The Bank of Korea raised rates on Thursday and sharply lifted GDP forecasts: 2026 to 3.3% from 2.6% (one-off +0.7 percentage point) and 2027 to 2.9% from 2.1% (+0.8 ppt). The bank cited a semiconductor supercycle tied to AI—boosting exports, investment and private consumption—as a key driver of the upgrades. Inflation forecasts were unchanged at 2.7% for 2026 and 2.3% for 2027. The package signals a clear shift in the Bank of Korea’s view: growth is stronger than previously judged, and policy sh

NVIDIA (NVDA.O) CFO said the company’s sovereign AI business more than doubled YoY and rose 35% QoQ.

At about 10:30 a.m. on Aug. 26, a mudslide on the Nepal side caused major casualties and missing persons at Gyirong port, Gyirong County, Shigatse, Tibet. The Ministry of Emergency Management dispatched a working group to the scene, deployed 249 personnel from the national comprehensive fire rescue force and 325 engineering-rescue personnel and equipment from China Aneng, PowerChina and other units, and sent Xinglitong communications support and an aerial magnetic-detection system for on-site technical support. The National Disaster Reduction and Relief Committee and the Ministry of Emergency Management activated a national level-2 disaster response and, with the National Food and Strategic Reserves Administration, allocated 30,000 central relief items — tents, heaters, quilts, folding beds and moisture-proof mats — to support evacuee relocation and relief operations.