China Industry

  • China-Africa Joint Research Center: The local white corn variety tested using Chinese planting management technology has a yield of 2,700 kilograms per acre, which is about 50% higher than the yield of similar corn in the surrounding area. Maize is an important staple food in Kenya, but its production is not self-sufficient.
  • China Securities Journal: Since October 11, the main contracts of rebar and iron ore futures have fallen by about 8% and 11% respectively.
  • China Iron and Steel Association: Since the second quarter, the operation of the steel industry has shown an obvious downward trend. During the third quarter, the entire industry suffered losses for three consecutive months, and the profit in the first three quarters fell sharply by 71%.

Company

  • Berkshire Hathaway (founded by Warren Buffett in 1956): In the third quarter, revenue was $76.934 billion, compared with $70.583 billion in the same period last year; net loss attributable to shareholders was $2.69 billion, compared with net income of
  • $10.34 billion in the same period last year $1,832 per EPS, compared with $6,882 in profit last year.
  • Musk: In response to Twitter’s layoffs, when the company is losing more than $4 million a day, there is no choice for layoffs.

World

  • Italy: It plans to allocate at least 15 billion euros (about 106.2 billion yuan) in next year’s budget to cushion the impact of soaring energy costs on businesses and households.