DancingMan/iStock via Getty Images By Min Joo Kang , Senior Economist, South Korea and Japan Government measures helped to absorb price shocks partly South Korea’s consumer price inflation rose 2.2% year-on-year in March (vs. 2.0% in February, 2.3% market consensus). On a monthly basis, prices rose 0.3%, below the market consensus of 0.6%. Rising global oil prices explained most of the increase, t...
DancingMan/iStock via Getty Images By Min Joo Kang , Senior Economist, South Korea and Japan Government measures helped to absorb price shocks partly South Korea’s consumer price inflation rose 2.2% year-on-year in March (vs. 2.0% in February, 2.3% market consensus). On a monthly basis, prices rose 0.3%, below the market consensus of 0.6%. Rising global oil prices explained most of the increase, though the impact was smaller than expected. Government measures such as the fuel price cap and food vouchers helped to reduce the impact on consumers. Transportation prices rose the most, by 5% YoY, compared to the previous month’s 1.1%. But food prices declined to 0.5% from the previous month’s 2.1%. The March figures indicate that the uptick in commodity prices has not yet broadened to other products or services. Excluding food and energy, core inflation edged down to 2.2% (vs. 2.3% in February, 2.1% market consensus). Although today’s inflation increase came in below expectations, we expect the recent rise in energy prices to exert a stronger influence in the months ahead. Fuel costs continued to rise despite the price cap. We also expect currency impacts to feed through to domestic prices in the coming months. Fuel price cap measures helped to limit the gasoline price hike Source: CEIC, Opinet BoK watch Price pressures remain relatively contained due to government support, even as domestic demand is poised to weaken. Thus, the Bank of Korea is expected to keep its policy rate at 2.5% at the April meeting. The BoK will likely take a wait-and-see approach as it evaluates whether external shocks are contained or intensify. It will also consider the impact on growth and financial stability. BoK will take a wait-and-see stance at its April meeting Source: CEIC, ING estimates Content Disclaimer This publication has been prepared by ING solely for information purposes irrespective of a particular user's means, financial situation or investment objectives. The information does ...
Nvidia (NASDAQ: NVDA) announced its next-generation chip platform, Vera Rubin, in January this year, promising major cost reductions for training artificial intelligence (AI) models and running inference applications. Nvidia claims that the Vera Rubin platform can reduce the cost of AI inference by 90% compared to the previous-generation Blackwell platform. Additionally, it can lower the number of...
Nvidia (NASDAQ: NVDA) announced its next-generation chip platform, Vera Rubin, in January this year, promising major cost reductions for training artificial intelligence (AI) models and running inference applications. Nvidia claims that the Vera Rubin platform can reduce the cost of AI inference by 90% compared to the previous-generation Blackwell platform. Additionally, it can lower the number of graphics processing units (GPUs) needed to train AI models by 75%. These major gains explain why customers are probably lining up to purchase Nvidia's Vera Rubin chips. CEO Jensen Huang recently pointed out that Nvidia has a whopping $1 trillion worth of combined orders for its Blackwell and Vera Rubin chips through 2027. That's a major increase when compared to Nvidia's previous guidance of $500 billion in combined orders for both these chip platforms through 2026. So, Nvidia stock could get a major boost when the Rubin chips hit the market in the second half of 2026. Continue reading
China Tests World's Heaviest 7-Ton Cargo Drone With 1,850-Mile Range For Recon Ops Authored by Aamir Khollam via Interesting Engineering , China has pushed further into heavy unmanned aviation with the first flight of the Changying-8 (CY-8), which it claims is the world’s heaviest cargo drone. China's Changying-8 (CY-8) cargo drone. The aircraft combines high payload capacity with short-runway per...
China Tests World's Heaviest 7-Ton Cargo Drone With 1,850-Mile Range For Recon Ops Authored by Aamir Khollam via Interesting Engineering , China has pushed further into heavy unmanned aviation with the first flight of the Changying-8 (CY-8), which it claims is the world’s heaviest cargo drone. China's Changying-8 (CY-8) cargo drone. The aircraft combines high payload capacity with short-runway performance, targeting logistics operations across remote, high-altitude, and island regions. The newly tested Changying-8 (CY-8) blends high payload capacity with short runway performance, signaling a push toward flexible, all-terrain aerial supply systems. The aircraft completed its first test flight on Tuesday in Zhengzhou, located in central China’s Henan province. It lifted off after a short ground run of 280 meters and stayed airborne for about 30 minutes. According to state broadcaster CCTV , engineers used the flight to verify key onboard systems, including avionics, propulsion, and intelligent flight controls. Built for heavy payloads The CY-8 stands out for its size and carrying capability. It reaches a maximum take-off weight of 7 tonnes. The drone itself weighs 3.5 tonnes and can carry an equal load. Its airframe stretches 17 meters long with a wingspan of 25 meters. Engineers designed a fully enclosed cargo bay with a volume of 18 cubic meters. The aircraft includes both front and rear access doors, allowing faster turnaround during loading and unloading operations. CCTV described the platform as an “unmanned aerial heavy truck.” The drone relies on twin turboprop engines and supports short take-off and landing operations. This design allows it to operate on basic runways with limited infrastructure. “This cargo drone is highly adaptable to its environment, uses twin turboprop engines, and has the ability to take off and land on simple runways in high-altitude areas, as well as perform short take-offs and landings,” said Cai Hangqing, chairman of Beijing Northern ...
(RTTNews) - Nissan Group announced total U.S. first quarter sales for 2026 of 247,068 units, a decrease of 7.5% versus the prior year, while retail sales increased 9.6%, supported by a disciplined strategy, increasing sales of U.S.-built vehicles.
(RTTNews) - Nissan Group announced total U.S. first quarter sales for 2026 of 247,068 units, a decrease of 7.5% versus the prior year, while retail sales increased 9.6%, supported by a disciplined strategy, increasing sales of U.S.-built vehicles.
President Donald Trump says the war in Iran is "very close" to completion and that the US plans to launch fresh attacks on the country. Bloomberg's Jill Disis and Joumanna Bercetche report. (Source: Bloomberg)
President Donald Trump says the war in Iran is "very close" to completion and that the US plans to launch fresh attacks on the country. Bloomberg's Jill Disis and Joumanna Bercetche report. (Source: Bloomberg)