KKR and Bain each bid more than $5 bln for Seven & i assets, sources say

Beijing has once again criticized Taiwanese leader William Lai Ching-te, labeling him a "destroyer of peace" in the Taiwan Strait for his recent comments asserting that Taiwan and mainland China are not subordinate to each other. The Taiwan Affairs Office accused Lai of promoting separatist rhetoric and seeking independence through foreign support or force. Lai's remarks at a Lunar New Year event emphasized Taiwan's sovereignty as essential for the existence of the Republic of China,...

AI is reshaping industries and daily life globally, with the Asia-Pacific region experiencing a surge in AI adoption in 2024. AI agents are driving efficiency and automation in sectors like agriculture, finance, and customer service, while large corporations are embedding AI to stay competitive. AI-powered tools are enhancing individual experiences, with companies like Deciphex and Grab using AI to improve diagnostics and optimize routes, respectively. In Southeast Asia, key AI trends are propelling technological advancements,...

The MAGA agenda includes tariffs on Mexico, Canada, and China, potentially impacting global growth and key sectors. India could benefit from the pushback on China through strategic alliances with the U.S. and restructuring trade policies to attract foreign investment and mitigate trade imbalances. To address challenges posed by protectionist measures, India must focus on domestic consumption stimulation, strengthen "Look East" strategies, and restructure industrial policies to enhance export potential in key sectors. Full Article

The United States Postal Service (USPS) announced that it would resume accepting parcels from China and Hong Kong, reversing a previous suspension caused by President Trump ending a trade provision for duty-free shipments from retailers like Temu, Shein, and Amazon. The USPS is collaborating with Customs and Border Protection to implement efficient collection mechanisms for new China tariffs to minimize delivery disruptions. The Trump administration imposed a 10% tariff on Chinese goods and eliminated the...

A U.S. military plane carrying over 100 migrants landed in India, marking the longest deportation flight under President Trump's immigration crackdown. This is the first use of an American military aircraft to deport people to India, a top source of unauthorized immigration to the U.S. Prime Minister Narendra Modi's government, close to Trump, is confident in handling deportees, but local officials criticize the tough stance on illegal immigration and call for reconsideration on humanitarian grounds....

President Donald Trump's plan to relocate Palestinians from Gaza to Egypt and Jordan has sparked opposition from Arab states, including a joint statement from five foreign ministers opposing the compromise of Palestinian rights. While Israel's far-right government supports the plan, Arab states face internal unrest if they back it due to the risk of jihadist threats. With pressure on Arab states to resist the plan and potential consequences for Saudi Arabia's relationship with the US,...