1. The UN Food and Agriculture Organization (FAO) has warned that a new El Nino event could start within weeks, with intensity higher than previous cycles. 2. Drought high-risk zones are concentrated this time, with over 50% probability of drought in some farmlands and pastures in the coming months. 3. The FAO, together with the
UN FAO Warns New El Nino Could Trigger Severe Global Food Crisis Read More »
Murata’s MLCC capacity utilization remains at 90%-95%, and its order-to-bill ratio stays relatively strong. The company expects AI and data center-related sales to grow 85%-90% in fiscal 2027, with more than half of the incremental growth coming from an improved high-end product mix. Murata plans to advance its capacity expansion pace, and combined with currency
Murata MLCC Utilization Stays at 90%-95%, AI and Data Center Demand Drives Growth Read More »
① Micron Technology fell more than 9% in pre-market trading; ② Samsung Electronics’ HBM4 memory sales exceeded $1 billion; ③ UAE AI technology investment company MGX is reportedly raising nearly $50 billion. June 23 (Tuesday) – US stock index futures fell sharply, with Nasdaq 100 index futures down 3%. Major European indices broadly declined. (Source:
①Emaar Properties has postponed the tender process for the Dubai Creek Tower project by three to four months due to cost and supply chain issues. ②The structure was originally planned to serve as the centerpiece landmark of the Dubai Creek Harbour development, with an estimated construction cost of US$1 billion. June 23 – Emaar Properties,
Emaar Delays Dubai Creek Tower Tender by 3-4 Months Over Cost and Supply Chain Issues Read More »
① Facing pressure from the concentrated retirement of the baby boomer generation and continuously expanding pension deficits, German Chancellor Merz is preparing to promote the establishment of a “Nordic-style” state pension investment fund. ② Through supplementary contributions equivalent to 2% of total wages, funds will be invested in stock and bond markets, which is expected
Germany Plans Nordic-Style State Pension Investment Fund Read More »
Tesla is reportedly sourcing components such as harmonic reducers and joint modules from suppliers in Taiwan, China, to prepare for mass production of its humanoid robots. Automation equipment suppliers Alliance Material and Asia Optical are key vendors, with the former supplying critical parts like harmonic reducers and the latter supplying sensing components. The production line
Tesla Reportedly Prepares Mass Production of Humanoid Robots with Taiwanese Suppliers Read More »
① Popular Chinese concept stocks generally declined, with the Nasdaq Golden Dragon China Index closing down 0.55%. ② The memory chip sector fell sharply, with Micron Technology plunging 13% and SanDisk dropping 13%. ③ Meta launched a new series of smart glasses priced at $299. June 24 — US Eastern Time Tuesday, the three major
US Stocks Fall as AI Debt Concerns Hit Chips; Micron Plunges 13% Read More »
On Tuesday of this week, the yen depreciated against the U.S. dollar, briefly reaching 161.58 yen per dollar, approaching its lowest level in nearly 40 years. Market discussions regarding potential intervention by Japanese authorities have intensified. On Tuesday, the yen traded as weak as 161.58 per dollar, nearing the previous 2024 low of 161.96. A
Yen Weakens to 161.58 per Dollar, Approaching 40-Year Low Amid Intervention Speculation Read More »
Visa and Mastercard account for 61% of card payment transactions in the euro area, with cross-border payments almost entirely dominated by US institutions. The digital euro will support online and offline payments and emphasize privacy protection. The EU plans to reach a final agreement with member states by the end of the year. June 23
Market data showed that the Korea Composite Stock Price Index (KOSPI) plunged as much as 8% intraday, falling below the 8,400-point mark. In terms of individual stocks, the “memory chip duo” both suffered heavy losses. SK Hynix fell more than 11%, while Samsung Electronics dropped over 8%. June 23 – Concerns over the excessive expansion
South Korean KOSPI Plunges 8% as Chip Stocks SK Hynix and Samsung Slide Read More »
