2026-02-21 Saturday
22:29:20
On February 21, Zhipu issued an apology letter regarding its GLM Coding Plan and announced its handling and compensation plan. The company stated that the main mistakes in this redesign were insufficient transparency in the rules, a slow rollout of GLM-5, and a poorly designed upgrade mechanism for existing users. It also explained that traffic after the GLM-5 release exceeded expectations, and the company's expansion pace could not keep up. Therefore, it was forced to gradually open GLM-5 in the order of Max, Pro, and Lite. Currently, Max users are fully enabled, while Pro users are enabled but may experience rate limiting during peak periods due to high cluster load. Lite users will be gradually enabled during the off-peak period after the holiday. For affected Lite and Pro users, the company supports self-refund applications.
16:57:23
[Former White House Official: US Tariffs Reset to 10%, Southeast Asia Becomes "Temporary Beneficiary"] According to Nikkei Asia, the US Supreme Court ruled that tariffs imposed by Trump under the International Emergency Economic Powers Act (IEEPA) were illegal. As a result of this ruling, US tariffs on relevant countries will be reset to a base rate of 10%. Analysts point out that this is a short-term benefit for countries, including Southeast Asian nations, that have large trade surpluses with the US, making them "temporary beneficiaries." Previously, tariffs faced by countries in the region ranged from 40% in Myanmar and Laos to 19% in the Philippines, Malaysia, Cambodia, Indonesia, and Thailand; now these high tariffs will be uniformly reduced to 10%. Jon Lang, senior director of geopolitical risk consultancy APCO and a former White House official, predicts that this low-tariff window may last until a new tariff investigation is completed under Section 301 of the Trade Act of 1974 or Section 232 of the Trade Expansion Act of 1962. During this period, the US is expected to import more goods from these countries.
16:06:31
[US Proposes 10% Global Tariff, Threatening Thailand's Electronics and Automotive Industries] The Federation of Thai Industries (FTI) recently stated that after the US Supreme Court limited its power to impose "reciprocal tariffs," the Trump administration invoked Section 122 of the Trade Act of 1974 to propose a 10% "global tariff" on all imported goods. This policy is expected to severely impact Thailand's electronics exports, including hard disk drives, printed circuit boards, and integrated circuits, as Thailand is a major manufacturing base for these products. The automotive and auto parts industry, especially the tire industry, will also face a heavy blow, as the new 10% tariff, combined with existing anti-dumping duties, will significantly increase costs. Furthermore, exports of household appliances such as air conditioners and refrigerators, as well as gemstones and jewelry, will also be significantly affected. However, Thai agricultural products such as rice, durian, and mangosteen, as well as fishery products, will be exempt from the tariff.
14:41:13
[Kitco Survey: Wall Street Bullish Sentiment Rekindles, Retail Investors Maintain Mildly Bullish View on Gold for Third Consecutive Week] Kitco News' weekly gold survey shows that bullish sentiment on Wall Street has once again taken hold, with retail investors maintaining a mildly bullish stance for the third consecutive week. Several analysts expressed optimism about the gold price outlook. Rich Checkan, President and COO of Asset Strategies International, believes that the market fundamentals have not changed to support the previous pullback, which was merely a healthy short-term correction, and the upward price trend should resume soon. Darin Newsom, Senior Market Analyst at Barchart, mentioned geopolitical factors, pointing out that the Supreme Court's rejection of Trump's tariff policy increases the possibility of military action, which could impact the market. Adrian Day, President of Adrian Day Asset Management, stated that gold has reached its lows since the end of January's sell-off and is clearly recovering. Although gold prices may slightly decline on Monday if the US does not escalate the situation with Iran over the weekend, the short-term recovery trend is already evident.
13:50:42
[Visa-Free Benefits Continue to Drive Passenger Traffic to Shanghai Ports During Spring Festival] Since the start of the Spring Festival holiday, as of 00:00 on February 21, the Shanghai General Station of Immigration Inspection has processed a total of 679,000 inbound and outbound passengers. The two major international airports, Pudong and Hongqiao, have processed a total of 656,000 inbound and outbound passengers, with 340,000 outbound and 316,000 inbound. Pudong International Airport handled 605,000 inbound and outbound passengers, accounting for over 90% of all passengers. Nearly 23,000 passengers chose to spend the Spring Festival at sea by cruise ship. Since the start of the Spring Festival holiday, Shanghai immigration authorities have processed a total of 62,000 foreign passengers entering through airport ports. Among them, 32,000 foreign passengers utilized the visa-free policy and the 240-hour visa-free transit policy, accounting for 52% of the total number of foreign passengers entering through Shanghai ports. (CCTV News)
