Category: Flash News

On May 4th, the investigation committee for the Shahdrajai port accident in Iran released the latest report on the accident investigation. The report pointed out that based on previous preliminary investigations, after determining that some officials had neglected their duties, two port management personnel were arrested in accordance with the law, and the summoning and investigation procedures for other defendants are also underway. The report shows that some cases contain false information, and the relevant individuals have been confirmed and are being summoned and preliminarily investigated. In addition, the accident investigation committee emphasized that determining the ultimate cause of the accident requires the completion of technical and experimental expert investigations, which are currently underway. The committee will continue to investigate the accident with a fair and comprehensive attitude, and will provide transparent information to the public in a timely manner.

On May 4th, since the US imposed a 25% tariff on all imported steel and aluminum on March 12th, the EU steel industry has suffered a huge blow. At the same time, domestic consumers in the United States also have to pay for this policy. Axel Eggett, Director General of the European Steel Industry Alliance, stated that steel exports to the United States decreased by 1 million tons, resulting in a loss of approximately 2 billion euros. This policy will also have a significant impact on steel users in the United States. The US steel industry is currently unable to produce a large number of products of different grades and relies on imported steel from the European Union. If US steel users are unable to purchase these products from the domestic US market, their procurement costs will increase by 25%. (CCTV Finance)

On May 4th, at around 4:40 pm, a boat capsized in the Baili Gallery Scenic Area of Huawu Village, Xinren Township, Qianxi City, Bijie City, Guizhou Province. As of now, the accident has caused 3 deaths, 60 people have been sent to the hospital for treatment, and 14 people are currently being searched and rescued. (CCTV News)

On May 4th, Israeli Prime Minister Netanyahu posted a video on his social media account stating that the Israeli cabinet will hold a meeting that evening to discuss the next phase of the Israeli military’s action plan. In the video, Netanyahu emphasized that Israel’s two current goals are “rescuing detainees” and “defeating Hamas”, and stated that “Hamas cannot continue to exist in Gaza.” He also said that military pressure has been effective and will continue to be effective in the future. Netanyahu denied that he launched the war for political gain and reiterated that Israel will achieve a comprehensive victory in Gaza. In response to the attacks launched by the Houthis in Yemen against Israel, Netanyahu stated that Israel had previously taken military action against the Houthis and would continue to respond in the future. Israel is currently coordinating with the United States on this matter.

On May 4th, local time, US President Trump once again criticized Federal Reserve Chairman Powell’s failure to lower interest rates in an interview with NBC, implying that it was due to “personal hostility”. However, Trump stated that Powell will not be removed from office before the end of his term in 2026. In the interview, Trump also downplayed concerns about the possibility of an economic recession and stated that the United States is in a transitional period. He is not worried that the economy will shrink during his term, but he also does not rule out the possibility. When further questioned about whether he would be responsible for the impact of his tariff policies on the economy, Trump said he would ultimately take responsibility for everything. In addition, Trump once again mentioned in the interview that the possibility of using force to seize Greenland cannot be ruled out. (CCTV)

On May 4, it was reported that today is the the fourth day of the “May Day” holiday. The reporter learned from the Ministry of Transport that the cross regional mobility of people in the whole society today is expected to exceed 270 million person times, including 20.4 million person times of railway passenger traffic; The expected flow of highway personnel is over 240 million people; The estimated passenger volume by waterway is 1.7 million people; The estimated passenger volume of civil aviation is 2.25 million. (CCTV)

On May 4th, Citigroup released a research report stating that Meta’s first quarter financial report for fiscal year 2025 exceeded expectations, with advertising revenue excluding exchange rate effects growing by 20% year-on-year. The company’s Q2 guidance cap exceeded market expectations. The key is that the demand trend for Meta advertising is relatively healthy. Although the bank focuses on the impact of macroeconomic factors and reduced spending by Chinese advertisers, the scale of Meta users and advertisers, as well as the focus on new products, are offsetting some of the macro challenges. Citigroup stated that it is impressed by Meta Artificial Intelligence (AI) reaching approximately 1 billion monthly active users, Threads reaching 350 million monthly active users, and the increased engagement in core applications. Meta has indeed raised the median capital expenditure guidance by approximately $5.5 billion, and the bank believes that the company’s five core AI focus areas can drive sustained growth in the future. The bank pointed out that Meta is still its first choice stock, so it reiterated its “buy” rating and raised its target price from $655 to $690.

On May 4th, the Asian Development Bank announced a series of plans to expand its support for long-term food and nutrition security in the Asia Pacific region by $26 billion, thereby increasing the total funding for food security initiatives to $40 billion between 2022 and 2030. The additional $26 billion announced today will consist of $18.5 billion directly supported by the Asian Development Bank for relevant governments and $7.5 billion invested in the private sector. The aid funds will be used for a comprehensive plan covering the entire process of food production, from planting, processing to circulation and consumption.

On May 4th, according to the latest data from Ele.me, the full launch of Taobao flash purchases has driven a surge in Ele.me’s nationwide logistics orders. Within 48 hours after the full launch, 13 cities including Nanning, Guiyang, Zhongshan, Putian, and Sanya have exceeded their historical peak in daily logistics orders.