Honesty and political trust would help EU-U.S. trade negotiations, says political advisor to Hungary's PM
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San Francisco Chronicle
an hour ago
- San Francisco Chronicle
North Korean leader's sister says her country will never see the South as a diplomatic partner
SEOUL, South Korea (AP) — The powerful sister of North Korean leader Kim Jong Un said her country will never see South Korea as a partner for diplomacy, state media reported on Wednesday in what was her latest taunt of Seoul's new efforts to mend ties. Kim Yo Jong, who is one of her brother's top foreign policy officials, denounced the ongoing South Korea-U.S. military drills as a 'reckless' invasion rehearsal and claimed Seoul's peace gestures conceal a 'sinister intention' against Pyongyang. Her comments came during a meeting on Tuesday with senior Foreign Ministry officials about her brother's diplomatic strategies in the face of persistent threats from rivals and a rapidly shifting geopolitical landscape, the North's official Korean Central News Agency said. On Monday, Kim Jong Un condemned the South Korean-U.S. military drills and vowed a rapid expansion of his nuclear forces as he inspected his most advanced warship being fitted with nuclear-capable systems. The North's news agency said Kim Yo Jong condemned the South as the 'top-class faithful dog' of the United States and that the reparation of inter-Korean relations desired by Seoul 'will never' happen. The siblings' back-to-back statements followed the latest outreach by South Korean President Lee Jae Myung, who said last week that Seoul would seek to restore a 2018 inter-Korean military agreement aimed at reducing border tensions, while urging Pyongyang to reciprocate by rebuilding trust and resuming dialogue. Since taking office in June, Lee has moved to repair relations that worsened under his conservative predecessor's hard-line policies, including removing front-line speakers that broadcast anti-North Korean propaganda and K-pop. In a nationally televised speech Friday, Lee said his government respects North Korea's current system and that the wealthier South 'will not pursue any form of unification by absorption and has no intention of engaging in hostile acts.' But he also stressed that the South remains committed to an international push to denuclearize the North and urged Pyongyang to resume dialogue with Washington and Seoul. Angered by expanding South Korean-U.S. military drills, Kim Jong Un last year declared that North Korea was abandoning long-standing goals of a peaceful unification with South Korea and rewrote the North's constitution to mark the South as a permanent enemy. Kim Yo Jong has repeatedly dismissed calls to revive negotiations aimed at winding down the North's nuclear and missile programs, which derailed in 2019 following her brother's collapsed summit with U.S. President Donald Trump during his first term. Since Russia's invasion of Ukraine, Kim Jong Un has made Moscow the priority of his foreign policy, sending troops and weapons to support President Vladimir Putin's war, while also using the conflict as a distraction to accelerate his military nuclear program.
Yahoo
3 hours ago
- Yahoo
Applied Digital stock jumps over 6% on $3 billion data center expansion announcement
Applied Digital (APLD) will break ground on a new $3 billion 280 MW data center, Polaris Forge 2, this coming September in North Dakota, according to a company press release. The site, which will be able to scale past the initial 280 MW, is expected to begin initial operations by 2026 and full capacity in early 2027. Enjoying the read? Get our newsletter directly to your inbox on all things Bitcoin-equities by clicking here. APLD's price jumped on the news, up 6.5% to $16.78 in early morning trading hours. Applied Digital has secured more than 900 acres for the campus and contracted power through Cass County Electric Cooperative, with additional support from Minnkota Power Cooperative. Polaris Forge 2 is expected to employ over 200 full-time staff and long-term contractors once fully operational, with room for expansion. 'We believe Polaris Forge 2 represents the next stage in Applied Digital's rapid growth and our position as a leader in delivering high-performance AI infrastructure,' said Applied Digital CEO Wes Cummins. Cummins also stated that the company is in advanced negotiations with a U.S.-based investment-grade hyperscaler for the campus. Update (12:00 PM ET, August 18, 2025): Edited for clarity and updated stock price with Trading View chart. Sign in to access your portfolio
Yahoo
3 hours ago
- Yahoo
MySize Credits Percentil Acquisition for Q2 Revenue Bump
Fashion technology company MySize said its acquisition of Spanish secondhand fashion marketplace Percentil helped the company achieve an increase in revenue for the second quarter of 2025. In the company's earnings report, MySize reported a 2 percent increase in revenue year-over-year for the three months ending June 30, bringing in $2 million. But its revenue for the six months ending June 30 was down year-over-year by 30 percent to $3.5 million, which MySize attributed to a decrease in sales for its fashion and equipment e-commerce division, Orgad, due to market changes. More from Sourcing Journal Impact and Profit Go Hand-in-Hand, ThredUp Impact Report Finds One in Five UK Consumers May Stop Shopping Online Over Cyberattacks This is What Trump's New AI Action Plan Says About American Jobs and Manufacturing Gross profit over the three-month period was up 14 percent to $1.1 million year-over-year, but down 30 percent for the six-month period to $1.5 million. MySize reported an operating loss of $586,000 for the second quarter, a 49 percent improvement from the same period in 2024. For the first two quarters combined, operating losses were $1.6 million, a 25 percent improvement over the same time last year. MySize's cash position sits at $4.28 million as of June 30, with $2.90 million in inventory. Percentil contributed $180,000 in revenue since its acquisition in May. And MySize said that it believes Percentil will continue to push the company forward, due to its operation in Spain and across Europe, directly in the path of the EU's Circular Economy Action Plan and Extended Producer Responsibility for textiles. With legislation forcing brands to manage the full lifecycle of their products, including take-back, recycling and repair, the Percentil acquisition provides a ready-made platform for compliance. 'We are focused on building long-term value while delivering operational progress each quarter,' said Ronen Luzon, founder and CEO of MySize. 'The EU is rewriting fashion's rulebook. Percentil is designed to help brands comply with these new standards and unlock new opportunities for growth.' Percentil's platform includes AI-powered product matching, garment grading and logistics integration that Luzon said will better position MySize to take advantage of the changing circularity landscape in fashion. 'Some companies see regulation as a hurdle. We see it as the competitive advantage,' Luzon said. 'In five years, we believe European fashion resale will not be a niche—it will be the infrastructure of the industry. We intend Percentil to be at the center of that infrastructure, enabling brands to comply, delight customers, and operate profitably in a circular economy.' MySize acquired Percentil in May for around 610,000 euros (approximately $679,000), and at the time, the company said it expected the Percentil business to generate $1.5 million in revenue during the second half of 2025. That would represent a a projected 25 percent increase to the company's total revenue. The company said it still expects Percentil's contributions to accelerate during the second half of this year, driven by brand partnerships and regulatory compliance demand. MySize recently transitioned fulfillment for its Orgad division to Fulfillment by Amazon, which lowered logistics costs and improved delivery efficiency. The company said that plays directly into its three-segment strategy of SaaS sizing solutions (MySizeID and NaizFit), fashion and equipment e-commerce (Orgad) and apparel resale (Percentil). Looking forward, MySize said its triple-revenue model will allow it to create operational synergies and recurring cash flow that it will need to be successful for the remainder of this year and beyond. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
