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Biren Technology (06082.HK) rose more than 9% after its results announcement; in the first half of 2026, the company achieved operating revenue of RMB1.236 billion, a year-on-year increase of 1997.6%; during the period, the loss narrowed significantly to RMB377 million, a year-on-year decrease of 76.4%.On August 31, according to the China Trade Remedy Information Network, on August 28, the U.S. International Trade Commission (ITC) voted to initiate a Section 337 investigation into certain mobile devices with hardware and software for exchanging electronic content. On July 28, 2026, GG Technologies, Inc. d/b/a StayTouch of Santa Monica, California filed a Section 337 investigation application with the ITC, alleging that the product exported to, imported into, and sold in the U.S. violates Section 337 (infringing U.S. Patent No. 12,022,369), and requesting the ITC to issue a limited exclusion order and a cease and desist order. Apple Inc. of Cupertino, California is listed as a defendant. The ITC will determine the investigations conclusion date within 45 days of initiation. Except in cases where the U.S. Trade Representative vetoes the investigation for policy reasons, any relief order issued by the ITC in a Section 337 case becomes effective on the date of issuance and final on the 60th day after the date of issuance.According to Fox News: US President Trump stated that Iran must not be allowed to possess nuclear weapons, and Iran will not possess nuclear weapons.Chinas composite PMI for August was 49.5, compared to 49.3 in the previous month.On August 31st, it was reported that Chinas Manufacturing Purchasing Managers Index (PMI) for August was 49.8%, up 0.6 percentage points from the previous month. Huo Lihui, Chief Statistician of the Service Industry Survey Center of the National Bureau of Statistics, explained that among the 21 industries surveyed, 16 saw an increase in their PMI compared to the previous month, indicating a significant improvement in the manufacturing sectors economic climate. Specifically, both production and demand in the manufacturing sector expanded simultaneously, with the production index and new orders index at 50.4% and 50.6% respectively, up 0.5 and 2.1 percentage points from the previous month. Domestic demand rebounded significantly, and overseas market demand also improved. He Hui, Vice President of the China Federation of Logistics and Purchasing, explained that both domestic and international market demand for manufacturing expanded in August, with both the new orders index and new export orders index showing significant year-on-year and month-on-month increases. The month-on-month change in market demand was better than the same period last year, indicating that policy support has effectively strengthened the driving force of economic development.

Ukraine Will Block A Crucial Russian Gas Transit to Europe, Blaming Russia

Charlie Brooks

May 11, 2022 09:46

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Ukraine said on Tuesday that it will cease the flow of gas via a transit point that, according to Kiev, sends over one-third of the fuel piped from Russia to Europe through Ukraine. Kiev blamed Moscow for the action and said it would redirect the flows elsewhere.


Even after Moscow's invasion, Ukraine has remained a significant transit route for Russian gas to Europe.


The operator of Ukraine's gas infrastructure, GTSOU, has declared "force majeure" and will cease shipments through the Sokhranivka route as of Wednesday. "Force majeure" is a provision triggered when a firm is affected by circumstances beyond its control.


However, Gazprom (MCX:GAZP), which has a monopoly on Russian gas pipeline exports, said that it was "technologically impossible" to move all volumes to the Sudzha connecting point farther to the west, as GTSOU requested.


GTSOU CEO Sergiy Makogon told Reuters that Russian occupation troops have begun transporting gas flowing through Ukraine to two rebel territories supported by Russia in the country's east. He failed to provide proof.


The company stated that it was unable to operate at the Novopskov gas compressor station due to "the interference of the occupying forces in technical processes," adding that it could temporarily redirect the affected flow to the Sudzha physical interconnection point, which is located on Ukrainian territory.


Ukraine's suspension of Russian natural gas shipments via the Sokhranivka route should have no effect on the local Ukrainian market, according to Yuriy Vitrenko, the president of the state-owned energy business Naftogaz.


The national gas company of Moldova, a tiny country on Ukraine's western border, said that neither GTSOU nor Gazprom had notified them of a supply interruption.


Russian army and separatist militants have controlled the Novopskov compressor station in the Luhansk area of eastern Ukraine since shortly after Moscow launched a "special military operation" in February.


GTSOU said that it is the first compressor in the Ukraine gas transit system in the Luhansk area, the transit route for about 32,6 million cubic metres of gas per day, or a third of the Russian gas transported to Europe through Ukraine.


To fulfill its "transit responsibilities to European partners in full," GTSOU said that it will "temporarily move unavailable capacity" to the Sudzha interconnection point.


Gazprom said it had received information from Ukraine that the nation will cease gas transit to Europe through the Sokhranivka interconnector at 7:00 a.m. on Wednesday local time.


The Russian corporation said that it observed no evidence of force majeure or impediments to business as usual. Gazprom emphasized that it was fulfilling its commitments to European gas purchasers.


As punishment for the invasion of Ukraine, the United States has pushed other nations to reduce their reliance on Russian energy and has prohibited Russian oil and other energy imports.


Ned Price, a spokeswoman for the U.S. State Department, said that Tuesday's declaration does not alter the "as soon as feasible" schedule for reducing global dependency on Russian oil.

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