Search results for "FOOD"
13:19

U.S. consumer spending remained robust in July, with inflationary pressures persisting stubbornly.

PANews, August 29 - According to Jin10, despite persistently high inflation, U.S. consumer spending in July increased at the fastest pace in four months, demonstrating the resilience of demand. The U.S. Bureau of Economic Analysis reported on Friday that inflation-adjusted consumer spending rose by 0.3% month-over-month. Income growth drove an increase in consumer spending, with goods consumption being the main driving force. The core personal consumption expenditure price index, excluding food and energy, rose 0.3% month-over-month, while the year-over-year increase rose to 2.9%, the highest level since February.
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14:55

Institution: The Central Bank may cut interest rates next month due to mild inflation.

Jin10 data, August 19th: Desjardins Group of Canada maintains its forecast for a rate cut by the Central Bank of Canada next month, citing relatively moderate inflation data for July. Overall inflation slowed to 1.7% in July, down from 1.9% the previous month. The inflation rate excluding indirect taxes also decreased from 2.5% to 2.2%. With the Canadian government deciding in March to eliminate the consumer carbon tax, the Central Bank of Canada is closely monitoring this tax-excluded indicator. However, core inflation excluding volatile items such as food and energy remains high, with the core inflation metric preferred by the Central Bank still above 3%. Economist Royce Mendes stated that the data suggests price increases related to tariffs may occur in March and April, potentially earlier than the expectations of the Central Bank of Canada. "Recent price data shows that price growth is normalizing."
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12:44

The PPI growth rate in the United States reached its highest level in three years in July.

Jin10 data August 14 news, driven by soaring service costs, the PPI growth rate in the United States reached its highest level in three years in July. The report released by the U.S. Bureau of Labor Statistics on Thursday showed that the PPI rose 0.9% from the previous month, compared to no change in June. The index increased by 3.3% compared to the same period last year. The index excluding food, energy, and trade services rose 0.6% from June and increased by 2.8% compared to the same period last year.
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12:30

US Consumer Price Index Shows Mixed Results in Latest Report

Gate News bot message, The latest U.S. Consumer Price Index (CPI) data has been released, showing headline inflation at 2.7% year-over-year, coming in below the estimated 2.8%. Meanwhile, Core CPI, which excludes volatile food and energy prices, registered at 3.1% year-over-year, slightly above the
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IN-5.68%
10:12

High premium mergers lead to a limit down in stock prices! Huang Shang Huang responds: optimistic about the development prospects of the target company.

Huangshanghuang's stock price hit the limit down today, reported at 14.35 yuan, a fall of 9.97%, with a market capitalization dropping to 8.028 billion yuan. Previously, the stock price had continuously pumped by 20.94%. Market funds may have shifted due to its high premium acquisition of Lixing Food, which has strength and technology in the freeze-drying field. The company is optimistic about its future development and emphasizes that investors need to analyze the market rationally.
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00:06

A certain Ethereum developer is suspected of aiding others in "abusing" Ethereum and has been "detained" in Turkey.

PANews August 11 news, according to BeInCrypto reports, an Ethereum developer known as "Fede's Intern" has been detained in Izmir, Turkey, on suspicion of helping others "abuse" Ethereum. The developer stated in a post on X that authorities accused him of assisting in this activity. "Fede's Intern" denied any wrongdoing and emphasized that he and his team are "just infrastructure builders" and are willing to cooperate with authorities. During his "detention," he intermittently posted updates, stating that he had been moved to a private room and provided with food. He also claimed that arrangements were being made for him to leave Turkey for Europe by private jet within a few hours. Upon arriving in Europe, he will continue to fight the charges with his legal team.
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ETH-3.04%
10:58

The UK adds £8.5 million in humanitarian aid funding to the Gaza Strip.

