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Bangladesh's biggest port resumes operations as strike ends
Bangladesh's biggest port resumed operations on Monday after customs officials called off a strike that had disrupted the export and import of goods for around 48 hours. Senior NBR official Hasan Muhammad Tarek Rikabdar said they called off the strike after positive pledges from the government.
Tougher Singapore crypto regulations kick in
Singapore ramped up crypto exchange regulations Monday in a bid to curb money laundering and boost market confidence after a series of high-profile scandals rattled the sector. Singapore, a major Asian financial hub, has taken a hit to its reputation after several high-profile recent cases dented trust in the emerging crypto sector.
China's top diplomat visits Europe pitching closer ties in 'volatile' world
China's top diplomat heads to Europe on Monday for a visit which Beijing said will highlight ties as an "anchor of stability" in a world in turmoil.
Canada rescinds tax on US tech firms in hopes of Trump trade deal
Canada will rescind taxes impacting US tech firms that had prompted President Donald Trump to retaliate by calling off trade talks, Ottawa said Sunday, adding that negotiations with Washington would resume.
Most Asian stocks rise as investors eye US trade talks
Asian equities mostly rose Monday following a record-breaking day on Wall Street as investors kept tabs on countries' efforts to strike trade deals with the United States before a key deadline next week. After Wall Street's record day, most of Asia followed suit.
Meta spending big on AI talent but will it pay off?
Mark Zuckerberg and Meta are spending billions of dollars for top talent to make up ground in the generative artificial intelligence race, sparking doubt about the wisdom of the spree. Meta chief Zuckerberg is reported to have sounded the charge himself due to worries Meta is lagging rivals in the generative AI race.
Trump says 'very wealthy' group to buy TikTok
President Donald Trump said Sunday a group of buyers had been found for TikTok, which faces a looming ban in the United States due to its China ties, adding he could name the purchasers in two weeks. In mid-June Trump extended a deadline for the popular video-sharing app by another 90 days to find a non-Chinese buyer or be banned in the United States.
Strike shuts down Bangladesh's biggest port
Operations at Bangladesh's biggest port were suspended on Sunday as a strike by customs officials brought shipping activity to a halt. Mahmud Hasan Khan, president of the Bangladesh Garment Manufacturers and Exporters Association, said the halt in port operations would cost the industry $222 million.
Trump metal tariffs wreak havoc on US factory
In the sweltering US summer, metal containers decorated with snowmen and sleighs are taking shape -- but tempers are also rising as their manufacturer grapples with President Donald Trump's steep steel tariffs. But Trump's tariffs are complicating this task.
AFP
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