WORLD
OpenAI plans to update ChatGPT after parents sue over teen’s suicide
The company said it would strengthen safeguards around conversations about suicide, which it said could break down after prolonged conversations
BUSINESS
Asian shares post modest drop with focus on Nvidia
Chips and the electronics sector were in focus with Nikon Corp. shares jumping 20% in Japan while Chinese artificial intelligence linchpin Cambricon Technologies Corp. swung to a record profit.
BUSINESS
Africa’s Madhvani Group in talks With Cerberus Capital for Indian M&A loan
Madhvani, which was founded in Uganda over a century ago by an eponymous Indian immigrant, has plans to invest 100 billion rupees ($1.1 billion) in India over next five years,
BUSINESS
TPG-backed SK Finance said to shelve India IPO after weak demand
The non-bank lender sought to launch the deal earlier this month but demand fell short, even after reducing the valuation and offer size
WORLD
Trump vows export curbs, tariffs in digital tax reprisal
The warning from the President comes a week after the US and the European Union agreed in a joint statement that they would together “address unjustified trade barriers,” and would “not impose customs duties on electronic transmissions.”
BUSINESS
India mulls expanding pension investments to include gold ETFs
Retirement fund managers met senior officials from the PFRDA in a series of meetings late last month and requested permission to invest in gold ETFs
BUSINESS
Family office to billionaire Narayana Murthy warns on startup valuations
While India’s startup scene is one of the world’s largest, valuations have nosedived for several companies that struggled to grow and as investors ask tougher questions.
BUSINESS
Trump says US has much bigger leverage over China on magnets
Trump praised China for “intelligently” identifying rare earths as a critical component for important industries and swiftly moving to establish a monopoly in their mining and processing.
BUSINESS
Elon Musk sues Apple, OpenAI, saying they are hurting AI competition
Musk’s X and xAI filed the lawsuit Monday in federal court in Fort Worth, Texas, arguing that Apple’s decision to integrate OpenAI into the iPhone’s operating system harms competition and deprives consumers of choice
BUSINESS
Pinault family is exploring options for Puma, including a sale
Puma shares surged as much as 20% in German trading following the report, the most since October 2001. It has a market value of about €3.3 billion ($3.9 billion)
BUSINESS
Honda probed over engine failure risk in 1.4 million vehicles
No fatalities or injuries have been reported because of the issue
BUSINESS
Perplexity to let publishers share in revenue from AI searches
The media industry has clashed with artificial intelligence companies over concerns that AI-generated responses from tools like OpenAI’s ChatGPT and Google’s AI Overviews have cut valuable web traffic to their sites
WORLD
Saudi Arabia’s Humain launches Arabic chatbot with ‘Islamic’ values
Powered by its Allam large language model, Humain Chat is designed around Islamic values and heritage, the company said in a statement
BUSINESS
AI disruption fear sparks investor scrutiny of software stocks
While AI threatens to disrupt industries as diverse as education and staffing services, investors are seeing a more imminent threat to software firms that write the code behind digital services like customer-relationship management and back-office functions
BUSINESS
BlackRock paused fundraising for latest Asia private credit fund
BlackRock’s woes in Asia underscore the ongoing challenges facing the global $1.7 trillion private credit market
MARKETS
Bubble risks grow as China’s bull run defies economy angst
Stocks rallied again on Monday as chip-related shares extended a recent surge
BUSINESS
Powell’s dovish pivot brightens analyst views on Asian markets
A softer dollar is also in play, with pressure on rates making dollar-denominated investments less attractive and likely prompting capital flows toward Asia
BUSINESS
TPG joins Asia’s rush for mid-sized buyouts with latest fund
Mega deals have been slow to return in Asia, in part due to subdued activity in China
BUSINESS
Asian stocks rise as Powell signals Fed will cut
Shares in Japan and South Korea advanced with MSCI’s gauge for the region gaining 0.2%. Australian stocks hit a fresh record.
BUSINESS
Fed’s Jackson hole exposes hard road ahead for central bankers
Policy disagreements could grow in the coming months as Trump names new officials to vacancies at the Fed and Powell’s term as chair ends in May.
BUSINESS
Foxconn’s recall of more Chinese staff tests Apple’s India push
Foxconn has started flying in Taiwanese engineers to replace staff leaving, people familiar with the matter said, asking not to be named as the information is private.
BUSINESS
HSBC’s Swiss Bank said to exit 1,000 mideast clients amid revamp
More than 1,000 clients from Saudi Arabia, Lebanon, Qatar and Egypt are among those being told they can no longer bank with HSBC’s Swiss wealth management business, the people familiar with the matter said.
WORLD
US Air Force, Navy seek $1 billion to buy secret Lockheed Martin missile
Lockheed’s AIM-260, born in secrecy, now races against China’s PL-15 and PL-17 to redefine air combat supremacy.
BUSINESS
US takes nearly 10% Intel stake, clinching unorthodox deal
Under the agreement, the US will receive 433.3 million shares of common stock — representing 9.9% of the fully diluted common shares in Intel — according to a statement from the company.
