RBNZ C.BANK said a gradual withdrawal of monetary stimulus is appropriate to return inf to the 2% target midpoint while supporting economic growth and employment.

SK Biopharmaceuticals said on the 2nd it will acquire 128 NVIDIA B200 GPUs, AI accelerators to support AI-driven drug discovery and development. The devices will be provisioned via SK Telecom-built domestic data cluster HAEIN under a 17 billion won contract structured as an annual subscription, supplying the company with AI infrastructure. SK Biopharmaceuticals said it will apply AI across stages from candidate discovery to development and open innovation; if fully leveraged, AI could shorten experiments and analysis and accelerate a process that typically takes more than 10 years.

On Sept 1 the National Energy Administration said China’s new-type power grid will link upstream renewable generation with downstream industrial and residential demand, creating strong spillovers and requiring large-scale investment that supports near-term investment and long-term structural adjustment. The NEA instructed authorities to speed approval and construction of major grid projects including transmission corridors, strengthen overall coordination of new-grid development, and step up policy support and implementation.