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On March 18, Jia Peng, head of autonomous driving technology research and development at Ideal Auto, delivered a keynote speech at NVIDIA GTC 2025, announcing the development progress of the next-generation autonomous driving technology Mind VLA. Jia Peng said that Ideals self-developed VLA model, Mind VLA, will transform cars from simple transportation tools into caring full-time drivers that can understand, see, and find. "We hope that Mind VLA can give cars human-like cognitive and adaptive capabilities, turning them into intelligent entities that can think."On March 18, according to the Palestinian Holy City News Network, the Gaza Strip Media Office stated that the Israeli air strikes on the Gaza Strip killed more than 200 people. The Israel Defense Forces issued a statement today saying that the Israeli army launched a large-scale air strike on the Palestinian Islamic Resistance Movement (Hamas) targets in the Gaza Strip that day.On March 18, Mexicos richest man Carlos Slim and American technology tycoon Musk recently fell out, which is estimated to have caused Musks Starlink to lose $7 billion. Slims Mexicos America Movil previously announced the end of its partnership with Starlink and canceled all business dealings. It will also invest $22 billion in the next three years to improve the telecommunications services provided by the company. It is reported that this seems to be related to Musks forwarding of a post. Recently, there was a popular post on social media X stating: "It is well known that he (Slim) has close ties with Mexican drug lords. In Mexico, if you dont join the controlled network, you cant become a billionaire." Although the content of the post has not been fact-checked, Musk not only forwarded it, but also attached an emoji representing a detective wearing a monocle, which sparked reverie.March 18, US President Trump announced on the 17th that he will nominate airline executive Brian Bedford as the director of the Federal Aviation Administration. The nomination needs to be approved by the Senate. Trump posted on the social media platform "Real Social" that Bedford has served as president and CEO of several airlines and has more than 30 years of aviation and senior leadership experience.Japanese semiconductor stocks rose, with SOCIONEXT up nearly 5%, Renesas Electronics up more than 4%, and ADVANTEST up more than 3%.

The price of oil decreases, taking a pause from a sharp surge

Charlie Brooks

Jul 19, 2022 10:30

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Oil prices declined on Tuesday, taking a breather after rising more than $5 a barrel in the previous session, as a weakening dollar boosted buying excitement and investors speculated that the U.S. Federal Reserve may not hike interest rates as anticipated.


Brent oil futures for September delivery fell 69 cents to $105.58 per barrel at 00:36 GMT. The 5.1% increase on Monday was the greatest percentage gain since April 12.


WTI oil futures for August delivery fell 65 cents to $101.95 per barrel. On Monday, the contract jumped by 5.1%, the largest percentage gain since May 11.


The WTI August contract expires on Wednesday, while the more actively traded September future fell 63 cents to $98.79 a barrel.


Both benchmarks had weekly declines of more than 5 percent last week.


As Western sanctions on Russian crude and gasoline supplies impeded trade flows to refiners and end-users, oil prices oscillated between supply anxieties and rising concern that central bank measures to tame surging inflation may cause a recession that would diminish future fuel demand.


This week, two Federal Reserve officials stated that the central bank is unlikely to raise interest rates by more than 75 basis points at its July 26-27 meeting.


A drop in the rate of growth might result in a less severe economic recession, hence reducing fuel use.

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