Category: 3. Business

  • [Next-Generation Communications Leadership Interview ②] Charting the Course to 6G Standardization With a Unified Vision – Samsung Global Newsroom

    [Next-Generation Communications Leadership Interview ②] Charting the Course to 6G Standardization With a Unified Vision – Samsung Global Newsroom

    Part two of the interview series covers Samsung’s expanding influence in global 6G standardization efforts, with a focus on establishing consensus in the communications industry

    Samsung Newsroom interviews Dr. Younsun Kim, Master at Samsung Electronics’ Technology Standards Research Team and Chair of 3GPP RAN

    Discussions on 6G standardization are now in full swing. With the goal of achieving commercialization by 2030, major international standardization bodies, including the 3rd Generation Partnership Project (3GPP), have started addressing 6G-related technology agendas this year and have begun formal work on technical standardization.

     

    In this context, Dr. Younsun Kim, Master at Samsung Electronics’ Technology Standards Research Team, was elected Chair of the 3GPP Technical Specification Group Radio Access Network (TSG RAN) in March, marking the first time a Korean has taken on the role. As Chair, Dr. Kim is expected to play a pivotal role in shaping next-generation communications standards in this early and formative phase.

     

    Following part one of this interview series, Samsung Newsroom sat down with Dr. Kim for part two to explore the strategic challenges and opportunities he faces in his leadership roles at 3GPP and Samsung Research, as well as his vision for the future of 6G standardization.

     

    ▲ Dr. Younsun Kim, Master at Samsung Electronics’ Technology Standards Research Team

     

     

    Full-Scale Launch of 6G Technical Standardization Efforts in 2025

    In 2023, the International Telecommunication Union Radiocommunication Sector (ITU-R) released the 6G Framework, outlining the overarching direction for future communications technologies. By 2026, the organization aims to finalize both the technical requirements and evaluation methods for candidate technologies.

     

    In line with this timeline, 3GPP held a 6G workshop in Korea this past March, officially marking the start of formal standardization efforts. TSG RAN — currently chaired by Dr. Kim — plays a central role in this process, accounting for a major portion of patents associated with global communication standards.

     

    “During the June meeting — the first meeting I chaired since taking on the role — we approved the 6G Study Item,1 the official starting point of 6G technology research,” said Dr. Kim. “We’ve now entered the phase of closely evaluating the performance enhancement potentials of candidate technologies. Based on these findings, the roadmap and timeline for 6G specifications are expected to be finalized by June of next year.”

     

    ▲ 6G standardization roadmap

     

    6G development is currently in the stage of establishing use cases and technical requirements, which lays the groundwork for detailed research on candidate technologies. This research is expected to continue for approximately two years, through mid-2027. After that, the process will formally transition to the standard specification development phase, known as the Work Item,2 with the first set of official 6G specifications projected to be completed by mid-2029.

     

     

    Consensus-Building: The Core of Standardization Leadership

    Dr. Kim is an industry veteran who began his work on mobile-communication physical-layer standardization in 1999. Over the past 26 years, he has been involved in standardization activities across multiple generations from 3G to 6G. In 2017, he was appointed Vice Chair of RAN1, one of the working groups within 3GPP TSG RAN, and became Chair of RAN1 in 2021, where he led the development of the initial 5G standards and subsequent discussions to further advance 5G standardization. Since being elected Chair of the 3GPP TSG RAN in March, he now oversees all RAN-related standardization discussions.

     

    ▲ The journey from 3G to 6G standardization

     

    “As RAN1 Chair, I mainly approached the decision making process from a technical perspective. Even when discussions were intense, decisions could ultimately be made based on technical merit or evidence,” said Dr. Kim. “But now, overseeing the entire scope of RAN standardization, I find that many issues can no longer be resolved just based on technical aspects alone.”

     

    3GPP is a global partnership project comprising more than 800 member organizations from 43 countries. With such a wide range of stakeholders — each bringing their own needs, strategies, and technical proposals — the Chair plays a crucial role in shaping the technical agenda, mediating conflicting viewpoints, and guiding the overall direction of discussions.

