Microsoft is selling OpenAI's advanced AI models to major Chinese tech firms like ByteDance, despite US warnings about China's AI capabilities. This business, growing rapidly in China, generates over $1 billion annually from customers like ByteDance, raising concerns about intellectual property theft and model distillation.
Poman Lo Kuok, Executive Vice Chairman and Group Managing Director of Regal Hotels, highlighted Hong Kong's potential for cultural tourism during an interview with the South China Morning Post. She emphasized the city's vibrant international nature combined with its preserved traditional culture, positioning it as a bridge between mainland China and the world.
PM Narendra Modi transferred Rs 2,400 crore to beneficiaries under the Prime Minister Viksit Bharat Rozgar Yojana (PM-VBRY), aiming to create 15 lakh employment opportunities. He highlighted the role of trade agreements in opening new markets and emphasized quality in products and services for international competitiveness.
Digital credit products from Strive and Strategy experienced their worst day on record Thursday, with prices plummeting below par values. Strive CEO Matt Cole attributed the declines to a 'leverage liquidation event,' not a deterioration of underlying credit quality, while acknowledging investor concerns about dividend payments.
SpaceX's historic IPO triggered a massive surge in leveraged ETFs, with over $10 billion traded in its first week. Competing firms launched 11 ETFs, primarily targeting sophisticated traders, as demand for exposure to the space giant's stock, amplified by Elon Musk's name, exceeded expectations.
The CFTC approved KalshiEX's Bitcoin perpetual contract, leading CME to sue, arguing it should be classified as a swap. This decision blurs lines between futures, sports betting, and crypto trading, with potential for significant market shifts.
Turkish Foreign Minister Hakan Fidan's two-day visit to Moscow underscored the strategic depth of Turkey-Russia cooperation, covering foreign policy, security, and energy. Despite Western pressure, Turkey maintains pragmatic ties, engaging on issues from Ukraine mediation to Middle East tensions and energy security, notably the Akkuyu Nuclear Power Plant.
The US and Iran have signed a memorandum of understanding to end their war, with a ceasefire extended for two months to allow for talks on long-standing disputes, including Iran's nuclear program. Both sides claim victory, but major obstacles remain.
The article discusses India's pursuit of self-reliance in defence, drawing lessons from Iran's missile and drone strategy and Ukraine's drone improvisation. It highlights India's diverse defence ecosystem and tailored approach, citing Operation Sindoor as an example of indigenous system success.
China's stance towards the West has evolved from a nascent rejection in 1996 to possessing significant strategic leverage, evident in its forceful countermeasures against Western claims and sanctions, and a shift in Western leaders visiting Beijing.
SpaceX's post-IPO trading, under ticker SPCX, resembles a crypto asset due to its extremely small public float. The stock's rally is fueled by limited supply and high demand, amplified by leveraged crypto derivatives and a new AI acquisition, but faces skepticism over its $3 trillion valuation.
US intelligence agencies assess Iran can now close the Strait of Hormuz at will, a powerful tool to disrupt the global economy. This comes despite a peace agreement expected soon, raising concerns about future leverage and potential disruptions to other key trade routes.
Mobileye plans to launch a vertically integrated robotaxi service in an unnamed US city in 2027, using its Moovit platform. The company will start with 100 robotaxis early next year and aims to scale to 17,000 within five years.
The US Navy is planning a large, permanent war-ready weapons stockpile for its Marine Corps in Victoria, Australia. The US$30 million project aims to leverage Australia's strategic location to counter China's military expansion and is expected to be fully operational by 2028.
Former National Security Adviser John Bolton told Euronews that Iran skillfully negotiated with then-President Donald Trump, exploiting his focus on lower energy prices over geopolitical implications. Bolton stated Iran "played him like a violin," securing a deal favorable to them.
North Korea is strategically defending its nuclear arsenal by leveraging the global superpower rivalry, particularly between the US and China. As the Iran conflict concludes, Pyongyang anticipates renewed denuclearization pressure and seeks support from Russia and China to legitimize its weapons program and secure economic/military aid.
The Indian government is covering hedging costs for FCNR(B) deposits until Sept 2026, allowing banks to offer over 7% interest. This enables NRIs to use a rate arbitrage strategy, borrowing against deposits to reinvest and potentially earn significant returns, though risks like fluctuating borrowing costs and foreign taxes remain.
Ukraine intensifies diplomatic efforts with the US and Europe, seeking increased Western support to encourage Russia to negotiate. Leaders gather at the G7 summit to restate support, while discussions continue on peace talks and military aid, including crucial missile production.
Former Bank of England governor Mark Carney's push for middle powers to cooperate is resonating globally, particularly among European allies and nations like Australia and Japan, as they navigate a world with an unpredictable US under Trump. His message of "variable geometry" partnerships aims to build resilience and diversify trade ties beyond superpowers, influencing responses to issues like Greenland and Iran.
An analysis of NCRB data from 2022-2024 shows Uttar Pradesh outperforming national trends in murder, attempt to murder, rape, kidnapping, and rioting. Despite caveats on data recording, UP's crime rates and share of national cases remain below population share.
Foreign investors are actively trading single-stock leverage products for Samsung Electronics and SK Hynix, buying and selling them repeatedly ('ping-pong' trading) while net selling the underlying stocks. This strategy aims to maximize profits by rebalancing portfolios and capitalizing on short-term price fluctuations in the volatile semiconductor market.
CME Group launched 24/7 Bitcoin futures and options trading on May 29, coinciding with a significant market downturn and a large wave of liquidations. The move aims to provide institutions with regulated hedging tools, but the first week's performance raised questions about whether it calmed or accelerated weekend crypto risk.
Ether (ETH) price is struggling to reclaim $1,700 due to bearish ETH futures trends and spot ETF outflows, signaling weak institutional appetite. However, strong demand for ETH staking and falling exchange deposits indicate holder confidence in its long-term value, preventing further price declines.
Kim Jong Un leveraged his "indispensable" position with Xi Jinping, highlighting North Korea's nuclear status as a "stabilizing factor" in the Asia-Pacific, contrasting with Western narratives and Israel's regional impact.
