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Increasing demand worldwide Oil price close to $ 100?

Status: 23.06.2021 3:10 p.m.

Oil is more expensive than it has been in two years. Experts warn of a supply crisis: The prices for crude oil and thus also gasoline, kerosene and heating oil could soon rise much higher.

From Angela Göpfert, tagesschau.de

Oil prices hit new multi-year highs this week. For the first time in two years, a barrel (159 liters) of the North Sea Brent cost more than $ 75 again. For a barrel of the US West Texas Intermediate (WTI) variety, more than 73 dollars were paid on the market – the highest amount since October 2018. Rising oil prices – something that businesses and consumers may need to get used to. According to some experts, the new multi-year highs in oil prices, which many consumers are already feeling painfully at gas stations or when buying heating oil, are just the beginning of a longer upward trend in the oil market.

Analysts predict rising oil prices

The experts at the US investment bank Goldman Sachs expect the Brent price to rise to $ 80 this summer. But that is not the end of the story. An oil price of $ 100 is a “real possibility”. Alex Sanna, top oil trader at Glencore, the world’s largest commodity trading group, also said, according to the Financial Times, that an oil price of $ 100 is becoming increasingly likely.

The experts at JPMorgan even see a new oil super cycle looming and recently renewed their forecast of an oil price of $ 190 in 2025.

Demand congestion as a price driver

Francisco Blanch, raw materials expert at Bank of America, may not look quite that far into the future. For this he has the most precise 100-dollar forecast ready: the oil price could crack the round mark as early as 2022. The market hardly changes on the supply side – and this in turn is offset by an immense backlog of demand. It is easy to explain where this backlog of demand comes from: Just as many private households restricted their consumption during the pandemic, so too many companies put the necessary investments aside. Now that the global vaccination campaign is gaining momentum, at least in the major industrialized countries, consumers, companies and economies have a lot to catch up on.

Delta variant is a risk factor

The more relaxed Corona situation and the awakening global economy are leading to higher demand for crude oil, gasoline, diesel – and kerosene. Oil expert Blanch sees the rising travel industry as a major price driver.

The delta variant of the virus from India, which could lead to a further tightening of the corona measures, is currently also posing a risk to the economy.

Signal of a shortage of supply

In search of signs of whether demand is actually exceeding supply at the moment, it is worth taking a look at the market for so-called oil futures. Current oil futures contracts are quoted there higher than contracts with delivery at a later point in time. Such a constellation, referred to by experts as “backwardation”, is rather unusual and a clear indication of fear of scarcity – “and thus for further rising prices”, as market expert Robert Rethfeld from Wellenreiter-Invest emphasizes.

A price corrective called fracking

The rising prices should actually make re-entry into the oil market attractive for the US shale industry. In the past, the US frackers acted as flexible price correctors on the oil market: If prices rose, more shale oil was drilled in the short term, supply increased, prices fell again.

As a reminder, the last time oil traded above $ 100 was in 2014, when a rapidly growing supply from the US fracking industry brought an abrupt end to the last oil super cycle.

Sustainability trend slows US oil industry

But this mechanism doesn’t seem to work that well anymore. This is due on the one hand to the new US President Joe Biden, who imposed a stop on oil and gas drilling on state-owned land in January, and on the other hand to the global trend towards sustainable investment.

“The number of active US oil wells is increasing only slowly,” emphasizes wave rider expert Rethfeld. “The investors do not want to see an expansion of the production capacities at the moment, but instead demand investments in renewable energies.”

Iran as a risk factor

The production countries of the OPEC + oil cartel, especially Saudi Arabia and Russia, could benefit from the West’s climate policy. It remains to be seen how willing they are to expand production to fill the void left by the US oil industry.

Especially since there are supply risks on the part of OPEC: “After the election of an ultra-conservative cleric as the new president, Iran will have a hard time overturning US sanctions and increasing oil exports,” said Eugen Weinberg, raw materials expert at Commerzbank .

Inflation Risks Before Revaluation?

Should the oil price actually rise further towards 100 dollars, this would inevitably lead to a reassessment of the inflation risks in the financial markets, since the oil price is one of the main drivers of consumer prices.

Just yesterday, Jerome Powell, head of the US Federal Reserve (Fed), told the House of Representatives budget committee again that the Fed was considering the current high inflation rates a temporary phenomenon considered. However, market expert Rethfeld emphasizes: “Any oil price above $ 100 would suggest to the public that Powell is wrong.”

Market power of Chinese companies Beijing takes on tech companies

Status: 23.06.2021 12:18 p.m.

Numerous large and valuable tech companies have emerged in China in recent years. The government did its best to promote the rise. In the meantime, however, the feel-good phase is over.

By Steffen Wurzel, ARD-Studio Shanghai A small coffee shop in Shanghai’s Jing’an business district. The shop is popular, a take-away coffee costs the equivalent of two euros, a bargain for this location. The fact that shopkeeper Wu Jialing is still worth it is because he can sell a lot of coffee within a short period of time. Customers pay by smartphone. You simply scan the QR code that is hanging next to the coffee machine. “Paying by app is incredibly fast,” says the shop owner. Serving the cash register, looking for change, washing your hands after contacting the cash register and cash – all of this is eliminated. Correspondingly more sales are possible.

Revolutionized dealing with money

The payment apps Alipay and WeChat-Pay have revolutionized the way money is handled in China within a few years. Instead of struggling with the mostly old-fashioned, complicated and sluggish state banks, most Chinese people now fully rely on the smartphone apps of the domestic fintech companies Ant and Tencent to handle their everyday financial transactions.

It is no longer just about cashless payments. The Alipay app can now also be used to take care of investments, insurance and old-age provision. That too weakens the role of the state banks. “In the area of ​​finance, China has developed from a very backward place to a global pioneer in terms of fintech,” explains Martin Chorzempa of the Peterson Institute for International Economics in Washington. Not only in the financial technology sector have new, powerful large corporations emerged in the country in recent years. There was also a start-up boom in other tech areas, financed partly by state and partly private venture capital.

Government rethinking corporate relationships

Whether online shopping, social media or delivery services: For years, companies such as Alibaba, Bytedance and Meituan have been able to rely on political and sometimes financial support from the government. But in the past few months the climate has changed, says Duncan Clark, head of the management consultancy BDA in the Chinese capital Beijing. “It seems that the government in China is rethinking its relationship with the big tech companies.”

Obviously, some of the big tech companies have grown too big too quickly for the communist leadership – and above all too powerful. The fact that cartel and supervisory authorities are taking action against the market power of large corporations such as Google, Amazon or Facebook is also true in Europe and the USA. But: “What makes the matter special in China are the outstanding position of the Communist Party and the tensions that exist again and again in China: Tensions between the large state corporations supervised by the CP on the one hand and the private sector on the other.” explains Clark.

Ant IPO stopped

These tensions became apparent in China over the past year. In several cases, the state and party leadership slowed down the emerging private companies. Ant, the parent company of the payment and financial services app Alipay, wanted to go public last November, for example. It would have been the largest IPO in world economic history. With him, the Chinese fintech company Ant would have collected around 30 billion euros. But two days before the equity debut in Hong Kong and Shanghai, the government surprisingly stopped the IPO. Ant does not meet certain regulations, it was announced. Further details: none. But in the following weeks it became clear that the cancellation of the Ant IPO probably came from the very top. China’s state and party leadership was apparently bothered by statements by Ant boss Ma Yun, alias Jack Ma, who said in a speech in Shanghai shortly before the planned IPO: “As far as the financial sector is concerned, we are still beginners in China. We do have Big banks – they are like big rivers. But what we mainly need are small lakes, ponds, streams and smaller rivers. ”

Open criticism crosses a red line

China’s financial system, previously dominated by large state banks, harbors risks, Ma criticized. That is unhealthy. A statement that many experts would endorse, but from the point of view of the communist leadership, the previously ubiquitous model manager had crossed a red line with his open criticism of the state banks.

The IPO of his fintech company Ant burst. Ma himself had to withdraw to a large extent from the public.

Several company directors resigned

“At first it was thought that this was all about Jack Ma because he was so open about himself, and about his company Ant,” says management consultant Clark, who has also written a book about the rise of Jack Ma. “But since then we have seen much more extensive crackdown by the authorities against large tech companies in China.”

Other prominent startup founders and tech billionaires resigned. For example, Zhang Yiming, the head of the TikTok parent company Bytedance, and Huang Zheng, who ran the emerging Chinese online shopping group Pinduoduo. The reasons for the resignations are unclear, but most industry observers believe government pressure played a role. “The Communist Party is profiting enormously from the consumption boom that all these tech companies have triggered in China,” Clark analyzes. “But this is not a one-way street. We see a certain double dependency between the CP and the tech companies: Both somehow need each other, but in the end the party says: ‘You need us more.'” It is becoming increasingly clear that China’s leadership is no longer allowing private tech companies to get away with as much as it has before. They too must submit to the Communist Party’s claim to leadership. Criticism will not be tolerated, however subtle it may be.

Lost 25 billion euros in one post

This was recently also experienced at the delivery service group Meituan, against which the antitrust authorities are investigating. Meituan boss Wang Xing posted a historical satirical text that is more than 1000 years old in early May. This text is about criticism of a former Chinese emperor. Some understood the post of the company boss and multi-billionaire as a hidden criticism of today’s rulers. The Meituan boss deleted the posted text, but Meituan’s stock market price plummeted by almost 15 percent, and the company lost around 25 billion euros in value in one fell swoop. The fact that Xing then donated around ten percent of his personal fortune, around 1.8 billion euros, to a charity is understood as an attempt at penance. “Many company bosses in China are currently examining how they can get rid of outstanding titles or even parts of their assets,” reports management consultant Clark. “It’s about behaving as inconspicuously as possible, no longer being the tallest tree in the forest. Because it is the first to be felled.”

Figure 1. One-year U.S. Treasury Yield-ATFX

It can be seen that before last week, the US short-term debt has been in a downward trend; after the Fed’s interest rate decision, the significant long-term yang line broke through the previous multi-week K-line high. The recent rise in the US dollar index is largely due to the rise in short-term US bond interest rates. The one-year U.S. Treasury’s “low creeping” began on March 23, 2020. During this time, the United States was cutting interest rates on a large scale in response to the new crown pneumonia epidemic. Up to now, the “low creeping” time has been maintained for 15 months, which is rare. Even if the Fed does not take measures to reduce the size of monthly bond purchases in the second half of the year, market expectations will continue to heat up, which is completely sufficient for the rise in short-term U.S. interest rates. The risk is that the Fed’s decision logic is to “cut interest rates if nothing is resolved”. If there is a black swan incident in the second half of the year, the expectation of reducing the size of bond purchases will no longer exist, and both U.S. Treasury interest rates and the U.S. dollar index will plummet.

Figure 2. Ten-year U.S. Treasury Yield-ATFX

Long-term U.S. bond interest rates have performed poorly. Even when expectations of reducing the size of bond purchases were strongest last week, they only closed the inverted hammer K-line with a long upper shadow. Part of the reason is that the Fed’s monthly debt purchases are mainly long-term bonds, and ten-year U.S. bonds are one of them. The 80 billion monthly bond purchases have pushed up the price of U.S. Treasury bonds and will correspondingly lower U.S. bond interest rates. From this perspective, U.S. bond yields are not entirely determined by the market, and there are certain regulatory attributes. The Fed does not want U.S. interest rates to rise quickly without a strong economic recovery, because this will have a negative impact on the business economy. Figure 3, US dollar index weekly chart-ATFX The dollar index has successfully bottomed, and the support point is at the previous low of 89.18. As can be seen in the figure, the previous high of 93.41 has become the resistance level for this round of rising. Only when this price is effectively broken can the future upside space be fully opened. The channel line in the chart shows that the upper rail suppressed this week’s rise. There is the announcement of the PCE price index in the first quarter of the US on Thursday. If not surprisingly, the published value will be 2.5% higher than the previous value, which will give a certain boost to the US dollar index bulls. In addition, during the first four days of this week, senior Fed officials will make speeches every day. Traders need to pay close attention to their views on labor market and price changes. ATFX Disclaimer : 1, The above analysis only represents the views of analysts. The foreign exchange market is risky and investment needs to be cautious. 2. A TFX will not be responsible for any profit or loss that may be caused by the direct or indirect use or reliance on this information. Source: Financial World Network

There are 91 daily limit. Although I seem to never get along with the daily limit, it doesn’t affect my mood. What kind of style determines what kind of ending, I play for the medium and long-term stability, and even the semi-equity index fund ETF is destined to be insulated from the daily limit, but it is constantly rising.

Some people say that the water used for food brewing has plummeted. Isn’t it a good thing? A small T on the disk can regain the blood, reducing the cost and being naughty again. If you evaluate it objectively and it falls, where will the market get better? Which time did it not directly crash the Shanghai Composite Index, but also brought the index to rise again.

The temper of securities is to rise and fall. They dare not pull up and are afraid that they will not be able to suppress the madness of the index. They can only let consumption rush to the front. Only the water energy brewed by grain is the only side of consumption.

On Tuesday, you can expect to accelerate the rise

On Monday, the trend was perfect. It bottomed out twice, and many people were washed out, and they were short of 3,500 points. There has never been a peak that retail investors can foresee. When they are all on the run, please bear with me. If you breathe more than anyone in the end, you will win.

This dishwashing technique is too familiar, with 3,500 points as the psychological point, repeated shocks between the communities, without losing chips, boiled the green baby in warm water, and left people off the car. Things that can’t be done sideways at 3,600 points, fall back to 3,500 points, then it’s easy to do.

However, the main funds have never been worried that the return will be less than 3,600 points. Only the panicked retail investors worry that they will not return. Securities fully adjusted, a big positive line, they will chase in again, and their emotions will see 4000 points again.

The people who are short of 3,000 points here are the same group of people who were brainwashed by 4,000 points of speech. They are the eternal gods of wealth in A shares, and of course they are the kind who send warmth.

Some things you missed, forget it Say it again, all high-quality long-term tracks are not your short-term naughty place. Taking profits to fight for profits and chasing high to enter the game are two different things. One detail determines your final outcome. In the event of a big drop, those who chased the high were complaining besides panic, while those who held it happily did T for nothing. What is the mentality? It is not just learning to have it, but the confidence, what is the confidence, it is the thick floating profit, when your costs are all negative, do you still have the idea of ​​panic when you encounter this kind of plummet? I said that my trading system is to start holding at a low position and operate in a floating position until the cost drops to a negative number one day. Then you will be more calm. If you increase your profit, you can decrease your number of shares. You can play for a few years. greasy. For example: medicine, military industry, when you call back, you just ignore it, and you didn’t even notice that the two bottoms of the medical aesthetics were even yang. You may only notice after reading Xiaofan’s article. Why did you happen to be there when the price rose? Final summary There is nothing to say about the market, that’s it, let it be naughty for a while. If you are bearish, please be bearish forever. These are also good things. If you don’t play, you win! Because short positions can outperform 80% of retail investors, just don’t help being lured by the big Yangxian too much.

