Chair’s Statement of the 27th ASEAN Plus Three Foreign Ministers Meeting

Source: ASEAN – Association of SouthEast Asian Nations

The 27th ASEAN Plus Three Foreign Ministers’ Meeting was chaired by H.E. Ma. Theresa P. Lazaro, Secretary of Foreign Affairs of the Republic of the Philippines.

Review and Future Direction of ASEAN Plus Three Cooperation

The Meeting noted the progress in the ASEAN Plus Three (APT) cooperation over the past year and discussed its future direction. The Meeting reaffirmed the commitment to further strengthening and deepening the APT process, which remains a main vehicle for advancing regional community-building and in promoting peace, stability, security, and prosperity in the East Asian region with ASEAN as the driving force. The Meeting also recognised the importance of APT cooperation in supporting the realisation of ASEAN 2045: Our Shared Future and its strategic plans, the Initiative for ASEAN Integration (IAI) Work Plan IV (2021–2025), including their contributions to the development and implementation of the IAI Work Plan V (2026–2030), as well as deeper regional integration in East Asia.

Download the full statement here.
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Samsung Electronics and Broadcom Expand Strategic Collaboration Across Memory and Foundry Technologies

Source: Samsung

Samsung Electronics and Broadcom today announced the signing of a memorandum of understanding (MOU) to expand their strategic collaboration across memory and foundry technologies, supporting the next generation of AI infrastructure.

The MOU was announced during the AI Summit, held at The Midway in San Francisco. Attendees included Jinman Han, President and Head of Samsung Electronics’ Foundry Business, Hock Tan, President and CEO of Broadcom, senior executives from both companies and representatives of the Korean government.

The companies expect the collaboration to be estimated at more than $200 billion across memory and foundry over the next five years through 2030.

On the memory front, Samsung and Broadcom plan to pursue a strategic collaboration for the supply of industry-leading memory solutions, including High Bandwidth Memory (HBM), supporting Broadcom’s next-generation AI accelerators.

In foundry, the companies’ collaboration focuses on Samsung’s 2-nanometer (nm) and below process technologies for Broadcom’s products, including Wireless Broadband Communications (WBC) solutions. The collaboration is expected to extend to advanced packaging technologies built on Samsung’s 2nm process, including 2.3D and 2.5D integration, to enable higher-performance and more power-efficient AI and networking silicon.

“AI is driving unprecedented demand for tightly integrated semiconductor technologies spanning memory, logic and advanced packaging,” said Young Hyun Jun, Vice Chairman & CEO of the Device Solutions (DS) Division at Samsung Electronics. “By expanding our collaboration with Broadcom across these critical technologies, we look forward to delivering greater value to customers while advancing the AI infrastructure of the future.”

“As AI infrastructure continues to scale, close collaboration across the semiconductor ecosystem becomes increasingly important,” said Charlie Kawwas, President, Semiconductor Solutions Group of Broadcom. “By combining Samsung’s memory and foundry expertise with Broadcom’s AI and connectivity leadership, we aim to continue to deliver technologies that power the next generation of AI infrastructure.”

With capabilities encompassing memory, logic, foundry and advanced packaging, Samsung is uniquely positioned to deliver integrated semiconductor solutions for the AI era. The expanded collaboration with Broadcom reflects Samsung’s continued focus on supporting customers with end-to-end semiconductor technologies across an increasingly diverse range of AI and high-performance computing applications.

XBOX brings classic games to PC and handhelds

Source: Microsoft

Headline: XBOX brings classic games to PC and handhelds

In addition to making these games available on PC for the first time ever, we’ve added new features to enhance the experience on PC while preserving the original gameplay. Players can customize graphics settings, including up to 4x resolution upscaling, VSync support, Fullscreen and Windowed display modes, anisotropic filtering, enhanced anti-aliasing, and more. These games also include customizable language and audio settings.

