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Nintendo promises stronger results with Switch 2 console going on sale in June

Nintendo promises stronger results with Switch 2 console going on sale in June

Washington Post08-05-2025

Nintendo promises stronger results with Switch 2 console going on sale in June
Japanese video-game maker Nintendo has reported a 43% decline in profit for the fiscal year through March, but promised a turnaround as its Switch console upgrade goes on sale in June
May 8, 2025 at 3:51 a.m. EDT
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TradeCafe Appoints Flexport and PayPal Veteran Huey Lin to Board as Company Accelerates Global Expansion
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Business Upturn

time24 minutes ago

  • Business Upturn

TradeCafe Appoints Flexport and PayPal Veteran Huey Lin to Board as Company Accelerates Global Expansion

Guadalupe, June 10, 2025 (GLOBE NEWSWIRE) — Guadalupe, Nuevo León – Toronto, Canada – June 10, 2025 – TradeCafe, a global marketplace transforming how the global spot market for physical agri-commodities transacts, today announced the appointment of Huey Lin to its Board of Directors. Lin brings rare expertise at the intersection of global logistics and fintech from leadership roles at Flexport, Affirm, and PayPal. The appointment comes at a pivotal moment for TradeCafe as the company accelerates its mission to digitize the traditionally opaque and fragmented agri-commodity trading ecosystem. With global food security and supply chain resilience becoming increasingly critical, TradeCafe's platform addresses fundamental inefficiencies in how agricultural products move from producers to consumers worldwide. The company's technology-enabled approach is particularly vital as climate volatility and geopolitical tensions continue to impact global food supply chains, creating unprecedented demand for transparent, efficient trading solutions. Adding Lin to the board strengthens TradeCafe's board as the company expands its digital footprint and advances toward its next rounds of funding. Lin currently serves on the boards of the Singapore Exchange (SGX), Hang Seng Bank, and fintech unicorn Nium, bringing deep governance experience from both established institutions and high-growth technology companies. Her multi-market perspective spans Asia-Pacific and North American markets, providing invaluable insights for TradeCafe's global expansion strategy. Lin's appointment brings critical operational expertise from the intersection of global logistics and fintech. As President of Flexport Asia she scaled the company's most strategic and fastest-growing region and helped build technology-enabled supply chain solutions that revolutionized freight forwarding. At Affirm, she pioneered new financial products as a founding executive and COO, contributing to the company's transformation of consumer lending. Her foundation in payments innovation began at PayPal, where she was one of the first product managers driving international expansion during the company's formative years. Currently, Lin is an active angel investor and advisor to companies ranging from pre-seed to high-growth stages, with a particular focus on supply chain innovation and financial infrastructure. 'We're thrilled to welcome Huey to the TradeCafe board,' said Nicholas Walker, CEO of Bassett & Walker Inc., and Director of TradeCafe. 'Her rare blend of operational depth and strategic foresight, from scaling cross-border operations at Flexport to driving transparency at PayPal and Affirm, aligns perfectly with our mission to transform the global protein trade. Her insights will be instrumental as we expand our digital marketplace.' 'TradeCafe is revolutionizing how physical agri-commodities are traded in spot markets the way PayPal transformed payments,' said Lin. 'I'm excited to help build infrastructure that makes global agri-commodity trading more efficient, transparent, and accessible for everyone.' Lin's appointment signals TradeCafe's ambition to become the de facto clearinghouse for the $2 trillion global spot transaction market for physical agri-commodities, using technology to provide the transparency and efficiency currently missing in this industry. About TradeCafe TradeCafe is a forward thinking technology-driven global marketplace where buyers and sellers in the global spot transaction market for physical agri-commodities execute, finance, and fulfill transactions seamlessly. Having facilitated over $3 billion in transactions to date across more than 80 markets, TradeCafe is rapidly becoming the trusted infrastructure for spot agri-commodity trading. The platform's comprehensive suite of tools includes price discovery, transaction management, and end-to-end fulfillment and logistics capabilities. Learn more at Media Contact: John DietrichHead of MarketingTradeCafe [email protected] +1 647-278-9269

Gold Edges Higher as U.S.-China Trade Talks Remain in Focus
Gold Edges Higher as U.S.-China Trade Talks Remain in Focus

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Gold Edges Higher as U.S.-China Trade Talks Remain in Focus

2355 GMT — Gold edges higher in the early Asian session as traders nervously eye U.S.-China trade talks. 'Hopes for a resolution between the world's two largest economies could potentially ease global trade disruptions,' Pepperstone's Quasar Elizundia says in an email. 'Further progress or a potential deal could be bearish for gold, which had previously benefited from geopolitical tensions,' the research strategist adds. The negotiations have been 'productive,' U.S. Treasury Secretary Bessent said as he headed back to the U.S. for planned testimony to Congress on Wednesday. Spot gold is 0.1% higher at $3,326.85/oz. (

Asia-Pacific markets set to mostly climb after Wall Street gains on optimism over U.S.-China trade talks progress
Asia-Pacific markets set to mostly climb after Wall Street gains on optimism over U.S.-China trade talks progress

CNBC

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Asia-Pacific markets set to mostly climb after Wall Street gains on optimism over U.S.-China trade talks progress

Maremagnum | Corbis Documentary | Getty Images Asia-Pacific markets were set to mostly climb Wednesday as investors continue to track trade discussions between the U.S. and China, which U.S. Commerce Secretary Howard Lutnick described as being "productive." The talks between officials from both superpowers had continued for a second day in London on Tuesday. U.S. Treasury Secretary Scott Bessent said he was departing the ongoing trade talks, but Lutnick and U.S. Trade Representative Jamieson Greer would remain to continue the negotiations. Discussions could extend into Wednesday if needed, Lutnick said previously. Japan's benchmark Nikkei 225 was set to open higher, with the futures contract in Chicago at 38,455 while its counterpart in Osaka last traded at 38,370, against the index's Tuesday close of 38,211.51. Futures for Hong Kong's Hang Seng index stood at 24,111, pointing to a weaker open compared to the HSI's last close of 24,162.87. Australia's S&P/ASX 200 is set to start the day higher, with futures tied to the benchmark at 8,620, compared to its record-high close of 8,587.20 in the previous session. U.S. stock futures were near the flatline in early Asian hours, as investors waited for more insight on trade discussions, as well as the release of May's U.S. consumer inflation report. Overnight stateside, all three key benchmarks rose on hopes for a positive resolution on the trade talks. The Dow Jones Industrial Average added 105.11 points, or 0.25%, and closed at 42,866.87. The S&P 500 rose 0.55% to end at 6,038.81, while the Nasdaq Composite gained 0.63% and settled at 19,714.99. It was the third positive session for both indexes. — CNBC's Kevin Breuninger, Pia Singh, Alex Harring contributed to this report.

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