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On February 18th, data from the network monitoring website DownDetector showed that the YouTube service outage affected nearly 340,000 users. The streaming website also reported a malfunction in its recommendation system. The outage resulted in some users seeing a blank YouTube website page, and videos failing to load in the YouTube app, YouTube Music, and YouTube Kids. However, YouTube recently stated that the recommendation system issue has been resolved, and all its platforms have returned to normal.February 18th - According to data from Maoyan Professional Edition, the total box office (including pre-sales) for the 2026 Spring Festival film season has exceeded 1.7 billion yuan, with "Pegasus 3", "Silent Assassination", and "Boonie Bears: The Big Adventure" ranking in the top three.February 18th - According to the China State Railway Group Co., Ltd., the national railway system is expected to transport 10.8 million passengers on February 18th, with 476 additional passenger trains planned. As of 8:00 AM on February 18th, the 12306 railway ticketing platform had sold a total of 274 million tickets for the Spring Festival travel season.February 18th - According to the Japan Meteorological Agency, a magnitude 4.7 earthquake struck off the coast of Amami Oshima, Japan, at approximately 11:28 AM local time on the 18th. The maximum intensity was 3, and the epicenter was at a depth of 70 kilometers. There is no risk of a tsunami.February 18 - According to a report released by Indonesias Meteorology, Climatology and Geophysics Agency, a 5.7-magnitude earthquake struck 167 kilometers southwest of the Tanimbar Islands in Maluku Province, Indonesia, at 9:15 a.m. local time on February 18, with a focal depth of 112 kilometers. No tsunami risk is expected.

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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