I’m Xiaofan, thank you everyone for liking and following comments and sharing, light up the little thumb, little rocket, little star below, thank you for meeting… The stock market is risky, investment needs to be cautious!Personal opinion, do not make investment advice

【domestic】

Education concept stocks rise well in the future, they will rise more than 8%

On June 18, the education concept stocks, which had continued to decline, rebounded collectively. As of the close of the U.S. stock market on the same day, the share price of Huafu Education was reported at US$8.13 per share, an increase of 11.37%; the share price of Good Future was reported at US$22.38 per share, an increase of 8.54%; Puxin Education’s share price was reported at US$1.80 per share, an increase of 5.26%; NetEase Youdao’s stock price reported US$22.92/share, an increase of 5.04%; the head of Education’s share price reported US$12.87/share, an increase of 4.55%; Gaotu’s stock price reported US$12.99/share, an increase of 3.42%.

Xueda Education intends to use idle self-owned funds for entrusted financial management

On June 18, Xueda Education issued an announcement stating that the company held the 25th meeting of the Ninth Board of Directors on June 18, 2021, and reviewed and approved the “Regarding the use of idle self-owned funds for entrusted financial management in the next twelve months”. “Proposal”, agreed that under the premise of not affecting the company’s normal operations and controllable risks, the company and its holding subsidiaries use idle self-owned funds for entrusted wealth management, with a limit of no more than 800 million yuan, and the funds can be used on a rolling basis. The aforesaid quota is allocated according to the actual situation, and specific project decision-making and implementation are carried out. The authorization period is within 12 months from the date of approval by the shareholders meeting. Xueda Education stated that through moderate risk-controllable entrusted financial management, it is conducive to improving the efficiency of capital use, increasing the return on cash assets, and creating greater returns for the company and shareholders.

Tianli Education receives an increase of 3 million shares held by the company’s chairman Luo Shi

On June 18, Tianli Education announced that on June 18, 2021, the company’s chairman, chief executive officer and executive director Luo Shi purchased a total of 3 million company shares on the open market at an average price of about 2.95 Hong Kong dollars per share. After Luo Shi made the above-mentioned share purchase, his shareholding in the company has increased to approximately 40.43% of the company’s total issued share capital on the date of this announcement. In addition, from June 7 to 18, 2021 (both dates inclusive), according to the plan and the trust deed, the trustee of the plan will purchase a total of 5.193 million shares in the market at an average price of approximately HK$3.60 per share. It is held in trust for the benefit of eligible participants.

Babytree Group Appoints Co-Chairman of the Board of Directors and Change of Non-executive Directors

On June 18, Babytree Group issued an announcement stating that the board of directors announced that from June 18, 2021, Gao Min, a non-executive director and vice chairman of the board, has been appointed as the co-chairman of the board. He will continue to serve as a non-executive director and will no longer Served as the vice chairman of the board of directors. And Wang Changying has resigned as a non-executive director and a member of the company’s strategy committee, while Chen Weijun has been appointed as a non-executive director and a member of the company’s strategy committee. The announcement shows that the above changes will take effect from June 18, 2021.

New Oriental Yu Minhong refutes rumors: there has never been an internal forum

Recently, “New Oriental’s internal discussion report said that starting from 2022, classes will not be available on weekends, winter and summer vacations; subjects and non-subjects under the age of 6 will not be available; all tools for “shooting and searching questions” will be removed from the shelves.” etc. content. In response to this news, Yu Minhong, the founder of New Oriental Group, responded in the circle of friends: “New Oriental has never held such a meeting, and we don’t know any news. Life is not easy, why do you even stabbed in the back?” Soon after Yu Minhong posted, New Oriental was in The Weibo client officially refuted the rumors, stating that it had not conducted a so-called discussion on the relevant content and was unaware of the above content. New Oriental reserves the right to pursue the legal responsibility of the rumors and take legal measures to protect its legitimate rights and interests.

Henan Province establishes a college entrance examination system for vocational education

Recently, the Henan Provincial Government website announced the “Opinions of the Ministry of Education and Henan Provincial People’s Government on Deepening the Reform of Vocational Education and Promoting the Construction of a Skilled Society” (hereinafter referred to as the “Opinions”). The “Opinions” proposed to support Henan to deepen the reform of the college entrance examination, establish a spring “vocational education college entrance examination” system, and adopt the “cultural quality + vocational skills” examination enrollment method. Applicants are fresh graduates of vocational colleges and social personnel, and “vocational skills” The weight of test scores shall not be less than 50%. Support Henan to expand the scale of enrollment for college graduates entering the undergraduate stage of ordinary colleges and universities; support Henan colleges and universities, applied undergraduate colleges and universities, and undergraduate-level vocational schools to carry out the “3+2” counterpart training pilot. Support Henan in accordance with the relevant regulations of the Ministry of Education to recruit the winners of this province to participate in the World Skills Competition on behalf of my country to receive undergraduate level education.

Shandong Provincial Department of Education: Schools are not allowed to organize summer make-up lessons or participate in tutoring classes

Recently, the Shandong Provincial Department of Education issued the “Notice on Doing a Good Job in the Summer Study and Life Arrangements for Primary and Secondary School Students” (hereinafter referred to as the “Notice”), requiring primary and secondary schools in all regions to carry out safety education as a mandatory action and a required course for students before vacation. Focusing on key contents such as epidemic prevention, drowning prevention, Internet addiction prevention, food hygiene, and traffic safety, comprehensive safety education is carried out. The “Notice” also clearly states that education administrative departments and schools at all levels shall not organize students to come to school collectively or take classes online, make up lessons or organize self-study in a unified manner for any reason, and shall not participate in or organize students to participate in various tutoring training classes in any form, and schools are forbidden Jointly or lease school buildings to social forces to run schools for the establishment of cram schools and training courses. In addition, all cities are required to set up supervisory and reporting telephones and make them public on government websites to actively accept social supervision. Intensify investigation and punishment, and severely deal with schools that violate regulations in accordance with regulations.

【foreign】

Lingokids completes $40 million Series C financing

Recently, Lingokids announced the completion of a $40 million Series C financing. The lead investors of this round of financing have not yet been disclosed, and the investors include GP Bullhound and existing investors HV Capital and Ravensburger. It is reported that the funds raised will be used for further international expansion, the development of new and attractive content formats for children, and global recruitment, especially for engineering and development teams. According to the data, Lingokids is a language teaching start-up company dedicated to helping children learn a second language. It has developed an online interactive language learning game for children aged 2-6. This game can now be used to learn English and simple Chinese and Spanish learning functions will also be launched soon.

Analyzes show that the Colombian mammoth that inhabited North America during the last ice age was a hybrid between a woolly mammoth and a previously unknown line of mammoths. In addition, the study also provides new insights into when and how quickly mammoths adapted to cold climates. About a million years ago, there was no woolly mammoth on Earth (also known as tundra mammoth, scientific name: Mammuthus primigenius) ; or the Colombian mammoth (scientific name: Mammuthus columbi) , because they haven’t evolved yet. The ancient steppe mammoths were their ancestors. Researchers have now managed to analyze the genomes of three ancient mammoth species, using DNA recovered from mammoth teeth that had been buried for 0.7 to 1.2 million years in the permafrost layer. in Siberia. This is the first time DNA has been sequenced and authenticated from specimens that are millions of years old, and extracting DNA from these samples has been a challenge. The scientists found that only a small amount of DNA remained in the samples, and that they were broken down into very small fragments. Love Dalén, Professor of evolutionary genetics at the Center for Ancient Genetics in Stockholm, said: “This DNA is very ancient. The specimens are thousands of times older than the Viking relics, and even more predated the existence of humans and Neanderthals”. The ages of the specimens were determined using both geological data and molecular clocks. Both types of analysis show that two of the specimens are more than 1 million years old, while the third is about 700,000 years old and represents one of the earliest known woolly mammoths. come. The unexpected origin of the Colombian mammoth Genomic analysis shows that the oldest specimen, about 1.2 million years old, belongs to a previously unknown lineage of mammoth genes. The researchers call this the Krestovka mammoth, a name based on the area where it was found. The results show that the Krestovka mammoth diverged from other Siberian mammoth species more than 2 million years ago. “This came as a complete surprise to us. All previous studies have shown that there was only one species of mammoth in Siberia at that time, called the steppe mammoth. But the Our DNA analysis now shows that there are 2 different genetic lines, which we here call Mammoth Adycha and Mammoth Krestovka . We can’t say for sure yet, but we think they may represent two different species,” said Tom van der Valk, lead author of the study. Teeth of the Krestovka mammoth. Source: CPG The researchers also suggest that it was the mammoth of the Krestovka lineage that “dominated” North America about 1.5 million years ago. In addition, analyzes show that the Colombian mammoth, which lived in North America during the last ice age, was a hybrid. Nearly half of its genome comes from the Krestovka lineage and the other half from the woolly mammoth. “This is an important discovery. It seems that the Colombian mammoth, one of the most iconic species of the Ice Age in North America, evolved through a crossbreeding that took place about 420,000 years ago.” – Dong Author Patrícia Pečnerová said. Evolution and adaptation in the woolly mammoth The second million-year-old genome, from the Adycha mammoth, appears to be the ancestor of the woolly mammoth. The researchers were therefore able to compare its genome with that of one of the earliest known woolly mammoths that lived 0.7 million years ago, as well as with the genome of a mammoth. sucking only a few thousand years old. This makes it possible for scientists to investigate how mammoths adapted to life in cold environments and the extent to which this adaptation evolved during speciation. Proving how this giant animal has “risen” strongly over the past millions of years under extreme cold weather. The analyzes show that gene variants associated with life in the Arctic, such as hair growth, thermoregulation, fat accumulation, cold tolerance and circadian rhythms , appeared in the million-year-old mammoth, long before the origin of the woolly mammoth. These results indicate that most adaptations in the mammoth lineage occurred slowly and gradually over time. “Our analysis shows that most of the adaptations to cold weather were present in the ancestors of the woolly mammoth, and we found no evidence for natural selection. faster in speciation,” said co-author David Díez-del-Molino. Like their modern relatives, mammoths were quite large. The largest known species reach a height of 4 m and a weight of up to 8 tons, with some particularly large males weighing more than 12 tons. Future research The new results open the door to a host of future studies on other species. Love Dalén and co-author Patrícia Pečnerová with a mammoth tusk on Wrangel Island (Arctic Ocean). Photo: Gleb Danilov About a million years ago was a time when many species of organisms flourished across the globe. This is also a time of great changes in climate and sea levels, and the last time the Earth’s magnetic poles change positions. Therefore, the researchers think that genetic analyzes on this time scale have great potential to explore a wide range of scientific questions. “One of the big questions right now is how far back in time we can go. We haven’t reached the limit for the longest. It is expected that we can recover DNA that is two million years old, and even more so. can even go back as far as 2.6 million. Before that, there was no permafrost where ancient DNA could be preserved.” Anders Götherström, Professor of Molecular Archeology and lead researcher at the Center for Paleontology. These findings are published in the journal Nature.

Produced | Sohu School of Business

Editor | Xu Xiaoqi Wang Zhen

Today, when the pressure of social competition is accelerating, so-called irregular working time mechanisms such as the “996 work system” have been derived. Some people say that this is a kind of blessing that allows young people to grow up quickly. Others say that this is a shortcut to self-destruction.

Is the “996 work system” really a blessing? Entering the era of digital economy, what changes will corporate organizations have? Sohu Business School talked with Lv Shousheng, president of the Beijing Chinese and Foreign Enterprise Human Resources Association. Lv Shousheng believes that corporate competition is becoming increasingly fierce, and some companies with strong sense of crisis and weak profitability have to work overtime to adapt to this competition. To a certain extent, proper overtime can help to enhance the competitiveness of enterprises, but excessive overtime can harm work efficiency to a certain extent.

Talking about the obstacles that Chinese companies face in “going out”, Lu Shousheng said that some countries have set many restrictions on the investment of Chinese companies, especially some industry associations and trade unions, which are full of vigilance about the entry of Chinese companies. “Some companies worry that we will move their technology to China in the course of mergers and acquisitions, thereby reducing local production. Therefore, they have doubts about our investment sincerity.”

According to Lu Shousheng, the “Going Global” of Weichai Group, where he belongs, is a successful case. Weichai is an international company with cross-field and cross-industry operations. It has power systems, automotive business, construction machinery, intelligent logistics, agricultural equipment, marine transportation equipment and other business sectors around the world. Its subsidiaries are in Europe, North America, Asia and other regions. , Products are exported to more than 110 countries and regions.

Lv Shousheng said that Weichai Group began its international exploration in 2009. In this process, The first is to be good at using international talents; the second is to establish a regular exchange mechanism for talents; the third is to do a good job in cultural communication and integration. Because the integration of cultures and people in different regions takes time, we must use the spirit of responsibility, communication, tolerance, and innovation to promote the two sides to reach consensus when differences arise.

The “14th Five-Year Plan” announced on March 12 and the 2035 long-term goal clearly stated that the statutory retirement age will be gradually delayed. What is the impact of delayed retirement on the job market? Lu Shousheng said that the overall situation of delaying retirement has been determined. In the future, it will be common for people in their 50s and 60s to find jobs in the job market. The silver hair market will gradually rise in the future, which is a useful supplement to the current shortage of talent market and labor supply.

Lu Shousheng believes that To deal with delayed retirement, companies need to provide timely training to people of similar ages. Some employees are limited by knowledge and skills, and have insufficient grasp of the new economy, especially digital capabilities. Companies should do some counseling and training early in this regard to avoid them Fall behind prematurely.

Second, create as many opportunities as possible to give full play to the talents of the elderly. Third, companies should strengthen health management and energy management, such as providing fitness facilities, enhancing the physical fitness of employees, and regularly arranging physical examinations to prevent them from getting too early. The exhaustion of physical function; the last thing is to do a good job of career guidance to prevent employees from not reaching the age of retirement, but they think of retirement early in their minds.

The following is a compilation of interviews:

Sohu Finance: 996, large and small work week, what are the underlying reasons for the existence of overtime culture in Chinese companies? From the perspective of corporate management, can it really improve corporate efficiency and competitiveness?

Lu Shousheng: At present, the competition among industries is very fierce. Companies mainly want to improve their competitiveness and increase output. They often actively and passively let employees work overtime. Some companies have unmatched advantages in natural resources, business models, core technologies, and customer acquisition. In this case, these companies do not need to work overtime.

However, some companies have a strong sense of crisis and relatively weak profitability. In addition, the production rhythm and production tasks are relatively heavy, and they have to work overtime to adapt to this competition. To a certain extent, proper overtime can help improve the efficiency and competitiveness of enterprises. Excessive overtime is not enough, which will damage work efficiency to a certain extent.

Sohu Finance: Excellent Chinese companies such as Huawei and ByteDance often face local policy challenges and pressures when going overseas. What do you think is the most important problem that Chinese companies need to solve in the process of internationalization?

Lu Shousheng: First of all, we must understand and understand the local employment policies and business rules, pay attention to cultural differences, and avoid discomfort.

Secondly, Chinese and foreign companies also have differences in personnel dismissal. European companies have relatively strong trade unions, and it is often very troublesome for companies to dismiss a person. But in China, the entry and exit of corporate personnel is relatively flexible.

Some countries have set many restrictions on the investment of Chinese companies in order to protect local industries. In particular, some industry associations and trade unions are full of vigilance about the entry of Chinese companies, and even doubt the sincerity of investment. These are obstacles that Chinese companies have to face in “going out”.

