Indonesia's Chandra Daya Jumps 35% Following $146 Million IPO
The infrastructure unit of petrochemical giant PT Chandra Asri Pacific climbed as high as 256 rupiah early Wednesday, versus the price of 190 rupiah in its initial public offering. The Jakarta Composite Index rose 0.3%.
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China unveils ambitious plans for its nuclear power capacity — here's what you need to know
China is aiming to double its nuclear energy capacity, according to Business Standard. A new report from the China Nuclear Energy Association, cited by Business Standard, said the country aims to produce 200 gigawatts of nuclear power by 2040. Currently, the country's production sits at 55 GW with 57 reactors, according to data from the International Atomic Energy Agency. There are 61 nuclear plants in construction worldwide, Goldman Sachs reported, with around half in China. For comparison, the U.S. has about 97 GW of nuclear power generation across 94 reactors, per the IAEA. Even if China hits its goals, much of its electric grid may still be powered by coal. The CNEA estimates that by the end of the 2030s, nuclear would comprise only 10% of China's energy capacity. Displacing coal is a major challenge. It is the dirtiest form of energy generation and is why China is the world's largest polluter in terms of heat-trapping pollution, per multiple sources. That being said, China has been making massive strides in renewable energy rollouts, which could mean cheaper, low-pollution energy for its citizens. Recently, combined generation from solar and wind reportedly exceeded China's coal power output. The nation is even investing in installations abroad. Nuclear power is relatively expensive to build, and reactors take a long time to get running, but the volume of zero-emission energy they produce is hard to ignore. Advancements in small modular reactors may help with spin-up time, and a recent breakthrough in thorium technology may help with safety. With its projected acceleration of nuclear energy production, China is progressing toward its stated goal of phasing down coal. This transition represents a large-scale reduction of emissions, which should translate into less extreme weather patterns, such as droughts and floods. Replacing coal power will also generate direct health benefits for those living nearby, as coal presents a wealth of health risks to air quality. Reducing coal emissions also means less melting of polar ice caps and a slower rise in ocean levels. Coal emissions ultimately contribute to the warming and acidification of oceans. Which of these factors would most effectively convince you to support nuclear energy projects in your area? Lower energy bills Safety and reliability More local jobs Environmental benefits Click your choice to see results and speak your mind. Join our free newsletter for good news and useful tips, and don't miss this cool list of easy ways to help yourself while helping the planet.
Associated Press
an hour ago
- Associated Press
World's First Full-Link Smart Home Ecosystem Debuts in Guangzhou
GUANGZHOU, China, July 11, 2025 /PRNewswire/ -- On July 8, 2025, Heungkong Group and Tantron Group (TTG) co-hosted the Global Smart Ecosystem Summit (GSES) in Guangzhou, unveiling a historic leap for the smart home sector. The summit highlighted three industry-first breakthroughs: the world's inaugural interoperable, multi-protocol, and multi-scenario full-link smart ecosystem; unprecedented collaboration among 20+ global top-tier brands; and the launch of the Global Smart Ecosystem Initiative, a consensus-based framework endorsed by industry leaders. This milestone cements China's shift from follower to frontrunner in smart home innovation. Ending Silos: Universal Gateway Technology Breaks Compatibility Limits For years, fragmented standards and protocol incompatibility have stifled smart home innovation. Heungkong Group, TTG, and global giants—including Switzerland's V-ZUG, Germany's Gaggenau, and Japan's Panasonic—have now broken the deadlock with their Universal Gateway technology. The solution bridges Matter, PLC, and Zigbee protocols, enabling real-time, cross-brand device synchronization. TTG founder Yao Minghai compared the system to a 'polyglot translator', allowing devices that 'speak different languages' to work seamlessly together. Tan Jianrong of the Chinese Academy of Engineering called the shift from single-device intelligence to full-link ecosystem intelligence a 'transformative leap"—paralleling the evolution from feature phones to smartphones. Heungkong No.1: World's First Ecosystem Demonstration Project Launches The Heungkong No.1 project has established three industry-firsts: cross-brand scenario-level device integration; full-lifecycle smart home service platform; and deep AI self-learning integration into home ecosystems. This innovation sets a new global standard for smart living. Mei Hing Chak, Chairwoman of Heungkong Group, stated, 'We've combined