Biden administration officials said they are beginning to see signs of easing the global semiconductor supply shortage, including chip makers' pledges to produce more automotive chips for auto companies that had been forced to stop production. The Secretary of Commerce Gina Raimundo, who led the US government's chip supply operations, matched the bridge and led semiconductor manufacturers to hold a series of meetings with their suppliers and customers (including car manufacturers). Senior government officials said these meetings helped reduce distrust in chip manufacturers' production and distribution and automakers' orders. Raimundo said in an interview that the outcome of the talks is that chip manufacturers will be more transparent in their production and shipments, and will gradually increase the supply of chips to automakers.

The income of American retirees may increase more than usual next year, which will continue to put upward pressure on inflation. Facts have proved that inflationary pressure is more lasting than economists expected. According to the report of The Senior Citizens League, the adjustment rate of the social security cost of living linked to the CPI is expected to reach 6.1% next year, the largest increase since 1983. This means that more money will flow into the pockets of 65 million Americans, most of whom are senior citizens.

The increase in the number of new housing starts in the United States in June exceeded expectations, indicating that despite the continued existence of supply chain bottlenecks and labor shortages, housing construction is stabilizing. According to official data released on Tuesday, the number of new housing starts in June increased by 6.3%, reaching an annual rate of 1.64 million units, and a three-month high. Bloomberg surveyed economists to estimate the median value of 1.59 million units. In June, building permits fell to an annual rate of 1.6 million units. High material costs, coupled with shortages of land and labor, hindered developers from increasing construction efforts. The survey results released by the National Association of Home Builders on Monday showed that supply concerns and slowing sales pushed builders’ confidence to an 11-month low in July.

As part of the plan to combat money laundering and terrorist financing, the European Union proposes to ban anonymous cryptocurrency transactions. The plan announced by the European Union on Tuesday includes a number of proposals to strengthen financial transaction supervision, including the creation of a new EU institution with about 250 people to supervise high-risk financial institutions and a ban on cash transactions exceeding 10,000 euros (11,800 US dollars). The EU stated in the fact sheet that anonymous crypto asset wallets will be banned. The European Commission stated that cryptocurrencies should be subject to the same regulations as regular bank wire transfers.

The Director of the NASA (NASA) stated that there will be a new space race with China and warned that the United States needs additional funds to allow astronauts to return to the moon before China. In an interview with Bloomberg Television, NASA Director Bill Nelson stated that China is “very aggressive in landing on the moon, and I think you will eventually see a space race between us and China”. He was speaking on the 52nd anniversary of the American astronaut landing on the moon.

The US climate envoy John Kerry called on China to step up its efforts to reduce emissions, otherwise the world may not be able to achieve international goals. Kerry said in a speech in London that if the world's largest greenhouse gas emitter does not take sufficient measures to reduce emissions, it is "essentially impossible" to limit the global warming to 1.5 degrees Celsius.

According to Reuters, Tokyo Olympic Organizing Committee CEO Toshiro Muto did not rule out the possibility of canceling the event at the last minute when asked about the increase in new crown cases at a press conference.

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