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.
India's food regulator FSSAI is scrutinizing 'natural' and 'healthy' food claims, flagging products for misleading advertising. This includes juice marketed as 'no added sugar' with high sugarcane content, and claims like '100% natural' on instant noodles.
The Bank of Russia lowered its key interest rate to 14.25% from 14.5%, a smaller cut than anticipated. Factors influencing the decision include increased war spending, Western sanctions, and a fuel crisis exacerbated by Ukrainian drone strikes on Russian refineries.
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.
Texas, once a hub for data centers with generous incentives, is now requiring these facilities to fund the grid infrastructure they rely on, shifting costs from households to the industry. This move by Governor Greg Abbott could set a precedent for AI buildout regulation nationwide.
AI is transforming the crypto industry, shifting value from articles to databases. Companies like Blockworks are acquiring data providers, aiming to become the 'Bloomberg of crypto' by offering institutional-grade data and analytics, as traditional news distribution declines.
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'.
Delhi's power regulator DERC has approved BSES Rajdhani Power Limited's plan for five battery energy storage systems, benefiting over 2.5 lakh residents. The project aims to boost grid reliability and renewable energy integration, with projected annual benefits exceeding ₹88 crore.
Binance's potential rejection for a crypto license in Greece under MiCA has led to speculation about the European Central Bank's informal influence, despite national regulators holding licensing authority. The ECB's stance on stablecoins may be a factor.
The Bank of Russia has reduced its key interest rate by 25 basis points to 14.25% per annum. The decision comes as economic growth continues at a moderate pace, with underlying price growth edging down, though lending growth has accelerated. The regulator noted that a more accommodative fiscal policy may necessitate a higher key rate path in the future.
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.
England captain Ben Stokes may return for the third Test against New Zealand as optimism grows within the team, pending an investigation into a nightclub incident. He's been included in Durham's squad for a County Championship match.
England captain Ben Stokes may return for the third Test vs. New Zealand as optimism grows within the team. He faces an investigation for allegedly breaching team curfew and visiting a nightclub. Stokes has been included in Durham's squad for a County Championship match.
Ofcom is questioning Telegram's measures against illegal incitement after a man convicted of arson attacks linked to Keir Starmer was directed via the app by a Russia-linked handler. The handler, "El Money," offered cryptocurrency for the attacks.
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.
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.
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.
Malta's financial regulator, the MFSA, has issued a discussion paper proposing a legal framework for DeFi and DAOs, inviting public feedback under the EU's MiCA regulation. The paper suggests recognizing DAOs as "software-based organizations" and addresses the complexities of decentralization claims in DeFi projects.
Celsius founder Alex Mashinsky has been permanently banned from trading markets regulated by the CFTC. This follows his 12-year prison sentence for securities and commodities fraud and a prior FTC ban from the crypto ecosystem.
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.
FERC is ordering US grid operators to revise rules for connecting large energy users like data centers, as demand strains power grids. The move aims to manage demand, expedite connections for AI race objectives, and ensure reliable, affordable power.
