Shares in Nike, Adidas, and Puma fell sharply after the U.S. imposed steep tariffs on Vietnam, Indonesia, and Cambodia, key sourcing hubs. The move raises concerns over rising costs and supply chain disruptions, adding fresh uncertainty to global markets.
Turkiye’s annual inflation dropped to 38.1% in March, below forecasts, offering slight relief amid economic pressures. Monthly inflation rose 2.46%, while producer prices surged 23.5% annually. Experts remain cautious as currency fluctuations pose future risks.
Myanmar's deadly 7.7-magnitude earthquake has claimed over 3,000 lives, with 351 missing and 4,500 injured. As rescue efforts face civil unrest, unseasonal rains threaten survivors. Global aid arrives, while Myanmar's junta declares a ceasefire to support relief efforts.
The US dollar slumped as President Trump’s tariff announcement sent shockwaves through global markets. With a 10% baseline tariff on imports, fears of a global economic slowdown intensified. Investors sought safe havens as stock markets and currencies faltered.
Germany has ditched decades of fiscal restraint with a massive €500 billion spending plan, aiming to revive growth and bolster defence. With geopolitical tensions rising, Friedrich Merz calls it a "historic shift"—but critics warn of debt risks.
Samsung vows a comeback with bold M&A plans as shareholder pressure mounts. Admitting missteps in AI and chip tech, executives pledge a turnaround by 2025. With a $7.2B buyback and a push for acquisitions, the tech giant aims to reclaim its lost edge.
Vodafone Idea is in talks with Elon Musk’s Starlink to expand connectivity in rural India. This move follows deals by rivals Airtel and Jio, as the telecom giant aims to leverage satellite technology to reach underserved areas and provide cost-effective broadband solutions.
Kazakhstan’s energy landscape is undergoing a major shift as President Tokayev appoints Yerlan Akkenzhenov as the new energy minister. This change comes amid the country’s push for nuclear power, marking a pivotal moment in Kazakhstan’s energy diversification strategy.
Foxconn predicts AI server revenue will surpass iPhone revenue within two years, possibly as soon as this year. As a key Nvidia supplier, Foxconn is capitalizing on booming AI demand, with AI servers set to make up over half of its total server revenue in 2024.
Germany pledged €300 million in aid for Syrians, focusing on food, healthcare, shelters, and protection. The funds will support those in Syria and refugees in neighboring countries. Foreign Minister Baerbock stressed the need for political inclusion and accountability.
Apple’s iPhone, along with other foreign-branded smartphones, saw a sharp 21% decline in shipments in China this January. Economic shifts and rising competition from local brands are reshaping the market, putting pressure on international players like Apple.
Delhi International Airport Limited (DIAL) has sued the Indian government over the approval of commercial flights from Hindon Airbase, 30 km from the capital's airport. DIAL argues it violates aviation regulations and threatens financial viability, seeking to overturn the decision.
Reliance Jio will offer free IPL streaming to users recharging with ₹299 or more. The matches can be streamed on the new JioHotstar platform. The plan also includes a 50-day trial of Jio's broadband services, aiming to boost home internet dominance.
A drone crashed into a landed helicopter at a South Korean military airfield, sparking a fire but causing no casualties. The incident, at Yangju’s Army Aviation Battalion, is under investigation. Authorities are assessing damage and reviewing airspace security.
Kenya and the IMF have agreed to halt the ninth review of the $3.6B loan program and discuss a new lending arrangement. With rising debt costs and a 65.7% debt-to-GDP ratio, Kenya seeks fresh financial support to stabilize its economy and manage fiscal challenges.
Novartis is closely monitoring the U.S. reciprocal tariff policy, which may impose 25% tariffs on pharmaceuticals. The company plans to expand in Japan with radiopharmaceutical production by 2026 and recently acquired Mariana Oncology for $1B to strengthen its oncology portfolio.
Gold remains stable after hitting a record high, fueled by economic concerns and geopolitical tensions. Investors await Fed updates.
Vietnam and Singapore have agreed to enhance cooperation in subsea cables, finance, and energy, upgrading their relations to a "comprehensive strategic relationship." They aim to expand digital connectivity and meet the growing demand for data services, with Singapore investing heavily in Vietnam.
Inditex, parent company of Zara, reported a 4% sales growth in Q1 2025, down from 11% last year, amid concerns about weakening consumer demand. Despite this, the company plans a 9% dividend increase and €1.8 billion investment in growth, with expansion into new markets.
RBI seeks applications for a self-regulatory body for account aggregators. The SRO will oversee compliance, ensuring secure financial data-sharing. Eligible entities must apply by 15 June, with at least 25 members from financial providers and users.
Mukesh Ambani’s Reliance Jio has partnered with Elon Musk’s SpaceX to bring Starlink to India after months of rivalry. The deal, pending government approval, provides Starlink with a low-cost entry, tapping into India's booming satellite market while boosting Jio’s reach.
The US has upheld Iraq's waiver for Iranian gas imports but revoked its power import exemption. The decision poses challenges for Iraq's energy sector, which relies heavily on Iranian gas. The US urges Iraq to diversify energy sources and reduce dependence on Iran.
Spotify paid a record $10B in royalties in 2024, with 1,500+ artists earning over $1M. Despite growth, it faced legal challenges over songwriter payments, though a U.S. lawsuit was dismissed. Streaming's impact on artist revenue remains a key industry debate.
Mikel Arteta downplayed extra pressure on Arsenal ahead of their Champions League clash with PSV, despite struggles in the Premier League. After a 7-1 victory, Arteta emphasized the team's passion for the competition, acknowledging no added pressure to perform.
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