According to Xinhua News Agency, on July 29th, the latest data released on the website of the US Treasury Department showed that as of July 26th, the size of federal government debt had risen from $34.998 trillion the previous day to $35.001 trillion. According to the calculations of the Peter Peterson Foundation in the United States, distributing these huge debts to the American people is equivalent to a debt of nearly $104000 per person.

According to authoritative analysts, technically speaking, the continuous growth of the US federal government debt is mainly caused by an aging population, rising healthcare costs, and insufficient tax revenue. But although the alarm bell of runaway debt in the United States rings again, at present, neither the Democratic Party nor the Republican Party has the incentive to cut spending and control the scale of debt. Some media have noticed that debt issues have hardly been mentioned in the current US election campaign. The US fiscal system is on an unsustainable track, and if not addressed, the structural mismatch between federal government spending and revenue, as well as rising interest rates and borrowing costs, will pose severe challenges to the federal budget, the US economy, and future development.

02Venezuela announces recall of diplomats from seven Latin American countries

According to Agence France Presse, on July 29th, Venezuela announced that it would recall diplomatic personnel from seven Latin American countries including Argentina, Chile, and Peru, and demanded that their diplomatic personnel withdraw from Venezuela. According to a statement released by the Venezuelan Ministry of Foreign Affairs, this move is due to attempts by countries such as Argentina, Chile, Costa Rica, Peru, Panama, the Dominican Republic, and Uruguay not to recognize the results of the Venezuelan election.

It is reported that Venezuela held presidential elections previously, with a total ofTen candidates participated, and after the election, the Venezuelan National Election Commission announced that the ruling Grand Patriotic Union candidate and current president Maduro was re elected as the President of Venezuela. But this result has been questioned by the opposition party in the country and many countries around the world. The foreign ministers of Argentina, Panama, Uruguay and nine other countries issued a joint communiqu é calling for all candidate representatives to be allowed to review the vote count to ensure that the election results respect the will of the people.

military

01Hamas political leader killed in attack

According to Iranian news, on July 31st, Hamas political leader Haniya was attacked and killed at his residence after attending the inauguration ceremony of Iranian President Pezehezhian in Tehran. Hamas claimed that the assassination was carried out by Israel. As of now, Israel has not claimed responsibility for the attack and has not made any comments, but it has strengthened security measures for diplomatic missions worldwide.

On that day, Palestinian President Abbas announced a day of national mourning and lowered the flag to half mast, while Iran also announced three days of national mourning for the assassination of Hamas Politburo leader Haniya in Iran. Hamas has stated that they will hold a funeral ceremony for Haniya's body, which will then be transported to the Qatari capital Doha for burial. Qatar strongly condemns this, as both Israel and Hamas are currently engaged in ceasefire negotiations, and such an assassination would undoubtedly change the course of the negotiations.

02Israel attacks multiple targets of Hezbollah in southern Lebanon

According to comprehensive news from Tehran, on July 30th, the Israeli military announced that they had struck approximately 10 Hezbollah targets in seven areas of southern Lebanon overnight, killing one armed man and attacking Hezbollah's arsenal, infrastructure, military buildings, and launchers. Hezbollah later said that they fired at Israeli warplanes crossing Lebanese airspace, forcing them to turn back.

It is reported that since the outbreak of the Israel Israel conflict in October last year, Israel and Hezbollah have been engaged in continuous fighting on the Israel Lebanon border. Previously, Israel accused Hezbollah of launching dozens of rockets into the occupied Golan Heights, resulting in at least 12 deaths and over 30 injuries in a small town. Israel later vowed to launch a 'full-scale war', but Hezbollah denied launching the attack.

Jean Sama'an, a researcher on Lebanon at the French Institute of Foreign Relations, said that whether the conflict between Israel and Hezbollah will escalate depends on Israel's choice of targets and locations for attacks, such as shifting from southern Lebanon to Beirut, expanding targets to government infrastructure or airports. However, he also believes that at this stage, Israel will not do so. Other analyses indicate that Hezbollah's power has greatly increased in recent years, and it hasAfter the war with Israel in 2006, it expanded its military stockpile and now possesses a variety of heavy rockets, ballistic missiles, as well as anti-aircraft, anti tank, anti-ship missiles, and drones.

01Malaysian merchants gradually adopt electronic invoices

Kuala Lumpur News: On August 1st, the Malaysian government began implementing the electronic invoice system in stages. The first phase involves approximately 5000 companies with annual revenue or sales exceeding RM100 million. This means that small and medium-sized businesses are temporarily not affected. The Inland Revenue Board of Malaysia stated that the second phase of electronic invoices will be implemented from January 1, 2025, and companies with annual revenue or sales of RM25 million to RM100 million will also be required to use electronic invoices at that time. By July 1, 2025, all businesses with an annual revenue of RM150000 or more are required to use electronic invoices.

Previously, the Inland Revenue Board of Malaysia stated that the electronic invoice system not only simplifies processes but also reduces operating costs for small businesses. This is the starting point of Malaysia's tax reform and will drive Malaysia towards digital innovation.