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SoftBank-backed startup aims to ride DeepSeek buzz with cheap AI servers

April 16, 2025

Indonesia’s free meals marred by missed payments and poisoning
JAKARTA — Nearly four months after Indonesian President Prabowo Subianto launched his ambitious free meals for children program, missed payments to vendors, a lawsuit and incidents of food poisoning are tarnishing this flagship policy. Officially rolled out in early Janu, the program had reached 3.26 million recipients as of Tuesday, including children from infants to…
America’s oldest bank looks to Japan amid global uncertainty
TOKYO — Bank of New York Mellon is bolstering its Japan operations, seeing opportunities to make money as the country emerges from deflation and its people become more open to investing in the stock market. BNY, a processing bank, provides infrastructure for global banks, central banks, sovereign wealth funds, pension funds and insurers. It clears…
Global auto output to shrink 2% on Trump tariffs: forecast
NEW YORK — Global automobile production is on track to decline 2% on the year to 87.9 million vehicles in 2025 as a result of the Trump administration’s tariffs, a new forecast for the industry shows. S&P Global Mobility estimates that output will shrink 1.55 million vehicles compared with 2024. The drop exceeds the roughly…
Japan, China, South Korea and ASEAN to widen currency safety net
TOKYO — Japan, China, South Korea and ASEAN are expected as early as this month to expand an aid program designed for financial crises to include infectious disease outbreaks and natural disasters. The program, known as the Chiang Mai Initiative, was created after the 1997-98 Asian financial crisis. The goal is to prevent defaults by…
7-Eleven parent’s leadership picks backed by US proxy adviser
TOKYO — U.S. proxy adviser Institutional Shareholder Service has endorsed Seven & i Holdings’ new leadership appointments, including Stephen Hayes Dacus as CEO and Vice President Junro Ito as chairman. With no competing proposals ahead of the 7-Eleven parent’s general shareholders meeting in late May, the ISS endorsement is seen as a boost for the…
Malaysia, Vietnam drove rush of exports to US ahead of tariffs
HO CHI MINH CITY/SINGAPORE/BANGKOK — Southeast Asian countries boosted exports to the U.S. ahead of President Donald Trump announcing his “reciprocal” tariffs in April, but there are concerns that this will only eat into American demand for manufactured goods later this year. Malaysia’s exports to the U.S. in March climbed 51% on the year to…
Are there any truly safe assets anymore?
Satyajit Das, a former banker, is the author of “Traders, Guns & Money,” “Extreme Money” and “A Banquet of Consequences: Reloaded.” Fearing a trade war-induced recession and financial crisis, investors are switching out of risky assets into government bonds and AAA or AA-rated securities. But this Pavlovian response introduces new and subtle risks.
Arsalan Naseer playfully mocks Fawad Khan’s ‘Ice Age’ connection to border crises
Arsalan Naseer playfully mocks Fawad Khan’s ‘Ice Age’ connection to border crises Arsalan Naseer humorously compared Fawad Khan’s presence during the border crises. He compared Fawad to the “Ice Age squirrel” from the animated movie “Ice Age.” The lighthearted remark garnered attention from fans, highlighting the actor’s role in critical moments. In a cheeky Instagram…
Analysis: How China's milit mystery can spill into Taiwan strategy
Analysis: How China's milit mystery can spill into Taiwan strategy