The Shangri-La Dialogue hosted by the IISS in Singapore brought together defence ministers including US Defense Secretary Pete Hegseth to address Middle East tensions and global security.
Month: May 2026
US Inflation Hits 3.8 Percent Highest Since 2023 Pressuring Fed Rate Decisions
US inflation rose to 3.8 percent in April its highest level since 2023 increasing pressure on the Federal Reserve as it weighs its next interest rate decisions amid tariff-driven price rises.
Amazon and Flipkart Expand Dark-Store Networks Beyond Major Urban Markets in India
Amazon and Flipkart are expanding their dark-store networks beyond major urban markets as competition and saturation pressure profitability in India’s metro cities.
Fairdeal.Market Raises USD 15 Million Series A Led by Bertelsmann India Investments
B2B quick-commerce platform Fairdeal.Market raised USD 15 million in a Series A round led by Bertelsmann India Investments to scale its dark-store network and expand last-mile delivery.
MobiKwik Receives RBI Payments Aggregator Licence Targets Massive Merchant Expansion
The RBI granted MobiKwik its payments aggregator-payments licence as the fintech company targets massive merchant expansion across India following regulatory approval.
DeepSeek Eyes up to USD 50 Billion Valuation in Its First External Fundraising Round
Chinese AI startup DeepSeek is eyeing a valuation of up to USD 50 billion in its first external fundraising round signalling surging investor interest in Chinese AI capabilities.
Visa and Tourism Authority of Thailand Partner to Shape Value-Led Inbound Tourism
Visa and the Tourism Authority of Thailand announced a partnership to shape Thailand’s next phase of value-led inbound tourism targeting higher-spending international visitors.
Thailand’s SET Index Closes at 1568 Points as Investors Adjust Portfolios for MSCI
Thailand’s SET Index closed at 1568.37 points a slight decrease as investors adjusted portfolios to accommodate the MSCI index revision resulting in portfolio rebalancing activity.
Thai Construction Giant NWR Files for Rehabilitation Amid Financial Struggle
Thai construction giant NWR filed for court rehabilitation amid financial difficulty as the company struggled with debt obligations in a challenging regional construction market.
Dow Jones Industrial Average Closes at Record 51032 Points Up 363 Points
The Dow Jones Industrial Average finished up 363.49 points or 0.72 percent at 51032.46 on May 29 setting a fresh all-time intraday high during the session alongside other major indices.