Jin10 data reported on August 9th, local time on the 9th, the British government announced that it would add £8.5 million to the United Nations humanitarian fund (approximately 82 million yuan) to provide food, water, and fuel to the Gaza Strip. The British government emphasized that although the United Nations and humanitarian agencies are doing their best to coordinate and deliver supplies, the aid efforts are still hindered, with a large amount of supplies stranded at the border, leading to people scrambling for resources. Britain calls for Israel to revoke its plans to escalate military actions in Gaza, to cease fire as soon as possible, release hostages, and allow aid supplies to safely enter Gaza.
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08:20

FAO: World food prices rose to their highest level in two years in July.

The United Nations Food and Agriculture Organization reported that global food commodity prices reached their highest level in more than two years in July, influenced by the rise in international meat and vegetable oil prices, with the food price index at 130.1 points, a 1.6% increase from June. Although lower than the peak in 2022, the rise in meat and vegetable oil prices offset the decline in prices of other food categories.
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03:53

Survey: India's inflation rate in July may drop to an 8-year low

The survey shows that India's retail inflation rate is expected to drop to 1.76% in July, the lowest in 8 years, below the tolerance range set by the Central Bank, mainly due to the control of food prices. This will mark the ninth consecutive month of declining inflation.
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11:54

The message conveyed by the Bank of England continues to focus on inflationary pressures.

Jin10 data, August 7th report: Fitch's chief economist Brian Coulton stated that policymakers at the Bank of England seem generally willing to keep interest rates within a restrictive range. He mentioned in a report that the vote to lower the benchmark interest rate by 25 basis points to 4% passed with a margin of 5 votes to 4, and cannot truly be described as a dovish rate cut, even though rate setter Allen Taylor initially pushed for a 50 basis points cut. The message from the Bank of England emphasizes the increasing risks of rising medium-term inflation prospects, as well as the potential for rising food prices to boost household inflation expectations. Despite clearer evidence showing that the labor market is weakening and wage pressures are easing, we do not expect another rate cut before November.
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11:49

Bank of England Governor Bailey: Consumers seem to be more cautious than we expected.

Jin10 Data reported on August 7 that the Bank of England Governor Bailey stated that consumers are more cautious than policymakers had expected. "Consumers appear to be more cautious than we had anticipated, and the broader downside risks to economic activity, along with the risks of sudden adverse developments in the labor market, may have exacerbated this perception. Food and energy prices are very important to consumers and often have a greater impact on inflation expectations than other prices, so we must be very careful to avoid any additional second-round effects on wage and price setting in the economy."
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13:49

Only 85 rescue trucks enter Gaza every day, far below the daily demand of 600.

Jin10 data reported on August 6: The media office of Gaza announced on August 6 that since Israel declared on July 27 that it would allow relief supplies to enter Gaza, only 853 relief trucks have entered the Gaza Strip in 10 days, averaging only 85 trucks per day. The office pointed out that at least 600 trucks loaded with relief supplies and fuel are needed daily in the Gaza Strip to meet the minimum requirements in health, public services, and food sectors. The office called on the international community to take urgent action to ensure that aid supplies can enter Gaza as needed and in a timely manner to alleviate the worsening humanitarian crisis.
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02:59

Goldman Sachs raises target price for Mixue and Gu Ming, maintains "Buy" rating.

Jin10 data reported on August 6th that Goldman Sachs raised its net profit forecasts for Gu Ming (01364.HK) and Mixue Group (02097.HK) by 9% and 1% this year, reflecting that the duration of food delivery subsidies exceeded expectations. It also raised Gu Ming's profit forecast for next year by 4%, reflecting robust performance of new products and efforts in brand investment from 2024 to 2025. The bank raised its target price for Gu Ming from 29.2 HKD to 30 HKD, and Mixue's target price from 597 HKD to 599 HKD, with both rated as "Buy".
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01:29

Trump stated that whether to occupy the entire Gaza depends on Israel.

On August 6, Jin10 reported that U.S. President Trump stated he would not block Israel's potential plans to take over Gaza. On Tuesday, when asked about reports regarding Israeli Prime Minister Netanyahu's decision to occupy the entire Palestinian enclave, Trump said his focus is on "getting food to the people of Gaza." "As for the rest, I really can't say. It will largely depend on Israel," Trump told reporters.
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TRUMP13.84%
01:21

Affected by inflation, Japan's real wages fell by 1.3% in June.

