Category: Flash News

On December 22, local time, US President elect Trump announced on social media that he has nominated David Fink as the next Director of the Federal Railroad Administration, decided to nominate Chad Mizele, former General Counsel and Chief of Staff of the Department of Homeland Security, as the next Chief of Staff of the Department of Justice, and nominated Aaron Reitz as the next head of the Department of Justice’s Office of Legal Policy.

On December 22nd, it was learned from the National Energy Group that China’s largest “fishery photovoltaic complementary” project, Guohua Investment Hebei 1.09 million kilowatt seawall photovoltaic power station, has successfully connected to the grid for power generation. The project is located in Cangzhou City, Hebei Province, along the coast of Bohai Sea. It will construct 363 arrays with a total of 2.31 million photovoltaic modules, covering an area of approximately 26000 acres. It is the third batch of large-scale wind and photovoltaic base projects in the country, with a total investment of about 6.5 billion yuan. After the project is connected to the grid, the average annual power generation is about 1.86 billion kilowatt hours, which can meet the annual electricity consumption of 2.79 million residents. It can save about 561000 tons of standard coal and reduce carbon dioxide emissions by about 1.4 million tons annually.

On December 22nd, in recent years, clean energy such as wind power and photovoltaics have grown rapidly in China, playing an important role in the efficient utilization of clean energy and the stable operation of the power grid. According to Three Gorges Group, the Hami million kilowatt “solar thermal+photovoltaic” integrated comprehensive energy demonstration project has achieved grid connected power generation today.

On December 21st, Canadian Prime Minister Trudeau reshuffled his cabinet and held his inauguration ceremony at the Governor General’s Office. It is understood that the Minister of Public Safety in the new cabinet will be succeeded by David McKenzie, former Chairman of the Canadian National Security and Intelligence Council. Another important appointment is Anita Anand as the newly established Minister of Transport and Domestic Trade. This appointment indicates that the new cabinet intends to strengthen the development of domestic trade in the face of Trump’s tariff threat. In addition, there are multiple job adjustments.

On December 21st, Carlos Ghosn, former chairman of Nissan, stated that the struggling Japanese automaker is seeking an agreement with Honda, indicating that the former is in a “panic mode”. This is a desperate move, “Ghosn said on Friday.” It’s not a pragmatic deal because frankly, it’s difficult to find synergies between the two companies. “Ghosn said negotiations with Honda regarding a potential merger indicate that Nissan is in a” panic mode. (Bloomberg)

On December 21st, Ukrainian Prime Minister Shmyjar announced in a speech before the Verkhovna Rada (parliament) on December 20th that Ukraine plans to stop transferring Russian natural gas to Europe through its natural gas transportation system from 7:00 am on January 1st, 2025. However, Shmeigar also stated that if the European Commission requests and meets a series of legal and technical conditions, it does not rule out the possibility of continuing to transport natural gas from Russia through Ukraine to Europe.

On December 21st, Volkswagen announced that it will lay off more than 35000 employees in Germany before 2030. The agreement reached will save over 15 billion euros in costs annually in the medium term, and has no significant impact on the expected guidance for 2024; We are looking for an alternative solution for the Dresden factory in Germany.

On December 21, Foreign Minister Ferdinand of Türkiye met with visiting German Foreign Minister Behlberg on December 20 local time. According to Türkiye’s diplomatic sources, the two sides focused on issues related to the situation in Syria. During the talks, Fedan said that Türkiye would never allow terrorist organizations, including the PKK, the People’s Protection Force and the extremist organization Islamic State, to take advantage of the current situation. It is hoped that all allies will respect Türkiye’s security concerns. (CCTV News)

On December 21st, Citigroup economist Andrew Hollenhorst believes that the Federal Reserve may be at a loss. Due to a 0.1% month on month increase in core PCE in November, price increases are slowing down, and the final rate cut by the Federal Reserve may exceed current expectations. In our basic assumption, a weak labor market would lead to the Federal Reserve cutting interest rates at every subsequent meeting. This view contradicts the market’s expectation that the Fed will pause interest rate cuts in January. But even if we are wrong, the sideways unemployment rate and slowing inflation are enough reasons to cut interest rates at least every meeting outside of January

On December 21st, the latest data released by the Silicon Industry Branch of the China Nonferrous Metals Industry Association showed that the price of polycrystalline silicon remained unchanged this week, with an average transaction price of 40300 yuan/ton for N-type recycled materials; The average transaction price of N-type granular silicon is 37000 yuan/ton; The average transaction price of P-type silicon material is 33100 yuan/ton. This week, there were a large number of orders signed by polysilicon companies, and the feedback from the companies was that all orders signed this week were small transactions. Since last week, there has been a significant differentiation in the signing strategies of enterprises, but this week it has been more pronounced. Some enterprises have indicated a slight decrease in transaction prices due to factors such as market supply and demand and their own inventory; In addition, some companies believe that under the stimulation of multiple factors such as industry self-discipline and pre holiday stocking, the market is expected to show a trend of “low prices disappearing, high prices detecting”, and transactions will increase slightly. (Securities Times)