We plan to add even more features to XBOX Backward Compatibility games in the future. I’m excited to share that later this year we will be bringing one of the top fan-requested features to select original XBOX games on both console and PC: Achievements. The first four games releasing in preview today will be updated to include Achievements in the coming months.

Getting started is simple. If your PC or handheld meets the minimum system requirements below, you’ll be able to access backward compatible titles through the XBOX on PC app. 

Minimum Requirements

  • GPU: Nvidia GTX 950 or AMD Radeon RX 550 or Intel Arc A310
  • CPU: 4 cores and 8 threads | Intel Core i3-10300 or AMD Ryzen 3 3100 or AMD Ryzen Z2 A
  • Video Memory: 4 GB
  • OS: Windows 11
  • Drivers and Versions: Latest Version as of January 2026

Recommended Requirements

  • GPU: Radeon RX 6800S or Nvidia GTX 1070 Ti or Intel Arc A770
  • CPU: 6 cores and 12 threads | Intel Core i5-10400 or AMD Ryzen 5 3600 or AMD Ryzen AI Z2 Extreme
  • RAM: 16 GB
  • Video Memory: 8 GB
  • Drivers and Versions: Latest Version as of January 2026

XBOX Backward Compatibility on PC is another step toward preserving the games from the past and making it easier for you to enjoy and play more of the games you already own across the devices you use every day.

Editor’s Note (July 22): We’ve updated the minimum/recommended specs.

[Galaxy Unpacked July 2026] A First Look at Galaxy Z Fold8 Ultra, Galaxy Z Fold8 & Galaxy Z Flip8

Source: Samsung

At Galaxy Unpacked July 2026 in London, Samsung Electronics unveiled the eighth-generation Galaxy Z series. Combining agentic AI that understands users with hardware tailored to different lifestyles, the line-up offers three distinct foldable experiences.
 
Samsung Newsroom got an early look at the new devices during Galaxy Unpacked July 2026 — from Galaxy Z Fold8 Ultra, the first Ultra model in the Galaxy foldable portfolio to Galaxy Z Fold8 with its all-new form factor and Galaxy Z Flip8 with more intuitive AI on FlexWindow.
 

 
Galaxy Z Fold8 Ultra: The Ultra Experience on a Foldable Display
Within the Galaxy line-up, the “Ultra” name represents Samsung’s highest level of performance and user experience. As the first Ultra model in the Galaxy Z series, Galaxy Z Fold8 Ultra pairs ultra-level performance with an expansive foldable display to elevate productivity through AI-powered multi-tasking.
 

The first thing that stands out is how thin the device is. Unfolding it reveals a spacious 8-inch main display. Measuring 4.1 millimetres thick when unfolded and weighing only 215 grams, Galaxy Z Fold8 Ultra is the thinnest Galaxy Z Fold yet; making it comfortable to carry and use throughout the day.
 
The display has also been refined to deliver smoother, more comfortable folding. The folding magnets, hinge mechanism and display tension have been precisely optimised, while refinements to the edge design make the device easier to unfold. Samsung’s proprietary Flex Titanium technology helps minimise the display crease while enhancing durability.
 

 
The expansive display also unlocks enhanced AI experiences. Gemini Notebook streamlines the process of organising meeting materials and notes. Users can now upload a PDF of meeting minutes or an audio recording of a presentation to generate a summary of the key points, then transform the same source material into a variety of formats — including AI-generated videos, presentation slides, podcasts and quizzes.
 

Galaxy Z Fold8 Ultra truly shines in AI-powered multi-tasking. Agentic AI anticipates when multi-tasking is needed, using Now Nudge to open Multi Window at the right moment. For example, Now Nudge can suggest adding dinner plans from a messaging app to the calendar and open the Calendar app in Multi Window.
 

 
Qualcomm Snapdragon® 8 Elite Gen 5 for Galaxy and a 5,000mAh battery support Galaxy AI experiences and seamless multi-tasking on the expansive display.
 
