India’s artificial intelligence sector is gaining significant global momentum as Bengaluru-based startup Emergent secured a $1.5 billion valuation following a $300 million Series C funding round. Emergent and the Rise of No-Code AI The recent capital injection into Emergent highlights a move toward democratizing technology for non-technical users. Co-founder and chief executive Mukund Jha noted … Read more
The U.S. government has imposed 25% tariffs on most imports from Brazil starting July 22, following a yearlong investigation into unfair trade practices. The action, taken under Section 301 of the Trade Act of 1974, follows the collapse of negotiations between the Trump administration and President Luiz Inacio Lula da Silva’s government. U.S. Trade Representative … Read more
China’s trade growth accelerated beyond expectations in June, with overall exports rising 27% year-on-year in U.S. dollar terms, according to customs data released Tuesday. This surge was driven by high global demand for AI hardware and a rush by U.S. retailers to import goods before anticipated tariff hikes, as reported by CNBC. AI Hardware and … Read more
Ukrainian drone strikes on Russian oil refineries and fuel transport ships have triggered domestic gasoline shortages across Russia, forcing long queues at petrol stations. According to reports from CNBC and regional observers, these targeted attacks on energy infrastructure—ranging from facilities in Moscow and St. Petersburg to refineries as far as Omsk—are straining the Kremlin’s fuel … Read more
India’s BrahMos Missile Sales to Indonesia: A Strategic Shift India’s defense exports are gaining momentum as the country will supply BrahMos missiles to Indonesia, marking the third such agreement in the Indo-Pacific. The sale underscores New Delhi’s rise as a defense supplier, driven by regional concerns over China’s assertiveness. According to an Indian foreign ministry … Read more
South Korea’s benchmark stock index, the Kospi, has entered bear market territory, falling more than 20% from its June 19 record high, according to LSEG data. This sharp reversal follows a period as one of the world’s hottest equity markets, driven by a cooling in investor sentiment toward artificial intelligence and high concentration in a … Read more
Temasek Holdings, the Singapore state investor, reached a record net portfolio value of SG$518 billion ($401 billion) for the fiscal year ending March 31, according to company reports. The firm achieved a 10.5% total shareholder return, bolstered by strong domestic equity performance and strategic divestments, despite headwinds from geopolitical instability and currency fluctuations. What drove … Read more
The Indian government has issued formal warnings to Meta regarding Instagram and WhatsApp, demanding the immediate removal of child sexual abuse material from paid advertisements and pausing new feature rollouts to mitigate cybercrime risks. These actions underscore increasing regulatory scrutiny over social media safety and data governance in one of Meta’s largest global markets. Why … Read more
Indonesia’s financial markets face a period of heightened volatility as foreign investors pull capital amid concerns over populist fiscal policies, governance standards, and a high-profile corruption conviction. The Jakarta Composite Index has declined 7.9% over the past month and nearly 35% year-to-date, as the nation’s stocks tumbled at the fastest pace worldwide last week. Why … Read more
KKR and SK Inc. are launching a 2 trillion won ($1.3 billion) renewable energy platform in South Korea to supply clean power to AI data centers and semiconductor manufacturers. The venture will scale from 1.7 gigawatts to 10 gigawatts of capacity, integrating wind, solar, and fuel cell assets from across the SK Group. What energy … Read more