Jin10 data reported on August 6, Japan's government data released on Wednesday showed that due to ongoing inflation offsetting the impact of summer bonuses, Japan's real wages in June fell by 1.3% year-on-year, marking the sixth consecutive month of decline. The Japanese Ministry of Health, Labor and Welfare stated that nominal wages rose by 2.5%, reaching 511,210 yen (approximately $3,500), marking the 42nd consecutive month of increase. However, driven by rising prices of rice and other food items, the consumer price index used to calculate wage data climbed by 3.8% in June, keeping the real wage growth in negative territory.
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16:41

161 aid supply trucks entered the Gaza Strip.

Jin10 reported on July 26 that, local time on the 25th, an Egyptian source stated that from early yesterday morning to early today, a total of 161 trucks carrying aid supplies entered the Gaza Strip through the northern Kerem Shalom crossing and the southern Erez crossing. The source said that the aid supplies entering the Gaza Strip included flour, infant formula, and food.
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04:10

Sources say that the Bank of Japan will consider raising its inflation forecast at the July meeting.

Golden Finance reported that three sources familiar with the thoughts of the Bank of Japan said that the Bank of Japan will consider raising its inflation forecast for the current fiscal year this month, reflecting the ongoing rise in rice and broader food prices. However, the sources said that the Bank of Japan is expected to largely maintain its inflation expectations for the fiscal years 2026 and 2027, meaning that the Bank of Japan will pause interest rate hikes and wait for clearer information on how U.S. tariffs will impact the economy.
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09:01

Tianbang Foods: Sales of commercial pigs in June amounted to 675 million yuan.

Jin10 data reported on July 4th that Tianbang Food announced the sale of 506,300 commodity pigs in June 2025 (including 175,400 piglets), with sales revenue of 675 million yuan and an average sales price of 15.88 yuan/kg, with month-on-month changes of 1.08%, -4.01%, and -2.52% respectively. From January to June 2025, a total of 2,958,200 commodity pigs were sold (including 950,300 piglets), with sales revenue of 4.143 billion yuan and an average sales price of 16.19 yuan/kg, with year-on-year changes of -1.99%, 3.94%, and -1.16% respectively.
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PIG-4.08%
05:40

The U.S. Congress passed a massive tax reform spending bill, and encryption investors need to follow policy changes.

According to Bloomberg, after days of negotiations and last-minute maneuvering, the U.S. Congress passed a multi-trillion dollar tax and spending bill that solidifies President Trump's domestic policy agenda. This bill, which Trump referred to as "big and beautiful," extends the tax cuts implemented during his first term, allocates billions for defense and immigration enforcement, while significantly cutting funding for healthcare programs, food assistance, and clean energy initiatives. The bill passed in the House of Representatives with a vote of 218-214 and has now been sent to President Trump for signing.
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TRUMP13.84%
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22:56

Nearly 600 people were killed at a U.S.-backed aid distribution point.

Jin10 data reported on July 3rd, citing information from the health department of the Gaza Strip as reported by Qatar's Al Jazeera, that since May 27th, at least 583 Palestinians have been killed while waiting to receive food at aid distribution points operated by the U.S. and Israel-backed private organization "Gaza Humanitarian Foundation", and another 4,186 people have been injured. In just eight days since the "Gaza Humanitarian Foundation" unilaterally "took over" the distribution of aid supplies in the Gaza Strip, over 100 people have died from Israeli military attacks.
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12:14

In June, Germany's inflation rate fell to 2.0%, unexpectedly declining.

Jin10 data June 30th, the preliminary data released by the Federal Statistical Office of Germany on Monday shows that Germany's inflation slowed in June, while the market expects that price pressures in Germany will rise slightly. Germany's inflation rate decreased year-on-year to 2.0%, while analysts expect it to rise to 2.2% compared to last month. Germany's core inflation rate (excluding volatile food and energy prices) fell from 2.8% last month to 2.7% in June. On Tuesday, the Eurozone will release inflation data, and economists expect the Eurozone's June inflation to rise from 1.9% to the 2% target set by the Central Bank of Europe. In addition, the German Statistical Office stated on Monday that Germany's import prices fell by 1.1% year-on-year in May.
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07:03

In Japan, over 20,000 food items will rise in price by 2025.