     

    ▲ (Left) Dr. Younsun Kim presides over a 3GPP TSG RAN meeting; (Right) Attendees engage in the meeting proceedings.

     

    “One of the Chair’s key responsibilities is to lead discussions on future work scope of RAN working groups and coordinate development timelines. The role also involves setting technical priorities and steering dialogue in the right direction,” Dr. Kim explained. “That said, since 3GPP operates based on consensus, decisions are made only when a shared understanding is reached among participating companies.”

     

     

    The Need for Balance That Goes Beyond Corporate and National Interests

    Building consensus is no easy task. As the focal point of standardization discussions, the Chair must act as both a trusted architect and an impartial mediator, capable of reconciling a wide range of interests. The role demands a global perspective and strong sense of balance that transcend corporate or national affiliations.

     

    “The foremost duty of the Chair is to build a structure that partners can trust and rally behind,” said Dr. Kim. “Driving consensus requires the ability to understand differing regional and business perspectives — and to craft workable compromises. Over the next four years, I’ll focus on deepening engagement with member companies and gaining a fuller understanding of their views.”

     

     

    As the first Korean to chair the 3GPP TSG RAN, Dr. Kim is a true trailblazer. His leadership not only marks a personal milestone but also reflects Samsung Electronics’ growing influence across the global standardization landscape. Backed by the company’s technological expertise, Dr. Kim is helping carry forward Samsung’s legacy of innovation on the world stage as the industry turns its focus to how the 6G standard will take shape in the years ahead.

     

    In part three of this series, Samsung Newsroom will explore AI-RAN, a next-generation communications technology poised to reshape the industry, and highlight Samsung’s research initiatives aimed at establishing it as a global standard.

     

     

    1 A preliminary research phase focused on evaluating the technical feasibility and performance of candidate 6G technologies before formal specification begins.
    2 A formal development phase in which technologies identified during the Study Item are further refined, specified and incorporated into official standard specifications.

    Continue Reading

  • Trump picks new head for Bureau of Labor Statistics

    Trump picks new head for Bureau of Labor Statistics

    US President Donald Trump has picked an economist at a conservative think tank to lead the Bureau of Labor Statistics (BLS), after firing its previous commissioner this month following weaker-than-expected jobs data.

    The president said he was nominating EJ Antoni, a federal budget analyst with the Heritage Foundation, to be commissioner of one of America’s most important economic institutions.

    “Our Economy is booming, and E.J. will ensure that the Numbers released are HONEST and ACCURATE,” he posted on Truth Social.

    Earlier in August Trump fired BLS Commissioner Erika McEntarfer, accusing her of having “rigged” jobs figures to make him look bad – a claim rejected by several other economists.

    She was fired after BLS figures this month showing that employers in the US added just 73,000 jobs in July, far below forecasts of 109,000 new roles, stoked alarm about Trump’s tariff policy.

    The agency also revised down employment growth in May and June, reporting 250,000 fewer jobs than previously thought. It was the largest downward revision in employment figures – apart from the Covid-era – since 1979.

    Although the revisions were bigger than usual, it is normal for the initial monthly number to be changed as more data comes to light.

    McEntarfer worked for the government for more than 20 years before being nominated by Biden to lead the BLS in 2023.

    Continue Reading

  • A taste of how AI could help prevent 600 million cases of food poisoning – News and events

    A taste of how AI could help prevent 600 million cases of food poisoning – News and events


    12 August 2025

    Pistachios were among the nuts studied, using AI to test for toxic compounds.

    An international team of researchers has demonstrated how artificial intelligence (AI) can now detect contaminated food in fields and factories before it reaches consumers, potentially saving four million deaths annually.

    Led by the University of South Australia, a new paper published in the journal Toxins describes how advanced hyperspectral imaging (HSI) integrated with machine learning (ML) can identify mycotoxins – dangerous compounds produced by fungi that can contaminate food during growth, harvest and storage.

    Mycotoxins cause a range of serious health issues, such as cancer, compromised immunity and hormone-related disorders. According to the World Health Organization, foodborne contamination, including from mycotoxins, results in 600 million illnesses and 4.2 million deaths each year.

