Tag: Asia Economy
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Majority of U.S. workers support an AI wealth fund as tech layoffs surge, survey finds
A majority of U.S. employees now want an AI sovereign wealth fund to hold corporations more accountable, according to a recent survey, as tech layoffs rise.
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While Musk’s Neuralink drills into skulls, China’s BrainCo bets the future of brain tech is wearable
Interest in brain-computer interfaces is rising as it promises to help people with compromised neural abilities.
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Ukraine escalates attacks on tankers near Crimea as Russian fuel shortages bite
The drone strikes form part of Ukraine’s campaign designed to choke off supplies and transportation routes in and out of Crimea.
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India ramps up missile sales in Indo-Pacific as China’s assertiveness turns neighbors wary
India has signed a third pact for the supply of missiles in the Indo-Pacific region as countries in the region grow wary of China’s growing assertion.
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U.S. to continue ‘technical talks’ with Iran after Trump said ceasefire was ‘over’
The ceasefire signed last month came under serious strain in recent days as the U.S. and Iranian forces exchanged attacks for consecutive days this week.
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Why the world’s best-performing stock market this year fell into bear territory
The Kospi fell more than 5% on Wednesday, which brought it 20% below its June 19 record high, according to LSEG data.
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Crypto still ‘off the table’ for Singapore’s Temasek, four years after FTX flop
Temasek’s investment in the now-bankrupt FTX cryptocurrency exchange led to a writedown of $275 million in 2022, drawing much local criticism.
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China consumer price growth weakens in June while producer inflation rises on export orders
Investors increasingly view China’s two-speed growth with robust export and tepid domestic demand as a defining long-term feature of the Chinese economy.
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Inside India newsletter: India’s $50 billion worth of IPOs at risk as Trump ends Iran ceasefire
After a slow start this year, IPOs worth $50 billion were ready to hit Indian markets. These plans are at risk after the U.S. ended the ceasefire with Iran.
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Singapore’s Temasek boosts China exposure by $7.7 billion, biggest rise in five years, in AI-driven pivot
Temasek is repositioning its China portfolio toward AI-related hardware and infrastructure, robotics, biotech, energy transition.
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