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An Indian government order indicates that India is allowing sugar to be imported duty-free.On August 20th, Walmart CEO John Furner stated that he believes artificial intelligence will improve almost all of the companys businesses, making the customer shopping experience better and employees jobs easier. In a conference call with analysts, Furner cited the AI shopping assistant Sparky as a prime example. "The number of customers using Sparky has increased by 70% compared to last year, and customers and members who shop using Sparky spend 40% more per order than non-users," he said. "Recently, someone told me they asked Sparky for a weekly meal plan with high-protein, healthy foods. Within seconds, Sparky shared the recipe and meal set, and could add all the necessary ingredients to the cart with a single click."On August 20th, Morgan Stanley economists stated in a report that while the proportion of jobs lost due to AI in the United States remains small, this trend is becoming increasingly apparent. By June 2026, AI replacement will have an impact of up to 15 basis points on the US unemployment rate, up from 10 basis points in December 2025. The signs of replacement remain most pronounced among younger workers.According to The Information: Anthropics joint venture ODE has acquired artificial intelligence consulting firm Casper Studios.Chai Discovery and Bristol-Myers Squibb have entered into an antibody research and development collaboration agreement, under which Bristol-Myers Squibb will use Chais AI model to support antibody discovery.

WTI stays in positive zone despite a dip in Asia

Jan 10, 2023 14:43

截屏2022-12-29 下午4.54.13_1024x576.png 

 

West Texas Intermediate, or WTI, is down during the Asian session, losing about 0.4% at the time of writing amid optimism that China's demand will increase after the government set new import limitations. However, overnight and at the start of the week, the news provided economic support for its faltering economy, while the US Dollar sank, allowing investors to enter the black gold rise at a lower cost.

 

China has reopened its borders to international visitors for the first time since March 2020, when it implemented travel restrictions. Elsewhere, China has continued to demolish a large portion of its draconian zero-COVID movement regulations. According to the BBC, incoming travelers will no longer be required to be quarantined, marking a dramatic change in the country's Covid policy as it fights an outbreak. They will continue to require documentation of a negative PCR test conducted within 48 hours after flight.

 

As a result, oil prices increased early on Monday in anticipation of an uptick in demand from China, as the nation set new import curbs and offered economic support to its faltering economy. Last observed, spot West Texas Intermediate crude was priced at $ 74.57 per barrel.

 

ANZ Bank analysts explained: "China announced a new batch of import limits, an indication that the world's largest importer is gearing up to meet increased demand."

 

"The relaxation of COVID-19 regulations has already increased travel. According to the Ministry of Transport, approximately 34.7 million domestic journeys were made on the first day of the Spring Festival travel rush. This is around 40% higher than comparable days in 2022. Approximately 2.1 billion trips are anticipated during the next 40 days. This comes amid tightened supply,'' the analysts added.

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