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Dubai-based startup Xpanceo is set to commercialize smart contact lenses, unveiling five prototypes at the Mobile World Congress Barcelona. With plans to deliver an upgraded prototype by 2026, the company aims to integrate features like hormone and glucose tracking, leveraging advancements in academic research and securing $40 million in funding. In contrast to Mojo Vision, which pivoted to micro-LED technology after raising over $150 million, Xpanceo has made significant progress with less capital.
Grab's acquisition of Cambodian firm Nham24 highlights the potential of Cambodia's tech market, which has been largely overlooked in Southeast Asia's digital economy. This move signals Grab's intent to dominate a nascent market with low saturation, suggesting significant growth opportunities ahead. As the region evolves, Cambodia may emerge as a key player rather than an afterthought.
UBS has upgraded Thailand to 'Overweight', citing improved market attractiveness and reduced political uncertainties. The firm anticipates a decrease in credit costs and highlights potential in Thai stocks, particularly CP All and Airports of Thailand, amid evolving market dynamics and government policy support. Despite global economic challenges, UBS sees opportunities for tactical outperformance in emerging markets, driven by a recovery in consumption and tourism.
India's unicorn landscape has evolved rapidly, with 70 new billion-dollar startups emerging between 2021 and 2024, contrasting the decade it took to create the first 30. However, the pace has slowed, resembling a more methodical approach akin to Test cricket, as some unicorns face challenges, like Byju’s nearing insolvency. Meanwhile, Agros, a solar-powered irrigation startup, has raised $4.25 million to expand its services in Southeast Asia, aiming to partner with 30,000 farmers by 2027.
India's unicorn landscape has evolved rapidly, with 70 new billion-dollar startups emerging between 2021 and 2024, contrasting the decade it took to create the first 30. However, the pace has slowed, resembling a more methodical approach akin to Test cricket, as some unicorns face challenges, like Byju’s nearing insolvency. Meanwhile, Agros, a solar-powered irrigation startup, secured $4.25 million in funding to expand its services across Southeast Asia, aiming to partner with 30,000 farmers by 2027.
The U.S. risks sneaker shortages if tariffs are extended to Vietnam, where a significant portion of athletic footwear is produced. With over half of U.S. sneaker imports coming from China and Vietnam, rising costs could lead to higher prices for consumers, as companies may face a 1% margin loss. The situation is compounded by limited domestic production and low stock levels from major brands.
Starlink, owned by Elon Musk, is reportedly being used by scam compounds in Myanmar, where around 120,000 trafficking victims are forced to commit online fraud. Despite being banned in the country, data shows extensive Starlink usage at these sites, raising concerns about its role in facilitating modern slavery and organized crime. Efforts to address this issue have been met with silence from SpaceX, even as officials call for collaboration to shut down these operations.
The BRICS bloc, comprising Brazil, Russia, India, China, and South Africa, is set to expand in 2025, with over 20 countries expressing interest in joining, driven by a desire for de-dollarization and a shift in global economic dynamics. U.S. President-elect Donald Trump has threatened 100% tariffs on nations supporting a BRICS currency, emphasizing the need to maintain the dominance of the U.S. dollar. The bloc aims to integrate nations that align with its vision, reflecting its growing influence in international affairs.
Flockerz, a community-governed meme coin, has successfully raised $9.5 million in presale ahead of its exchange launch. The project features a Vote-to-Earn governance model, allowing FLOCK holders to influence decisions and earn rewards, with a staking program that has attracted over 612 million FLOCK contributions. As the presale nears its end, 10% of the total supply is reserved for public trading, emphasizing security through smart contract audits.
The Australian stock market faces challenges, with the ASX200 down 1% and sectors like Discretionary and Financials declining, while Utilities and Energy show resilience. Amid this backdrop, promising small-cap stocks with strong fundamentals, such as BSP Financial Group, are emerging as potential investment opportunities. BSP operates across several Pacific nations, boasting a solid funding base and an attractive P/E ratio, despite recent earnings growth setbacks.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Dubai startup aims to commercialize smart contact lenses by 2026
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