Galaxy Z Fold8: A Foldable, Re-imagined
Redesigned with an all-new form factor, Galaxy Z Fold8 introduces an aspect ratio optimised for a wide range of content.
 

 
Unfolding the device expands the display to a 4:3 aspect ratio, ideal for watching movies or playing games. Rotating the device switches to a 3:4 aspect ratio that feels more natural for reading e-books or browsing the web. The cover screen’s 10:16 aspect ratio also provides a familiar experience for browsing short-form content.
 
A 4,800mAh battery supports more than 26 hours of video playback. Weighing just 201 grams, Galaxy Z Fold8 is the lightest Galaxy Z Fold yet and remains comfortable to hold — even during extended viewing sessions.
 
Video to be inserted here
 
Galaxy Z Fold8 goes beyond content consumption with tools for creating and editing. Galaxy AI-powered My FanCam makes it easy to create videos focused on a specific person. After selecting a video in the Gallery app, users can launch My FanCam and choose the subject to follow. The video is then automatically reframed around the selected subject.
 
The device also delivers a more advanced agentic AI experience. For example, if a user shares a photo of the Eiffel Tower with Gemini and asks it to book a nearby hotel, the AI agent finds accommodations that match the specified criteria — even while they continue using other apps. Afterward, they can simply review the recommendations and approve only the actions that require confirmation – saving time and effort.
 

 
Galaxy Z Flip8: More Without Unfolding
Galaxy Z Flip8 makes a strong first impression with its thin, lightweight design. Measuring 6.1 millimetres thick when unfolded and weighing only 180 grams, it offers excellent portability. A stronger frame and a more durable hinge made with a new high-strength material improve durability while maintaining the device’s slim profile.
 

 
One of Galaxy Z Flip8’s biggest upgrades is its more versatile FlexWindow. Users can check important information and access their favourite features without unfolding the device. Another highlight is Galaxy AI’s Now Brief. From FlexWindow, users can instantly see the day’s weather, schedule and important notifications. Everyday information such as exchange rates and stock updates is organised into personalised cards, making it easy to stay on top of the day.
 

 
App functionality also extends to FlexWindow. Without unfolding the device, users can browse photos in the Gallery app, chat with friends through messaging apps and quickly complete tasks. More than a hub for notifications and widgets, FlexWindow has evolved into a gateway to more of what Galaxy has to offer.
 
The camera experience has also been refined to better complement the Galaxy Z Flip form factor. Camcorder Grip — exclusive to the Galaxy Z Flip series — enables stable one-handed recording, while Super Steady’s horizontal lock helps keep footage smooth and level, even on the move.
 
Dual Recording captures both the creator and the subject in the same video, perfect for vlogs and social media challenges. Opening the Camera app displays the creator’s view at the top of the screen and the subject’s view below, allowing both perspectives to be recorded simultaneously. A live preview is also available on the cover screen, so both can see the shot while filming.
 

 
From AI-powered productivity on a large display to optimised content viewing and everyday convenience without unfolding, the eighth-generation Galaxy Z series expands the possibilities of foldables. Designed to suit a wide range of needs, the latest Galaxy foldables offer users more ways to choose the mobile experience that suits them.
 

Is it Time to Upgrade to Galaxy Watch Ultra2?

Source: Samsung

At Galaxy Unpacked, Samsung unveiled their most powerful and advanced Galaxy Watch ever: Galaxy Watch Ultra2. It’s designed for users who want to get the most out of life and need a watch that can keep up with them, whether they’re hiking, biking, or trying something new.
Now in its second generation, Galaxy Watch Ultra2 builds off the legacy of Galaxy Watch to offer innovative wellness features, optimized for those who need top-of-the-line durability and adventure-ready features
Who is Galaxy Watch Ultra2 Designed for?
Galaxy Watch Ultra2 is designed for those who need rugged durability and specialized sports tracking features. Outdoor sports enthusiasts can take advantage of the Trail Run1 feature which tracks detailed elevation, climbing progress, and terrain impact to help reduce the risk of overtraining. It also comes with real-time hydration guidance through Nutrition Alert,2 which estimates sweat loss relative to body weight — helping you hit your running goals.

