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On March 13th, according to Qichacha APP, Guangzhou Xiaopeng Motors Technology Co., Ltd. recently applied for and published a patent for "Method, Device, Equipment and Storage Medium for Gait Adjustment of Robots". The patent abstract shows that this invention relates to the field of intelligent robots, disclosing a method, device, equipment and storage medium for gait adjustment of robots. The method includes: acquiring target sampling points on the feet of a humanoid robot, as well as the coordinate values and terrain elevation data corresponding to each target sampling point; calculating the landing point report value of the humanoid robot based on the coordinate values and terrain elevation data corresponding to each target sampling point; acquiring the maximum value of terrain elevation data within a preset radius for each target sampling point, and calculating the step-kicking report value of the humanoid robot based on the coordinate values and the maximum value of terrain elevation data; and adjusting the gait of the humanoid robot based on the landing point report value and the step-kicking report value. This invention, by acquiring the coordinates of target sampling points and terrain elevation data, and calculating two types of report values—landing point and step-kicking—guides the humanoid robot to make precise gait adjustments, improving the robots autonomous movement adaptability and stability in complex terrains such as stairs.On March 13th, Apple announced adjustments to its App Store commission policy in mainland China. What are the benefits of this reduction in the "Apple tax"? Liu Xingliang, Dean of the DCCI Internet Research Institute, stated that in the short term, Chinese Apple users will hardly feel the difference. Apple is reducing the commission it charges developers, not directly lowering prices for users. However, developers are paying 5% less in the "Apple tax," and if they are willing to share this reduction, some memberships, game top-ups, and digital content may become cheaper in the future. Furthermore, in the long run, its good for the ecosystem. Lower commissions help alleviate tensions between developers and Apple, encouraging more apps and services to operate on the iPhone.March 13th - UK GDP grew 0% month-on-month in January, below the 0.2% increase predicted by economists in a Reuters poll and also lower than the 0.1% increase in December. The UK economy failed to grow in January, giving it a weak start to the year, even before the global energy shock triggered by the Middle East wars. In the third and fourth quarters of last year, the UK economy grew by only 0.1% each year, with businesses and households still grappling with high interest rates, the impact of the US trade war, and uncertainty surrounding potential tax increases in the November budget. The surge in oil and gas prices this month poses further risks to the UK economy. Shortly before the outbreak of the war, the Bank of England had predicted 0.3% growth in the first quarter. David Myers, chief economist at the Office for Budget Responsibility, warned this week that if energy prices remain at current levels, inflation could remain around 3% by the end of the year, rather than decline.March 13th Futures News: On March 13th, the Shanghai Futures Exchanges energy and chemical warehouse receipts and changes are as follows: 1. Pulp futures warehouse receipts: 172,232 tons, an increase of 8,834 tons compared to the previous trading day; 2. Pulp futures mill warehouse receipts: 17,000 tons, unchanged compared to the previous trading day; 3. Offset paper futures warehouse receipts: 0 tons, unchanged compared to the previous trading day; 4. Offset paper futures mill warehouse receipts: 4,160 tons, unchanged compared to the previous trading day; 5. Fuel oil futures warehouse receipts: 0 tons, unchanged compared to the previous trading day. The following figures were unchanged from the previous trading day: 6. Petroleum asphalt futures warehouse receipts totaled 33,160 tons, an increase of 8,520 tons compared to the previous trading day; 7. Petroleum asphalt futures factory warehouse receipts totaled 61,780 tons, unchanged from the previous trading day; 8. Medium-sulfur crude oil futures warehouse receipts totaled 3,511,000 barrels, unchanged from the previous trading day; 9. Low-sulfur fuel oil futures warehouse receipts totaled 25,620 tons, unchanged from the previous trading day; 10. Low-sulfur fuel oil futures factory warehouse receipts totaled 0 tons, unchanged from the previous trading day.March 13 - Algerian authorities, having found a glimmer of hope after the energy price surge triggered by the Russia-Ukraine conflict, are now pinning their hopes on a further rise in oil prices driven by the Iran war. The North African nation of 47 million people has long relied on one of Africas largest oil and gas reserves to pay for subsidies. Since being devastated by the 2014 oil price crash, the country has found it increasingly difficult to cover its budget deficit. Oil prices broke through $100 a barrel on March 9, and despite frequent fluctuations since then, prices have risen by more than 50% due to market concerns that the conflict will hinder Middle Eastern supplies. Independent economic and financial analyst Mahfoud Kaoubi stated that rising prices can only be good for the authorities; if oil prices surge further to the $120-$125 range, the OPEC member will be able to achieve budget balance. Currently, Algerias daily production is approximately 977,000 barrels.

Ahead of preliminary US S&P PMI data, the XAU/USD remains sideways below $2,000, according to our Gold Price Forecast

Alina Haynes

Apr 20, 2023 13:49

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In the early European session, the Gold price (XAU / USD) is exhibiting erratic movements near $1,994.00. The precious metal is in a state of indecision as investors await the release of preliminary S&P PMI data for the United States on Friday.

 

After violent swings influenced by the Federal Reserve's (Fed) Beige Book, the US Dollar Index (DXY) is showing signs of volatility contraction below 102.00. The declining trend of advances to consumer and business loans by U.S. commercial banks has intensified concerns of a recession in the U.S. economy, despite the fact that economic activity in 12 Fed districts remained virtually unchanged. To prevent a decline in asset quality, banks have tightened credit disbursement requirements.

 

In the meantime, S&P futures have recorded sizeable losses during the Asian session, as investors are wary of firms' comments regarding revenue guidance. The market anticipates that constrained credit conditions will impact the working capital management of cash-reliant companies, thereby affecting their output.

 

The market expects preliminary US S&P PMI data to reveal a Manufacturing PMI reading of 49.0, a decrease from the previous reading of 49.9. The Services PMI is anticipated to decrease to 51.5 from 52.6 previously reported.