Sohu Finance: What are the successful examples of companies in the process of internationalization?

Lu Shousheng: The Weichai Group I serve now, their “going out” is a good case. Weichai Group began its international exploration in 2009, and successively acquired French company Baudouin with a history of 100 years. In the process of integration, many companies lost money at the beginning of mergers and acquisitions. However, through domestic and foreign linkages, we have achieved a turnaround from loss to profit, and achieved industrial synergy.

In the process of Weichai’s going global, the first is to be good at making use of international talents. The second is to establish a regular exchange mechanism for talents. We will invite the heads of overseas investment companies to the Chinese headquarters or affiliated companies for visits, learning, and exchanges. At the same time, high-potential talents cultivated in China are sent abroad to participate in their project learning process like a shadow plan.

The third is to do a good job in cultural communication and integration. Finally, the employees of Chinese local companies learn how foreign countries pay attention to quality and quality process optimization, so as to enhance our own management capabilities and increase the practical experience of the front line.

Sohu Finance: Compared with Western management models, what are the characteristics of Chinese management models and what practical results have they achieved? What aspects need to be learned from Western managers?

Lu Shousheng: It is difficult to have a unified definition of Chinese-style business management, let alone any standard. Chinese companies emphasize authoritative leadership, and employees have a strong sense of awe and respect for leaders. The West is relatively democratic. In terms of decision-making mechanisms and strategy formation, more emphasis is placed on teamwork.

Secondly, with regard to management style, the West favors a coaching style of leadership, that is, I teach you how to do it. In China, the leadership style is more command-based, that is, I say you do it. Chinese-style management has a strong affinity, and the West emphasizes equality and fairness. What needs to be learned from the West is to play the role of a coach, do less preaching, and provide more guidance instead of telling the answer directly.

Sohu Finance: Three years after Pinduoduo went public, Huang Zheng resigned as chairman, completing the exit of all the founders. How should we evaluate the impact of the founder’s exit on the company?

Lu Shousheng: The founder’s withdrawal from the company may be due to other pursuits of the founder. This is a proactive action, such as Wang Shi withdrawing from Vanke, Jack Ma withdrawing from Alibaba, and Huang Zheng withdrawing from Pinduoduo. Some of these withdrawals are motivated by personal hobbies, and some are motivated by the pursuit of other life values ​​and higher missions.

Some companies have made preparations for this a long time ago, such as Vanke’s Yu Liang and other managements, who are familiar with the company’s governance structure, management capabilities, company culture, and operating mechanism. Therefore, the exit of the founder will not have a major adverse impact on the company, but will be beneficial to the iteration and growth of talents.

Sohu Finance: The Ministry of Human Resources and Social Security has made it clear that the statutory retirement age will be gradually delayed. What is the impact of delayed retirement on the job market? As a company’s HR, how to deal with delayed retirement and what preparations should be made?

Lu Shousheng: The society needs to emphasize flexible employment, which means that people who are older but still have a good skill can continue to work. Companies should pay attention to employees’ innovation, willingness to work, and vitality. They cannot be one size fits all, but only look at age.

In the future, it will be more common for people in their 50s and 60s to get new job opportunities in the job market, and the silver hair market will gradually rise. This will be a useful supplement to our current shortage of talent market and labor supply, and it will also ease relatively speaking. The gospel of labor shortage and talent shortage.

First, companies must provide timely training to people of similar ages. Some personnel are limited by knowledge and skills, and have insufficient grasp of the new economy, especially digital capabilities. Companies must do some counseling and training early in this regard to avoid them prematurely The lagging behind.

Second, create as many opportunities as possible to give full play to the talents of the elderly. Third, companies should strengthen health management and energy management, such as providing certain fitness facilities, enhancing the physical and physical fitness of employees, and arranging regular physical examinations to prevent them from premature physical failure, and to prepare for a longer term. .

The last thing is to do a good job of guidance to prevent employees from thinking about retirement early in their hearts before they reach the age of retirement. Companies need to clarify their own mechanisms to provide better opportunities for older, but still vigorous and energetic employees.

Sohu Finance: Has the company’s requirements for outstanding employees changed under the influence of the long-term epidemic? Under the global market environment, how do companies carry out the strategic layout of talents?

Lu Shousheng: The first requirement for outstanding employees is performance. The second is strong learning ability and innovation ability. The third is attitude. Outstanding employees often have a strong sense of professionalism, collaboration, and teamwork.

Under the influence of the epidemic, some companies hope that outstanding employees can be more resilient and not give up because of temporary difficulties, which may cause doubt or frustration about the company. Excellent employees must be able to actively adapt to this change and turn the crisis into vitality. , Turn pressure into motivation. Excellent employees are those who seldom complain about the objective environment and will proactively look for opportunities.

If an enterprise has a globalization and internationalization strategy, it must reserve talents in advance. For example, whether the selected managers have bilingual communication skills, and whether they have a certain understanding of the international business environment. In addition, as the international situation continues to change, globalization issues are temporarily facing some challenges. Enterprises cannot change their determination to globalize. Under such circumstances, the acquisition and preparation of talents must be advanced, rather than behind closed doors.

The Dragon Boat Festival holiday provided a limited boost to the market. Pig prices continued to fall significantly, and the average price of foreign three yuan fell below 15 yuan/kg. At present, the price of pigs in most areas of East China, Central China, and South China is around 15-16 yuan/kg, and all other regions have fallen below 15 yuan/kg. The high temperature and high humidity not only caused the consumption rate of fat pigs to slow down further, but also increased the risk of spreading the disease of live pigs. The enthusiasm of farmers to slaughter increased, especially in the southern region, where the price of pigs continued to fall. In addition, although pork prices have continued to fall recently, pork prices in most areas have fallen to 10-12 yuan/jin, but the prices of ribs and pork knuckles are not much cheaper, and the prices of ribs in most markets in Sichuan are still 24 yuan/jin and above. , It also reflects from the side that the current market continues to show a situation of less pigs and more meat. Pig prices are expected to remain weak for most of June.

Prices rise by five percent Highest US inflation since 2008

Status: 10.06.2021 5:44 p.m.

In the USA, consumer prices have risen as sharply as they did almost 13 years ago – which is felt above all by car buyers. The European Central Bank also expects higher inflation in the euro countries. Is it just a short-term phenomenon or is inflation now making its big comeback? In the USA there is a growing fear of ever higher prices. Some are already pulling Parallels to the 1970s when President Jimmy Carter failed to get a grip on high inflation and job misery. Although the USA is still a long way from the double-digit inflation rates of that time, the price jumps are getting bigger from month to month. After inflation had risen above four percent in April, it has now climbed to 5.0 percent in May. That is the highest rate since August 2008. Experts had only expected an increase in the cost of living of 4.7 percent. “The dreaded five has become a reality,” said market observer Thomas Altmann from investment management company QC Partners.

Federal Reserve under pressure

The strong growth impressively proves that the price surge in April was not a slip-up, said LBBW analyst Dirk Chlench. “The US Federal Reserve is coming under increasing pressure to reconsider its view that the recent price hikes are only of a temporary nature.” As in April, the prices for used cars turned out to be the biggest inflation driver. They rose again strongly – and, according to the US Department of Labor, accounted for around a third of the monthly price increase.

Core inflation at its highest level since 1992

Particularly alarming is core inflation, which excludes volatile components such as energy and food. It climbed 3.8 percent in May. The last time there was such a sharp increase was in 1992. In April, the core inflation rate was 3.0 percent. The end of the corona lockdowns and the trillion dollar cash injections by the US government have been driving inflation in the US for months. Prominent economists like Larry Summers, Olivier Blanchard and Mohamed El-Erian warn against underestimating the danger. According to Blanchard, the high government spending under US President Joe Biden could overheat the economy.

Just a passing trend?

Most economists are still looking at the trend with serenity, however. In their opinion, the development is mainly based on temporary factors. The US service sector is back in normal mode in many places. Prices for air travel and hotel accommodation are picking up again and are well above the previous year’s level, says chief economist Thomas Gitzel from VP Bank. “So there are so-called base effects at work once more.” At the same time, the shortage of semiconductors is now at least indirectly affecting consumer prices. If there are no new cars due to a lack of semiconductors, customers switched to used cars. These would have become significantly more expensive. Gitzel predicts that the price level will slowly drop from a high level in the summer months. The US Federal Reserve (Fed) claims that inflation will only pick up temporarily. Because compared to the previous year, the economic downturn in the Corona year 2020 resulted in high rates of price increase. That is why the central bank has not yet seen itself under pressure.

Little movement on Wall Street

Wall Street barely reacted to the renewed surge in inflation. The Dow Jones rose by 0.6 percent, the S&P 500 even jumped to a record high. The US dollar gained against the euro. So investors do not anticipate a tightening of monetary policy in the US for the time being. In the eurozone, too, the money locks are still strongly open. The European Central Bank (ECB) is sticking to its trillion-dollar anti-corona crisis program (PEPP) and plans to expand bond purchases in the next quarter compared to the first three months of the year. In doing so, the central bank wants to avoid tightening the financing conditions for companies, states and private households.

ECB raises inflation forecast

The rising inflation hardly worries the euro watchdogs . The higher euro will dampen inflation, said ECB President Christine Lagarde. Nonetheless, the ECB raised its inflation forecast. According to the central bank, inflation should be 1.9 percent in 2021. In March, the ECB was still assuming an increase of 1.5 percent. For 2022, the monetary authorities expect an annual price increase of 1.5 percent and for the following year unchanged at 1.4 percent. According to the ECB, inflation that is too high can lead to a price spiral. Higher prices mean consumers get less goods for their money. So they demand higher wages in order to be able to maintain their standard of living. In turn, in order to pay the higher wages, companies continue to raise the prices of their products. On the other hand, permanently low prices are seen as a risk for the economy: companies and consumers could then postpone investments – in the hope that it will soon become even cheaper. In the medium term, the ECB is aiming for an annual inflation rate of just under two percent. In Germany, the inflation rate is already above this level. In May the Consumer prices compared to the same month last year by 2.5 percent , the highest value since September 2011.

00:35 06/16 Australia opened the scoring against Jordan Harry Souttar opened the scoring for Australia in the 75th minute. If this result remains the same, Jordan is eliminated and Vietnam continues, regardless of the result in the confrontation with the UAE. 00:28 06/16 Vietnam team conceded 2nd goal Ali Mabkhout gave the UAE a 2-0 lead in the 40th minute, after successfully taking a penalty of 11 meters. With this result, the Vietnamese team is ranked 2nd in the race for the second-place teams. Image: Quang Thinh. 00:21 16/06 UAE opened the scoring against Vietnam The UAE team temporarily rose to the top of Group G. From Ramadan’s pass, Ali Salmeen picked up the ball and fired a shot that made Tan Truong give up in the 32nd minute. Photo: Quang Thinh. 00:07 16/06 Iran opened the scoring against Iraq Team Iran and Iraq created an attractive match with tit-for-tat phases. The white team opened the scoring in the 35th minute after Sardar Azmoun’s close-range shot. This result helps Iran rise to the top of Group C. Photo: Reuters. 23:52 15/06 Australia draws with Jordan after 45 minutes The Australian team dominated, holding the ball up to 65%, launching 6 shots but only one hit the target and failed to score. If this score is maintained until the end of the match, Jordan will be eliminated, and Vietnam will win tickets to the third qualifying round of the 2022 World Cup in Asia. Image: AFC. 23:40 15/06 Iran is determined to defeat Iraq “We know we need to win the remaining 4 matches of the group. Iran has beaten Hong Kong (China), Bahrain and Cambodia, but the job is not over. We have to beat Iraq to get tickets to the second qualifying round. three,” said Iran head coach Dragan Skocic. The competition in Group C promises to be fierce, when Iraq is leading with 17 points, 2 points more than Iran. Bahrain, 12 points, still has a chance to go to second place if it wins heavily against Hong Kong (China) and hopes Iran fails. “The match against Iraq will be more challenging than the previous matches because they are a stronger team. We respect Iraq as they have a good team of coaching staff and players. Iran will play with a good squad. The players are in good condition, with a happy atmosphere. We have to forget about the previous matches because we are only one step away from the final qualifying round,” added Mr. Skocic. Image: AFC. 23:19 15/06 Oman won the ticket to continue India drew Afghanistan 1-1 in the match just ended. Thereby, helping Oman to finish second in Group E. Oman has 12 points when compared in the second group, and won the first ticket in the second group to enter the third qualifying round of the 2022 World Cup in Asia, when than Lebanon, Tajikistan and Jordan. Image: AFC. 23:13 15/06 Iran’s starting line-up against Iraq Iran has the service of one of the top two scorers Sardar Azmoun. Iran is second in Group C with 15 points, 2 points behind Iraq. 23:00 15/06 Iran team is offered a reward to defeat Iraq News agency Tasnim said Mohammad Baqer Nobakht, the head of the Program and Budget organization, called the leader of the Iranian Football Federation to offer a reward of $23,750, in case the Iranian team wins over Iraq and advances to the round. Final category World Cup 2022 Asia region. This is considered a great encouragement for Iranian players before entering the final match, which is decisive for the top spot of Group C. 22:48 15/06 Australia launched a strong squad to meet Jordan At 23:00, Australia will face Jordan in the last match of Group B. As long as Jordan does not win this match, the Vietnamese team will continue, even if it drops to second place in Group G. Compared to the squad in the victory over Nepal on June 11, Australia had 4 changes when the goalkeeper captain Mathew Ryan started, along with Ken Dougall, Jamie Maclaren and Trent Sainsbury. 22:41 15/06 UAE must have points before Vietnam Việt If they want to continue, the UAE must have points before the Vietnamese team to at least compete with the second-place teams. UAE is 6th in the group of second-place teams, with 9 points and a difference of +5. 22:38 15/06 Tajikistan rises to second in Group F Tajikistan won 4-0 against Myanmar, and Japan defeated Kyrgyzstan with a score of 5-1. This result helps Tajikistan rise to second place in Group F with 13 points.

But at this moment, don’t forget Lei Jun, the founder of Xiaomi and also the chairman of Jinshan. Jinshan’s WPS is the first batch of software adapted to Hongmeng. What’s so great! What’s the use of showing such a sincerity without software!” A voice like this came out again.······

WPS is not ordinary software, it is the first Chinese office software. WPS is also the only office software on the market that can break the wrist with office. For ordinary people, wps can be said to be free, it does not cost to buy, and the basic functions are enough. At the same time there are Linux and Mac versions, and the scope of application is very wide!

It essentially has the same innovative spirit as the Hongmeng system, the spirit of external resistance and anti-monopoly. He is a domestic software with completely independent intellectual property rights. It is independent in the true sense and is also one of the pride of domestic software. Jin Yong’s novels swept the country in the 1980s. At that time, programmers all harbored a kind of chivalrous spirit in martial arts novels, a person, a sword, and a little prosperous. They also believe that a single person and a computer can raise the banner of domestic software development and work tirelessly for it. Qiu Bojun, the founder of Wps, is such a person.