Open-weight models are essential to a healthy AI ecosystem. Together with others across our industry, we are outlining a path for open-weight models to strengthen American competitiveness and expand economic opportunity, while protecting national security.

Source: Microsoft

Headline: Open-weight models are essential to a healthy AI ecosystem. Together with others across our industry, we are outlining a path for open-weight models to strengthen American competitiveness and expand economic opportunity, while protecting national security.

Open-weight models are essential to a healthy AI ecosystem. Together with others across our industry, we are outlining a path for open-weight models to strengthen American competitiveness and expand economic opportunity, while protecting national security. https://lnkd.in/gB8A6uFK

Verizon delivers record 2Q26 results as strategic transformation ignites accelerated growth

Source: Verizon

Headline: Verizon delivers record 2Q26 results as strategic transformation ignites accelerated growth

  • Mobility and broadband service revenue grew by 2.8 percent in second-quarter 2026, and forecasted to rise to approximately 4.0 percent growth in fourth-quarter 2026
  • Delivered 184,000 postpaid phone net additions, with the best consumer second-quarter postpaid phone net additions in the past five years 
  • Generated more than 550,000 total mobility and broadband net additions in second-quarter 2026, an increase of more than 230,000 compared to second-quarter 2025 
  • Delivered more than 1 million mobility and broadband net additions in first-half of 2026, more than doubling the mobility and broadband net additions in first-half of 2025
  • Built account momentum, achieving new postpaid account growth over the past 60 days
  • Grew cash flow from operations in first-half of 2026 by 9.9 percent compared to first-half of 2025 to fuel a 16.0 percent surge in free cash flow ¹ . Second-quarter 2026 cash flow from operations grew by 16.3 percent and free cash flow ¹  grew by 24.4 percent 
  • Executed with strict operational discipline and delivered solid consolidated net income performance to drive the highest adjusted EBITDA ¹  and adjusted EBITDA margin ¹  ever reported
  • Raised full year guidance for mobility and broadband service revenue, cash flow from operations, free cash flow ¹  and adjusted earnings per share (EPS) ¹ 
  • Returned $9.4 billion in total capital to shareholders in first-half of 2026 while expanding the full-year share buyback target to up to $4.5 billion

Download News Release PDF

Download 2Q Financials PDF

Download Non-GAAP Reconciliations PDF

Download 2Q Infographic PDF

NEW YORK, NY—Verizon Communications Inc. (NYSE, Nasdaq: VZ) today announced exceptional second-quarter 2026 financial and operational results, showcasing how its customer-first strategic transformation is driving sustainable growth and momentum. Intense operational discipline and improved unit economics translated directly into subscriber growth, lower churn, strong operating cash flow and industry-leading free cash flow ¹ generation. With these results, Verizon raised its full-year guidance for the second consecutive quarter. Verizon also expanded its full-year share buyback target to up to $4.5 billion. 

“We’re putting customers at the center of every decision we make,” said Dan Schulman, Verizon CEO. “With recent updates including our new Simplicity plans, Verizon One converged offerings, and an industry-leading loyalty program, we are gaining subscribers and earning long-term retention based on real value rather than subsidized promotions. Our second-quarter results provide clear, compelling evidence that this transformation is driving a structural inflection point across our entire business. We are accelerating across our key metrics, achieving a step-change in churn reduction while lowering our customer acquisition and retention costs. By compounding lower churn with healthier unit economics, we have generated the strongest operating position we have seen in years. Our core connectivity business is gaining momentum, and with the emergence of AI infrastructure revenue, we are fundamentally reshaping Verizon’s growth trajectory.”

