According to Reuters, sources say that since the end of October, attacks by Ukraine on Russian oil refineries have reduced Russia's oil processing capacity by about 30%. Actual daily oil processing volume in Russia has decreased by approximately 200,

TSMC (TSM.N) approved roughly $40.9 billion in capex for long-term capacity planning.

[Zhang Guoqing Emphasizes Continuous Enhancement of Industrial Innovation Capabilities to Better Serve and Support High-Quality Economic Development During Shanghai Inspection] Zhang Guoqing, member of the Political Bureau of the CPC Central Committee and Vice Premier of the State Council, conducted an inspection tour in Shanghai from September 9th to 10th. He emphasized the need to thoroughly implement the spirit of General Secretary Xi Jinping's important instructions and the spirit of the Fifth Plenary Session of the 20th CPC Central Committee, implement the decisions and deployments of the CPC Central Committee and the State Council, solidly promote the deep integration of scientific and technological innovation and industrial innovation, continuously enhance industrial innovation capabilities, and better serve and support high-quality economic development. Zhang Guoqing visited enterprises in the instrumentation and medical equipment industries, inspected laboratories and production workshops, and learned about production, operation, research and innovation from enterprise leaders, R&D personnel, and front-line workers. He stressed the need to highlight the supply of scientific and technological innovation and the demand-driven development of industries, empowering industrial innovation with high-quality scientific and technological supply, and driving scientific and technological innovation with the demand for high-end, green, and intelligent industries, so as to accelerate the transformation of innovative achievements into real productive forces. He also emphasized the need to strengthen basic research, focus on weak links in key areas, strengthen breakthroughs in advanced basic processes, key basic materials, and basic components, and solidify the technological foundation for industrial development.