Category: Flash News

On February 28th, Canadian Prime Minister Trudeau stated that if the Trump administration continues to implement “unreasonable tariff policies,” Canada is prepared to retaliate. Trudeau stated that Canada is working hard to avoid large-scale tariffs imposed by the United States, but if its tariff measures are implemented as scheduled, Canada will immediately respond strongly. Trudeau said that if tariffs were imposed, it would be difficult for Canadians and Canadian enterprises, but it would also be difficult for Americans and American enterprises. Canadian media expects that once the tariff measures threatened by Trump take effect, Canada will restart its retaliatory plan to impose tariffs on US goods. Previously, Canadian Prime Minister Trudeau announced a 25% tariff on $155 billion worth of US imported Canadian products in response to the US tariffs on Canadian products.

As of February 26th, 3139 A-share companies have “disclosed” their performance related information for 2024. Among them, 2817 companies disclosed performance forecasts, 480 companies disclosed performance reports, and 12 companies disclosed annual reports (including overlaps). A stable growth, optimized structure, and high return development plan for a listed company is slowly unfolding throughout the year. According to disclosed data, about 60% of A-share companies are expected to achieve profitability. From the perspective of segmented industries and attributes, emerging industries such as semiconductors, new energy vehicles, and artificial intelligence have shown impressive performance, accelerating the pace of industrial transformation and upgrading through technological innovation, and promoting the accelerated transformation of old and new economic drivers. The improved performance has solidified the foundation of returns, including a group of A-share companies such as Tonghuashun and Jucan Optoelectronics launching their 2024 annual report dividend plan (including shareholder proposals), giving back to investors with real money and conveying development confidence. (Shanghai Stock News)

On February 28th, the Egyptian Ministry of Foreign Affairs announced on the 27th that Egyptian Foreign Minister Abdullati had a phone call with Russian Foreign Minister Lavrov on the same day, and the two sides exchanged views on the situation in the Gaza Strip and Syria. According to reports, Abdulhati reiterated Egypt’s opposition to the expulsion of Palestinians from the Gaza Strip and emphasized the need for a permanent and just political solution to the Palestinian issue. Egypt is formulating a plan to rebuild the Gaza Strip by allowing Palestinians to stay on their own land. Egypt is working hard to ensure the sustainability of the ceasefire agreement in the Gaza Strip. The two foreign ministers also discussed the latest developments in Syria. Abdulhati reiterated that Egypt supports Syria and respects its sovereignty, unity, and territorial integrity. The two foreign ministers also discussed the bilateral relations between Egypt and Russia. Abdulhati highly praised the cooperation between the two countries in various fields such as oil, natural gas, tourism, and aviation, especially mentioning the Daba nuclear power plant project in Egypt and the Russian industrial park project in the Suez Canal Economic Zone in Egypt.

On February 28th, the Egyptian News Agency announced that delegations from Israel and Qatar have arrived in Cairo to continue the next phase of ceasefire negotiations in Gaza. The news also mentioned that “representatives from the United States will also participate in the negotiations.” Currently, relevant parties are actively negotiating and striving to push for the implementation of the previously reached consensus between Palestine and Israel. In addition, how to further increase the delivery of humanitarian supplies to Gaza is also one of the topics of discussion, and all efforts aim to alleviate the suffering of the Gaza people and strengthen regional stability. The Palestinian Islamic Resistance Movement (Hamas) issued a statement in the early morning of the same day, stating that it is ready to negotiate the second phase of the ceasefire agreement in the Gaza Strip.

On February 28th, according to the statement of the Chairman’s Office of the Kurdistan Autonomous Region (Kurdistan Region) in Iraq on the 27th, the Chairman of the Region, Nechirwan Barzani, welcomed the statement made by the leader of the Kurdistan Workers’ Party, Abdullah Ö jaran. In his statement, Ö jaran explicitly stated that the Kurdistan Workers’ Party should convene a congress and declare its own dissolution. Barzani stated in the statement that this measure is an important step towards achieving peace in the region. He emphasized the need for “peaceful, civilized, and democratic struggle” at this stage, and pointed out that “stability in the region should be achieved through dialogue and political action rather than weapons and violence”.

On February 28th, US President Trump met with visiting British Prime Minister Stamer on the 27th. During the meeting, Trump stated that Ukrainian President Zelensky will arrive on the morning of the 28th. Trump said that the mineral agreement will become a “backing” for Ukraine, and the United States and Ukraine need to reach an agreement first before forming a peacekeeping force.

On February 27th, according to the Yunnan Provincial Data Bureau, the Yunnan Provincial Financing Credit Service Platform recently completed the integration and testing of the DeepSeek artificial intelligence model, officially opening up its services, marking an important step for the platform to use AI technology to provide intelligent financial services.

On February 27th, the Trump administration announced on the 26th local time that it will cancel over 90% of the foreign aid contracts of the United States Agency for International Development. On February 23rd local time, the United States Agency for International Development issued a statement announcing that starting from 23:59 Eastern Time on the 23rd, all direct employees of the Agency, except for the person in charge and designated personnel responsible for critical tasks, will take administrative leave worldwide. At the same time, the United States Agency for International Development has begun implementing a layoff plan, which will affect approximately 1600 local employees of the agency.

On February 27th, an analysis found that Musk and his company have received at least $38 billion in government contracts, loans, subsidies, and tax breaks over the years. These payments can be traced back over 20 years. In 2008, shortly after becoming the CEO of Tesla, Musk sought low interest loans from the US Department of Energy. (Washington Post)

On February 27th, it was learned from Southern Power Grid that the China Laos 500 kV interconnection project officially started construction on February 26th. After the project is completed, it can deliver 3 billion kilowatt hours of clean electricity annually. It is reported that the China Laos 500 kV interconnection project, which started construction this time, has a total transmission line length of 183.5 kilometers, starting from Oudomxay Province in Laos and ending in Yunnan Province, China. The engineering construction is divided into the Laos section and the China section. The Laos section is about 35.5 kilometers long, while the China section is about 148 kilometers long. The project will build a new 500 kV substation.