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1. Indiana Republicans defy Trump to reject new electoral map

   The Indiana Senate on Thursday rejected a new congressional map that would have boosted Republican chances of keeping control of the US House of Representatives in next year’s midterm elections, dealing a blow to President Donald Trump’s nationwide push to install more favourable maps. The vote represented a rare rebuke to Trump by members of his own party, which he has largely ruled with an...

2. AI stock opportunities lie in ‘battleground’ sectors, not ‘titans’, BofA Securities says

   Global investors should shift their focus from Asia’s dominant AI hardware “titans” to a growing group of mid-cap “battleground” sectors that offer stronger growth potential amid intensifying competition, according to BofA Securities. In a report, analysts from the Bank of America investment banking arm mapped more than 330 Asian stocks across 22 subsectors in the artificial intelligence...

3. Trump and Modi have ‘warm’ phone call – but 2025 unlikely to end with a trade deal

   Despite a high-level phone call between US President Donald Trump and Indian Prime Minister Narendra Modi on Thursday, 2025 is likely to end without the long-promised US-India trade deal, as the “America first” leader continues to stall the agreement while working to cement improved ties with Beijing. The call came just days after Modi hosted Russian President Vladimir Putin. While the Indian...

4. ‘Crypto king’ Do Kwon gets 15 years in prison for misleading investors who lost billions

   One-time cryptocurrency mogul Do Kwon was sentenced on Thursday to 15 years in prison after a US$40 billion crash revealed his crypto ecosystem to be a fraud. Victims said the 34-year-old financial technology whiz weaponised their trust to convince them that the investment – secretly propped up by cash infusions – was safe. Kwon, a Stanford graduate known by some as “the cryptocurrency king”,...

5. Why South Korea poses a major challenge to China’s Middle East arms sales drive

   Rising tensions in the Middle East despite the fragile ceasefire agreement in Gaza are continuing to fuel demands for arms in a region where China has emerged as a major supplier. As well as supplying drones and missiles, China is looking to expand its offering into advanced weapons systems, such as fighter jets, but is facing increasing competition from a near neighbour: South Korea. While both...

6. US Justice Department fails again to reindict Letitia James, in blow to Trump

   A grand jury declined for a second time to reindict New York Attorney General Letitia James on Thursday, refusing to resurrect a mortgage fraud prosecution encouraged by US President Donald Trump, according to a person familiar with the matter. It is another major blow to the Justice Department after the dismissal of earlier charges against James and another long-time Trump foe, former FBI...

7. How Pakistan’s rising confidence could shape a cooperative South Asia

   At the Islamabad Conclave earlier this month, Ishaq Dar, Pakistan’s deputy prime minister and foreign minister, urged a rethink of how South Asia approaches security, trade, climate and connectivity. He called for practical cooperation, disaster response mechanisms and economic integration rather than allowing old rivalries to dictate every interaction. This reimagined vision for South Asia...

8. Seized tanker to be taken to US port, as Venezuela war threats grow

   An oil tanker seized by American forces off the Venezuelan coast will be brought to a port in the United States, the White House said on Thursday, as fears mount of open conflict between the two countries. Washington took control of the tanker in a dramatic raid that saw US forces rope down from a helicopter onto the vessel in an operation that Homeland Security Secretary Kristi Noem said was...

9. Fill US Arctic affairs post to halt China and Russia’s rise, senior Democrat urges Rubio

   The senior Democrat on a US congressional committee focused on China is urging Secretary of State Marco Rubio to fill the State Department’s vacant post for Arctic affairs, citing intensifying competition with Beijing and adding to growing pressure to address the vacancy. The Ambassador-at-Large for Arctic Affairs leads US engagement with the eight-country Arctic Council and coordinates American...

10. Mexico slaps tariffs of up to 50% on Chinese goods as US trade pact review looms

    Mexican President Claudia Sheinbaum on Thursday defended her government’s decision to impose new import tariffs, hours after the Senate approved legislation allowing duties of up to 50 per cent on more than 1,400 products from Asian countries. The measure, widely seen as aimed at curbing Chinese imports, comes as Mexico prepares for a review of its trade agreement with the United States and...