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Asian shares plummeted on Monday, with Tokyo's Nikkei 225 dropping over 4% following a significant retreat on Wall Street, driven by fears of worsening inflation and a slowing U.S. economy amid escalating trade tensions. The S&P 500 experienced its worst day in two years, falling 2%, while consumer pessimism about future finances surged, raising concerns about a potential stagflation scenario. As markets brace for upcoming tariff announcements, oil prices and U.S. futures also declined.
Zhao has committed to providing BNB for disaster relief efforts in Thailand and Myanmar. This initiative aims to support communities affected by recent calamities, showcasing a proactive approach to humanitarian aid through cryptocurrency.
Copper prices are expected to "collapse" as a rush to ship the metal to the US ahead of impending tariffs concludes. BNP Paribas forecasts prices will drop to $8,500 a ton by the end of Q2 2025, citing a significant surplus as US trade policies dampen demand. The firm has revised its copper consumption growth estimate down to 2.3% for the year, reflecting concerns over reduced global trade and economic growth.
A recent court filing clarifies that Elon Musk is not an employee of the United States DOGE Service and does not hold decision-making authority within the agency. Acting administrator Amy Gleason emphasized that she oversees DOGE operations and reports to the White House Chief of Staff, while agency DOGE teams operate independently. Despite Musk's public role, he serves only as a Senior Advisor to the White House, with DOGE credited for saving an estimated $115 billion in government spending.
Western Digital Co. reported Q1 earnings of $1.55 per share, missing estimates of $1.91, with a net margin of 9.95% and a return on equity of 15.68%. Analysts predict an EPS of 4.89 for the current year, while the stock has a Moderate Buy rating and a price target averaging $81.47. Institutional investors hold 92.51% of the company's stock, reflecting strong interest despite recent price adjustments from various analysts.
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.
Elon Musk received praise from Congressional Republicans during Trump's address for his role in the newly established Department of Government Efficiency (DOGE), which aims to cut federal spending. However, over three dozen Democratic lawmakers have called for Musk's dismissal, alleging that the Trump administration illegally fired officials investigating his companies, impacting multiple federal agencies involved in ongoing investigations.
During MWC25 in Barcelona, Huawei and GSMA Intelligence unveiled a report highlighting the transformative role of Super Apps in driving digital financial inclusion. These platforms offer multi-functional services, enhancing user engagement and providing diverse financial solutions, particularly in emerging markets. The report emphasizes the importance of robust scalability and security for integrating services, exemplified by KBZ Bank's successful KBZPay Super App, which serves millions of users and merchants.
Thailand's Tourism Authority has partnered with Baidu to enhance its appeal to Chinese tourists amid safety concerns, particularly following the disappearance of actor Wang Xing. The initiative, launched on February 27, aims to leverage digital marketing and AI insights to boost tourist confidence and attract high-quality visitors through 2025. In 2024, Thailand welcomed 6.73 million Chinese tourists, with a goal of restoring pre-pandemic levels of 40 million foreign arrivals by the end of 2025, as tourism significantly contributes to the nation's economy.
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05:19 31.03.2025
Zhao commits BNB to support disaster relief in Thailand and Myanmar
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India's unicorn landscape shifts from rapid growth to steady evolution
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India's unicorn landscape shifts from rapid growth to steady evolution
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Trump praises Elon Musk for government spending cuts amid Democratic backlash
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super apps revolutionize digital financial inclusion and enhance user engagement
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Thailand and Baidu collaborate to restore Chinese tourist confidence
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