WPS for DOS

From May 1988 to September 1989, for more than a year, Qiu Bojun locked himself in the room and typed codes every day, during which he was hospitalized three times due to hepatitis. It took hundreds of thousands of lines of code to create the first word processing system WPS 1.0. From that day on, he looked forward to WPS becoming the mainstream word processing software in the Chinese market. At that time, there was very little network communication between China and the outside world, and there was no access to the Internet. Therefore, as soon as WPS came out, it quickly swept the domestic market at that time. In the late 1980s before computers became popular, WPS sold more than 30,000 sets at a price of 2,200 yuan. At the same time, it has become the most well-known software in the country.

Qiu Bojun later went to Zhuhai and founded Zhuhai Jinshan Computer Company, which was also the predecessor of Jinshan Software. After several years of hard work, Wps has a huge market share. Many software parks that came here have joined Jinshan, saying that Jinshan was the Whampoa Military Academy of China’s software industry at that time. It is not too much to say that at that time Lei Jun joined Jinshan.

From left to right: Qiu Bojun, Lei Jun, Yang Yuanqing, Liu Chuanzhi, Shen Jiazheng

In a blink of an eye, it came to 1993, and Microsoft, looking for overseas markets, couldn’t wait to come to China to share a piece of cake. Microsoft’s astuteness is that it binds word5.0 to the Windows operating system, and word5.0 is automatically pre-installed when Windows is installed. In order to correspond to this set of Microsoft’s combination punches, Qiu Bojun and Lei Jun are based on the Windows operating system The forecast of the system developed Pangu components similar to today’s office. Pangu components can be said to have exhausted all the financial and material resources of Jinshan Company, and it took three years for Pangu components to finally go on the market.

But only more than 2,000 sets of Kingsoft were sold. Even more frightening is that the original WPS market has shrunk sharply under the attack of piracy. In the case of piracy and Microsoft, WPS once left only 4 programmers, and even Lei Jun wanted to leave. At this time, the old rival Microsoft Office suddenly came to seek cooperation. I want to communicate the agreement between office and WPS. Simply put, users of two people can open the documents of each other’s products at any time. Is it a gift in the snow or a weasel to a rooster?

All wrong, Microsoft has come to a trick to boil the frog in warm water. Since the two software can communicate with each other, there is no bottleneck. Office has expanded rapidly with the popularity of Windows97, slowly eroding the remaining market share of wps. In China at that time, piracy was rampant, there were more and more pirated systems, and more and more offices. Finally, office occupied more and more Chinese market. It almost monopolizes the domestic office software market.

Watching WPS decline step by step. Microsoft made several requests for the acquisition of Kingsoft and even fired Qiu Bojun an annual salary of 750,000 yuan, but Qiu Bojun refused. In the end, Qiu Bojun sold his villa in Zhuhai for 2 million and continued the development of WPS. It was this feeling that drove Qiu Bojun to lead the development team to work 12 hours a day for 365 days and finally developed WPS97. Although the development was successful, the WPS at this time was still somewhat inadequate compared to the word at the time, and even the WPS developers did not have much confidence.

WPS 97 packaging

But what they didn’t expect was that only two months after the launch of WPS97, 10,000 sets were sold under a large number of government school purchases. (The earliest text editing software I learned in elementary school was WPS97) This brought WPS back to the competition platform with Microsoft. In order to compete, Kingsoft and Microsoft started a price war. In 1999, the “Red Genuine Storm” led by Lei Jun set WPS2000 at 28 yuan, which at that time was equivalent to the price of cabbage for genuine software.

It can be said that the piracy problem that even Microsoft didn’t solve was solved by Lei Jun. However, what Kingsoft never expected was that Microsoft actually allowed the rampant piracy. In 2002, it unilaterally tore up the agreement and subtracted the WPS compatible conversion mode, leaving users to choose one of the two. This brought Kingsoft again. Heavy blow.

Red genuine storm

But who is Lei Jun? Lei Jun was stunned to overthrow the WPS with certain sales volume and redo it. Under the pressure of office, Lei Jun decided to rewrite the wps according to the office’s usage habits, which also made WPS lose the reputation of plagiarism. After obtaining the consent of the founder Qiu Bojun, Lei Jun immediately began to implement this plan after spending a lot of manpower and material resources.

As the leading domestic technology and technology company, Lei Jun has a wide range of knowledge. Recently, it has been reported that Lei Jun wants to enter a new field and wants to acquire Anmaotong APP, which has a lot of friends, from thousands of dollars of sports shoes such as Adinike to major fashion brands. , And then to the famous watches such as LV Rolex, which cost tens of thousands of yuan, it is actually less than 100 yuan on the Anmaotong APP.

On the market, AJ, which was fired at tens of thousands of yuan, and coconut 350, which was sold at thousands of yuan, were sold out 10 blocks by AnyTrade. In just half a year, the Anmaotong APP created a storm in the trend circle of first- and second-tier cities, and young people born in the 90s and 80s are planting grass. Is Xiaomi going to start a new round of e-commerce competition?

In 2005, the new version of wps was launched, and it quickly caught up with office by the wind of the Internet, and even caught up with and surpassed the mobile Internet. Microsoft’s triumphant Hutong project before was used by Lei Jun into a useful weapon against Microsoft. Data interoperability meant that users would have no worries about the future, and the stone that Microsoft lifted eventually smashed itself in the foot.

Later, wps developed Linux and mac versions one after another. The scope of application is wider. Now that the counter-offensive horn is sounded, how to regain lost ground and grab back the lost share? free! The personal version of wps is free to use for life. Enterprise version, professional version charge a certain fee. In this battle, WPS, like Hongmeng, is betting on the future.

In 2005, piracy was still rampant, and free wps was no longer the sweet potato on piracy. In the future, piracy will definitely become less and less, laws and regulations will become more and more complete, and there will be less and less room for pirated software. I don’t need money for the original version, but I’ll give you a try and update. Come on, try everyone! The war between genuine and pirated editions won a protracted battle.

For WPS, now I am full of confidence in its quality. Just like today’s Hongmeng strode forward with confidence. China is now at the forefront of the world in terms of technology and software. It is definitely not because of good luck or technical support from developed countries. It is because a group of Chinese people with knight spirits silently contribute to the country and the people.

To this day, the United States has never stopped its technological blockade, as it was 20 years ago and after 20 years. From software to hardware to system. From Huawei, ZTE, to Jinshan Douyin. Only when the Chinese have mastered the real technology will we have the right to speak. Technology without borders is just a beautiful lie. All technology will become a weapon for hegemonism to maintain its status. And as the light of the nation, a high-tech enterprise can fill the gap with tenacity like countless revolutionary martyrs, fill the gap with blood, conquer highlands from the territory dominated by hegemony, and build the Great Wall free from the intrusion of foreign powers.

The series of photos are set in enclosed, private spaces such as bedrooms, bathrooms and laundry rooms. Jennie wears a sports bra, combined with everyday clothes such as jeans, jackets… This combination makes the 9x beauty sexy enough, but not too revealing. A cold and beautiful face, especially a pair of sharp slants, creates an irresistible charm, mixed with a bit of laziness. The best is to mention the body of the most “hot” member of Black Pink. The set of lingerie helps her deftly show her full bust and flat stomach. The series of photos were widely shared by netizens on Korean and Asian social networks, along with countless “winged” compliments. “I thought she was slim, but it turned out that her body line is really toned”, “Perfect body”, “The pictures are a bit classic but it suits Jennie very well”, “The photo of the phone can make album covers”, “Jennie looks so cool”, “How does she have such a good body? slim and still hot?”… Jennie is only 1m63 tall, but her body does not have any excess fat to help her “hack her shape” more than her actual height. However, in the photos posted by Jennie herself on Instagram, netizens discovered that her first bust was not “hot” as in the series of pictures shared by Calvin Klein. This detail became the subject of essays on social networks. Many people think that she asked for photoshop to “upgrade” a modest bust. Fans defended, despite the “flat screen”, Jennie is still very charming and attractive. The photos shared by Jennie in less than an hour have received more than 1.6 million “hearts”.

Rejected by Facebook Jan Koum is of Jewish descent, born in 1976 into a poor family on the outskirts of Kiev, the capital of Ukraine. Koum’s father worked as a hospital and school construction manager, and his mother worked as a housewife. At the age of 16, Koum followed his mother and grandmother to the US to settle first, intending to settle down to welcome his father. They live off social welfare, from food stamps for those who cannot afford food. Koum’s mother takes care of the kids to earn extra money, while Koum cleans a grocery store. Koum still uses notebooks and pens brought from Ukraine because he lacks money to buy them. In 1997, when Koum was 21 years old, his father died in his hometown. Three years later, Koum’s mother also died in the US from cancer. In high school, Jan Koum didn’t have many friends and was seen as an outcast. He almost failed to graduate because of his lack of education. Jan Koum finds joy in his old computer. This time, Koum joins a hacker group called woowoo. With the experience gained from this hacker group, he applied for the exam and entered the University of San Jose. During his studies, he worked for Ernst and Young Auditing Company in the position of security vulnerability tester. In 1997, he ran into Yahoo employee Brian Acton. With the help of Acton, Koum got a job in cybersecurity six months later at Yahoo. Koum decided to leave school to focus on working for Yahoo. After 9 years at Yahoo, Koum rose to the position of infrastructure manager. In 2007, Koum and Acton both quit their jobs at Yahoo, spending time traveling South America in search of new inspirations. When they returned, the two applied to Facebook together, but were rejected. During his unemployment, Koum mulled over his next job. Buying an iPhone, Koum realized he could succeed with apps from the App Store. Koum came up with the idea to let people set up status updates on their phones. He said: “I am annoyed because I miss a lot of calls when I am at the gym. So I came up with the idea of ​​an app that lets friends know if the person on the other end of the line is ready to take a call, with a feature called “status”. We didn’t originally plan to start a company, we just wanted to make a product that people could use.” In February 2009, Koum and Acton co-founded WhatsApp, turning the product into a messaging app. At first, the cost to verify SMS for users cost about 500,000 USD/month, making Koum’s bank account almost exhausted. By December 2009, they updated a new version for WhatsApp on iPhone, making it possible for this application to send images, immediately the number of users increased. To ensure coverage, WhatsApp charged about $1 a month to use, which brought in about $5,000 in revenue in early 2010, enough to cover expenses later. By February 2013, when the number of WhatsApp users reached about 200 million and the number of employees was 50, Acton and Koum decided to organize a fundraiser and was invested 50 million USD by Sequoia Investment Fund, increasing the value of WhatsApp to 1 , 5 billion USD. The founding duo is very concerned about security for users. “We want to know as little of the user’s information as possible. We don’t run ads, so we don’t need personal data,” Koum said. WhatsApp quickly grew without any marketing or PR campaigns, especially in less developed countries where users rely heavily on SMS messages. Return to conquer the big man WhatsApp’s growth caught the attention of Facebook’s CEO. In 2012, Mark Zuckerberg phoned Koum to express his interest in WhatsApp. The two then kept in touch, often climbing mountains and chatting about the topic of world connection. In February 2014, Zuckerberg met Koum and offered to buy WhatsApp for $19 billion (including $4 billion in cash, the rest in Facebook stock). At the time Facebook acquired WhatsApp, the app had 450 million monthly active users. In 2019, this number has reached 1.5 billion. By February 2021, the application has surpassed 2 billion users in 180 countries, is the world’s most popular free messaging application over the internet today. However, the sale of WhatsApp by co-founders Jan Koum and Brian Acton is said to be a bad decision. The biggest split between WhatsApp and Facebook is the messaging app’s monetization policy. Koum and Acton have resisted the adoption of Facebook’s widespread advertising model, which uses personal data to allow marketers to show ads to specific sets of customers on the social network. Those disagreements have led to tensions with Facebook CEO Mark Zuckerberg and COO Sheryl Sandberg. Acton left WhatsApp in 2017, 8 months later Jan Koum also left. “I sold my company. For great personal gain I sold my users’ privacy to Facebook. I made a decision and compromised with that and I regret it” – Jan Koum shared with Forbes. After the two founders left, Facebook persisted with the policy given to WhatsApp. In early January 2021, WhatsApp made a controversial decision, when it changed its policy and terms of use, requiring WhatsApp users to agree to the sharing of their personal information with the parent company Facebook. and Facebook affiliated companies. According to WhatsApp, sharing information will help this application better understand users, in order to improve and enhance the quality of the service. However, this move of WhatsApp has angered many users and called for a boycott of the application, because they do not want to share their information with Facebook. Many WhatsApp users have switched to other free internet messaging apps and services, like Telegram and Signal. In 2014, Jan Koum entered Forbes’ list of the 400 richest Americans at number 62, with an estimated net worth of $7.5 billion. As of August 2020, his net worth is estimated at $10 billion.

Illustration. The cybersecurity situation has undergone drastic changes in recent times, especially in the context of the Covid-19 epidemic and the trend of remote working. This manifests itself in large-scale and increasingly complex attacks. Hackers perform an average of 50 million password attacks per day, 579 attacks per second. AGAINST MALWARE AND RAMSOMWARE WITH DEVELOPMENT Microsoft’s telemetry results released over the weekend showed that the prevalence of malware and ransomware infections in Asia-Pacific has been increasing over the past 18 months, stretching back to before the Covid-19 pandemic. -19 outbreak to date. Specifically, in Australia it is 23%; China is 80%; India 15%; Japan 16%; New Zealand 19%, Singapore 43%, Hong Kong 38%, South Korea 22%, Malaysia 2%, Philippines 15%, Taiwan 16%, Thailand 3% and Vietnam 7%. Among them, Indonesia alone has a 24% decrease in malware infection rate. The number of cyber attacks and the number of Vietnamese IP addresses in botnets increased in March 2021 due to hackers taking advantage of the increasing demand for Internet use by users as well as people’s interest in translation information. Covid-19. During the same period, the number of ransomware infections (a subset of malware) also increased by 453% in Australia; China (463%); India (100%); Japan (541%); New Zealand (825%); Singapore (296%), Hong Kong (179%), Indonesia (31%), South Korea (64%), Malaysia (72%), Philippines (70%), Taiwan (407%), Thailand (6%) ). This figure in Vietnam is recorded at 15%. In Vietnam, in March 2021 alone, the Information Security Administration recorded 491 incidents of cyber attacks on information systems, an increase of 8.15% compared to February 2021. In which, the number of Malware attacks is 180, while Phishing and Deface attacks are 164 and 147, respectively. In the first quarter of 2021, although compared to the same period in 2020, the number of cyberattacks causing problems on information systems decreased by 20%, but from the beginning of 2021 to now, the number of cyberattack incidents has decreased by 20%. is still in an uptrend. Experts believe that the reason for the increase in the number of cyberattacks and the number of Vietnamese IP addresses in botnets in March 2021 was because hackers took advantage of users’ increasing demand for Internet use as well as the interest People’s attention to information about Covid-19 epidemic. Therefore, the number of Phishing and Malware attacks on systems has increased to cheat, destroy and steal information illegally… It can be seen that, in the context of complicated epidemic developments, when more and more organizations, businesses and individual users work remotely, work from home, they are creating an environment for bad guys to exploit vulnerabilities, Attacks, information theft, large-scale cyberattacks take place in Vietnam and around the world. ABOUT 3.5 MILLION SECURITY PROFESSIONALS IN 2021 Experts say that even as more people begin returning to the office, hybrid work is forecast to remain the norm in the future. According to Forrester, as people gradually settle into a new working model after the pandemic, we will still see an increase in the proportion of employees working remotely compared to before the pandemic, at 300%. And the current Job Trends Index report shows that 53% of respondents in Asia plan to move to a new place because they can work remotely, compared to 46 percent globally. %. That change has been demanding an urgent need for new security solutions to meet the way of working, especially when the network of organizations is no longer limited to the “office wall”. This requires a very different mindset from the traditional “network is the border” and “device protection” approaches. Organizations and businesses need to take data and authentication as the center. While there are many other ways to secure these days, addressing identity, authentication, and information management issues is still critical. Experts have pointed out 4 main pillars to protect users against new work era cyber threats, including: identity protection, Zero Trust mindset, cloud application, and resource investment. security personnel. The network of organizations is no longer limited to the “office wall”. This requires a very different mindset from the traditional “network is the border” and “device protection” approaches. As recent attacks have shown, identity will be the “battlefield” for future attacks. Microsoft Vice President of Security, Compliance, and Identity Vasu Jakkal said that, in a world where identity is the new battleground, adopting a Zero Trust strategy has become a must for businesses. Karma. The hybrid workplace is virtually borderless, so it’s important to establish protective “barriers” around identities and devices. As part of his journey to building a Zero Trust mindset, the expert emphasized that “passwordless authentication will be the trend of the future and that transformation will be seen this year”. Besides the application of technology, experts also emphasize the special importance of people and skills in ensuring information security of each business organization. However, the lack of security professionals and the lack of diversity in security teams are two weaknesses that attackers will find to hit next year, the expert said. It is estimated that the information security industry will be short of about 3.5 million security professionals this year.

