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On June 29th, at the 2026 Global Digital Economy Conferences Space Computing Forum, the Beijing Space Computing Innovation Center was officially unveiled, positioned as the first space computing innovation center in China with the core mission of connecting the industry chain and coordinating upstream and downstream sectors. According to reports, the Beijing Space Computing Innovation Center adopts a dual-drive model of "company + alliance," integrating the entire stack of "chips—hardware—platforms—intelligence—networks—applications" to systematically build a native space computing industry system. The center will focus on six key research directions across the entire space computing industry chain: design and development of native space computing chips, high-performance ultra-bandwidth space computing payloads, satellite platforms and ground verification infrastructure, large-scale model deployment and software/hardware co-optimization, key technology development for integrated space-ground cloud platforms, and satellite application technology innovation and scenario verification.Tip: Burnham, a potential successor to the British Prime Minister, speaks on the British economy and decentralization.Indias industrial output rose 5.1% year-on-year in May, compared with market expectations of 4.5%.Volkswagens Workers Committee: The 2030 job guarantee agreement reached between Volkswagen and the workers union cannot be cancelled.Verizon (VZ.N) expects the deal with BT Group to boost EBITDA in the second quarter.

Saudi Arabia's Refusal to Increase OPEC+ Production Boosts Oil Prices

Skylar Williams

Nov 22, 2022 14:59

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On Monday, Saudi Arabia denied media rumors that it was discussing increasing oil supplies with OPEC and its allies, boosting oil prices in early Asian trade on Tuesday.


Brent oil futures rose 0.2% to $87.62 at 00:07 GMT. Futures contracts for January WTI crude rose 7 cents, or 0.1%, to $80.11 a barrel.


Prices for both benchmarks plummeted more than $5 a barrel after the WSJ reported an increase of up to 500,000 barrels per day will be considered at the Dec. 4 OPEC+ meeting.


Prince Abdulaziz bin Salman, Saudi Arabia's energy minister, said official news agency SPA that the nation is sticking with output limitations and not discussing a hike with other OPEC oil producers.


OPEC+ just decreased its production objectives, and Saudi Arabia's energy minister said the organization will continue to pump oil with prudence owing to global economic uncertainties.


Last week, the front-month Brent crude futures spread shrank as the front-month WTI spread slipped into contango, alleviating supply anxieties.


Rising COVID- 19 cases in China have limited market gains as countrywide epidemics hit April peaks.

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