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Gulf Cooperation Council said the international community should ensure freedom of navigation through the Strait of Hormuz and not levy transit or service fees.

2026-07-09

Gulf Cooperation Council said the international community should ensure freedom of navigation through the Strait of Hormuz and not levy transit or service fees.

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2026-07-09

Hong Kong has recently seen a surge in IPOs, but Luxshare Precision, Apple supplier and the largest listing this year, had a lackluster first day of trading due to investor caution amid heightened market volatility. Arun George, an analyst at Global

Hong Kong has recently seen a surge in IPOs, but Luxshare Precision, Apple supplier and the largest listing this year, had a lackluster first day of trading due to investor caution amid heightened market volatility. Arun George, an analyst at Global Equity Research, stated that Luxshare Precision's H-share offering price, at a 12.1% discount to its A-share price, lacked appeal and was significantly lower than the average discount of 23% for companies listed in both markets since last year. The presence of seven other new listings in Hong Kong on the same day may have distracted investors. However, substantial subscriptions from cornerstone investors such as Temasek Holdings, GIC, and the Abu Dhabi Investment Authority indicate strong institutional confidence in Luxshare Precision's fundamentals. To reduce its over-reliance on Apple, Luxshare Precision has diversified, planning to reduce the revenue share of its largest customer from 75% in 2023 to 57% in 2025. Its automotive business has become one of its core pillars. Luxshare Precision claims that its products are used in half of the world's smartphones, one-third of wearable devices, and one-fifth of smart cars. Analysts say the giant is now rapidly expanding into AI hardware, building the ability to sell components directly to data center operators and tech giants like Nvidia.
2026-07-09

CENTCOM said U.S. forces remain vigilant, highly combat-capable, and prepared at all times to execute operational orders from the commander-in-chief.

CENTCOM said U.S. forces remain vigilant, highly combat-capable, and prepared at all times to execute operational orders from the commander-in-chief.
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