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European members of NATO are considering increasing the proportion of military expenditure. On December 12th, the Financial Times reported that some European members of NATO are considering increasing the proportion of national defense expenditure in their gross domestic product (GDP) from the current 2% to 3%, which will bring budgetary pressure to many European countries.London cocoa futures rose more than 4% to 8516 pounds a ton. New york cocoa futures rose more than 4% to $11,296 a ton.Judiciary Committee of the U.S. House of Representatives: A great deal of evidence has been found that "the financial industry implements conspiracy and antitrust behavior in order to impose extreme ESG targets on American companies".

Brazilian President Lula: He will return to work soon after a good recovery from surgery. Brazilian President Lula posted a video on social media for the first time after undergoing head surgery. Lula said that he has been able to walk around the hospital, and this week's surgery has recovered very well. Lula said that he would be "ready to go home soon and continue to work".Germany, France, Britain and other foreign ministers issued statements in support of Ukraine's accession to NATO, and European foreign ministers and European Union High Representative for Foreign Affairs and Security Policy Karl á s issued a joint statement in Berlin, Germany on the 12th, expressing support for increasing military, economic and financial assistance to Ukraine and continuing to support Ukraine's accession to NATO and the European Union. According to German media reports, the meeting was convened by German Foreign Minister Berber and attended by foreign ministers from France, Britain, Italy, Spain and Poland. The purpose of the meeting is to discuss how the United States should respond if it reduces its aid to Ukraine. The German Foreign Ministry said on its official website that many foreign ministers said at the meeting that Europe would mobilize more resources to help Ukraine and commit itself to providing unbreakable security guarantees to Ukraine, including providing reliable and long-term military and financial support.The wind farm with the highest altitude in northwest China is connected to the grid at full capacity. The reporter learned from the National Energy Group today that Wuqia Wind Farm, the highest altitude wind farm in northwest China, is connected to the grid at full capacity in Kizilsu Kirgiz Autonomous Prefecture, Xinjiang, marking a new breakthrough in the development of high-altitude mountain wind energy in China. Wuqia wind farm, located in Pamirs, is the westernmost wind farm in China. The installation height of wind turbines is between 2,800 meters and 3,300 meters above sea level. A total of 38 wind turbines have been built, with a total installed capacity of 200,000 kilowatts. (CCTV News)

Economists predict that the Fed will only cut interest rates three times next year. Economists surveyed by Bloomberg expect that the Fed will cut interest rates for the third time in a row this month, and lower the expected number of interest rate cuts next year. The market expects Federal Reserve Chairman Powell and his colleagues to cut interest rates by 25 basis points next week. If the expectation is true, it means that interest rates have been lowered by 1 percentage point since September. Next year's interest rate cut will slow down faster than officials expected three months ago. Most economists predict that interest rates will be cut only three times in 2025 because of the small progress in fighting inflation.European members of NATO are considering increasing the proportion of military expenditure. On December 12th, the Financial Times reported that some European members of NATO are considering increasing the proportion of national defense expenditure in their gross domestic product (GDP) from the current 2% to 3%, which will bring budgetary pressure to many European countries.Dennis Shen, an economist at Scope Ratings: The reasons for the Fed to cut interest rates further after December are obviously reduced. Inflation is still sticky, the economic and financial markets are overheated, and the slight increase in unemployment rate earlier this year has been reversed. The Trump administration may bring more inflation risks in the short term.