Today's news:
1. Fitch Ratings estimates that the U.S. deficit at the federal, state, and local levels was 8.8% of GDP last year and will reach 8.2% this year. By 2025, interest payments are expected to reach 10.3% of income, three times the median of AA-rated countries. Meanwhile, the Bank of Thailand kept its benchmark interest rate unchanged for the fifth consecutive policy meeting as it waits for the new prime minister's policy direction.
2. On August 21, the Bank of Thailand voted 6-1 to keep the one-day repurchase rate unchanged at a decade-high of 2.50%. In a recent interview, the Governor of the Reserve Bank of India, Shaktikanta Das, stated that India's inflation rate must show signs of stabilizing near the central bank's 4% target before considering a rate cut.
3. South Korea's Dong-A Ilbo reported that as the U.S. policy restricting capital investment in China's cutting-edge industries is about to be implemented, the South Korean industry has submitted a letter of concern to the U.S. government. Due to vague regulations, South Korean companies with legal entities in the United States or those receiving U.S. investment may also face restrictions on investing in China.
4. Azerbaijan's Foreign Ministry spokesman announced on the 20th that the country has submitted a formal application to join the BRICS cooperation mechanism.
5. Vietnamese technology giant FPT began construction of a $174 million artificial intelligence project in Binh Dinh Province on the 21st. The project includes an artificial intelligence center, which will focus on research, software production, and digital transformation assistance.
6. According to CINNO Research, in the second quarter, the sales volume of foldable screen mobile phones in the Chinese market reached 2.62 million units, a year-on-year increase of 125%. This marks the fourth consecutive quarter that the market has maintained a three-digit year-on-year growth rate.
7. TrendForce reports that due to geopolitical issues and economic influences, consumers are conservative in their budget allocations. It is estimated that global notebook computer shipments will reach 170 million units in 2024, a year-on-year increase of 3.7%.
8. Recent unexpected events in the global MDI industry have heightened expectations for stronger product prices. Sudden events and maintenance shutdowns have affected about 24% of global MDI production capacity. Industry insiders confirm rumors of potential price increases, though a sharp rise in MDI prices has not yet occurred.
9. RUNTO reports that in the first half of the year, the omni-channel sales volume of consumer-grade XR devices (including AR and VR) in China was 261,000 units, a year-on-year decrease of 20.4%. The omni-channel sales volume of consumer-grade VR devices specifically was 151,000 units, a year-on-year decrease of 41%.
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Today's Insights: True Confidence Comes from These Four Essential Qualities
Table of Contents
Possessing These Four Things is a Person's True Confidence
True confidence comes from within, and it is built on four key attributes that allow a person to navigate life effectively and with assurance.
1. The Ability to Continue Learning
The significance of learning lies not only in mastering new knowledge and skills but also in developing the habit of deep thinking. Continuous learning helps us enrich our understanding of the world and ourselves, leading to genuine personal growth.
Learning is embedded in daily life. Whatever you do, strive to explore ways to do it better, review and reflect afterward, and apply effective experiences to future tasks. By making learning a habit, we can consistently gain the confidence and wisdom needed to handle life’s challenges.
2. The Habit of Quick Action
Many of us have experienced the tendency to procrastinate when faced with a task we don’t want to do. The longer we delay, the less motivated we become, turning small tasks into daunting ones. In the end, this leads to frustration and self-blame.
The most effective way to break this vicious cycle is to take immediate action. Action is powerful. Often, taking the first step significantly reduces the fear of difficulty. Many obstacles are imagined in thought but overcome in action. Start by taking action, and the answers will gradually become clear over time.
3. The Wisdom of Tension and Relaxation
In life, we often feel the urge to complete tasks in one go, even when we are physically and mentally exhausted, leading to reduced efficiency and increased irritability. This can cause progress to stall and emotions to fray.
Balancing tension and relaxation is a form of life wisdom. Pausing at the right time to reorganize your thoughts and plan ahead can often lead to more effective results. Life is a marathon, and only by controlling your own pace can you achieve long-term success.
4. The Courage to Start Again
When things are going well, it is important to remain sober and recognize that continuous improvement is key to creating new success. Conversely, during times of setback, it is essential to adjust and find the courage to start again, allowing yourself to rise from the trough.
The courage to start again reflects a positive attitude toward life. Don’t be bound by past achievements or regrets. Unload the burdens, walk with a light heart, and embrace the infinite possibilities that come with every brave new beginning.
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