BUSINESS
Candy crush spurs $1.8 billion gaming-revenue boom in Africa
The gaming community on the continent climbed 10% to 349 million players, and 89% of revenue came from mobile, the analysis showed.
WORLD
Ex-Googler charged by US with espionage to boost AI in China
If convicted, Ding faces as long as 15 years in prison for each count of economic espionage, and up to 10 years for each of the trade secret theft charges, according to prosecutors.
BUSINESS
Tata Power seeks hydro projects to ramp up clean energy bets
“We have already identified two projects and work has started for the first project,” Praveer Sinha, chief executive officer at the Tata Group-controlled firm said in an interview with Bloomberg Television.
BUSINESS
India’s cash deficit eases after RBI opens fund tap
The cash injection has also led to a decline in the weighted average call rate, which represents banks’ overnight borrowing costs.
BUSINESS
BlackRock plans to hire 1,200 people for ramp-up in India
The world’s largest asset manager is hiring for its iHubs, as the centers are known, in Mumbai and Gurugram.
BUSINESS
Gold hits record high as US-China trade war stokes haven demand
Bullion reached an all-time peak of $2,849.05 an ounce on Wednesday
WORLD
Asian stocks trim gains as China drops upon reopen amid caution over US tariffs
Hong Kong equities fell while a gauge of Asian shares gave up some of its advance as China’s market reopened Wednesday after Lunar New Year holidays
WORLD
Xi’s careful reply to Trump tariffs shows China has more to lose
The Chinese leader’s cautious reply avoided roiling markets, which have been whipsawed in the past week by Trump’s tariff twists and turns
BUSINESS
AMD tumbles after giving disappointing outlook for AI growth
Though AMD’s fourth-quarter overall revenue topped estimates — and it provided an solid forecast for the current period — the data center numbers overshadowed the other results.
BUSINESS
Alphabet slides after cloud sales fall short of expectations
Alphabet announced $75 billion in 2025 capital expenditures, far exceeding the $57.9 billion that analysts expected. The investment is “directly driving revenue” because it helps customers, Alphabet Chief Executive Officer Sundar Pichai said on the earnings call with investors.
BUSINESS
Panama considers cancelling port deal with Hong Kong billionaire's firm
If such a move goes through, it would mark a major gift to Trump, who says that China has too much control over the canal and hasn’t ruled out seizing it by force.
WORLD
Australia bans DeepSeek from government tech over security concerns
Home Affairs Minister Tony Burke said in a statement Tuesday that all DeepSeek products, applications and services would be removed from government systems on national security grounds effective immediately.
BUSINESS
Bitcoin slides as US-China trade war escalation rattles markets
The largest cryptocurrency fell as much as 3.6% to $98,199, while other major tokens including Ether and Solana also lost ground
BUSINESS
Bajaj Finserv in talks with Allianz on likely JV exits
The Pune-based lender had informed the exchanges in October that Allianz was “actively considering” exiting the JVs, in which the German firm holds 26% each
BUSINESS
Grab, GoTo accelerate merger talks and aim for deal in 2025
Discussions have intensified in recent weeks and the companies see 2025 as an opportune year for a deal, according to people familiar with the situation.
BUSINESS
Trump’s tariff reversal feeds reputation as paper tiger on trade
Trump on Monday shelved plans for wide-ranging tariffs on Canada and Mexico, after doing the same for Colombia the prior week
INDIA
PM Modi’s Trump strategy sees quick concessions to avoid trade war
In declaring India 'not a tariff king,' Finance Secretary Tuhin Kanta Pandey echoed a nickname that Trump bestowed on the country during his first term.
WORLD
Tariff war: Bond traders add wagers on emergency rate cut by Bank of Canada
Economists predict a tariff war would put the Canadian economy into a recession.
BUSINESS
India seeks to shake off ‘Tariff King’ label in reply to Trump
Finance Secretary Tuhin Kanta Pandey said in an interview Sunday India wants to shed its image of being a protectionist country.
BUSINESS
European stock futures slide as Trump eyes next round of tariffs
The pan-European Stoxx 600 index had a strong January, rallying to a record high amid solid earnings and hopes that the region would be spared from immediate US levies.
BUSINESS
China factory activity growth slows again as Trump tariffs loom
The Caixin manufacturing purchasing managers index fell to 50.1, the lowest in four months, from 50.5 in December, according to a report released by Caixin and S&P Global on Monday.
BUSINESS
Investors buy dollars, brace for stock slide as trade war begins
Behind the bullish dollar position is the bet that tariffs will fuel inflationary pressures and keep US interest rates elevated, while also hurting foreign economies more than the US and adding to the greenback’s safe-haven lure
BUDGET
'We are signaling that India is not a tariff king': Tuhin Kanta Pandey
The government reduced duties on solar modules and high-end motorcycles, the latter a long pending issue since Trump’s first term in office
WORLD
Trump hits China, Canada, Mexico with tariffs in trade war
The orders also include retaliation clauses that would increase US tariffs if the countries respond in kind, as Canada has pledged to do. The new measures will be on top of existing trade levies on those countries.
