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Former US Treasury Secretary Janet Yellen: A War With Iran Would Trigger A Supply Shock, Which Would Exacerbate Inflationary Pressures
The Storage Concept In Hong Kong Stocks Continued Its Upward Trend, With The Southern Twice Long Hynix Opening More Than 11% Higher. The Southern Twice Long Samsung Electronics Rose Over 7%, Montage Technology Increased By Over 3%, And Gigadevice Semiconductor Climbed More Than 1.5%
The Main Polysilicon Futures Contract Rose More Than 2.00% Intraday, Currently Trading At 35,370 Yuan/ton
At The Open, The Shanghai Composite Index Rose 0.32%, The Shenzhen Component Index Gained 0.66%, And The ChiNext Index Advanced 1.06%, With The Cultivated Diamond And Nonferrous Metals Sectors Leading The Gains
The Main Contract For Low-sulfur Fuel Oil (LU) Fell 4.00% Intraday, Currently Trading At 4357.00 Yuan/ton
On Its Interactive Platform, Qilun Technology Stated That The Company Has Received Orders From Middle Eastern Countries, Which Currently Do Not Have A Significant Impact On The Company's Performance
China's Central Bank: Conducted A 7-day Reverse Repo Operation Worth 5 Billion Yuan Today, With A Bid Volume Of 5 Billion Yuan And An Awarded Volume Of 5 Billion Yuan. The Operation Interest Rate Was 1.40%, Unchanged From The Previous Level
Hong Kong Stocks Opened Higher, With The Hang Seng Index Up 1.14% And The Tech Index Up 2.26%. Baidu Rose Nearly 5% And Alibaba Rose 4%. Technology Stocks Led The Gains, With Film And Television Stocks And Lithium Battery Stocks Also Showing Strong Performance
China's Central Bank (PBOC) Announced Today That It Conducted A 7-day Reverse Repurchase Operation Of 500 Million Yuan, With A Bid Amount Of 500 Million Yuan And A Winning Bid Amount Of 500 Million Yuan. The Operation Rate Was 1.40%, Unchanged From The Previous Rate
Shin Hyun-song, Nominee For Governor Of The Bank Of Korea, Said He Will Promote The Internationalization Of The Korean Won
The Main Shanghai Gold Futures Contract Rose By 2.00% Intraday, Currently Trading At 1067.04 Yuan/gram
The Central Parity Rate Of The Yuan Against The US Dollar Was Raised By 11 Basis Points To 6.8582 From The Previous Day, Reaching Its Highest Level Since March 24, 2023
Shin Hyun-song, Nominee For Governor Of The Bank Of Korea: South Korean Inflation Will Accelerate
The Main Palladium Futures Contract Rose By 2.00% Intraday, Currently Trading At 399.00 Yuan/gram

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World Economic Outlook
ECB Chief Economist Lane Speaks
BOE Gov Bailey Speaks
Philadelphia Fed President Paulson, Richmond Fed President Barkin, Boston Fed President Collins, and Fed Governor Barr participated in a fireside chat at the Fed Board's working forum.
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An executive at Meta has denied accusations that it can access WhatsApp chats after plaintiffs filed a lawsuit against Meta on Friday, maintaining that the messaging app’s end-to-end encryption feature keeps messages secure as promised.
In an X post on Monday, Meta communications director Andy Stone said: “Any claim that people's WhatsApp messages are not encrypted is categorically false and absurd,” while referring to the lawsuit as a “frivolous work of fiction.”
The lawsuit was filed in a US district court in San Francisco, California, on Friday by a group of WhatsApp users based in countries such as Australia, Mexico, South Africa and India.
The plaintiffs called Meta’s end-to-end encryption feature a sham and are seeking damages from the social media giant.
The lawsuit aims to “expose the fundamental privacy violations and fraud” that Meta is allegedly perpetrating on its users who use the messaging app on the belief that their communications are completely private.
Pavel Durov, the CEO of WhatsApp rival Telegram, threw support behind the suit, stating: “You’d have to be braindead to believe WhatsApp is secure in 2026. When we analyzed how WhatsApp implemented its ‘encryption’, we found multiple attack vectors.”
While Meta hasn’t issued a public statement, Meta states in its end-to-end encryption explainer page that the “End-to-end encryption helps protect your privacy by ensuring no one sees your messages except you.”
Privacy has become a growing concern for users on centralized messaging platforms, with many seeking greater control over their personal data online.
Bitchat emerges as a decentralized alternative
The lawsuit against Meta follows the rising adoption of decentralized, encrypted messaging apps like Bitchat in areas of conflict and disaster, which leverages Bluetooth mesh networks for internet-free, private communication.
The Jack Dorsey-launched app has seen an explosion in downloads in Uganda, Iran, Nepal, Indonesia, Jamaica, and other countries lately — whether in response to those governments restricting social media access or to maintain communication when natural disasters strike.
Other decentralized messengers that feature end-to-end encryption include Session and X-Messenger.
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