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In May 2025, MENA startups raised $289 million across 44 deals, a 25% increase from April, with Egypt leading at $125 million, including Nawy's $75 million round. Fintech dominated funding with $86.5 million, while AI startups lagged, securing only $25 million. The funding landscape revealed a significant gender gap, with male-founded startups receiving 82% of the capital.
Saudi Arabia is set to place multi-billion-dollar orders for Airbus aircraft as part of its strategy to diversify its aviation partnerships and enhance its presence in the rapidly growing Gulf aviation sector. State-owned AviLease is in talks to acquire around 30 Airbus A320neo jets and is also considering Airbus A350 freighters. Meanwhile, Riyadh Air is leaning towards the Airbus A350 for its wide-body fleet, potentially ordering up to 50 aircraft, while maintaining a balance with Boeing following recent significant orders.
China has accused the US of violating a trade agreement and plans to take action to protect its interests, criticizing new US restrictions on AI chip exports and student visas. The ongoing trade tensions reflect a historical pattern of temporary deals followed by renewed conflicts, highlighting deeper structural issues in US-China relations. This multifaceted rivalry now extends beyond trade to encompass technology and geopolitical concerns, particularly regarding Taiwan.
Japan’s Nikkei share average fell 1.3% to 37,470.67 amid concerns over escalating U.S.-China trade tensions and a stronger yen, which negatively impacted automakers. The yen rose 0.6% against the dollar, further pressuring exporter stocks, while the auto sector and chip-related shares saw significant declines. T&D Holdings, however, gained 4% following news of an activist investor acquiring a stake in the company.
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The airline industry's goal of achieving net-zero carbon emissions by 2050 is now threatened by climate-sceptic policies, particularly those from US leadership favoring fossil fuels, according to the International Air Transport Association (IATA). Marie Owens Thomsen, IATA's senior vice president for sustainability, noted that recent regulatory rollbacks pose significant setbacks but do not completely derail the industry's commitment to decarbonisation.
Japanese Prime Minister Shigeru Ishiba is contemplating a visit to Washington to discuss trade tariffs with President Donald Trump ahead of the G7 summit. This comes as Japan seeks to avoid a 24% reciprocal tariff on its exports and an exemption for its automotive industry from a proposed 25% tariff. The negotiations reflect ongoing trade tensions reminiscent of past US-Japan relations, with significant implications for both economies and their strategic alliance.
Traders are increasingly adopting quick, short-term profit-taking strategies due to the volatility caused by US President Donald Trump’s trade tariffs. Arrash Yasavolian, CEO of the Taoshi AI-enhanced trading platform, noted that these tariffs have led to significant market fluctuations, making trading more challenging.
Nvidia reported a remarkable 69% sales growth but cautioned about increasing risks from the US-China tech conflict. In its quarterly filing, the company highlighted potential impacts from restrictions on open-source AI models from China and US regulations affecting connected vehicle technology. CEO Huang also expressed praise for Trump amidst these challenges.
Germany is considering a 10% tax on major online platforms such as Google and Facebook, as stated by the new culture minister. This proposal could escalate trade tensions with the Trump administration, especially as Chancellor Friedrich Merz plans a visit to Washington to meet President Trump, who opposes foreign governments taxing American companies.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
mena startups secure 289 million in may with fintech leading funding
15:07 02.06.2025
Saudi Arabia diversifies aviation fleet with multi-billion dollar Airbus orders
11:13 02.06.2025
China accuses US of trade agreement violation and plans retaliatory measures
09:50 02.06.2025
Nikkei declines amid US-China trade tensions and stronger yen
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09:17 02.06.2025
asia manufacturing activity declines amid us tariff impacts and trade uncertainty
08:50 02.06.2025
airline industry's 2050 decarbonisation goal threatened by climate sceptic policies
07:15 02.06.2025
Japan's Prime Minister Considers Visit to Trump for Tariff Negotiations
04:50 02.06.2025
traders adopt short-term strategies amid increasing tariff-driven market volatility
00:15 02.06.2025
Nvidia warns of China risks while praising Trump amid sales growth
22:47 01.06.2025
Germany proposes 10 percent tax on major online platforms like Google and Facebook
21:50 01.06.2025
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