Safe-haven yen, Swiss franc soar as US slowdown fears flare

The Enforcement Directorate (ED) conducted raids at 19 locations in Mumbai, Delhi, and Gurugram as part of a Rs 137 crore embezzlement case involving Dentsu India and Suumaya Group, uncovering cash, foreign currency, and gold bars. The investigation relates to fraudulent financial transactions tied to the Need to Feed programme, with allegations of inflated turnover and stock price manipulation. Dentsu India has denied involvement in the alleged fraud, emphasizing cooperation with authorities and previous reporting...

Chinese university students in the UK face significant integration challenges, including English language proficiency issues, unfamiliarity with non-Chinese social media, and a lack of targeted career support from universities, as highlighted in a report by HEPI and Uoffer Global. With Chinese students accounting for a quarter of international students in the UK and contributing £2.3 billion annually in tuition fees, British institutions are urged to enhance support services to improve integration, benefiting both the campus...

Spanish utility company Iberdrola has agreed to sell a 49% stake in the Windanker offshore wind farm to Japanese utility Kansai Electric Power for €150m. The project, valued at €1.28bn, is located in the German part of the Baltic Sea with an installed capacity of 315MW and is set to be operational by the last quarter of 2026. Iberdrola will retain responsibility for construction management, operation, maintenance, and management services of the wind farm, following...

In response to Bashar al-Assad being granted asylum in Russia, European governments began closing their doors to Syrian refugees. Germany and Austria froze more than 50,000 asylum applications, signaling a shift in their approach. The move comes as a direct result of Assad finding refuge in Moscow, leading to a reevaluation of refugee acceptance policies in Europe. Full Article

Tiffany Bloomquist, Asia-Pacific and Japan Head of Startups at AWS, discussed the company's commitment to supporting startups through initiatives like Activate Credits, which help startups experiment and disrupt industries. AWS assists startups in their go-to-market strategies and international expansion, offering platforms and tools like the marketplace and partner programs. Activities like the Unicorn Tank competition and collaboration with investors help create awareness in the startup community. Southeast Asian companies are focusing on building culturally aware...

Israel accuses UNRWA staff of involvement in a Hamas attack, leading to a war in Gaza. UN has fired nine staff members and confirmed Hamas commander had an UNRWA job. Amid destruction in Gaza, with millions facing hunger and death, calls for ceasefire and humanitarian aid intensify. Full Article