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Amazon's dominance in e-commerce and cloud services contrasts sharply with the growing influence of SpaceX and Starlink in the space sector, where concerns about monopolization and national security are rising. With over half of the satellites in orbit owned by Starlink, the risks of corporate control over space services are becoming increasingly apparent, prompting fears of vulnerabilities in national security and competition stifling. Critics highlight SpaceX's aggressive tactics against competitors, raising alarms about the implications of a single company controlling essential space infrastructure.
Deutsche Bank has raised its price target for Goodyear Tire & Rubber to $14 from $13 while maintaining a Buy rating. Goodyear develops, manufactures, and sells tires for various applications and operates around 950 retail outlets globally, offering products and services to both consumer and commercial customers. The company produces a wide range of tires under several brands, including Goodyear, Cooper, and Dunlop, across 53 manufacturing facilities in 20 countries.
Tech in Asia and The Business Times are hosting the inaugural Asia Economic Summit, uniting leaders from various sectors to address business challenges in the region. The event features prominent figures like Andre Djokosoetono and Jixun Foo, with early bird tickets available until April 14.Cinch, a Singapore startup, is revolutionizing gadget access through a device-as-a-service model, allowing businesses to rent devices and reduce upfront costs. Meanwhile, Ant International has expanded its payment services in Sri Lanka, partnering with LankaPay to facilitate cross-border mobile payments, enhancing local merchant opportunities and tourist experiences.
The UAE, India, and Sri Lanka have signed a Memorandum of Understanding to transform Trincomalee into a regional energy hub, refurbishing the historic oil tank farm and exploring new refinery construction. A joint venture will oversee projects, including a bi-directional petroleum pipeline to enhance fuel logistics. This initiative aims to strengthen energy security and economic ties amid growing regional competition, particularly from China.
Alipay+ has officially launched its services in Sri Lanka, marking a significant expansion of its digital payment solutions in the region. This move aims to enhance financial inclusion and provide local businesses with access to a broader customer base through seamless payment options.
The global debt crisis is intensifying, with developing nations facing unprecedented challenges as their external debt reached $11.4 trillion in 2023, consuming more than their export earnings. Countries like Sri Lanka and Pakistan exemplify the dire consequences of unsustainable borrowing, leading to defaults and economic turmoil. Urgent reforms and innovative solutions, such as debt-for-climate swaps, are essential for fostering sustainable development and financial stability amidst rising global trade uncertainties.
HSBC's restructuring of its Asia division has resulted in a significant loss of senior roles for women, with only two out of 15 new positions going to female executives. Notable departures include Christina Ma and Amanda Murphy, while the majority of top roles in key markets were filled by men. Despite this, HSBC maintains that diversity remains a priority, with women holding 34.6% of senior leadership roles in 2024, a slight increase from the previous year.
HSBC's restructuring has resulted in a significant loss of senior roles for women in Asia, with only two out of 15 positions filled by female executives. Notable departures include Christina Ma and Amanda Murphy, while the bank's CEO emphasizes diversity as a priority despite the recent appointments favoring men. Overall, women hold 34.6% of senior leadership roles at HSBC, a slight increase from the previous year.
HSBC's recent restructuring in its corporate and institutional banking division has led to a decline in women's representation in senior roles across Asia, with only two out of 15 appointments going to women. Notable female leaders, including Christina Ma and Amanda Murphy, lost out in the reorganization, prompting internal discussions about diversity. Despite this, HSBC maintains a commitment to diversity, with women holding 34.6% of senior leadership positions overall, slightly up from the previous year.
Mediterranean Shipping Co. has launched the "Clanga" line at Jubail Commercial Port, enhancing trade links between Saudi Arabia and East Asia. This service connects Jubail with key ports including Dammam, Singapore, Shanghai, and Colombo, with a capacity of 6,000 TEU, aiming to boost foreign investment and improve supply chain efficiency. The initiative supports Saudi Arabia's goal of becoming a global logistics hub and strengthens its position in international trade, particularly for industrial and petrochemical exports.
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the rise of monopolies in space and their implications for national security
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Deutsche Bank raises Goodyear price target while maintaining buy rating
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