The United States has asserted that India has halved its imports of Russian crude oil, signaling what it calls a major diplomatic success in curbing Moscow’s wartime revenues. Yet, on-the-ground data, refinery orders, and industry sources in New Delhi present a very different picture — one of steady purchases, rising import volumes, and no official…
Meta Platforms, the parent company of Facebook and Instagram, is introducing a sweeping set of parental control measures designed to give parents more oversight of how their teenage children interact with artificial intelligence on its platforms. The move comes after sharp criticism over “flirty” and inappropriate responses by the company’s AI chatbots, raising questions about…
Luxury fashion brands are reimagining what it means to be “exclusive” — and in Asia, the new definition often includes coffee, soft-serve ice cream, and immersive spaces designed to inspire social media sharing rather than quiet elegance. From Coach’s “chili crab” ice cream in Singapore to Ralph Lauren’s upscale cafés and Louis Vuitton’s experimental dining…
Artificial intelligence company Anthropic is pursuing one of the most aggressive growth trajectories in the global tech sector, aiming to nearly triple its annualized revenue in 2026. The company’s ambitious forecast reflects its growing dominance in enterprise AI, where corporate adoption of large language models is moving from experimentation to large-scale integration. With its current…
Nestlé, the world’s largest packaged food producer, has surprised markets with stronger-than-expected sales and volume growth in its first quarterly results under new Chief Executive Officer Philipp Navratil. The company’s return to organic growth has injected confidence among investors after months of leadership turmoil and lagging performance, signaling that a strategic shift focused on innovation,…
The European Union’s landmark decision to fine Gucci, Chloé, and Loewe a combined €157 million marks a turning point for the luxury fashion industry. Behind the glamour and exclusivity, regulators have found a pattern of commercial manipulation — one that maintained the illusion of price stability while quietly constraining competition. The European Commission’s investigation revealed…
Johnson & Johnson’s decision to spin off its orthopedics division marks a defining strategic shift for one of the world’s most enduring healthcare conglomerates. The move underscores a fundamental realignment of priorities — from slow-growth legacy operations to a focused push on higher-margin, innovation-driven sectors such as oncology, immunology, and cardiovascular care. Under the plan,…
In a dramatic show of state intervention, the Dutch government has assumed effective control over Nexperia, a semiconductor firm based in Nijmegen and owned by China’s Wingtech. The move marks a rare invocation of emergency powers under the Netherlands’ Goods Availability Act, citing “serious governance shortcomings” and pressing risks to European technological sovereignty. While Nexperia…
OpenAI has taken another major step toward technological self-reliance by striking a long-term partnership with Broadcom to develop and produce its first in-house artificial intelligence processor. The deal, one of the largest in the global semiconductor sector this year, underscores how OpenAI is accelerating its move from software innovation to hardware control—a shift aimed at…
In a bold move that signals traditional finance’s embrace of crypto infrastructure, ten major global banks have announced a joint initiative to explore issuing stablecoins pegged to G7 currencies. Rather than a speculative play, the endeavor reflects growing conviction that blockchain-based tokens backed 1:1 by fiat reserves could reshape payments, competition, and cross-border flows—but only…
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