Bluesky is under scrutiny for failing to disclose key details and potentially violating EU regulations, but regulators claim they lack the authority to oversee the platform because it isn’t classified as a “very large online platform” under the EU’s Digital Services Act (DSA). Founded in 2019, Bluesky was initially funded by Twitter founder Jack Dorsey. … Read more
Global Impact is a weekly curated newsletter featuring a news topic originating in China with a significant macro impact for our newsreaders around the world. Sign up now! The re-election of Donald Trump as US president earlier this month brought with it fresh challenges and opportunities in the Asia-Pacific region, where several countries have also … Read more
ByteDance-owned TikTok Chief Executive Officer Chew Shou Zi has sought input on US matters from Elon Musk, a close adviser to US president-elect Donald Trump, The Wall Street Journal reported on Saturday citing people familiar with the matter. Chew initiated messages with the Tesla CEO in recent weeks and asked for his opinions on topics … Read more
I suppose I should start with the obligatory caveat – for anyone out there who may suffer from acute TDS (Trump Derangement Syndrome). Let me be clear: I am NOT a Donald Trump fan…and that’s putting it politely. Then again, I’m not a Joe Biden, Kamala Harris, Barack Obama or Hillary Clinton fan either. They’re … Read more
Bitcoin’s rally has gained impressive momentum since Donald Trump’s victory, driving the cryptocurrency to new all-time highs (ATH). Following Trump’s win, Bitcoin surged over 30%, peaking at an ATH of $89,956 and maintaining a bullish trend since then. However, after reaching the record high of $89,956 on Tuesday, Bitcoin saw some profit-taking on Wednesday. As … Read more
Billionaire Elon Musk took a wild gamble backing Donald Trump’s White House candidacy, but the bet has paid off – at least for now – with the US president-elect handing him an outsized role to overhaul the government. Juggle his new role Musk said before the election that a new “Department of Government Efficiency” would … Read more
Global Impact is a weekly curated newsletter featuring a news topic originating in China with a significant macro impact for our newsreaders around the world. Sign up now! Ahead of the US election, the world was bracing itself for a long, uncertain period during which America might descend into violence as a power struggle between … Read more
Trump will likely try to resume his relationship with Kim in his second term. This sets up a situation where the United States favours a dictatorship over a treaty ally in its foreign policy. That would be a shift more remarkable than the coming abandonment of Ukraine, which is not a formal US ally. Trump … Read more
IMPACT OF US-CHINA RIVALRY Mr Trump is expected to double down on trade regulations on key technologies, especially on Beijing’s access to semiconductors. The move has benefited Southeast Asian countries, including Singapore and neighbouring Malaysia, as businesses diversify their supply chain and manufacturing activities beyond China. However, Dr Ang cautioned wariness as Mr Trump’s hawkish … Read more
World leaders were quick to praise Donald Trump after he claimed a stunning US election victory over Kamala Harris on Wednesday. For the latest US election news, bookmark The South African website’s dedicated section for free-to-read content Financial markets also rose – as did the price of Bitcoin and several other cryptocurrencies. The table below depicts the rand exchange rate against five other major … Read more
