Hyperliquid’s HYPE token has climbed to record levels after the decentralised exchange channelled almost all of its trading-fee revenue into open-market token purchases, strengthening confidence in one of the fastest-growing protocols in crypto derivatives. The token traded above $64 over the weekend, extending a sharp advance that has taken it from below $4 at its 2024 lows to a position among the largest digital assets by market […]
Commerce and Industry Minister Piyush Goyal is scheduled to visit Canada from May 25 to 27, accompanied by around 150 business leaders for meetings in Ottawa and Toronto. The delegation is expected to include senior representatives from mining, energy, automotive, aerospace, manufacturing, pharmaceuticals, education and technology, with talks centred on investment, market access and the proposed Comprehensive Economic Partnership Agreement.
The visit comes as negotiators from both countries hold another round of discussions in Ottawa from May 25 to 29. Officials are working towards an early conclusion of the trade pact after formally relaunching negotiations this year. The agreement is intended to widen market access, reduce barriers and deepen supply-chain cooperation across sectors where both economies see strategic value.
Bilateral trade stood at nearly $9bn in 2024-25, modest in relation to the size of the two economies. Both governments have set a target of raising trade to $50bn by 2030, a goal that would require faster progress in goods, services, investment and energy cooperation. Canada is seeking stronger commercial links beyond its heavy dependence on the United States, while New Delhi is trying to secure reliable supplies of critical minerals, uranium, clean-energy technology and advanced manufacturing inputs.
Energy and minerals are expected to figure prominently in the discussions. Canada holds significant reserves of uranium, potash, lithium, nickel, cobalt and rare earth elements, all of which are relevant to New Delhi’s nuclear power, fertiliser security, electric mobility and electronics manufacturing plans. Earlier this year, the two sides announced a C$2.6bn uranium supply arrangement involving Cameco, giving fresh weight to talks on long-term clean-energy cooperation.
Market access will be another sensitive area. New Delhi wants wider entry for textiles, leather goods, processed foods, pharmaceuticals and services, while Canada is expected to push for opportunities in agriculture, energy, education, financial services and high-technology sectors. Businesses on both sides have argued that tariffs, standards, certification rules and mobility restrictions have limited the relationship despite strong people-to-people ties and a large diaspora in Canada.
The delegation also carries political significance. Relations deteriorated sharply in 2023 after Ottawa alleged involvement by New Delhi in the killing of Sikh separatist leader Hardeep Singh Nijjar in British Columbia. New Delhi rejected the allegation, and both sides expelled diplomats as the dispute spread into security, visa and intelligence cooperation. The strain interrupted trade talks and pushed commercial engagement into a lower gear.
A gradual reset began after political engagement resumed at senior levels. Canada’s Prime Minister Mark Carney invited Prime Minister Narendra Modi to the G7 summit in Alberta in June 2025, and the two governments subsequently restored channels for trade and strategic dialogue. Carney’s visit to India in March 2026 gave the relationship a clearer economic framework, including the signing of terms of reference for the trade pact and a commitment to expand cooperation in energy, technology, agriculture, education and defence-related sectors.
The May visit is designed to move that process from political signalling to business execution. Meetings with Canadian ministers, industry bodies and corporate leaders are expected to test where near-term agreements are possible, especially in sectors less vulnerable to political friction. Ottawa and New Delhi are also exploring cooperation in shipbuilding, pharmaceuticals, tourism and education, areas identified during earlier ministerial exchanges.
Canada’s interest is shaped by a broader effort to diversify export markets and reduce exposure to shifts in US trade policy. New Delhi, meanwhile, is looking for partners that can support its manufacturing expansion, clean-energy transition and mineral security. The fit is commercially evident, but negotiations are likely to remain complex because both sides have defensive interests in agriculture, labour mobility, procurement and regulatory standards.