    The UN-based Food and Agricultural Organization estimates that about 25% of the world’s crops are contaminated by mycotoxin-producing fungi, highlighting the economic and health imperatives to address this threat.

    Lead author and UniSA PhD candidate Ahasan Kabir says that traditional mycotoxin detection methods are time-consuming, expensive and destructive, making them unsuitable for large-scale real-time food processing.

    “In contrast, hyperspectral imaging – a technique that captures images with detailed spectral information – allows us to quickly detect and quantify contamination across entire food samples without destroying them,” Kabir says.

    Kabir and his co-authors in Australia, Canada and India evaluated the effectiveness of HSI in detecting toxic compounds in cereal grains and nuts, the world’s most produced food and the economic backbone of many countries.

    Both are highly susceptible to fungi and mycotoxin contamination in warm, humid environments, from cultivation to storage.

    “HSI captures an optical footprint of mycotoxins and when paired with machine learning algorithms it rapidly classifies contaminated grains and nuts based on subtle spectral variations,” Kabir says.

    Imaging system on conveyer belt (a).png
    An advanced hyperspectral imaging system scans almonds on a conveyor belt.

    The researchers reviewed more than 80 recent studies across wheat, corn, barley, oats, almonds, peanuts and pistachios. Findings showed that ML-integrated HSI systems consistently outperformed conventional techniques in detecting key mycotoxins.

    “This technology is particularly effective at identifying aflatoxin B1, one of the most carcinogenic substances found in food, according to the project lead UniSA Professor Sang-Heon Lee.

    “It offers a scalable, non-invasive solution for industrial food safety, from sorting almonds to inspecting wheat and maize shipments,” says Prof Lee.

    One of the main advantages of this approach is the ability to work in real time. Researchers say that with further development, HSI and ML could be deployed on processing lines or handheld devices, reducing health risks and trade losses by ensuring that only safe, uncontaminated produce reaches consumers.

    The team is now working on refining the technique to improve its accuracy and reliability, using deep learning and AI.

    The research was supported by the Federal Government’s Research Training Program, with top-up funding from SureNut Australia

    ‘Detection of Mycotoxins in Cereal Grains and Nuts using Machine Learning Integrated Hyperspectral Imaging: A Review’ is published in Toxins. DOI: 10.3390/toxins17050219.

    The paper is authored by Ahasan Kabir, Associate Professor Ivan Lee and Professor Sang-Heon Lee (University of South Australia); Professor Chandra Singh (Lethbridge College, Canada); and Assistant Professors Gayatri Mishra and Brajesh Kumar Panda (Indian Institute of Technology Kharagpur).

    …………………………………………………………………………………………………………………………

    Media contacts:

    University of South Australia: Candy Gibson M: +61 434 605 142 E: candy.gibson@unisa.edu.au
    SureNut Australia: Drew Marin E: drew@omegaorchards.com.au

    Continue Reading

  • Asian Stocks Look Subdued Ahead of US Inflation: Markets Wrap

    Asian Stocks Look Subdued Ahead of US Inflation: Markets Wrap

    (Bloomberg) — Asian stocks were poised for a subdued open, weighed down by a risk-off mood on Wall Street ahead of a key inflation report likely to shape the Federal Reserve’s path on interest rates.

    Equity futures signaled losses in Hong Kong and Sydney, while Tokyo looked set to rise as markets reopen after a holiday. US stocks lost steam on Monday after climbing to the brink of all-time highs. Treasuries fluctuated and the dollar rose.

    With the earnings season almost done, investors are turning to economic data for clues on whether the Fed will be able to cut rates in September. The S&P 500 remained below 6,400. Apple Inc. slid after its best week since 2020. Intel Corp. climbed as its chief was expected to meet with President Donald Trump.

    Markets barely budged after reports Trump extended a pause of tariffs on Chinese goods for another 90 days. Gold futures held losses after he said imports of bullion won’t be subject to US tariffs. Bitcoin briefly topped $122,000.

    Data due Tuesday is forecast to show US consumers saw a slight pickup in inflation as retailers gradually raised prices on a variety of items subject to higher import duties.

