Reading Time : 3 minutesThe EU is likely to shelve its digital tax due to US resistance and implementation challenges. The focus shifts to the OECD’s global tax reform, aiming for fairer rules for tech giants. This pragmatic move avoids trade disputes but delays immediate action, leaving debates on innovation and tax fairness unresolved as international cooperation takes center stage
Reading Time : 2 minutesIntel’s new CEO Lip-Bu Tan delivers unprecedented honesty about the company’s fall from grace, admitting Intel is no longer among the top 10 semiconductor companies and has missed the AI revolution entirely, marking a dramatic transformation for the former industry leader.
Reading Time : 2 minutes Former UK Prime Minister Rishi Sunak has rejoined Goldman Sachs as a senior advisor, marking his return to high finance. The position focuses on global economics, geopolitics, and mentoring. Sunak’s salary will be donated to charity, and restrictions are in place to prevent conflicts of interest. He continues to serve as an MP during this new role.
Reading Time : 3 minutesShein, the fast-fashion giant, has filed for a Hong Kong IPO to pressure UK regulators delaying its London listing. Facing hurdles over human rights disclosures, the Singapore-based company aims to leverage Hong Kong’s flexible regulations. This strategic move could reshape Shein’s global financial strategy and influence other firms eyeing international markets.
Reading Time : 2 minutesPresident Trump claims a deal to transfer TikTok’s U.S. operations to American ownership is near, with talks possibly starting soon. Despite China’s vague response, the deal aligns with U.S. laws limiting ByteDance’s stake. Tensions from recent tariffs and extended deadlines highlight the ongoing U.S.-China trade disputes affecting TikTok’s future.
Reading Time : 2 minutesChina’s new anti-dumping duties up to 34.9% on EU brandy are escalating trade tensions. These tariffs, effective Saturday, severely impact French cognac exports, already down 70%. While some brands secured exemptions, others face maximum rates. This move is seen as retaliation for EU tariffs on Chinese EVs, intensifying a broader trade dispute. The EU is challenging China’s actions at the WTO.
Reading Time : 2 minutesElon Musk’s xAI secured a massive $10 billion funding round, significantly boosting its competitive stance in the AI sector. This capital, split between debt and equity, will fuel the expansion of its AI infrastructure, including the Grok platform and a colossal Memphis supercomputer with 1 million Nvidia GPUs. This highlights the escalating “AI arms race” and xAI’s aggressive push to lead the next generation of artificial intelligence.
Reading Time : 2 minutesThe Taiwan dollar surged over 2% in a day, shaking exporters and insurers. As traders bet on further gains, the central bank remains on watch, possibly tolerating a firmer currency for now. This raises questions about intervention, competitiveness, and the future of Taiwan’s trade positioning in a volatile FX environment.
Reading Time : 2 minutesEuropean AI-focused funds raised a record $4.2 billion in Q1 2025, pushing total assets near $40 billion. Asset managers are betting big on tech-driven growth, with firms like BlackRock expanding into AI strategies and private markets. This signals a strong, continent-wide shift in financial priorities toward AI’s economic potential.
Reading Time : 2 minutesJeff Bezos is cozying up to Donald Trump after a Musk fallout, aiming to win NASA and defense contracts for Blue Origin. The timing is no accident—Trump’s clash with Musk may give Bezos the edge he’s long needed in the space race. This new alignment could reshape power in both politics and aerospace.
Reading Time : 2 minutesIndia’s economy finished fiscal 2025 strong with 7.4% growth in the last quarter, led by construction and government spending. Annual growth slowed to 6.5%, reflecting global challenges and uneven consumption. The Reserve Bank of India forecasts steady growth for 2026, though risks remain. Despite uncertainties, India is poised to remain a top global growth leader.
Reading Time : 2 minutesOil prices fell sharply after a U.S.-brokered ceasefire between Iran and Israel reduced supply fears. Combined with weak U.S. consumer sentiment and rising oil output elsewhere, Brent and WTI both dropped around 6%, erasing the recent risk-driven gains.
Reading Time : 2 minutesTexas Instruments is launching a $60 billion U.S. chipmaking expansion, creating seven fabs across Texas and Utah. This historic investment will boost domestic manufacturing, generate tens of thousands of jobs, and reinforce supply chains critical to tech, automotive, and defense sectors.
Reading Time : 2 minutesIndia has tightened restrictions on gold imports to combat smuggling, limiting alloys with over 1% gold and colloidal precious metals. Building on earlier measures targeting UAE shipments, the new rules aim to close loopholes while allowing essential imports for industry. This balanced approach strengthens regulatory oversight and supports legitimate trade, safeguarding the economy and fair market practices.
Reading Time : 2 minutesMasayoshi Son aims to build a $1 trillion AI manufacturing hub in Arizona, partnering with TSMC and the U.S. government. This bold plan seeks to boost high-tech production and create thousands of jobs, reinforcing America’s position in the global AI race. While ambitious, the project faces challenges around funding and execution.
