Autor: Jane Austen

India is reviewing its stance on cryptocurrencies due to shifting attitudes towards the virtual asset in other countries, a senior government official told Reuters on Sunday.The review, which follows crypto-friendly policy announcements by US President Donald Trump, could further delay publication of a discussion paper on cryptocurrencies that was due for release in September 2024.»More than one or two jurisdictions have changed their stance towards cryptocurrency in terms of the usage, their acceptance, where do they see the importance of crypto assets. In that stride, we are having a look at the discussion paper once again,» India’s Economic Affairs Secretary…

Generali Malaysia promotes Lee Chee Fooi as chief distribution officer February 3 2025 by InsuranceAsia News Non-life insurer Generali Insurance Malaysia has promoted Lee Chee Fooi as chief distribution officer, the company said in a press release.Lee (pictured) was chief agency officer at the Generali-owne… To continue reading the full article and get full access to the InsuranceAsia News platform, please enquire about a subscription. Your company may already have a corporate license in place. Already a Subscriber? Please Login Join the mailing list Designed to help you stay ahead, our daily newsletter provides a round-up of the latest news…

TOKYO (Reuters) – Japan’s industry ministry is aware of a view that expansion of data centres may increase demand for electricity, however, it is difficult yet to predict how demand may change with the appearance of one technology such as DeepSeek, it said by email. In late December, the government released a draft of its basic energy plan, a major policy document reviewed about every three years, projecting electricity generation would rise between 10-20% by 2040 and citing higher AI-driven usage. However, the recent emergence of Chinese startup AI DeepSeek, which may use less power compared to competitors, saw analysts…

(Reuters) – Shares of automakers and megacap tech stocks bore the brunt of a wider equity pullback on Monday after U.S. President Donald Trump ordered sweeping tariffs against Mexico, Canada and China, sparking fears of a global trade war that could hit growth. Investors flocked to the dollar and U.S. Treasuries, as Mexico and Canada, the top two U.S. trading partners, vowed retaliatory levies, while China said it would challenge Trump’s tariffs at the World Trade Organization. Among carmakers, shares of General Motors slid 6.4%, Ford dropped 3.8% and Tesla shed 2.9% in premarket trading. U.S.-listed shares of e-commerce firms…

The Sims and the Sims 2, two classic titles from the social simulation franchise, have been re-released. The two games are now available on PC via the EA app, Epic Games Store, and Steam as part of The Sims 25th Birthday Bundle. They can also be purchased as The Sims Legacy Collection and The Sims 2 Legacy Collection separately. The re-release version of the games includes all previous bonus content and DLCs, but it does not come with updated graphics.The Sims 1 and 2 Legacy Collection Now AvailablePublisher EA announced The Sims and The Sims 2 re-release Friday, detailing all…

(Bloomberg) — China’s manufacturing activity unexpectedly declined for a second straight month in January, underlining the need for Beijing to step up economic stimulus with Donald Trump slapping tariffs on the country’s exports. Most Read from Bloomberg The Caixin manufacturing purchasing managers index fell to 50.1, the lowest in four months, from 50.5 in December, according to a report released by Caixin and S&P Global on Monday. While any reading above 50 indicates an expansion of activity, the figure was well below the median forecast of 50.6 by economists surveyed by Bloomberg. “The major challenges stemmed from a notable drop…

OpenAI faces an uphill climb as it argues that Indian courts cannot hear lawsuits about its US-based business in the country, where Telegram has failed with similar defences and US technology firms have faced government heat on compliance.OpenAI, which counts India as its second biggest market with millions of users, is locked in an intense court battle triggered by domestic news agency ANI for alleged use of copyright content.The case gained prominence in recent weeks as book publishers and media groups, including those of billionaires Gautam Adani and Mukesh Ambani, banded together to oppose OpenAI in the case.OpenAI, which is facing new challenges from Chinese startup DeepSeek’s breakthrough cheap AI computing, has maintained…

Asia Pacific leads the way in Chubb’s 2024 top line growth: Greenberg February 3 2025 by Marcus Alcock Asia Pacific “led the way” for premium growth in 2024 for Chubb, according to chairman and CEO Evan Greenberg.APAC was Chubb’s standout P&C performer last year, with net written premium growth of… To continue reading the full article and get full access to the InsuranceAsia News platform, please enquire about a subscription. Your company may already have a corporate license in place. Already a Subscriber? Please Login Join the mailing list Designed to help you stay ahead, our daily newsletter provides a…

(Bloomberg) — Supply Lines is a daily newsletter that tracks global trade. Sign up here. Most Read from Bloomberg President Donald Trump’s new trade levies against China, Canada and Mexico include a broadside against international e-commerce, with apparent plans to extinguish a long-held tariff exemption for packages worth less than $800. Trump’s executive orders directing 25% levies on Canada and Mexico — plus a 10% duty on China — specify that the “de minimis” exemption for small packages no longer applies. Under the exemption, products below that dollar amount are able to enter the US without tariffs — a boon…

(Bloomberg) — Asian stocks reliant on exports, ranging from Japanese carmakers to Chinese e-commerce firms, nosedived after US President Donald Trump unleashed his first wave of tariffs, signaling the beginning of a new round of global trade war. Most Read from Bloomberg On Saturday, Trump ordered general tariffs of 25% on Canada and Mexico and 10% on China to come into effect on Tuesday, as well as promising a similar move later for the European Union. The MSCI Asia Pacific Index fell more than 2% in Monday trading in its biggest intraday drop in six months. Asia investors have been…