Good morning and welcome to a fresh edition of FirstFT Asia, where we delve into today’s top news. Let’s jump right in:
- Ukraine’s acceptance of a proposed 30-day ceasefire with Russia has sparked renewed hope for peace in the war-torn region. Washington has pledged to resume military support to Kyiv, including weapon deliveries and intelligence-sharing, to bolster Ukraine’s defense capabilities. US President Donald Trump is optimistic about Russia agreeing to the ceasefire, emphasizing the importance of a peaceful resolution.
- Key events on our radar today include:
– Implementation of US tariffs on steel and aluminium imports
– Vietnam AI-Semiconductor conference, with top industry executives in attendance
– Release of OPEC’s monthly oil market report
– G7 foreign ministers meeting in Quebec
– Nissan’s CEO reshuffle following financial troubles
– Former Philippines President Rodrigo Duterte’s arrest under an International Criminal Court warrant
– Elon Musk’s Starlink venture in India with telecom mogul Sunil Mittal
– Cryptocurrency exchange Coinbase’s return to India amid regulatory approvals
– Wall Street stock woes amid trade tensions with Canada
- In a bid to expand their presence, UK digital banks Revolut and Monzo are eyeing the US market amid a resurgence in fintech investments. However, penetrating the competitive American financial landscape poses challenges for these digital disruptors, underscoring the hurdles they face.
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Looking ahead, the negotiations between US President Donald Trump and Indian Prime Minister Narendra Modi to lower trade barriers signal a potential shift in India’s protectionist stance. The talks, especially concerning agriculture, are anticipated to be complex and politically sensitive for India.
As we navigate through today’s headlines and market fluctuations, let’s remain informed and engaged in the evolving global landscape. Stay tuned for more updates and insights.
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