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⑴ The German Economic Institute (IW) released a forecast on Thursday, stating that if the Middle East conflict continues, Germany's economy could suffer a blow of up to 40 billion euros (approximately 4.64 billion dollars) over the next two years due to soaring oil prices, posing a serious threat to the economic recovery process. ⑵ The institute pointed out that although direct trade between Germany and Iran has declined for many years, Germany's high dependence on energy prices and imports still exposes it to significant risk. The current focus is entirely on the anticipated rise in oil prices. The escalation of the Middle East conflict is considered to have a "serious impact" on Germany's economic development. ⑶ IW conducted calculations based on different oil price levels: If Brent crude oil rises to 100 dollars per barrel, Germany's GDP will lose 0.3% in 2026 and 0.6% in 2027, which means a cumulative economic loss of about 40 billion euros over two years. ⑷ If oil prices further climb to 150 dollars per barrel, the impact will be even more severe, potentially reducing Germany's GDP growth by 0.5 and 1.3 percentage points in 2026 and 2027 respectively, with economic losses exceeding 80 billion euros.

the three major US stock index futures rose sharply in the short term, with Nasdaq 100 index futures currently up 0.2%, S&P 500 index futures up 1.16%, and Dow Jones futures up 0.09%.

格隆汇 March 5th丨Japanese major electrical equipment manufacturer Nidec Corporation today released an investigation report by a third-party committee regarding its accounting fraud. The report shows that Nidec Corporation engaged in large-scale accounting fraud, with the amount totaling approximately 250 billion yen, equivalent to about 11 billion RMB. The report believes the root cause of the accounting fraud lies in the company's founder Shigenobu Nagamori's demand for performance targets exceeding actual conditions, while both internal and external audit mechanisms failed to correct the fraudulent behavior. It is reported that Nidec Corporation was founded in Japan in 1973, with a total number of employees exceeding 100,000.