The U.S. will keep the current 27.5% tariffs on automobiles from the EU until the 27-nation bloc moves to reduce levies on a variety of U.S. goods

Nvidia's CEO is visiting Taipei to meet with TSMC and discuss potential collaborations. The talks also involve discussions with the US regarding new chip developments related to China.

Editor’s Note: This visit highlights the growing importance of semiconductor partnerships in the tech industry, especially amid geopolitical tensions. Nvidia's engagement with TSMC and the US could lead to advancements in chip technology and strengthen supply chains.

OpenAI is set to open its first office in New Delhi, India, later this year, marking a significant expansion into the Indian market.

Editor’s Note: This move is important as it highlights OpenAI's commitment to growing its presence in Asia, tapping into the region's tech talent and innovation potential.

CapitaLand Investment Ltd. is exploring the possibility of providing rescue capital to listed companies in Hong Kong, anticipating that they could benefit from a recovery in the struggling property market.

Editor’s Note: This move is significant as it highlights CapitaLand's proactive approach to support Hong Kong firms during challenging times. If the property market rebounds, these investments could lead to substantial growth and stability in the region.

Trading in Chinese lithium futures has increased significantly due to rising volatility and concerns about supply uncertainty. Investors are actively engaging in the market as speculation grows.

Editor’s Note: This surge in trading activity is important as it reflects investor confidence and the dynamic nature of the lithium market, which is crucial for various industries, including electric vehicles and renewable energy.

A parliamentary inquiry in New Zealand recommends that the Reserve Bank of New Zealand (RBNZ) create a prudential policy committee and appoint board members with expertise in bank regulation to enhance competition in the banking sector.

Editor’s Note: This recommendation is significant as it aims to improve banking competition in New Zealand, which could lead to better services and rates for consumers. Strengthening the RBNZ's governance could help address concerns about the current banking landscape.