On June 12, it was reported that the Indian passenger plane crash occurred shortly after takeoff. The plane fell while it was still climbing. The fuel tank was full of oil and thick smoke billowed after the crash. In addition, the crash site was located in a residential area, and it has not been confirmed whether there were any casualties on the ground.

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ECB Executive Board Member Schnabel: Monetary policy is currently in a good state.

ECB Executive Board Member Schnabel: We are still a long way from getting inflation expectations out of their downward trend.

ECB Executive Board member Schnabel: The strengthening of the euro exchange rate is mainly driven by the positive confidence shock in Europe, rather than the interest rate differential.

Indian Boeing plane crash footage exposed

ECB Executive Board Member Schnabel: Core inflation in the euro area remains at a high level, but we are on a good track.

According to Flightradar24: Initial ADS-B data from the Indian crashed airliner showed that the aircraft reached a maximum pressure altitude of 625 feet (about 200 feet above sea level at the airport) and then began to descend at a vertical speed of 475 feet per minute.

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Statement from the Chairman of Air India: Full assistance to the on-site emergency response team.

On June 12, the opening day of the 2025 International Automotive and Supply Chain Expo (Hong Kong), Geely Yuancheng Super Van completed the first batch of deliveries and was put into operation in the Hong Kong "Bumblebee" taxi fleet. It is reported that this means Yuancheng Automobile will fully enter the Hong Kong market.

ECB Executive Board member Schnabel: Defense and infrastructure spending offset the impact of tariffs.

ECB Executive Board Member Schnabel: Energy prices and the euro may move in both directions.

ECB Executive Board member Schnabel: Wage growth is expected to slow further.

ECB Executive Board Member Schnabel: Private consumption is supporting economic growth.

ECB Executive Board member Schnabel: The monetary policy cycle is coming to an end and current financial conditions are no longer restrictive.

ECB Executive Board Member Schnabel: Medium-term inflation is stable at the target level.

On June 12, Xin Hongye said on the interactive platform that the early payment of bills by downstream automobile manufacturers will have a positive impact on the company in many aspects, such as improving cash flow, reducing financial costs, and enhancing financial flexibility. The company will explore a win-win payment arrangement with customers while ensuring the provision of high-quality products and services.

On June 12, He Xiaopeng, chairman and CEO of Xpeng Motors, said at the 2025 Hong Kong Auto Show that Xpeng Motors hopes to be one of the first companies to bring advanced intelligent assisted driving to Hong Kong. He said: "Xpeng Motors is doing several things. First, the preparation of related vehicles. Xpeng hopes that all models entering Hong Kong next year can achieve advanced intelligent assisted driving. Secondly, if relevant policies can be formulated, Xpeng hopes to be one of the first companies to go on the road. As for the subsequent software development and testing, Xpeng can get it done in two months."