Mobility and broadband

  • Mobility and broadband service revenue reached approximately $23.4 billion, representing a 2.8 percent increase year-over-year. 
  • In second-quarter 2026, Verizon reported total postpaid phone net additions of 184,000, with the best Consumer second-quarter postpaid phone net additions in five years.
  • Total core prepaid ²  net additions were 73,000, representing eight consecutive quarters of positive net additions.
  • Verizon delivered 348,000 broadband net additions in second-quarter 2026, a year-over-year increase of 12.3 percent. This includes total fixed wireless access net additions of 193,000 and 155,000 fiber broadband net additions.
  • Verizon now has approximately 17.1 million fixed wireless access and fiber broadband connections.

Consolidated financial results

  • Total operating revenue was $34.3 billion, down 0.7 percent year-over-year, as sequential improvement in mobility and broadband service revenue was offset by a nearly 20 percent, or over $1.2 billion, decline in equipment revenue. This decline resulted primarily from significantly lower upgrade volumes, as the average time customers keep their mobile devices continues to increase, and the company’s strategic decision to reduce spending on device subsidies. It is another demonstration of Verizon’s more disciplined approach as the company structurally evolves its business model. 
  • Consolidated net income was $3.9 billion, a 22.9 percent decrease year-over-year. This decrease was primarily driven by $1.8 billion in pre-tax special items, including, among others, a $746 million loss on disposition of business in connection with the classification of the net assets representing Verizon’s international wireline connectivity and managed network services business as assets and liabilities held for sale; asset rationalization charges of $258 million; and severance charges of $397 million.
  • Consolidated adjusted EBITDA ¹  grew 7.2 percent year-over-year to $13.7 billion, the highest the company ever reported.
  • Consolidated net income margin was 11.5 percent compared to 14.8 percent in second-quarter 2025.
  • Consolidated adjusted EBITDA ¹  margin grew from 37.1 to 40.1 percent, the highest the company ever reported.
  • EPS was $0.92 in second-quarter 2026, a 22.0 percent decrease compared to $1.18 in second-quarter 2025; adjusted EPS ¹ , excluding special items, was $1.30 in second-quarter 2026, a 6.6 percent increase compared to $1.22 in second-quarter 2025.
  • Cash flow from operations was $18.4 billion for the first-half of the year compared to $16.8 billion for the first-half of 2025, representing a growth rate of 9.9 percent.
  • Capital expenditures were $8.2 billion through the end of the second quarter, as the company continues to invest strategically for network excellence and future growth opportunities within mobility and broadband.
  • Free cash flow ¹  was $10.2 billion for the first-half of 2026 compared to $8.8 billion for the first-half of 2025, representing a growth rate of 16.0 percent. 
  • In second quarter 2026, strong cash from operations was $10.4 billion, up 16.3 percent year-over-year. Free cash flow ¹  was $6.4 billion, up 24.4 percent year-over-year, marking one of the strongest free cash flow ¹  quarters ever reported.  
  • Verizon’s total unsecured debt as of the end of second-quarter 2026 was $136.5 billion, compared to $142.5 billion at the end of first-quarter 2026. The company’s net unsecured debt ¹  at the end of second-quarter 2026 was $128.7 billion compared to $130.1 billion at the end of first-quarter 2026. At the end of second-quarter 2026, Verizon’s ratio of unsecured debt to consolidated net income (LTM) was 8.2 times and its net unsecured debt to consolidated adjusted EBITDA ratio ¹ was 2.5 times. 
  • Verizon successfully completed $1.0 billion of share repurchases in second-quarter 2026, bringing year-to-date repurchases to $3.5 billion. The full-year share repurchase target has been raised to up to $4.5 billion.

Outlook and guidance

Verizon does not provide a reconciliation for certain of the following adjusted (non-GAAP) forecasts because it cannot, without unreasonable effort, predict the special items that could arise, and the company is unable to address the probable significance of the unavailable information.

