China Bets Digital Yuan Move to Boost Global Influence
China is considering greenlighting yuan-backed stablecoins to help boost the currency’s international use, signaling a major shift in its approach to digital assets, according to sources. China’s cabinet is expected to review a plan this month to boost the yuan’s global presence, including steps to keep pace with U.S. progress
The Genius of Ancient Indian Architecture Combining Sustainability, Spirituality and Intricate Art
What makes architecture timeless? Is it the size, the beauty of the design, or the timeless wisdom it carries? In ancient India, architecture was more than just mere construction but it carried within it the wisdom of thought, accuracy of science and essence of god. From the layered steps of
Idle Malls and Reuse Solutions
Across Asia, vast shopping malls have been once a symbol of prosperity and now echo with silence. These ghost malls aren’t only evidence of market miscalculations; they reveal profound elevation in our lifestyles, consumption and vision of evolution. The count of ghost shopping malls has been increasing in the major
SoftBank Stock Sinks 9% in Asia Tech Meltdown
SoftBank Group’s shares declined 9.17% on Wednesday amid a broader tech sell-off in Asia after U.S. stocks fell overnight. SoftBank’s stock fell for a second day after the company announced a $2 billion investment in Intel. Meanwhile, Intel shares rallied nearly 7% on Tuesday, closing at $25.31 in U.S. trading.
Lessons from Evergrande, Country Garden
The property industry in China, which once led to a fast urbanisation of the country, is in its worst crisis in decades. With the large companies such as Evergrande and Country Garden having too much debt to handle, the impact has been observed in the financial markets, the supply
China Develops Robot That Could Carry a Baby
Researchers in China have introduced a pioneering gestation robot capable of mimicking a complete human pregnancy. Blending advanced robotics, AI, and reproductive science, the innovation marks a significant stride in FemTech and the evolving landscape of biotech. Led by Dr. Zhang Qifeng, a PhD graduate of Nanyang Technological University, the
Blending Local Roots with Global Grit
Satya Nadella, born in Hyderabad, India, educated at the University of Wisconsin–Milwaukee, and now CEO of Microsoft, encapsulates the “Third Culture CEO.” Since assuming leadership in 2014, he steered Microsoft from a Windows-centric, competitive culture to a cloud-first, collaborative powerhouse. The company’s market value surged from around $300 billion to over
South Korea and Vietnam Commit to Stronger Ties Despite Trade Issues
South Korea and Vietnam pledged to enhance economic and strategic ties during a summit to increase trade amidst global challenges and uncertainties. South Korean President Lee Jae Myung hosted Vietnamese leader To Lam, the first state guest since his inauguration on June 4. They discussed promoting trade and investment, with
Myanmar Engages US Lobbyists to Strategically Restore Bilateral Ties
A lobbying company from Washington has agreed to a $3 million yearly contract with Myanmar’s Ministry of Information to help the military-run country reestablish its relationship with the United States. DCI Group signed the deal with Myanmar’s Ministry of Information on July 31. Following Myanmar’s 2021 military coup led by
Modi Plans First China Visit in 7 Years as US Strains Grow
Indian Prime Minister Narendra Modi is set to make his first visit to China in over seven years, a government source disclosed, marking a potential warming of bilateral relations as geopolitical frictions with Washington intensify. Prime Minister Narendra Modi is expected to travel to China for the Shanghai Cooperation Organisation
