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24/7 News

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8/25
01:37
President Lee Jae Myung is scheduled to hold separate meetings this week with Samsung Electronics Chairman Lee Jae-yong and Hyundai Motor Group Executive Chair Chung Euisun. This follows a private dinner on August 20 with SK Group Chairman Chey Tae-won, as his government aims to advance mega projects and turn pledges into concrete initiatives.
01:35
The United States has deployed two carrier strike groups to the Middle East, a move that represents a significant concentration of firepower but limits the availability of aircraft carriers in other regions. Vice Admiral John Miller, former commander of U.S. Naval Forces Central Command, stated that such a deployment comes at a cost.
01:31
The company aims to invest 15 trillion won ($10.8 billion) in research and development through 2035, with about 70% earmarked for future growth sectors, as it transforms into a materials powerhouse. It has also established a new organization directly under the CEO to drive this transformation.
01:27
Tuya Smart (02391.HK/TUYA) released its interim results for 2026 on August 25th. The report showed that total revenue for the first half of the year reached US$174 million, an increase of approximately 12.3% year-on-year; net profit was US$34.4 million, a year-on-year increase of 45.8%. Among these, PaaS (Platform-as-a-Service) business revenue was US$127 million, an increase of approximately 13.5% year-on-year, accounting for over 70% of total revenue. AI application and other revenue reached US$23.2 million, an increase of approximately 10.1% year-on-year. The company continues to strategically deploy AI Agent, AI hardware development tools, and scenario-based applications, and launched Tuya Cobuilder, an AI hardware development workspace, in the second quarter to accelerate the implementation of its AI business.
01:22
Tsingshan Holding Group Co. is considering tripling output at its Zimbabwe steel plant, which began operations in 2024. This expansion could intensify pressure on South Africa’s struggling steel industry, as a substantial portion of Tsingshan’s production is exported to that country.
01:15
The South Korean steelmaker signed a memorandum of understanding with construction management firm HanmiGlobal on Tuesday. The partnership aims to expand the application of fire-resistant and high-strength structural steel in data centers and other advanced industrial facilities, with both companies jointly reviewing its use from the design stage.
01:01
Analysts say that while record cross-border deals helped some loss-making Chinese biotech companies turn profitable in the first half of this year, multinational pharmaceutical companies are signaling plans to tighten their deal budgets. Deals with global partners have replaced initial public offerings (IPOs) and pre-IPO financing as the primary option for Chinese biotech companies to raise capital to advance new drug research and development, clinical development, and regulatory approvals.
00:55
Google's move aims to change the geographical landscape of global tech manufacturing, shifting the production focus away from China and accelerating the expansion of production in countries like Vietnam and India.
00:51
The project, valued at 6 billion euros ($7 billion), was agreed upon during Saudi Crown Prince Mohammed bin Salman's visit to Paris on Monday. It will involve the construction of three theme parks, including one manga-themed park, near Cergy-Pontoise. The initiative is led by Qiddiya, an investment arm of Saudi Arabia's sovereign wealth fund, and is expected to create approximately 22,000 jobs.
00:30
As Australia's earnings season peaks, BHP and Woodside Energy are among the companies performing well, with elevated commodity prices offsetting headwinds. Bloomberg Intelligence also notes that Australian banks are positioned for significant margin expansion and a structural return on equity uplift in fiscal 2027.
00:30
The critical labor shortage in Ukraine's defense industry threatens to derail the pace of innovation, even as frontline troops may need new drone designs within weeks due to the rapid speed of battlefield advancements.
00:28
Long lines have formed in Iran's capital city as officials warn that war and inflation are triggering fuel shortages.
00:27
U.S. Treasury Secretary Scott Bessent has threatened an "economic D-Day" against Iran, which could put the U.S. at odds with its major trading partner, China. Jon Herskovitz of Bloomberg analyzes the likelihood of aggressive U.S. action against Beijing.
00:12
For decades, Switzerland's exporters have focused on adding value, but US tariffs and the strong franc are now hitting them harder.
00:12
António Guterres told the Financial Times that the world risks sliding into confrontation without global institutions that reflect the changing balance of power.
00:11
JPMorgan has shortened the time horizon for SpaceX workers and investors to borrow against their stock holdings, and may extend similar terms to Anthropic, as part of an effort to court new wealth generated by the AI sector.
00:10
PCG Power Chairman Li Wenxuan stated that policy reforms have eroded the profitability of renewable energy but created opportunities in the power trading sector. The company also provides energy storage services and manages power procurement for large industrial users, with plans to achieve a trading volume of 10 billion kilowatt-hours by 2027, enough to meet the annual electricity demand of a small European country.

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