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9/17
01:42
Ssangyong E&C wins record $2.15 billion Singapore hospital contract
Ssangyong Engineering & Construction announced Thursday it has secured a contract worth $2.15 billion from Singapore's Ministry of Health to build the Tengah General and Community Hospital. This marks the Korean builder's largest single-project contract on record, exceeding its entire annual revenue of $1.3 billion last year.
01:42
South Korean retailer Daiso's annual sales are nearing 5 trillion Korean won ($3.7 billion), driven by K-beauty products and popularity among foreign tourists.
Sales at this South Korean discount retailer are being boosted by an influx of foreign tourists, who are primarily purchasing affordable K-beauty products and souvenirs. A tourist from India stated that her friends recommended Daiso to her, and she appreciates the affordable prices of the goods there.
01:23
Argentinian judge orders suspension of British-Israeli oil project near Falkland Islands
The interim ruling, issued by a court in Argentina’s Tierra del Fuego province, is a symbolic move amid Argentina's escalating claim over the British-administered territory. The judge ordered Britain’s Rockhopper Exploration and Israel’s Navitas Petroleum to halt drilling and extraction activities at the Sea Lion oilfield until an environmental impact assessment is conducted. Argentina's President Javier Milei's administration has also taken legal action, arguing the project violates a United Nations resolution calling for both sides to desist from unilateral actions in the islands until their dispute is resolved.
01:15
BBC: Russia's parliamentary elections, set for this weekend, hold significance for the Kremlin despite predictable outcomes
The Kremlin views the elections for 450 Duma deputies as crucial for asserting public support for President Putin and the ongoing conflict in Ukraine. It also serves to promote the political careers of military veterans, with nearly 200 reportedly participating. Critics, however, dismiss the vote as neither free nor fair, citing the exclusion of anti-war parties like Yabloko and the detention of its candidates, who have been prosecuted for alleged extremism.
01:08
USD/KRW is up 0.72% intraday, currently trading at 1,381.5800.
01:06
Russia to hold parliamentary election this weekend, with ruling United Russia party expected to cement dominance
The tightly controlled vote, taking place from Friday to Sunday, is widely expected to shore up the United Russia party's dominance in the 450-seat State Duma. External observers will focus on voter turnout and the margin of victory for signs of public discontent, as the party's approval ratings have slumped to a four-year low amid a nationwide fuel crisis and Ukrainian drone strikes. Analysts note the elected parliament will sit through to the 2030 presidential election, potentially playing a major role in any political transformation.
01:04
Hong Kong to Adjust Listing Rules to Support IPOs of Mainland Chinese Rocket and Satellite Companies
Hong Kong aims to adjust its listing rules to attract initial public offerings (IPOs) from mainland Chinese aerospace companies, a move designed to capitalize on the space sector's growth opportunities led by SpaceX. This could intensify competition between the Hong Kong Stock Exchange and the Shanghai Stock Exchange, with the latter currently attracting most such listing applications.
01:02
South Korean crypto exchange Upbit announced its customer service center operating hours during the Chuseok holiday (September 24-25).
01:01
Iceland-based Treble raises $18 million for its voice simulation platform
The Series A extension round was led by Paladin Capital Group, with participation from existing investors KOMPAS VC, Frumtak Ventures, EIC, and Omega ehf. This brings Treble's total funding to over $40 million, including a $12 million investment in 2024. The company, which counts Amazon and Logitech among its customers, provides a platform for voice AI model developers, AI wearable, and robotics companies, offering services like synthetic data generation for speech enhancement, noise suppression, and model training, as well as evaluating voice AI models in various conditions.
00:57
Trump Threatens to End Trade with Mexico, Europe, and Canada After Federal Reserve Rate Hike
Previously, US President Donald Trump attempted to pressure the Federal Reserve to cut interest rates, but the Federal Reserve unanimously voted to raise them. In response, Donald Trump is now threatening to end trade with countries that have a trade deficit with the US, including Canada, Mexico, and the European Union.
