High-Flyer, the AI quant fund behind China’s DeepSeek

Quantitative hedge fund, High-Flyer, built a 100 billion yuan ($13.79 billion) portfolio using artificial intelligence models to make investment decisions, but in 2023 decided to change track to focus on developing the most cutting-edge AI. In a post on its official WeChat account, Hangzhou Huanfang Technology Ltd Co., as the company is officially called, said […]

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More Indians losing hope of improved quality of life under Modi, survey shows

More Indians are becoming less hopeful about their quality of life as stagnant wages and higher living costs cloud future prospects, a survey showed, in disappointing news for Prime Minister Narendra Modi ahead of this week’s annual budget. More than 37% of respondents in a pre-budget survey said they expect the overall quality of life […]

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India’s Adani Power posts smaller Q3 core profit as demand drops; to raise 50 bln rupees

India’s Adani Power (ADAN.NS), opens new tab posted a smaller quarterly core profit on Wednesday due to a sharp drop in power demand and the thermal power producer also said it would raise 50 billion rupees ($578 million) by selling shares to institutional investors. The company, part of billionaire Gautam Adani-led Adani Group, said besides […]

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Industrial Output of Mongolia Increased by MNT 1.5 Trillion in 2024

According to the preliminary results, the total production of the mining and extractive sector of Mongolia reached MNT 22.8 trillion in 2024, an increase of MNT 1.2 trillion compared to 2023. Specifically: The production of bituminous coal and lignite increased by MNT 834.7 billion, The production of metal ore increased by MNT 509.1 trillion, or […]

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Uzbekistan to impose import duty on number of drugs

President signed Measures to accelerate the development of the pharmaceutical industry Decree introducing import duties on certain types of medicines Tuesday. The Decree has amended the June 29, 2018 Resolution, which had set customs duties for imported goods. In particular, if for goods under 3004 HS code, the duty was at 0%, now it will […]

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Concerns Grow Over Rising Poverty Amid Aid Agency Closures

The shutdown of 50 aid organizations, alongside the suspension of humanitarian assistance in recent days, has raised serious concerns in the country. Some experts warn that if the operations of aid organizations are permanently halted, the poverty crisis in Afghanistan will worsen. They also believe that continuing such decisions is a complete violation of human […]

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Donald Trump Pauses Foreign Assistance To Pakistan, Key Projects Hit: Report

The US has temporarily suspended foreign assistance to Pakistan for re-evaluation following an executive order issued by President Donald Trump, according to a media report on Tuesday. This move has instantly stopped a number of important United States Agency For International Development (USAID) projects in Pakistan, including the Ambassadors Fund for Cultural Preservation (AFCP), which […]

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Morocco, Maldives Eye Stronger Bilateral Ties

Morocco and the Maldives held high-level talks aimed at strengthening bilateral cooperation, with discussions spanning culture, sustainable development, and economic exchanges. Moroccan Ambassador Mohamed Maliki, based in New Delhi, met with senior Maldivian officials, including Foreign Minister Abdulla Khaleel, Islamic Affairs Minister Mohammed Shaheem Ali Saeed, and Transport Minister Mohamed Ameen during his visit to […]

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Current policy rate sufficient to bring inflation back to 5% target: CBSL

In line with widespread expectations, the Central Bank kept its Overnight Policy Rate (OPR) — its new key policy rate — at 8.00 percent at its first policy meeting of the year. This decision was made with confidence that inflation will return to the medium-term target of 5 percent by the third quarter of this […]

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Punakha introduces night and evening rafting adventure

Punakha— As the calm waters of the Punatshangchhu shimmer under the moonlight, tourists enjoy a unique experience—night and evening river rafting. This adventure combines excitement and serenity, showcasing Punakha’s beauty under a starlit sky. My Bhutan, currently the only authorised travel agent in the country, has been granted exclusive rights to conduct night rafting. The […]

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