东瀛游(06882)发布截至2025年6月30日止六个月业绩，收益6.92亿港元，同比8.9%;公司拥有人应占溢利 578.7万港元，同比下降83%;每股基本盈利1.15港仙。 2025年上半年，随着地缘政治紧张局势及国际贸易争端升温，全球经济已面临诸多挑战。不断演变的关 税加剧不确定性，对全球贸易及投资造成严重干扰。此外，于2025年7月日本将发生大规模地震(源自于 30年前的一部日本漫画)的谣言，于各大社交媒体平台上广泛流传并被夸大渲染。尽管日本作为旅游目 的地一直深受中国香港居民欢迎，谣言仍导致日本的旅游需求骤然大幅下滑。由于集团一直以提供以日 本为重心的旅游产品及服务为策略重点，因此于2025年上半年旅游相关业务的收益及毛利均取得大幅减 少。尽管其酒店业务表现令人满意，集团于2025年上半年的溢利净额仍取得大幅减少。 ...

【纠错】 【责任编辑:焦鹏】 拉加德说，受此影响，欧元区对美国出口占比较高的行业，如制药业一季度增长超过预期。但随着 加征关税政策生效，这种影响正在逆转，欧元区经济增长放缓趋势在二季度已经显现，预计三季度将继 续走弱。 拉加德表示，虽然美国仍将是欧洲的重要贸易伙伴，但欧洲也应发挥出口型经济优势，进一步推动 经贸关系多元化。 新华社法兰克福8月20日电（记者马悦然）欧洲央行行长拉加德20日在世界经济论坛国际商业理事 会活动上表示，受美国关税政策影响，欧元区三季度经济增速预计放缓。 拉加德表示，当前全球经济充满挑战。截至目前，尽管世界经济保持增长，欧元区经济也展现出一 定韧性，但这主要是受到高关税政策对经济活动的扭曲效应影响。今年一季度，进口商为了规避关税上 调影响，在政策生效前增加库存，国际贸易和投资活动客观上推动了经济增长。 ...

Group 1: Economic Challenges - The global economy is facing a slowdown in real economic growth, characterized by low potential output growth, fiscal vulnerabilities, and increased macro-financial risks [1][2] - Factors contributing to the slowdown include declining productivity, aging populations, and challenges posed by technological changes [2] - Trade fragmentation and rising protectionism are exacerbating the decline in economic and productivity growth, leading to increased sensitivity of output changes to inflation [2] Group 2: Fiscal Vulnerabilities - Many countries are experiencing high levels of public debt, reaching or exceeding peacetime highs, which increases their vulnerability to inflation and financial stability [2] - The sustainability of fiscal policies is becoming a pressing issue due to rising costs associated with aging populations, pensions, healthcare, and infrastructure investments [2] - Maintaining fiscal sustainability is crucial for reducing risks and ensuring economic stability [2] Group 3: Macro-Financial Risks - There is a shift from bank-based financial intermediation to non-bank financial sectors, leading to increased credit and liquidity risks in non-bank financial institutions [3] - The rapid growth of private credit funds and the role of non-bank financial institutions in cross-border transactions contribute to heightened vulnerabilities in financial markets [3] - Recommendations include reducing market rigidity, increasing public investment, strengthening fiscal frameworks, and ensuring debt sustainability to address these challenges [3]