For businesses, the scale of the delegation suggests a wider appetite to resume investment conversations that had slowed during the diplomatic dispute. More than 600 Canadian companies have a business presence in India, while firms from India have built interests in information technology, steel, automotive components, hospitality and financial services in Canada. Student mobility and professional services also remain important links, although visa and security concerns have added caution to the relationship.
Tether is preparing to launch GEL₮, a blockchain-based stablecoin tied to the Georgian lari, with backing from Georgia’s government in a move aimed at putting the country’s currency on digital asset rails and strengthening its position as a regional fintech hub. The project, announced on Monday, would make GEL₮ a digital representation of the lari rather than a central bank digital currency. It is being positioned as […]
Chainlink has made its data standard available through AWS Marketplace, giving cloud developers and enterprise technology teams a simpler route to deploy oracle infrastructure for tokenised assets, stablecoins, decentralised finance and on-chain financial applications. The launch brings Chainlink Data Feeds, Data Streams and Proof of Reserve into the AWS procurement environment, reducing the need for institutions to build bespoke systems to connect blockchains with market data, reserve […]
The Tokyo-listed investment group has become one of the most closely watched proxies for AI demand after committing tens of billions of dollars to OpenAI and building exposure across chips, power infrastructure, robotics and data-centre supply chains. The latest rally extended a sharp two-session advance that added tens of billions of dollars to SoftBank’s market value, marking one of its strongest runs since the technology boom that first made the group a symbol of risk-taking capital.
Investor enthusiasm has been driven by two linked expectations. OpenAI is preparing for a confidential US initial public offering filing that could set up a listing as early as September, while SB Energy, a power and data-centre infrastructure company backed by SoftBank and OpenAI, has said it intends to confidentially file for a US IPO. Together, the developments have strengthened the market view that SoftBank’s private holdings may be moving closer to public-market price discovery.
SoftBank’s OpenAI position is the main driver of that reassessment. The group has invested $34.6bn in the ChatGPT maker since September 2024 and has agreed to make a further $30bn investment through SoftBank Vision Fund 2. Completion of those tranches would lift its cumulative investment to $64.6bn for an ownership interest of about 13 per cent. The preferred shares are designed to convert automatically into common shares if OpenAI completes an IPO or related listing transaction.
OpenAI’s valuation has become central to SoftBank’s investment case. The company was valued at $852bn in private markets and preliminary discussions around a listing have included the possibility of a valuation as high as $1tn. The company is also seeking to raise at least $60bn at the lower end of earlier discussions, reflecting the huge capital needs of frontier AI model development, data centres, chips and power supply.
The OpenAI bet has already reshaped SoftBank’s earnings profile. The group reported a sharp profit rebound, helped by valuation gains tied to OpenAI, and said cumulative gains on the investment had reached $45bn. Its annual profit of about ¥5tn was described by the company as the highest recorded by a Japanese company, underscoring how quickly Son’s AI strategy has altered investor perceptions after years of scrutiny over the Vision Fund’s uneven performance.
SB Energy has added another layer to the rally because its business sits at the intersection of AI and power infrastructure. Founded in 2019, the company develops large-scale energy and data-centre projects and has positioned itself to benefit from surging electricity demand linked to AI workloads. It has raised more than $18bn in project capital and has a portfolio of about 5 gigawatts of operating and under-construction energy assets.
The company’s January partnership with OpenAI under the Stargate initiative placed it inside a broader push to build AI and energy infrastructure in the United States. That has made SB Energy more than a conventional renewable power developer in the eyes of investors. Its appeal rests on the argument that AI expansion will require dedicated power generation, grid connections and purpose-built campuses capable of supporting high-density computing.
SoftBank’s rally has also been supported by strength in Arm Holdings, the UK chip designer in which the group holds a large stake. Arm remains a key public asset for SoftBank and is viewed as a beneficiary of AI-related semiconductor demand. Gains in Arm shares have helped reinforce confidence that SoftBank owns multiple assets tied to the same structural theme, rather than a single concentrated wager on OpenAI.