Y2K Style: Ideal choice for strong personalities Basically, the Y2K trend became the most searched keyword from the late 1990s to the early 2000s when the internet began to spread widely across five continents. This style is a blend of futuristic spirit with extreme personality and a bit of retro classic. That is reflected in familiar items such as clothes made of light fabrics (or metallics), chunky sneakers, pleated skirts, baguette bags and colorful sunglasses. The main spirit of this style that brings to the wearer is optimism, carelessness and can help the wearer express the inner personality. Of course, the return of Y2K will bring a new breath of fresh air than its original form from the 2000s by the ingenious creation of Millennials and Generation Z fashionistas. New items added to this Y2K style collection include wide leg jeans, baby tee and velvet tracksuit. Baby T-shirt This is a t-shirt style that was loved by young people in the 2000s because of its youthfulness from the design to the belly button or the length through the chest. You can easily find baby t-shirts with funny text, textures or graphic prints on the front. With this baby shirt, in addition to the mixes with spacious mom jeans dotted with a belt, you can also combine it with a pleated skirt or overalls. Clothing using reflective materials The strong growth of the internet since the 2000s has led to the rise of futuristic outfit ideas. For that reason, fashion items made from reflective fabrics or creating eye-catching light effects such as metallics, rainbow colors, etc. are eagerly sought by young people. Costumes using this material seem difficult to coordinate, but if you know the balance, this will be a style choice that is worth the investment. If you own a quilted jacket or silver pants, you can team them with fashion items in bright colors like pink, blue and purple. Don’t forget to choose some accessories such as retro glasses, bracelets… to add a highlight. Bread bag Baguette – one of the first “IT bag” bags has returned to the women’s fashion field recently. This is also the iconic bag pattern of the Y2K trend. This small bag design is an indispensable accessory for retro enthusiasts in everyday mixes. Tie-front top The tie-front top is the next 2000s fashion item that will return in the near future with eye-catching Y2K colorways. This time, pastel colors and ribbed fabrics will be the perfect choice for girls who want to conquer this style with a fresher, more personal look. You can combine this shirt with high-waisted jeans, mini skirts or patterned wide-leg pants. Velvet tracksuitsuit If 2000s fashion boils down to one clothing trend, it’s none other than a velvet tracksuit. The return of this item after 20 years also brings with it many different costume variations. Now, you can combine tracksuits with bralettes (or body-hugging croptops), loose denim jackets and a pair of chunky sneakers. To pick the right tracksuit, choose bright colors like pink, blue, and green in monochrome for a Y2K look. Bandanas One of the more fashion accessories from the 2000s that will take the throne strongly next time can mention the bandana. In the past few years, when this scarf is no longer an item to make a headband to tie hair, wrap wrists or embellish a bag with more momentum, women have turned to the fashion of turning a bandana into a shirt. Since then, many more variations of costumes and bandanas have been born. Including the return of Y2K style. See-through clothing Finally, dress designs made of sheer, chiffon, thin silk, and see-through are indispensable items for the fashion trends of the 2000s. This shirt design can be combined into many different styles, sometimes sexy with a bra worn inside with pleated skirts, sometimes personality with crop tops, jeans. Posts: To Hoang Bao

The creator of Ethereum claims that the ‘Elon effect’ will gradually lose influence on cryptocurrencies Vitalik Buterin, the “father” of Ethereum recently gave an exclusive interview with CNN about the recent volatility of the cryptocurrency market. The 27-year-old billionaire said that “the crypto market is in a bubble” and “it is very difficult to predict” when this bubble will burst. According to him, the “golden age” of digital currencies has passed and this crisis can last for several months. Earlier, on the morning of May 19, Coinbase recorded that Ethereum, Buterin’s “pet”, fell more than 40%, to below $ 1,900. By the morning of May 20, this coin had recovered to $ 2,700, however, this is still a low number compared to the record milestone of $ 4,384 that Ether achieved on May 11. The ups and downs of the Ether coin have made Buterin “father” pay a significant price when he is holding an asset worth about $ 1.1 billion, now reduced to only about $ 870 million. At the age of 27, Vitalik Buterin, a Russian-Canadian programmer, is already considered a veteran founder in the tech world having seen multiple cryptocurrency boom cycles over the past few years. “We’ve seen at least three crypto bubbles burst. Usually the reason bubbles end is because something happened. This shows that the technology of cryptocurrencies is still there. not ready,” Buterin said. Since late 2013, when preparing for the launch of Ethereum two years later, Buterin has expressed his vision for cryptocurrencies. According to Buterin: “Cryptocurrency has become more than just a toy. It is almost ready to become mainstream.” In the process of developing “pet” Ethereum, Buterin is also not afraid to assert that there is a possibility that Ethereum will eventually catch up and surpass Bitcoin in market value. However, the programmer also said that the cryptocurrency market tends to be “vulnerable” to disruptive events, before they can “build an immune system over time”. Typical is the influence of some billionaires who are treating cryptocurrency as a toy. Mr. Buterin isn’t shy about mentioning Elon Musk’s name: “Mr Musk’s tweets are something the crypto space has only been getting into for the first time in recent months, literally. I think it’s appropriate. It’s reasonable to expect a bit of madness. Because the market will learn a lot from that and will be immune to the Elon Musk effect.” In addition, Mr. Buterin also asserted that governments cannot completely ban but have the ability to block or restrict access. Therefore, the development of cryptocurrencies also needs to listen to regulations from regulatory agencies to avoid getting into legal troubles. Faced with the crisis of digital currency, the “father” of Ethereum thinks that this is a “quiet” for digital currencies to renew themselves. On the Ether side, Mr. Buterin said the coin’s transaction costs will soon be cut. A major technical overhaul is underway that will allow Ether transactions to quickly scale, while cutting the amount of electricity consumed by mining by 1,000 to 10,000 times. “We’re going to go from consuming energy similar to a medium-sized country to just consuming energy like a village,” Buterin said confidently. According to Buterin, if Ether’s competitors don’t reform technically, Ether will soon outstrip them, such as Bitcoin.

According to analysts, Bitcoin is too expensive, causing investors to rush to find new digital currencies to profit. As a result, Ethereum has increased by more than 40% in value in the past April. Ethereum cryptocurrency was launched in 2013 with the purpose of being used to transact for an intranet of the same name. Now it is turning these crypto holders into billionaires with skyrocketing prices. The Ethereum cryptocurrency is also benefiting from the rise of NFTs, aka non-fungible tokens. This is a digital asset designed to represent ownership of unique virtual items such as art and sports memorabilia. Many NFTs like CryptoKitties and CryptoPunks are all running on Ethereum. However, this outburst of activity has resulted in congestion on the Ethereum network. Ethereum is currently being upgraded with the ambition of enabling faster transaction times and reducing the amount of power required to process transactions.

Yangtze Memory Technologies Co (YMTC) factory in Wuhan, China. (Source: Nikkei Asian) Rise of the chip manufacturing business Once a month, senior executives from Yangtze Memory Technologies Co (YMTC) fly to Beijing for a series of meetings with China’s top economic regulators. They focused on the company’s efforts in developing some of the world’s most advanced computer memory chips. Headquartered in downtown Wuhan, YMTC is considered a pioneer in efforts to create the domestic semiconductor industry. YMTC has mass-produced state-of-the-art 64-layer and 128-layer NAND flash memory chips, which are used in almost every electronic device from smartphones to servers to cars. These things help YMTC compete with big players in the industry such as Micron Technology of the US or Samsung Electronics of Korea. Equipment used to make high-end computer chips is mostly imported in the US. Some chip design and manufacturing processes such as etching, ion implantation, electrochemical deposition, design software… are all in the hands of American companies. To manufacture without using American technology is a big challenge for a new company that has been operating since 2016 like YMTC and also represents China’s great ambition in the field of semiconductor industry development. especially after the economic sanctions that the US imposed on China. However, the dizzying rise of YMTC has shown China’s strength in the chip industry. The business started in 2016 and within four years has mass-produced some of the most advanced 3D NAND flash memory chips in the world. The Beijing government also recognizes the importance of developing the semiconductor industry and makes efforts to support these companies. “Competition for chips is increasing as all major economies, not just China, have realized the importance of chips,” said Roger Sheng, a chip analyst at consulting firm Gartner. Semiconductors”. Currently, YMTC, is still in the “target” of the US government. But under the guidance of the Beijing government, they have conducted a review of the supply chain, looking for local component suppliers, or non-US suppliers, to gradually eliminate the country’s dependence on technology. Based in the city of Wuhan, YMTC’s efforts did not stop even when the SARS-CoV-2 virus causing the Covid-19 pandemic wreaked havoc last spring. According to sources familiar with the matter, after Wuhan reopened in April 2021, YMTC mobilized hundreds of engineers stationed inside the production campus, working three shifts a day with the aim of overhauling all production processes and replace as many foreign imported components as possible. Efforts to localize production The effort to localize chip production is an opportunity for a new generation of Chinese chipmakers like YMTC. Chinese President Xi Jinping said in remarks published in January 2021: “We must strengthen self-innovation and make breakthroughs in some core technologies as soon as possible.” According to the Nikkei Asian , plans to end dependence on the US have long been carried out by China and massively invested by the state, but progress is still very slow. For example, the plan to self-produce semiconductors has a target of 70% by 2025. But of the total revenue in 2020, China’s semiconductor manufacturing enterprises account for only 5.9% of sales. domestic products, while foreign companies with headquarters in China account for the rest of sales in the country. According to the Magazine China Stocks , while the threat of sanctions from the US has always lingered, the source of state aid, with subsidies and investments from local governments and the private sector has amounted to at least 170 billion USD since Since 2014 has helped chip manufacturing enterprises to localize production efforts. In addition, orders from domestic technology giants such as Xiaomi, Oppo, Vivo and Lenovo are also the reason their production is guaranteed. The US sanctions are a wake-up call for China’s semiconductor industry. (Source: Nikkei Asian) In fact, the trade war with the US and its sanctions against technology giant Huawei have given the Chinese government an opportunity to decouple from the world’s largest economy. – something they’ve always wanted. The US sanctions seem to have removed the main obstacle for domestic consumers, who always prefer to use chips from foreign suppliers. The manager of a chip maker in China told the site Nikkei Asian : “In the past, domestic chipmakers used only the manufacturing equipment that all the world’s leading chipmakers such as Samsung and Intel use in their production lines. Who wants to use and try new products without being sure of the quality of the production?” However, when sanctions from the US appeared, Chinese manufacturers considered alternatives, and domestically produced chip products were a reasonable choice. The manager emphasized: “It also means that domestic enterprises have really had the opportunity to test and upgrade their products – the goal that the whole country is aiming for.” Roger Sheng, a semiconductor analyst at Research Gartner, found that the US-China tensions confirmed the view that it was necessary to localize production. Now, the whole country agrees that building a semiconductor industry is possible and increasing self-reliance is a top priority. Unbreakable bond? Despite China’s considerable efforts, not many experts believe that the country’s chip sector will be completely separate from the US. The world’s two largest economies are still linked, dependent on each other and also two large semiconductor markets. According to a January report by the Brookings Institution, Chinese businesses account for at least 25% of the sales of most US chip businesses, and not everyone wants to break out of the market altogether. Chad Bown, an expert at the Peterson Institute for International Economics, said the US President Joe Biden’s approach to China was still unclear. On the one hand, the US expects China to buy more chips as promised in recent trade talks but also continues to restrict China’s use of US technologies. Since 2018 to date, a total of 162 Chinese entities have been sanctioned by the Trump Administration. In April 2021, the US Department of Commerce also added seven Chinese “supercomputer” entities to the economic blacklist, to restrict these businesses from using US technology. In reality, it is still difficult to completely decouple the supply of semiconductors, which involve thousands of suppliers from around the world and have been closely intertwined for decades. China may try to reduce its dependence on the United States, but without American sources of technology, it is unlikely to accelerate its technological progress. But Miin Wu, founder and president of Macronix International, a leading memory chip maker in Taiwan (China) that serves Apple, Sony and Nintendo, stressed: “In the short term, due to geopolitical uncertainties China’s technological development may be slowed down. However, in the long run, China will certainly hope to build a competitive semiconductor industry.” (according to Nikkei Asia)

Ceramic watch cases date back to the 1960s. When the Rado brand launched its first ceramic design in 1962, many users were skeptical about the product’s need for use. Damian Otwinowski – vice president in charge of Swiss watches – says ceramic is a good alternative to steel or gold. “Ceramic is resistant to scratches, giving the watch a luminosity. It reflects light better than steel and does not discolor from exposure to the sun.” Ceramic is not a fad that has been around for a long time in watchmaking. Photo: Watchnista. In addition to being scratch-resistant, ceramic also helps prevent dents and is much lighter than steel. Rado was the first brand to produce ceramic-cased watches. After that, Omega and IWC used this material in the 80s and 90s for many products. In 2000, Chanel was the first brand to offer watches with both ceramic cases and bracelets. This year, consumer demand for ceramic watches spurred a more lasting change. “I think it’s an aesthetic preference that creates a sleek yet sophisticated look,” says Damian Otwinowski. 1. Hublot Big Bang Integral Hublot produces quite a few products with ceramic cases. In particular, the Big Bang Integral boasts an integrated bracelet with links that are polished and finished in ceramic and satin. The matte gray skeleton dial showcases the beauty of the self-winding Unico 2 chronograph movement. In addition, the blue color helps the wearer to stand out but is equally sophisticated. Hublot Big Bang Integral is currently priced at $23,100. Photo: Time and Watches. 2. Omega Seamaster 300M Black Black Products made from ceramic may be subject to fingerprints. In the case of the Omega Seamaster 300M Black Black, engineers used a variety of technical solutions. They abrade the case with a laser on the bezel to create a fingerprint-resistant texture. The case, dial, bezel, buckle, crown and helium escape valve are all made from black zirconium oxide ceramic. If you are a fan of this color scheme, this is the right choice. The Omega Seamaster 300M Black Black is priced at $8,650. Photo: Monochrome Watches. 3. True Automatic Rado If you are looking for a low-cost ceramic watch, this is a good option to try. The product has a scratch-resistant shell, light weight but still enhances the sturdy appearance. The Rado True Automatic is available for sale on the brand’s homepage for $1,900. Photo: Malwa Polytechnic College. 4. Zenith Defy 21 Felipe Pantone Edition Felipe Pantone – Argentine visual artist, Spain – has collaborated with the Zenith watch brand to create a product that demonstrates high-frequency time measurement through light and color. Inspired by the beam of light found in much of Felipe Pantone’s work, the hour and minute hands of this model create a deliberately distorted look. In particular, each Zenith Defy 21 Felipe Pantone will come with a certificate of authenticity signed by artist Felipe Pantone. The Zenith Defy 21 Felipe Pantone is priced at $19,100. Photo: Monochrome Watches. 5. Audemars Piguet Royal Oak Perpetual Calendar White Ceramic Audemars Piguet watches are produced in unlimited numbers. It has a brushed and polished white ceramic exterior and is water resistant to 20 meters. In addition, this is the product with the most beautiful ceramic strap ever produced by the manufacturer. Finishing the bracelet alone took 30 hours, 5 times more than the steel version. Audemars Piguet Royal Oak Perpetual Calendar White Ceramic sells for up to $106,000. Photo: Bloomberg. 5 things men need to know to wear a beautiful watch Watches are an effective assistant in terms of time, helping to enhance a stylish look for men.

