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Caterpillar Teams Up with FieldAI to Bring Autonomous Robots and Digital Twins to Industrial Jobsites

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‼️ 🚜 Caterpillar (CAT) has partnered with FieldAI to deploy AI, robotics and digital twin technology across industrial jobsites and manufacturing facilities, combining Caterpillar’s operational data and engineering expertise with FieldAI’s robot-agnostic autonomy software and foundation models. Early use cases include autonomous inspections, real-time facility digital twins, situational awareness tools and operational optimization via simulation and automation, built on Nvidia accelerated computing and Nvidia Omniverse to create high-fidelity digital twins from operational data.

BofA Raises UK Inflation Peak to 3.5%, Pushes First Rate Cut to Nov 2027

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‼️ 🇬🇧 BofA Securities trimmed its 2027 UK growth forecast by 10 basis points to 1.2% on higher energy prices and Autumn Budget uncertainty, while lifting 2026 growth by 10 basis points to 1.2% after a stronger first half and leaving 2028 at 1.5%, with upside risks from resilient sentiment, August PMI beats led by services, and potential limited fiscal loosening that avoids a sharp tightening in financial conditions. Inflation expectations were pushed up, with Q4 2026 headline inflation now seen at 3.4% (up 20bp) and 2027 at 2.6% (up 30bp) due to higher oil and gas prices, while core inflation was raised modestly to 2.8% in 2026 (unchanged) and 2.3% in 2027 (up 10bp), and headline inflation is now expected to peak at 3.5% in November 2026 and stay above 3% until Q2 2027. The Bank of England rate call was kept on hold through 2026 with a single 25bp cut to 3.5% in November 2027, though BofA flagged the higher inflation path makes the outlook a “close call,” with September hikes unlikely but November, December and February still live. Meanwhile, the labour market is softening—unemployment at 4.9%, payrolls and vacancies falling—with the unemployment rate expected to peak near 5.2% mid‑2027.

Bessent Isolates China at G20: ‘Incumbent’ on Beijing to Fix Surplus, Solve Iran

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‼️ 🇨🇳 Treasury Secretary Scott Bessent said China was the sole dissenter from his G20 chairman’s statement targeting “non-market based economies pushing out a never-ending stream of cheap exports,” noting China holds the world’s largest and most unsustainable current account surplus, and added that it’s “incumbent upon China to work toward a solution” on Iran.