Beschloss on Trump's Japan and South Korea Tariffs
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Yahoo
20 minutes ago
- Yahoo
ELEGOO to Make IFA Debut, Bringing 3D Printing into Everyday Life
SHENZHEN, China, Aug. 20, 2025 /PRNewswire/ -- ELEGOO, a rapidly developing brand in global smart manufacturing, will participate for the first time at IFA 2025, held Sept. 1–5 at Messe Berlin (Hall 20-161). The company's debut at Europe's largest consumer electronics show underscores its mission to make 3D printing more accessible, affordable and enjoyable for everyday users. Since entering the 3D printing industry, ELEGOO has focused on democratizing 3D printing—transforming it from a niche, industrial tool into a household technology that empowers every-day creativity and solves real-life problems. "3D printing is no longer a complex, professional-only technology," said Chris Hong, Founder of ELEGOO. "IFA is a great platform to let people experience how intuitive, intelligent and inspiring this technology can be in daily life." Innovations on Display At Hall 20, Stand 161, visitors will see a strong slate of innovative printers: Centauri Carbon, OrangeStorm Giga, Saturn 4 Ultra 6K, Mars 5 Ultra and the European premiere of Jupiter 2, which will officially launch later this year. Centauri Carbon, iF DESIGN AWARD 2025 winner, is one of Elegoo's flagship FDM 3D printers that boasts a 25% faster speed than counterparts. The printing time of a normal cellphone case can be reduced to less than 30 minutes. Jupiter 2 is a large-format resin 3D printer that raises the bar with a 14-inch 16K LCD screen, achieving the series' highest 20×26µm XY resolution for razor-sharp details and ultra-smooth surfaces. All models combine high speed, precision and smart features to achieve user-friendly operations for all consumers while delivering professional-quality results. Visitors can experience the whole printing process using the displayed printers. Nexprint Platform and $1 Million Creator Fund Earlier this August, ELEGOO launched Nexprint, a creator platform designed to connect users worldwide and encourage sharing of original 3D models. The initiative is supported by a $1 million Creator Fund to reward innovative designs. Since 3D model files are the essential bridge between creativity and a printed object, the platform aims to simplify the most challenging step in the 3D printing process for consumers and inspire a new wave of creativity among beginners, hobbyists and professionals alike. Highlighting Diversity in Creation ELEGOO will also showcase the first phase of "ELEGOO with Her" program, which empowers women creators in home décor, education, fashion and cosplay. Seventy percent of participating designers in its first phase are new to 3D printing, reflecting the company's commitment to broadening access and fostering inclusivity in the maker community. A Booth Built by 3D Printing True to its vision, ELEGOO's booth will be designed as a 3D-printed living room where furniture and decorative pieces are all created by our printers. Also on display are prints that feature practical and creative solutions to everyday problems, showing how 3D printing can seamlessly integrate into home life. ELEGOO invites media representatives, industry professionals and consumers to visit Hall 20-161 to explore its products, discuss collaboration opportunities and experience first-hand how 3D printing is becoming part of everyday life. About Elegoo Founded in 2015, Elegoo is a rapidly developing brand in the global smart manufacturing industry, specializing in R&D, manufacturing, and sales of consumer-grade 3D printers, laser engravers, STEM kits, and other smart technology products. Located in Shenzhen, the Silicon Valley of China, the company has sold millions of products across more than 90 countries and regions. In 2024, the company's total sales revenue surpassed 200 million USD, with more than 700 employees and nearly 30,000 square meters of office and manufacturing area. With a focus on programming and 3D printing technology, Elegoo provides unique and smart creation spaces for diverse consumers to enhance personalized experiences. Get to know more about us at View original content to download multimedia: SOURCE Elegoo
Yahoo
20 minutes ago
- Yahoo
Hong Kong Exchange Posts Record Profit on IPO, Trading Surge
(Bloomberg) -- Hong Kong Exchanges and Clearing Ltd. delivered record profit in the second quarter as initial public offerings and trading boomed. The bourse's second-quarter profit rose 41% to HK$4.44 billion ($570 million), according to a statement Wednesday. Core revenue rose to HK$6.64 billion. Why New York City Has a Fleet of New EVs From a Dead Carmaker Chicago Schools Seeks $1 Billion of Short-Term Debt as Cash Gone Trump Takes Second Swing at Cutting Housing Assistance for Immigrants A Photographer's Pipe Dream: Capturing New York's Vast Water System A London Apartment Tower With Echoes of Victorian Rail and Ancient Rome Hong Kong's stock market has boomed this year, with its benchmark index surging and share sales posting a strong recovery as Chinese firms flock to raise capital. That in turn has boosted trading volumes, one of the main drivers of earnings for the exchange. Average daily turnover of equity products almost doubled in the period from a year earlier to HK$220 billion, according to the bourse. Southbound turnover, or flows from mainland China into Hong Kong, soared 154% while flows the other way to Shanghai and Shenzhen rose 19%. Share sales in Hong Kong have topped $46 billion this year, including a $5 billion deal from Contemporary Amperex Technology Co Ltd., according to Bloomberg-compiled data. Strong momentum is expected to carry through into the second half as more Chinese firms pivot to Hong Kong listings amid geopolitical turbulence. During the first half, 44 new listings debuted on HKEX, raising a total of HK$109.4 billion. The exchange had 207 active IPO applications at the end of June, more than double from the same period last year. 'While we celebrate these achievements, we must remain vigilant in the face of external uncertainties, including tariffs, geopolitical risks, and interest rate fluctuations,' said Chairman Carlson Tong in a statement. 