In our testing, the iPhone 12 was the fastest app-loading iPhone in most cases, followed by the iPhone XR. The iPhone 11 is an end-to-end regular model. When Nick Ackerman opened Mortal Kombat, a heavy mobile game app, the iPhone XR suddenly opened the app faster than the iPhone 11 and iPhone 12. Photo: Nick Ackerman According to Geekbench scores, iPhone 11 scores the worst. Specifically, the iPhone 11 has a single-core score of 794 points, while the numbers of the iPhone XR and iPhone 12 are 1,103 and 1,478 respectively. In the multi-core test, iPhone 12 suddenly rose to the top position with 2,435 points. The iPhone 12 score was 2,339, while the iPhone 11 was only 1,271. Photo: Nick Ackerman According to iDropNews, there could be many reasons for this. Since iOS 14.5.1 has only just been released, it is likely that there are still minor flaws that affect the performance of the iPhone 11 and 12, while having a positive effect on the iPhone XR.

Ben Hen village is located on the bank of La River, Truong Son commune has a history of more than 300 years. For many generations now, people have lived by raking clams, cooking mussels and selling them. In the village there are thousands of households, currently there are nearly 200 households sticking with the profession. The mussel job is maintained all year round, the main season is in March, April and the occasion of summer establishment. The villagers go to rake clams according to households, on average each household has about 5 people supporting each other. In the past, the clam rakes were made of bamboo rake, the length depends on the depth of the river, with the rake longer than 5 m. Nowadays, the economy is better off, many families have invested in motor boats with iron rackets and umbrella nets to rake mussels. On average, on a river trip, each boat picks up several hundred kilograms of mussels. Ben Hen village where there is a mussel village for over 300 years. For generations, people here have lived by raking clams, cooking mussels and selling them. In the village there are thousands of households, currently more than 70 households stick with the profession. The mussel-making job is maintained all year round, but the main season is from March to June. That means in the hot weather in January, the dishes made from mussels are more popular. A corner of the village makes mussels. This work is done by each household. Accordingly, families will cover the whole process of making mussels: from catching mussels on the La river bed, boiling and treating the intestines to sell. In the past, the mussel catcher used tools made of bamboo, weaved into buckets and then connected to a pole. Poles length or short depends on the shallow depth of the river bed but is usually 3-5 m long. Nowadays, the economy is better off, many families have invested in motorboats with iron buckets to rake mussels. The mussel has just been caught in the La River, then boiled so it is very fat and sweet. The clam raking is quite heavy so it is for men. Also cook mussels, treat mussels, bring to the market to sell to women. Clam will be washed after catching, then put in a large pan to boil. People boil 20-30 kg of mussels each time for 10-15 minutes. With 10 kg of boiled mussels, you will get 1kg of mussel gut. Clams are sold on the spot for 50-60 thousand VND / kg. The mussel is caught in the morning, in the afternoon, it is taken to cook. Every day a household here cooks 2-3 quintals of mussels. After being cleaned, the mussels are put in a large saucepan to boil. Ms. Nguyen Thi Thuy (47 years old, Ben Hen village) has over 25 years doing this. “Boiling mussels must be big, but not too fast, not too long. For them to keep their taste and sweetness, then boil them for 10-15 minutes,” Ms. Thuy said. The batches of mussels that have just been boiled are smoky. According to Ms. Thuy, the profession dates back to the time of grandparents and parents. Until life, she continued to maintain. “Ben Hen village has become a famous place for this mussel cooking job. On average, my family cooks more than 2 quintals of mussels every day.” This work has helped us to have a stable income and escape poverty “, Ms. Thuy added. After boiling, mussels are brought to the treat to separate the intestines from the shell. This work requires vigorous stirring to be able to separate all of the mussel gut. According to the people working here, after deducting all expenses, a family can also earn 500 thousand VND to more than 1 million VND / day. The special thing is that the La River clam here is very sweet, has no mud smell, so it is favored by consumers. Hen here is taken to all markets in Ha Tinh province for consumption, even going to Nghe An province. Mr. Nguyen Van Tuyen, Chairman of Truong Son Commune People’s Committee, said this trade village must have been more than 300 years ago. “At present, there are more than 70 households working as clams. If the crop is successful, many families will earn hundreds of millions VND. The mussel job is quite stable and really helps many families escape poverty,” said Chairman of the People’s Committee. Truong Son commune said. Clams can be processed into many delicious, cool and nutritious dishes such as: stir-fried with rice cakes … Clams can be processed into many delicious, cool and nutritious dishes such as: stir-fry with rice cakes, cook hot pot, porridge, mussel rice … especially on these hot summer days.

Weapon type: bow

Weapon characteristics: Long-range weapons with high mobility, which can apply various debuffs, and can also bring powerful buffs to teammates and online players.

Basic operation:

【aim】

LT

【shooting】

RT can be stored

Accumulation is divided into stages. After the first stage is designed, the second stage can be stored according to RT immediately, and so on

Close attack

A

Just shot/ Just shot

A after RT shooting

Increase damage based on the current charge stage

Filling the bottle

X

Dragon Arrow

X+A

Long charge, high damage, can’t be interrupted

Curved shot

RT+A

Three types

The recovery type gradually restores strength

The knowing type increases the knowing heart rate within a certain period of time

The impact resistant type will not fall back when attacked for a certain period of time

Accumulate step

B in the charged state

–Special bottle tank–

Press and hold LT+ X/B to select up and down

Melee bottle

Increase the power of close-range attacks

Blast bottle

Hit the monsters will accumulate, and when accumulated to a certain value, it will cause fixed damage.

Attack bottle

Increase the arrow’s attack power by 1.5 times.

Poison bottle

Normal attack anomalous attributes, accumulated to a certain value will be poisoned.

Paralysis bottle

Normal attack anomalous attributes, accumulated to a certain value will be paralyzed.

Sleep bottle

Normal attack anomalous attributes, when accumulated to a certain value, it will sleep.

Reduced gas cylinder

Hit the monster’s weakness to accumulate absolute value.

Wire Worm Technique

Bowing

RB+X

Squat down after jumping backwards, stamina quickly recovers, and there is an invincible frame when jumping

Rigid bow

RB+A

Use the larva to move at high speed in the direction of the joystick, gaining the attack power buff within a certain period of time

In “Monster Hunter Rise”, the bow is the most flexible in the category of long-range weapons, but at the same time the endurance consumption is also the fastest. The excellent output performance and auxiliary performance make it very popular in multiplayer online. The bow can increase the damage by accumulating power, but the endurance consumption is also fast. After proficient in the operation skills, the bow’s moves can also be quickly accumulated. After being proficient, the hunting efficiency will be greatly increased. As a long-range weapon, the bow is also one of the weapons to be used in the later stage. That is to say, it is best to use other efficient weapons to open up wasteland. In the later stage of the game, it can be changed to a bow. It can become a “skip class” due to its quick-hand characteristics and high output strength in the later stage One of “weapons”.

Text/Editor of Huitong.com: Qin Meng

A corner of the U.S. Treasury bond market is surging, or it may bring new shocks to global risk assets.Goldman Sachs Group expects that the recovery of the U.S. economy will enable the real yield of U.S. long-term Treasury bonds to rise by about 40 basis points, thus reaching the level before the new crown epidemic

Before the bizarre fall in U.S. Treasury yields this month, the sharp decline in U.S. Treasury bonds this year shocked Wall Street.There is a view that if inflation-adjusted yields rebound positively, the market may be caught off guard

Mueller-Glissmann pointed out that the actual rate of return is still 40 to 50 basis points lower than the average level of the five years before the outbreak of the new crown crisis. At that time, investors were generally pessimistic about the long-term growth prospects, and this repricing does not necessarily happen in the short term. , May be carried out within a few quarters; there is still room for the volatility of the interest rate market, which may at least cause temporary indigestion of other assets;

Goldman Sachs strategists recommend that clients use options to bet on higher yields, or go long on the volatility of U.S. Treasury bonds

The US 10-year Treasury bond yield situation is as follows: A change of 2 basis points can show that since mid-March, the range of fluctuations in the Treasury bond market has not been very large.

When considering the conditions required to break through this range, an important lesson from Monday is that it is not enough just for oil prices to fall to negative values. The Fed’s increased participation in the secondary market for US Treasury bonds (effectively monetizing the deficit) has reshaped investors’ expectations of achievable volatility.

The unlimited quantitative easing policy played a role in this transition, and the conversation about the possibility of the upper limit of the yield curve, advocated by Fed officials, also played a role.

Trier Bank analysts believe that, in contrast, it is more realistic for the yield to fall to 0.25% in the short term. This is based on the assumption that although there is a broad consensus that “things will get worse” in terms of the impact of the spread of the epidemic on actual output, the downward pressure on inflation is being guided, but it has not yet been fully integrated into the financial market.

Recently, in the context of abundant market liquidity and steady economic recovery, the global emerging market financial markets have begun to become sensitive, and it seems that both ups and downs are beginning to look at the 10-year U.S. Treasury yield.

As long as U.S. bond yields soar, it is no surprise that stocks, funds, or commodities will be suppressed and prices will fall.

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(Picture source: “Aohua Finance Online”)

From the disk observation, the Australian stock market ended its two consecutive days of decline today. From the perspective of sectors, all sectors generally rebounded, getting rid of the impact of the sharp drop in the e-commerce group Redbubble.

ASX200 Today’s chart

Today, the exchange volume of ASX stocks reached 5 billion shares, and the turnover reached 7.2 billion Australian dollars. The price and volume were significantly reduced compared with yesterday. 724 stocks rose, 614 fell, and 415 closed flat.

The Australian dollar fell to 77.00 US cents yesterday and then rebounded, and today it is consolidating around 77.50 US cents. As of press time, the highest is 77.65 cents and the lowest is 77.39 cents.

To a certain extent, the difference between the above two benchmark indexes was caused by the sharp decline of Redbubble. Redbubble is a component of the common stock index, but has not yet been included in the ASX200 index. The company announced today that the CEO hopes to sacrifice profits to stimulate revenue. This move caused investor dissatisfaction, causing the stock to plummet 23% to 4.24 Australian dollars, the lowest closing price since November last year.

company news:

In terms of sector performance, the medical sector led the gains with a 1.7% increase, followed closely by the information technology sector, which rebounded after weakening on Wednesday. Among the 11 major sectors, only two experienced declines. Among them, the energy sector fell by 0.7%, and the utility sector declined slightly.

In terms of individual stocks, Megaport, a network-as-a-service (NaaS) service provider, performed the best today, with its stock soaring 9.7% to A$12.84, a two-month high. The company’s first quarter results show that it is expected to achieve its revenue target for this fiscal year. Royal Bank of Canada (RBC) analysts said that thanks to the support of new customers, including two large media customers, the company is expected to achieve about A$80 million in revenue this fiscal year.

Construction and engineering company Monadelphous was the second-best performing stock today, with its share price rising 5.8% to A$11.93. This was followed by resources company Westgold Resources, whose share price climbed 5.7% to A$2.40, a new high since January.

Mining company Pilbara performed the worst among the ASX200 stocks, dropping 10.8% to 1.15 Australian dollars today. Macquarie analysts said the company’s third-quarter performance indicators were mixed. Spodumene production was 7% higher than market expectations, but shipments were blocked and sales were 9% lower than expected.

Security Group (AMP), which changed its CEO this month, also performed poorly. The stock fell 3.4% today and closed at A$1.12.

After the sudden resignation of CEO Brett Redman, the energy group AGL’s share price fell by nearly 2.9% to A$8.80, a record low since 2004.

The share price of Lynas, a leading rare earth company, fell continuously, and today fell again sharply by 4.2% to A$5.31, the lowest level since February.

Reference: Australian Financial Review

Disclaimer: This article is a financial observation commentary and does not constitute any investment advice. Please ask professionals for trading operations or investment decisions.

(Solemnly declare: ACB News “Australia Finance Online” reserves all copyrights for articles marked as original. Please indicate the source in any form of reprint.)

More information

1 The global stock market underperformed, the Australian market continued to decline, the financial sector led the decline, and Nuix plunged by more than 15%

2 Investors profit-taking, the market erases the three-day gains, raw materials and financial sectors lead the decline, the market is not pessimistic

3 The Australian Index is once again close to historical highs, new highs are in sight, bank stocks are sought after, energy stocks are weak

4 This week, the broader market rose, technology stocks led the gains, and the Australian index hit a new record high after the epidemic is just around the corner

5 The employment data is stronger than expected, the Australian index will rise again, and the raw material sector is trending strongly. The historical high is not far away.

6 The economy is expected to be optimistic, and the market will hit another 7000 points. Technology stocks soared. Many stocks hit record highs.

Wang Chunying, deputy director and spokesperson of the State Administration of Foreign Exchange.Source: China Net

Wang Chunying pointed out that the world economy has been gradually recovering recently, and major developed countries have implemented very strong stimulus policies, which will boost consumer demand to a certain extent. At the same time, liquidity remains abundant, so commodity prices are rising. Regarding this issue, my country is one of the major importers of bulk commodities, and the impact of price increases deserves our attention. Some scholars and media are also concerned, such as the issue of imported inflation.

Wang Chunying said that from the perspective of the foreign exchange bureau, we are more concerned about the impact of rising commodity prices from the perspective of international payments. For example, if import payments increase, what impact will it have on the balance of payments? We saw an increase in imports in the first quarter, but exports also achieved good growth. The trade in goods still achieved a surplus of 760 billion yuan, which was higher than the average level of the previous two years. Under this circumstance, the current account maintained a basic balance and a small surplus in the first quarter. It should be said that the overall balance of payments is still healthy.

