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Today's news:

1. The German federal government announced its fiscal budget plan for 2025 on the 17th, and the supplementary budget for 2024 and a growth plan have also been approved by the cabinet. According to the plan, Germany's 2025 draft budget stipulates an expenditure of 480.6 billion euros. With the supplementary budget, the budget size in 2024 will rise to 488.9 billion euros.

2. The Society for Worldwide Interbank Financial Telecommunication (Swift) released a monthly report and data statistics on the RMB on the 18th, showing that in June this year, in the global payment currency ranking based on amount statistics, the RMB remained the world's fourth most active currency, accounting for 4.61%. This is also the 8th consecutive month that the RMB's global payment ranking has remained fourth in the world.

3. The preliminary value of trade statistics for the first half of 2024 (January to June) announced by the Japanese Ministry of Finance on the 18th (based on customs clearance) showed that the trade balance of exports minus imports was a deficit of 3.2345 trillion yen (about 150.9 billion yuan).

4. According to the Voice of Vietnam on the 15th, the Vietnam Leather Footwear and Handbag Association (Lefaso) predicts that the industry's exports this year are expected to reach US$26 billion to US$27 billion.

5. Samsung Electronics announced on the 17th that it agreed to acquire Oxford Semantic Technologies, a British knowledge graph technology startup, but did not disclose the terms of the agreement. Samsung Electronics said that Oxford's expertise will greatly improve the AI technology on Samsung electronic devices.

6. Mercedes-Benz and Starbucks announced on the 17th that the two parties will cooperate to install electric vehicle charging stations in more than 100 Starbucks chain stores across the United States. The cost of the plan has not yet been disclosed.

7. FIA: A total of 45 nuclear fusion whole-reactor companies participated in the survey worldwide. The cumulative financing scale of the fusion industry has reached US$7.1 billion, an increase of US$900 million year-on-year. The cumulative public funding investment is US$426 million, and the data for 2023 will be US$271 million. Among the 35 companies that responded to the survey, 89% are optimistic about achieving grid-connected power generation by the end of the 2030s, and more than 70% believe that it can be achieved before 2035.

8. Counterpoint: In the second quarter, global PC shipments increased by 3.1% year-on-year to 62.5 million units, marking the second consecutive quarter of year-on-year growth in PC market shipments. The growth was driven by a moderate replacement cycle and a relatively low base period, which highlights the continued recovery of the global PC market in 2024.

9. Canalys: In the second quarter, the Indian smartphone market increased slightly by 1%, with total shipments reaching 36.4 million units, affected by various factors such as the Indian general election, seasonal sluggish demand, and extreme weather in some regions. After six quarters, Xiaomi regained the top spot with 6.7 million units shipped and 18% market share.

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Today’s exchange rate:

1 USD = 7.2666 RMB

1 EUR = 7.9140 RMB

1 GBP = 9.4044 RMB

Today's Insights: Change Yourself, Do "a Little More" Every Day

Work harder
Intelligence comes from diligence, and genius comes from accumulation. In this world, there is rarely any sudden good luck. Instead of envying others' glory, it is better to rely on your own strength. Silently accumulate strength, and the seeds of dreams will always grow into towering trees.

Persist more
Life is not a 100-meter sprint, but a marathon that tests endurance. The lead at the start is only temporary, and the winner is the one who can run to the end. Persist in everything, and under the witness of time, even the smallest progress will show magical power.

Be more confident
Many times, what we lack is not the opportunity to succeed, but confidence. Confidence is not arrogance, but knowing how to accept and recognize oneself in imperfection and strive to become better. Give full play to your strengths and correct your shortcomings, and your life will shine.

Think more
Life is always changing and new. If you always do things step by step, you will easily fall into a fixed mindset and be trapped in a small space. Open your mind and be good at thinking. There is no standard answer to the test paper of life, so you don’t need to set limits on yourself. The deeper you think, the more exciting the answer will be.

Be more courageous
If you want to find the life state that suits you best, you must have the courage to "dare." Bravely face all the challenges in life and take action, and everything will not be so terrible. Don't take detours when facing difficulties, and don't back down when facing challenges. You will find that you are more powerful than you think.

Be more optimistic
I have heard a saying: "Attitude is a two-way door across the road of life. You can turn it to one side and enter success, or turn it to the other side and enter failure." Your mentality affects the direction of your life. Be more optimistic to make yourself live comfortably and live a bright life.

Be more precipitated
Only by doing ordinary and simple things well can you make yourself different and become an amazing person. Calm down, keep calm, and endure loneliness. As long as you continue to precipitate yourself, you will eventually usher in moving flowers and applause.

Be more grateful
Gratitude is a way of expressing love. Only by expressing love can you better harvest love. A heart full of love and gratitude can generate tremendous energy. May you stay positive, become a better person, and meet a better future!

about author - daniel

About Author - Cartney Piers

With extensive experience in the power tools industry, and her expertise in power tools import and export, combined with a strong business background, ensures our readers receive knowledgeable and timely news. Efficient and smart, Cartney excels in delivering high-quality content that resonates with B2B wholesalers and importers. Outside of writing, she enjoys exploring new technologies and staying ahead of industry trends.

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