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Intel (INTC.O) announced on Thursday, April 17th, that it has hired Shawn Han, a veteran of Samsungs foundry business, to bolster its foundry operations. The company stated that Shawn Han has over 10 years of experience in commercial wafer foundry, having worked on chip manufacturing processes since 1996. Under the leadership of CEO Li-Wu Chen, Intel is seeking to revitalize its manufacturing business after years of operational challenges. Intels foundry division is working to secure major customers for its next-generation 14A process technology.On April 17th, a memo revealed that the U.S. government is preparing to provide a version of Mythos, an artificial intelligence model developed by Anthropic, to major federal agencies, with enhanced security measures in place, to address concerns that the tool could significantly increase cybersecurity risks. In an email sent Tuesday to cabinet departments, White House Office of Management and Budget (OMB) Federal Chief Information Officer Barbasilia stated that the OMB is establishing safeguards to enable agencies to begin using this highly restricted AI tool in the future. The email did not specify whether agencies would have access to Mythos, nor did it provide a specific timeline or usage method. It only informed heads of technology and cybersecurity departments that more information was expected "in the coming weeks." Currently, Anthropic has only made Mythos available to a limited number of technology companies and financial institutions, encouraging them to use it to assess their own cybersecurity risks. Due to concerns that hackers could exploit the models capabilities to steal data or compromise systems, the company has strictly limited its distribution.On April 17th, US President Trump stated that he expects a deal with Iran to be announced soon, claiming it would bring the US "free oil" and a "free Strait of Hormuz." When asked about the economy and oil prices, Trump said that current oil prices are lower than previously expected. He said, "If you look at the price of oil and the price were paying, its about half of what people were originally expecting, provided you do what I have to do." He added, "I think the negotiations are going very well right now, and if its done, it will be announced very soon, which will give us free oil and a free Strait of Hormuz. Everything will be great, and I think oil prices will be even lower than before."According to Futures News on April 17, as of the close of trading at 2:30 PM, the main Shanghai Gold futures contract fell 0.57%, the main Shanghai Silver futures contract fell 1.41%, and the main SC crude oil futures contract rose 1.28%.April 17th - As of 2:30 PM closing, the Shanghai Gold futures contract fell 0.57% to 1054 yuan/gram, the Shanghai Silver futures contract fell 1.41% to 19524 yuan/kilogram, and the SC Crude Oil futures contract rose 1.28% to 639 yuan/barrel.

The conclusion of the Argentine truckers' strike increases grain shipments

Charlie Brooks

Jul 01, 2022 11:36


The Argentine truckers' strike ended on Thursday, when several unions incensed by fuel shortages reached an agreement to terminate the one-week protest near the vital port of Rosario, which is expected to assist future grain exports.


The truck driver's protest over high gasoline prices has halted shipments of corn and other goods, just as the bulk of the harvest was making its way to ports for export to worldwide markets.


Due to the exclusion of a few tiny truckers groups from the deal, however, it is possible that certain protests may continue.


Argentina is the second-largest exporter of maize, the top exporter of processed soy oil and meal, and a major supplier of wheat and beef.


One of the unions, Autoconvocados Unidos, issued the following statement: "Despite our dissatisfaction (with the latest settlement of truck freight rates) and in light of the present crisis in our country, we have chosen to halt the strike."


The union described their action as an act of kindness.


The number of trucks entering ports surged by 70 percent on Thursday compared to the previous day, reaching approximately 1,500 vehicles, as reported by the Rosario grains market.


The Rosario ports are the departure point for 80 percent of Argentina's agricultural exports, the vast majority of which are transported by truck.


The ability of trucks to access the port is returning to normal, according to the manager of the country's marine port chamber, Guillermo Wade.


Additionally on Wednesday, the transport ministry secured a deal with non-striking agricultural and transport groups to hike grain freight charges by 25%.


However, the majority of protesting unions, led by the UNTRA truckers' union, felt the rate increase insufficient and chose to dismantle highway blockades.


The head of the UNTRA, Carlos Geneiro, said, "We have far greater expenses than that."