00:56
Industry experts suggest AI regulation in the US does not have to hinder innovation, as Washington debates how to maintain its lead over China
As Washington debates how to regulate AI without falling behind China, industry experts state that governance doesn’t have to mean hitting the brakes. Al Jazeera's 'This is America' explores whether rules managing AI’s risks can also give American companies room to innovate.
00:56
Elham Credit Partners Hires Former BlackRock Executive Stephen Allan to Pursue Australian Private Credit Opportunities
Elham Credit Partners has hired Stephen Allan, a former BlackRock Inc. executive, to pursue private credit opportunities in Australia, according to people familiar with the matter.
00:50
Zcash Jumps 23% as Bitcoin and Major Tokens Rise, With Paradigm Co-founder Matt Huang Discussing its Privacy Role After Fed's First Hike Since 2023
Privacy token Zcash (ZEC) surged 23% to trade near $1,369 over the past 24 hours, while Bitcoin (BTC) edged up less than 1% to about $76,258 and Solana (SOL) gained nearly 3%. The broader crypto rebound followed the Federal Reserve's first interest-rate increase since 2023, raising its benchmark rate by a quarter percentage point to a range of 3.75% to 4%. ZEC's surge coincided with comments from Matt Huang, co-founder of prominent crypto investment firm Paradigm, who discussed Zcash's role as a privacy complement to Bitcoin and disclosed his firm's ownership of ZEC.
00:48
Musk retweeted the NASA Administrator's post, reiterating that the Moon is the next starting point, and that lunar resources will be used to build a lunar base and prepare for Mars missions.
00:45
Singapore's exports surged 46.2% in August, marking their strongest growth in 38 years.
Continued strong global demand for AI-related products has provided a robust boost to Singapore's electronics industry, with electronics exports surging by 131.8% year-on-year.
00:31
Hong Kong Property Stocks Fall After City Follows Fed Rate Hike, Fueling Concerns That Higher Borrowing Costs May Derail Housing Market Recovery
00:29
Chinese tech giant Huawei on Thursday unveiled 11 AI-related chips, aiming to challenge the market dominance of NVIDIA, Intel, and AMD.
Huawei's latest chip release includes next-generation AI accelerators, CPUs, and high-speed interconnect chips, aiming to compete with NVIDIA in the artificial intelligence computing infrastructure sector.
00:25
Goldman Sachs now forecasts a 25 basis point Fed hike in October, a 180-degree pivot from its earlier call for a September hike followed by a pause.
Goldman Sachs now expects the Federal Reserve to raise its benchmark interest rate again in October, a 180-degree pivot from its earlier call for a September hike followed by a pause. The shift comes after the Fed on Wednesday lifted rates by 25 basis points to a 3.75%–4.00% target range. The central bank’s updated rate projections revealed a strong majority of policymakers expecting at least one more increase this year, and Fed Chair Kevin Warsh struck a hawkish tone at the post-meeting press conference.
00:24
EU asks China to voluntarily limit hybrid car exports to around 15% of the EU market
00:24
Berlin opposes Canada's fast track to EU 'associate membership', warning Ottawa risks angering other partners
Berlin is opposing Canada's fast track to EU 'associate membership', with officials warning that Ottawa risks angering other partners. This comes as Canadian Prime Minister Mark Carney seeks closer ties with Europe.
00:23
DeepMind offshoot Emulate nears $4bn valuation a month after founding, close to raising $700mn
Researchers leaving the Big Tech group's London lab are behind the new start-up Emulate.
00:22
Xi Jinping issued important instructions on the development of advanced manufacturing, emphasizing the continuous expansion and strengthening of the sector; Li Qiang deployed at the National Advanced Manufacturing Conference, taking new-generation intelligent manufacturing as the main direction of attack.
