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BUSINESSJul 6China’s Biren seeks US$900m to fund GPU push and challenge Nvidia amid AI boomChinese artificial intelligence chipmaking champion Shanghai Biren Technology is raising HK$7 billion (US$892.5 million) to boost production of its graphics processing units (GPUs), joining a fierce domestic battle to capture Nvidia’s market share in the country amid a global AI boom. The company, which went public in Hong Kong in January, announced that it would issue 153 million new shares at HK$46.2 each, representing a 9.9 per cent discount to the stock’s closing price of HK$51.3 last...South China Morning Post
BUSINESSJul 6Can China’s budget brands crack developed markets? Mixue shows it won’t be easyThree months after moving from China to Japan, Alisa Lin has yet to buy a single drink from Mixue – the Chinese ice cream and tea giant – despite being a frequent customer back home, where a cup costs under five yuan (73 US cents) during promotions. “It’s not a very popular brand here. Only one of my friends in Japan has ever bought it,” Lin said, adding that value for money was the main consideration behind her own consumer choices in Tokyo. While Mixue’s basic teas are cheap, a plain bubble...South China Morning Post
BUSINESSJul 6Philippines’ record capital wage rise leaves workers hungry for moreIn the Philippine capital, 85 pesos (US$1.40) is barely enough to buy a meal for one, let alone a family of five. Yet that modest sum, roughly the price of 1½kg of premium imported rice, is the largest single wage increase ever approved for Metro Manila’s minimum-wage earners. The government called it “historic”. Labour groups called it an insult. The increase, to be rolled out in two stages, was confirmed by the Department of Labour and Employment on Tuesday. Non-agricultural workers will see...South China Morning Post
BUSINESSJul 6Iran Begins Oil Sale Talks With Japan Under U . S . Sanctions Waiver Amid Shipping RisksIran has begun talks with Japan regarding oil sales under a U.S. sanctions waiver, amidst existing shipping risks. This development signifies complex international energy trade negotiations and geopolitical considerations.econotimes.com · United States
BUSINESSJul 5Indonesia looks beyond UPI , eyes India digital blueprintIndonesia is exploring digital strategies beyond UPI, looking towards India's digital blueprint. This indicates an international focus on adopting advanced digital infrastructure for economic development.timesofindia.indiatimes.com · India
BUSINESSJul 5Japan love of plastic tested by supply constraintsJapan's reliance on plastic is being challenged due to supply constraints, indicating potential economic and industrial impacts. This matters for Japan's manufacturing and consumption patterns.businesstimes.com.sg · Singapore
BUSINESSJul 5Four wild cards stand between Vietnam and its 11 . 9 % H2 growth targetVietnam faces four significant challenges, described as 'wild cards,' that could impede its ability to achieve an 11.9% economic growth target in H2. This indicates factors influencing a country's economic performance.businesstimes.com.sg · Singapore
BUSINESSJul 5Weekend - China Wang Yi seeks closer EU business ties ahead of summitChina's Wang Yi sought to strengthen business ties with the EU in advance of an upcoming summit. This indicates ongoing diplomatic efforts to foster economic cooperation.investinglive.com
BUSINESSJul 5Iran explores oil sales to Japan as buyers seek longer sanctions waiverIran is exploring potential oil sales to Japan, while buyers are seeking longer waivers from sanctions. This indicates ongoing negotiations and economic maneuvers in the international oil market.investinglive.com
BUSINESSJul 5China car exports jump 73 % in May as high fuel prices raise interest in EVsChina's car exports increased by 73% in May, driven by high fuel prices boosting interest in electric vehicles. This indicates significant growth in the automotive export sector and a shift towards EVs.agrinews-pubs.com · United States
BUSINESSJul 5South Korea plans future fund fueled by chip boomSouth Korea plans to channel windfall tax revenue from its booming semiconductor industry into a new future fund. The money would help finance major industrial projects and to support younger generations.DW News [en]
BUSINESSJul 5China’s rare earth industry has critical weakness, researchers warnChina’s dominance in rare earth mining, refining and exports has long been viewed as a strategic advantage. But a new study by Chinese researchers argues that the country’s rare earth industry has its own critical weakness. “China is not in a leading position in mastering key core technologies in certain fields,” the researchers wrote in the paper. Published in the latest issue of the Bulletin of the Chinese Academy of Sciences, the study shifts the focus away from resource reserves and...South China Morning Post
BUSINESSJul 5AI boom poised to help Japan firms log record profits for 6th straight yearMajor Japanese companies are expected to post record net profits for the sixth straight year in the current fiscal year, as a solid technology sector backed by booming…Japan Today
BUSINESSJul 5Sanand big chip moment : Made in India semiconductors to be exported to Japan , US , EuropeSanand is poised for a major semiconductor development, with "Made in India" chips set for export to Japan, the US, and Europe. This indicates a significant advancement in India's technology manufacturing and international trade.businesstoday.in · India
BUSINESSJul 5Iran eyes Japan oil exports as buyers seek longer US waiverIran is reportedly looking to export oil to Japan, as buyers are seeking longer waivers from the United States. This indicates potential shifts in international oil trade and sanction relief discussions.chinanationalnews.com · China
BUSINESSJul 5Iran eyes Japan oil exports as buyers seek longer US waiverIran is reportedly looking to export oil to Japan, as buyers are seeking longer waivers from the United States. This indicates potential shifts in international oil trade and sanction relief discussions.dallassun.com · United States
BUSINESSJul 5Wall Street banks recover in China amid trading boomChina securities units of Goldman Sachs, Morgan Stanley and JPMorgan posted record profits last yearFinancial Times
BUSINESSJul 5U . S . Power Spending on Coal and Gas Set to Surpass China as Data Center Demand Drives $50 Billion Investment – NaturalNews . comU.S. power spending on coal and gas is projected to exceed China's, driven by a $50 billion investment largely due to data center demand. This indicates a major shift in global energy expenditure and infrastructure development.naturalnews.com · United States
BUSINESSJul 5Iran eyes Japan oil exports as buyers seek longer US waiverIran is considering oil exports to Japan while buyers request extended waivers from the US. This suggests ongoing negotiations and geopolitical implications for global energy markets.pittsburghstar.com · United States
BUSINESSJul 5Pioneering the Introduction of Japanese - Style Management in Sri LankaSri Lanka is pioneering the adoption of Japanese-style management practices. This initiative aims to introduce new business and organizational methods to the country.island.lk · Sri Lanka
BUSINESSJul 5Japan weighs first Iranian oil imports since 2019 , sources sayJapan is reportedly considering importing oil from Iran for the first time since 2019, according to sources. This indicates a potential shift in international energy trade and diplomatic relations.afghanistannews.net · Afghanistan
BUSINESSJul 5Cool innovation : Made - in - China appliances chill Europe heatwaveChinese-made appliances are helping to manage the heatwave in Europe. This highlights an economic trend and product demand during climate events.china.org.cn · China
BUSINESSJul 5Iran eyes Japan oil exports as buyers seek longer US waiverIran is looking to export oil to Japan as buyers seek longer waivers from the US. This highlights ongoing developments in international energy markets and sanction policies.iraqsun.com · Iraq
BUSINESSJul 5Iran eyes Japan oil exports as buyers seek longer US waiverIran is interested in exporting oil to Japan as buyers seek extended waivers from the United States. This reflects ongoing dynamics in international oil trade and sanctions.bangladeshsun.com · Bangladesh
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