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Iran's president-elect reaffirms policy toward Israel

Iran's President-elect Masoud Pezeshkian reiterated Iran's anti-Israel stance on Monday, saying resistance movements across the region will not allow Israel's "criminal policies" against Palestinians to continue.

Pezeshkian told Hassan Nasrallah, the leader of Iran-backed Lebanese Hezbollah, that "the Islamic Republic will always support the people of the region in their resistance against the illegal Zionist regime."

This suggests that the incoming government will not change its regional policy under the relatively moderate Pezeshkian, who defeated his hard-line opponent in a runoff election last week.

Pezeshkian was quoted as saying by Iranian media, "I am sure that the regional resistance movement will not allow this regime to continue its militant and criminal policies against the oppressed people of Palestine and other countries in the region."

The Shiite Muslim Hezbollah and the Palestinian Sunni Muslim Hamas are both part of the local "resistance axis" faction organization supported by Iran.

Israel did not immediately comment on Pezeshkian's speech.

Hamas led an attack on southern Israel on October 7. According to Israeli statistics, Hamas killed 1,200 people and kidnapped about 250 hostages, triggering the Israeli-Palestinian war.

The Gaza Health Ministry said that the Israeli military attack killed more than 38,000 Palestinians and injured nearly 88,000 people.

Xinjiang scientists discover plant with potential to survive on Mars
In a groundbreaking discovery, researchers from the Xinjiang Institute of Ecology and Geography of the Chinese Academy of Sciences have found a desert moss species, known as Syntrichia caninervis, that has the potential to survive in the extreme conditions on Mars. The Global Times learned from the institute that during the third Xinjiang scientific expedition, the research team focused on studying the desert moss and found that it not only challenges people's understanding of the tolerance of organisms in extreme environments, but also demonstrates the ability to survive and regenerate under simulated Martian conditions. Supported by the Xinjiang scientific expedition project, researchers Li Xiaoshuang, Zhang Daoyuan and Zhang Yuanming from the Xinjiang Institute of Ecology and Geography and Kuang Tingyun, an academician from the Chinese Academy of Sciences, concentrated on studying the "pioneer species" Syntrichia caninervis in an extreme desert environment, according to the institute in an article it sent to the Global Times on Sunday. Through scientific experiments, the researchers systematically proved that the moss can tolerate over 98 percent cell dehydration, survive at temperatures as low as -196 C without dying, withstand over 5000Gy of gamma radiation without perishing, and quickly recover, turn green, and resume growth, showcasing extraordinary resilience. These findings push the boundaries of human knowledge on the tolerance of organisms in extreme environments. Furthermore, the research revealed that under simulated Martian conditions with multiple adversities, Syntrichia caninervis can still survive and regenerate when returned to suitable conditions. This marks the first report of higher plants surviving under simulated Martian conditions. The research team also identified unique characteristics of Syntrichia caninervis. Its overlapping leaves reduce water evaporation, while the white tips of the leaves reflect intense sunlight. Additionally, the innovative "top-down" water absorption mode of the white tips efficiently collects and transports water from the atmosphere. Moreover, the moss can enter a selective metabolic dormancy state in adverse environments and rapidly provide the energy needed for recovery when its surrounding environment improves. Based on the extreme environmental tolerance of Syntrichia caninervis, the research team plans to conduct experiments on spacecraft to monitor the survival response and adaptation capabilities of the species under microgravity and various ionizing radiation adversities. They aim to unravel the physiological and molecular basis of the moss and explore the key life tolerance regulatory mechanisms, laying the foundation for future applications of Syntrichia caninervis in outer space colonization.
Gold reaction to employment data and geopolitical events
The June US Nonfarm Payrolls (NFP) data showed an increase of 206,000 jobs, exceeding expectations. Political uncertainty and the People's Bank of China's pause in gold purchases influence gold market dynamics. Recent technical developments in the gold market, including breaking the triangle formation and subsequent rally, indicate the potential for higher prices. Despite a bullish outlook, further consolidation is possible before a significant surge. The recent US Nonfarm Payrolls (NFP) data revealed a rise of 206,000 jobs in June, surpassing the market expectation of 190,000, despite a downward revision from 272,000 to 218,000 for May. The unemployment rate increased to 4.1% and the wage inflation declined to 3.9% year-over-year. These mixed employment signals have increased the likelihood of a rate cut by the Federal Reserve in September. Additionally, political developments in France, where the left-wing New Popular Front led by Jean-Luc Mélenchon is poised to win a significant number of seats, add to the global economic uncertainty. Meanwhile, the People's Bank of China (PBoC) has paused its gold purchasing program, potentially waiting for a further price pullback. These factors collectively influence gold prices, providing a complex backdrop where the prospect of lower interest rates, political uncertainty, and central bank purchasing strategies are likely to drive market dynamics and investor behaviour in the coming months. Bullish Trends in Gold Prices The announcement of the NFP data has dropped the US Dollar Index and boosted gold prices. Since the gold market broke the triangle formation on Wednesday and formed an inside candle on Thursday, the break above Thursday's high on Friday initiated a strong rally, closing the price at higher levels. The red line was the first resistance of this breakout where the gold closed the last week. A clear break above this level may initiate another surge higher. The breakout of the triangle suggests higher prices, but the risk environment remains, as June was a correction month. It looks like the price is preparing for higher levels, but the possibility of consolidation before the surge cannot be ignored. Bottom line In conclusion, the increase in US employment, despite mixed signals in wage inflation and unemployment, has increased the likelihood of a Federal Reserve rate cut, boosting gold prices while weakening the US Dollar Index. Political uncertainties in France and the pause in gold purchases by the People's Bank of China further contribute to the complex economic landscape, indicating potential volatility ahead. The gold market's recent technical developments, including breaking the triangle formation and the subsequent rally, suggest readiness for higher prices. However, the possibility of consolidation before another significant surge remains, necessitating careful observation by investors as the market navigates these multifaceted influences.
