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China Cuts Loan Rates, Dogs Absorb Stress & Dark Oxygen Found
Jeroen Seghers
July 23, 2024 • Reading Time: 5 minutes
Good morning! It’s Tuesday, and your daily Brief is here to kickstart your day with the top stories you need to know. Let’s dive in and get you up to speed.
Today’s top stories
China slashes one-year and five-year loan prime rates to unprecedented lows.
In a bid to revitalize the struggling economy, the People's Bank of China has slashed its one-year and five-year loan prime rates to unprecedented lows. This comes as a response to disappointing Q2 economic data and aims to combat issues like a housing crisis and high youth unemployment, though analysts warn further measures may be needed.
Reuters + 11 • Global Economy • World News
A University of Bristol study reveals that dogs can catch human stress through scent, impacting their emotional state and decision-making. This discovery underscores the importance of mindful interaction in dog care and training environments. |  |
Northwestern University's Franz Geiger and an international team have discovered "dark oxygen" production in the deep Pacific Ocean through metal-rich nodules. This finding could revolutionize our understanding of oxygen production and has significant implications for deep-sea mining and environmental regulations.
Nature + 24 • Science
A relentless heatwave is fueling wildfires across California, Oregon, and Utah, prompting evacuations and burning thousands of acres. Governor Newsom warns of an intense wildfire season as record-breaking temperatures highlight the urgent need to address climate change.
Yahoo News + 8 • US News
Renault CEO Luca De Meo questions Europe's aggressive EV timeline, emphasizing cost reduction as crucial for meeting 2035 electrification goals. He calls for a flexible transition schedule to align with customer demand amid regulatory uncertainties and market competition.
Reuters + 10 • Electric Vehicles • World News • EU News
Israeli forces launched a major assault in Khan Younis, Gaza, targeting Hamas militants using a humanitarian zone to fire rockets at Israel, resulting in at least 70 deaths and 200 injuries. The strike, which hit over 30 sites, has intensified pressure on Prime Minister Netanyahu to secure hostages' release and end the conflict amid uncertain mediation efforts.
NYTimes + 12 • World News
Canadian AI startup Cohere has reached a $5.5 billion valuation after securing $500 million in Series D funding led by PSP Investments. The firm's focus on customized AI solutions and strong partnerships, including recent deals with Fujitsu and Google Cloud, underscores its growth and global expansion ambitions.
Techcrunch + 5 • AI • Tech
That’s a wrap for today’s Brief. Stay informed and ahead of the curve by visiting Brief on the web for more updates. If you enjoyed today’s edition, share the love and pass it on!
Talk soon,
The Brief Team