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Employees hide $154 million in accounts. Macy's said that internal control was ineffective. On Thursday, Macy's said that a reassessment of its financial situation showed that as of February this year, the internal control (including proper record maintenance) of the chain department store was not effective. The retailer launched an evaluation at the end of November after discovering that an employee had concealed as much as $154 million in expenses for many years. Therefore, the company postponed the release of the third quarter earnings report until December 11th. Macy's said that under the supervision of the board of directors, Tony Spring, its CEO, and Adrian Mitchell, its chief financial officer, re-evaluated the effectiveness of internal control, and pointed out that its financial report was not effective as of February 3 due to major defects. The department store chain said that it is implementing changes to improve internal control and make up for major defects.Trump: I met Harold Daggett, president of Ila.Turkish President meets US Secretary of State, focusing on the situation between Syria and Palestine and Israel. Turkish President Erdogan meets visiting US Secretary of State Blinken at Essenboa International Airport in Ankara, the capital, and the two sides hold closed-door talks. It is reported that the talks focused on bilateral relations, regional and international hot issues, especially the latest development of the situation in Syria. The two sides discussed how to strengthen regional cooperation, jointly support the political transition led by Syria and promote the establishment of a "responsible" and "inclusive" government. Erdogan emphasized that Turkey has always insisted on safeguarding Syria's territorial integrity and sovereign unity. Erdogan pointed out that Turkey will never compromise in the struggle against the extremist organization "Islamic State". As the only NATO country directly at war with the Islamic State, Turkey will continue to take measures to combat threats, including the PKK and its affiliated organizations, ensure national security and prevent any forces from taking advantage of the current situation in Syria. In addition, the two sides also exchanged views on the current Palestinian-Israeli situation. Erdoğ an and Blinken agreed that it is urgent to achieve a ceasefire in Gaza as soon as possible and reach an agreement on the exchange of detainees, and stressed that humanitarian assistance to Palestinians should be strengthened.

Biden will attend the virtual meeting of the Group of Seven scheduled for 9: 30am EST (9: 30pm Beijing time).Hong Kong Monetary Authority: In November, the foreign assets of the Exchange Fund increased by HK$ 30.8 billion to HK$ 3,506.4 billion. On December 13, the Hong Kong Monetary Authority announced the main analytical accounts of the Exchange Fund at the end of November 2024. In November, the foreign assets of the Exchange Fund increased by HK$ 30.8 billion to HK$ 3,506.4 billion. The monetary base is HK$ 1,950.1 billion, including certificates of indebtedness, notes and coins in circulation issued by the government, balances in the banking system and issued Exchange Fund bills and bonds. Claims on the private sector in Hong Kong amounted to HK$ 287.8 billion. Total external liabilities amounted to HK$ 28 billion.China calls for supporting Afghanistan to rebuild its financial system and eradicate the breeding ground for terrorism. On December 12, local time, the UN Security Council reviewed the situation in Afghanistan, paying attention to the serious restrictions on women's rights and interests in the country and the still insufficient humanitarian funds. The Chinese representative pointed out that Afghanistan is currently at a critical stage of peaceful reconstruction, and the international community should play a better role in solving the outstanding problems facing Afghanistan. Fu Cong, Permanent Representative of China to the United Nations, pointed out that humanitarian relief concerns the vital interests of all Afghan people and must not be used as a bargaining chip for political pressure. China calls on traditional donors to increase capital investment, especially on the United States to unconditionally unfreeze and fully return overseas assets belonging to the Afghan people. Affected by unilateral sanctions, Afghanistan's banking system has been isolated from the international financial system for a long time. Relevant countries should immediately and unconditionally lift illegal unilateral sanctions and support Afghanistan in rebuilding its financial system.

Market information: FTSE Film will increase the output of CMP slurry in Korea by 30%.Soochow securities Lu Zhe: The Central Economic Work Conference further boosted confidence in the capital market. The Central Economic Work Conference was held in Beijing on December 11th and 12th. The meeting analyzed the current economic situation and deployed economic work in 2025. Lu Zhe, chief economist of soochow securities, believes that the contents of the meeting will face the adverse changes and influences of the internal and external economic environment directly, with more emphasis on the orientation of policy consistency, and policy coordination will be more important next year. Next year, the strength of macro-policies will be significantly increased, and more concrete and operable policy measures will be introduced, which will provide a strong guarantee for the economy to tide over difficulties in the short term and deepen long-term reforms. Lu Zhe said that the Central Economic Work Conference regards "stabilizing the stock market and the property market" as the basic premise of steady growth, which on the one hand shows that the policy pays more attention to the capital market, and on the other hand shows that stabilizing the capital market and the real estate market is an important working means to boost confidence and enhance expectations. Judging from the key work arrangement of the meeting, the combination of "moderately loose monetary policy" and "more active fiscal policy" and the extraordinary countercyclical adjustment are expected to stabilize the economic fundamentals, provide more macro liquidity for the market, and guide the confidence stability and profit recovery of the capital market. (SSE)Ukrainian President Zelensky: Russia launched 93 missiles and 200 drones into Ukraine's energy system, which is one of the biggest attacks on Ukraine's energy system. Ukraine shot down 81 missiles, 11 of which were shot down by F-16 fighters.