Kingboard Holdings will sell 155 million shares in Kingboard Laminates at a discount, aiming to expand business and production capacity to meet surging demand. The deal is expected to close on June 22.
The US, Iran, and Pakistan announced an impending deal, potentially reopening the Strait of Hormuz. Chinese analysts, however, caution that Israel's reaction and the fate of Iran's nuclear program pose significant challenges.
As Donald Trump turns 80, a collection of public figures offer a mix of sarcastic thanks, sharp criticism, and reflections on his resilience and impact on global politics, finance, and American society.
The natural diamond industry is implementing a large-scale traceability system, including a blockchain platform called Tracr, to enhance customer trust and provenance amid competition from lab-grown diamonds and declining prices. De Beers Group is selling a 30% stake in Tracr to the Gemological Institute of America (GIA).
North Korean leader Kim Jong Un sent a congratulatory message to Russia on Russia Day, pledging "unwavering support" and stating that North Korea would "always stand together with the Russian Federation." He described the bilateral relationship as strengthening into "sincere and devoted relations of comradely trust and alliance."
China's bid for direct access to the Sea of Japan via the Tumen River faces continued wariness from North Korea and Russia, despite recent positive signs from Moscow. Analysts suggest the silence in post-summit statements reflects concerns over Beijing's regional influence.
Chinese regulators are increasing public enforcement against major corporations, a shift from the previous low-key approach. While this has concerned investors, some analysts believe it signals a policy change towards market order defense rather than a return to the 2021 crackdown.
Philippine President Marcos is set to attend the ASEAN-Russia Commemorative Summit in Kazan from June 17-18, marking his first visit to Russia since taking office. The trip will be closely monitored by Washington and Beijing for potential outcomes on energy, sanctions-sensitive sectors, and broader strategic cooperation with Moscow.
Indonesia's Corruption Eradication Commission (KPK) arrested eight high-ranking immigration officials, including Deputy Minister Silmy Karim, for allegedly extorting over $8 million from foreigners seeking permits between 2022 and 2026. Nine visa agents were also detained.
SK Telecom and Nvidia partner to build a gigawatt-scale AI cloud and AI factory in South Korea by 2027, leveraging Nvidia's DSX platform for end-to-end AI operations.
Analysts suggest China is downplaying North Korea's nuclear weapons issue, as evidenced by its absence in joint statements following Xi Jinping's visit to Pyongyang. This comes despite a US statement confirming a shared goal of denuclearization.
Biwin has signed a locked-volume, locked-price deal to buy enterprise-grade chips from Q3 2026 to Q2 2028. The contract, valued at 12.6 billion yuan, aims to secure medium- to long-term capacity and reduce supply disruption risks.
Soaring AI server demand is pushing Japanese and South Korean MLCC makers into high-end products, creating opportunities for Chinese competitors in lower-end markets. The MLCC market is experiencing a historic cycle with rising prices and capacity expansion expected.
Cybercrime group ShinyHunters claims to have hacked Oracle PeopleSoft servers at over 100 organizations, including many universities. Data exfiltrated includes student, financial, and administrative information. The group's initial goal was to target an FBI server.
US airstrikes in Iran, targeting port cities and Qeshm island, have reportedly damaged water infrastructure, leaving 20,000 residents without clean drinking water. The attacks, a response to a downed US helicopter, have intensified diplomatic tensions and drawn criticism from Tehran.
US-Luftschläge in Iran haben die Trinkwasserversorgung von 20.000 Menschen beeinträchtigt. Die Angriffe, die als Reaktion auf den Abschuss eines US-Hubschraubers erfolgten, trafen die Hafenstädte Dschask und Sirik sowie die Insel Qeschm. Präsident Trump äußerte sich erneut kritisch gegenüber Iran.
An Air China C909 regional jet experienced a suspected bird strike upon landing in Beijing. While visible marks were reported on the nose and airframe, experts deem severe damage unlikely. The incident highlights reliability tests for the Comac-model as it sees wider deployment.
A DHS letter acknowledges collecting information on individuals suspected of potential law violations, including protesters and observers, even if not arrested. This comes amid concerns and lawsuits alleging First Amendment rights violations by federal agents.
Harry Kane has proven to be a pivotal signing for Bayern Munich, exceeding expectations with his goalscoring, technical brilliance, and leadership, transforming into a global football icon.
The US Defense Department has reduced its list of recognized religions from 220 to 31, streamlining data for chaplains but sparking criticism over perceived favoritism towards Christian denominations and the exclusion of specific faiths like the Church of Jesus Christ of Latter-day Saints.
California's slow vote counting process, designed for accuracy and fraud prevention, faces criticism and fraud allegations from Republicans, including Donald Trump, despite experts assuring the system's integrity.
A new Aon study across 504 Asia-Pacific companies shows 74% have adopted AI, with 84% using it to augment tasks rather than replace jobs, despite concerns over layoffs
The Democratic Party of Korea (DPK) secured a significant victory in local elections, winning 12 out of 16 mayoral and gubernatorial races, including in Busan. The DPK also maintained its parliamentary majority by winning nine out of 14 vacant National Assembly seats.
Observers note China's adeptness in managing separate strategic ties with Moscow and transactional engagement with Washington, reshaping global power dynamics.
