what will replace fiat currency, snippets

Russian Presidential Press Secretary: Russia supports the exchange of prisoners of war between Russia and Ukraine proposed by Hungarian Prime Minister. On December 12, local time, Russian Presidential Press Secretary peskov said that Hungarian Prime Minister Orban proposed the exchange of prisoners of war between the two sides and a ceasefire during the New Year holiday on the 11th. The Russian side has submitted the Russian proposal for prisoner exchange to the Hungarian Embassy in Russia. Judging from Zelensky's reaction, the Ukrainian side rejected all Orban's proposals. Peskov emphasized that Russia supports Orban's proposal and the settlement of humanitarian issues related to the exchange of prisoners of war. (CCTV News)Foreign investment increased by 9.7% in the first 10 months. China enterprises need multiple supporting escorts to "go global". At present, it has become the general trend for China enterprises to "go global". The data from January to October 2024 recently released by the Ministry of Commerce shows that the amount of foreign direct investment in China's whole industry has increased steadily. Statistics from the Ministry of Commerce and the foreign exchange bureau show that from January to October 2024, China's foreign direct investment in the whole industry was 135.87 billion US dollars, up 9.7% year-on-year. From large-scale infrastructure enterprises to build traffic arteries overseas, to technology companies to set up R&D centers in foreign countries, and then to manufacturers to lay out overseas factories, China enterprises have a wide and in-depth overseas footprint. However, it is worth noting that in the increasingly complex international environment, the support of professional supporting services is very important for China enterprises in the process of "going global". (SSE)Hengdian Dongci: It is planned to transfer 100% equity of its wholly-owned subsidiary Dongshang New Energy for 500 million yuan. Hengdian Dongci announced that according to the company's strategic development plan, it is planned to sell 100% equity of its wholly-owned subsidiary Lianyungang Ganyu Dongshang New Energy Co., Ltd. (referred to as "Dongshang New Energy") to Zhejiang New Energy Investment Group Co., Ltd. (referred to as "Zhejiang Xinneng"), and the equity transfer price is about 500 million yuan (finally, the power generation income during the net assets deduction period on the delivery date is calculated as) After the completion of this transaction, Dongshang New Energy will no longer be included in the scope of the company's consolidated statements, which is expected to increase the company's total profit and cash flow in 2024.

US stocks "Seven Sisters" | Tesla and Google A closed up more than 5%, both hitting record highs. On Wednesday (December 11), in "Magnificent 7", Tesla closed up 5.93%, refreshing the record high of closing to 424.77 US dollars; Google's parent company, Alphabet(GOOGL), closed up 5.52%, the best performance for two consecutive days since 2015-accumulated up by about 11%, refreshing the historical high of closing to 195.40 US dollars; NVIDIA rose 3.14%, Amazon rose 2.32%, Meta Platforms rose 2.16%, Microsoft rose 1.28%, and Apple closed down 0.52% from its all-time high. In addition, AMD closed up 1.89%, TSMC ADR rose 1.39%, Berkshire Hathaway B shares closed down 0.24%, and Lilly fell 0.44%.Erdogan, Turkey: Thanks to the leaders of Somalia and Ethiopia for achieving historical reconciliation.Ferrous lithium phosphate has strong demand, so it is hard to hide the embarrassment of "meager profit" because the orders of enterprises are full. In December, the Ferrous lithium phosphate market continued to heat up, and most enterprises had full orders. However, contrary to the fiery market, it is still difficult for most enterprises to reverse the "meager profit" situation. "From the market situation, the growth in demand for new energy vehicles and energy storage markets has promoted the warming of the Ferrous lithium phosphate market. Most Ferrous lithium phosphate enterprises are affected by factors such as rising raw material prices, weak bargaining power of products and fierce competition in the industry, resulting in pressure on profits. " Researchers said that in the long run, with the technological progress and market expansion, the profitability of Ferrous lithium phosphate enterprises is expected to improve. (Securities Daily)

The US dollar index rose on the 11th. The US dollar index, which measures the US dollar against six major currencies, rose by 0.29% that day and closed at 106.710 in the foreign exchange market. As of the end of the new york foreign exchange market, 1 euro was exchanged for 1.0492 US dollars, lower than 1.0527 US dollars in the previous trading day; One pound was exchanged for $1.2745, down from $1.2774 in the previous trading day. One dollar was exchanged for 152.65 yen, higher than 151.93 yen in the previous trading day; One dollar was exchanged for 0.8848 Swiss francs, higher than 0.8829 Swiss francs in the previous trading day; 1 dollar to 1.4162 Canadian dollars, down from 1.4165 Canadian dollars in the previous trading day; One dollar was exchanged for SEK 10.9791, higher than SEK 10.9750 in the previous trading day.Trump's NASA candidate called his future SpaceX mission a "question mark". On Wednesday, Jared Isaacman, a billionaire in science and technology, who was selected by President-elect Trump, said that his planned private astronaut mission with Musk's SpaceX company "may be put on hold" because he was ready to enter the government to lead NASA.The Palestinian Islamic Jihad (Jehad) said that a delegation, including its leaders, arrived in Cairo on Wednesday to discuss the negotiation of the hostage-for-prisoner agreement.