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Real-time News
April 11 - It was learned on the morning of the 11th local time that talks between Iran and the United States were "very likely" to begin that afternoon in Islamabad. According to information received by Iran, both delegations will first meet separately with the Prime Minister of Pakistan before the formal talks begin.April 11 – The US delegation participating in the US-Iran talks arrived in Pakistan on April 11 local time. Early on the morning of the 11th local time, Pakistani officials confirmed that the US-Iran talks would be held that day at the Serena Hotel in Islamabad, the capital of Pakistan, to seek a peaceful solution to the current Middle East crisis. The Iranian delegation, led by Speaker of the Iranian Islamic Parliament, Ghalibaf, has also arrived at the Serena Hotel.On April 11th, a Bank of America research report pointed out that a 10% oil price shock in the 1970s would have had a 90 basis point inflationary impact on the United States, while today that impact is approximately 25 basis points. Furthermore, the report noted that the drag on US growth from oil price shocks has also decreased from over 70 basis points in the past to about 5 basis points today. This may be attributed to the reduced US dependence on oil and the shale oil boom since the 2010s, which has made the US a net energy exporter.On April 11th, at the High-Level Forum on the Development of Intelligent Electric Vehicles (2026), NIO Chairman Li Bin stated that batteries and chips currently account for over 50% of the cost of intelligent electric vehicles, with very high costs associated with production capacity, verification, and production organization. This situation is due to two main reasons: First, the lack of standardized battery cell specifications restricts cost, efficiency, and market responsiveness. He suggested promoting battery cell standardization. Second, there are too many types of chips. Chips should be standardized, and relevant departments should organize automakers to unify chip types as soon as possible, developing interchangeable standards for each type. This would not only benefit the adoption of domestically produced chips in vehicles but also help reduce costs across the industry.April 11th - A Bank of America research report released on April 10th points out that since the 1970s, the global economys dependence on oil has gradually decreased: today, the amount of oil needed to produce the same level of GDP is only one-third of what it was in the 1970s. The OPEC crisis and the subsequent oil shock were once considered a severe stagflation shock. But today, economies are much more resilient to energy shocks of similar magnitude.
