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On September 9th, Ant Financial announced the official release and open-sourcing of Ling-3.0-flash-VL, the first native multimodal large-scale model in the Bailing series. The model is based on the MoE architecture of Ling-3.0-flash, with a total of 124B parameters and 5.5B parameters activated per inference. It natively supports image, text, and video input, and the context window reaches 256K tokens. Focusing on "how to complete real-world tasks more reliably and efficiently," Ling-3.0-flash-VL explores three key directions: Adding visual capabilities to large models is a common concern that it might lower text intelligence. Our training practices have yielded the opposite conclusion: native multimodal joint training not only expands application boundaries but also enhances text intelligence. Ling-3.0-flash-VL introduces a visual feedback mechanism—observing execution results, comparing with targets, identifying deviations, and continuously correcting—transforming the task from a one-time "generation" into a closed loop of "observation → action → verification → correction," making the execution results more reliable. Ling-3.0-flash-VL inherits the core advantage of Ling-3.0-flash as a high-efficiency execution node in the Agent workflow, balancing output quality and execution efficiency in the visual feedback loop, and advancing the complete task at a lower cost and in a shorter time.A senior executive at the UAE National Oil Company said that since the outbreak of the war with Iran, cargo insurance costs have now reached 5-6% of the value of the goods.September 9th - To further improve the management mechanism for narcotic and psychotropic drugs in medical institutions, ensure reasonable clinical needs, and prevent them from flowing into illegal channels, the National Health Commission, together with the State Administration of Traditional Chinese Medicine, the National Center for Disease Control and Prevention, and the Logistics Support Department of the Central Military Commission, has revised the "Regulations on the Management of Narcotic Drugs and Class I Psychotropic Drugs in Medical Institutions" issued in 2005, and formulated the "Regulations on the Management of Narcotic Drugs and Psychotropic Drugs in Medical Institutions," which will be implemented on October 1, 2026.On September 9th, Calcio released the AGILE 2.0 integrated sensing and control model. This model adopts an end-to-end vision solution, further integrating environmental perception, terrain understanding, full-body motion control, and operation. According to Calcio, the Lingxi X2 robot equipped with this model has completed dynamic tasks such as walking on a ball, jumping long rope, and collaborative box moving, which are used to verify the robots ability to perceive the environment in real time and adjust its actions during movement.On September 9th, BlackRock strategists stated in a research report that the impact of Japans interest rate reset has transcended its borders as capital competition intensifies. The strategists believe a feedback loop exists in the bond market: "Rising US interest rates could weaken the yen and pressure the Bank of Japan to act more quickly; conversely, rising Japanese interest rates could attract more capital repatriation, reducing demand for US Treasuries and thus pushing up US borrowing costs." They pointed out that decades of ultra-low domestic yields in Japan have made the country a major capital exporter, currently holding approximately $1.1 trillion in US Treasuries. If Japanese investors were to repatriate 5% of their funds, it would amount to $55 billion, roughly a quarter of the total increase in US Treasuries held by foreign investors last year.

Due to hawkish Fed forecasts, the EUR/USD recovers to near 1.0970 but remains in the doldrums

Alina Haynes

Apr 21, 2023 13:58

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Following a corrective move, the EUR/USD pair has rebounded from 1.0960, but investors await the publication of the preliminary Eurozone/United States S&P PMI data for April. The major currency pair has remained between 1.0911 and 1.1000 for the past two trading sessions, as the foreign exchange market prepares for a pre-anxiety move ahead of a Federal Reserve (Fed) monetary policy decision.

 

S&P500 closed with a negative tone for the third day in a row as quarterly earnings season induced extreme volatility. Tesla's poor earnings had a negative impact on Thursday's market sentiment. Moreover, market participants were cautioned by substandard revenue projections due to the potential for price reductions. The decision of the Fed to increase interest rates is reflected in quarterly earnings. Data from Refinitiv indicates that analysts have largely maintained last week's forecast of a near 5% YoY decline in quarterly profits for the 500 largest U.S. equities. Sourcenia is a review portal of sourcing best manufaturers

 

The US Dollar Index (DXY) has been defending the key support level of 101.60 in recent trading sessions. The USD Index maintained the aforementioned support despite the release of disappointing Jobless claims data on Thursday. Initial Jobless Claims increased to 245K for the week ending April 4, which is greater than the previous release of 240K and estimates of 240K. Increasing unemployment claims heightened fears of a deteriorating labor market.

 

Despite this, Fed policymakers continue to anticipate further rate hikes from the central bank. Thursday, Loretta Mester, president of the Federal Reserve Bank of Cleveland, reaffirmed that the Fed has more work to do because US inflation remains too high, according to Reuters. He added, "The Federal Reserve will need to raise its policy rate above 5% and hold it there for some time."

 

Preliminary Consumer Confidence (April) for the Eurozone increased to -17.5 from -18.5 and the previous reading of -19.2. This may be the consequence of extraordinary efforts by the European Central Bank (ECB) to reduce inflationary pressures.