Microsoft to offer Apple devices to employees in China, cites absence of Android services
July 8 (Reuters) - Microsoft (MSFT.O), opens new tab intends to offer Apple's (AAPL.O), opens new tab iOS-based devices to its employees in China to access authentication apps, a company spokesperson said on Monday, citing absence of Google's (GOOGL.O), opens new tab Android services in the country. Microsoft has been under increased scrutiny after a series of security breaches, the latest being that of Russian hackers who spied and accessed emails of the company's employees and customers earlier this year. The development was first reported by Bloomberg News, which, citing an internal memo, said the Windows OS-maker instructed its employees in China to use Apple devices at workplace from September. As a part of Microsoft's global Secure Future Initiative, the move to switch to iOS-devices stems from the lack of availability of Google Play Store in China that limits its employees' access to security apps such as Microsoft Authenticator and Identity Pass, the report added. "Due to the lack of availability of Google Mobile Services in this region, we look to offer employees a means of accessing these required apps, such as an iOS device," a company spokesperson told Reuters in an email. Microsoft is among those U.S. companies that have a strong presence in China. It entered the Chinese market in 1992 and also operates a large research and development center in the country. The company will provide iPhone 15 models to employees, currently using Android handsets across China, including Hong Kong, the Bloomberg report said.
Google may bring Google Wallet for Indian users
Google Wallet can help you store your IDs, driving license, loyalty cards, concert tickets and more. You can also store your payment cards and use tap to pay to pay anywhere Google Pay is accepted. Google wallet is available in various countries but Google never launched it in India. Google let indian users stick with the Gpay which facilitates UPI payments. Tap to pay is not part of it. Also we can not store things such as IDs and Passes in indian version of Gpay. This might change and Google may launch Google Wallet in India. With the recent version of Google Wallet and Google Play Services, Google has added some flags and code which indicate that Google is working on something for Indian users regarding wallet. The first change I noticed recently when going through the Google Play Services apk was addition of two new flags Both flags are part of com.google.android.gms.pay package in the Google Play Services. This package contains all the flags for features of Gpay/Wallet. Google does server side flipping of flags to enable/disable features for users. So both these flags doesn't really provide any info about what features enabling these flags is going to bring. But the point here is that Google Wallet is not launched in India so why Google added these flags inside Play Services ? The answer could be that Google may be working on bringing Google Wallet to India. It can enable tap to pay, store payments and various other features for Indian users which we don't have in the current Gpay for India. I found similar flags in the analysis Google Wallet APK - These flags are also disabled by default. But this is again a clear indication of Google working towards something for Indian users. In both cases, enabling the flags doesn't bring anything noticeable UI or feature because there is nothing much added besides flags. Google has dogfood/testing versions internally, so the code will show up slowly in upcoming versions. The last piece of code I found is also from Google Play Services. In case you don't know, Google was working on Digilocker integration in the Google Files app which was supposed to bring your digital document inside the app such as driving license, COVID certificates, aadhar card. But Google has ditched the effort of bringing these features and they removed the "Important" tab (where digilocker was supposed to be integrated) from the Google Files app completely. So things are going to change and here is how. This is the code which I found in the Google Play Services - So the word "PASS" along with PAN, DRIVERS LICENCE, VACC CERTIFICATE & AADHAR CARD, is clear indication of the possibility of Google adding support for these directly through Google Wallet using Digilocker, just like Samsung Pass does it. This code is not old as I have checked older beta versions of Play Services where this code is not present. Here is a string which was added in a previous beta version a few weeks ago but I completely ignored it because it didn't make any sense without flags and the other code - This addition was surprising because there was nothing regarding digilocker before in the Play Services. In the words "pay_valuable", the "pay" to Wallet/Gpay and "valuable" refers to the things like Passes, loyalty cards and transit cards. Since we are talking about digilocker, these "valuable" are driving license, vaccination certificate, PAN card and Aadhar card which can be store in Google Wallet after digilocker integration. That's all about it. We will know more about it in upcoming app updates or maybe Google can itself annouce something about this.
Porsche AG reports sharp fall in China deliveries
July 9 (Reuters) - German sportscar maker Porsche (P911_p.DE), opens new tab said on Tuesday that global vehicle deliveries were down 7% in the first half of the year compared to the same period in 2023, primarily driven by a 33% year-on-year drop in China. Porsche, majority-owned by Volkswagen (VOWG_p.DE), opens new tab, is highly exposed to the EU-China tariff tensions, with deliveries to China accounting for nearly 20% of global deliveries. An HSBC analyst pointed to weakness in the European car market, saying that "the market is, understandably, worried about China pricing weakness and the prospect of needing to pay dealer compensation." Overall, Porsche delivered 155,945 cars worldwide during the first six months of the year. In North America, deliveries were down 6% year-on-year. Meanwhile, in Porsche’s home market of Germany, deliveries increased by 22% to 20,811 vehicles.