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On August 29th, at the 2026 China International Big Data Industry Expo, "data annotation" became a hot topic. Data annotation involves accurately "labeling" raw data such as text, images, and audio, enabling AI to understand and recognize the real world. This work is a key link in bridging human intelligence and machine intelligence. At the forum, many attendees stated that artificial intelligence is currently at a critical stage of transitioning from technological breakthroughs to system implementation, and data annotation, as a crucial foundation for AI development, is experiencing exponential growth in demand. Faced with the increasing demand for high-quality data elements, Guizhou Province has, in recent years, made data annotation and data collection a new driving force and key industry for the development of the digital economy, introducing and cultivating a large number of data companies and related practitioners. Currently, the province has 135 data annotation companies and over 16,000 people engaged in data annotation.On August 29, Kremlin spokesman Dmitry Peskov said on Saturday that Europe is making statements that indicate it views Russia as an "adversary or even an enemy." Moscow believes there is no prospect of improved relations between Russia and the EU. It is unclear which specific statements Peskov was referring to. He added that current EU politicians are taking a confrontational stance towards Russia "not only in words but also in actions." Peskov said, "They are mobilizing European military capabilities and using them against our country, while also directly engaging in hostile actions against us."On August 29th, according to Ukrainian media reports on the 28th, Ukrainian President Zelenskyy convened a meeting of the Supreme Command to discuss weapons supply issues, setting a target of using 1,000 drones daily to conduct long-range strikes against Russia. Zelenskyy said that Ukraine currently conducts an average of more than 300 long-range strikes against Russia every day, but "there should be more." Zelenskyy also said that the production of interceptors to defend against Russian drones should be accelerated.On August 29, the Office of the National Disaster Prevention, Mitigation and Relief Committee and the Ministry of Emergency Management, in response to the recent heavy rainfall that caused flooding in the Mohan-Boding Economic Cooperation Zone of Kunming City, Yunnan Province, allocated 10,000 pieces of central disaster relief supplies, including tents, folding beds, quilts, and blankets, to support the disaster-stricken area in its disaster relief and assistance efforts, based on the needs of the affected people for evacuation, relocation, and resettlement.August 29th - According to the Russian government, the export ban on diesel, marine fuel, and crude diesel oil from producers in Russia has been extended to September 30th. The original export restrictions on diesel, marine fuel, and crude diesel oil from producers were valid until August 31st. The Russian government stated that this decision was made to maintain stability in the domestic fuel market.

GBP/JPY attempts to rise above 164.00 as markets watch BOE and BOJ policy

Alina Haynes

Sep 20, 2022 14:42

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The early Asian trading session has seen the GBP/JPY pair nearing the round level resistance of 164.00. After escaping the tight constriction between 162.78 and 163.60, the asset has continued rising. Large purchases have been made in the risk-sensitive currency, which is expected to rise further now that the risk-on drive has stabilized.

 

The cross is expected to conduct a new rally as the policy gap between the Bank of England (BOE) and the Bank of Japan (BOJ) widens. It is widely anticipated that the BOE will announce a further 50 bps rate hike this coming Thursday in an effort to bring inflation back under control. A drop in the headline Consumer Price Index to 9.9% from 10.2% expected and 10.1% previously announced would not mitigate the size of the rate hike.

 

The United Kingdom has the highest inflation rate of the G-7 countries and is also in the midst of an energy crisis. There must be a significant reduction in pricing pressures or else the trust of households, which are already being strained by the need to make higher payments, will continue to erode.

 

It is expected that this time around in Tokyo, BOJ officials will change their tune about the continued devaluation of the Japanese yen. The Bank of Japan's prolonged ultra-dovish attitude will cease, and it will shift toward a neutral stance. While this may be true, it does not warrant a narrowing of the policy gap between the BOE and BOJ.

 

Meanwhile, the Statistics Bureau of Japan stated that the National CPI was 3%, up from 2.6% in the last release and the expectations. The core CPI (CPI less food and energy) rose to 1.6% from 1.2%, but it still lags behind the predicted 1.7%.

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