    “The market’s reaction to any surprises in the numbers could be exaggerated — especially if a significantly hotter-than-expected CPI print leads traders to believe the Fed may not cut rates at its next meeting,” said Chris Larkin at E*Trade from Morgan Stanley.

    The Fed’s two vice chairs, Michelle Bowman and Philip Jefferson, and Dallas Fed President Lorie Logan are under consideration to serve as chair of the central bank when the position opens next year, according to two administration officials. Treasury Secretary Scott Bessent will interview additional candidates in the coming weeks, said the officials.

    Trump also said he hopes China will massively step up its purchases of American soybeans, even as the Asian nation has yet to book any cargoes for the upcoming season and is stepping up rare exports of soybean oil.

    The long-troubled lithium market received a boost when China’s CATL, the world’s biggest battery producer, confirmed the closure of its Jianxiawo mine on Monday, saying it’s seeking to renew its expired permit. Shares of North American producers soared as investors bet that the suspension would ease a supply glut and likely lead to a rebound in prices.

    Australia’s central bank is poised to deliver its third interest-rate cut this year on Tuesday as inflationary pressures ebb, while Governor Michele Bullock is expected to stick with her cautious stance on the monetary policy outlook.

    In the US, the core consumer price index, regarded as a measure of underlying inflation because it strips out volatile food and energy costs, will show a 0.3% increase for July, according to the median projection in a Bloomberg survey of economists.

    “There is no doubt about it, CPI will not be good,” said Andrew Brenner at NatAlliance Securities. “The bigger question is ‘does it matter?’ We think not. Inflation will remain sticky, with potholes, but a weakening employment situation will commandeer the Fed outlook.”

    Money markets show traders have priced in more than two rate reductions by December, with about an 80% probability of a quarter-point Fed cut as early as next month.

    On the geopolitical front, President Trump downplayed expectations for his upcoming meeting with Russian leader Vladimir Putin as he seeks to end the war in Ukraine, casting it as a “feel-out meeting” and saying he would confer with Ukrainian and European leaders after the sitdown.

    Some of the main moves in markets:

    Stocks

    Hang Seng futures fell 0.5% as of 8:10 a.m. Tokyo time S&P/ASX 200 futures fell 0.1% Nikkei 225 futures rose 1% S&P 500 futures were little changed Currencies

    The euro was little changed at $1.1614 The Japanese yen was little changed at 148.20 per dollar The offshore yuan was little changed at 7.1952 Cryptocurrencies

    Bitcoin was little changed at $118,834.95 Ether fell 0.5% to $4,225.24 Bonds

    The yield on 10-year Treasuries was little changed at 4.28% Australia’s 10-year yield rose one basis point to 4.26% Commodities

    Spot gold rose 0.2% to $3,347.16 an ounce West Texas Intermediate crude rose 0.2% to $64.09 a barrel (An earlier version of this story was corrected to show that soybean exports referred to soybean oil)

    ©2025 Bloomberg L.P.

    Continue Reading

  • Air Canada pay talks intensify as cabin crew protest, threaten strike – Reuters

    1. Air Canada pay talks intensify as cabin crew protest, threaten strike  Reuters
    2. Air Canada flight attendants vote to strike if necessary to end unpaid work and poverty wages  Canadian Union of Public Employees
    3. CUPE : Air Canada Flight Attendants Stage National Day of Action to End Unpaid Work and Win a Fair Contract  Business Wire
    4. Air Canada flight attendants protest at Toronto’s Pearson Airport  Yahoo News Canada
    5. Planning to fly Air Canada? What you need to know about a potential strike looming  CTV News

    Continue Reading

  • Exclusive: Paxos joins spate of crypto companies applying for US trust bank licenses – Reuters

    1. Exclusive: Paxos joins spate of crypto companies applying for US trust bank licenses  Reuters
    2. Paxos to Pursue National Trust Charter with the Office of the Comptroller of the Currency  Morningstar
    3. Stablecoin issuer Paxos files application for national bank charter  MSN
    4. Paxos joins Ripple and Circle to Apply for a National Banking License  CoinGape
    5. Blockchain Infrastructure Leader Paxos Pursues Federal Trust Charter  Crypto Economy

    Continue Reading

  • Australia’s time has come to be a green energy-intensive export superpower | Rod Sims

    Australia’s time has come to be a green energy-intensive export superpower | Rod Sims

    What is your one big idea?

