Markets

F.N.B. Corporation has promoted Brian Mancos to Director of Human Resources and Corporate Services at First National Bank, its largest subsidiary. Mancos, previously Senior Corporate Counsel, succeeds the retiring Charles Casalnova. He will oversee HR strategies, facilities management, and business continuity planning, reporting directly to CEO Vincent J. Delie, Jr. This appointment reflects FNB’s commitment to internal talent development and succession planning, leveraging Mancos’s deep understanding of the company and his extensive experience in HR and real estate matters.

BYD has entered the Fortune Global 500 list for 2025, ranking 91st. This is the fourth consecutive year BYD has climbed the prestigious ranking, signifying the electric vehicle and battery manufacturer’s continued growth and success on a global scale.

As torrential rains caused severe flooding near Beijing, JD.com activated its emergency response, dispatching relief supplies to Miyun by 8 PM. The initial shipment included food, rescue equipment, and medical supplies donated via JD Health and philanthropic brands. JD.com is leveraging its logistics network to expedite supply movement and deploying personnel to assist relief efforts. JD Logistics couriers are aiding cleanup, ensuring last-mile delivery. The response is guided by a policy allowing rapid, decentralized action during national disasters.

Omai Gold Mines reported promising drill results from its 2025 resource expansion program at the Wenot deposit in Guyana. Highlights include 17.36 g/t Au over 7.5 meters, 2.64 g/t Au over 41.8 meters, and 3.49 g/t Au over 17.4 meters. The company has exceeded its initial drilling target, completing 20,500 meters across 37 holes. Drilling continues to extend gold mineralization, with results pending for 8 more holes. An updated Mineral Resource Estimate and Preliminary Economic Assessment are expected soon.

On July 27th, a chlorine gas leak occurred at a Mitsui Chemicals factory in Omuta, Japan, after a stainless-steel pipe ruptured. The incident led to 82 people, including residents and first responders, requiring medical attention for symptoms like coughing and nausea. The leak was contained within two hours. Mitsui Chemicals has formally apologized for the incident. Chlorine gas, while crucial for various industrial processes, is toxic and can cause severe respiratory and environmental damage.

Following China’s childcare subsidy program, Miniso launched its “Marriage and Childbirth Incentive Program” in March 2024, committing ¥10 million. Employees with over a year’s tenure receive ¥10,000 for marriage. Childbirth incentives are tiered: ¥10,000 for the first child, ¥20,000 for the second, and ¥30,000 onwards, with no limit. Male employees must complete parenting courses. By July 2025, ¥2.66 million has been disbursed to over 200 families, covering 111 marriage gifts and 114 childbirth incentives.

Intuit QuickBooks introduces new features including faster payments, AI-powered bank feed, automated depreciation methods, and Construction Industry Scheme (CIS) enhancements. QuickBooks Payments enables one-click invoice payments, while AI streamlines bank transaction categorization. Automated depreciation supports reducing balance methods. CIS improvements automate subcontractor statement sending and HMRC verification. These updates aim to simplify financial workflows, improve accuracy, and free up time for businesses and accountants, reflecting Intuit’s commitment to innovation and customer feedback.

At WAIC 2025, HiDream.ai unveiled advancements in multimodal agent technology for content creation, aiming for a productivity revolution. Their approach prioritizes practical application via a “MaaS-SaaS-RaaS” commercialization system, offering services ranging from foundational models to ready-made content. Technical leaps in their multimodal foundation model provide semantic consistency, precise control, and high image quality. Agents like Vivago and HiClip streamline content creation, tackling homogeneity in short videos and distribution inefficiencies in long-form videos.

iFlytek’s Spark Large Model (X1) now supports 130+ languages, outperforming GPT-4.1 in key languages, according to iFlytek. Its voice model excels in speech recognition (100 languages) and synthesis (55 languages), surpassing Whisper V3. Future development focuses on multimodal data fusion, native multilingual speech models, and cross-language knowledge transfer. iFlytek supports 120 million devices for companies like Huawei, BYD, and Haier in 23 languages, aiding global expansion. The company provides 813 AI interfaces, including 272 for multilingual applications, to 530,000 developers worldwide.

China Changan Automobile Group Co., Ltd. was officially established in Chongqing on July 29th as a state-owned automotive giant. With a registered capital of 20 billion yuan and Zhu Huarong as legal representative, the company aims to become a globally competitive automotive group with proprietary core technologies. The launch has attracted significant attention, including congratulations from Xiaomi CEO Lei Jun, who pledged collaboration to advance China’s automotive industry.