According to data from Japan's "Imperial Database", the number of food items planned to rise in price by 2025 will exceed 20,000, mainly consisting of seasonings and beverages, with the price increase reaching five times that of the same period last year. The upward price trend is expected to continue.
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14:45

Gaza Strip Media Office: 580 people have died while receiving food at the "US-Israel" aid center.

Jin10 data, June 29 news, on the afternoon of the 29th local time, the media office in the Gaza Strip released the number of civilian deaths, injuries, and missing persons who were attacked by the Israeli military while trying to obtain food from these "death traps" since the "US-Israel" aid center began operations on May 27, 2025. According to statistical data, the number of deceased is 580, the number of injured is 4,216, and 39 are missing.
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07:00

Gaza authorities: The flour distributed to Palestinians by the US-Israeli humanitarian center contains drugs.

On June 28, Jin10 reported that the authorities in the Gaza Strip issued a statement on social media on the 27th, stating: "We express our deep concern and condemnation regarding the discovery of Oxycodone tablets with drug potency in the flour obtained by Palestinian citizens from the so-called U.S.-Israeli humanitarian aid distribution center." The Gaza authorities again called on the international community to assist in closing these U.S.-Israeli humanitarian aid distribution centers. Gaza referred to these centers as "death traps," as Palestinian individuals often lose their lives in attempts to obtain food due to artillery fire from the Israeli military.
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00:42

Jin10 Data Organization: Middle East Situation Tracking (June 28)

Gaza Conflict: 1. European Council: Israel must immediately accept a ceasefire in Gaza. 2. Market news: Israeli officials have stopped the entry of food and supplies into northern Gaza. 3. The Israeli military is accused of deliberately firing at civilians at Gaza aid points, which high-level officials deny. Israel-Iran Conflict: 1. Israel claims to have struck over 900 Iranian targets during the conflict, resulting in the deaths of 11 scientists. 2. Israeli Defense Minister: instructed the military to formulate an execution plan against Iran after the 12-day war. The plan includes maintaining Israel's air superiority, preventing the development of (Iran's) nuclear weapons and missile production, and responding to Iran's support for "terrorist activities" targeting Israel. 3. An Israeli Defense Forces spokesperson summarized military actions against Iran: achieving established goals and even exceeding expectations. 4. U.S. Energy Secretary Granholm: sanctions on Iranian oil remain effective. 5. Iran has extended its flight ban in the west and northwest until 2 PM on Saturday. 6. Iran stated
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TRUMP13.84%
RON-2.66%
00:20

In May, rice prices in Japan rose by more than 100% year-on-year.

Japan's inflation index accelerated to a two-year high, with core consumer prices rising 3.7% year-on-year in May. Food prices soared, particularly rice prices which increased by 101.7%. This intensification of inflation has led to a tug-of-war between the government and opposition parties over the issue of living costs, while also providing support for the Bank of Japan to raise interest rates.
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23:49

Japan's core inflation rises to a new two-year high, increasing pressure on the Central Bank to raise interest rates.

Jin10 data on June 20 reported that Japan's core inflation rate in May rose to 3.7%, higher than the market expectation of 3.6% and the previous value of 3.5%, marking the highest level since January 2023. This further increased the pressure on the Bank of Japan to curb inflation through interest rate hikes. The data excluding fresh food prices exceeded the 3.6% expected by economists surveyed by Reuters and also rose from 3.5% in April. Japan's overall inflation rate in May was 3.5%, lower than 3.6% in April. This marks the 38th consecutive month that the inflation rate has exceeded the Bank of Japan's target of 2%. The core-core inflation rate, closely watched by the Bank of Japan (excluding fresh food and energy prices), rose from 3% last month to 3.3%. Prior to the release of the latest inflation data, the Bank of Japan decided to maintain the benchmark interest rate at 0.5% during its monetary policy meeting earlier this week. However, the central bank stated in its announcement that the transmission of wage increases to sales prices is still...
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04:37

At least four publicly listed companies in the United States have announced plans to increase their holdings in Crypto Assets, totaling $844 million.

