Foreign investors pull $26.6 billion from emerging markets in May

Foreign investors withdrew a net 26.6 billion dollars from emerging market portfolios in May, reversing the rebound seen in April and underscoring renewed volatility in global capital flows. Equity sales in Asia drove most of the outflows, outweighing more stable demand in emerging market debt. The shift follows a highly unstable sequence......

Thailand sentences two Uyghur Chinese men to death over 2015 Bangkok bombing

A Thai court has sentenced two men identified as Chinese Uyghurs to death for their involvement in the 2015 bombing at Bangkok’s Erawan Shrine, the deadliest attack in the country’s modern history. The Criminal Court in Bangkok found Yusufu Mieraili and Bilal Mohammed guilty of placing explosives at the popular religious site......

Morocco becomes Africa’s second largest electric vehicle market in 2025

Morocco ranked second in Africa for electric vehicle sales in 2025, with 5,500 units registered, according to data covering continental EV trends. The country accounted for 22% of Africa’s estimated 25,000 electric vehicles sold during the year, placing it behind Egypt and ahead of South Africa. The figures reflect a rapidly expanding......

Renault CEO urges EU to push Chinese carmakers to source more parts in Europe

The Chief Executive Officer of Renault has called on the European Union to encourage Chinese automakers operating in Europe to increase their sourcing of automotive components from within the region. Speaking at an industry event in Brussels, Renault CEO François Provost argued that Europe should negotiate a framework with China that......

Huawei launches AHEAD programme for AI in education health

Huawei has introduced its AHEAD programme, short for Alliance on Healthcare and Education AI Digitalization 2.0, during its global partner convention for the education and health sectors held in Shenzhen. The initiative brought together more than 500 clients and partners from over 40 countries and regions, reflecting the company’s effort......

Goldman Sachs raises AI server market forecast to $1.24 trillion

Goldman Sachs has increased its long-term forecast for the global artificial intelligence server market to 1.24 trillion dollars by 2030. The new estimate marks an 18 percent upward revision from a previous projection of 961 billion dollars. The adjustment reflects accelerating demand for computing infrastructure as companies expand artificial......

Oil drops to seven-week low after Iran Israel ceasefire

Oil prices fell to their lowest level in seven weeks after Iran and Israel announced a halt to their mutual attacks, easing fears of a wider regional disruption to energy supplies. The decline erased earlier gains triggered by renewed hostilities between the two sides, which had briefly pushed crude higher on concerns over supply risks in......

China’s domestic car demand comes under pressure, industry association says

China’s domestic automobile market is facing increasing pressure, with demand declining more sharply than expected at the start of the year and expected to remain weak throughout 2026, according to a senior industry representative. Chen Shihua, deputy secretary-general of the China Association of Automobile Manufacturers (CAAM), stated......

China Inc. adopts “quiet layoffs” as AI reshapes the workforce

Chinese companies are increasingly resorting to discreet workforce reductions as artificial intelligence tools rapidly transform business operations, according to industry reports and employee accounts. Rather than announcing large-scale layoffs, many firms are opting for gradual job cuts and reduced hiring in order to avoid public attention......

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