Markets

IREN Limited has appointed Anthony Lewis as its new Chief Capital Officer to bolster its capital markets strategy and fuel aggressive growth in the AI infrastructure sector. Lewis brings over two decades of financial markets experience, including a significant tenure at Macquarie Group, to shape IREN’s capital structure and financing initiatives.

Corporate tax filings ending May show robust growth for key economic sectors. Digital economy, high-tech, and robotics industries saw a 7.1% rise in operating revenue and a 5.2% profit surge. Leading tech companies experienced an 11.9% revenue and 19.7% profit increase. The high-tech sector, particularly aerospace and scientific research, also reported significant gains. Robotics, specialized for challenging environments, led sector growth.

The HarmonyOS Security and Privacy Evolution forum at HDC 2025 highlighted advancements in StarShield Security 2.0, focusing on API governance, AI security, passwordless authentication, financial security, and sensitive data protection. Discussions with partners showcased practical applications of these features, emphasizing HarmonyOS’s commitment to a secure and trustworthy ecosystem.

The European Commission has granted marketing authorization for Oczyesa®, the first once-monthly subcutaneous octreotide for acromegaly maintenance treatment. This formulation offers convenient self-administration via a pre-filled autoinjector pen. Clinical trials showed Oczyesa® achieves effective disease control, improves symptoms, and enhances quality of life for acromegaly patients.

Triple-laser projectors offer impressive brightness and color, but can cause eye strain, dizziness, and blurred vision due to “speckle” and “chromatic aberration.” These artifacts arise from laser coherence and monochromaticity, affecting viewers, especially those who are myopic. ALPD laser technology, in contrast, uses a process that eliminates speckle and chromatic aberration, providing a more comfortable and healthier viewing experience without compromising image quality.

A social media post sparked debate over the Xinhua Dictionary’s example sentence for “burden,” which reads: “The child is young and has become a burden.” Veteran commentator Hu Xijin agreed the example is inappropriate and should be changed, but cautioned against extreme interpretations like “open hostility towards children,” urging against hyperbole and a harsh social atmosphere.

The U.S. Senate is voting on the “Big and Beautiful” bill, a tax and spending package. A Yale analysis suggests it could reduce incomes for the bottom 20% of households while increasing incomes for the top 20%, indicating a wealth redistribution. The bill also proposes cuts to social safety net programs like Medicaid and SNAP, which could offset any tax benefits for lower-income families.

Argo Living Soils Corp. is entering the advanced construction materials sector with its first supply order of liquid graphene oxide. This high-grade product, derived from pure vein graphite, will be integrated into concrete formulations to enhance performance and sustainability. The company also announced marketing and investor relations initiatives to boost its profile.

China Compulsory Certification (3C) is a mandatory “passport” for electrical products entering the Chinese market. Implemented in 2002, it ensures products meet safety, electromagnetic compatibility, and environmental standards, guarding against hazards and promoting quality. Without a 3C mark, an electrical product cannot be legally sold, making it crucial for consumers to look for this symbol for safe and reliable purchases.

Xiaomi is launching “Xiaomi Youth Apartments” to provide affordable housing for young engineers. These furnished 29sqm studios near the Changping campus offer amenities like smart living features, communal kitchens, and a fitness center, with priority for recent graduates. The initiative aims to boost employee well-being and community, with plans to extend similar facilities to car factory employees as well.