
South Korea's Lee to Visit US for First Meeting With Trump
Lee will travel to Washington for a summit with Trump on Aug. 25 that will also include a lunch between the leaders, South Korea's presidential office said on Tuesday. The leaders will discuss ways to develop their alliance in a 'future-oriented, comprehensive' manner, Lee's spokesperson Kang Yu-jung said.
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Democrat Sherrod Brown to seek a return to US Senate in 2026 election, media reports say
By Richard Cowan WASHINGTON (Reuters) -Democrat Sherrod Brown will attempt to win back his U.S. Senate seat in Ohio in next year's midterm elections, according to media reports, in a race that likely would pit him against Republican Senator John Husted as Democrats fight to win back control of the chamber. The media site reported that Brown will jump into the contest, citing unnamed Ohio labor leaders familiar with his thinking. Brown was not reachable for comment. Brown, 72, served for 18 years in the Senate before he lost to Republican Bernie Moreno last November in a 50.1%-46.5% vote. Republicans currently hold a 53-47 majority in the Senate, and Ohio could become the site of one of a half-dozen most competitive races in next year's elections. Husted was appointed in January to temporarily fill the seat vacated by JD Vance when he became vice president. The winner of the November 2026 special election would serve the remainder of Vance's Senate term, ending in January 2029. Brown anchored his long congressional career as a dogged fighter for blue-collar workers in Ohio, which has suffered job losses as steel, automotive and other jobs moved abroad. Once a battlefield state, Ohio has leaned increasingly Republican over the past decade. Last November, Republican Donald Trump handily defeated Democratic presidential candidate Kamala Harris 55.2%-44% in Ohio, where he remains a potent political force. Both Brown and Husted would be favored to win their respective parties' primary races next year. After his defeat last November, Brown founded the Dignity of Work Institute, aimed at improving pay and benefits for working-class people.
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Verde AgriTech Ltd (VNPKF) Half Year 2025 Earnings Call Highlights: Navigating Challenges with ...
Release Date: August 11, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Verde AgriTech Ltd (VNPKF) reported a slight increase in gross margin and a reduction in sales and marketing expenses, aligning with cost reduction strategies. The company achieved a positive operating cash inflow, indicating a potential turnaround and consolidation before future growth. Verde AgriTech Ltd (VNPKF) successfully renegotiated its debt, moving the bulk to long-term, showcasing creditor support despite the challenging Brazilian agricultural crisis. The company is actively utilizing AI to replace certain roles, leading to cost savings without compromising performance. Verde AgriTech Ltd (VNPKF) maintained its product delivery volume despite the ongoing Brazilian agricultural crisis, delivering about 80,000 tons in Q2 2025, similar to Q2 2024. Negative Points The Brazilian agricultural crisis has severely impacted the market, with many farmers applying for creditor protection and struggling to finance agricultural inputs. High interest rates in Brazil, currently averaging 15%, have increased the cost of capital, further straining the agricultural sector. The devaluation of the Brazilian real has negatively impacted sales revenue per ton, despite some cost advantages. The company faces challenges in expanding sales due to farmers' limited ability to choose inputs based on financing availability rather than preference. Verde AgriTech Ltd (VNPKF) experienced a slight reduction in cash position, although short-term receivables remain strong. Q & A Highlights Warning! GuruFocus has detected 5 Warning Signs with VNPKF. Q: What is the current status of Verde AgriTech's debt renegotiation, and how have the banks responded? A: Christiano Velozo, CEO, stated that the renegotiated terms were surprisingly beneficial for Verde AgriTech. The banks have been very supportive, and there is no reason to believe they won't continue to support the company as it evolves. This support allows the company to focus on client relationships and product development. Q: How is the Brazilian agricultural crisis affecting Verde AgriTech's operations and sales? A: The CEO mentioned that the crisis has led to a challenging market environment, with many farmers unable to purchase necessary agricultural inputs due to financial constraints. Despite this, Verde AgriTech managed to maintain its sales volume, delivering about 80,000 tons of product, similar to the previous year. The company is hopeful for market normalization in the coming years. Q: What are the company's strategies for cost reduction and efficiency improvements? A: Verde AgriTech has been actively reducing costs by replacing some roles with AI, which has allowed the company to maintain performance without compromising results. The CFO, Philippe Pucci, highlighted a reduction in general and administrative expenses and a positive operating cash inflow, indicating a turning point towards consolidation and future growth. Q: How does the current high-interest rate environment in Brazil impact Verde AgriTech? A: The CFO explained that the high-interest rates, currently averaging 15% per year, have a direct impact on the business due to loans based on the CD rate. However, a reduction in interest rates is expected, which would lower costs for farmers and potentially reverse the current economic cycle. Q: What is the company's approach to the enhanced rock weathering and carbon credits market? A: The CEO stated that the science and standards for enhanced rock weathering are still evolving, and Verde AgriTech will not speculate until there is material information from the market. The company is part of a working group with certifiers like Puro and NASDAQ to develop standards for measuring carbon and issuing carbon credits. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