Wang Chunying also said that the foreign exchange bureau will continue to promote the liberalization and facilitation of trade and investment, and there is no need to worry in this regard. In 1996, my country realized current account convertibility, and the real demand for foreign exchange for imports can be guaranteed in terms of policies. (Zhongxin Jingwei APP)

Toyota Vietnam is trying to bring the Vios back to the position of best-selling car in the market. Dubbed the “King of Sales”, Toyota Vios over the years always dominates the best-selling car position in Vietnam every month. The rise of competitors made Vios no longer monopolize the “Sales Throne”, causing Toyota Vietnam to share market share with other manufacturers. Efforts to renew and value Vios closer to the value of the Japanese car joint venture earlier this year have not helped the sedan return to its original position. Unable to sit and watch the opponent continuously overpowering, Toyota Vietnam was forced to “launch new moves” to increase the competitiveness of Vios in the marketplace. The Japanese auto joint venture applies a sales policy with a Toyota genuine one-year material insurance package, worth 11.3 million VND for Vios buyers and full payment from April 24 to the end May 31, 2021. Vehicle owners, when using Toyota insurance, can repair and replace genuine parts at dealers nationwide. Along with the financial loan package previously deployed, this insurance package is expected to benefit car users, contributing to increasing sales of Vios 2021. The new Toyota Vios version was launched at the end of February 2021 with a retail price of 478 million dong. The first month of joining the market, nearly 2,000 people chose this model. With incentives for genuine Toyota one-year material insurance package, the Japanese auto joint venture is showing determination to bring Vios 2021 back to the leading position in the Vietnamese market.

Health experts fear that the double strain is gradually invading the country of 1.3 billion people, making the Covid-19 wave more dangerous than ever. On April 17, according SCMP, India has recorded a total of 14.2 million SARS-CoV-2 infections, ranking 2nd globally and more than 174,300 deaths. Since mid-March, the Covid-19 epidemic in India suddenly became complicated again because of the emergence of a double-strain. “Dual mutants” Maria Van Kerkhove, an epidemiologist at the World Health Organization (WHO), said that the dual-strain in India is falling into the interest of experts. “Two of the mutations it possesses have been found in other strains in the world,” added Maria. According to the expert, this makes the double variant in India possible to increase transmission, reduce the effectiveness of the vaccine. The second wave of Covid-19 threatens to destroy all of the country’s anti-epidemic efforts, despite harsh measures. The double-strain variant, B.1.617, was first detected in India with 2 mutants E484Q and L452R at the same time. Migrant workers crowded on a bus to their homeland when New Delhi was frozen in March 2020. Photo: AP. Viruses are always changing, it’s part of evolutionary biology. Some mutations weaken the virus, but others allow it to multiply, thrive, or spread faster. According to the Outbreak – a data site using the GISAID global storage system – the popularity of this double strain has increased by 52% compared to genetically sequenced samples in almost January. According to Anurag Agrawal, director of the Indian Council for Scientific and Industrial Research, after the Geomomics Institute for genetic sequencing, some districts of the state of Maharashtra, the epicenter of the current wave, the rate of double-mutation infection increased. to more than 60%. B.1.617 appeared in patient samples in 10 states of India. Mr. Agrawal predicts that this number will be increased by two key mutations that make it infectious, immune-resistant. Rakesh Mishra, director of the Center for Cell and Molecular Biology, based in Hyderabad, responsible for the nCoV genome project, warns: “This strain spreads faster than any other found. before. Sooner or later, it will become a popular strain of all India ”, According to Mr. Agrawal, the characteristics of the double strain variable are being investigated and analyzed by experts. The L452R mutation once made the situation of the Covid-19 epidemic in the US wobbly. The L452R mutation increased viral transmission by 20% and antibody efficiency by 50%, he said. “Variant B. 1.617 has all the signs of a very dangerous virus. We have to do everything we can to identify the spread and stop it, ”said William A. Haseltine, former professor of Harvard Medical School, USA, wrote on Forbes on April 12. According to the Outbreak, B.1.617 detected in at least 10 countries and territories, including UK, USA, Australia, New Zealand. The funeral system in India is overcrowded because of a record high number of deaths. Photo: Anadolu Agency. “There are corpses everywhere” According to the VICE , in the northern Indian city of Lucknow, videos of the huge number of cremated bodies spread at breakneck speed. It is like wildfire. On April 15, a reporter of the company The Print describes this horrifying scene as “corpses everywhere”, “every 10 minutes a body must be cremated”. Not only were the bodies that had died because Covid-19 needed cremation, but the cemeteries in India were overrun with the dead. An employee at Baikunth Dham shared with The Print: “We are overworked. After the holiday season, the number of deaths began to increase. I haven’t taken a break since last year. Every day, nearly 60-65 bodies are brought here. Pointing his finger towards the injured leg, the person added: “I had an accident but I can’t rest. The number of people who died lately is not a normal number. Many people have to wait 5-6 hours for it. Their relatives were cremated in turn. Before that, the average number was about 20-25 bodies. ” However, no one can determine whether all these deaths were due to Covid-19 or something else. An Indian woman is given the Covid-19 vaccine. Photo: Reuters. A shortage of hospital beds and pre-treatment deaths are common in India – similar to what happened in Brazil or the US recently. There is also a critical shortage of drugs used urgently during the Covid-19 pandemic, Remdesivir and Tocilizumab. People have to go to the black market to find medicine. Apart from Lucknow, cemeteries in other cities are also overloaded. In Bhopal, central India, some cremation facilities report they receive 40 bodies a day. In the capital New Delhi, a cremation site received more than 400 deaths from Covid-19 in the first 13 days of April. In the city of Gujarat, western India, a man has to wait 12 hours for his brother. in the past, the victim died of Covid-19, and was allowed to go to his final resting place. The big problem facing India is that the vaccination rate is too low. From February 16 to April 16, the number of people vaccinated in this country was 14.9 million, accounting for only 1.1% of the population. Many experts warn that at the current rate of immunization, it could take India up to 10 years to fully cover 70% of the population.

Are you really worried that the upcoming climate summit will be yellow?

According to CNN, US President Biden will organize a global climate summit from April 22 to 23. The United States also deliberately mentioned inviting Russia and China to participate. Recently, some media reported that Biden proposed the possibility of face-to-face talks between the United States and Russia. However, at this critical juncture, the United States suddenly launched sanctions and pressure, just as it did with the negotiations with China.

On the evening of April 15, Beijing time, according to the White House website, Biden will ban Bank of America from participating in the primary market of Russian sovereign debt denominated in rubles from June 14. Restricting Russia’s sovereign debt is a direct response to Russia’s intervention in the 2020 U.S. election. At the same time, the U.S. Treasury Department sanctioned 32 entities and individuals who implemented the instructions of the Russian government in an attempt to influence the 2020 U.S. presidential election and other acts of spreading rumors and interference.

On the other hand, the Middle East, which is also an oil-producing region, has also been extremely uneven recently. The Houthi armed forces and Saudi Arabia seem to have a sense of immortality. A spokesman for the organization said on the 15th that the use of drones and 11 missiles in Jizan attacked Saudi Aramco’s oil facilities. The missile and drone attack caused a fire at a Saudi Aramco facility. Accidents continued in Iraq. On the evening of April 14, local time, another explosion occurred at the international airport in Erbil, the capital of the Kurdish Autonomous Region in northern Iraq, and the US consulate near the area sounded an alarm. On the 15th, Baghdad was attacked by a bomb again, causing more than a dozen casualties.

Oil prices fly again?

“Hot Hand” Biden

The United States suddenly increased sanctions against Russia.

According to news from the White House website on Thursday night, President Biden signed a new executive order of sanctions to show that the government is determined to deal with and contain all harmful activities in Russia. This executive order sends a signal that if Russia continues or escalates its destabilizing international operations, the United States will impose costs on Russia in a way that has strategic and economic influence. This especially includes undermining efforts to hold free and fair democratic elections and democratic institutions in the United States and its allies and partner countries; participating in and targeting malicious cyber activities against the United States and its allies and partners; facilitating and using transnational corruption to influence foreign governments; engaging in targeting Extraterritorial activities of dissidents or journalists; undermining the security of countries and regions that are vital to the national security of the United States; violation of recognized principles of international law, including states that respect territorial integrity.

In these actions, President Joe Biden authorized the U.S. government to impose sanctions on any sector of the Russian economy and to restrict Russia’s ability to issue sovereign debt in order to punish Moscow for interfering in the 2020 U.S. election.

Biden will ban Bank of America from participating in the primary market of Russian sovereign debt denominated in rubles from June 14. Restricting Russia’s sovereign debt is a direct response to Russia’s intervention in the 2020 U.S. election. Biden will issue an executive order authorizing the US government to crack down on any area of ​​the Russian economy. Withdrawing US buyers from the primary market for ruble-denominated Russian sovereign debt may increase Russia’s borrowing costs. The US move may also cause capital to flee Russia, leading to a devaluation of the Russian currency. The new executive order authorizes the United States to increase restrictions on Russian sovereign debt when necessary.

The United States announced sanctions on six Russian companies that have supported cyber attacks on U.S. federal agencies and companies. The United States will expel 10 Russian intelligence officials. Since 2019, Bank of America has been banned from entering the main market for non-ruble sovereign bonds. The U.S. Treasury Department also blacklisted 32 entities and individuals to punish Russia for influencing the 2020 U.S. presidential election and other “disinformation and interference behaviors.” At the same time, the United States has also cooperated with the European Union, the United Kingdom, Australia and Canada, and the Treasury Department has sanctioned eight people related to Russia’s continued occupation and suppression of Crimea.

On April 14, local time, according to RIA Novosti news, US Ambassador to Russia John Sullivan was invited to meet with Russian Presidential Assistant Yuri Ushakov. Ushakov stated that if the United States imposes a new round of sanctions on Russia when President Biden intends to improve relations with Russia, Russia will respond in the strongest way. On the 15th, after the White House issued a sanctions order, a Russian Foreign Ministry spokesperson stated that Russia’s response to US sanctions is inevitable. The sanctions imposed by the United States are contrary to the interests of our two countries.

On April 13, Russian President Vladimir Putin was invited to have a telephone conversation with US President Biden. During the call, Biden expressed interest in normalizing bilateral affairs and was willing to establish a stable and predictable interaction mechanism with Russia. At the same time, Biden proposed to consider the possibility of holding a meeting between the two heads of state in the near future. However, the sudden picking of the matter by the United States may make the prospects of the US-Russian talks dim.

War continues in the Middle East

Russia, the United States, and the Middle East are always inseparable from this triangular relationship, even if the United States is withdrawing troops from Afghanistan recently. The most unstable corner of this triangle is the Middle East. Recently, wars in the Middle East have continued, and the two most prominent places are: Saudi Arabia and Iraq.

The former provoked a Houthi who could not get rid of it. According to Reuters, the Yemeni Houthi militants said on the 15th that they used drones and missiles to attack multiple targets in the southern Saudi city of Jizan. Among them, a facility of Saudi Aramco, the national oil company of Saudi Arabia, caught fire. At the same time, the organization also launched an attack on the Saudi “Patriot” anti-missile system. The Saudi Press Agency reported that Saudi Arabia intercepted 4 drones and 5 missiles that attacked Jizan.

Since this year, the Houthis have never stopped their attacks on Saudi Arabia, and the source is still the original Yemeni government. On January 22, 2015, after the Houthi armed forces occupied the presidential palace, official residences and important military facilities, President Abdul Rab Mansour Hadi and his cabinet resigned. It was announced on February 6 that the “Presidential Committee” and “National Transitional Committee” were established to replace the Yemeni president and parliament to govern the country. The United Nations said it would not recognize it. On November 5, 2017, Saudi Arabia issued a reward for the arrest of 40 leaders of the Houthi armed group in Yemen, with a total bonus of up to 440 million U.S. dollars. It has always been believed that Iran is behind the Houthi, and Saudi Arabia is behind the original government of Yemen. This is also the main reason why Houthi has always attacked Saudi Arabia.

In addition to the Houthis’s constant attacks on Saudi Arabia, Iraq is also very uneasy. After Biden came to power, Iraq has never stopped, and news of bomb attacks have been reported continuously. On the evening of April 14, local time, an explosion occurred at the international airport in Erbil, the capital of the Kurdish Autonomous Region in northern Iraq, and the US consulate near the area sounded an alarm. The Kurdish Autonomous Government’s counter-terrorism department stated that the explosion was caused by at least one rocket attack. There are US troops stationed in the military zone of Erbil Airport, and there is no specific information on casualties and property damage.

On April 15, Iraqi police and medical sources said that 4 people were killed and 17 others were injured in a car bomb attack in the Sada city area of ​​Baghdad on Thursday. Police said the car was parked in a busy second-hand equipment market in a predominantly Shia Muslim area. The Iraqi military statement stated that the explosion targeted the eastern market in Baghdad, killing a civilian, wounding 12 people, and opening fire and destroying several cars.

Oil prices still fly?

On the evening of April 14th, international oil prices soared suddenly, and Bulk Oil finally closed up by more than 4%. As the political situation of oil-producing countries changes, does it mean that oil prices are still flying?

Goldman Sachs (Goldman Sachs) analysts said in a report that supply constraints and economic recovery will provide oil with an opportunity to break through the near-term range. Goldman Sachs analysts said: “Due to the recent rebound in demand and supply laws, we are optimistic about the forecast of Brent oil prices in the third quarter of 2021 at 80 US dollars per barrel.”

As the economy promotes decarbonization and the penetration rate of electric vehicles continues to increase, Goldman Sachs has also advanced the estimated peak of global oil transportation demand to 2026 by one year. Even so, he did not predict the peak oil demand in the next ten years due to the growth of petrochemicals and aviation fuel markets, although it is expected that the overall oil demand after 2025 will be “mainly due to electrification to reach a downturn.”

In fact, apart from economic factors, political factors are also very important. It can be expected that as the situation in the Middle East continues to be tense, Russia’s development space will continue to be squeezed, and there will be great variables in the supply of oil. Moreover, from the current technology point of view, although electric vehicles are popular, they also need electricity, and whether it is lithium batteries or fuel cells, it is largely converted from petrochemical energy. From this perspective, in the short term, the price of crude oil may have a tendency to rise easily but not fall.

On April 15, the State Administration for Market Regulation announced that it would impose administrative penalties on Yangzijiang Pharmaceutical Group Co., Ltd. (hereinafter referred to as “Yangzijiang Pharmaceutical”) for implementing a monopoly agreement, with a total fine of 764 million yuan.

According to investigations, from 2015 to 2019, Yangtze River Pharmaceuticals reached a fixed agreement with downstream companies such as drug wholesalers and retail pharmacies by signing cooperation agreements, issuing price adjustment letters, and oral notices across the country (excluding Hong Kong, Macao and Taiwan regions). The agreement on drug resale prices and the minimum resale price of drugs, and measures such as formulating implementation rules, strengthening assessment and supervision, penalizing low-price sales dealers, and entrusting intermediary agencies to monitor online drug prices to ensure the implementation of the agreement.

The State Administration of Market Supervision stated that the above-mentioned actions of Yangtze River Pharmaceutical Group ruled out and restricted competition, harmed the legitimate rights and interests of consumers and the public interest, and violated the relevant provisions of the Anti-Monopoly Law.