Gate News bot reported that on Tuesday, at least four U.S.-listed companies announced that they would increase their holdings of cryptocurrencies for a total of $844 million. Among them, the largest company in the amount of financing is DDC Enterprise Ltd, a seller of ready-to-eat food in Hong Kong, China. The company said it has signed three purchase agreements totaling $528 million, with all funds going to expand the company's Bitcoin reserves. The financing came almost entirely from $300 million in convertible bonds, $200 million in credit lines and $26 million in equity investments. Dallas investment firm Anson Funds is the largest investor, with Animoca Brands' venture capital arm also participating. The DDC says it plans to buy 5,000 BTC over the next three years – a goal that could be achieved with just $528 million in funding at current prices. Fold Holdings Inc, the first publicly traded bitcoin financial services company, said on Tuesday that it had raised $250 million in equity subscription financing, with net proceeds "mainly used" to increase its holdings of bitcoin.
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BTC-1.36%
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13:31

Economists: CPI rose modestly than expected Imported food prices rose significantly

On June 11, Brian Jacobsen, chief economist of Annex Wealth Management, said that the CPI data was much more modest than expected. For example, the price of bananas rose by 3.3% and the price of toys rose by 2.2%, but the price of eggs fell by 2.7%. A slight stabilization of trade policy would go a long way towards avoiding runaway inflation. This is yet another example of why the Fed is likely to shift its risk focus from the threat of inflation to the threat of economic growth.
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07:01

The US CPI data for May will be released this Wednesday, and Bloomberg analysts predict that the core inflation rate will accelerate to an annual rate of 2.9%.

Gate News bot message, Bloomberg analysts estimate that due to the uncertainty of Trump's tariff war forcing businesses to gradually pass on higher import tariffs to consumers, the inflation rate for U.S. consumers may rise in May. Bloomberg economists also stated that the core consumer price index (CPI) shows that the cost of goods and services (excluding volatile categories like food and energy) rose by 0.3% in May, the largest pump in four months, while it rose by 0.2% in April. Additionally, the year-over-year core inflation rate may accelerate to an annual rate of 2.9%, marking the first rise of the year.
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BOT-9.87%
TRUMP13.84%
09:47

Japan's Minister of Agriculture: Considering the release of reserve rice for the production of sake and miso.

On June 4, Jin10 reported that Japan's Minister of Agriculture, Koizumi Shinjiro, revealed on the same day that the government is considering releasing government reserve rice to sake and miso manufacturers to address the rising rice prices and rice shortages. He emphasized, "Rice is not only used for staple food, and comprehensive and detailed considerations are needed." After previous releases, there are still about 300,000 tons of government reserve rice left, and it is expected that a portion will be allocated from this. Koizumi also disclosed in an interview at the Ministry of Agriculture, Forestry and Fisheries that he plans to meet with Japanese sake manufacturers and miso processing groups next week. He stated, "We will study feasible countermeasures" and finalize details soon. Koizumi mentioned that if there is demand, reserve rice will be released without limit, and they will also consider supplying rice imported at the minimum import volume. He said, "All options will be evaluated, and all possible measures will be taken to stabilize the rising rice prices."
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17:09

Trump will soon propose new ceasefire terms for Gaza

The Trump administration plans to finalize a new written protocol as early as Wednesday, which could serve as the basis for a ceasefire agreement between Israel and Hamas in Gaza. Trump emphasized the acceleration of food deliveries to the Palestinian people in Gaza and stated that efforts are being made to improve the situation in Gaza.
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TRUMP13.84%
16:03

German Foreign Minister: The situation in the Gaza Strip is "intolerable"

Jin10 reported on May 28 that on May 27 local time, German Foreign Minister Baerbock stated during a speech at the WDR European Forum that the current situation in the Gaza Strip is "intolerable," and that Israel is applying double standards in the Gaza Strip, with its military actions exceeding limits. Israel should ensure that the people in the Gaza Strip can meet their basic needs for food and medicine.
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06:57

France's inflation drops, potentially clearing the way for the European Central Bank to cut interest rates next month.

