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On January 8th, He Xiaopeng of XPeng Motors stated that XPengs second-generation VLA can simultaneously achieve L4 autonomous driving capabilities and Robotaxi driverless functions. He believes that 2026 will mark the true beginning of autonomous driving in both China and the United States. He Xiaopeng argues that XPengs second-generation VLA differs from existing Robotaxi solutions on the market by learning extensively and truly understanding the physical world like a human, making it a superior solution for achieving full-scenario L4 autonomous driving. It is understood that Robotaxi equipped with XPengs second-generation VLA software has passed track testing by a third-party testing organization and will soon begin public road testing.On January 8th, according to The New York Times, in a lengthy conversation with the media outlet, Trump reveled in the success of the Venezuela operation. He said he followed the entire training process, including building a life-size replica of the target building at a military facility in Kentucky. At the outset, he expressed concern that the operation could turn into "a Jimmy Carter disaster," referring to the failed April 24, 1980 operation to rescue 52 American hostages held in Iran. "You didnt see a Jimmy Carter helicopter crash, you didnt see a Biden disaster in Afghanistan, where even the most basic operations couldnt be completed," Trump said. He seemed less focused on planning for Venezuelas future. He declined to specify under what circumstances he would send U.S. ground troops to the country. When asked if the U.S. would send troops if the Venezuelan government blocked his access to oil, he said, "I really dont want to talk about that, but theyve been very respectful to us. Were currently getting along very well with the current administration." Trump also expressed his hope to visit Venezuela in the future.The head of the Bank of Japans Nagoya branch said: "We must be vigilant. As companies become increasingly keen to raise wages and prices, the impact of foreign exchange fluctuations on inflation may be greater than ever before."The head of the Bank of Japans Nagoya branch said: "We are closely monitoring foreign exchange trends, which could have a significant impact on the economy and prices."The head of the Bank of Japans Nagoya branch said that excessive foreign exchange volatility could harm economic growth and make it difficult for businesses to develop business plans.

Oil Prices Continue to Fall in Early Trade

Aria Thomas

Apr 11, 2022 09:33

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The market has been closely following events in China, where authorities have confined Shanghai, a metropolis of 26 million people, to a "zero tolerance" policy for COVID-19. China is the world's largest importer of oil.


The International Energy Agency's (IEA) member states will release 60 million barrels over the next six months, with the US matching that amount as part of the 180 million barrel release announced in March.


The publication might also prevent producers, notably OPEC and US shale producers, from pursuing production increases even at prices around $100 a barrel, ANZ Research analysts said in a report.


However, the OPEC+ group of oil exporting countries has shown no sign of increasing its production objectives beyond the 400,000 barrels per day added monthly as part of the reinstatement of supply limits.


The IEA release would provide around 2 million barrels per day of supply for the next two months – plus an additional 1 million barrels per day from the United States for the next four months. It is unknown if this will compensate for the shortage of Russian oil after that country's invasion of Ukraine.


Russia's oil and gas condensate output declined to 10.52 million barrels per day (bpd) in April from an average of 11.01 million bpd in March.

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