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On March 5th, at the first "Ministerial Corridor" press conference of the Fourth Session of the 14th National Peoples Congress, Minister of Industry and Information Technology Li Lecheng stated that in 2026, the Ministry of Industry and Information Technology will, in accordance with the requirements of the Government Work Report, vigorously promote the two-way development of artificial intelligence (AI) and manufacturing. my country boasts a complete range of industries, a large pool of innovative talent, and a continuously improving innovation ecosystem. We are confident and firmly believe that more world-class intelligent products will be produced on this fertile land. We will strive to promote AI computers, AI mobile phones, and smart homes to better meet the peoples needs for a better life. We will fully promote the research and development and iterative updates of next-generation artificial intelligence products, including brain-computer interfaces, autonomous vehicles, and robots, driving technological breakthroughs and iterations. We will vigorously support the development of intelligent agricultural machinery and intelligent medical devices, enabling more intelligent products to meet the needs of various industries and fields.March 5th - At the first "Ministerial Corridor" press conference of the Fourth Session of the 14th National Peoples Congress on March 5th, Zhang Yuzhuo, Director of the State-owned Assets Supervision and Administration Commission of the State Council, stated that during the "14th Five-Year Plan" period, the total assets of central enterprises successively reached 70 trillion, 80 trillion, and 90 trillion yuan. Profit levels over these five years increased by 56.2% compared to the previous five years, and overall labor productivity grew at an average annual rate of 7%.According to the Wall Street Journal, Canadian Prime Minister Mark Carney stated that the possibility of Canadian military involvement in the escalating conflict in the Middle East cannot be ruled out. "We have not participated in those US-Israeli operations. But we will always protect Canadians."March 5th - Li Lecheng, Minister of Industry and Information Technology: Regarding the next stage of artificial intelligence development, we will continue to do relevant work in 2026. Here, I would like to emphasize that in the development of the artificial intelligence industry, we must coordinate development and security, adhere to the principle that artificial intelligence is for human use, for human service, and for human control, and uphold international cooperation, openness, and sharing in artificial intelligence. We must unite with friends from all over the world to jointly explore and reach a broader consensus on the governance framework and rules for artificial intelligence, so that artificial intelligence can better benefit mankind and become a global public good.According to Iraqi Kurdish media Rudaw, an explosion occurred near Baghdad airport, which houses the "Victoria Base" and was previously used to house US troops.

The USD/JPY crosses the 135.00 mark as the DXY rises ahead of US inflation

Daniel Rogers

Aug 10, 2022 11:32

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The USD/JPY pair is climbing northward during the Asian session in an attempt to retake its two-week high at 135.58. The asset's price turned positive on Monday as a result of the abundance of bids that occurred near 134.50. The USD/JPY pair's two-day consolidated activity shows that market participants are anxiously awaiting the release of the US Consumer Price Index (CPI).

 

Investors expect a decrease in price pressures this time, thus the release of the US inflation report is crucial. The investment community is aware that the crisis between Russia and Ukraine sharply increased oil prices, which continued to be essential to pressures on global costs.

 

A more than 11% drop in oil prices in July contributed to the black gold's continued sluggishness and lowered inflation expectations. The market anticipates that the inflation rate will decrease from 9.1% to 8.7%. The core CPI, which does not include food and oil, is anticipated to increase to 6.1% from the previously announced 5.9%. It appears that the demand for durable goods is rapidly increasing again. The US dollar index (DXY) is currently aiming to surpass the 106.40 immediate barrier.

 

The yen bulls are circling Tokyo as a result of Japan's government reorganization. Finance Minister Shunichi Suzuki will probably remain in the cabinet after this week's reorganization by Japanese Prime Minister Fumio Kishida. All eyes will now be on the Japanese government's efforts to raise the labor cost index, which is essential for keeping inflation over 2%.


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