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September 5th - At 1:32 AM on September 5th, the Jiangxi Provincial Hydrological Monitoring Center upgraded its flood warning to orange. Due to heavy rainfall, it is predicted that within the next 13 hours, the Ganjiang River section in Jian City will experience flooding exceeding the warning level by approximately 2.7 meters; the water level in the Xiajiang County section is still rising, currently exceeding the warning level by 0.23 meters; the flow rate in the Zhangshu City section is still increasing, currently at approximately 13,800 cubic meters per second; and the flow rate in the Nanchang City section is also still increasing, currently at approximately 12,800 cubic meters per second.September 5th - According to Xiaomi Technology, Xiaomi officially released Xiaomi-TabLDM today: a general-purpose large-scale model for tabular data. Xiaomi-TabLDM directly adapts to different tabular datasets with a single pre-trained model and unified default configuration, completing classification and regression predictions without the need for retraining, parameter tuning, or post-ensemble for each task.Musk: The factory system that produces Tesla (TSLA.O) Cybercab is completely different from any other car production line.September 5th - The Croatian government decided on September 4th to purchase 18 sets of South Koreas "Cheonmoo" multiple rocket launcher systems. Croatian Deputy Prime Minister and Defense Minister Anusic stated that day that the "Cheonmoo" system will be used in conjunction with the US "HIMARS" system to reduce dependence on a single manufacturer. The Croatian news agency reported that the purchase is worth approximately €540 million and will take place later this year, between 2020 and 2029.On September 5th, the U.S. State Department issued a statement on the 4th, saying it had approved the sale of military equipment to Saudi Arabia and Oman, with estimated sales of $5.75 billion and $188 million respectively. The statement said the arms sale to Saudi Arabia includes 5,004 500-pound bombs, 5,000 2,000-pound bombs, and corresponding guidance systems, estimated at $5 billion; and 60 engines for Abrams main battle tanks, estimated at $750 million. The State Department also approved the sale of F-16 fighter jet support services and related equipment to Oman. According to U.S. media reports, these foreign military sales still require approval from the U.S. Congress.

Panasonic Anticipates A Rise in Global Automobile Production This Fiscal Year

Aria Thomas

Jun 01, 2022 14:49

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Panasonic (OTC:PCRFY) Holdings Corp, which manufactures batteries for Tesla (NASDAQ:TSLA) and other automakers, stated on Wednesday that it anticipates a recovery in global vehicle production this fiscal year, but that the two-year semiconductor shortage will persist.


Masashi Nagayasu, CEO of the Japanese conglomerate's automotive business, which manufactures in-car infotainment systems and other auto components, stated, "We will operate our business in consideration of the risks of fluctuations in vehicle manufacturing."


Nagayasu stated on the first day of Panasonic's annual investor event that the company has no plans to produce automobiles.


Panasonic, whose automotive division accounts for approximately 14 percent of its entire revenue, anticipates a 19 percent increase in sales for the fiscal year ending in March 2023. It anticipates an operational profit increase of roughly 17 percent.


Due to component shortages caused by COVID-19 lockdowns in China and higher commodity prices as a result of Russia's invasion of Ukraine, the company stated last month that it did not anticipate a profit increase for this fiscal year.


(This item corrects the firm name in paragraph 1 to Panasonic Holdings Corp from Panasonic Corp, and the sales growth forecast in paragraph 4 to 19 percent from 10 percent, and the operating profit forecast to nearly 17 percent from 15 percent decline.)


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