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August 22 – According to the Iranian news agency IRNA, Iranian Armed Forces spokesman Akraminia stated: “The geopolitical awakening of the Iranian people is one of the achievements of the recent war, which has made the world more clearly see the sinister nature of the enemy, and the signs of American decline have become more apparent. The United States no longer has international prestige. Iran’s military strategy has shifted from defensive to offensive; any act of aggression will be met with an immediate response, and the scale of the response may well exceed the scale of the aggression itself. We have also seen Saudi Arabia, Turkey, and Pakistan establish a defensive security mechanism independent of the United States. Regardless of how effective this security mechanism may be in the future, as it stands, it demonstrates the decline of the United States’ position in the region and is the first defensive security mechanism in the region without US participation.”August 22 – The 35th International Joint Conference on Artificial Intelligence (ICAI) and the European Conference on Artificial Intelligence (ECAI) concluded on August 21 in Bremen, Germany. Several international experts attending the conference stated that Chinas artificial intelligence has made rapid progress in various fields of research and industrial application in recent years, with areas such as robotics and large language models reaching global leadership. Judging from the paper submissions and research topics at this conference, Chinese research teams have shown significant participation in many sub-fields of artificial intelligence. Professor Calvanese of the Free University of Bolzano, Italy, who was responsible for the conferences academic agenda and paper review, noted that China received the most submissions at this conference, with extensive participation in areas such as machine learning, computer vision, and robotics.On August 22nd, Xiongan New Area held its 2026 100-Day, 10-Million-Job Recruitment Campaign and a special job fair for relocation services. The event focused on core needs such as the relocation and development of businesses and the employment of their accompanying family members, precisely establishing a service platform to address the housing concerns of relocated personnel and promote talent attraction and high-quality development in the New Area. This event extended employment services to neighborhood centers, creating a "doorstep" job-seeking platform. Focusing on key industries and relocation support services in the New Area, it organized over 30 employers, including Sinochem Digital Technology, China Datang Digital Technology, and China Xiongan Group, to recruit talent offline, offering over 600 job openings to meet diverse employment needs. On-site activities included skills demonstrations, job search guidance, and introductions to supporting living services in the New Area.Ontario Premier: Fully supports Carneys tariff retaliation plan.Ontario Premier: Everything must be put on the negotiating table in the trade war.

Oil Prices Rise As China Relaxes COVID Controls And Supplies Tighten

Charlie Brooks

Jun 07, 2022 11:04

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China's easing of COVID restrictions and skepticism over the efficacy of a higher production goal by OPEC+ countries contributed to a slight increase in oil prices on Tuesday.


Brent oil futures were up 19 cents, or 0.2 percent , at $119.70 a barrel at 0050 GMT.


Futures for U.S. West Texas Intermediate (WTI) oil increased 25 cents, or 0.2%, to $118.75 a barrel. Monday saw the index reach a three-month high of $120.99.


In the following weeks, researchers at ANZ Research anticipate that easing travel restrictions in China would increase oil consumption.


Beijing and the business capital Shanghai have returned to normal in recent days after two months of harsh lockdowns to prevent the spread of the Omicron strain. In the majority of Beijing on Monday, traffic restrictions were eased and restaurants opened for dine-in service.


Saudi Arabia, the world's largest oil exporter, increased the official selling price (OSP) for its flagship Arab light crude to Asia by $2.10 from June to a $6.50 premium over Oman/Dubai quotes in July, just below the all-time high recorded in May, when prices reached an all-time high due to fears of disruptions in Russian supplies.


The Organization of Petroleum Exporting Countries and its partners, collectively referred to as OPEC+, voted last week to increase production for July and August by 648,000 barrels per day, or 50 percent more than had been originally anticipated.


All OPEC+ members contributed to the enhanced objective. Nonetheless, several countries, particularly Russia, which faces Western sanctions, have little space to increase production.


"While the new higher monthly objectives continue to be driven by proportionate contributions from all members (including Russia), it is implausible to anticipate an increase close to the headline level," said SPI Asset Management managing partner Stephen Innes in a note.


According to a preliminary Reuters poll released on Monday, crude oil stocks in the United States likely declined last week, but gasoline and distillate stockpiles likely rose.


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