US cuts tariffs on Cambodian products even further: PM

Translation. Region: Russian Federal

Source: People's Republic of China in Russian – People's Republic of China in Russian –

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Source: People's Republic of China – State Council News

PHNOM PENH, Aug. 1 (Xinhua) — The United States has cut tariffs on Cambodian products to 19 percent, Cambodian Prime Minister Hun Manet said on social media on Friday.

According to him, on April 2, Washington announced a duty of 49 percent, but on July 7, after negotiations, it was reduced to 36 percent. Now the rate has been reduced for the second time. –0–

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40-degree heat continues in western Japan for second day in a row

Translation. Region: Russian Federal

Source: People's Republic of China in Russian – People's Republic of China in Russian –

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Source: People's Republic of China – State Council News

TOKYO, Aug. 1 (Xinhua) — Extreme heatwaves continued across much of Japan on Thursday, with life-threatening temperatures of over 40 degrees Celsius recorded in some places for two days in a row, the Japan Meteorological Agency (JMA) said.

The dangerous heat wave is reported to be mainly affecting western Japan, with the mercury rising to 40.4 degrees Celsius in Takahashi City, Okayama Prefecture, on Thursday afternoon.

By 3:30 p.m. local time, the maximum temperature in Fukuchiyama City, Kyoto Prefecture, reached 39.5 degrees Celsius, in Iwakuni City, Yamaguchi Prefecture, 39.3 degrees Celsius, in Nishiwaki City, Hyogo Prefecture, and Akiota City, Hiroshima Prefecture, 38.9 degrees Celsius, the JMA reported.

Heatstroke warnings were issued for 34 of Japan's 47 prefectures on Thursday.

Forecasters urged residents to avoid overheating by using air conditioners, drinking plenty of fluids and salt, and taking frequent breaks when exercising outdoors. –0–

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Apple's third-quarter revenue rose 10 percent

Translation. Region: Russian Federal

Source: People's Republic of China in Russian – People's Republic of China in Russian –

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Source: People's Republic of China – State Council News

SAN FRANCISCO, Aug. 1 (Xinhua) — Apple on Thursday reported financial results for the third quarter of its fiscal 2025 ended June 28. The company's revenue was $94 billion, up 10 percent from a year earlier.

Diluted earnings per share for the quarter were $1.57, up 12 percent from a year earlier. The company's quarterly net income rose to $23.43 billion from $21.45 billion a year earlier.

iPhone sales rose to $44.58 billion from $39.3 billion a year earlier. Mac sales rose to $8.05 billion from $7.01 billion a year ago.

The company's services revenue was $27.42 billion, up from $24.21 billion in the previous year.

Sales of wearables, home goods and accessories fell to $7.4 billion from $8.1 billion a year earlier.

“Today, Apple is proud to report another record revenue for the June quarter, with double-digit growth across iPhone, Mac and Services, and growth worldwide in all geographic segments,” said CEO Tim Cook.

“We are very pleased with our record financial performance in the June quarter, which resulted in earnings per share growth of 12 percent,” said Apple CFO Kevan Parekh.

Apple's board of directors has declared a cash dividend of $0.26 per share of the company's stock. –0–

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China Development Bank issues its first loan to Kazakhstan Temir Zholy for the purchase of locomotives

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Source: People's Republic of China in Russian – People's Republic of China in Russian –

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Source: People's Republic of China – State Council News

BEIJING, Aug. 1 (Xinhua) — China Development Bank (CDB) recently issued its first loan of 180 million yuan (about 25.18 million U.S. dollars) for Kazakhstan Temir Zholy (KTZ)'s project to purchase 200 locomotives, thanks to which the first batch of locomotives has been delivered and put into operation, Zhongxinwang reported on Thursday, citing a source in the bank.

In February this year, a banking consortium founded by the CDB and the Import-Export Bank of China signed an agreement with Kazakhstan's state-owned transport and logistics holding KTZ to provide it with a loan of 3.56 billion yuan, which was to be used to purchase 200 locomotives from the Chinese company CRRC Co., Ltd.

With the exchange rate-linked advantages of cross-border financing of the Chinese national currency Renminbi, the Kazakh enterprise was offered a highly efficient and low-cost financing option, the CDB noted.

Successful implementation of this project will effectively increase the capacity of railway transportation in Kazakhstan, the bank added.

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China Southern Airlines and Kazakhstan's Air Astana Sign Codeshare Agreement

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Source: People's Republic of China in Russian – People's Republic of China in Russian –

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Source: People's Republic of China – State Council News

BEIJING, Aug. 1 (Xinhua) — China Southern Airlines and Kazakhstan's Air Astana have signed a codeshare agreement, the China Daily reported on Thursday.

The codeshare agreement between the Chinese and Kazakh airlines was reportedly signed on July 29. The parties agreed to jointly operate flights on major routes, significantly expanding the options for passengers traveling between the two countries.

The agreement covers a wide range of destinations. In particular, we are talking about China Southern Airlines flights from Beijing /Daxing Airport/, Guangzhou, Urumqi and Xi'an to Almaty, as well as from Guangzhou and Urumqi to Astana. In turn, Air Astana will operate flights from Almaty to Beijing /Shoudu Airport/, Urumqi and Guangzhou, as well as from Astana to Beijing /Shoudu Airport/.

As Han Wensheng, CEO of China Southern Airlines, emphasized, the airline attaches great importance to the Kazakhstan market. Through cooperation with Air Astana, China Southern Airlines will further increase the frequency of flights between China and Kazakhstan.

Air Astana CEO Peter Foster, in turn, noted that China remains a strategically important destination for Air Astana. According to him, the new partnership will allow them to strengthen their development in the Chinese market, and will also open a new chapter in cooperation between the airlines of the two countries.