Given the strong second-quarter performance and visibility into the second half of the year, Verizon is raising guidance as follows:

  • Mobility and broadband service revenue growth for 2026 to be 2.5 to 3.0 percent, with wireless service revenue growth approximately flat in 2026 as the company transitions to sustainable volume-based growth. Total mobility and broadband service revenue growth is expected to approach 3.0 percent in third-quarter 2026 and approximately 4.0 percent in fourth-quarter 2026, accelerating from the 2.8 percent increase reported in the second-quarter 2026.
  • Adjusted EPS ¹  of $4.99 to $5.04, or year-over-year growth of 6.0 to 7.0 percent, representing a significant acceleration compared to recent historical performance.
  • Cash flow from operations growth of approximately 2.0 to 4.0 percent year-over-year.
  • Free cash flow ¹  growth of 9.0 to 10.0 percent year-over-year.

In addition, for 2026, Verizon continues to expect the following: 

  • Total retail postpaid phone net additions are expected to be in the upper half of the 750,000 to 1.0 million range, which is approximately 2 to 3 times the 2025 reported result.
  • Capital expenditures of $16.0 billion to $16.5 billion. 

Verizon Communications Inc. (NYSE, Nasdaq: VZ) powers and empowers how its millions of customers live, work and play, delivering on their demand for mobility, reliable network connectivity and security. Headquartered in New York City, serving countries worldwide and nearly all of the Fortune 500, Verizon generated revenues of $138.2 billion in 2025. Verizon’s world-class team never stops innovating to meet customers where they are today and equip them for the needs of tomorrow. For more, visit verizon.com or find a retail location at verizon.com/stores.

Forward-looking statements

In this communication we have made forward-looking statements. These statements are based on our estimates and assumptions and are subject to risks and uncertainties. Forward-looking statements include the information concerning our possible or assumed future results of operations. Forward-looking statements also include those preceded or followed by the words “anticipates,” “assumes,” “believes,” “estimates,” “expects,” “forecasts,” “hopes,” “intends,” “plans,” “targets,” “will” or similar expressions. For those statements, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. We undertake no obligation to revise or publicly release the results of any revision to these forward-looking statements, except as required by law. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. The following important factors, along with those discussed in our filings with the Securities and Exchange Commission (the “SEC”), could affect future results and could cause those results to differ materially from those expressed in the forward-looking statements: the effects of competition in the markets in which we operate, including the inability to successfully respond to competitive factors such as prices, promotional incentives, network performance and quality, and evolving consumer preferences; failure to take advantage of, or respond to competitors’ use of, developments in technology, including artificial intelligence, and address changes in consumer demand; the inability to implement our business strategy; adverse conditions in the U.S. and international economies, including inflation and changing interest rates in the markets in which we operate; changes to international trade and tariff policies and related economic and other impacts; cyberattacks impacting our networks or systems and any resulting financial or reputational impact; our ability to implement business transformation initiatives and achieve their anticipated benefits; system failures and disruptions to our networks and operations and any resulting financial, reputational or business impact; disruption of our key suppliers’ or vendors’ provisioning of products or services, including as a result of geopolitical factors, public health crises, natural disasters or extreme weather conditions; material adverse changes in labor matters and any resulting financial or operational impact; damage to our reputation or brands; changes in the regulatory environment in which we operate, including any increase in restrictions on our ability to operate our networks or businesses; allegations regarding the release of hazardous materials or pollutants into the environment from our, or our predecessors’, network assets and any related government investigations, regulatory developments, litigation, penalties and other liability, remediation and compliance costs, operational impacts or reputational damage; significant amount of outstanding debt; significant litigation and any resulting material expenses incurred in defending against lawsuits or paying awards or settlements; an adverse change in the ratings afforded our debt securities by nationally accredited ratings organizations or adverse conditions in the credit markets affecting the cost, including interest rates, and/or availability of further financing; significant increases in benefit plan costs or lower investment returns on plan assets; changes in tax laws or regulations, or in their interpretation, or challenges to our tax positions, resulting in additional tax expense or liabilities; changes in accounting assumptions that regulatory agencies, including the SEC, may require or that result from changes in the accounting rules or their application, which could result in an impact on earnings; our ability to return capital to shareholders, including the amount, timing, and effect of share repurchases and dividends; and risks associated with mergers, acquisitions, divestitures and other strategic transactions, including our ability to obtain cost savings and other synergies and anticipated benefits of completed transactions within the expected time period or at all.

