11street has launched an online store in China featuring around 350 Korean brands, primarily in beauty, food, fashion, and health. The platform will manage logistics and marketing, aiming to boost e-commerce between Korea and China. This move capitalizes on the significant share Chinese consumers hold in South Korea's cross-border e-commerce market.
Franklin Templeton filed with the SEC to launch two ETFs that would reinvest stock dividends into Bitcoin exposure, aiming to integrate crypto into traditional portfolios without direct upfront investment.
Fusion power, once a distant dream, is now a tangible technology attracting significant investment. Advances in computing, AI, and superconducting magnets are driving innovation, with several startups aiming for commercial viability and potentially disrupting trillion-dollar energy markets.
The UK plans to ban social media access for under-16s without age verification, requiring ID uploads. Critics argue this will increase data collection by Big Tech, harm privacy, and stifle competition, while proponents seek tighter speech restrictions.
Elon Musk's SpaceX IPO has sparked widespread concern among Americans about their retirement savings being tied to AI-driven companies. Many fear market instability, widening inequality, and a lack of accountability from tech giants.
India's SEBI has approved the reintroduction of open market buybacks for companies, effective August 1. This method allows firms to repurchase shares directly from stock exchanges, offering an efficient way to return capital to shareholders.
Datacenters are driving unprecedented growth in US clean energy, boosting wind and solar, but also leading utilities to build fossil-fuel plants and delay renewable transitions. Tech companies are investing heavily in self-generation due to grid connection delays.
Amazon CEO Andy Jassy revealed plans for the company's in-house AI chips, Trainium, to compete with Nvidia. AWS is in talks to sell Trainium chips to other companies, with strong demand reported for current and future versions.
Chinese AI developers are rapidly advancing to trillion-parameter foundation models, aiming to close the gap with US rivals like OpenAI and Anthropic. This push occurs as the US implements export controls restricting access to leading AI software, impacting global availability of top-tier models.
Indian IT stocks, including Tata Consultancy Services, Infosys, and Tech Mahindra, fell up to 7% on Friday following Accenture's reduced revenue growth forecast for FY26 to 3-4%, impacting sector sentiment.
Influenciadora e advogada Deolane Bezerra, líder do PCC Marcola e mais quatro pessoas se tornaram réus por organização criminosa e lavagem de dinheiro. Áudios e conversas de celular apreendidos pela polícia são a principal peça da investigação.
South Korea's insurance companies saw their capital adequacy ratio rise to 216.1% in Q1, up from 212.3% in Q4, driven by increased available capital and gains in stock holdings. Life insurers reached 207.7%, while non-life insurers hit 229.7%.
Influenciadora Deolane Bezerra é ré em processo por lavagem de dinheiro e associação criminosa. Investigação aponta plano para transferir patrimônio para os Emirados Árabes. Bens de luxo foram sequestrados.
Russian President Vladimir Putin invited Cambodian companies to participate in the Eastern Economic Forum in Vladivostok and Russian Energy Week in Moscow. The invitation was extended during a meeting with Cambodian Prime Minister Hun Manet on the sidelines of the Russia-ASEAN Summit.
The Federal Reserve has proposed new rules for American crypto firms to evaluate customers and prevent money laundering, following the legalization of stablecoins under the GENIUS Act. The rules require digital asset service providers to verify customer identities and cross-reference data with government watchlists.
Fox's acquisition of Roku is poised to reshape the streaming landscape. Expect The Roku Channel to become exclusive to Roku devices, IoT efforts to be phased out, and a potential surge for the budget streamer Howdy. International expansion and sports content integration are also key future developments.
Russia's Foreign Ministry has vowed to take "effective and harsh retaliatory measures" against new EU sanctions imposed on June 15, targeting Russian individuals and companies, as well as some foreign entities. Spokeswoman Maria Zakharova stated the sanctions are self-defeating and harm the EU and global security.
AI pioneer Yann LeCun criticized Elon Musk's xAI as a "failure" due to team departures and warned of a potential "big bubble explosion" in the AI industry, citing high operational costs and investor-funded usage.
Hollister, Abercrombie & Fitch's youth-focused brand, is expanding into home and dorm decor through a collaboration with Target. The collection, launching June 28, aims to drive growth by tapping into the lucrative back-to-college market and positioning Hollister as a lifestyle brand beyond apparel.
UK job vacancies have fallen to 707,000, the lowest since early 2021, signaling increased business caution in hiring. New recruit numbers are also at a five-year low, impacting sectors like professional services, retail, and hospitality.
Klarna's shift from full-time customer service to AI chatbots and gig workers illustrates AI's transformation of work. Experts predict AI will fragment jobs, leading to more precarious gig work, impacting white-collar professions and rolling back worker protections.
Uzbekistan's President Shavkat Mirziyoyev announced plans for a new international financial centre operating under English common law principles, offering extensive tax incentives for 50 years. The initiative aims to attract foreign investment by creating a familiar regulatory environment. The country has attracted over $150bn in foreign investment recently, with its economy growing by 7.7% last year.
Uzbekistan announced plans for a new international financial centre and six investment priorities at the Tashkent International Investment Forum. The centre will operate under English common law with significant tax incentives for 50 years. The country has attracted over $150 billion in foreign investment recently.
Foreign governments, banks, and companies are increasingly issuing yuan-denominated "panda bonds" in China due to significantly lower borrowing costs compared to dollar markets. This trend is driven by Beijing's push to internationalize the yuan and a widening interest rate gap, with issuance volumes reaching record highs.
