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Hong Kong Non-Bank Financial Index Rallies 30% Year-to-Date, ETF Units Surge by 2.4 Billion with Insurance Stocks Leading Allocations

Platinum Surges Again, Hitting Highest Level Since 2014 as Platinum-Gold Ratio Nears Resistance

WTO Reports Strong Growth in Global Goods Trade Amid Tariff-Driven Import Surge, but Warns of Potential Slowdown

Loongson Unveils New-Generation Processor Based on Independent Instruction Set Architecture

China Outlines Five-Year Action Plan for High-Quality Inclusive Finance Development

Gold Under Pressure as Safe-Haven Demand Wanes Ahead of Key US Inflation Data

Gold prices are currently experiencing a downturn, influenced by a reduction in safe-haven demand due to the Israel-Iran ceasefire and a stronger US dollar. Investor focus is primarily on upcoming US PCE data, which is expected to shape Federal Reserve interest rate decisions. Despite recent declines, underlying factors suggest potential for future recovery in gold.

Key AWS Executive Departs Amazon Amid Intensifying AI Talent War

Amazon Web Services has lost a senior executive central to its generative AI and Bedrock platform initiatives, highlighting the growing competition for top AI talent across the tech industry.

SoftBank sets sights on leading the Artificial Super Intelligence race

SoftBank CEO Masayoshi Son declares bold ambitions to position the company as the dominant platform provider for artificial super intelligence within the next decade.

Meta Recruits OpenAI Researchers to Bolster Superintelligence Push

Meta Platforms has hired three senior AI researchers from OpenAI’s Zurich lab, signaling a deepening commitment to the race for artificial general intelligence (AGI).

Bosch CEO oarns EU Over AI regulation, announces €2.5 billion investment by 2027

Bosch CEO Stefan Hartung cautioned that excessive regulation in Europe could stall the region's artificial intelligence progress, placing it behind global competitors. Speaking at a company-hosted tech conference, Hartung also revealed Bosch's plans to invest €2.5 billion in AI development through 2027.

China Prioritizes Consumption-Led Growth Amid Global Trade Tensions

China aims to shift to a consumer-driven economy, with Premier Li Qiang projecting confidence despite global trade tensions. The nation faces challenges like subdued consumer spending and the need for deeper structural reforms. Government efforts, including subsidies and wage growth plans, seek to unlock significant market potential and stabilize the economy.

Alibaba Integrates Ele.me and Fliggy into Core E-Commerce Division Amid Strategic Restructuring

Alibaba has announced the consolidation of its food delivery service Ele.me and online travel platform Fliggy into its main e-commerce business, in a move aimed at streamlining operations and enhancing consumer experience in a competitive and economically strained market

Amazon Commits £40 Billion to UK Expansion Over Three Years

Amazon has announced a £40 billion ($54 billion) investment in the United Kingdom through 2027, aiming to bolster its UK operations with new facilities, jobs, and infrastructure improvements. The move is being hailed by the UK government as a major endorsement of the country’s business climate.

Wolfspeed to File for U.S. Bankruptcy Under Debt Restructuring Deal with Creditors

Semiconductor company Wolfspeed has announced plans to file for Chapter 11 bankruptcy in the United States as part of a restructuring agreement that includes $275 million in new financing and a substantial debt reduction of approximately $4.6 billion. The company aims to exit bankruptcy by Q3 2025.

Prosus Reports $7.4 Billion in Annual Earnings, Surpassing Targets Amid E-Commerce and AI Expansion

Dutch tech investor Prosus has exceeded its annual financial goals, reporting a 47% increase in core headline earnings driven by growth in e-commerce, AI innovation, and global market expansion. The firm’s strategic pivot toward lifestyle technology and its acquisition of Just Eat Takeaway are positioning it for continued momentum.