The optimism carries risks. OpenAI faces intensifying competition from Alphabet’s Gemini, Anthropic’s Claude and other model developers, while the cost of training and operating advanced AI systems continues to rise. Credit analysts have raised concerns that the size of SoftBank’s OpenAI commitment may affect liquidity and asset quality, particularly as the group uses loans, asset sales and financing backed by holdings such as Arm and SoftBank Corp. to fund its strategy.
SoftBank arranged a $40bn bridge loan in March and drew $20bn in April, largely for the OpenAI investment, while also repaying part of that borrowing. The group has sold stakes in holdings including Nvidia and T-Mobile, issued bonds and considered other financing options as it reallocates capital towards AI. Chief Financial Officer Yoshimitsu Goto has said the group may also explore ways to use its OpenAI assets for financing if market conditions allow.
Invest Qatar’s delegation, led by its chief executive Sheikh Ali bin Alwaleed Al-Thani, held executive-level meetings, site visits and closed-door business discussions with Chinese companies across advanced manufacturing, life sciences, industrial technologies and digital platforms. The engagements included WuXi Biologics, Shanghai SUS Environment, Cainiao Group and Ant International, placing the tour at the intersection of Qatar’s diversification agenda and China’s strengths in biotechnology, logistics, environmental services and digital finance.
The visit was designed to present Qatar as a platform for regional expansion, with Invest Qatar highlighting support for market entry, regulatory coordination, site selection, expansion planning and aftercare services. The pitch reflects Doha’s effort to move beyond energy-led ties and attract capital, technology and operational expertise into sectors linked to the Third National Development Strategy and Qatar National Vision 2030.
China already occupies a central place in Qatar’s external economic network. Bilateral cooperation spans energy, logistics, manufacturing, technology and financial services, while Qatar hosts about 520 Chinese companies. Over the 2017-2026 period, China has ranked among Qatar’s top 10 sources of foreign direct investment, with 59 projects generating more than $3bn in capital expenditure and creating more than 3,200 jobs across multiple sectors.
The Shanghai and Hangzhou programme signals a more targeted approach by Qatar’s investment promotion authorities. Rather than broad promotional activity, the delegation focused on companies that fit Qatar’s priority clusters. WuXi Biologics brings relevance to life sciences and contract research, Shanghai SUS Environment operates in waste-to-energy and environmental infrastructure, Cainiao Group is a major logistics and supply-chain player, and Ant International strengthens the digital payments and fintech dimension of the outreach.
Energy remains the anchor of Qatar-China economic relations. China is Qatar’s largest trading partner, with bilateral trade reaching $24.22bn in 2024. China exported goods worth about $4.17bn to Qatar and imported about $20.05bn, led by liquefied natural gas and industrial helium. Qatar is also China’s second-largest source of LNG imports, reinforcing the strategic weight of the relationship at a time when Asian demand remains central to global gas markets.
QatarEnergy’s expansion strategy has further tightened industrial links with China. Long-term LNG supply arrangements linked to the Chinese market, together with major vessel orders placed with Chinese shipbuilders, have created a broader commercial ecosystem around the North Field expansion. Qatar aims to raise LNG production capacity from 77mn tonnes a year to 142mn tonnes by 2030, a target that will require shipping, engineering, financing and downstream partnerships across Asia.
The investment outreach comes as Gulf states increasingly seek to use energy relationships as a foundation for wider economic cooperation with Asia. For Qatar, China offers scale, capital depth and technology capacity. For Chinese groups, Qatar provides political stability, strong transport connectivity, free-zone infrastructure and access to Gulf, African and South Asian markets.
Doha is also seeking to position itself as a business base for companies navigating a more fragmented global trade environment. Regulatory certainty, a relatively high-income market, advanced digital infrastructure and a sovereign investment ecosystem give Qatar tools to compete for regional headquarters, specialised manufacturing and services projects. The challenge will be converting exploratory meetings into project commitments in sectors where regional competition is intense, particularly from Saudi Arabia and the UAE.
