•BNY strategist Geoff Yu argues that the sharp repricing of European natural gas futures has significantly overshot assumptions embedded in recent ECB staff projections.
•A Rhodium Group report indicates that structural advantages and in-house production are the primary drivers of BYD's margins, rather than just subsidies.
•Western automakers' reliance on outsourcing supply chains for decades has led to a loss of cost competitiveness.
•BYD achieves higher margins despite lower prices due to vertical integration.
•Visa, ANZ, ChinaAMC, and Fidelity International participated in a pilot for cross-border settlement of tokenized assets.
•The pilot used Chainlink technology for cross-chain messaging and atomic settlement to ensure payment, compliance, and asset transfer complete simultaneously.
•The initiative is part of the Hong Kong Monetary Authority's (HKMA) e-HKD program.
