Tag: Asia Economy
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India calls JD Vance’s comments about immigrants ‘deeply offensive’
India calls comments of U.S. Vice President J.D. Vance about immigrants from the country “deeply offensive.”
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‘Real boss of India?’: Elon Musk takes aim at Indian billionaire Ambani as Starlink launch stalls
Musk claimed Starlink was not being allowed to launch in India despite spending five years complying with every single law and requirement of the government.
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CNBC Daily Open: Is cheap gas America’s Godot?
Trump’s pledge not to attack Iran before the midterms hasn’t shifted Kalshi traders, who still bet gas stays high on Nov. 3.
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U.S. East Asian envoy says investors are overpricing Taiwan risk
Investors are overestimating the risk of conflict across the Taiwan Strait, a U.S. diplomat says, playing up deterrence to keep Beijing from taking the island.
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The Indian billionaire investing in Trump’s refinery project is also buying more Venezuelan crude
Outside the U.S., India is the biggest destination for Venezuelan oil, with Reliance Industries purchasing the bulk of it.
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AI startup Manus raises $500 million in first funding round since Meta breakup
The deal is handing the AI agent developer fresh capital after Beijing forced Meta to unwind its roughly $2 billion acquisition.
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America shut out Chinese EVs. Britain welcomed them — and now faces a difficult choice
Britain faces a finely balanced choice over whether to follow the EU in imposing tariffs on Chinese EVs.
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Elon Musk blames Indian ‘oligarchs’ for stalling Starlink launch
Space X founder Elon Musk accused oligarchs in India of keeping Starlink out of the country to protect their monopoly over consumers.
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Why AI is both the hope and the hazard for world leaders, according to IMF chief Georgieva
Kristalina Georgieva warns that the technology lifting growth hopes is also pushing up inflation and yields, just as public debt levels rose.
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India’s central bank hikes rates for the first time since 2023 as inflation risks build
HSBC and Goldman Sachs expect the RBI to raise interest rates in December as well.
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