Ukraine’s Debt Talks Gain Momentum Amid IMF Review

Ukraine is preparing to resume debt restructuring talks with international creditors, focusing on its GDP-linked warrants. These negotiations will follow an upcoming IMF debt sustainability review, expected within two weeks, which could unlock a $500 million disbursement. A missed $600 million payment earlier this month on GDP-linked instruments has raised concerns, though Ukraine clarified it does not signal broader default. The government targets a restructuring agreement by mid-2025, aligning with IMF program milestones. Market volatility has increased around Ukrainian bonds, and the outcome of these talks may set a precedent for restructuring sovereign debt in post-conflict economies.

Markets Waver as Central Banks Split on Rates, Iran Threatens Hormuz Closure

Global markets are under pressure amid rising geopolitical risks, particularly Iran’s threat to block the Strait of Hormuz, which briefly pushed Brent crude above $95 per barrel. Meanwhile, central banks are taking divergent policy paths: Switzerland and Norway cut rates, while the U.S. Federal Reserve held steady, citing inflation risks. Equity markets posted mixed results, with energy and defense stocks outperforming and tech leading losses. Safe-haven demand surged, boosting gold and U.S. Treasuries. Trade tensions are reemerging as the U.S. plans new tariffs on European goods, while talks to ease frictions remain uncertain. Investors are expected to stay cautious, with key upcoming drivers including U.S. inflation data, central bank testimony, and developments in the Israel-Iran conflict.

Vietnam’s Top Leader Readies Washington Visit as Tariff Deadline Looms

Vietnam’s Communist Party chief To Lam is planning a late-June trip to Washington to press U.S. leaders for a framework agreement on “reciprocal” tariffs - currently 46% on Vietnamese exports - before a July 8 deadline that could inflict heavy costs on the country’s trade-dependent economy.

Alibaba, JD Lead 618 Festival to Record Highs, Yet Consumer Spending Per Day Declines

China's major mid-year shopping event, "618," concluded with a record-breaking total sales volume, yet analysis indicates a decline in average daily consumer spending.

Mounjaro: Safety Profile and Efficacy for Weight Management

Mounjaro, an injectable medication, has demonstrated safety and effectiveness for weight loss when properly prescribed. Approved after extensive trials, it aids weight reduction by influencing appetite and blood sugar. While generally well-tolerated, potential side effects and specific contraindications necessitate medical oversight, particularly regarding long-term use and interactions.

EIB Set to Invest €70 Billion in European Tech Through 2027

The European Investment Bank plans to launch a €70 billion funding program for European tech firms from 2025 to 2027. Focused on AI, green tech, and digital infrastructure, the initiative is expected to attract €250 billion in private investment.

SoftBank Proposes $1 Trillion AI and Robotics Hub in Arizona, Seeks Partnership with TSMC

SoftBank is pitching a $1 trillion AI and robotics industrial park in Arizona and is seeking partners like TSMC and support from U.S. officials. The plan aims to outsize other AI infrastructure efforts and elevate the U.S.'s position in the global AI race.

Nippon Steel Completes Acquisition of U.S. Steel, Advancing Global Expansion Strategy

Nippon Steel has completed its full acquisition of U.S. Steel at USD 55 per share, totaling a planned investment of USD 11 billion by 2028. The deal will preserve U.S. Steel’s headquarters in Pittsburgh and is expected to create over 100,000 jobs across multiple states.

META's Current Trends in Social Media and Stablecoins

The tech landscape is evolving rapidly, driven by Meta's aggressive AI talent acquisition and strategic investments despite regulatory scrutiny. Social media companies like Meta and Snap may benefit from the ongoing uncertainty surrounding the TikTok ban. Simultaneously, the passage of the GENIUS stablecoin bill signals a new era of regulation and potential adoption for digital currencies.

Marvell Technology: A Deep Dive into its AI-Driven Growth and Market Position

Marvell Technology is poised for significant AI-driven growth, as highlighted by its recent investor day. Its focus on custom AI chips and hyperscaler partnerships, coupled with strong financial projections and favorable analyst sentiment, underpins a promising outlook. Easing trade concerns further enhance its market position, making Marvell a compelling consideration in the evolving AI landscape.

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