DIRS.INFO The most relevant business & tech news

Workers make charging equipment for new energy vehicles at a workshop of Shandong Dingsheng Electric Equipment in Zaozhuang, east China's Shandong province. China's GDP grew by only 3% last year. On Sunday, the Chinese government is widely expected to announce a GDP growth target of around or above 5% for the year. "This year a likely rebound in the housing market (as well as the exit from its 'zero Covid' policy) will help China's GDP growth to improve," said Societe Generale. The bank is the most optimistic of firms surveyed by CNBC, with a GDP growth forecast of 5.8%.

☆ Putin is sending a warship into the Atlantic armed with new hypersonic cruise missiles
▼ + stars: | 2023-01-04 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

Russia is sending a warship armed with hypersonic missiles on a deployment that will take it into the Atlantic Ocean. Putin has boasted that the new Zircon hypersonic missile is unrivalled. Xinhua/ via Getty ImagesThe Admiral Gorshkov is setting sail armed with Zircon, sometimes spelled Tsirkon, hypersonic missiles — a relatively new weapon in Moscow's arsenal. Speaking Wednesday, Putin said the Zircon missile has "no analogues in any country in the world." Hypersonic missiles are highly maneuverable and fast, and they can fly along unpredictable flight paths, thus creating headaches for traditional air defenses.

☆ Oil prices ease, China Covid spike hurts demand outlook
▼ + stars: | 2022-12-29 | by ( ) www.cnbc.com time to read: +2 min

Oil prices ticked down on Thursday as surging Covid cases in China dimmed hopes of a recovery in fuel demand in the world's second-biggest oil consumer. Brent futures for February delivery fell 42 cents, or 0.5%, to $82.84 a barrel, by 0123 GMT, while U.S. crude fell 50 cents, or 0.6%, to $78.46 per barrel. U.S. crude oil inventories fell less than expected, by about 1.3 million barrels, in the week ended Dec. 23, according to market sources citing American Petroleum Institute figures. Also weighing on prices, pipeline operator TC Energy said it was working to restart the portion of the Keystone pipeline that was forced shut after a leak earlier this month. Germany said the ban has "no practical significance" as the country has been working since spring to replace Russian oil supplies and ensure security of supply.

☆ There's a shortage of truckers, but TuSimple thinks it has a solution: no driver needed
▼ + stars: | 2021-07-14 | by ( Jacopo Prisco | ) edition.cnn.com time to read: +12 min

One solution to the problem is autonomous trucks, and several companies are in a race to be the first to launch one. The journey was completed in 14 hours versus the usual 24 with a human driver, mostly because a truck doesn't need to sleep. Its plans are dependent on state legislation, however, because currently some states do not allow for testing of autonomous trucks on public roads. According to Lu, that's still cheaper than paying for a human driver. But you're saving the cost of a human driver, which based on average US wages is about $80,000 to $120,000 per year -- or 80 cents to $1.20 per mile.

Search resuls for: "East China's Shandong"

4 mentions found