Samsung Innovation Campus Celebrates Coding Graduates, Launches New AI Programme in Nepal

Source: Samsung

Samsung Nepal has announced the successful completion of the latest Samsung Innovation Campus (SIC) Coding & Programming programme and opened applications for a new Artificial Intelligence (AI) course, strengthening its commitment to developing Nepal’s next generation of digital talent.

The Coding & Programming course under SIC, conducted from December 22, 2025, to June 30, 2026, equipped students with hands-on technical skills, practical project experience and industry exposure. Graduates were honoured at a ceremony recognising their successful completion of the programme.

“When I attended Samsung Innovation Campus shortly after arriving in Nepal last December, I saw tremendous potential in Nepal’s young talent. Today, I am proud to see that potential turning into real achievement. As artificial intelligence reshapes every industry, developing digital talent is more important than ever. Through Samsung Innovation Campus, Samsung is equipping young people with the skills, confidence and innovative mindset to help lead Nepal’s digital future,” said Chang Uk Jung, Managing Director, Samsung Nepal.

Launched in Nepal in 2023 under Samsung’s global CSR vision, “Together for Tomorrow! Enabling People,” Samsung Innovation Campus equips young people with industry-relevant skills in emerging technologies while strengthening essential workplace capabilities such as communication, collaboration and critical thinking.

The new AI programme comes as artificial intelligence is transforming industries and creating demand for a new generation of digital professionals. Designed around practical learning and real-world applications, the course will help participants build AI capabilities while encouraging innovation to address Nepal’s evolving development needs.

Beyond the classroom, Samsung Nepal will continue supporting graduates through mentorship from Samsung employees and industry experts, innovation projects and career guidance. The company also plans to establish a Samsung Innovation Campus Alumni Network, enabling graduates to stay connected, continue learning and mentor future participants.

Samsung believes stronger collaboration between academia, industry and government will be essential to building Nepal’s AI ecosystem, expanding career opportunities and accelerating the country’s digital transformation.

RBI to conduct 3-day Variable Rate Repo (VRR) auction under LAF on July 27, 2026

Source: Reserve Bank of India

On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on Monday, July 27, 2026, as under:

Sl. No. Notified Amount
(₹ crore)
Tenor
(day)
Window Timing Date of Reversal
1 75,000 3 09:30 AM to 10:00 AM July 30, 2026
(Thursday)

2. The operational guidelines for the auction will be same as given in Reserve Bank’s Press Release 2021-2022/1572 dated January 20, 2022.

Ajit Prasad          
Deputy General Manager
(Communications)    

Press Release: 2026-2027/755

AGNICO EAGLE ANNOUNCES INVESTMENT IN CADILLAC MINES CORPORATION

Source: Agnico Eagle Mines

Stock Symbol: AEM (NYSE and TSX)

TORONTO, July 24, 2026 /CNW/ — Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM) (“Agnico Eagle”) announced today that it has entered into a subscription agreement dated July 23, 2026 (the “Subscription Agreement”) with Cadillac Mines Corporation (“Cadillac”), pursuant to which Agnico Eagle agreed to acquire 8,696,000 common shares of Cadillac (“Common Shares”) at a price of C$6.90 per Common Share for total consideration of C$60,002,400.00(the “Private Placement”). The Private Placement is subject to certain closing conditions, including the closing of Cadillac’s initial public offering of Common Shares (the “IPO”) pursuant to Cadillac’s final long form base PREP prospectus dated July 23, 2026. The Private Placement is expected to close on or about August 5, 2026.

