Gold Climbs Above $4,000 as Middle East Tensions and Fed Outlook Drive Safe-Haven Demand 
Asian Stocks Rise as Oil Retreats on Iran Ceasefire Hopes Ahead of Key AI Earnings 
Trump Announces 100% Tariff on Generic Drug Imports Starting in 2028 
Australia Jobs Surge in June Strengthens Case for More RBA Rate Hikes 
Japan Yen Slides Past 163 as Middle East Tensions Lift US Dollar, Oil Prices 
Asian Currencies Hold Steady as Middle East Tensions Boost US Dollar, Oil Concerns 
Belimo H1 Sales Surge as AI Data Center Cooling Drives More Than Half of Growth 
Chalco Shares Jump as Chinalco Plans Up to $300 Million Stake Increase 
Gold Price Surges Above $4,100 as Middle East Tensions Boost Safe-Haven Demand 
Wistron Opens $700M Texas AI Factory to Build Nvidia Superchips in U.S. 
Nvidia Reveals 9.3% Stake in AI Cloud Firm Nebius Following $2 Billion Investment 
Domino’s Weighs Appeal After Australian Court Rules Workers Were Misled on Pay 
Gold Price Jumps Near 2% Above $4,080 as Middle East Tensions Lift Safe-Haven Demand 
Pakistan Seeks $10 Billion U.S. Exchange Stabilization Fund to Boost Forex Reserves 
European Stocks Slip as Earnings, UK Inflation and ECB Decision Keep Investors on Edge 
US-Iran Conflict Escalates as Gulf Attacks Threaten Global Oil Supply 
Samsung Cuts U.S. Consumer Electronics Jobs as Headquarters Moves to Texas 
Lotte Group recently reshuffled its personnel, and one of the new appointees was an outsider which means, he is not one of the company’s employees. It was announced that the former vice president at Homeplus, a Korean discount store retail chain, has been hired to lead Lotte’s retail business.
Lotte Group appointed Kim Sang Hyun to be Lotte Shopping’s chief. He will have full control of the company’s retail business once he assumes his post. As per Korea Joongang Daily, the new leader will handle Lotte's entire retail businesses that include a chain of department stores, discount marts, and convenience stores.
Aside from being Homeplus’ chief executive officer and VP, Kim Sang Hyun was said to have also worked as Procter & Gamble Korea’s head of consumer goods. He was also a former CEO of DFI Retail Group for Southeast Asia.
It was added that DFI Retail Group is a Hong Kong-based retail firm that operates more than 10,000 store outlets in HK, Indonesia, Singapore, and China. Its retail stores include supermarkets, discount marts, and convenience stores.
Lotte Group stated that Kim Sang Hyun “is expected to bring innovation and change to Lotte’s retail business based on the expertise he gained from in and outside of Korea and his experience with e-commerce business.”
In any case, the other newly-appointed executives in Lotte’s reshuffle are Ahn Se Jin who will lead Lotte’s hotel business division. He previously worked as the CEO of Nolboo, a Korean restaurant franchise chain.
He also worked at Kearney, a management consulting company based in Chicago. Ahn’s impressive portfolio also shows he was an executive at LG Group who worked on developing new business and formulated business strategies to grow the company.
Lotte Group will let him manage its Lotte Hotel, Lotte World, Lotte Duty Free, and all the other business related to travel and leisure activities. He is expected to revive these after being severely hit by the pandemic.
Finally, The Korea Herald further mentioned that Kim Gyo Hyun who previously led Lotte Chemical was promoted to vice president while Lee Dong Woo, Lotte Holdings president was promoted to CEO and vice-chairman post for Lotte Corporation.
