Asia Sees $100 Billion Investment Boost as Global Funds Diversify Asia, excluding China, has drawn around $100 billion in capital inflows over the past nine months as global investors shift away from a heavy reliance on the US, according to Kevin Sneader, president of Goldman Sachs Asia-Pacific ex-Japan. Investors Diversify Beyond the US Speaking at the Milken Institute Asia Summit 2025 in Singapore, Sneader stressed that the trend reflects diversification rather than an exit from US markets. He noted Japan has emerged as a major beneficiary, while China’s recent equity rally has been largely fuelled by domestic investors and interest…
Author: Kanika Sharma
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Samsung and SK Hynix Partner with OpenAI on Chip Supply and Data Centres Samsung Electronics and SK Hynix have signed agreements to supply memory chips for OpenAI’s data centres. The move strengthens South Korea’s role in the global artificial intelligence race, as both chipmakers join forces with the ChatGPT creator to meet rising demand from the Stargate project. OpenAI to Build Data Centres in South Korea OpenAI also plans to work with the two South Korean companies to construct two data centres. These facilities, described as a “Korean-style Stargate,” will build on Seoul’s ambitions to become a leading AI hub…
Mass Federal Workforce Exodus Leaves Agencies Struggling More than 150,000 federal employees are leaving the US government payroll this week after accepting buyouts, marking the largest single-year departure of civil servants in nearly eight decades. Unions and governance experts warn that this loss represents not only a sharp reduction in staff but also a major blow to institutional knowledge. Wave of Resignations Begins The official resignations began on Tuesday for employees enrolled in a deferred exit scheme, which kept them on the payroll through September. The buyouts are central to former President Donald Trump’s plan to reduce the federal workforce,…
UN Reimposes Sanctions on Iran Over Nuclear Programme The United Nations has reinstated sanctions on Iran, including an arms embargo, after European powers accused Tehran of breaching the 2015 nuclear agreement. The move, led by Britain, France and Germany, comes despite Iran’s warnings of a strong response. Tehran continues to deny it is seeking nuclear weapons. European Powers Push for Sanctions Britain, France and Germany triggered the sanctions return at the UN Security Council. The 2015 deal had aimed to prevent Iran from developing nuclear arms, but Western powers argue Tehran has violated its commitments. Russia, however, has rejected the…
MeitY Launches Preparatory Phase of Special Campaign 5.0 The Ministry of Electronics and Information Technology (MeitY) has launched the preparatory phase of Special Campaign 5.0, running from 16 to 30 September 2025. The campaign focuses on institutionalising Swachhata (cleanliness), reducing pendency in government offices, and streamlining processes for better efficiency. This initiative is part of the broader Special Campaign 2025, which aims to improve workplace environments, enhance citizen interaction, and ensure effective implementation of cleanliness measures across all ministries and departments. Strengthening Record Management As part of the preparatory activities, MeitY carried out detailed inspections of record rooms. The inspections…
Retail Investors Turn to ChatGPT for Stock Picks Despite High Risks As ChatGPT approaches its third anniversary, retail investors are increasingly turning to the tool to pick stocks. Surveys suggest at least one in 10 investors now use a chatbot for financial decisions, helping fuel a rapid rise in the robo-advisory market. Yet even supporters caution that artificial intelligence cannot replace traditional advisors just yet. Growing Popularity of AI in Investing Artificial intelligence has given individual investors access to stock analysis once reserved for large banks and institutional players. With AI tools, users can select stocks, track performance and receive…
Aviation Leaders Tackle Security, Emissions and Staffing at Montreal Summit A major global aviation summit began this week in Montreal, drawing leaders from across the industry. The event comes as the sector grapples with growing flight numbers, labour shortages, cyber threats and environmental concerns. Despite the pressing need for action, the summit’s environmental focus drew criticism from the US. Transportation Secretary Sean Duffy urged the United Nations’ International Civil Aviation Organization (ICAO) to prioritise aviation safety and security instead. Technology has helped improve efficiency in aviation. However, vulnerabilities remain. On Monday, major European airports suffered disruptions after hackers targeted automated…
Bank of England’s Andrew Bailey Backs AI to Help Regulators Spot Risk Bank of England Governor Andrew Bailey has urged regulators to embrace artificial intelligence (AI) to better identify risks within the financial sector. Speaking at an event hosted by the London School of Economics, Bailey stressed that regulators must improve how they use the vast amounts of data they collect. “We all need to invest in data, data science, and new techniques,” Bailey said. He explained that although central banks and watchdogs gather large volumes of information, most are not using it to its full potential. Avoiding Missed Warnings…
Google Fights to Keep Ad Tech Business Intact as Antitrust Trial Begins Alphabet’s Google is fighting to avoid the forced sale of its advertising platform, AdX, as it heads to trial against US antitrust authorities in Alexandria, Virginia. The trial, which began on Monday, marks another significant chapter in the US government’s effort to challenge the dominance of major tech firms. The Department of Justice (DOJ), along with a coalition of states, is demanding that Google sell AdX. This platform allows publishers to sell digital ads through real-time auctions, where Google takes a 20% fee. The government also wants Google…
Smaller US defence companies are seeing major gains on Wall Street this year, driven by rising demand for modern, low-cost battlefield technologies. As global conflicts such as those in Ukraine and Gaza escalate, military spending is increasing worldwide. This surge has pushed investors toward agile firms developing next-generation systems tailored for rapid deployment. These companies focus on AI-powered drones, unmanned vehicles and software-driven platforms. Their technologies offer low-cost solutions that reduce reliance on large troop deployments. The Pentagon’s shift towards adaptable and tech-forward systems has further fuelled this interest. Jon Siegmann, a defence industry expert at Stifel, said: “The winners…