According to Gate News bot, as reported by Jin10, France's inflation in May cooled more than expected, potentially clearing the way for the European Central Bank to cut interest rates next month. Data released on Tuesday showed that the preliminary year-on-year harmonized CPI for May recorded 0.6%, down from 0.9% in April. The decline in inflation in France's services and energy sectors helped prices further retreat this month. However, food inflation rose slightly.
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BOT-9.87%
00:45

The Governor of the Bank of Japan hinted at supporting further interest rate hikes, leading to a stronger yen.

Jin10 reported on May 27th that the Japanese yen strengthened against other G-10 and Asian currencies in early trading after comments from Bank of Japan Governor Kazuo Ueda hinted at support for further interest rate hikes by the Bank of Japan. Ueda stated at a meeting of the Bank of Japan's Institute for Monetary and Economic Studies that the Bank of Japan will continue to raise interest rates based on economic and price conditions, and the central bank needs to be vigilant about the impact of food prices on Japan's potential inflation.
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20:45

UN agency: Conflict leaves less than 5% of Gaza's arable land available.

Jin10 Data May 27th news, a report released by a UN agency on May 26th pointed out that due to ongoing conflicts and difficulties for farmers to access their lands, the arable area in the Gaza Strip has been severely damaged, with less than 5% remaining cultivable. The local food production situation has further deteriorated, and the risk of famine has intensified.
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06:17

Trump's encryption dinner was criticized by guests for the food and speech.

On May 22, social media influencer Nicholas Pinto attended a dinner hosted by President Trump for major holders of the TRUMP memes, and found the food to be terrible. Trump referred to the Crypto Assets as "possibly special," which was criticized as "nonsense." Some guests complained that he left right after his brief speech and did not present the watches as expected.
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TRUMP13.84%
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15:20

No casualties among trapped miners in South African gold mine; 79 have been safely lifted to the surface.

Jin10 Data reported on May 23, that on the afternoon of May 23 local time, South African West Rand - Stilwater Company confirmed that among the 260 miners trapped after an underground accident at the Krugersdorp gold mine located west of Johannesburg, there are currently no casualties, and 79 people have safely ascended to the surface. It is reported that the remaining 181 people are still stranded at the underground safety assembly point, and the company is continuously providing food and will arrange for them to ascend once the safety of the lifting system is confirmed. The cause of this accident was a malfunction of the mine lifting device.
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03:42

Japan's core inflation rate may drop to nearly 1.5% by early 2026.

Golden Ten Data on May 23, Mizuho Securities economist Ryosuke Katagi said that excluding volatile fresh food and energy prices, the increase in Japan's consumer price index may slow to between 1.5% and 2.0% in the first quarter of 2026. The so-called core CPI rose 3.0% year-on-year in April, compared to a 2.9% increase in March. This indicator is considered to be a measure of underlying inflation. Despite rising wages, service prices do not appear to show signs of accelerating, while cost drivers, including surging rice prices, are expected to ease, Katagi said. "From the point of view of achieving a stable inflation rate of 2%, it still lacks strength," he said.
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09:21

Tianwei Foods: Deng Wen plans to transfer no more than 2% of shares to Tianli No. 19 Fund and Tianli No. 19 Phase 1 Fund.

On May 22, Tianwei Food announced that Mr. Deng Wen, the controlling shareholder, intends to transfer a total of no more than 21,299,900 shares to Tracker Credit Enhancement Tianli No. 19 Private Securities Investment Fund and Tracker Credit Enhancement Tianli No. 19 Phase 1 Private Securities Investment Fund through block trading, accounting for 2% of the company's total share capital. The share transfer is an internal transfer of the controlling shareholder and its persons acting in concert, which does not involve the reduction of holdings to the market and will not lead to changes in the controlling shareholder and actual controller.
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