Prior to entering into the Subscription Agreement, Agnico Eagle owned 22,821,028 Common Shares, representing approximately 9.70% of the issued and outstanding Common Shares on a non-diluted basis. On closing of the Private Placement, Agnico Eagle is expected to own 31,517,028 Common Shares, representing approximately 11.09% of the issued and outstanding Common Shares on a non-diluted basis after giving effect to the IPO (assuming the issuance of all Common Shares qualified thereunder) and all other security issuances completed by Cadillac concurrently with the Private Placement.

Pursuant to a subscription agreement dated July 25, 2023 between Agnico Eagle and Cadillac, Agnico Eagle is entitled to certain rights, including the right to participate in equity financings in order to maintain its pro rata ownership interest in Cadillac at the time of such financing.

On closing of the IPO, Agnico Eagle will enter into a lock-up agreement in favour of the underwriters of the IPO, pursuant to which it will agree that it will not, directly or indirectly, without the prior written consent of the underwriters: (a) offer, sell, pledge or otherwise dispose of any Common Shares or any securities convertible into or exercisable or exchangeable for Common Shares (collectively, the “Locked-Up Securities”); (b) make any short sale, engage in any hedging or enter into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of the Locked-Up Securities; or (c) agree to or publicly announce any intention to do any of the foregoing, in each case, for a period of 180 days following the closing date of the IPO, subject to certain limited exceptions.

Agnico Eagle is acquiring the Common Shares as part of its strategy of acquiring strategic positions in prospective opportunities with high geological potential. Depending on market conditions, strategic priorities and other factors, Agnico Eagle may, from time to time, acquire additional Common Shares or other securities of Cadillac or dispose of some or all of the Common Shares or other securities of Cadillac that it owns at such time.

An early warning report will be filed by Agnico Eagle in accordance with applicable securities laws. To obtain a copy of the early warning report, please contact:

Investor Relations
Agnico Eagle Mines Limited
145 King Street East, Suite 400
Toronto, Ontario M5C 2Y7
Telephone: 416-947-1212
Email: investor.relations@agnicoeagle.com

Agnico Eagle’s head office is located at 145 King Street East, Suite 400, Toronto, Ontario M5C 2Y7. Cadillac’s head office is located at 123 Front Street West, Suite 905, Toronto, Ontario M5J 2M2.

About Agnico Eagle

Canadian-based and led, Agnico Eagle is Canada’s largest mining company and the second largest gold producer in the world, operating mines in Canada, Australia, Finland and Mexico. Agnico Eagle is advancing a pipeline of high-quality development projects in these regions to support sustainable growth over the next decade. Agnico Eagle is a partner of choice within the mining industry, recognized globally for its leading sustainability practices. Agnico Eagle was founded in 1957 and has consistently created value for its shareholders, declaring a cash dividend every year since 1983.

Forward-Looking Statements

The information in this news release has been prepared as at July 24, 2026. Certain statements in this news release, referred to herein as “forward-looking statements”, constitute “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and “forward-looking information” under the provisions of Canadian provincial securities laws. These statements can be identified by the use of words such as “may”, “will” or similar terms.

Forward-looking statements in this news release include, without limitation, statements relating to Agnico Eagle’s acquisition of Common Shares pursuant to the Private Placement and expected ownership interest in Cadillac, the closing of the Private Placement and IPO and the agreements to be entered into in connection therewith, and Agnico Eagle’s acquisition or disposition of securities of Cadillac in the future.

Forward-looking statements are necessarily based upon a number of factors and assumptions that, while considered reasonable by Agnico Eagle as of the date of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Many factors, known and unknown, could cause actual results to be materially different from those expressed or implied by such forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. Other than as required by law, Agnico Eagle does not intend, and does not assume any obligation, to update these forward-looking statements.

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SOURCE Agnico Eagle Mines Limited