The war in Iran is reshaping global metal supply chains and forcing major producers to overhaul logistics. Nornickel, the world’s largest palladium producer and a key supplier of nickel and copper, has redirected all maritime shipments away from the Suez Canal. The company now routes exports around Africa, extending delivery times by......
China has branded Meta’s 2 billion dollar acquisition of AI startup Manus as a “conspiracy,” escalating tensions over one of the most sensitive cross border deals in artificial intelligence. The assessment came from China’s national security commission, a top level body chaired by Xi Jinping. According to reports,......
The Canton Fair opened in Guangzhou with record scale, bringing together more than 32,000 companies and over 210,000 registered foreign buyers. The event reflects strong global trade interest, yet it unfolds under the shadow of a prolonged conflict involving the United States, Israel, and Iran. The war has disrupted shipping routes through......
Chinese artificial intelligence company DeepSeek is reportedly in discussions with investors to raise at least $300 million, with a potential valuation reaching $10 billion, according to a recent media report citing sources familiar with the matter. The startup, which focuses on developing advanced AI models, has attracted growing attention......
Chinese automaker Seres has announced that it will become an equal shareholder in a fast-charging joint venture in China involving German carmakers BMW and Mercedes-Benz. The move marks a new stage of cooperation in the rapidly evolving electric vehicle sector. According to an official statement released on Friday, Seres will join the partnership......
A group of senior policymakers and economists has renewed concerns about the long-term strength of the US dollar as the world’s primary reserve currency, pointing to shifting capital flows, policy risks, and weakening global confidence. Janet Yellen, speaking at an investment summit hosted by HSBC in Hong Kong, warned that political......
German automaker Audi has announced an expansion of its collaboration with Chinese partner SAIC Motor, aiming to develop a new generation of vehicles tailored specifically for the Chinese market. The strengthened partnership will focus on producing future models under a jointly developed brand, with several vehicles expected to be launched......
The United States says its naval blockade of Iranian ports near the Strait of Hormuz has forced 13 vessels to turn back since operations began, even as maritime data suggests the enforcement effort is facing gaps. The operation, led by United States Central Command, has entered its fourth day amid rising tensions in the region. US military......
A supply crunch in advanced 2nm chips from TSMC is pushing smartphone manufacturers to limit their most powerful processors to premium devices, reshaping product strategies ahead of the second half of 2026. The shortage comes as the industry also faces a worsening memory crisis, adding pressure across the supply chain. Production of 2nm chips,......
U.S. lawmakers have revised proposed legislation aimed at restricting China’s access to advanced semiconductor manufacturing equipment, scaling back some of the more expansive measures included in earlier drafts. The updated proposal reflects ongoing debates over how far export controls should go in the global technology race. The bill,......
French luxury group Kering, the owner of Gucci, has announced that it will acquire a minority stake in Shanghai-based Icicle Fashion Group as part of a new strategic partnership with its parent company, ICCF. The investment reflects Kering’s continued efforts to strengthen its presence in the Chinese luxury market, which remains one......
Global investment firm EQT AB has resumed efforts to sell the mainland China operations of contact lens manufacturer Ginko International, with a target valuation of at least $1 billion, according to sources familiar with the matter. The move comes after a previous agreement to sell the business to U.S.-based private equity firm Advent International......
The RAVE token posted one of the most extreme price moves in the crypto market this month. Its value jumped from about $0.25 to nearly $20 in less than two weeks. The gain exceeded 6,000 percent. This surge triggered a wave of forced liquidations across derivatives markets. Data shows that around $30.6 million in positions were wiped out......
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GITEX Africa: The New Frontiers Of African Innovation
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