Bank of Korea Cuts Rates, Slashes 2025 Growth Outlook
South Korea's central bank slashed its growth outlook for the year, cutting its policy rate in a widely expected move to support the country's sagging economy.
Ending a pause in its easing cycle, the Bank of Korea lowered its benchmark seven-day repurchase rate by a quarter percentage point to 2.50% on Thursday.
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3 Sustainable Suitcase Brands For Stylish Travelers
Young Asian woman carrying suitcase and holding smartphone on hand, walking in airport terminal. Recycled luggage used to get a bad rap. Some travelers thought it wouldn't hold up or assumed it lacked style. That's changed. The best sustainable suitcases today are tough, well-designed, and built with smart details you'd expect from top-tier brands. They don't just look good, they outperform the cheap carry-ons stacked in big box stores. These bags, crafted from materials such as ocean-bound plastic and recycled polycarbonate, are not only environmentally friendly but also visually pleasing. After testing several bags firsthand, these three stood out for their mix of durability, functionality, and design. Even if you don't pack light, they make it easier to travel responsibly. The genius check-in system designed by Solgaard. I didn't expect a suitcase to change the way I pack, but Solgaard's Check-In Closet really did. Designed by Adrian Solgaard, the bag is smart, streamlined, and actually useful, not just a sustainability talking point. What makes it stand out is the built-in shelving system. You pack your clothes into little shelves, compress the whole thing with straps, then lift it out and hang it directly in your hotel closet. No unpacking, no piles of clothes everywhere. It's kind of genius. The outer shell is made from ocean-bound plastic, and the brand makes a clear effort to walk the walk when it comes to eco-credentials. Every purchase helps pull plastic from coastal communities where it's likely to end up in the ocean. And the whole vibe? The bag reminds me of old-school steamer trunks reimagined for modern travelers. There's also a carry-on version — one with the same clip closure and a 'lite' option with zippers. I found the Check-In size roomy and smooth to roll, even when fully loaded. Just a heads-up: it's easy to overpack, and once it's heavy, it can be a bit difficult to handle. I've also heard from a couple of friends who travel constantly that the wheels can wear down over time, so it might not be the forever bag for hardcore frequent flyers. But for most trips, it's a serious upgrade. Actor Jon Hamm has been seen with this bag. Quince, the direct-to-consumer brand started by Sid Gupta, has figured out how to keep prices low without sacrificing design, quality, and responsible manufacturing. I tested their Expandable Carry-On in a deep forest green, made from recycled polycarbonate, and it felt solid — not flimsy or 'budget.' The company's pretty open about its production practices too, which I appreciate. And apparently Jon Hamm travels with one. Not that I base my gear choices on celebrity sightings, but still — it's a detail that caught my eye. In action, the bag glides easily and feels lighter than it looks. The expandable feature came in handy more than once — I always end up with a few extra items on the return leg (bottles of wine, bags of pasta). One heads-up: if you consistently stuff it to the brim, the zippers might eventually feel the strain. Guilty. I also liked the removable laundry bag, which makes separating dirty clothes way less annoying. Almost too pretty to use, Paravel comes in attractive colors and a vegan leather trim. Founded by Indré Rockefeller and Andy Krantz, Paravel has become the poster child for stylish, environmentally friendly luggage. The Aviator Grand Checked suitcase caught my eye, especially in the bold cherry-red color. The bag is built from recycled polycarbonate, aluminum, and zippers, then trimmed with vegan leather derived from recycled plastic bottles. If you want your bag monogrammed for that extra touch of luxe, they can do that, too. Paravel offsets carbon emissions through its shipping policy and clearly highlights its sustainability certifications, including Climate Neutral Certification, OEKO-TEX Standard 100, and Global Recycled Standard (GRS), on its site. This suitcase glided effortlessly through airport terminals, even fully loaded. The sole issue I had was the glossy finish. While attractive, it scuffs easily. In truth, all bags wear down over time, but considering how pretty this bag is, I wish I could have sent it through the airport in a cover to keep it looking polished.
