SBI Holdings acquires majority stake in Coinhako, a Singaporean crypto platform, post-MAS approval, aiming to combine customer base and network with its financial and digital asset services.
China is prioritizing non-invasive brain-computer interfaces (BCI), designating the technology as a 'future industry.' Unlike Elon Musk's Neuralink, Chinese startups like Neuracle Medical Technology and BrainCo are developing devices that read brain signals without surgery, focusing initially on medical applications like prosthetics and rehabilitation.
German media group Axel Springer has finalized its £575m acquisition of The Telegraph, concluding three years of ownership uncertainty. The deal, which received regulatory approval in the UK, Ireland, and Austria, aims to boost the newspaper's digital transformation and expand its reach, particularly in the US.
SBI Holdings will acquire Tokyo-based cryptocurrency exchange Bitbank for approximately $289 million. The deal aims to create Japan's largest crypto exchange by asset value, combining Bitbank's infrastructure with SBI's existing operations.
Former New York Governor Andrew Cuomo will co-chair a new digital assets joint venture between cryptocurrency exchange OKX and Intercontinental Exchange (ICE), parent of the NYSE. The venture aims to build infrastructure for tokenized financial products and will allow OKX users access to ICE futures and NYSE tokenized equities markets, pending regulatory approval.
Wealthsimple is launching a prediction markets app, Wealthsimple Predict, in Canada this summer. The app, powered by Kalshi, will offer access to thousands of event-based contracts after receiving regulatory approval from CIRO.
Qantas has again postponed its direct Sydney to London flights, now slated for October 2027. The delay is attributed to extended wait times for new Airbus A350-1000ULR aircraft, with the first delivery pushed to April 2027, impacting the previously announced 2027 launch.
Kazakhstan has successfully conducted an unmanned test flight of its first air taxi, the V2000 Prosperity eVTOL, in Alatau City. The project aims to establish an urban air mobility network with multiple vertiports by 2028.
Polymarket has appointed Mike Eidlin as its Japan representative and plans to seek regulatory approval by 2030. The prediction market platform, currently restricted in Japan, sees significant organic interest. It also faces global competition with Kalshi and regulatory scrutiny in South Korea and India.
SMIC, China's largest foundry, has received final regulatory approval from the China Securities Regulatory Commission (CSRC) to acquire the remaining 49% of SMNC for approximately $9 billion. This move will make SMNC a wholly-owned subsidiary of SMIC.
Kraken's parent company, Payward, received preliminary authorization from Dubai's Virtual Asset Regulatory Authority (VARA) to offer virtual asset services to retail and professional investors in the emirate.
SOCAR acquires 99.82% stake in Italiana Petroli, expanding Azerbaijan's presence in Europe's energy market
Acquisition would result in combined company serving about 9.6 million customers if given regulatory approvalBusiness live – latest updatesThe German energy group E.ON has agreed to buy struggling UK rival Ovo in a deal that would create Britain’s biggest gas and electricity supplier.The combined company will serve about 9.6 million customers, overtaking the market leader, Octopus, which serves almost 8m households in the UK. Continue reading...
Industrialist Lakshmi N. Mittal, his son Aditya, and Adar Poonawalla have acquired a majority stake in Rajasthan Royals for USD 1.65 billion. This deal, valued at approximately Rs 15,600 crore, includes associated teams Paarl Royals and Barbados Royals. The transaction is pending regulatory approvals and is expected to conclude by Q3 2026.
Circle Internet Group, operator of the world's second-largest stablecoin USDC, reports surging payments into Hong Kong on its Circle Payments Network. CEO Jeremy Allaire called Hong Kong one of the most popular cross-border settlement routes, describing the market as important and attractive. Circle hopes to see USDC approved as a foreign stablecoin in Hong Kong, having already partnered with OSL Group and signed an MOU with HKT.
Polymarket is negotiating with the CFTC to allow US users back onto its main prediction market platform, aiming to reverse a 2022 ban. The company faces increasing competition from rivals like Kalshi and ongoing legal scrutiny regarding event contracts.
Alibaba Group plans to spin off Jiaxing Park, a key Cainiao logistics facility in Zhejiang province, into a publicly listed REIT managed by CICC Fund. Analysts say the move will help the e-commerce giant unlock value from mature infrastructure while redeploying capital into higher-growth opportunities. The proposal awaits regulatory approval from the Shenzhen Exchange and CSRC.
How Ripple is testing RLUSD in Singapore’s MAS sandbox to enable conditional trade settlements, and why this does not amount to full regulatory approval.