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Kelly Engineering Named Back-to-Back Contingent Staffing Star Performer, Leader by Everest Group
Recognition highlights year-over-year growth in market impact, vision and investments Everest Group US Engineering Contingent Talent and Strategic Solutions PEAK Matrix 2025 TROY, Mich., Aug. 12, 2025 (GLOBE NEWSWIRE) -- Kelly® Engineering, a division of leading specialty talent solutions provider Kelly (Nasdaq: KELYA, KELYB), has been named a Star Performer and Leader on Everest Group's 2025 US Contingent Staffing PEAK Matrix® Assessment. The recognition marks the second straight year Kelly Engineering has been positioned as a Star Performer and the fourth consecutive year it has been named a Leader by Everest Group, highlighting its exceptional growth in market impact, vision and strategic investments. Kelly Engineering achieved this designation by continuing to diversify its industry coverage and sourcing capabilities for advanced engineering roles. Everest Group noted that Kelly Engineering has one of the highest organic revenue growth rates in the industry with well-established capabilities in managed services, a strong vision, and strategic investments to enhance its technology stack, including advanced AI integrations. 'Recognition as a four-time Leader and repeat Star Performer is a rare and outstanding achievement in our industry. In addition to performing consistently at a high level, you must anticipate clients' needs and evolve to offer the solutions they demand in an ever-changing market,' said Linda Stuit, Kelly Engineering Senior Vice President. 'This assessment reflects that at Kelly we don't simply fill roles for our clients; we're helping them solve some of the biggest engineering challenges with speed and at scale.' Everest Group's PEAK Matrix® assesses contingent staffing providers in seven categories: vision and strategy, delivery of output-based staffing solutions, learning and upskilling solutions, market impact, technology capabilities, equity and inclusion solutions, and future investments. They are ranked as Leaders, Major Contenders, or Aspirants. Star Performers are identified based on year-over-year performance movement on the PEAK Matrix®. 'Kelly Engineering has demonstrated strong capabilities in delivering engineering contingent talent solutions through its specialized focus on high-skilled engineering disciplines and comprehensive outcome-based offerings through the statementworX suite. Its dedicated investments in automation, digital onboarding, AI-enabled sourcing, robust upskilling and learning offerings, as well as its strong delivery capabilities, have contributed to its recognition as a Leader and Star Performer on Everest Group's US Engineering Contingent Talent and Strategic Solutions PEAK Matrix® Assessment 2025,' said Priyanka Mitra, Vice President, Everest Group. In addition to Everest Group's findings, Kelly Engineering was also recognized by Staffing Industry Analysts (SIA) as the fourth-largest engineering staffing firm in the United States in 2025. Kelly Engineering focuses on recruiting skilled engineers across industries like semiconductors, industrial automation, automotive, medical devices, aerospace, energy, and chemical manufacturing. It offers a comprehensive range of services, including a suite of flexible statement of work (SOW) solutions called statementworX™, contract staffing, and direct hire services, all designed to help clients find top talent quickly and efficiently. As the experts at empowering experts, nearly all Kelly Engineering recruiters have an engineering background. About Kelly EngineeringKelly Engineering creates expert talent solutions to solve the world's most critical challenges. As the fourth-ranked engineering staffing provider in the U.S., we connect thousands of engineers each year to careers on the cutting edge of their fields—from sustainable mobility and energy to medical device and biopharmaceutical manufacturing. We give our clients a competitive edge by offering a full range of flexible workforce solutions, including a suite of statement of work (SOW) services called statementworX, contract staffing, and direct hire. Visit our website and follow us on X and LinkedIn to discover what's next in engineering. About Everest GroupEverest Group is a leading global research firm helping business leaders make confident decisions. Everest Group's PEAK Matrix® assessments provide the analysis and insights enterprises need to make critical selection decisions about global services providers, locations, and products and solutions within various market segments. Likewise, providers of these services, products, and solutions, look to the PEAK Matrix® to gauge and calibrate their offerings against others in the industry or market. Find further details and in-depth content at DisclaimerLicensed extracts taken from Everest Group's PEAK Matrix® Reports, may be used by licensed third parties for use in their own marketing and promotional activities and collateral. Selected extracts from Everest Group's PEAK Matrix® reports do not necessarily provide the full context of our research and analysis. All research and analysis conducted by Everest Group's analysts and included in Everest Group's PEAK Matrix® reports is independent and no organization has paid a fee to be featured or to influence their ranking. To access the complete research and to learn more about our methodology, please visit Everest Group PEAK Matrix® Reports. Media ContactChristian A photo accompanying this announcement is available at This press release was published by a CLEAR® Verified individual.