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The Chinese Ministry of Foreign Affairs announced on Sunday that it would express “serious concern” about the Taiwan crisis to US National Security Advisor Jake Sullivan, who will be visiting China next week. Foreign Minister Wang Yi made “strict demands on the Taiwan issue,” and he intends to insist that the United States must adhere to the “one China” principle rather than “supporting Taiwan's independence.”
The department also stated that Beijing will demand that the United States “stop politicizing and securing economic and trade issues,” such as tariffs, export restrictions, investment reviews, and unilateral sanctions. “The United States should step in partnership with China and take further steps to promote people-to-people exchanges between the two countries,” the department said.

・The Israeli military has launched “intense” air strikes across southern Lebanon, and stated that the purpose of these “aggressive” air raids was to remove Hezbollah's “threat.”
・Hezbollah announced large-scale drone and rocket attacks against Israel, and stated that this concentrated artillery fire was in retaliation for the Israeli military's killing of the military's supreme commander Fuad Shukr in Beirut in July.
・The Lebanese armed group said they fired more than 320 drone barracks and battalion rockets at 11 Israeli military bases and barracks as the “first phase” of a retaliatory attack.
· According to Israeli media, at least one woman was slightly injured by falling debris during the Hezbollah attack. There were no immediate reports of casualties in Lebanon.
・Israel's Defense Minister Yoab Gallant declared that the “state of emergency” will continue in the country for the next 48 hours in response to the announcement that the United States will continue to support Israel's “right to self-defense.”
・Tel Aviv's Ben Gurion Airport temporarily suspended flights after Israel announced the attack, but resumed operations at 7 a.m. (4 a.m. GMT).

The prime minister issued a statement saying he had instructed the Israeli military to “act aggressively” after sensing Hezbollah was preparing to attack Israel.
The military is working to “stop the threat” and “destroyed thousands of rockets aimed at the northern part of the country.”
The prime minister added, “The military is also deterring many other threats and is showing great strength in both defense and attack.”
“We are determined to take every measure to protect our country, to bring northern residents back to their homes safely, and to continue to abide by the simple rule “Whoever harms us also harms us.”

Israel announced it had attacked southern Lebanon to “preempt” Hezbollah's attack on northern Israeli towns.
Hezbollah announced that it had completed the first phase of a “mass missile” retaliation attack against Israel in response to the murder of Commander Fuad Shukr at the end of July.
The Lebanese group said in a statement on Sunday that it had fired more than 320 Katyusha rockets at 11 Israeli military bases and barracks, including Meron base and 4 locations in the occupied Golan Heights. Israel targeted and killed Hezbollah and Hamas executives, and amid concerns about regional escalation, this reaction had been in the spotlight since a few weeks ago.
Hezbollah said it targeted military bases to “facilitate the passage of drones” towards targeted targets deep within Israel. “And the drone passed as planned”
This is because Israel began a series of intense air raids on southern Lebanon early Sunday morning, claiming that it was a “preemptive strike” initiated when Hezbollah detected preparations to attack northern Israel.
“To Israel...

・California leads the United States in the spread of electric vehicles, has more than 1.1 million EVs, and has the highest number of EVs per capita.
・Washington, Hawaii, and Oregon are EV promotion hotspots following California, and Mississippi and North Dakota are lagging behind.
・California's extensive charging infrastructure, which has more than 15,000 stations, supports EV leadership.
In 2023, sales volume of electric vehicles (EVs) surpassed 1.6 million units.
To visualize regions where EVs are most prevalent, Visual Capitalist Bruno Venditti shows the number of EV registrations per 0.1 million people by state on a map as of 2024/6.
Vehicle registration data is obtained from the US Department of Energy, and population data is obtained from the US Census Bureau.
California is leading the way in introducing EVs
California has the highest number of electric cars with 1.1 million units. Florida continues with 0.23 million1000, and Texas is in 3rd place with 0.21 million.
If you look at the number of EVs per 0.1 million people, California...

・China's oil imports in July fell 12% compared to June and 3% compared to 2023/7, and concerns about the soundness of the country's economy and future oil demand are growing.
・Factors such as the rise of electric vehicles, the conversion of trucks to LNG, and the slowdown in manufacturing and real estate are spurring this trend.
・While there are analysts who say this deceleration is temporary, there are also analysts who argue that there is a possibility that China's oil demand has already reached its peak, and that it will have a significant impact on the global oil market.
Uncertainty over China's oil demand has become the most important bearish factor for oil. Whenever analysts cite price declines, it is due to uncertainty about Chinese demand, or potential confidence that this demand will not increase.
The major Asian countries, which are the world's largest oil importers, are extremely important to the oil market. Players in these markets may need to begin adapting to the idea that China will not continue to consume crude oil for much longer.
The latest imports of crude oil from China have disappointed many people who had made the above speculations. China's crude oil imports in July fell 12% from June...

Crude oil prices have risen drastically in response to US Federal Reserve (Fed) Chairman Jerome Powell recently suggesting the end of aggressive interest rate hikes that dominated 2023. Chairman Powell's speech at the Jackson Hole Economic Symposium today suggested there is a possibility that interest rates will be cut in the near future. This move is likely to reduce borrowing costs and stimulate economic activity. As a result, market optimism increased, and the prices of both WTI crude oil and Brent crude oil rose drastically.
WTI crude oil is currently trading at $74.48 per barrel, up 2.01%. Meanwhile, Brent crude oil rose by 1.74% to $78.56 per barrel. These price fluctuations reflect a wide range of market sentiment that believes that potential monetary easing will trigger an increase in demand, especially since the US economy is showing signs of recovery.
Chairman Powell's remarks were optimistic, pointing out an undesired further cooling in the job market, and added that the inflation rate is within the Fed's 2% target.
“The risk of upward inflation has decreased. Meanwhile, downside employment risks have increased,” Chairman Powell said today. “Harmonize policies...

Image reprinted from Earnings Whispers

A delegation from the Palestinian group Hamas landed in Cairo on Saturday evening to “hear the results of negotiations so far” with intermediaries such as Egypt, Qatar, and the United States.
Observers are reluctant to call this a hopeful sign as views grow that the Gaza cease-fire negotiations between Hamas and Israel are on the verge of breaking down.
Negotiations have continued in effect in one form or another since Israel began its war against Gaza on October 7, causing more than 0.04 million deaths and destroying much of the Gaza Strip.
The United States announced a draft approved by all parties in May and approved by the United Nations Security Council on 6/10, and an agreement seemed close.
last-minute failure
The Hamas side agreed to this proposal and emphasized that it hoped to withdraw Israeli forces from Gaza, return people to their homes in northern Gaza, obtain international involvement to rebuild Gaza, and release Palestinians held in Israeli jails.
Senior Israeli government officials continued to make statements that the war against Gaza must continue, and Israeli forces invaded Rafah.
However, America is a chair...