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10/7
14:01
Lotte Biologics signs manufacturing deal with Alvotech to produce antibody biosimilar drug substances at its New York facility
14:00
AMD CEO Lisa Su seeks AI chip partnerships in South Korea
AMD Chair and CEO Lisa Su met with South Korean Second Vice Science Minister Ryu Je-myung and executives from 13 local AI companies in Seoul on Wednesday to explore partnerships. The discussions focused on integrating AMD's CPUs and GPUs with Korean neural processing units for AI inference systems, aiming for global markets. Demonstration projects in South Korea are planned to develop a blueprint for overseas deployment, as AMD intensifies its competition with Nvidia.
13:57
Dutch Government Plans to Cut ABN Amro Stake to 10.5% From 20.7%
13:49
South Korean steelmaker Posco completes second lithium plant in Argentina, boosting supply to 50,000 tons
South Korean steelmaker Posco Holdings has completed its second lithium plant in Argentina, which will have the capacity to supply 50,000 metric tons of lithium hydroxide. This milestone comes eight years after Posco acquired mining rights to the Salar del Hombre Muerto in 2018, marking a significant step in the group's efforts to secure its own critical battery materials.
13:44
Global banks lift South Korea's 2026 growth outlook to 3.5% on chip export boom
Global investment banks have revised up their forecasts for South Korea's economic growth this year and next, citing a strengthening semiconductor export outlook. Eight major global investment banks now project an average growth of 3.5% for this year, up from 3.3% a month earlier. JPMorgan raised its estimate to 4% from 3.8%, the highest among the eight banks, according to figures released Wednesday by the Korea Center for International Finance.
13:37
Bloomberg: European Floods and Storms Create €500 Billion Climate-Resilient Infrastructure Opportunity for Industrial Firms
According to Bloomberg Markets, Europe's worsening heatwaves, wildfires, and floods are prompting governments to increase spending on climate-resilient infrastructure, opening up a lucrative new market for industrial companies, estimated to be worth €500 billion.
13:34
Taiwanese prosecutors have accused two Hong Kong residents of funding the surveillance of a legislator and their family, and have indicted four Taiwanese individuals.
13:20
Dangote's Nigerian refinery, owned by Africa's richest man, plans an IPO to raise at least $1.6 billion, potentially setting a record for Africa's largest IPO.
Africa's richest man, Aliko Dangote, plans to raise at least $1.6 billion through an initial public offering (IPO) for his mega-refinery in Nigeria to fund its expansion. The share sale is expected to be the largest IPO in Africa's history. Dangote is positioning it as a "people's IPO," aiming to attract millions of first-time investors by setting a minimum holding of $4.
13:18
Musk retweeted a post stating that the engineering design of the Super Heavy rocket is "absolutely insane" and looks more like science fiction than rocket hardware.
13:13
Al Jazeera: Israeli attacks on the Gaza Strip have continued for three years, resulting in at least 74,000 deaths and 82% of buildings destroyed.
Al Jazeera released a statistical report stating that Israeli attacks on the Gaza Strip have continued for three years since the conflict erupted on October 7, 2023. The report indicates that at least 74,000 Palestinians have been killed (including 21,000 children) and over 175,000 injured. 82% of buildings in the Gaza Strip have been destroyed, displacing 1.98 million Palestinians, which accounts for 90% of the total population. Additionally, 94% of medical facilities and 93% of schools are no longer operational, and nearly 300 journalists have been killed.
13:10
South Africa's second-largest bank, FNB, has partnered with VALR to launch cryptocurrency trading services, supporting assets such as BTC and ETH.
FNB (First National Bank), South Africa's second-largest bank, has partnered with VALR, a local licensed exchange, to launch cryptocurrency trading services. The service is offered through FNB's existing stock trading platform, allowing customers to trade various crypto assets such as BTC, ETH, XRP, SOL, and USDT, with a minimum trading amount of 10 ZAR. The bank plans to add more crypto investment options.
13:02
Solana DvP settlement requires 100% upfront cash for every trade, leaving financing and netting to institutions
Solana Foundation announced its open-source Delivery-versus-Payment (DvP) settlement standard on October 6. The design mandates that both the full cash and asset legs of a trade must be available before execution, with its atomic transaction preventing a buyer from paying without receiving the asset. This approach explicitly excludes netting and requires institutions to arrange their own financing and offsetting obligations.
13:00
Kalshi's 15-min gold markets surpassed Ether in September, weeks after launch
Kalshi's 15-minute gold markets recorded 542 million contracts and an estimated $5 million in fees in September, surpassing Ether's 318 million contracts and $2.6 million in the same period. Bitcoin remained far ahead in market activity.
12:58
Elon Musk reposts a user's tweet, who claims xAI's Grok Bot can manage Gmail inbox by text, cleaning up over 2,000 emails with simple instructions
12:56
Musk shares summary of SpaceXAI President's speech on Starlink's biggest risk
Elon Musk forwarded a post summarizing a speech by Michael Nicolls, President of SpaceXAI. Nicolls stated that SpaceX was founded in 2002 to make life multi-planetary. He highlighted that the biggest risk for growing satellite constellations is not debris, but rather satellite operators failing to share data. The speech also detailed Starlink's growth, starting with 60 V0.9 satellites in 2019, launching user service in late 2020, and significantly expanding with V1.5 adding space lasers for mesh connectivity.
12:42
The Reserve Bank of India (RBI) raised its key interest rate by 25 basis points to 5.50%, the first hike since 2023, to curb inflation.