Financial services form another important strand of the relationship. Qatar Investment Authority’s moves in China’s asset management sector and broader Gulf interest in Asian financial markets point to a shift from passive portfolio exposure towards more strategic investment channels. That trend could support new capital-market links, fintech partnerships and investment vehicles connecting Doha and Chinese financial centres.
The latest Invest Qatar tour also reflects a diplomatic-economic strategy that has become more visible across Asia. Qatar has sought to deepen ties with major economies while keeping its partnerships diversified across the United States, Europe, China and other Asian markets. This balancing approach allows Doha to pursue commercial opportunities while avoiding excessive dependence on any single investment corridor.
For Chinese companies, Qatar’s offer is strongest where national development goals align with corporate expansion plans. Life sciences companies can tap healthcare investment and research partnerships, logistics operators can link into Hamad Port, Hamad International Airport and regional re-export networks, and digital platforms can benefit from a market that has been investing in cashless payments, cloud services and smart-city infrastructure.
Dubai Police have warned that selling or promoting counterfeit products through social media and digital marketplaces is a criminal offence, intensifying scrutiny of online accounts that use advertising, influencer posts and informal e-commerce channels to move fake goods across the UAE. The warning, issued through the Anti-Economic Crimes Department at the General Department of Criminal Investigation, targets commercial account owners, advertisers and young social media users who […]
Arabian Post Staff -Dubai Dubai’s Emirates NBD Bank will open its offer on June 1 to buy up to 26 per cent of RBL Bank from public shareholders, marking the next decisive phase in one of the largest foreign investments in the country’s private banking sector. Public shareholders will be able to tender shares until June 12 under the open offer, which has been priced at ₹282.38 […]
Recent Google search trends in Thailand show continued growth in interest for both asset classes. Gold trading-related searches such as “XAUUSD today” have consistently generated between 1,000 and 10,000 monthly searches over the past year, while cryptocurrency-related keywords including “crypto” have maintained similarly strong search volumes.
The trend is also reflected in internal traffic data from BrokersThai.com. Pages related to Forex brokers for gold trading generated more than 5,000 impressions over the last year, highlighting continued interest from Thai traders seeking reliable broker comparisons and trading cost information.
The data also reveals that cryptocurrencies like Bitcoin are no longer seen as just tools for quick gambling. Instead, users search for risk management, such as how to handle price drops and volatility, spike every time the stock market experiences volatility. This proves that traders are carefully weighing crypto risks against the steady safety of gold.
Justin Grossbard, CEO of BrokersThai.com, commented: “Thai traders are now interested in trading multiple assets, especially gold and Bitcoin, while paying more attention to trading costs and broker transparency. Many traders are carefully comparing spreads and execution speeds to reduce unnecessary trading costs as much as possible.”
The findings indicate that Thai retail traders are adapting to uncertain market conditions by conducting deeper research before making investment decisions. Rather than choosing between gold or Bitcoin, many traders are now using both together — relying on gold to help preserve capital while viewing Bitcoin as a long-term growth opportunity.