    One really big idea is to take the steps necessary to see Australia become a renewable energy superpower by exporting green energy-intensive products such as green iron, green aluminium, green transport fuels and green fertilisers. Australia is blessed with some of the best solar and wind resources with world-best availability factors, and comparatively little of this is needed domestically.

    These significant resources can be used to make energy-intensive exports. The key point to understand is that in the fossil fuel world it is low cost to transport, for example, our iron ore, coking coal, gas and thermal coal to north-east Asia where they are used to make iron and steel.

    In the net zero world, however, it is extremely expensive to export the renewable energy and the hydrogen to replace coking coal, which are needed to make green iron. So green iron should be made where the renewable resources are and where the hydrogen is made – in Australia. The change in transport costs flips the economics so that it is logical that more value adding occurs in Australia.

    What are the benefits?

    The benefits for Australia and the world are enormous. Significant investment is required, many skilled workers are needed, and our productivity will be boosted as the technology and learning-by-doing sees continuing improvement in making these products.

    The world benefits as well because if we realise our green energy-intensive export potential, Australia can produce products that will reduce world emissions by up to 10%. Countries that do not have the renewable resources to decarbonise themselves will rely on Australia playing its role, just as we have by being the world’s largest exporter of coal and gas combined.

    Sign up: AU Breaking News email

    What are the downsides?

    The only downside is that we do not know how quickly countries will meet their international commitments and decarbonise. The faster they do, the larger the opportunity for Australia.

    How practical is it?

    Australia as an energy-intensive green export superpower is extremely practical. Indeed, its time has come. Continually talking about the superpower opportunity without projects emerging encourages scepticism and sees other countries gain an advantage over us that they should not have. Other countries are starting projects and gaining the learning-by-doing lessons we should be benefiting from.

    What is needed is for the government to support early projects with 15% to 30% innovation capital grants and to provide initial support to make up for the lack of a world carbon price. If you believe in the climate science that fossil fuel use damages our environment, it is ridiculous that products that do not damage the environment are competing with those that do without the latter paying for the damage they cause.

    While not a necessary component of this big idea, this could all be paid for, with considerable money left over, if Australia introduced a carbon price. This would see Australia decarbonise in an easier and much less costly way than we are now.

    How politically risky is it?

    There are minimal political risks apart from where the government obtains the small amount of money to fund this. The funding is small as only the first few projects will qualify for the innovation grants, and Australia’s green energy intensive exports, once we have made a start, can respond to overseas carbon pricing, as will soon apply in Europe with the introduction of its Carbon Border Adjustment Mechanism, and as is emerging in other countries directly or via increasing green product mandates which have the same effect.

    Whereas decarbonising Australia involves some politically difficult decisions, what is not to like about Australia value adding more in Australia, with new jobs outside our cities, and a continuing boost to productivity and prosperity?

    The only downside is talking about it but not taking the steps to bring it about.

    Rod Sims is the chair of the Superpower Institute. He is an expert advisor to the Treasury’s competition taskforce and to the UK’s Competition and Markets Authority on digital issues. From 2011 to 2022 he was chair of the Australian Competition and Consumer Commission

    Continue Reading

  • Wall Street stocks end down, inflation data, China trade in focus

    Wall Street stocks end down, inflation data, China trade in focus

    Wall Street’s main indexes ended lower on Monday as investors anxiously await inflation data this week to assess the outlook for interest rates and eye U.S.-China trade developments.

    Investors expect the recent shakeup at the U.S. Federal Reserve and signs of labor market weakness could nudge the central bank into adopting a dovish monetary policy stance later this year, fueling much of the optimism.

    July’s consumer inflation report is due on Tuesday, and investors anticipate that the Fed will lower borrowing costs by about 60 basis points by December, according to data compiled by LSEG.

    “The inflation data is starting to embody the more direct tariff impacts on the consumer, raising concern that inflation will remain sticky,” said Eric Teal, chief investment officer at Comerica Wealth Management.