It takes pains to limit the price of medicines, and consumers will pay for it in the end

Specifically, Yangzi Pharmaceutical restricts the prices of drugs sold in retail pharmacies and distributors, including many best-selling products such as Lanqin Oral Liquid, Bailemian Capsules, and Astragalus Extract. These drugs are well-known and popular in people’s lives. Measured by sales revenue in 2019, Lanqin Oral Liquid ranked first in throat drugs, Astragalus extract ranked third in tonic drugs, and Bailemian Capsules ranked fourth in stabilized sleep drugs. These best-selling drugs are precisely the focus of Yangzijiang Pharmaceutical’s focus on price-fixing.

In order to supervise the sales staff and distributors to strictly implement the fixed and limited price policy, Yang Zijiang Pharmaceutical has taken great pains. Yang Zijiang Pharmaceutical has formulated a detailed price control system and dispatched sales personnel from various places to pharmacies to inspect and secretly visit drug prices. For drugs on Taobao, Tmall, and JD online platforms, Yangzijiang Pharmaceutical has hired a third-party intermediary company to supervise five key drugs (Lanqin Oral Liquid, Bailemian Capsules, Astragalus Extract, Epalrestat Tablets, Suhuang Cough tablets) online retail prices, and regularly submit online merchants’ price information monitoring and processing results to Yangzijiang Pharmaceutical.

If distributors at all levels, retail pharmacies, etc. do not comply, Yangzijiang Pharmaceutical will implement penalties such as deduction of bonuses, internal fines, out of stock, and suspension of reimbursement. At the same time, distributors and retail pharmacies have a certain degree of dependence on these best-selling products, and they have insufficient bargaining power for the fixed and limited price behavior of Yangzijiang Pharmaceutical.

Yang Zijiang Pharmaceutical’s fixed and limited price behavior seems to be divided from the interests of distributors and pharmacies at all levels, but in fact it raises the price of medicines, and consumers eventually pay for it. The economic analysis takes Shanghai as a sample and simulates the competitive retail prices of some drugs from Yangzijiang Pharmaceutical in 2018 and 2019, and compares them with the actual retail prices and hospital purchase prices in the same period. The results show that this behavior has caused significant drug prices. rise. Statistical analysis shows that the retail channel ex-factory price of Lanqin oral liquid (10ml*6 bottles) from 2015 to 2019 and the average terminal retail price from 2018 to 2020 have shown an upward trend year by year.

However, patients always follow the doctor’s advice or follow the pharmacist’s recommendation when purchasing medicines, so they are not sensitive to the price of medicines and often lose their interests without knowing it.

Anti-monopoly incidents occur frequently in the pharmaceutical field, and national law enforcement and supervision continue to be stricter

Due to the particularity of the pharmaceutical industry, it is difficult to form sufficient market competition from the production and supply of raw materials, the production of pharmaceutical companies and the marketing of pharmaceuticals. A small number of manufacturing companies control the production and supply of APIs. These companies take advantage of market dominance to obtain price dominance, and thus may form a monopoly. At the same time, the current pharmaceutical industry has formed a highly concentrated market pattern, and many pharmaceutical companies secretly manipulate market prices through monopoly agreements, leading to price increases or shortages of drugs.

Fortunately, in recent years, the anti-monopoly law enforcement supervision in the pharmaceutical field has continued to tighten, and news that pharmaceutical companies have been punished due to monopoly has been reported frequently in the industry. In April 2020, the State Administration of Market Supervision imposed administrative penalties on three calcium gluconate API distributors, Shandong Kanghui Pharmaceutical, Weifang Taiyangshen Pharmaceutical, and Weifang Puyunhui Pharmaceutical, for their monopolistic activities, with a total fine of 325.5 million yuan. In January 2021, Simcere Pharmaceutical abused its dominant position in the sales market of China’s Batroxobin concentrate API, and refused to conduct transactions with counterparties without justifiable reasons, ruled out market competition, and was fined 100.7 million yuan. Yuan Renminbi. In April of the same year, Tianyao Co., Ltd. divided the sales market of fluocinolone acetate raw materials in the form of agreement, and changed and fixed the price of fluocinolone acetate raw materials to eliminate competition that restricted the sales of fluocinolone acetate raw materials, and was fined 44,022,600 yuan. .

At the same time, the state has successively introduced a series of measures to strengthen supervision and increase penalties. In 2017, my country issued the “Guidelines for the Price Behavior of Short Drugs and API Operators”, which became the first price monopoly guide for the pharmaceutical industry since the implementation of China’s anti-monopoly law. Subsequently, the “Opinions on Further Doing a Good Job in Maintaining Supply and Stabilizing Prices of Drugs in Shortage”, “Antitrust Guidelines in the Field of APIs (Draft for Solicitation of Comments)”, etc. In January of this year, the China Chemical Pharmaceutical Industry Association (CPIA) released the latest “Regulations for Compliance Management in the Pharmaceutical Industry”, with anti-monopoly being the focus of it.

It is reported that Yangzijiang Pharmaceutical, which was heavily fined this time, is a leading domestic pharmaceutical company. The “2019 China Pharmaceutical Industry Top 100 List” released by the China Pharmaceutical Industry Information Center shows that Yangzijiang Pharmaceutical ranked first in China’s top 100 pharmaceutical industry that year. Has been ranked first for 6 consecutive years. It is foreseeable that heavy penalties for industry leaders will have a huge deterrent effect on industry monopoly behavior.

It is worth mentioning that, according to Jiemian News, Yangtze River Pharmaceuticals previously reported to the court that four companies, Guangzhou Hairui Pharmaceuticals, Hefei Medical Engineering and Pharmaceuticals, Hefei Enruit Pharmaceuticals, and Nanjing Haichen Pharmaceuticals, were suspected of monopoly of APIs. Prosecute. In April 2020, the first instance of the case was concluded, and Yangzijiang Pharmaceutical was awarded nearly 70 million in compensation. And a year later, Yangtze River Pharmaceutical lost more than ten times the money it had earned by suing others for its monopoly because of its own monopoly.

As of midday’s close, the Shanghai Stock Exchange Index reported 3,14.74 points, up 0.46%; the ChiNext Index reported 13,672.76 points, down 0.05%; the ChiNext Index reported 2,770.81 points, down 0.71%.

On the disk, the sector is generally popular, with liquor, digital currency, coal, second-child concepts, and automobiles leading the list of gains; a few sectors such as semiconductors, sub-new stocks, non-ferrous cobalt, and military industries performed weakly.

[News side]

1. National Bureau of Statistics: In the first quarter, my country’s GDP was 24,931 billion yuan, a year-on-year increase of 18.3% at comparable prices, an increase of 0.6% from the fourth quarter of 2020, an increase of 10.3% from the first quarter of 2019, and an average increase in two years. 5.0%.

2. Civil Aviation Administration of China: China’s air passenger traffic in the first quarter increased by 38% to 102 million passengers, China’s air cargo volume in the first quarter increased by 29% to 1.78 million tons, and the civil aviation cargo volume in March increased by 35% to 655,000 tons.

3. National Bureau of Statistics: The price of pork has been declining year-on-year for several consecutive months. At present, thanks to various measures to maintain supply and stabilize prices, the production capacity of live pigs has been significantly restored. The live pig stock increased by 29.5% year-on-year at the end of the first quarter. The live pig stock has increased sequentially for six consecutive quarters, and the production capacity of live pigs has recovered relatively quickly. From this perspective, there is a basis for the continued decline in pork prices.

【Institution Hot Discussion】

Soochow Securities pointed out that the overall index is still slowly adjusting the rhythm amidst turbulence. The sharp drop in the previous two months may be difficult to occur, but it is indeed not easy to expect the index to have a big chance. However, in this kind of high shock, the activity of individual stocks is not bad. Tickets from large institutions such as nonferrous metals, coal, and steel, as well as tickets for new and high transfers of hot money, have good short-term opportunities. Set stop losses and lighten Warehouse participation is still feasible.

Bairuiying believes that in the short term, the previous view will be maintained, the market is still in the process of bottoming, and energy, confidence and patience will be repeatedly consumed. But there is no need to be impatient. How complicated it is to go here, the strength of the mid-term rebound will be. For now, before the index does not test the clear support of the double bottom of the 3350 line, try to reduce the operation as much as possible and keep the chips within the half position.

A-share market sector and individual stocks ranking

External market

As of press time

“The test was done with a script dealing with an external air attack. As soon as it detected and locked the target, the fighter launched Bozdogan. The missile hit the target with absolute precision. “The Turkish Air Force said in a statement.

Self-produced rocket launchers F-16 Earth.

The source added that, prior to this exemplary interception, Bozdogan also successfully conducted many other interceptions when launched from fixed platforms on the ground.

These are state tests before they enter service. The results of the Bozdogan development program have made not only the manufacturer, the Air Force but also President Recep Tayyip Erdogan very pleased.

“When officially put into service, Ankara will have a weapon that no other country has. In particular, this missile will replace the US-made AIM-120 AMRAAM, AIM-9X ammunition. served in the Turkish Air Force, “Erdogan said.

According to Drive, not only the US-made AIM-120 AMRAAM and AIM-9X are gradually being replaced in Turkey, but the legendary American anti-ship missile Harpoon also suffers the same fate in the Turkish Navy.

Specifically, on the new generation of Turkish Milgem-class warships, Harpoon is replaced by the Atmaca (Hawk) missile line researched and developed by Turkish defense contractor Roketsan.

It is known that Atmaca is the first anti-ship missile produced by Turkey. It can glide through ships before hitting and destroying any warship it targets.

At first glance, the Atmaca missile looks quite similar to Russia’s Harpoon or Kh-35 anti-ship missiles. Like other rockets, Atmaca is launched from a launcher using a rocket engine, helping to propel the missile to move at high speed.

After finishing the propulsion process, the jet engine will be activated and help the missile fly to the target position. Thanks to the integration of an altimeter radar, the missile can fly just above the waves easily to avoid being shot down when attacking enemies. Roketsan officially developed the Atmaca missile since 2009.

The missile can operate in all weather conditions, highly effective against moving and fixed targets at sea. The maximum range of the Atmaca is believed to be about 250km – this range is much further than the AGM-84 Harpoon.

“A powerful Turkey needs to have state-of-the-art weapons of its own in order not to be dependent on external supply, even though those countries are known as close allies.

In some areas that are not yet our strengths, such as defensive weapons and fighters, Ankara will seek partners that are more reliable and not affected by political factors, “said a member of the company. Turkey’s ruling Justice and Development Party (AKP) said.

From the statement of the AKP representative showed that this is the reason why Turkey decided to carry out the deal of Russia’s S-400 interceptor system despite the US and some NATO members threatening sanctions. .

In addition, the Turkish Air Force is currently negotiating with the Russian side on the fighter deal. It is not clear that this NATO member is looking to buy Russian Su-35 fighter or Su-57 stealth fighter.

Speaking at the ceremony, Deputy Minister of Labor, Invalids and Social Affairs Nguyen Thi Ha said that Vietnam is one of the countries that ratified the UN Convention on Persons with Disabilities very early. At the same time, Vietnam has issued many documents and policies to support care for people with disabilities. Up to now, 100% of provinces and cities directly under the Central Government have had facilities and centers operating services to care for the disabled. In particular, in Ho Chi Minh City, there is the Center for Rehabilitation and Support for Children with Disabilities at 38 Tu Xuong, which is also one of the units performing well supportive care services for people with disabilities.

At the show, after seeing the handicrafts of the disabled children on display at the ceremony, Deputy Minister Nguyen Thi Ha affirmed that people with disabilities can be completely healthy, can do the what normal healthy people are doing. At the same time, it is suggested that the local authorities and the business community continue to have many resources to support their children in career guidance, vocational training and education to help them reintegrate into the community and their friends. . When they grow up, they will create for themselves a job and stabilize their life.

The Deputy Minister expressed his thanks to the units and businesses that accompany the program

According to data, Vietnam currently has about 6.2 million people with disabilities, accounting for more than 7.06% of the population aged 2 and over, of which people with severe and extremely severe disabilities account for about 28.9%, about 10% of people with disabilities belong to poor households. The above data shows that Vietnam is one of the countries with a high proportion of people with disabilities compared to the total population in the Asia-Pacific region.

Children are being nurtured and cared for by the Center

In recent years, policies and activities to help people with disabilities have also changed fundamentally, moving from charitable assistance to support from a developmental perspective, creating dynamism for people with disabilities. rise. People with disabilities are supported with housing, education, health care, access to traffic and construction works, vocational training, employment, preferential loans to do business and to support livelihoods. .. help people with disabilities take care of themselves as well as make contributions to the community and society.

All these things have brought people with disabilities confidence and self-reliance, and there have been many successful examples of disabled people in the fields of economics, science, politics and social culture.

The Covid-19 epidemic has profoundly changed consumers’ culture, choosing products, seeking information and making more online shopping decisions. This drives traditional industries to leverage digital to reach and serve customers’ needs.

Number of internet and social network users in Vietnam as of January 2021.

In statistics from the Digital Vietnam in 2021 report, users’ online time from 3.1 hours peaked at 4.2 hours during the pandemic and remains at 3.5 hours per day. The world currently has 7.83 billion people, of which 5.22 billion are mobile phones, 4.66 billion are Internet users and 4.2 billion (53.6%) use social networks.

Meanwhile in Vietnam, there are about 68.17 million Vietnamese online (accounting for 70% of the population) through different platforms and applications. Notably, up to 65 million of them are active social media users (67% of the population) and 99% of them regularly use mobile phones.

97% of Vietnamese have the habit of accessing the Internet every day, of which 95% are watching videos. This figure underlines the importance of using video as a new age marketing form.

Time using the internet on Vietnamese devices.

The coverage of social networking sites in Vietnam is becoming stronger. In 2019, the number of social media users in Vietnam is 62 million. But as of January 2021, the number was 72 million. Of which, 61 million customers can be accessed through advertising on Facebook, 5.4 million on Instagram, 3.3 million on LinkedIn and 1.27 million via Twitter ”.

It is not too much to say that this is the flourishing period of video on social networks, video has become the “king of content” on interactive platforms. According to statistics, every day, there are more than 4 billion video views on YouTube, while the number in Facebook is 5 billion. According to experts: By 2020, 80% of traffic will come from videos and in the near future, video will account for the largest amount of traffic on the Internet.

The data shows that videos with high experience will be more interested in audiences. DIY videos (Do it Yourself), founders’ stories, self-made videos that tell relevant stories … will help brands get closer to their audience, indirectly improve sales and building the brand’s long-term reputation.

In response to Tiktok, Facebook also launched the Instagram Reels platform with similar functionality. The competition between social networks will become increasingly fierce in the coming years.

In addition, the applications on mobile devices make up a small part of consumers’ spending habits. Therefore, retailers take advantage of this advantage to advertise their products. Worldwide, mobile phone transactions are estimated to account for nearly 75% of all e-commerce transactions by 2021. Adoption of marketing strategies on mobile devices is also being used by businesses. step up in 2020 to gain more advantages in the market. Currently in Vietnam, high-traffic applications such as Shopee, Grab … have started implementing advertising activities on their platforms and promise to explode in 2021.