Cross-border biotech deals between China and the US are facing increased complexity and potential slowdown due to US restrictions on investment and technology transfers, according to analysts. Despite challenges, innovation from China is expected to drive continued partnerships, with out-licensing agreements projected to reach $240 billion.
The European Commission is gathering feedback on potential revisions to the Markets in Crypto Assets (MiCA) framework, dubbed "MiCA 2.0." The consultation focuses on refining regulations for DeFi, stablecoins, and prediction markets, aiming for greater clarity and competitiveness in the digital asset space.
A KPMG report indicates India's housing sector is set for a significant transformation driven by urbanization and policy reforms. Key focus areas include affordable housing and rental housing development, with recommendations for regulatory improvements and increased investment.
Australia's health watchdog, Ahpra, has adopted the IHRA definition of antisemitism, drawing praise from Jewish groups but criticism from the Australia Palestine Advocacy Network, which fears it will stifle criticism of Israel's actions.
Digital gold providers in India are increasing book audits and physical vault checks to boost transparency, as the sector gains 80 million customers. This self-regulatory move follows SEBI's observation of the sector being 'unregulated'.
OpenAI has appointed Dean Ball, a former senior policy advisor on AI in the Trump administration, to lead its new Strategic Futures unit. Ball will focus on shaping OpenAI's frontier AI policy and internal governance, citing the company's key breakthroughs and talent as reasons for joining.
A Canadian Transportation Safety Board report found regulatory failures allowed OceanGate's unregistered Titan submersible to operate for years before its 2023 implosion. Multiple federal agencies lacked a unified oversight system, leading to critical information gaps.
Tokenised gold, a blockchain-based digital representation of physical gold, is emerging in India. While offering accessibility and 24/7 trading, it faces a lack of regulation, high taxes (30% on gains as VDA), and reliance on multiple entities for security. Experts advise caution, suggesting it as an experimental investment with limited portfolio exposure.
Tokenised gold, a blockchain-based digital representation of physical gold, is emerging in India. While offering accessibility and 24/7 trading, it lacks regulation, faces high taxes (30% on gains as VDA), and requires investor trust in multiple entities. Experts suggest it as an experimental investment with limited portfolio exposure.
A top US trade official criticized unfair trade practices, implicitly targeting China, while also admitting the US government was "asleep at the wheel" for too long. William Kimmitt highlighted subsidies, dumping, and regulatory barriers, alongside US inaction leading to factory closures and production moving overseas.
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.
Pauline Hanson's National Press Club speech has drawn widespread condemnation from advocacy groups and politicians. Critics accuse her of using "hatred for political gain," echoing "rubbish" from rightwing figures, and promoting divisive language against transgender people, multiculturalism, and workers.
China held a forum in Berlin to promote imports from the EU, aiming to ease trade tensions and address its growing trade surplus. The event, attended by officials and executives, sought to showcase China's market potential amid rising regulatory hurdles and geopolitical shifts in Europe.
India has removed cough syrups from Schedule K of the Drugs Rules, 1945, ending a decades-old exemption that allowed their sale without a doctor's prescription in villages under 1,000 population. This change aims to enhance regulatory oversight and traceability, following concerns over contaminated syrups linked to child deaths.
Binance stated it believes it complies with EU's MiCA regulations, contradicting a Reuters report suggesting Greece's regulator will deny its license application. Losing the license could force Binance to cease operations across the EU.
Chinese manufacturers exporting to the EU face new regulatory hurdles due to the Carbon Border Adjustment Mechanism (CBAM). The system requires detailed carbon intensity data, causing significant compliance challenges for companies like Neil Miao's, who struggle with understanding and providing the required information.
Moody's Analytics chief economist Mark Zandi warns that sudden US restrictions on Anthropic's advanced AI models, coinciding with the SpaceX IPO, highlight a hidden economic threat and pose a "massive threat" to market optimism and the economy.
OpenAI is under investigation by a group of state attorneys general, led by New York's AG, demanding documents on user data protection, advertising, and policies for minors and older adults. This probe arrives as OpenAI prepares for a potential $1 trillion IPO, adding to existing legal pressures.
South Korea's media watchdog chief, Kim Jong-cheol, pledged bold regulatory reforms to foster a healthy media environment, focusing on broadcast advertisements and programming. Plans include establishing a media development committee and addressing JTBC's financial issues.
Wealthy Indians investing abroad are facing increased scrutiny due to regulatory missteps. Common errors include misclassifying investments, failing to report properly, breaching remittance limits, and using structures that resemble round-tripping, attracting attention from government agencies.
The FIA admitted pit lane speeding penalties at the Monaco Grand Prix were incorrect, reinstating Pierre Gasly to the podium. This has triggered appeals from McLaren and Red Bull, while Mercedes is assessing legal options for George Russell, creating a regulatory mess.
Meta is unwinding its $2 billion acquisition of AI startup Manus following an order from Chinese regulators. The company has halted data sharing and operational ties, a move driven by China's tightening control over technology amid US competition.
US Senate lawmakers and law enforcement are in talks over the CLARITY Act's provision on "non-controlling developers." Law enforcement fears it will hinder investigations into illicit finance, while the industry argues it's crucial for innovation. The bill's passage hinges on finding a balance before the August recess.
