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Conflict Update: 1. Sources: Air raid sirens sounded in Kyiv, Ukraine. 2. Russia claims to have attacked an oil tanker near Odessa, Ukraine. 3. Russian Ministry of Defense: Russian forces shot down 351 Ukrainian drones overnight. 4. Ukrainian military: Attacked a Russian military factory in the Rostov region. 5. Russian Ministry of Defense: Russian troops seized three more settlements in Ukraine. In the past 24 hours, "Eastern" forces have inflicted more than 315 casualties on Ukrainian troops. 6. Russian authorities claim a Ukrainian drone attack in the Belgorod region of Russia killed two people and injured two. 7. Russian online retailer Ozon stated that its logistics center in Dagestan caught fire after the drone attack. 8. A Ukrainian drone force commander stated that Ukraine hit a Russian MiG-29 fighter jet and two Russian vessels in the Black Sea. 9. Market news: Sources say the Perm oil refinery in Russia suspended operations after a drone attack on August 21. 10. Kremlin: Russian armed forces are working to identify missile production sites in Ukraine and will take measures to destroy these facilities. Other developments: 1. Russia and Ukraine exchanged 20 prisoners in Belarus. 2. The UK will provide Ukraine with Storm Shadow missile production technology. 3. Ukrainian President Zelensky suggested using frozen Russian assets to partially cover the shortfall. 4. EU High Representative for Foreign Affairs and Security Policy Karas: Proposed stricter sanctions against Russia this autumn. 5. French President Macron: Need to intensify the crackdown on Russias shadow fleet and further coordinate sanctions measures. 6. EU: Todays approval of financial aid to Ukraine is an addition to the already approved €16 billion Ukraine procurement plan. 7. European Commission President Ursula von der Leyen: The latest financial aid to Ukraine will be used to help Ukraine with urgently needed missile defense systems, ammunition, and radar. 8. Ukrainian President Zelensky: Despite Russias attacks and attempts to completely blockade shipping, three to four ships are still entering the port of Veliko Odessa every day. 9. British Prime Minister Burnham: The clear message to Russian President Putin is that Ukraine will never relinquish territory that Russia cannot win on the battlefield. More measures are needed to curb Russian oil and LNG exports. 10. Russian President Putin signed a decree to protect infrastructure. Critical infrastructure owners who fail to secure their facilities in the face of external threats may have them transferred to temporary management. 11. According to Ukrainian media: Due to the Russian attack, the visit to Kyiv by US Middle East envoy Witkov and Trump senior advisor Kushner has been postponed.Artificial Intelligence: 1. Alibabas Wan3.0 video big data model officially launched. 2. Meta plans to launch the "HATCH" AI agent platform in the coming weeks. 3. Alibabas liver cancer AI model accurately identifies tiny tumors, featured again in a top international journal. 4. Nvidia in talks to invest in Perplexity, whose valuation may exceed $30 billion. 5. The Dark Side of the Moon: Kimi K2.5, the first-generation trillion-parameter multimodal model, will end its service life at the end of this month. 6. Amazon Web Services: AWS Glue 6.0 upgrade reduces AWS Glue prices by 30%. 7. Former OpenAI employee Luke Metz has joined Metas Super Intelligence Lab. 8. Lancium announced a partnership with Nvidia to advance the development of gigawatt-scale AI factories in its over 15GW portfolio. Integrated Circuits (Chips): 1. SK Hynix is introducing advanced packaging technology for its next-generation HBM solution. 2. Nvidias Groq 3 LPX AI inference accelerator is in full production. 3. Xiaomi unveils its new generation self-developed processor, the Xuanjie O3: using a 3nm process, integrating 24 billion transistors, with an AnTuTu score exceeding 5.22 million. Other: 1. Joseph Tsai and Wu Yongming increase their holdings of Alibaba shares by HK$120 million. 2. XPeng Group: The humanoid robot IRON will officially launch next year. 3. Institutions predict a 14% decline in global smartphone shipments in 2026; Samsung aims to regain the top market share. 4. Smart ring manufacturer Ora plans to raise up to $3 billion through an IPO, targeting a valuation exceeding $16 billion. On August 25th, British Prime Minister Burnham stated that he and other European leaders plan to travel to the United States next month to lobby US President Trump to allow Ukraine to receive some of the US Patriot air defense missile stockpile before winter. "I look forward to going to New York in September," Burnham said in an interview in Kyiv on Monday evening, referring to the upcoming UN General Assembly in New York, which will be his first visit to the US since becoming Prime Minister. He added, "The specific details are not yet fully finalized, but I am very likely to go, especially after todays talks. I am quite clear about what I need to do in the coming weeks."Market news: British Prime Minister Burnham plans to visit the United States next month to lobby Trump for support for Ukraine.According to the statement, Canadian ministers will announce their response to the U.S. tariffs at 3 p.m. GMT on Tuesday (11 p.m. Beijing time).

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.)