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Without the government's approval, the South Korean National Assembly passed the budget reduction bill for next year. On the 10th, the South Korean National Assembly held a plenary meeting and adopted a cut version of the 2025 budget with a total amount of 673.3 trillion won (about 3.41 trillion yuan). According to Yonhap News Agency, this is the first time that the South Korean National Assembly passed the budget without agreement between the ruling party and the opposition party. In the 300-seat parliament, 278 members voted on the budget, 183 were in favor, 94 were against and 1 abstained. The ruling National Power Party and some opposition party members voted against it. This budget is one of the focal points of the recent struggle between the ruling and opposition parties in South Korea and one of the factors inducing the current political chaos. The original budget proposed by the government was 677.4 trillion won, but the largest opposition party, the Common Democratic Party, demanded a reduction of 4.1 trillion won, mainly involving the government reserve fund, the special activity expenses of the presidential secretary's office and the national security office, the special work expenses and special activity expenses of the procuratorate and the supervision institute. (Xinhua News Agency)Chief Financial Officer of Citigroup: Holiday spending on branded credit cards increased year-on-year, and consumers performed well.Zhongke Wenge completed a new round of strategic financing. On December 10th, Zhongke Wenge completed a new round of strategic financing, which was invested by Beijing Artificial Intelligence Industry Investment Fund. This round of funds will be mainly used for R&D investment in the field of large model and decision intelligence, and promote the commercial application of general artificial intelligence technology.

KPMG: Artificial intelligence has produced a convincing level of return on investment, and the return on investment value of generative AI is higher. On December 10th, KPMG, one of the top four international accounting firms, said that artificial intelligence (AI) has produced a convincing level of return on investment, and the return on investment of machine learning, deep learning and generative AI all met or exceeded expectations. "Among them, the return on investment value of generative AI is relatively higher." KPMG pointed out that at present, the application of generative artificial intelligence is growing, and generative artificial intelligence has become the top priority of the future layout of enterprises. KPMG stressed that with the accelerated growth of AI applications, the technology dividend will increase exponentially, and the return on investment of AI is very significant. At present, the industry changes brought by artificial intelligence are taking place, and it is very important to change from passive thinking to active thinking.Fitch: It is expected that the financial situation of the United States will improve moderately in 2025, due to the cyclical rebound of personal and corporate taxes, higher capital gains and tariffs. In view of the spread, the Canadian dollar will continue to weaken, which may offset some of the impact of the US tariff increase.The Chadian military said that France began to withdraw its troops from Chad. According to the announcement issued by the Chadian military on the 10th, France began to withdraw its troops from Chad on the same day. The General Staff of the Chadian Armed Forces announced that after the decision to terminate the cooperation agreement with France, France began to withdraw its troops in Chad on the 10th with the take-off of some fighter planes. The announcement said that the public will be informed of the progress of withdrawal at any time. According to the news obtained by the French media from military insiders, the French army began to evacuate from N 'Djamena, the capital of Chad, on the 10th, and several French fighter planes have taken off. The person familiar with the matter said that France has decided to close an air base in N 'Djamena, and the French army is returning its plane. (Xinhua News Agency)

China Mobile cooperated with Huawei to complete the first commercial deployment of 5G EasyMacro high-precision positioning for subway tunnels in China. On December 10th, according to Huawei's official news in China, in response to the requirements for positioning capability of communication industry in China's 14th Five-Year Plan, China Mobile Design Institute and Shanghai Mobile Company cooperated with Huawei to successfully realize the first commercial deployment of 5G EasyMacro (EM) high-precision positioning solution in Shanghai subway tunnel. As an important network capability in vertical industry, the successful deployment of 5G high-precision positioning in subway tunnel scene marks a major breakthrough in 5G private network positioning technology.Chief Financial Officer of Citigroup: The company's net interest income (excluding the market) will benefit from the increase in trading volume.Bitcoin hit $98,000, regaining all the decline in the day, and once fell 4.5% this morning.