Xi Jinping, General Secretary of the Communist Party of China (CPC) Central Committee, Chinese President, and Chairman of the Central Military Commission, recently issued important instructions on developing advanced manufacturing. He emphasized the need to be guided by Socialism with Chinese Characteristics for a New Era, continuously expand and strengthen advanced manufacturing, enhance the self-reliance and controllability of industrial chains, accelerate the construction of a modern industrial system with advanced manufacturing as its backbone, and provide strong support for advancing Chinese modernization. The National Advanced Manufacturing Conference was held in Beijing from September 16 to 17, where Xi Jinping's important instructions were conveyed. Premier Li Qiang attended the conference and delivered a speech, pointing out that it is necessary to conform to the trend of the new round of scientific and technological revolution and industrial transformation, take new-generation intelligent manufacturing as the main direction, focus on key areas with comprehensive policies and precise efforts, and continuously enhance the innovation, competitiveness, and overall strength of advanced manufacturing.
00:22
GPU cloud service provider Nebius announced a comprehensive price increase for its GPU cloud services, effective October 1st, with an average increase of approximately 20%.
This marks Nebius' second price hike since May this year, covering multiple chip models including H100, H200, B200, and B300. The price per GPU hour for H100 increased from $3.85 to $4.50, a rise of approximately 16.9%; H200 went from $4.50 to $5.40, a 20% increase. The market interprets this as a strong signal of continued overheating demand for AI computing power and persistent supply tightness. This comes as NVIDIA released strong quarterly earnings on Wednesday, driving its stock up nearly 7% in after-hours trading, with Coreweave extending gains by nearly 4%, and the optical communications sector generally strengthening, with AAOI and Credo Technology up nearly 3%. Nebius management revealed that customers have already booked computing power for Q1 and Q2 2028, with demand visibility now exceeding 24 months.
00:21
JPMorgan Chase Global Macro Conference Minutes: Geopolitical Risk Premium Expected to Persist Until 2027, Brent Crude Average Price Potentially Reaching $87/barrel in 2027
JPMorgan Chase's Strategic Research Department's meeting minutes indicate that geopolitical risk premiums are underestimated and are expected to persist until at least 2027. The commodities strategy team estimates that under a "permanent conflict" scenario, the average price of Brent crude oil could reach $87/barrel in 2027, significantly higher than the $64/barrel in the baseline scenario, with high oil prices potentially extending into the first half of 2027.
00:21
JPMorgan Chase Global Macro Conference Minutes: Expect "simultaneous rise" in equity and bond yields, S&P 500 year-end target set at 8,000 points
JPMorgan Chase's Strategic Research Department's meeting minutes indicated that one of the core signals from the conference was the potential for both equities and U.S. Treasury yields to rise simultaneously. JPMorgan Chase equity strategists set an S&P 500 year-end target of 8,000 points, believing that AI-driven capital expenditures and resilient earnings provide core support, and valuations have not yet reached extreme levels. The report also pointed out that rising long-term yields are a global structural trend, with fiscal deficits, Treasury issuance volume, and term premiums being the core drivers, and the total U.S. debt has reached $40 trillion.
00:00
China's AI film and television industry is accelerating towards industrialization: the Golden Rooster and Hundred Flowers Film Festival has established an independent AI film exhibition, and AIGC long-form content has landed in prime time on Hunan TV.
The China Golden Rooster and Hundred Flowers Film Festival launched its first independent AI Film Exhibition brand on September 14, announcing submission rules for AI works. Requirements include AI-generated footage accounting for no less than 50% of the film, with feature films having a minimum length of 60 minutes. Concurrently, AIGC long-form content has entered traditional broadcasting channels, such as "Journey to the West: The Aftermath," which premiered in a prime-time slot on Hunan TV two weeks ago. Furthermore, the Beijing International Film Festival, Shanghai International Film Festival, and Hundred Flowers Awards have established AIGC-related sections. Platforms like Tencent Video, Youku, and iQIYI have also introduced AIGC content incentive programs. Leading film companies such as Daylight Entertainment and Yaoke Media have begun recruiting for "AI Producer" positions. Tomato Novel has initiated an AI theatrical film solicitation plan, co-producing the AI theatrical film "Son of the Moon" with the company.
