The Asian Development Bank plans to increase funding for infrastructure projects in Bangladesh to benefit more municipalities and residents. Country Director Hoe Yun Jeong said the Manila-based lender wants to expand successful initiatives across the nation after visiting ADB-supported sites in Patuakhali and Khulna. The agency may provide around $2.5 billion in 2026 for at…
Reliance Industries and Meta formed a joint venture on Saturday to deliver artificial intelligence services to Indian businesses. The partnership created Reliance Enterprise Intelligence Limited with combined startup funding of 855 crore rupees to build and sell corporate AI tools across the country. Reliance Intelligence secured a 70 percent stake, while Facebook Overseas took the…
Iran shut down Ayandeh Bank and transferred its operations to state-owned Melli Bank after the private lender incurred losses totaling $5.2 billion. The central bank ordered the takeover and promised depositors could withdraw their funds from the 270-branch network that served customers across the country. Police monitored long lines of concerned account holders outside a…
India designated two additional research facilities as Centres of Excellence under its National Critical Mineral Mission on Saturday. The Ministry of Mines approved the Indian Institute of Science in Bangalore and the Centre for Materials for Electronics Technology in Hyderabad to advance mineral technology development. The centers will focus research on clean energy, transportation, electronics,…
Chinese and American officials started trade discussions in Kuala Lumpur on Saturday as both governments work to prevent their tariff conflict from expanding further. Vice Premier He Lifeng leads Beijing’s team through meetings with American negotiators that run until Monday. President Donald Trump plans to meet Chinese leader Xi Jinping on Thursday at the Asia-Pacific…
Life Insurance Corporation of India rejected Washington Post allegations on Saturday, calling claims about external influence over its investment choices false and unfounded. The state-owned insurer said no document exists directing funds to Adani Group companies, contradicting the newspaper’s report of a fast-tracked $3.9 billion proposal in May. The corporation stated that its board approves…
Brazil holds significant leverage in trade disputes with Washington through its vast rare-earth deposits, the second-largest globally after China’s. These minerals power electric cars, smartphones, military equipment, and renewable energy systems, where Beijing controls most worldwide production and processing. Mines and Energy Minister Alexandre Silveira sees alignment between Brazilian resources and American investment interests. President…
India must stay alert to cybercrime operations along the China-Myanmar border that exploit its citizens through online scams, a report warns. The criminal networks in Kayin State and the Wa region use fake job advertisements to trap victims, seize their travel documents and force them into cryptocurrency and romance fraud schemes targeting people across multiple…
Gold prices fell sharply this week, breaking a nine-week advance as traders pulled back from recent highs. The metal dropped 3.3 percent to settle at $4,113.05 per ounce in New York on Friday, while 24-carat gold in India closed at 122,419 rupees per 10 grams. The retreat followed a rally that began in mid-August and…
South Korea’s primary stock exchange recorded its highest daily trading volume in over four years this month as semiconductor companies drove a broader market rally. The Korea Composite Stock Price Index averaged 16.6 trillion won in transactions through Friday, surpassing the 16.9 trillion won mark last seen in June 2021. Samsung Electronics and SK hynix…
