Governments and central banks in emerging East Asia must remain vigilant against potential financial risks associated with higher interest rates, warns a report by the Asian Development Bank (ADB).
Category: The World In Brief
Geopolitical Shift: US Imports Favor Mexico over China
In a significant shift, the US is now importing more goods from Mexico than China, marking the first time since 2003, due to increased economic tensions and geopolitical factors.
Cambodia’s Scam Stigma Stalls Tourism Rebound, Chinese Visitors Stay Cautious
Cambodia’s tourism industry, heavily reliant on Chinese visitors, is facing a significant setback due to its association with online scam syndicates.
Ant Group Boosts Financial AI and Embraces Web3 Expansion
Ant Group, a leading Chinese fintech company, has made significant moves to expand its presence in the financial sector. It has unveiled its own large language model (LLM), a technology used in training chatbots like ChatGPT, and introduced a new Web3 brand targeting Hong Kong and overseas markets.