Nike Stock Slides as Revenue Miss Clouds Turnaround 
Kraken Parent Payward Adds 24/7 Settlement With Singapore Gulf Bank 
Kalshi Wins CFTC Approval for S&P 500 Perpetual Futures 
XRP Ledger Batch Upgrade Set for October 9 Mainnet Launch 
Citi Raises Bitcoin Price Target to $113,000 on ETF Optimism 
AAVE, PUMP, WLD and SKY Rally as Crypto Market Slips 
Goldman Sachs Names CATL, Zenergy Top China Battery Picks 
Bajaj Finance Shares Rise 3.4% as AUM Jumps 27% 
Disney Plans TV Restructuring With Hundreds of Layoffs 
Nippon Paint Shares Rise on $1.35 Billion AkzoNobel Deal 
Volvo Cars Drops Full-Year Outlook as China, US Sales Weaken 
Amazon Eyes $8 Billion Nvidia Chip Spinoff to Fund AI Expansion 
Revolut Challenges Banking Giants With Global Expansion 
Schneider Electric to Buy PTC in $22.6 Billion Deal 
OKXICE Files for 24/7 Tokenized US Stock Trading 
NEAR Price Rally Cools as $4.60 Support Takes Focus 
Coinbase, Circle Stocks Slide as Bank Group Sues OCC Over Crypto Charters 
Add as a preferred source on Google
South Korean tech giant LG Electronics Inc plans to produce home appliances from its smartphone manufacturing line in northern Vietnam, with the transformation completed within this year while reallocating affected workers.
LG earlier exited from the mobile business.
Jung Hai-jin, president of LG Electronics' Vietnamese arm, noted that the closure of LG's mobile business will not significantly impact its production, business activities, or employees in Haiphong.
LG's Haiphong production line, launched in 2015, has been producing home appliances and in-vehicle infotainment components on top of smartphones.
The Haiphong plant employs over 16,000 workers.
LG's mobile business operating losses reached 5 trillion won last year and have been in the red since the second quarter of 2015.
LG is currently negotiating with a workers' union of its smartphone production line in Brazil.