'The bourse has also rolled out a series of measures to ease listings, including lowering revenue requirements and easing minimum float requirements, adding further momentum to the market.' HKEX's shares have risen 47% this year, beating the benchmark Hang Seng Index's gain of 24.5%. HKEX's corporate funds recorded a HK$1.044 billion net investment income in the first half, up 16% from a year earlier, in part on a 'non-recurring exchange gain' because of the appreciation of the US dollar against Hong Kong's counterpart, HKEX said. Net investment income from cash and bank deposits dropped 30% to HK$433 million. HKEX fully redeemed its external portfolio during the second quarter to pay for its permanent headquarters at Exchange Square, it said. The firm received HK$4.3 billion from the redemption in the first half and expecting another HK$600 million in the third quarter. The whole purchase will set HKEX back HK$6.3 billion, according to a statement in April. (Updates with details on IPO pipeline in sixth paragraph) Foreigners Are Buying US Homes Again While Americans Get Sidelined What Declining Cardboard Box Sales Tell Us About the US Economy Women's Earnings Never Really Recover After They Have Children Americans Are Getting Priced Out of Homeownership at Record Rates Survived Bankruptcy. Next Up: Cultural Relevance? ©2025 Bloomberg L.P. Sign in to access your portfolio
CNBC
23 minutes ago
- CNBC
How tourists are weathering geopolitical uncertainty, currency moves and extreme heat
Geopolitics, currency moves and extreme weather are increasingly playing into tourists' considerations for their next vacation and affecting classic holiday destinations. Staple European spots France, Spain and Croatia, for example, have been facing record-breaking heat in recent weeks, which triggered wildfires in some locations. Conflict in the Middle East has meanwhile meant that tourists in nearby Cyprus were able to see missiles and smoke in the sky from the beach. Sluggish economic growth and inflationary fears, largely linked to U.S. President Donald Trump's tariff policies, appear to be making consumers more cautious with their spending. A weaker U.S. dollar has also diminished the currency's purchasing power abroad, with a June report from the European Travel Commission showing that high travel costs, alongside the current global perception of the U.S., have been weighing on voyage plans. "For American travellers, a weaker dollar has fuelled demand for countries where their purchasing power goes further, from parts of Latin America to Southeast Asia. Many are opting for package deals that lock in rates upfront, effectively turning travel planning into a smart financial strategy," Nicholas Smith, holidays digital director at Thomas Cook and the eSky Group online travel agency, told CNBC by email. Travelers also appear to be thinking twice before picking the U.S. as a destination amid political tensions and an increase in reports of tourists being detained or interrogated as they enter or leave the country. Linda Jonczyk, a spokesperson for Europe's largest tour operator TUI, said that there has been "some decline" in bookings for travel to the U.S. Earlier this month, TUI CEO Sebastian Ebel reportedly attributed the pullback to factors including reports of tourists facing border control issues. Elsewhere, Europe remains a key destination, despite challenges. Smith said the British pound to euro conversion rate has remained relatively stable, and the familiarity many tourists have with mainland Europe works in the region's favor. "Greece and Turkey also remain firm favourites, even with seasonal wildfire headlines, thanks to their compelling mix of history, hospitality, and value for money," he said. But, Smith also noted that "Turkey has found itself in a slightly tricky predicament. Inflation has pushed up prices, however as most people book all inclusive, it is somewhat mitigated." Still, there has been a growing trend of consumers swapping heat for cooler destinations as part of so-called "coolcations," Smith said. This includes travelers now turning to countries such as Iceland, Norway and Poland. TUI's Jonczyk meanwhile noted that the company's business is becoming less seasonally focused as it responds to "more of our customers preferring to travel outside the peak summer season as weather patterns especially around the Mediterranean change." According to Thomas Cook's Smith, "holidaymakers in 2025 are factoring in more elements than ever when choosing where to go - from currency movements and visa rules to climate patterns and unique cultural draws." "Travellers are becoming more intentional," he added, noting that tourists are seeking out spots that suit them and their priorities, rather than simply avoiding certain locations. Europe's wildfires are an especially big concern among travelers right now, travel experts said, after heatwaves triggered outbreaks in tourist hotspots including Spain, Portugal and Greece. Flames are still spreading in some locations. Over the weekend, Spanish infrastructure such as roads and train services was impacted, as Madrid deployed military emergency troops to try and constrain the fires, Reuters reported. Fires are also continuing to rage in neighboring Portugal, which last week requested assistance from the European Union and was forced to evacuate residents in some regions. In emailed comments, Portugal's tourism office meanwhile told CNBC that the country "remains a safe, welcoming, and fully operational destination for travelers," and that visitors were being hosted "as planned." Local tourism infrastructure was prepared for challenges like wildfires, they added. Rhys Jones, a travel insurance specialist at GoCompare, told CNBC that the price comparison website has increasingly been receiving inquiries about what how to handle traveling in an area were wildfires raged at one point, or if there's a risk of blazes. "The first thing we recommend doing is checking whether the Foreign Office has deemed your destination safe to travel to," Jones told CNBC by email. "If the Foreign Office says it isn't safe, then it's important you take this advice seriously. If you decide to travel regardless of the warnings and need to claim for something that happens during the trip, your travel insurer could refuse your claim," Jones said. On the flipside, insurers might not pay out if you choose to stay at home despite the Foreign Office saying it is safe to travel and there are no reported issues with flights or accommodation, he added. Jo Rhodes, a travel specialist at U.K. consumer group Which?, echoed this advice. "Holidaymakers should wait until closer to the departure date to see if the holiday can go ahead or what flexible booking options are offered from the tour operator or airline. Travel companies will be prioritising anyone due to depart in the next couple of days," Rhodes told CNBC by email.