Associated Press
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Associated Press
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GMTech Inc. Announces the Launch of NEW WEB3 Smartphone
HONG KONG / ACCESS Newswire / May 30, 2025 / Shenggang Excellence Limited, a wholly-owned subsidiary of global technology giant GMTECH INC. (OTC Pink:GMTH), announced that it will once again launch a new generation of Web3 native smart terminals. This new model has achieved multiple breakthroughs based on the previous generation of technology and officially entered the next stage of decentralized smart terminals. The new device integrates three core modules: DePIN (decentralized Internet of Things), DID (on-chain identity), and edge AI computing, and for the first time realizes lightweight consensus operation and multi-chain ecological compatibility under the 'hardware as node' architecture. It supports native custody of on-chain assets, encrypted communication, distributed storage links and other functions, and is committed to creating a truly 'chain-born' user operating system. Compared with the first EARSON, this product has been comprehensively upgraded in terms of processor performance, node capacity, battery life and ecological compatibility, and will be officially launched in core markets such as Asia and the Middle East. Juan Yang, CEO of GMTECH INC., said: 'We believe that the launch of this product will not only significantly promote the popularization of Web3 smart terminals, but also inspire users around the world to have a new understanding of the decentralized ecological entrance. We have observed that the Web3 and DePIN tracks are developing rapidly, and according to third-party forecasts, their overall market value is expected to exceed 10 trillion Hong Kong dollars by 2030. In response, our goal is not only to launch a device, but also to open a portal to the next generation of the Internet.' Currently, Shenggang Excellence has established a deep cooperation framework with many leading public chains, distributed payment and storage projects, and is building a complete chain ecosystem around the terminal covering multiple scenarios such as wallets, security, payment, and social networking. Juan Yang further pointed out: 'This launch represents Shenggang Excellence's transformation from a 'smartphone manufacturer' to a 'decentralized ecological infrastructure builder', and is also another strategic leap achieved by its parent company GMTECH INC. in the field of smart hardware and blockchain integration. The launch of this product will further consolidate GMTECH INC.'s leading position in the next-generation Internet technology landscape and inject new growth momentum into its global technology market valuation system.' About GMTech Inc. GMTech Inc. is a technology company providing IT consulting services to clients and is also expanding its business to design and development of smartphone with WEB3 elements integrated through its wholly owned Hong Kong subsidiary, Shenggang Excellence Limited. Forward-Looking Statements This press release contains information about the Company's view of its future expectations, plans and prospects that constitute 'forward-looking statements' within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. When used in this press release, the words 'anticipate,' 'believe,' 'estimate,' 'expect,' 'future,' 'intend,' 'plan,' or the negative of these terms and similar expressions, as they relate to us or our management, identify forward‐looking statements. Forward-looking statements are neither historical facts nor assurances of future performance and reflect the current view about future events. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy, activities of regulators and future regulations and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Actual results may differ materially from historical results or those indicated by these forward-looking statements as a result of a variety of factors including, but not limited to, risks and uncertainties associated with its ability to raise additional funding, its ability to maintain and grow its business, variability of operating results, its ability to maintain and enhance its brand, its development and introduction of new products and services, the successful integration of acquired companies, technologies and assets into its portfolio of products and services, marketing and other business development initiatives, competition in the industry, general government regulation, economic conditions, dependence on key personnel, the ability to attract, hire and retain personnel who possess the technical skills and experience necessary to meet the requirements of its clients, and its ability to protect its intellectual property. Therefore, you should not rely on any of these forward-looking statements. The Company encourages you to review other factors that may affect its future results in the Company's annual reports and in its other filings with the Securities and Exchange Commission. Any forward-looking statement made by us in this press release is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise. For more information, please contact: [email protected] SOURCE: GMTech Inc. press release
