Today's Important News

2. Ministry of Commerce: Will continue to expedite the review of export license applications related to rare earths in accordance with laws and regulations.

3. The Insurance Department of the Financial Supervision Administration has issued a document to the industry, stating that the dividend levels of participating insurance must not engage in 'involutionary' competition.

4. Informed sources: Photovoltaic production cuts have been upgraded in the third quarter, with a 10% decrease in operating rate, and low-price sales will undergo audit verification.

5. Ministry of Foreign Affairs: Over 1,600 Chinese citizens have been safely evacuated from Iran, and hundreds of Chinese citizens have been evacuated from Israel.

6. Ministry of Commerce responds to China-Europe economic and trade relations: China attaches great importance to China-Europe economic and trade relations and has maintained close communication with Europe at all levels.

7. Three departments held a video conference to strengthen the safety management of new energy vehicles, requiring no 'involutionary' competition and ensuring that quality is not compromised.

International News:

1. Trump: Powell should lower interest rates by 250 basis points.

2. Russian fund official: Russia, the U.S., and Saudi Arabia may act jointly to stabilize the oil market.

3. The International Atomic Energy Agency confirms that Iran's heavy water reactor in Arak has been attacked.

4. Israeli Defense Minister: Eliminating Khamenei is one of the goals of this operation.

5. Russia warns the U.S. again not to militarily intervene in the Israel-Iran situation.

7. Financial Times: Musk's X will be developed into a 'super app', which will include functions such as investment and trading.

8. The Bank of England maintains the policy interest rate at 4.25%, in line with market expectations, with voting results showing increased internal divisions. Traders are raising their bets on a rate cut by the Bank of England in August, while also expecting another 50 basis points cut this year.

9. Financial Times: The EU is pushing for a UK-style trade agreement with the U.S. Additionally, sources indicate that European officials are increasingly willing to accept a 10% benchmark tariff rate.

10. Iranian Ministry of Foreign Affairs confirms that Iran will hold talks in Geneva on Friday with the foreign ministers of France, Britain, Germany, and the European foreign affairs chief.

11. Israel Defense Forces: Discovered that Iran has launched ballistic missiles again. Reports indicate that Iran fired more than 10 missiles in the latest round of attacks.

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