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Bright red neon closed sign illuminating a dark space, conveying closure and night ambiance.
Business3/30/2026, 1:58:38 AM

The Blunt Blade: Why China’s 'Price Butcher' Is Losing the Air Conditioning War

AUX Electric, once famous for its aggressive price-cutting strategy in the Chinese air conditioning market, is facing a severe crisis as rising material costs and low R&D investment gut its profitability. Despite a recent IPO, the company's net profit has plummeted 24.4%, highlighting the failure of its low-margin model in an era of premium, smart home transitions.

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World3/29/2026, 7:57:55 PM

Tehran Accuses Israel of 'Targeted Assassination' of Lebanese Journalists Amid Escalating Regional Media War

Iranian Foreign Minister Abbas Araghchi has condemned the killing of three Lebanese journalists from Al-Manar and Al-Mayadeen, labeling the event a targeted assassination by Israel. Tehran is calling for international accountability, framing the incident as a violation of international law and an attempt to suppress media coverage of regional conflicts.