Trump administration refocuses US-China chip war on AI and Huawei

The Trump administration is seeking to change the ways the US limits China's access to state-of-the-art semiconductors needed to develop AI.

Chinese firms like Alibaba and Xiaomi have announced huge investments in AI in what experts say feeds into a national goal to cut reliance on foreign suppliers.

Xiaomi launches new advanced in-house mobile chip

With the XRING O1, it becomes only the second smartphone brand globally after Apple to mass produce its own 3-nanometre chips, among the most advanced on the market.

Xiaomi took early steps into semiconductors for smartphones with the launch of the firm's first in-house chip, the Surge S1, in 2017.

May 2025 Islamic Treasury Sukuk auction attracts bids worth $1.88bn

The total bids received reached AED 6.93 billion ($1.88bn), reflecting an oversubscription rate of 6.3 times.

The auction results highlighted competitive, market-driven pricing with a Yield to Maturity (YTM) of 3.99 percent for the May 2027 tranche and 4.06 percent for the May 2030 tranche

Ads pressured to evolve as AI changes Google search

The internet giant is dabbling with ads in its new AI Mode for online search, a strategic move to fend off competition from ChatGPT.

A new AI Mode enables conversational interaction with Google during search queries, providing answers in diverse formats, such as video, audio or graphs.

Turkey says increasing energy exports to war-torn Syria

Syria's Islamist authorities, who toppled Bashar al-Assad in December, are seeking to rebuild the country's infrastructure and economy after almost 14 years of civil war.

The conflict badly damaged Syria's power infrastructure, leading to cuts that can last for more than 20 hours a day.

Cyberattack to cost UK retailer Marks & Spencer $404 million

Marks last week revealed that some personal data of its customers had been stolen in a cyberattack that has crippled its online services for weeks.

The news came as Marks on Wednesday reported operating profit before adjusting items of  £985 million for its financial year to the end of March.

Oil prices jump on report of Israel prepping Iran strike

There are fears that such a sharp escalation could tip the Middle East into a war, with tensions already high over Israel's strikes on Gaza.

While safe haven gold pushed higher, the news from CNN appeared to be having little detrimental effect on Asian equities, with most extending the previous day's rally.

Etihad Q1 profit $187 million

Total revenue saw a 15 percent rise compared to Q1 2024, supported by both passenger and cargo business.

With nearly 20 million passengers carried over the last 12 months, Etihad is the fastest-growing airline in the region.

Yalla Group Q1 revenue $83m

The New Travel Mindset: Local Living and Smarter Tech

Japan, Korea, Singapore, Malaysia, and Thailand are growing heavily from this region as connectivity improves.

Europe remains strong, but even in Europe, they're exploring more. Before, it was much more London only.