Architect of AI’s Future and a New Model of Leadership
In a world where innovation is moving at a breakneck speed and global threats are looming large, Sam Altman is the force behind the radical transformation of tech. With OpenAI, a company worth almost $90 billion in 2024 and backed by over $13.75 billion from Microsoft, Altman has played During
Adani Airport Breaks the Partnership with China-based DragonPass
Adani Group ends its ties with the Chinese company DragonPass, a platform which offers airport lounge access services, and the termination of the partnership takes effect immediately. DragonPass customers are not allowed to enter the lounges at Adani’s Airport. The reason is unclear, but it will not affect other customers.
Bain Capital Plans to Sell China Data Center Business Worth $4B
Bain Capital is looking to sell the China business of data centre operator WinTriX DC Group in a deal that could exceed $4 billion, according to two sources familiar with the matter. The U.S. investment firm has enlisted advisers who have held preliminary discussions with potential buyers in recent months.
Japan’s SMBC May Acquire Majority Stake in Yes Bank
Japanese financial powerhouse Sumitomo Mitsui Corporation (SMBC) is reportedly discussing buying the majority stake in India’s Yes Bank. According to reports, both institutions were discussing the deal for several months. Notably, the State Bank of India (SBI) has been planning to trim its stake in Yes Bank. As of now,
Taiwan Unveils $12.6B Stimulus to Soften Tariff Blow, Eyes Energy Deals with U.S.
In a bold move to shield its economy from potential shocks, Taiwan’s Premier Cho Jung-tai announced on Thursday an expanded stimulus package worth T$410 billion (approximately $12.6 billion). The proposal aims to counter the economic ripple effects of impending 32% U.S. tariffs, which were recently paused for 90 days by
Hong Kong Post Halts Goods Mail to U.S., Citing “Bullying” Tariffs
In a strong response to what it calls “unreasonable and bullying” trade policies, Hong Kong Post announced that it is suspending goods mail services by sea to the United States, effective immediately. It will also pause air mail services for goods starting April 27. In its official statement, the postal
7-Eleven Owner Rejects $38B Takeover Bid from Canadian Rival
In a bold move, Japan’s Seven & i Holdings, the owner of the global convenience store giant 7-Eleven, has turned down a $38 billion takeover offer from Canadian retail powerhouse Alimentation Couche-Tard (ACT), calling the bid “opportunistically timed” and far below the company’s true value. In a letter to ACT,
Trump Threatens China With 50% Tariff as Global Markets Slide
Tensions flared on Monday in the U.S. President Donald Trump escalated his tariff battle with China, threatening a 50% levy on Chinese imports if Beijing does not retract its newly imposed 34% counter-tariff. The warning, issued via Trump’s Truth Social post, comes just days after his “Liberation Day” policy slapped
Hefty U.S. Tariffs Threaten Southeast Asia’s Economic Gains
Southeast Asian countries found themselves grappling with economic shockwaves on Thursday as they faced some of the highest tariffs imposed by the U.S. President Donald Trump. These hefty duties now threaten the economies that previously thrived on investments since Trump’s first-term tariffs on China redirected manufacturing to the region. Vietnam,
Thailand Sets Sights on Reducing Trade Surplus with the U.S.
In a move to balance trade relations, Thailand is looking to cut down its trade surplus with the United States to $20 billion. The plan? More U.S. products—specifically agricultural goods like corn, soybeans, and ethylene- are being imported. This initiative aims to address trade disparities while aligning with evolving U.S.
