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Saudi Arabia won the right to host the 2034 World Cup, and the FIFA Council confirmed that the 2034 World Cup will be hosted by Saudi Arabia, which is the third time that Asia has hosted the World Cup. At the same time, Saudi Arabia is also the only bidding country for the 2034 World Cup. The Saudi Football Association announced its bid to host the 2034 World Cup on October 9, 2023. By the deadline of November 1, 2023, there was still only one bidding country in Saudi Arabia. This is the first time in nearly 60 years that FIFA has determined the right to host the World Cup without competitors. Saudi Arabia is also the fourth Asian country to host the World Cup after South Korea and Japan in 2002 and Qatar in 2022. This is the second time that the World Cup has entered West Asia.Fosun Travel responded to privatization: a transitional measure focusing on the light asset model. Following the change of CEO, Fosun Tourism Culture Group (hereinafter referred to as "Fosun Travel") started the privatization process again. On December 11th, in response to Fosun Travel's plan to privatize and delist Hong Kong stocks, Fosun Travel responded that this privatization proposal is based on the decision made by the company's long-term development, and the company will pay more attention to the transition of light asset model. After the privatization is completed, Fosun Travel will continue to maintain the normal operation of its existing business. Nowadays, for Fosun Travel, it can be said that it has reached a "crossroads" of transformation. Some experts in the industry have analyzed that at this time of privatization, Fosun Travel may have transformation needs, and the current low valuation of Hong Kong stocks will allow enterprises to maintain their stock prices at more cost. In fact, in recent years, some tourism enterprises have been privatized and delisted, but when making privatization decisions, they still have to weigh the pros and cons. (beijing business today)Vanguard went against tradition and suggested the strategy of "six shares of debt and four shares" to deal with policy risks. In view of the high interest rate and stock valuation, Vanguard Group suggested that investors establish defensive positions in the new year and increase their investment in bonds instead of stocks. The company's 2025 outlook lists the asset allocation model built by economists and portfolio teams, which allocates 62% of the funds to fixed-income securities and the remaining 38% to stocks. In contrast, the ratio of stocks to bonds in the traditional portfolio is 60% to 40%. Although the US economy is still strong, the stock market valuation is close to historical highs, which makes stocks more vulnerable to potential policy risks after Trump takes office. At the same time, interest rates may remain higher than those in the 2010 s, thus providing investors with stable income and more protection in the case of risk aversion.

Russia said it was attacked by six ATACMS missiles today, and said it would respond to today's ATACMS missile attack.Bank of Canada: The sharp interest rate cut is aimed at supporting economic growth and keeping CPI at a level close to 2%.Russian Presidential Press Secretary: The telephone conversation between Putin and Trump has not been prepared yet. On December 11th, local time, Russian Presidential Press Secretary peskov said that there is no telephone conversation between Russian President Putin and US President-elect Trump at present, and Russia is waiting for Trump's inauguration ceremony on January 20th next year. Peskov also said that at present, Russia has no plans to hold a summit meeting with Turkish and Iranian leaders on the Syrian situation, Putin's visit to Turkey "has not yet been finalized" and he is not ready to meet with Hungarian Prime Minister Orban. (CCTV News)

Bank of Canada: Canada's economic growth in the fourth quarter seems weaker than expected. Bank of Canada: Canada's economic growth in the fourth quarter seems weaker than expected. The United States may impose new tariffs on Canadian products exported to the United States, increasing uncertainty and casting a shadow over the economic prospects. Consumer spending and household activities both picked up in the third quarter, indicating that lower interest rates began to boost household spending. The growth in the fourth quarter may be weaker than the 2% annualized level expected by the central bank, and the average inflation rate is expected to be close to 2% in the next few years.The S&P 500 index opened up 0.5%, while the Nasdaq 100 index rose 0.9%.CFO of Goldman Sachs: As President-elect Trump nominates candidates for government positions, the FTC may take a new direction.