Markets

The used EV market is booming, marked by significant depreciation, with Guazi Used Cars’ August 2025 report providing price benchmarks. EVs aged three years or less show discounts of up to 70%, with popular models available across various price brackets (under $10k to over $30k). Guazi leverages direct sourcing and offers a 200-point inspection, insurance history, secure payment, and a 100-day battery degradation guarantee, addressing transparency concerns in the used car industry and assuring buyers.

K2 Gold Corporation (KTGDF) has engaged ICP Securities Inc. for automated market making services starting September 1, 2025. ICP will utilize its proprietary ICP Premium™ algorithm to enhance stock liquidity by addressing temporary supply/demand imbalances. The initial four-month agreement, renewable monthly, involves a C$7,500 monthly fee plus taxes. The agreement excludes performance-based incentives, stock options, or additional compensation outside the flat fee. The goal is to improve trading stability for K2 Gold shares.

District Metals (DMXCF) announced that the Swedish Government intends to submit a proposal to Parliament in Q4 2025 to remove the uranium mining ban, potentially effective January 1, 2026. This would allow uranium exploration and extraction under the Minerals Act, treating it like other minerals. The move follows a government inquiry and would enable permit applications under specific conditions. CEO Ainsworth is optimistic, citing increased investor attraction, though parliamentary approval and permit details are still pending.

Social media influencer “Jiakang Ge” livestreamed what appeared to be his arrest for speeding in Florida, prompting immediate skepticism. Viewers questioned the authenticity, citing inconsistencies in police procedure and suggesting it was a publicity stunt for increased engagement. This wouldn’t be the first time “Jiakang Ge” has staged events for attention, raising concerns about credibility and highlighting the blurred lines between genuine content and manufactured narratives in the pursuit of online fame. The incident underscores the ethical challenges of content creation in the digital age.

Tigo Energy’s EI Residential solution achieved national compliance certification in Slovakia for solar inverter operation. This validates its integration with the Slovakian grid, providing reliable solar, backup power, and energy management. The system passed rigorous tests, demonstrating controlled shutdown during voltage dips and compliance with Slovakian standards. The EI Residential system optimizes energy consumption, maximizes backup potential, and enhances energy visibility. The solution includes inverters, battery, and smart home integration, showcasing its flexibility and user-friendly design.

Alvina Chan, a former rhythmic gymnast and doctoral student, won the 2025 Miss Hong Kong Pageant. Carman Shi, a derivatives trader, was the first runner-up, followed by Yvonne Yuen, an assistant manager from Shanghai. The pageant, themed “Do You Wanna Be…”, highlights the contestants’ diverse talents and aspirations, providing a platform for their future careers. The competition emphasizes ambition and adaptability.

FTI Consulting (NYSE:FCN) has appointed Hitesh Tak as Senior Managing Director in its Corporate Finance & Restructuring segment in Singapore. Tak brings over 25 years of experience in strategy, operations, and performance improvement across Southeast Asia, with expertise spanning various industries including industrials, automotive, and private equity. He will focus on improving operational resilience and value creation, enhancing FTI Consulting’s capabilities in performance improvement and business transformation services in the region.

Apollo (NYSE: APO) has appointed Yasuo Kashiwagi as Head of Japan to bolster its presence in the Japanese market. Kashiwagi, with over 30 years of financial leadership experience, will oversee Apollo’s integrated strategy and local partnerships. This move underscores Apollo’s commitment to the region, where it currently manages approximately $20 billion in assets. The firm aims to capitalize on growing demand for private capital and retirement solutions in Japan, leveraging its expertise and Kashiwagi’s deep local connections.

Upstream Bio (UPB) will announce Phase 2 VIBRANT trial top-line data for verekitug in Chronic Rhinosinusitis with Nasal Polyps (CRSwNP) on September 2, 2025. The global, placebo-controlled study evaluated verekitug, a monoclonal antibody targeting TSLP, administering 100 mg subcutaneously every 12 weeks. The primary endpoint is the change in endoscopic nasal polyp score (NPS) at Week 24. A conference call and webcast will be held at 8:00 a.m. ET to discuss the results. Verekitug is unique for targeting TSLP, a key driver of inflammatory responses.

Birmingham City fans are facing a surge in car vandalism, particularly “car stripping,” near St. Andrew’s stadium. A fan returning to his Peugeot 208 EV after a match found the entire front end stolen. This incident reflects a broader trend: vehicle crime doubles on home match days. Experts believe organized thieves target fan vehicles, quickly dismantling them for parts that are sold through illegal networks. The lack of deterrence and impunity felt by perpetrators are causing increasing frustration among fans.