News

The Iranian gold market in Tehran set new price records on the first day of the Iranian Lunar New Year (August 23). New full-size gold coins sold for 217.5 million rials, while older full-size gold coins rose by 11.2 million rials to 216.5 million rials. Half-size gold coins jumped by 6.2 million rials to 112 million rials, and quarter-size gold coins rose by 4.1 million rials to 60.5 million rials. Smaller denomination gold coins increased by 1 million rials to 31 million rials.

The Iranian rial hit a record high against the US dollar today, reaching 200,000 tomans (equivalent to 2 million rials); the British pound and the euro also broke through the 272,000 toman and 234,000 toman marks respectively.

According to the Financial Times, Italian oil company Eni is betting that nuclear fusion will become its "next refinery".

According to Japan's Kyodo News, a poll shows that the approval rating for the Sanae Takaichi cabinet has dropped to 50.2%, the lowest since she took office.

The Norwegian government plans to provide 85 billion Norwegian kroner in support to Ukraine in fiscal year 2027.

The Russian Ministry of Defense stated that Russian troops fired FAB-500 and FAB-1500 bombs at temporary deployment points of Ukrainian troops in the Donetsk and Kharkiv regions.

Ukrainian President Zelensky: Russia may have the capacity to produce up to 1,300 ballistic missiles per year.

Ukrainian President Zelensky: An agreement has been reached with Germany to supply 600 PAC-2 missile interceptors in 2027-2028.

Ukrainian President Zelensky: France will provide Ukraine with at least one SAMP/T air defense system this year.

Ukrainian President Zelensky: Russia hopes to mobilize another 300,000 soldiers this year after the September elections.

Ukrainian President Zelensky: It is expected that by 2026, the territory occupied by Russia will be equal to the territory liberated by Ukraine.

According to the Financial Times, Ireland is considering nuclear power to meet the growing electricity demand from data centers.

Iranian President Pesshizian: Washington made the mistake of predicting before the war that Iran would fall under American aggression and become like Venezuela.

Canadian Prime Minister Carney: Trump “misjudged the situation” and escalated the tariff offensive, putting Canada and the United States “at war” on trade issues.

US President Trump: Canada has also imposed heavy tariffs on our farmers for many years.

Alibaba (09988.HK) announced its plan to place new shares in Hong Kong, with a total placement amount of HK$80 billion.

Market news: Canadian Prime Minister Carney held an online meeting with provincial and territorial chiefs to discuss countermeasures against tariffs.

Market news: Germany, Italy, Austria, Poland, Portugal and Spain are stepping up their efforts to impose a windfall profits tax on oil companies across the European Union.

Former U.S. diplomat Joey Hood: I don't believe Trump's claims about U.S. control of the Strait of Hormuz. Currently, countries are taking "different measures" to deal with the chaotic situation there.

According to the Washington Post, the number of U.S. soldiers wounded or killed in the war with Iran has risen to 774.