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Technology

  • Business
    Reuters

    Analysis-Global oil markets weaken as sluggish demand leaves overhang

    Global physical crude oil markets are weakening because of soft refinery demand and ample supply, traders and analysts told Reuters, in a move that could spell further weakness for benchmark crude futures. The weakness indicates high interest rates and inflation are depressing consumer and industrial demand, especially in Europe, at a time when supply is rising from non-OPEC producers such as the United States. Demand from refiners is soft, even though their crude intake capacity has increased with the end of springtime maintenance.

  • Business
    Reuters

    Factbox-Main facts about the copper market as prices hit record highs

    Copper surged to record highs on Monday as a recent rally triggered by short covering created momentum for speculators and funds to bet on higher prices of the metal. Below are the main facts about the copper market, sourced from the International Copper Study Group (ICSG), the International Copper Association (ICA), and Reuters data. Copper is used in the power and construction industries and is widely expected to benefit in future from the green energy transition via additional demand from the electric vehicle sector and new applications including data centers for artificial intelligence (AI).

  • Business
    Reuters

    Kirin's electric spoon leaps from Ig Nobel infamy to the dinner table

    Japanese drinks giant Kirin Holdings will start selling an electrified spoon that researchers claim can promote healthier eating by enhancing salty tastes without extra sodium. Monday's product launch marks the first commercialisation of technology that last year won an Ig Nobel Prize, which honours unusual and whimsical research. Kirin will sell just 200 of its Electric Salt Spoons online for 19,800 yen ($127) this month and a limited run at a Japanese retailer in June, but is hoping for 1 million users globally within five years.