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Societe Generale: The US dollar is expected to rise to 103.6 by the end of the year, while the euro will fall to 1.11 against the dollar.
According to Mars Finance, citing Jinshi, analysts at Societe Generale stated in a report that the strength of the US dollar is expected to continue into the second half of 2026. The US is the only G10 economy whose average growth forecast this year is higher than initially expected at the beginning of the year. The bank predicts that the dollar index will rise to 103.6 by the end of the year, and the euro will fall to 1.11 against the dollar.
Faraday Future will hold an extraordinary general meeting to seek a name change again.
Mars Finance reports that Faraday Future announced on July 3rd (Beijing time) that it plans to hold an online extraordinary general meeting of shareholders at 0:00 Beijing time on August 13th to seek approval of proposals aimed at supporting the global deployment and long-term growth of its EAI (Electronic AI) robots. Among the proposals, the board of directors is calling on all shareholders to approve the amendment to the company's "Third Amendment and Restation of Incorporation Certificate," changing the company name from Faraday Future Intelligent Electric Inc. to Faraday Future Physical AI Ecosystem Inc. (Cailian Press)
India plans first tokenized bonds using wholesale CBDC: Report
India plans to test tokenized corporate bonds in a September pilot, with state-controlled REC issuing the debt and select investors using wholesale CBDC payments.
AI Model Ox Alpha Is Free, Beats Claude Fable, and Nobody Knows Who Built It
Ox Alpha is topping benchmark scores, reads a million tokens, takes video as input, and has developers guessing who's behind it.
Crypto generated about 1% of Webull’s record $198M Q2 revenue
While Webull reported a record $198 million in second-quarter revenue, cryptocurrency trading only generated about $2.25 million of the quarter’s revenue stream.
Gulf Cooperation Council Secretary-General: Iranian attacks undermine regional peace efforts
Odaily Odaily that the Secretary-General of the Gulf Cooperation Council (GCC) condemned Iran's attacks on Bahrain and Kuwait, stating that these actions blatantly violated the sovereignty of both countries and continued Tehran's efforts to undermine regional peace. According to a statement released by the Riyadh-based GCC, Secretary-General Abdelaziz Boudewi stated that the attacks directly threatened the safety of citizens and residents and constituted a serious violation of international law and the UN Charter. Boudewi said, "These attacks confirm Iran's consistent strategy of undermining international and regional efforts to build security and peace and resolve crises." (Jin Shi)