German Industrie 4.0 precision, Swiss craftsmanship, and Chinese innovation to create a new future for smart living.' Xu Xiaojian from Gaggenau announced the brand's first-ever full-link ecosystem integration, with dual support for Matter and Heungkong No.1 protocols. Driving Global Standards: China's Vision Gains International Backing The summit achieved unprecedented global alignment: Yves Leterme, former Belgian Prime Minister and Honorary Dean of Heungkong No.1 Future Life Art Institute, publicly endorsed the initiative; V-ZUG launched weekly technical exchanges with Chinese partners—a first for the Swiss manufacturer; while ASKO celebrated the collaboration as " Nordic engineering meets next-generation Chinese platform design ". More than 20 heritage brands—including Gaggenau, V-ZUG, ASKO, and Panasonic—jointly unveiled the Global Joint Initiative on Full-Link Smart Home Ecosystems. The China-proposed framework establishes 10 principles addressing interoperability, user data ownership, and sustainable technology. Professor Jin Sheng, AI ethics authority, highlighted its integration of 'transparency, controllability, and explainability"—calling it 'essential for ethical AI advancement.' In a virtual keynote, former Croatian President Kolinda Grabar-Kitarović noted, 'Heungkong No.1 proves true progress isn't about technology alone, but humanity's wisdom in wielding it—not merely a market opportunity, but the evolution of civilization.' View original content: SOURCE Heungkong Group
Yahoo
an hour ago
- Yahoo
World's First Full-Link Smart Home Ecosystem Debuts in Guangzhou
GUANGZHOU, China, July 11, 2025 /PRNewswire/ -- On July 8, 2025, Heungkong Group and Tantron Group (TTG) co-hosted the Global Smart Ecosystem Summit (GSES) in Guangzhou, unveiling a historic leap for the smart home sector. The summit highlighted three industry-first breakthroughs: the world's inaugural interoperable, multi-protocol, and multi-scenario full-link smart ecosystem; unprecedented collaboration among 20+ global top-tier brands; and the launch of the Global Smart Ecosystem Initiative, a consensus-based framework endorsed by industry leaders. This milestone cements China's shift from follower to frontrunner in smart home innovation. Ending Silos: Universal Gateway Technology Breaks Compatibility LimitsFor years, fragmented standards and protocol incompatibility have stifled smart home innovation. Heungkong Group, TTG, and global giants—including Switzerland's V-ZUG, Germany's Gaggenau, and Japan's Panasonic—have now broken the deadlock with their Universal Gateway technology. The solution bridges Matter, PLC, and Zigbee protocols, enabling real-time, cross-brand device synchronization. TTG founder Yao Minghai compared the system to a "polyglot translator", allowing devices that "speak different languages" to work seamlessly together. Tan Jianrong of the Chinese Academy of Engineering called the shift from single-device intelligence to full-link ecosystem intelligence a "transformative leap"—paralleling the evolution from feature phones to smartphones. Heungkong No.1: World's First Ecosystem Demonstration Project LaunchesThe Heungkong No.1 project has established three industry-firsts: cross-brand scenario-level device integration; full-lifecycle smart home service platform; and deep AI self-learning integration into home ecosystems. This innovation sets a new global standard for smart living. Mei Hing Chak, Chairwoman of Heungkong Group, stated, "We've combined German Industrie 4.0 precision, Swiss craftsmanship, and Chinese innovation to create a new future for smart living." Xu Xiaojian from Gaggenau announced the brand's first-ever full-link ecosystem integration, with dual support for Matter and Heungkong No.1 protocols. Driving Global Standards: China's Vision Gains International BackingThe summit achieved unprecedented global alignment: Yves Leterme, former Belgian Prime Minister and Honorary Dean of Heungkong No.1 Future Life Art Institute, publicly endorsed the initiative; V-ZUG launched weekly technical exchanges with Chinese partners—a first for the Swiss manufacturer; while ASKO celebrated the collaboration as " Nordic engineering meets next-generation Chinese platform design ". More than 20 heritage brands—including Gaggenau, V-ZUG, ASKO, and Panasonic—jointly unveiled the Global Joint Initiative on Full-Link Smart Home Ecosystems. The China-proposed framework establishes 10 principles addressing interoperability, user data ownership, and sustainable technology. Professor Jin Sheng, AI ethics authority, highlighted its integration of "transparency, controllability, and explainability"—calling it "essential for ethical AI advancement." In a virtual keynote, former Croatian President Kolinda Grabar-Kitarović noted, "Heungkong No.1 proves true progress isn't about technology alone, but humanity's wisdom in wielding it—not merely a market opportunity, but the evolution of civilization." View original content: SOURCE Heungkong Group
