SeaPRwire

US stocks drop as more companies report supply chain woes

elean
2 minutes

NEW YORK (AFP) - Wall Street stocks ended lower on Wednesday (Sept 8) on worries over the economic hit from the latest coronavirus wave and as more large companies reported supply chain problems amid the pandemic. A report from the Federal Reserve said economic growth "downshifted slightly" in July and August amid shortages of workers and materials and as the Delta variant caused an uptick in Covid-19 cases. Also Wednesday, John Williams, president of the Fed's New York branch, cautioned in a speech that "a full recovery from the pandemic will take quite some time to complete." The Dow Jones Industrial Average dropped 0.2 per cent to finish trading at 35,031.07. The broad-based S&P 500 slipped 0.1 per cent to close at 4,514.07, while the tech-rich Nasdaq Composite Index fell 0.6 per cent to 15,286.64. More US companies pointed to persistent problems with supply chains that have led to shortages of key materials and pricing pressure. Sherwin-Williams fell 2 per cent after the paint company cut its third-quarter sales forecast due in part to a shortage of some raw materials linked to outages from Hurricane Ida, making it hard for the company to meet strong demand. And homebuilder Pul...

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Morning Briefing: Top stories from The Straits Times on Aug 11

aseanpr
2 minutes

Good morning! Here are our top stories to kick-start your Wednesday, Aug 11. New Covid-19 cases in Singapore fall for fifth day in a row, with 11 in ICU MOH reported 53 local cases, 15 of which are unlinked, and one imported case. READ MORE HERE SIA, Scoot and Changi Airport recognised for Covid-19 safety measures; Changi ends 8-year streak as best airport Singapore Airlines, its budget arm Scoot, and Changi Airport have been recognised for their efforts in facilitating safe international air travel. READ MORE HERE Fire extinguisher bursts, smashes through glass facade of skyscraper's 23rd floor The projectile is believed to have hurtled downwards and ricocheted off the ground floor courtyard, crashing into the glass panels on the first storey of the opposite building. READ MORE HERE More on this topic Related Story ST newsletters: Get alerts on the latest news 35-year-old woman to be charged with murder of her 8-year-old daughter The police will seek a court order to remand the woman for psychiatric assessment. READ MORE HERE New stock of Sinovac's Covid-19 vaccine to arrive in 4 to 6 weeks; all 200k doses here already allocated MOH said it has been helping private healthcare inst...

JCN Newswire
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NEC, ParityQC Collaborate to Develop Highly-scalable, Practical Quantum Computers

ruth
3 minutes

Tokyo, Japan and Innsbruck, Austria, Feb 10, 2021 - (JCN Newswire) - NEC Corporation (TSE: 6701) and ParityQC today announced that they have started collaborating in the field of quantum annealing, a method of quantum computing. NEC will be the first company worldwide(1) implementing the ParityQC architecture for quantum annealing devices. The collaboration entails NEC implementing the ParityQC Architecture(2), ParityQC's new paradigm on how to solve optimization problems on a quantum computer, into its own superconducting parametron quantum devices(3). This will pave the way for highly-scalable, practical quantum annealers capable of solving large-scale combinatorial optimization problems such as financial portfolio optimization and manufacturing planning. NEC aims to develop such quantum annealers for practical use by 2023. The combination of ParityQC's software, which ensures a compact encoding of industry-relevant problems, and the architecture's capabilities allow organizations to benefit by performing larger computations. Realizing quantum devices using the ParityQC architecture provides a path to resolving challenges on the route to practical large scale quantum annealers. N...

JCN Newswire
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Fujitsu Develops New Tech for Quantum-Inspired “Digital Annealer”, Achieving Megabit-class Performance for Large-Scale Combinatorial Optimization Problems

ruth
6 minutes

KAWASAKI, Japan, Nov 9, 2020 - (JCN Newswire) - Fujitsu Laboratories Limited, in collaboration with the University of Toronto, has successfully developed a new parallel search technology to help achieve megabit-class performance for large-scale problems, representing an important technical milestone for its Digital Annealer. Fujitsu's Digital Annealer is a unique computing architecture that rapidly solves combinatorial optimization problems too large and complex for conventional technologies. Figure 1 Real world problems and scale in bitsFigure 2 Outline of the new technologyFigure 3 Outline of the production schedule problem and the results obtainedThe current, second-generation Digital Annealer Cloud Service, available to customers since May 2018, delivers performance at 8,192 bits to offer users a powerful tool for solving optimization problems in fields including logistics, finance, medicine, and manufacturing. As applications in a variety of industries continue to grow, however, a need continues to exist for a technology that can handle problems at an even larger scale in order to solve a broader range of complex, real-world problems. With this challenge in mind, Fujitsu Labor...