Gold and Silver Prices Slide as Dollar Strength and Easing Tensions Weigh on Metals 
FDA Targets Hims & Hers Over $49 Weight-Loss Pill, Raising Legal and Safety Concerns 
Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026 
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised 
Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure 
Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate 
Thailand Inflation Remains Negative for 10th Straight Month in January 
South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks 
Trump Backs Nexstar–Tegna Merger Amid Shifting U.S. Media Landscape 
India–U.S. Interim Trade Pact Cuts Auto Tariffs but Leaves Tesla Out 
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies 
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million 
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran 
Nasdaq Proposes Fast-Track Rule to Accelerate Index Inclusion for Major New Listings 
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target 
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 
Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals 
GS Engineering & Construction has inked a deal with St1, a bioenergy company based in Helsinki, Finland. The two companies will work together on the development of next-generation bioethanol using peels of cassava that resemble a sweet potato.
GS Engineering & Construction, a South Korean firm that offers design, analysis services, and product development, signed a memorandum of understanding (MOU) with St1 earlier this week
In Bangkok, Thailand where the companies intend to build their plant and produce ethanol using only the most sustainable method of production.
As per The Korea Times, they will use cassava peels which are a byproduct in the manufacturing of other food products such as flour. GS E&C shared that it has chosen Thailand for the project as the region is the third largest producer of cassava in the world. The said root crop usually grows in tropical locations.
The signing of the MOU was attended by GS E&C's president Huh Yoon Hong and St1 Renewable Energy's director, Patrick Pitkanen. Around 10 officials of both firms were present at the ceremony that was held on Monday, Aug. 29.
"We expect the cooperation between the two companies will signal the next-generation bioethanol production business using unused waste," GS E&C's president said in a statement during the signing event. "In the future, we will continue to put effort into becoming an iconic company of sustainable management in Korea by discovering opportunities for new eco-friendly and digital-based business."
Moreover, the Korean engineering and construction company said that if the project with St1 Renewable Energy yields good results, it will be the first corporation in the world to ever produce bioethanol using cassava waste.
It was said that cassava is the most used root crop in the food manufacturing business, so a massive amount of its pulp is discarded. Seeing this, GS E&C made the decision to recycle and use the waste to make bioethanol.
"Previously, other raw materials like corn, sugar cane and wheat were used to produce bioethanol," an official at the engineering firm said. "But now this project's method of producing a source of bioenergy using the waste of an edible crop is drawing much attention in the market and cassava pulp has emerged as an optimal alternative."
