Jun 28, 2019

G20 countries make up some 80% of the world’s GDP

G20 Summit in Osaka, Japan rising trade tensions : “The Osaka Track,” Leaders’ Special Event on Digital Economy

International Key Points Sharing

1) US President Trump hopes that the dollar will weaken, which will help boost exports, and hopes that the Fed can also contribute to this. However, Federal Reserve Chairman Jerome Powell has made it clear that this is not his responsibility.

2) At 11:50 on June 29, Chinese President Xi Jinping and US President Trump will meet in Osaka, Japan.

3) Trump said on Twitter: "After some very important meetings, including a meeting with Chinese President Xi Jinping, I will leave Japan and (with Wen in the President) go to South Korea. When there, if Chairman Kim Jong-un can see all of this. I want to see him in the border/demilitar zone of the (Korean-Korean) border. Just say hello to your hand (?)!

4) US President Trump and Russian President Vladimir Putin During the G20 summit, bilateral talks were held. In an interview with reporters before the talks, Trump jokingly said to Putin, "Do not interfere (US presidential) elections."

5) US Department of Commerce announced the core PCE price in May The index annual rate increased by 1.6%, both expected and the previous value increased by 1.6%; US core PCE price index recorded a monthly growth of 0.2% in May, expected to increase by 0.2%, the previous value of growth of 0.2%; US May personal expenditure month The rate recorded a growth of 0.4%, expected to increase by 0.4%, and the previous value was increased by 0.3%.

6) Boeing 737Max software is from the hands of outsourced engineers with an hourly salary of $9. During the development of Max software, Boeing has reduced its experience on the one hand. engineering On the other hand, it forces suppliers to reduce costs. The iconic American aircraft manufacturer is increasingly relying on temporary workers with hourly wages as low as $9 to develop and test software, usually from countries with less aviation backgrounds. In particular, India.

7) The US Department of Justice’s investigation of Boeing has expanded to the production of the Boeing 787 “Dream Passenger Aircraft.” After receiving allegations of “cheating” and “scraping” of Boeing’s South Carolina plant, US federal justice The ministry has issued a subpoena to Boeing to provide production records for the plant's 787 aircraft.

8) Goldman Sachs upgrades Procter & Gamble's rating, saying the consumer goods giant has provided shareholders with "potential two "Returns" and raised its 12-month target price from $114 to $125.

9) Most of Apple's hardware products are assembled in China, including iPhone, iPad and MacBook, the only one being labeled as "United States." Assembled, there is only a high-end desktop computer Mac Pro. The only remaining Apple production line in the United States will also be transferred.

10) Deutsche Bank is planning to lay off 15,000 to 20,000 people, accounting for more than one-sixth of the global full-time position as part of the restructuring plan.

11) The US second-hand luxury consignment e-commerce platform The RealReal today The transaction was started on the NASDAQ Global Select Market under the symbol “REAL.” The first day of trading closed at US$28.9, which was 44.50% higher than the IPO issue price of US$20.00/share and the market value reached US$2.455 billion. The Real Real was established in 2011.

Focusing on the online consignment and retail business of second-hand luxury goods, covering many famous luxury brands such as Gucci, Chanel, Hermès, Prada, Saint Laurent, Tom Ford, Valentino and Cartier, aiming at “prolonging the life of fashion products”

visit the official page, & stay tuned!! https://g20.org



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