9/16
23:52
Yemen Conflict Escalates: Houthis Attack Saudi Bases and Oil Facilities, Saudi Arabia Requests Missile Defense Support from Allies
Yemen's Houthi rebels claimed late Wednesday to have attacked Saudi Arabia's Khamis Mushait airbase and an oil facility in Yanbu port, and shot down a Saudi F-15 fighter jet. This followed 40 airstrikes by the Saudi-led coalition on Houthi positions. Saudi Arabia has sought air defense support from allies including France, Pakistan, Egypt, and the UK due to insufficient missile interceptor stockpiles. US officials held direct talks with Houthi representatives in Oman last weekend, where the Houthis stated no intention to attack US vessels and pledged to abide by the 2025 ceasefire agreement, but the US ruled out direct military intervention.
23:45
UBS warns: US midterm elections approaching, stock market may face sharp fluctuations, historical data shows pre-election dips and post-election rallies
UBS Chief Economist Arend Kapteyn noted in a research report on Wednesday that with the US midterm elections approaching, this period has historically seen significantly amplified stock market volatility, and this year is unlikely to be an exception. He cited data indicating that September to October have been the most volatile months of the year since 1928. Historical patterns show that in midterm election years, the S&P 500 typically declines from late August to early October, but then sees an average return of 14% by March of the following year. Strategists at JPMorgan Chase and Bank of America also warned that if Democrats sweep both chambers of Congress, the market could experience a significant downturn, posing a particular threat to AI-related assets.
23:44
Goldman Sachs warns: Soaring AI energy demand is equivalent to "rebuilding Japan," with turbines, transformers, and political resistance becoming the biggest bottlenecks.
Goldman Sachs' latest research warns that from early 2024 to the end of 2030, the additional electricity consumption from AI will be equivalent to the total electricity consumption of Japan, the world's fifth-largest power consumer. The report points out that the power demand from AI-driven data centers is expanding faster than expected, and the core contradiction on the supply side has shifted from "is there enough power" to "can it be built in time." Shortages of turbines, transformers, transmission lines, and skilled workers, as well as local political resistance, are becoming the real bottlenecks constraining supply delivery. Goldman Sachs has raised its forecast for US electricity demand growth from a compound annual growth rate of 3.2% to 3.5%. Its forecast for US data center electricity demand in 2030 has been significantly increased from 83 gigawatts to 108 gigawatts, while the projected increase in global data center electricity demand from 2025 has jumped from 117% to 170%. Capital expenditure forecasts for hyperscale cloud service providers have been simultaneously revised upwards: from $1.2 trillion to $1.7 trillion in 2027, and from $1.5 trillion to $2.1 trillion in 2029. The report emphasizes that there are currently over 300 local and regional moratoriums, and if the AI and power industries fail to develop a coordinated public communication strategy, political factors will become the ultimate hard constraint.
23:24
Trump plans to meet Gulf leaders at UN next Tuesday to discuss Iran war's endgame: report
U.S. President Donald Trump plans to meet leaders from six Gulf Cooperation Council states on the sidelines of the United Nations General Assembly in New York next Tuesday, Axios reported. The discussions will focus on next steps for the war with Iran and U.S. proposals for a postwar strategy. This comes as Washington's ceasefire efforts have stalled, and Gulf states face escalating attacks from Iran and Iran-aligned Houthi militants, which have disrupted energy exports and rattled oil markets. Saudi Arabia recently shut its East-West Pipeline due to a drone attack, though additional shipments through Oman have eased supply fears. Trump also claimed Wednesday that Iran wants to make a deal, saying the war is nearing its end.

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