WORLD
Javier Milei's crypto scandal led to losses for 86% of traders
The losses in the token called Libra totaled an estimated $251 million, while the minority of traders who profited made a combined $180 million, research firm Nansen said in a report.
TECHNOLOGY
Microsoft unveils quantum computing chip for future data centers
The company says its Majorana 1 chip harnesses 8 qubits, the building blocks of quantum computing, on a sticky-note-sized piece of hardware it figures could eventually host 1 million of them.
WORLD
Asian stocks fall, Hong Kong tech rally pulls back
Fed minutes showed policymakers in January expressed a readiness to hold interest rates steady amid stubborn inflation and economic-policy uncertainty
WORLD
Trump calls Zelenskiy a ‘dictator,’ broadens attacks on Ukraine
Trump on Wednesday accused Zelenskiy of taking advantage of US aid supplied by former President Joe Biden and insinuated Ukraine was to blame for the ongoing conflict, which Russia started with its unprovoked invasion of Ukraine in 2022.
BUSINESS
Indian exporters see limited impact of US tariffs on drugs, auto
Executives and industry body heads from the two sectors said that any sweeping hike from the US would not impact the ability of Indian companies to compete in the export market, as other rivals in Asia would also be equally effected.
WORLD
DOGE says it’s saved $55 billion, itemized data show far less
Musk’s role in the enterprise has also raised conflict-of-interest questions.
WORLD
India to allow ambassador-level Taliban post to counter China
Only a handful of countries, including China, Pakistan and Russia, have accepted diplomats from the Taliban.
WORLD
US Secretary of State Marco Rubio says sanctions stay for now as Trump eyes Putin summit
Rubio gave the assurance that sanctions won’t be lifted sooner to a group of European counterparts on a call Tuesday, according to people familiar with the situation who asked not to be identified discussing private deliberations.
WORLD
Hermes in ‘league of their own’ as family gets $5 billion payout
The company reported a jump in fourth-quarter revenue while rivals LVMH Moët Hennessy Louis Vuitton SE and Gucci-owner Kering SA recorded declines.
INDIA
Record stomach flu outbreaks in India show lurking health risks
India recorded over 1,000 outbreaks of acute diarrheal disease across the country as of December 22, according to govt data
BUSINESS
iPhone parts maker Murata eyes supply chain shifts toward India
The Kyoto-based maker of multilayer ceramic capacitors sees growing demand in India and is running simulations for what it would take to dial up its pace of investment there, according to Murata President Norio Nakajima
WORLD
Asian stocks drop after Trump proposes new tariffs
Shares in Hong Kong and mainland China fell at the open, joining losses in Australia
INDIA
Qatar plans $10 billion investment in India to deepen ties
The Middle East nation has agreed to invest the funds and the Qatar Investment Authority will open an office in India, according to the statement issued after a bilateral meeting between Amir Sheikh Tamin Bin Hamad Al- Thani and Prime Minister Narendra Modi in New Delhi on Tuesday
BUSINESS
Continental to cut 3,000 jobs to slash costs at ailing auto unit
The reductions — equating to about 10% of the R&D workforce — will be made by the end of 2026, with fewer than half of them in Germany, Continental said Tuesday.
BUSINESS
US and Russia agree to more talks on Ukraine, set no summit date
Kremlin foreign policy aide Yuri Ushakov said they discussed a summit between Trump and Putin but it was unlikely to take place next week.
WORLD
'Revdi politics' in developed Singapore? PM Wong vows cash handouts, tax rebates ahead of polls
Singapore PM said households will receive S$800 ($596) in vouchers to help cover costs at supermarkets and restaurants
INDIA
Tesla hires in India, signaling entry plans after Modi’s US trip
The electric-vehicle maker sought candidates for 13 roles, including customer-facing and back-end jobs, according to advertisements on Monday on its LinkedIn page
WORLD
Asian stocks rise as Xi meeting spurs China tech
A regional benchmark of shares rose to its highest level since early November while Australian stocks extended losses after the central bank cut its key rate
BUSINESS
Temasek-backed meat seller Licious seeks $2 billion IPO valuation
Delightful Gourmet Pvt., which operates Licious, is opening more brick-and-mortar stores, speeding up deliveries to take on quick commerce rivals
BUSINESS
Vedanta creditors meet Tuesday to vote on India demerger plan
Both secured and unsecured lenders will discuss the much-awaited overhaul plan on Feb. 18 and vote on it, according to a statement from the company.
WORLD
US asks Europe what Kyiv peacekeepers should do if attacked
The US also wants to know whether the EU is able to provide Ukraine access to more of the bloc’s single market as it moves toward membership.
WORLD
US won’t quit NATO but may pivot from Europe, NATO admiral says
The US “will not pull out of NATO,” Cavo Dragone, an Italian naval officer, said in an interview in Munich.
WORLD
Myanmar frees 1,000 scam center workers including Indians as crackdown widens
The scam center victims are mostly from Asian countries including China and India while some others came from East Africa, according to Myanmar’s Ministry of Information.
MARKETS
China's DeepSeek wildcard helps lure investors away from India to its shore
Hedge funds have been piling into Chinese equities at the fastest pace in months as bullishness on the DeepSeek-driven technology rally adds to hopes for more economic stimulus