For broker comparisons, visit: https://www.brokersthai.com
Hashtag: #BrokersThai
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Anthropic’s Claude Mythos Preview has identified more than 10,000 high- or critical-severity software vulnerabilities through Project Glasswing, intensifying debate over whether frontier AI is becoming a defensive breakthrough or a new accelerant for cyber risk. The findings, disclosed after the initiative’s first month of operation, mark a sharp escalation in AI-assisted vulnerability discovery across software used in operating systems, browsers, cloud platforms, open-source projects and financial infrastructure. […]
Cybercriminals are exploiting demand for AI coding tools by pushing fake Gemini CLI and Claude Code installation pages into search results, using the sites to deliver a fileless PowerShell infostealer aimed at developer workstations. The campaign, active since early March 2026, marks a sharper turn in financially motivated attacks against software teams as AI assistants become embedded in daily coding workflows. The attackers are not merely imitating […]
Tourists arriving in the UAE can now open a digital bank account within minutes under a new Tourist Identity system linking immigration records, biometric verification and mobile banking. The initiative, launched by the Central Bank of the UAE, the Federal Authority for Identity, Citizenship, Customs and Port Security and Abu Dhabi Commercial Bank, gives non-resident visitors a verified digital identity after arrival. That identity can be used […]
British Columbia fusion developer General Fusion is weighing a Toronto Stock Exchange listing alongside its planned Nasdaq debut, a move that would give Canadian investors a direct public-market route into one of the most closely watched private energy technologies. Vancouver-headquartered General Fusion, backed over the years by investors linked to Jeff Bezos and Shopify founder Tobias Lütke, is preparing to go public through a business combination with […]
Bangladesh Bank has launched a 600 billion-taka support package to revive closed factories, expand credit to small businesses and lift growth after a prolonged slowdown in production, exports and private investment. Governor Md Mostaqur Rahman announced the programme at the central bank headquarters in Dhaka, setting out a refinancing and support structure aimed at restoring industrial capacity, creating jobs and easing pressure on businesses hit by high […]
Dogecoin’s volatile online following has seized on a playful remark by co-creator Billy Markus after he floated the idea of a $20 trillion valuation for DOGE, reigniting speculative debate around the meme token even as its market price remains near a fraction of its 2021 peak. Markus, who posts on X under the name Shibetoshi Nakamoto, is known for sharp, ironic commentary on cryptocurrency culture. His latest […]
Abu Dhabi’s International Holding Company has completed a Dhs110m transaction using DDSC on ADI Chain, marking one of the first live institutional-scale tests of a UAE dirham-backed stablecoin on a regulated blockchain infrastructure. The transfer, valued at about $30m, was executed on ADI Chain, an institutional Layer-2 blockchain developed by ADI Foundation. DDSC is designed as a digital payment token backed one-for-one by UAE dirham reserves, positioning […]
Abu Dhabi has cast its departure from OPEC as a strategic move to protect national revenue before global oil demand enters a long-term decline, marking one of the sharpest shifts in Gulf energy policy in decades. The UAE ended nearly 60 years of membership in the Organization of the Petroleum Exporting Countries on May 1, stepping away from both OPEC and the wider OPEC+ framework after years […]
Arabian Post Staff -Dubai Brazilian refiner Acelen has secured $1.5 billion to begin construction of a major biofuels refinery in Bahia, advancing Abu Dhabi’s Mubadala-backed strategy to build a large-scale renewable fuels platform in Latin America. The project, led by Acelen Renováveis, is expected to start operations in 2029 and produce up to 1 billion litres a year of sustainable aviation fuel and renewable diesel. The financing […]
Arabian Post Staff -Dubai Abu Dhabi’s exit from OPEC has placed the UAE at the centre of a wider debate over how Gulf producers should manage oil wealth as long-term demand faces pressure from the energy transition. Anwar Gargash, diplomatic adviser to President Sheikh Mohamed bin Zayed Al Nahyan, said the decision was shaped over three years and reflected the leadership’s view that the world is approaching […]
Arabian Post Staff -Dubai Islamabad has moved to contain a political storm over deportations of Pakistani nationals from the United Arab Emirates, after opposition lawmakers accused the government of failing to protect workers who they said had been detained, expelled and denied access to savings and belongings. Parliamentary Affairs Minister Tariq Fazal Chaudhry told the Senate that 3,494 Pakistani citizens had been deported from the UAE between […]
