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On January 5th, Vasu Menon, Managing Director of Investment Strategy at OCBC Bank in Singapore, stated that despite Trumps promise of US corporate support for revitalizing Venezuelan oil production, restarting operations will require a considerable amount of time and capital investment before full capacity can be restored. Amidst ongoing political turmoil, supply disruptions could slightly push up oil prices in the short term. However, given that Venezuela is not currently a major oil producer, its impact is likely to be limited. OPECs production decisions also help stabilize oil prices. "Overall, after a year of significant geopolitical events in 2025, the market now appears less vulnerable to geopolitical risks. Short-term contingencies may trigger some tensions, but as seen last year, their impact may be short-lived."On January 5th, Tai Hui, Chief Market Strategist for Asia Pacific at JPMorgan Asset Management, believes there are two reasons why the market has not reacted strongly to the US takeover of Venezuela. First, Venezuelas oil production accounts for a very small percentage of global output (approximately 1%). Years of underinvestment mean it cannot quickly increase production and contribute to global supply in the short term. With Trump announcing that the US will "take over" Venezuela in the short term, the future of the new regime remains unclear. The impact on global markets will at most be reflected in the energy market. Of course, this event has broader geopolitical implications, but "in my view, financial markets are not efficient at accurately pricing this type of risk."January 5th - According to the China State Railway Group, during the New Years Day holiday travel period (December 31, 2025 to January 4, 2026, a total of 5 days), the national railway system transported a total of 79.023 million passengers.January 5th - Domestic refined oil prices will see their first adjustment this year at 24:00 on January 6th. According to Longzhong Information, due to the weakening trend of international crude oil prices during this adjustment cycle, the expected increase in refined oil prices when the adjustment window opens is around 30 yuan/ton, below the 50 yuan/ton adjustment threshold. Therefore, it is highly likely that this round of price adjustments will be suspended.On January 5th, according to Qichacha APP, Xiaomi Automotive Technology Co., Ltd. recently published a patent application for "Fatigue Driving Intervention Method, Device, Vehicle, Equipment, Medium, and Chip." The patent abstract from Qichacha shows that this disclosure applies to smart cockpits. The method includes: acquiring multiple vehicle-side data from the vehicles infotainment system and multiple driver data based on a drivers wearable device during driving; identifying the drivers fatigue status based on the multiple vehicle-side data and multiple driver data; and, in response to identifying the drivers fatigue state, performing fatigue driving intervention processing according to the drivers fatigue level. This improves the accuracy and precision of determining the drivers fatigue state in a driving environment. By implementing targeted fatigue driving intervention measures through the vehicle and wearable device, it enhances the effectiveness and proactiveness of fatigue driving intervention measures and optimizes the intervention effect.

Pernod Ricard Expects Digital Drive to Stimulate Growth

Aria Thomas

Jun 08, 2022 14:50

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Pernod Ricard (EPA:PERP) announced on Wednesday that it was betting on digital efforts, its portfolio of premium brands, and its distribution network to drive sales growth over the next five years.


Pernod, the second-largest spirits company in the world after Diageo (LON:DGE), stated that it will strive for organic sales growth of between 4 and 7 percent per year over the medium term.


Pernod, whose brands include Martell cognac, Mumm champagne, and Absolut vodka, reaffirmed its goal to increase operating profit margin by 50 to 60 basis points annually, assuming it can achieve annual organic sales growth of 4 to 7 percent in the medium term.


The corporation noted that its digital activities would entail more work to predict client preferences and industry trends using data.


Pernod Ricard has a Capital Market Day on Wednesday afternoon.