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Hong Kong-listed robotics stocks rallied in the afternoon, with Horizon Robotics (09660.HK) surging over 15%, Hesai-W (02525.HK) rising over 5%, and MicroPort Robotics (02252.HK) and RoboSense (02498.HK) following suit.Bank of England Chief Economist Peel: Monetary policy has not been tight enough in the past few years.June 29th news: From June 22nd to June 28th, the national logistics operation data is as follows: National railway freight transported 80.026 million tons, a decrease of 0.89% compared to the previous period; 54.793 million trucks passed through national expressways, an increase of 8.91% compared to the previous period; monitored ports completed a cargo throughput of 270.279 million tons, an increase of 3.09% compared to the previous period, and a container throughput of 7.215 million TEUs, an increase of 5.27% compared to the previous period; civil aviation handled 122,000 flights (including 5,118 cargo flights, of which 3,378 were international cargo flights and 1,740 were domestic cargo flights), an increase of 4.90% compared to the previous period; postal and express delivery collection volume was approximately 3.892 billion pieces, a decrease of 4.70% compared to the previous period; delivery volume was approximately 3.909 billion pieces, a decrease of 4.98% compared to the previous period.June 29th - Thomas Mathews, Head of Asia Pacific Markets at Capital Economics, stated in a report that the rally in US Treasuries that previously drove yields lower is expected to lose momentum, while German bonds may rise further. He said that US Treasuries face some key tests this week. He pointed out that one of the key reasons for the Federal Reserves rate cuts is to protect the health of the labor market. "But labor market momentum has strengthened recently, and we expect the US June jobs report, to be released later this week, to be strong again," Mathews said. It is becoming increasingly clear that labor market conditions will not be a reason to postpone tightening policy. "This may be the biggest risk facing US Treasuries in the near term, but it is not the only risk."On June 29th, Baidu officially released and open-sourced its end-to-end OCR model, Unlimited OCR. The model topped the GitHub Daily Trending and Python charts the day after its release, and also ranked first on HuggingFaces global overall model trending chart and multimodal model trending chart. Unlimited OCR is designed for long document parsing scenarios, with a total parameter size of 3B and only about 570M activation parameters during inference. Public evaluation results show that Unlimited OCR achieved a 93.92% overall score in the OmniDocBench v1.6 benchmark test, setting a new record for end-to-end OCR.

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.)