OKX is moving beyond digital assets into oil-linked derivatives through a partnership with Intercontinental Exchange, marking a fresh step in the convergence of crypto trading platforms and traditional commodity markets. The crypto exchange plans to introduce perpetual futures contracts tied to ICE Brent Crude and ICE WTI Crude benchmarks, giving eligible users exposure to two of the world’s most closely watched oil price references without using conventional […]
Dubai motorists will pay 5 per cent value-added tax on public parking and Salik toll services from June 1, 2026, in a shift that will raise daily transport costs while accelerating the emirate’s move towards digital payments. Parkin Company PJSC, Dubai’s main paid parking operator, will apply VAT across its services, including on-street parking, off-street parking, seasonal cards, permits and reservation services. Salik Company PJSC will apply […]
Google and Blackstone have agreed to create a $5 billion TPU-powered cloud company, widening the battle for artificial intelligence infrastructure as enterprises seek alternatives to graphics processing units that dominate AI training and inference. The US-based venture will offer data centre capacity, operations, networking and Google Cloud’s Tensor Processing Units through a compute-as-a-service model. Blackstone is making the initial equity commitment, with the first 500 megawatts of […]
Dr. Chana Poomee, Honourary Chairman of TCMA and President of ASEAN Federation of Cement Manufacturers (AFCM), stated that today’s “National Milestone” reflects the power of collaboration at both national and international levels. The initiative is led by the United Nations Industrial Development Organization (UNIDO), in partnership with TCMA and key Thai government agencies, including the Department of Climate Change and Environment and the Department of Industrial Works, with financial support of CAD 8 million from the Government of Canada through Environment and Climate Change Canada (ECCC), to accelerate tangible greenhouse gas reductions in the cement and concrete sector.
TCMA, as the industry representative, serves as a central platform connecting stakeholders across the entire value chain, driving the implementation of the “Thailand 2050 Net Zero Cement and Concrete Roadmap.” This aligns with Thailand’s NDC 3.0 targets, strengthening industrial competitiveness, attracting green investment, and fostering sustainable economic growth.
“Decarbonization is not only a pressing challenge but also a strategic opportunity to enhance national competitiveness. The progress achieved under this project spans policy development, innovation, technology deployment, standards, and capacity building-key enablers that will accelerate the industry’s transition toward Net Zero”, Dr. Chana said.
A key technological advancement under the project is the introduction of the Mobile Carbon Capture Unit (MCCU) from CETRI, Canada. This advanced and flexible technology is designed for real-world industrial operations and will be piloted starting in June, rotating across cement plants of TCMA members in the SARABURI SANDBOX. The pilot aims to validate performance under diverse operational conditions and pave the way for large-scale industrial application.
“The deployment of MCCU in Thailand highlights the strength of international collaboration in bringing advanced technologies into real-world application. It accelerates learning-by-doing, validates technological performance, strengthens local technical capabilities, and reduces investment risks-laying a strong foundation for future scale-up”,
Dr. Chana added.
From an investment perspective, the development of technology-ready and standards-aligned projects enhances investor confidence, increases the attractiveness of green investment, and improves access to sustainable finance-key drivers in accelerating the industry’s transition to Net Zero.
TCMA continues to advance the industry under a “Collaborative Mindset-Action-Value,” promoting the systematic adoption of low carbon technologies, including low carbon cement innovations such as Limestone Calcined Clay Cement (LC3), Carbon Capture, Utilization and Storage (CCUS). These solutions not only reduce emissions but also improve efficiency, lower long-term costs, and strengthen global competitiveness.
At the regional level, TCMA is expanding its role through AFCM by fostering collaboration and advancing the AFCM Decarbonization Roadmap, which serves as a shared framework to reduce carbon emissions across ASEAN’s cement industry while enhancing regional technology, standards, and competitiveness.
“As President of the AFCM, TCMA is committed to driving ASEAN toward becoming a low carbon region by leveraging collaboration as a key mechanism to accelerate technology transfer, strengthen the industry capabilities, and unlock new regional economic opportunities”,
Dr. Chana said.
TCMA reaffirmed its commitment to strengthening collaboration and welcoming international support in both technology and finance to accelerate the transition toward a low carbon industry, while enhancing Thailand’s competitiveness on the global stage.
Hashtag: #TCMA #CementActionToNetZero #NetZero2050 #Decarbonization
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