The Reserve Bank of India (RBI) on Wednesday raised its benchmark repo rate by 25 basis points to 5.50%, a one-year high, in line with economists' expectations in a Reuters poll. The move aims to curb retail inflation, which has risen for 10 consecutive months, reaching 4.8% in August, above the RBI's medium-term target of 4%. HSBC and Goldman Sachs expect the RBI to continue raising rates in December.
12:42
Singapore's Temasek warns of AI trade unwinding as biggest market risk
Singapore's state-owned investment giant Temasek's chief investment officer Rohit Sipahimalani stated that an unwinding of the artificial intelligence (AI) trade poses the biggest risk to markets, though he doesn't see it as imminent but expects potential bumps in 2027. Sipahimalani noted that AI has been a key force keeping U.S. stocks near record highs, but the market's resilience is heavily dependent on a small group of winners, with roughly half the stocks in the Russell 3000 at least 20% below their June highs. A reversal in the AI trade could be triggered by factors such as tighter regulation due to safety concerns or customers failing to generate sufficient returns from their AI spending. Temasek remains bullish on AI long-term and continues to increase investments in the sector, aiming to raise its public market AI exposure from about 50% to 70%-75% for greater flexibility.
12:41
Topix’s Biggest Ever Revamp to Cull Hundreds of Japanese Stocks
12:38
India Interest Rate Decision
★★★★★Previous 5.25%Forecast 5.5%Actual 5.5% In line with forecast
12:30
Financial Times projects S&P 500 earnings to grow 27% due to strong AI spending.
The Financial Times analysis indicates that robust AI spending is projected to boost S&P 500 earnings growth by 27%, against a backdrop of high equity valuations and rising long-term borrowing costs.
12:24
ArriVent BioPharma's shares plummeted nearly 47% after its China-licensed cancer drug failed a late-stage trial.
Shares of U.S. biopharmaceutical company ArriVent BioPharma plummeted nearly 47% on Tuesday after it reported that firmonertinib, a cancer treatment licensed from Shanghai Allist Pharmaceuticals in China, failed to meet its primary endpoint in a Phase 3 clinical trial. Analysts noted that this highlights the challenges Chinese biotech companies face in expanding into overseas markets. Firmonertinib was originally developed by Shanghai Allist Pharmaceuticals for the treatment of non-small cell lung cancer, and ArriVent obtained exclusive development and commercialization rights for the drug outside of China in 2021.
12:14
FT analysis: Energy shock's impact on oil supply, prices, and global economy surprisingly manageable so far
12:14
Sanlam's $1.2 Billion Santam Bid to Boost Capital Deployment Freedom
Africa's top insurer Sanlam Ltd. is bidding $1.2 billion to take full ownership of Santam Ltd., a move expected to give it greater flexibility in deploying capital across Africa, India, and the Lloyd's of London market. This acquisition is part of Sanlam's broader expansion strategy, which will soon include banking operations.
12:14
European Commission considers broad levy on large companies to avoid singling out US digital services groups
The European Commission is considering a broad levy on all large companies, aiming to capture Big Tech while avoiding singling out US digital services groups.
12:12
Cardano Foundation launches new token standard (CIP-0113) enabling issuers to freeze, seize, and restrict assets
The standard is designed for regulated stablecoins, funds, and bonds, allowing issuers to enforce identity checks, sanctions controls, and other transfer rules directly within the asset itself. It is now live on the network following independent security audits.
12:07
Google AI Infrastructure Head: Advancing orbital data center project, ground rack power consumption expected to reach several megawatts by 2036.
Amin Vahdat, head of Google's AI infrastructure, recently discussed the future of computing power over the next decade, predicting a significant increase in ground-based rack integration, with individual racks potentially consuming several megawatts of power. He also revealed that Google has formally designated orbital data centers as a "moonshot" project, driven by the energy advantages of space, with rack launches into orbit anticipated as early as 2036.
12:06
Google AI Infrastructure Head: Power is the most fundamental bottleneck for AI infrastructure expansion; TPU inference and training chips have been split for the first time.
Amin Vahdat, head of AI infrastructure at Google, stated in a recent interview that electricity is the most fundamental bottleneck for AI infrastructure expansion, not chips or manufacturing capacity; software optimization's contribution to capacity improvement is "likely no less than hardware." He also revealed that Google's 8th generation TPUs, released this year, have been split into two independent chips for the first time: 8i (inference) and 8t (training), reflecting the rapid expansion of the inference market.
12:06
Google's Head of AI Infrastructure: AI Agents are fundamentally changing data center design, driving up demand for accelerators, CPUs, networking, and storage.
Amin Vahdat, head of Google's AI infrastructure, stated in a recent interview that the rise of long-range agents is fundamentally changing data center design logic, not only boosting demand for accelerators but also causing a simultaneous "surge" in demand for CPUs, networks, and storage. He revealed that Google must roughly double its service-side token generation capability every six months, primarily through software and model optimization. Google's capital expenditure this year is expected to exceed $200 billion, with most of it allocated to data center construction.
12:03
Binance Will Add 4 bStocks Tokenized Securities as Collateral Asset
12:02
Ethereum co-founder Vitalik Buterin: Ethereum will support a large number of transactions within two years, with lower costs and better privacy, and AI will be deeply integrated with on-chain applications.
Ethereum co-founder Vitalik Buterin stated at the OKX NOW event in Singapore on October 6, 2026, that Ethereum will support a large volume of transactions within two years, achieving lower costs, better privacy, and facilitating the deep integration of AI with on-chain applications. He suggested that both counterparties and application developers could be robots, and traditional applications might even cease to exist, with robots directly publishing quotes on-chain, and users' AI agents interpreting these quotes to identify suitable trading opportunities.

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