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Kering's Ownership of Gucci Highlights Luxury Brand Dynamics

Kering's Ownership of Gucci Highlights Luxury Brand Dynamics

Kering's Ownership of Gucci Highlights Luxury Brand Dynamics
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Exclusive-CXMT plans second chip plant in Beijing and is in talks on its funding, sources say

Exclusive-CXMT plans second chip plant in Beijing and is in talks on its funding, sources say

Aug 3 (Reuters) - CXMT, China's largest chipmaker by market value, is considering building a second memory-chip plant in Beijing and is in financing talks with a tech manufacturing hub backed by the local government, two sources familiar with the matter said.
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Taiwan minister says close ties with U.S. Pacific Command boost defence readiness

Taiwan minister says close ties with U.S. Pacific Command boost defence readiness

By Yimou Lee TAIPEI, Aug 3 (Reuters) - Taiwan's cooperation with the United States may be closer than many imagine, the island's Defence Minister Wellington Koo said on Friday, as it strives to deepen military exchanges with the U.S. Pacific Command to boost defence capabilities.
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China factory growth slows to 4-month low in July, survey shows

China factory growth slows to 4-month low in July, survey shows

By Liangping Gao and Ryan Woo BEIJING, Aug 3 (Reuters) - China's manufacturing sector expanded at its slowest pace in four months in July, as output and new orders rose more slowly, while export orders returned to growth after a contraction, a private-sector survey showed on Monday.
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Chinese copper foil giant Londian Wason eyes $1.7 billion valuation in US IPO

Chinese copper foil giant Londian Wason eyes $1.7 billion valuation in US IPO

Aug 3 (Reuters) - Londian Wason New Energy Tech is targeting a valuation of up to $1.7 billion in its U.S. initial public offering, the Chinese copper foil maker said on Monday.
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China's AI-Driven Robotics Boom Faces Challenges Amid IPO Rush

China's AI-Driven Robotics Boom Faces Challenges Amid IPO Rush

China is experiencing a surge in investment in embodied AI, a field combining artificial intelligence with robotics to create machines capable of navigating the physical world. Over the past two years, approximately 370 startups have entered this sector, with around 50 pursuing listings in Hong Kong or the Chinese mainland. Unitree Robotics, a leading company in this field, is preparing to list on Shanghai's STAR Market with an expected valuation of 40 billion yuan ($6 billion). Despite the rapid growth and high valuations, the industry faces challenges such as fragmented training data and high deployment costs, which could hinder profitability.
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Japan casts military buildup as path to economic prosperity

Japan casts military buildup as path to economic prosperity

By Tim Kelly TOKYO, Aug 4 (Reuters) - Japan's government is portraying its accelerating military buildup not only as a way to protect the country but as a route to greater prosperity, arguing in its latest defence white paper that arms production can support economic growth.
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The South China Sea's Legal Anchor: A Decade After the Arbitral Award

The South China Sea's Legal Anchor: A Decade After the Arbitral Award

A decade after the international court ruled in favor of the Philippines against China's claims in the South China Sea, the ruling remains strategically significant. Despite China's rejection of the Arbitral Award, it serves as a legal foundation for states to coordinate diplomatic and deterrence strategies against Beijing. The ruling's importance is underscored by a joint statement from international supporters reaffirming its legal basis. However, China's economic influence and military power have grown, complicating the enforcement of the ruling and the geopolitical dynamics in the region.
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Elon Musk Denies Rumors of Tesla Selling Chinese Business for SpaceX Merger

Elon Musk Denies Rumors of Tesla Selling Chinese Business for SpaceX Merger

Elon Musk Denies Rumors of Tesla Selling Chinese Business for SpaceX Merger
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China's central bank pledges timely policy tool adjustment

China's central bank pledges timely policy tool adjustment

BEIJING, Aug 2 (Reuters) - China's central bank pledged to adjust monetary policy tools in a timely manner and facilitate panda bond issuance, a statement showed on Sunday.
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L’Oréal Plans Early Launch of Gucci Beauty Products, Aiming for Multibillion-Euro Brand

L’Oréal Plans Early Launch of Gucci Beauty Products, Aiming for Multibillion-Euro Brand

L’Oréal Plans Early Launch of Gucci Beauty Products, Aiming for Multibillion-Euro Brand
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Wildfires spread across Greece, conditions worsen in France and Spain

Wildfires spread across Greece, conditions worsen in France and Spain

ATHENS/ CARCES, France Aug 1 (Reuters) - Wildfires fanned by gale-force winds burned across multiple areas of Greece on Saturday, forcing residents to flee as conditions worsened again in parts of Spain and France.