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Tim Cook makes the most direct indication yet that Apple is creating a headset.

Tim Cook, the CEO of Apple, has provided the closest thing to a confirmation that the company is developing a headset.

In a recent interview with China Daily USA, Cook was questioned about what, in his opinion, are the essential elements for augmented reality, or AR, to be successful in the consumer market.

“I am incredibly excited about AR as you might know. And the critical thing to any technology, including AR, is putting humanity at the center of it,” he said, echoing comments he’s made in the past about how important AR is to the company.

MACROECONOMIC DATA ANALYSIS

Yuri Okina, a member of a significant government panel, added to criticism of the Bank of Japan's policy by stating that the BOJ's determination to maintain borrowing costs at extremely low levels is resulting in a "negative spiral" of yen weakness that highlights the need to modify its yield cap policy. In order to stimulate the economy with extremely low-interest rates, BOJ Governor Haruhiko Kuroda has committed to uphold the bank's 0.25 percent restriction on the yield on 10-year Japanese government bonds (JGBs).

After misjudging inflation and securing itself in rigid forward guidance that prevented it from intervening quickly as prices climbed and Canada's economy started to overheat, the Bank of Canada has come under unusual criticism from opponents. One of the top central banks in the world is suddenly being forced to play catch-up, increasing interest rates more quickly than initially anticipated as Canadian household debt levels reach new highs and soar far above those of other G7 countries.

CURRENCIES

The US dollar edged higher in early European trade on Thursday, reversing earlier losses as rising recession fears caused Treasury yields to fall. The dollar index, which measures the currency against six key rivals, rose 0.36% to 104.355.

GOLD

Gold futures traded lower on Thursday morning as investors anticipated aggressive interest rate hikes after US Federal Reserve Chair Jerome Powell stated that the central bank is fully committed to lowering prices. Gold futures dropped 0.32% to $1,832 per ounce.

OIL

Oil prices were down on Thursday, as investors are concerned that tightening monetary policy will cause a recession and reduce fuel demand. Brent futures fell 1.90% to $109.62 per barrel, while WTI futures were down by 1.96% to $104.16 a barrel.

INDICES

USA: S&P500 -0.13%, Dow Jones Industrial Average -0.15%, Nasdaq Composite -0.16%

Europe: FTSE 100 -0.32%, DAX -1.17%, CAC 40 -0.45%

Asia: Nikkei 225 +0.08%, Hang Seng +1.26%, CSI 300 +1.72%, Nifty 50 +0.91%

Newest

Meta and others tech titans create the metaverse standard body

Meta, Microsoft, and other tech titans racing to build the emerging metaverse concept have formed a group to encourage the development of industry standards that will make the companies' nascent digital worlds compatible with one another.

The World Wide Web Consortium (W3C), as well as other well-known standards-setting organizations, are among the participants in the Metaverse Standards Forum, according to a statement released by the group on Tuesday announcing its formation.

Honda China begins Guangdong EV plant project

Honda Motor Co Ltd and Guangzhou Automobile Group Co. have made an initial investment of $3.49 billion yuan ($522 million) in the construction of an electric vehicle factory in the province of Guangdong.

The Japanese manufacturer stated in a statement that it planned to open the factory in 2024. A total of 120,000 units can be produced at the new factory per year.

In China, where competition for battery-powered vehicles is intensifying, the specialized EV plant will assist Honda's "core operation" of EV manufacture.

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