Tag: Asia Economy
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Luckin Coffee, flush with investor cash, weighs entry into Middle East markets
Luckin is weighing a push into Middle East markets while deepening its foothold in Southeast Asia, with backing from sovereign wealth funds in both regions.
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Samsung to inject $1 billion into Nvidia- and KKR-backed AI infrastructure firm
Samsung Electronics and its five affiliates are investing $1 billion in KKR-launched Helix as the group expands its push into global AI infrastructure.
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Trump ‘very seriously’ considering diesel export ban as global supply crunch worsens
Analysts warn an export ban could backfire, pushing up global diesel prices and potentially triggering higher U.S. gasoline prices as refiners adjust.
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Northern Star shares pop as Australian gold miner rejects $27-billion takeover proposal
Northern Star shares jumped more than 9% after the Australian gold miner rejected a takeover proposal from Gold Fields.
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CNBC Daily Open: The art of the deal-ish
Chinese president’s state visit to Washington appears to have produced more personal diplomacy than breakthroughs.
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China saw ‘surprise’ jump in U.S. orders ahead of Trump-Xi summit, private survey shows
A private survey shows a rebound in China’s exports to the U.S. as companies position for continued stability between the world’s two largest economies.
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India’s viral Cockroach Party calls election panel head ‘biggest threat’ to democracy. Here’s why it matters
Months after its Gen Z protest rattled the Modi government, India’s viral youth movement, the Cockroach Party, is demanding the top election official steps down.
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Atlanta is getting pandas: China’s Xi revives a longtime diplomatic strategy at summit with U.S.
Chinese President Xi Jinping promised two giant pandas to Zoo Atlanta, reviving Beijing’s decades-old charm offensive.
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Chinese humanoid robotics firm expanding globally in preparation for IPO
The humanoid robotics industry is unlikely to be affected much by existing U.S. chip export restrictions, according to UniX AI, citing its own experience.
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Indian AI firm backed by Dune and Odyssey visual effects studio valued at $2 billion in fundraise
Brahma, an Indian enterprise AI content start-up that is backed by the visual effects studio behind Dune, has raised funds at a $2 billion valuation.
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