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SenseTime (00020.HK): It is expected to record a profit of approximately RMB500 million to RMB700 million in the first half of the year, compared with a loss of approximately RMB1.48927 billion in the same period last year.On August 16, the Islamic Republic of Iran Broadcasting (IRIB) reported that Iranian Army Commander-in-Chief Amir Hatami announced a $30,000 reward for the capture or killing of U.S. soldiers. The reward will reportedly be given to any Iranian soldier who comes from "the Iranian people."On August 16, Zijin Mining International (02259.HK) announced that in the first half of the year, thanks to the full contribution of newly acquired assets and the continued optimization of mature mines, gold production increased by 44% year-on-year to approximately 27.3 tons; revenue and profit attributable to owners of the parent company increased by 100% and 179% year-on-year, respectively, and net cash flow from operating activities increased significantly by 331% year-on-year.On August 16, the General Staff of the Ukrainian Armed Forces reported that Ukrainian forces attacked the "Kamensky Joint Enterprise" in Rostov Oblast, Russia, a Russian military-industrial complex. The Ukrainian side stated that a fire broke out at the target site, and the extent of the damage and the results of the operation are still being verified. The Ukrainian military stated that this military-industrial enterprise is a major Russian military-industrial enterprise, producing solid rocket fuel for the "Hurricane," "Tornado," and "Tornado-S" multiple rocket launcher munitions, as well as related fuels for various missile systems and air-to-ground weapons. On August 16, local time, the Russian Ministry of Defense released a 24-hour combat report stating that Russian forces had taken control of two settlements: Pershomalievka in the Donetsk region and Kudyevka in the Kharkiv region. The report stated that Russian air defense forces shot down 14 guided bombs, 1 US-made HIMARS rocket, 9 Flamingo long-range cruise missiles, and 1,478 fixed-wing drones. This is the highest number of Ukrainian drones shot down in a single day as reported by the Russian Ministry of Defense to date.On August 16th, according to a report by Axios, citing three sources familiar with the matter, in mid-May, US negotiators encountered a problem when attempting to reach an agreement with Iran to end the war: they were unsure whether the Iranian representatives across the negotiating table truly represented the countrys powerful Islamic Revolutionary Guard Corps (IRGC). The report stated that, therefore, Trump administration officials took an unusual approach—bypassing Iranian negotiators and contacting the IRGC leadership directly. The person chosen by the US to oversee this secret communication channel was Nechirvan Barzani, the president of the Iraqi Kurdistan Region. He possessed an extremely rare advantage: the trust of both the US and the IRGC leadership. This incident highlights that a key reason for the difficulties in US-Iran negotiations lies in Washingtons inability to ascertain who truly holds decision-making power in Iran. The US and Iran did ultimately reach a memorandum of understanding, but it quickly collapsed.

Dorsey-Led Block Beats Operating Profit Estimates, Shares Surge 10%

Skylar Shaw

May 06, 2022 10:26


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After posting a first-quarter operational profit that above Wall Street estimates, Block Inc, the fintech business run by Twitter co-founder Jack Dorsey, said on Thursday it has not witnessed a fall in general customer spending until April.


Even though the business, previously known as Square, posted a lower-than-expected adjusted earnings as demand for bitcoin fell owing to a drop in cryptocurrency prices, Block's shares surged 10% in extended trading.


During the quarter, the firm, which provides merchant payment services and a cryptocurrency trading platform, completed its $29 billion purchase of Australian buy-now-pay-later pioneer Afterpay Ltd.

In the financial sector's fastest-growing division, the deal established a transaction behemoth that competes with banks and digital corporations.


The gross profit for the first quarter was $92 million, which was reported under the Square and Cash app divisions. Cash App, a business that allows users to transmit payments in bitcoin, had a 26 percent increase in gross profit as a result of this.


"We anticipate Cash App and Square to expand gross profit sequentially each quarter this year, even minus Afterpay, providing the macroeconomic backdrop stays steady," said Amrita Ahuja, Chief Financial Officer.


"We haven't observed a decline in general consumer spending through April," she added, adding that Afterpay's gross merchandise value - the total value of all items sold – was set to grow 15% in April.


According to IBES statistics from Refinitiv, Block earned $195 million in operational profits, or adjusted EBITDA, above the Wall Street consensus of $136 million.


Revenue declined 22% to $3.96 billion in the three months ending March 31. The firm had an adjusted profit of 18 cents per share, which was lower than analysts' expectations of 21 cents per share.


The company's bitcoin income fell by half to $1.73 billion due to a dip in interest from regular traders as cryptocurrency prices fell following a rapid gain last year spurred by popular acceptance.