China's first autonomous and controllable real-time geomagnetic model was released. Recently, the satellite science team of "Macau Science No.1" (hereinafter referred to as "Macau No.1") released the first WM (Macau World Geomagnetic Model) real-time four-dimensional geomagnetic field series model version 1.0 in China. Zhang Keke, chair professor of Macau University of Science and Technology, chief scientist of Aoke-1 satellite and chief designer of its science and application system, introduced that the real-time geomagnetic field model makes full use of high-precision geomagnetic field data of Aoke-1 satellite, and is the first self-controlled real-time geomagnetic field model in China, which has a wide range of important scientific and application values, and can be used for scientific research in the deep earth, the earth's ocean and the earth's space, as well as for aerospace navigation and navigation. (People's Daily)Chengyu, Sichuan: Qionglai South Toll Station of Tianqiong Expressway was officially completed and opened to traffic. On December 10th, Qionglai South Toll Station, the largest toll station along Tianqiong Expressway under Sichuan Chengyu Expressway Co., Ltd., was officially completed and opened to traffic. (China Securities Network)Fitch: It is expected that the financial situation of the United States will improve moderately in 2025, due to the cyclical rebound of personal and corporate taxes, higher capital gains and tariffs. In view of the spread, the Canadian dollar will continue to weaken, which may offset some of the impact of the US tariff increase.
Consumer prices in Ukraine rose by 11.2% year-on-year in November, with an estimated increase of 10.4%; In November, consumer prices rose by 1.9% month-on-month, and it is estimated to rise by 1.5%.Without the government's approval, the South Korean National Assembly passed the budget reduction bill for next year. On the 10th, the South Korean National Assembly held a plenary meeting and adopted a cut version of the 2025 budget with a total amount of 673.3 trillion won (about 3.41 trillion yuan). According to Yonhap News Agency, this is the first time that the South Korean National Assembly passed the budget without agreement between the ruling party and the opposition party. In the 300-seat parliament, 278 members voted on the budget, 183 were in favor, 94 were against and 1 abstained. The ruling National Power Party and some opposition party members voted against it. This budget is one of the focal points of the recent struggle between the ruling and opposition parties in South Korea and one of the factors inducing the current political chaos. The original budget proposed by the government was 677.4 trillion won, but the largest opposition party, the Common Democratic Party, demanded a reduction of 4.1 trillion won, mainly involving the government reserve fund, the special activity expenses of the presidential secretary's office and the national security office, the special work expenses and special activity expenses of the procuratorate and the supervision institute. (Xinhua News Agency)After the decline in the second quarter, the labor cost in the third quarter of the United States was revised downwards. After the decline in the previous three months, the increase in labor cost in the third quarter of the United States was lower than the initial value, further proving that the job market is no longer a source of inflationary pressure. According to data released by the Bureau of Labor Statistics on Tuesday, the unit labor cost increased at an annualized rate of 0.8% from July to September, and decreased by 1.1% after revision in the previous quarter. The initial value of labor costs showed an increase of 1.9% in the third quarter. The adjustment of these two cycles reflects the downward adjustment of hourly salary. During the period from July to September, the annual rate of productivity increased by 2.2%, which was not revised, compared with 2.1% in the previous quarter.
KPMG: Artificial intelligence has produced a convincing level of return on investment, and the return on investment value of generative AI is higher. On December 10th, KPMG, one of the top four international accounting firms, said that artificial intelligence (AI) has produced a convincing level of return on investment, and the return on investment of machine learning, deep learning and generative AI all met or exceeded expectations. "Among them, the return on investment value of generative AI is relatively higher." KPMG pointed out that at present, the application of generative artificial intelligence is growing, and generative artificial intelligence has become the top priority of the future layout of enterprises. KPMG stressed that with the accelerated growth of AI applications, the technology dividend will increase exponentially, and the return on investment of AI is very significant. At present, the industry changes brought by artificial intelligence are taking place, and it is very important to change from passive thinking to active thinking.The pace of interest rate cuts may be inconsistent. The pound rose to the highest level against the euro since 2022, and the pound rose to the highest level against the euro in more than two and a half years. British government bonds fell because the market expected that the Bank of England would cut interest rates less than Europe. On Tuesday, the pound rose 0.3% against the euro to 82.50p, the first time since April 2022. British government bonds fell across the board, and the 10-year yield rose to 4.33%, the highest since November 28. Traders expect the Bank of England to stay put at its last policy meeting this year next week and maintain a cautious stance on subsequent interest rate cuts. The country's growth remains strong, while inflation in some areas remains high. At the same time, it is widely believed that the European Central Bank will cut interest rates by 25 basis points on Thursday to support the economy. "The 0.8200 mark is imminent," said Brad Bechtel, global foreign exchange director of Jefferies. "It is clear that the Bank of England will still lag far behind the European Central Bank in the pace and extent of interest rate cuts.The Chadian military said that France began to withdraw its troops from Chad. According to the announcement issued by the Chadian military on the 10th, France began to withdraw its troops from Chad on the same day. The General Staff of the Chadian Armed Forces announced that after the decision to terminate the cooperation agreement with France, France began to withdraw its troops in Chad on the 10th with the take-off of some fighter planes. The announcement said that the public will be informed of the progress of withdrawal at any time. According to the news obtained by the French media from military insiders, the French army began to evacuate from N 'Djamena, the capital of Chad, on the 10th, and several French fighter planes have taken off. The person familiar with the matter said that France has decided to close an air base in N 'Djamena, and the French army is returning its plane. (Xinhua News Agency)