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VinFast reported a 149.9% increase in Q1 2025 revenue, totaling 16,306.4 billion dong (US$656.5 million), despite a net loss of 17,693.8 billion dong (US$712.4 million), up 15% from the previous year. The company delivered 36,330 EVs, a 296% year-on-year rise, and is focusing on expanding in Asia while diversifying its product offerings to meet the needs of emerging markets.
WearDuds, founded in 2022 by Sikandar Ali, is revolutionizing India's streetwear scene with a focus on organic growth and cultural authenticity, achieving impressive profitability without celebrity endorsements. The brand's joggers, crafted from leftover fabrics, resonate with Gen Z and Gen Alpha, driving significant sales and a projected ₹200 crore revenue by FY26. With a unique blend of legacy craftsmanship and modern design, WearDuds is set to expand into offline retail and international markets, solidifying its position as a leading streetwear label.
Oil prices dipped on Monday due to weak data from China, with Brent crude falling to $66.29 and WTI to $64.43. Despite this, last week's gains were largely retained as investors remained optimistic about upcoming US-China trade talks, which could enhance global economic prospects and oil demand.China's exports growth slowed, and crude oil imports hit a four-month low amid maintenance by refiners. Analysts noted that while OPEC+ plans to increase supply, the potential for a trade deal may mitigate immediate concerns about oversupply.
China's EV market is undergoing intense price competition as automakers adapt to the end of government subsidies, with BYD and Tesla facing sales challenges while Geely and startups like Xpeng thrive. Analysts predict further price cuts as companies navigate a market with excess production capacity. Overseas expansion is becoming vital for growth, despite facing protectionist tariffs in key markets.
Digital asset inflows slowed amid economic uncertainty, with Ethereum leading the way, attracting $296.4 million and totaling $1.5 billion over seven weeks. The U.S. saw the highest regional inflows at $175 million, while Bitcoin faced outflows of $56.5 million for the second week. Altcoins like Sui and XRP showed mixed performance, with Sui gaining minor inflows and XRP continuing its outflow trend.
[Source]
Saudi Aramco has reduced its official selling price for July crude oil to Asia, cutting the benchmark Arab Light crude by $0.20 to $1.20 above Oman and Dubai averages. This decision affects approximately 9 million barrels per day and serves as a pricing benchmark for regional producers. In North America, the price for Arab Light is set at $3.50 above the Argus Sour Crude Index, influenced by OPEC+ output increases and reduced Canadian production due to wildfires.
RadNet, a NASDAQ-listed US radiology firm, has acquired Singapore-based medtech startup See-Mode Technologies, known for its AI-driven solutions in radiology. Founded in 2018, See-Mode initially focused on stroke prevention but has expanded its services to radiology groups in Australia, Canada, and the US. This acquisition underscores Southeast Asia's growing role in AI healthcare innovation, as the market is projected to reach $150 billion by 2026, with radiology emerging as a key battleground for AI applications.
The OECD has downgraded its economic growth forecasts, projecting a 1.6% growth for the US in 2025, down from 2.2%, primarily due to the impact of tariffs and trade policies. Global growth is expected to slow to 2.9%, with significant repercussions for the US, Canada, Mexico, and China. The uncertainty surrounding tariffs is anticipated to reduce business investment and consumer purchasing power, disproportionately affecting lower-income households.
Emirates airline will resume flights to Damascus starting July 16, aiming to enhance connectivity and support Syria's economic recovery. This move will benefit the Syrian diaspora across the Americas, Europe, and the GCC, allowing them to reconnect with their roots and contribute to development efforts.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
VinFast reports significant revenue growth despite rising net losses in Q1 2025
14:43 09.06.2025
WearDuds Revolutionizes Indian Streetwear with Organic Growth and Cultural Authenticity
13:34 09.06.2025
oil prices dip on weak china data amid us china trade hopes
10:10 09.06.2025
China's electric vehicle market faces intense price competition and evolving strategies
08:00 09.06.2025
Ethereum leads digital asset inflows as market slows amid uncertainty
03:34 09.06.2025
Japan urges US to reconsider tariffs ahead of G7 leaders summit
09:30 05.06.2025
Saudi Aramco reduces July oil prices for Asian markets by twenty cents
07:38 05.06.2025
us radiology firm acquires singapore medtech startup see-mode technologies
04:28 05.06.2025
OECD revises global growth forecasts amid rising US trade tariffs
07:20 04.06.2025
emirates airline to resume flights to damascus starting july 16
09:40 02.06.2025
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