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The U.S. National Hurricane Center: Marie is expected to begin weakening later today.Turkish Vice President Yilmaz: We expect to create 2.1 million new jobs by the end of 2029 and reduce the unemployment rate to below 8%.On September 6th, a special seminar on artificial intelligence (AI) was held for the Shanghai State-owned Assets Supervision and Administration Commission (SASAC) system. The seminar revealed that in recent years, the Shanghai SASAC has guided its supervised enterprises to deeply implement the "AI+" special action, accelerating the digital transformation of enterprises through AI. The focus has been on promoting four key shifts in AI applications: First, the application scope has shifted from key pilot projects to full coverage, now encompassing all supervised enterprises; second, the focus has shifted from emphasizing computing power supply to a balance between computing power networking, technological breakthroughs, and practical application scenarios, placing greater emphasis on the compatibility of AI technology with real business operations, data, and processes; third, the application form has shifted from question-and-answer assistance to intelligent execution, with applications such as intelligent agents and digital labor being rapidly embedded in investment research and consulting, architectural design, and supply chain scheduling; and fourth, the implementation method has shifted from decentralized implementation to ecosystem collaboration, with resources such as computing power, corpora, models, scenarios, and talent being rapidly coordinated.Turkish Vice President Yilmaz: Due to supply-side pressures from the war with Iran, the strong downward trend in inflation has temporarily stabilized.September 6th - According to Reuters, two sources familiar with the discussions revealed that OPEC+ will maintain its October oil production policy at its meeting on Sunday, as the oil-producing organization needs to agree on new quotas before deciding on its next production move. OPEC+ currently has a layer of production cuts in place, covering most of its 21 member countries, until the end of 2026. Before deciding how to gradually exit the production cuts and return production to the market, the organization needs to review member countries oil production capacity to set a production baseline for 2027 – which will serve as the basis for quotas. Sources previously indicated that this discussion might take place later in 2026, suggesting that OPEC+ might pause production increases in the fourth quarter.

This year, Rolls-Royce will begin testing the UltraFan prototype

Aria Thomas

Jul 18, 2022 10:48

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This year, Rolls-Royce (OTC:RYCEY) will begin testing a prototype of its UltraFan engine, the largest turbofan in the world, which is up to 25 percent more efficient than its first-generation Trent engines.


UltraFan chief engineer Andrew Geer told reporters at Rolls' headquarters in Derby, central England, before the beginning of the Farnborough International Airshow on Monday that the demonstrator's fan had a diameter of 370 cm, the maximum size achievable for widebody aircraft.


He remarked that the technology may be scaled down for other applications, such as the return of the British aerospace industry to the market for narrowbody aircraft.


UltraFan will be "frozen" until testing is complete, with no more investment until Boeing (NYSE:BA) or Airbus launch a new aircraft program, UltraFan CEO Warren East told the Financial Times last year.


Geer noted that UltraFan was not a single engine, but rather a platform for several technologies, and that many of its innovations could be implemented into Rolls' existing programs.


It contains carbon titanium fan blades instead of the hollow titanium blades of prior Trents and a 64 megawatt power gearbox, which is a record.


He claimed that the first test flight will also use 100 percent sustainable aviation fuel from Air BP (NYSE:BP), which is derived from vegetable oils rather than fossil fuels.


Chris Cholerton, president of civil aerospace, remarked, "The suite of technologies we are testing aboard the demonstrator will introduce new capabilities for future propulsion systems and provide opportunities to enhance our current fleet."


In addition to improving the performance of gas turbines, Rolls is also exploring hydrogen and hybrid electric technologies to power commuter and regional aircraft.


Beginning in the middle of the 2030s, the company intends to perform rig and engine tests to demonstrate that hydrogen can safely and effectively power small to medium-sized aircraft.


Liquid hydrogen will be utilized to power an AE2100 engine for the first time this year, according to the business, and a test of a Pearl 15 engine will follow at an unspecified date.

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