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Financial news: On the cancellation of the Exchange's decision

Translation. Region: Russian Federal

Source: Moscow Exchange – Moscow Exchange –

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In accordance with the Listing Rules of Moscow Exchange PJSC, the Chairman of the Management Board made the following decision on July 31, 2025:

cancel the decision of 31.07.2025 (HTTPS: //VVV. MOEX.Kom/nya2456? NT = 104) “On Amending the Decision on Determining the Start Date of Trading”, in Connection with the Completion of the Placement (HTTPS: //vv.) exchange-traded interest-bearing non-convertible book-entry bonds of series BO-01 of Limited Liability Company “AgroDom” (registration number of the issue 4B02-01-00171-L dated 20.08.2024, trade code RU000A109AU3).

Contact information for media 7 (495) 363-3232Pr@moex.kom

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Financial news: On changes in risk parameters in the stock market and deposit market

Translation. Region: Russian Federal

Source: Moscow Exchange – Moscow Exchange –

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From August 1, 2025, by decision of the NCO NCC (JSC), the lower maximum value of the deviation of bid prices PcL_max on the stock market and deposit market will change:

No. Trade code Name The current value of the PcL_max parameter New value of the PcL_max parameter
1 Sago Samara-ao 0.22 0.1
2 Sagop SamaraN-up 0.22 0.1

Contact information for media 7 (495) 363-3232Pr@moex.kom

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D. Trump signs executive order to change tariff rates with dozens of trading partners

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Source: People's Republic of China in Russian – People's Republic of China in Russian –

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Source: People's Republic of China – State Council News

NEW YORK, July 31 (Xinhua) — U.S. President Donald Trump on Thursday signed an executive order further changing tariff rates with nearly 70 trading partners.

The decree introduces “additional ad valorem duties on goods from certain trading partners.”

According to an appendix to the White House press release, most of the new tariff rates range from 10 percent to 40 percent.

The new tariffs will come into force seven days after the date of the decree, except in cases related to logistics.

As D. Trump noted in the document, some US trading partners, despite participating in the negotiations, proposed conditions that do not sufficiently eliminate the “imbalance” in trade relations or do not meet US demands on “economic and national security issues.”

“Some trading partners have failed to engage with the United States or to take adequate steps to sufficiently align their actions with the United States on economic and national security issues,” the president said.

The order requires the Secretary of Commerce and the Secretary of Homeland Security, along with other senior officials, to publish every six months a list of countries and specific facilities used in tariff evasion schemes to inform government procurement, national security reviews, and commercial due diligence.

In addition, key U.S. government agencies are directed and authorized to take “all necessary actions” to implement this order consistent with applicable law. –0–

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D. Trump demanded that 17 pharmaceutical companies reduce drug prices within 60 days

Translation. Region: Russian Federal

Source: People's Republic of China in Russian – People's Republic of China in Russian –

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Source: People's Republic of China – State Council News

WASHINGTON, July 31 (Xinhua) — U.S. President Donald Trump on Thursday sent letters to the heads of 17 pharmaceutical companies, demanding that they lower drug prices within 60 days, threatening to take action if they refuse.

On his Truth Social page, D. Trump published letters sent to 17 pharmaceutical manufacturers, including Eli Lilly, Pfizer and Merck. They demand that they take steps to reduce drug prices in the US.

The letters were sent after Trump signed an executive order in May to restore the “most favored nation” policy, which is designed to lower drug prices by tying the cost of some medications in the U.S. to much lower prices in other developed countries.

“Most of the proposals my administration has received to ‘solve’ this critical problem have promised the same thing: shifting blame and demanding policy changes that will result in billions of dollars in handouts to industry,” Trump said in the letters.

“Going forward, the only thing I will accept from drug manufacturers is a commitment to protect American families from exorbitant drug prices and to stop European and other developed countries from freely using American innovations,” he said.

D. Trump also warned that if the pharmaceutical companies that received the letters refuse to meet, “we will use every tool in our arsenal to protect American families from continued abuses in drug pricing.” The president did not specify what measures would be taken.

Currently, brand-name drugs in the United States cost, on average, three times more than identical drugs in other countries, the letters say.

Shares of major pharmaceutical companies fell after the letter news broke. On Thursday, shares of Eli Lilly and Pfizer fell more than 2 percent, while shares of Merck fell more than 4 percent. –0–

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Chinese Academy of Engineering Releases List of Promising New AI Technologies

Translation. Region: Russian Federal

Source: People's Republic of China in Russian – People's Republic of China in Russian –

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Source: People's Republic of China – State Council News

BEIJING, Aug. 1 (Xinhua) — The Chinese Academy of Engineering (CAE) on Thursday released a list of promising information engineering technologies and emerging artificial intelligence (AI) technologies that are expected to be key to AI development in the next five to 10 years.

The list includes about 300 technologies.

In terms of information engineering technology innovations, the list includes 163 technologies in areas such as 6G communications, multimodal large-scale artificial intelligence models, and general-purpose AI super agents.

The list includes 122 emerging technologies designed to help transform traditional industries and drive cross-disciplinary integration. These technologies span fields such as computational neuroscience, smart wearables, and AI-powered drug discovery.

In addition, the list includes 12 promising AI technologies that are closely related to the daily life of the population, including technologies for creating large-scale artificial intelligence models, intelligent unmanned systems, and embodied AI.

According to IAC academician Yu Shaohua, the purpose of publishing the above list is to deepen the public's understanding of the future impact of AI on social life, as well as to promote strategic planning for the development of artificial intelligence. -0-

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