    “Lower inflationary readings and slower growth numbers are needed to support the case for lower rates.”

    The Dow Jones Industrial Average closed 200.52 points, or 0.45%, lower to 43,975.09, the S&P 500 lost 16.00 points, or 0.25%, to 6,373.45 and the Nasdaq Composite lost 64.62 points, or 0.3%, to 21,385.40.

    Shares of Nvidia and Advanced Micro Devices were volatile through the day, ending 0.35% and 0.28% lower respectively.

    A U.S. official told Reuters the semiconductor majors had agreed to give the United States government 15% of revenue from sales of their advanced chips to China.

    Analysts said the levy could hit the chipmakers’ margins and set a precedent for Washington to tax critical U.S. exports, potentially extending beyond semiconductors.

    Separately, U.S. President Donald Trump signed an executive order extending a pause in sharply higher U.S. tariffs on Chinese imports for another 90 days, a White House official said.

    Enabling semiconductor sales to China was an integral issue in the agreement Washington and Beijing signed this year, which expires on Tuesday. Trump lauded China’s cooperation in talks at a White House press conference on Monday.

    Traders took a step back after the S&P 500 .SPX and the Nasdaq last week logged their strongest weekly performances in more than a month.

    Citigroup and UBS Global Research became the latest brokerages to raise their year-end targets for the benchmark S&P 500.

    Micron Technology raised its forecast for fourth-quarter revenue and adjusted profit, boosting its shares 4%.

    Intel rallied 3.5% after a report said CEO Lip-Bu Tan arrived at the White House on Monday. Trump had called for his removal last week.

    TKO surged 10% after Paramount bought the rights from the live entertainment company to exclusively distribute UFC events for the next seven years in a deal valued at around $7.7 billion.

    Declining issues outnumbered advancers by a 1.18-to-1 ratio on the NYSE. There were 251 new highs and 98 new lows on the NYSE.

    On the Nasdaq, declining issues outnumbered advancers by a 1.24-to-1 ratio.

    The S&P 500 posted 15 new 52-week highs and 17 new lows while the Nasdaq Composite recorded 73 new highs and 121 new lows.

    Volume on U.S. exchanges was relatively light, with 15.5 billion shares traded, compared to an average of 18.3 billion shares over the previous 20 sessions.

    Continue Reading

  • Vestas adds 950 MW to Q3 order intake

    Vestas adds 950 MW to Q3 order intake

    Press Release:

    News release from Vestas-American Wind Technology
    Portland, August 11, 2025
     

    Vestas is proud to have received orders for 950 MW in the USA for undisclosed projects.

    Media inquiries:
    Matt Copeman
    Lead Specialist, Marketing & Communications
    Mail: mtcoe@vestas.com
    Tel: +1 (503) 475-6428

    About Vestas
    Vestas is the energy industry’s global partner on sustainable energy solutions. We design, manufacture, install, and service onshore and offshore wind turbines across the globe, and with more than 190 GW of wind turbines in 88 countries, we have installed more wind power than anyone else. Through our industry-leading smart data capabilities and unparalleled more than 157 GW of wind turbines under service, we use data to interpret, forecast, and exploit wind resources and deliver best-in-class wind power solutions. Together with our customers, Vestas’ more than 35,000 employees are bringing the world sustainable energy solutions to power a bright future.

    For updated Vestas photographs and videos, please visit our media images page on: https://www.vestas.com/en/media/images

    We invite you to learn more about Vestas by visiting our website at www.vestas.com and following us on our social media channels:

    Continue Reading

  • Brazilian businessman Nelson Tanure may give up on Braskem deal – Reuters

    1. Brazilian businessman Nelson Tanure may give up on Braskem deal  Reuters
    2. Battle Looms Over Braskem’s US Assets  PlasticsToday
    3. Braskem’s Future Uncertain As Bidders Clash Over Disaster Risks  Finimize
    4. Brazilian businessman Nelson Tanure may give up on Braskem deal By Reuters  Investing.com
    5. Braskem (BAK) Opens Talks With Unipar on Possible U.S. Asset Deal | BAK SEC Filing – Form 6-K  Stock Titan

    Continue Reading