against the yen
The onshore RMB weakened slightly against the US dollar, as of press time, the onshore RMB against the US dollar exchange rate of 7.2454, compared with the previous trading day’s close of 7.2450, depreciating 4 basis points.
The onshore RMB weakened sharply against the euro, as of press time, the onshore RMB to the euro exchange rate of 7.8871, compared with the previous trading close of 7.8645, 226 basis points weaker.
The onshore RMB exchange rate to 100 yen was unchanged, as of press time, the onshore RMB exchange rate to 100 yen was 4.6100, compared with the previous trading day’s trading price of 4.6100, no change.
On May 28, the central parity rate of the RMB depreciated against the US dollar and the euro, and appreciated against the yen
The RMB depreciated against the US dollar, with the central parity rate of the RMB to the US dollar at 7.1101, 10 basis points weaker than the previous trading day’s 7.1091.
The RMB depreciated slightly against the euro, with the central parity rate of the RMB to the euro at 7.7504, down 102 basis points from 7.7402 on the previous trading day.
The exchange rate of RMB against 100 yen slightly appreciated, the central rate of RMB against 100 yen was 4.5584, compared with the previous trading day 4.5595, an appreciation of 11 basis points.
Brazil has introduced economic measures aimed at small businesses
The Brazilian government has announced a series of measures to increase credit to small businesses and boost economic growth. Smes will get help in renegotiating debt and getting more credit at lower interest rates. The plan includes securitization of real estate loans to boost credit in the market. One of the main areas of focus is micro and small companies with total annual sales of no more than R $4.8 million and bank debt defaults.
Spain’s GDP grew 2.4% in the first quarter from a year earlier
According to the progress published by the National Statistics Institute (INE), GDP grew by 2.4% year-on-year and 0.7% quarter-on-quarter in the first three months of 2024, maintaining the same growth rate for two consecutive quarters. Specifically, manufacturing stood out, growing by 2.2%, and, contrary to all forecasts, investment, which had been significantly weak, returned to strength at the start of the year, growing by 2.6% quarter-on-quarter, adding 0.5 percentage points to economic growth.
Singapore’s GDP grew 2.7% in the first quarter from a year earlier
Singapore’s economy accelerated, with gross domestic product expanding 2.7% in the first quarter from a year earlier, up from 2.2% in the fourth quarter of last year, according to a report released by the Ministry of Trade and Industry. On a seasonally adjusted basis, Singapore’s economy grew 0.1% in the first quarter from the previous quarter, down from 1.2% in the previous quarter, the report showed. In addition, the Ministry of Trade and Industry maintained its forecast for Singapore’s economic growth of 1% to 3% this year.
TikTok is planning a massive layoff
TikTok is planning a massive layoff, targeting its global user operations department, which is expected to affect a significant number of its 1,000 employees. There is no clear explanation for the specific reason for the layoffs, but it is speculated that it may be to reduce operating costs.
First-day sales at Mektor Hot Sale rose 36% from a year earlier
Recently, Latin American e-commerce platform Mercado Libre (Mercado) participated in the annual large-scale promotion in Latin America Hot Sale, the first 24 hours of the activity, the platform sales of more than 1.2 million products, sales increased 36% over last year; The biggest trading peak occurs between 10am and 12am, with around 30% of orders delivered on the same day.
The total number of China-Europe freight trains has exceeded 90,000
With the departure of the X8157 China-Europe Railway train (Xi ‘an – Malashevich) from Xi ‘an International Port Station, the total number of China-Europe railway trains has exceeded 90,000, carrying more than 8.7 million TEU of cargo and worth more than 380 billion US dollars, and maintaining safe, stable and smooth operation, according to the China National Railway Corporation.
UPS opens new distribution center in Munich, Germany
UPS recently opened a new distribution center in Kirchheim, near Munich, Bavaria, Germany. The new distribution center is a modern facility for UPS and replaces an existing center 200 meters away that has been in operation since 1991. The new centre plays a key role in parcel delivery in Munich and neighbouring regions to the east and forms the basis for the electrification of the transport fleet in the region.
Apple has officially reached an agreement with OpenAI
On the 27th, Bloomberg reporter Mark Gurman said in the latest issue of the real-time newsletter that Apple has reached an agreement with OpenAI to provide a series of generative AI features for this year’s iOS18 system. The partnership will be officially announced at the Worldwide Developers Conference in 2024. However, Apple is currently in talks with Google to offer its own Gemini as an alternative.
BMW Group’s first-quarter net profit fell 19.4% from a year earlier
The BMW Group has announced its first quarter results for 2024. In the first quarter of this year, BMW Group revenue was 36.614 billion euros, a slight decrease of 0.6%. Net profit was 2.951 billion euros, down 19.4%; In addition, the BMW Group’s pre-tax profit in the first quarter of this year was 4.16 billion euros, down 19% from the same period last year. The pre-tax margin in the first quarter was 11.4%, down 2.5% from a year earlier.
The McDonald’s “maimai” mic is on fire
Recently, the “walkie-talkie” toy launched by McDonald’s has exploded among young people. It is reported that the walkie-talkie is a limited edition toy launched by McDonald’s for “61” Children’s Day activities, two for one set, can be used for communication within 300 meters. The unique shape of classic chicken McNuggets and French fries, so that its opening will quickly sell out online and offline, the original price of 38 RMB McDonald’s walkie-talkie, has been fried to 300 RMB by scalpers.
