Asian stocks rise as US shutdown nears end and Fed rate cut hopes grow

Name: Smart Economy 24
Price range: $$

Oil demand projected to rise until 2050, IEA report warns of climate risks

Australia, Indonesia agree to upgraded defence pact

Asia

China opens key energy and infrastructure projects to private investors

Asia

SoftBank shares slump after $5.8bn Nvidia sale to fund AI projects

Asia

AI stock boom delivers bumper quarter for Japan’s SoftBank

Asia

Pakistan-Bangladesh explore new air links to strengthen trade and relations

World

Oil prices rise as US Senate approves deal to end government shutdown

Asia

ADB to hold Business Opportunities Seminar on November 12

Asia

Bangladesh’s remittance inflow rises 7% in October

World

US may raise tariffs if China fails to honor rare earths deal: Bessent

Spotlight

Rare Patek Philippe watch sells for $17.6mn

A highly sought-after Patek Philippe wristwatch has once again sold for a record price at auction, fetching 14.19 million Swiss francs ($17.6 million), auction house Phillips announced on Sunday.

As the shutdown drags on, here’s how it can drag down the economy

The federal government shutdown has lasted all month and is on pace to become the longest on record.

India’s Lakshmi Mittal’s energy venture bought Russian oil transported on blacklisted ships

Indian steel tycoon Lakshmi Mittal’s energy joint venture in India has bought Russian oil transported on sanctions-listed vessels, according to an analysis of satellite imagery, shipping data and customs records by the Financial Times.

The predictable unpredictability of Trump’s oil sanctions

The oil market just had its knee-jerk moment. Prices roared higher after the U.S. blacklisted Rosneft and Lukoil—but traders are already questioning whether President Trump’s sanctions will ever really stick.

How China could use DeepSeek and AI for an era of war?

China`s state-owned defense giant Norinco in February unveiled a military vehicle capable of autonomously conducting combat-support operations at 50 kilometres per hour. It was powered by DeepSeek, the company whose artificial intelligence model is the pride of China`s tech sector.

Opinion

As the shutdown drags on, here’s how it can drag down the economy

The predictable unpredictability of Trump’s oil sanctions

How China could use DeepSeek and AI for an era of war?

Rare earths: Strategic metals key to future tech

Gaza Ceasefire: A glimmer of hope amidst the darkness

Keeping the remittance flowing

Govt shutdown reflects US political dysfunction

H-1B visa changes may give Canada an opportunity. Will it seize it?

Asian Biz

Australia, Indonesia agree to upgraded defence pact

Australia and Indonesia have agreed in principle to a new defence treaty that will significantly upgrade their cooperation on regional security and defence matters.

China opens key energy and infrastructure projects to private investors

China has announced plans to allow greater private investment in major state-led energy and infrastructure projects as part of efforts to boost economic growth and investor confidence. Under a new directive, private investors could hold stakes of more than 10 percent in select projects, marking a significant policy shift.

SoftBank shares slump after $5.8bn Nvidia sale to fund AI projects

SoftBank Group shares fell sharply on Wednesday, dropping as much as 10 percent after the Japanese tech conglomerate revealed it had sold its entire stake in US chipmaker Nvidia for $5.8 billion.

Asian stocks rise as US shutdown nears end and Fed rate cut hopes grow

Asian markets climbed on Wednesday as optimism grew that the United States government shutdown was close to ending and expectations strengthened for another Federal Reserve interest rate cut.

World Biz

Oil demand projected to rise until 2050, IEA report warns of climate risks

Global oil and gas demand is expected to keep increasing for the next 25 years, according to the International Energy Agency’s latest World Energy Outlook. The report marks a sharp change from previous forecasts that predicted a peak in fossil fuel use by 2030, underscoring the continued dominance of oil in the global economy.

US shutdown nears end as Trump supports Senate agreement

Stocks rise as US moves toward ending government shutdown

Oil prices rise as US Senate approves deal to end government shutdown

Tech

Chinese Cryptoqueen faces sentencing over £5bn Bitcoin hoard

China lifts export curbs on chips used in car manufacturing

EU says China allows partial resumption of Nexperia chip exports

Samsung Q3 profits jump 32% in as AI boom drives chip demand

Aerospace & Defence

Russia tested new nuclear-powered Burevestnik cruise missile

Russia has successfully tested its nuclear-powered Burevestnik cruise missile, a nuclear-capable weapon Moscow says can evade any defence system, and will move towards deploying the weapon, President Vladimir Putin said on Sunday.

Cambodia and Thailand sign peace deal to end border conflict

Cambodia and Thailand signed a landmark peace agreement in Kuala Lumpur on Sunday, formally ending months of tension and deadly border clashes. The accord was signed during the 47th ASEAN Summit in the presence of US President Donald Trump, Malaysian Prime Minister Anwar Ibrahim, Cambodian Prime Minister Hun Manet, and Thai Prime Minister Anutin Charnvirakul.

Pakistan warns of ‘cataclysmic devastation’ if conflict with India erupts again

Pakistan’s military has issued a stark warning that any future conflict with India could result in “cataclysmic devastation,” following what it described as “provocative and jingoistic” remarks by senior Indian defense officials.

Chinese drone experts worked with sanctioned Russian arms maker, sources say

Chinese drone experts have flown to Russia to conduct technical development work on military drones at a state-owned weapons manufacturer that is under Western sanctions, according to two European security officials and documents seen by Reuters.