Today's Emerging Markets Pulse
India and U.S. forge $20 billion critical minerals framework
India and the United States signed a bilateral framework in New Delhi on May 26 to cooperate on critical minerals and rare‑earth supply chains. The pact covers mining, processing, recycling and project financing and could mobilise up to $20 billion, tapping India’s estimated 13 million tonnes of monazite deposits.
Entire Financial Sector Steps Firmly Into a New Spring
Vietnam’s finance ministry reported a record $106.6 bn state budget revenue in 2025, surpassing forecasts by 35.5 %. The ministry issued 144 circulars—about a quarter of all national normative documents—while rolling out 28 laws and 86 decrees to support digital transformation, new financial products and an international financial centre. A $44 bn public investment plan boosted the stock market and attracted foreign capital, even as the sector completed a sweeping organisational consolidation. Looking ahead, the ministry outlined six priority groups for 2026‑2030, emphasizing digital assets, green bonds and market deepening.
Deloitte: 95% of Indian Consumers Will Pay for SDVs
Deloitte’s 2026 Global Automotive Consumer Study reveals that 95% of Indian car buyers are ready to pay extra for software‑defined vehicle (SDV) capabilities such as safety, security and health monitoring. The same respondents view SDVs as helpful (81%) and are...
China’s Digital Yuan and the Fight for Southeast Asia’s Financial Infrastructure
China is accelerating the rollout of its interest‑bearing digital yuan (e‑CNY) across Southeast Asia, launching cross‑border pilots such as the China‑Laos settlement system and expanding access through commercial banks. The People’s Bank of China’s new management framework aims to turn...
Expectations Are Low for the Latest US-Brokered Talks Between Russia and Ukraine
Ukrainian and Russian delegations met in Geneva for U.S.-brokered talks, but expectations are low that they will produce a breakthrough before the war's fourth anniversary. Both sides remain entrenched on territorial demands, with Russia insisting on broader land claims and...
Europe’s Next War
Europe faces heightened risk of a broader NATO‑Russia confrontation as the Ukraine war drags on. Over the past four years, NATO allies have poured hundreds of billions of dollars in military, economic, and humanitarian aid into Ukraine, while European nations...
Ukraine and the New Way of War
Four years after Russia’s full‑scale invasion, the Ukraine war has defied early forecasts by persisting far longer and costing both sides more than anticipated. Kyiv’s ability to adapt, innovate militarily, and marshal extensive U.S., European, and global support has been...
Fertility News This Month
In this episode the host curates a monthly roundup of quirky fertility news, focusing on pronatalist policies in Chile and Thailand. They critique Chile’s new "Plan Renace"—a baby‑bonus and tax‑break scheme championed by politician Kast—arguing that such incentives target later...
Cambodia's Payment System Outsourced Abroad Threatens Sovereignty
🇰🇭#Cambodia's payment infrastructure: Outsourced to overseas vendors, platforms and foreign-owned banks. How to maintain the country's sovereignity?
How Bad Bunny’s Power Pole Dance Spotlighted the Colonial Legacy of Energy Poverty
Bad Bunny’s Super Bowl pole‑dance performance turned a global stage into a protest against Puerto Rico’s chronic power outages. The artist highlighted how the island’s unreliable grid is a direct legacy of U.S. colonial energy policies that deny residents federal...
China Shifts Reserves to State Banks, Boosts Returns
Beijing really just outsourced its reserves to its state banks, and shifted out of US custodians High return on investment tho. Tons of folks swallow the fall in reported Treasury holdings hook, line and sinker https://t.co/MKw3EJlSuR
Walmart’s Sam’s Club Cracks China Market Formula Even as Foreign Retailers Shut Shop
Walmart‑owned Sam’s Club is expanding in China by deepening localisation, offering China‑specific products such as ginseng, copper‑gourd ornaments, and right‑sized private‑label packs. The chain opened ten new stores in 2025, bringing its footprint to 63 locations and shifting focus to...
Dizon Plans Procurement Overhaul to Lure ‘Legitimate’ Builders Back to DPWH
The Philippine Department of Public Works and Highways (DPWH) will adopt a fast‑track procurement system modeled on the Board of Investments' "green lane" to lure reputable builders back after recent flood‑control contract scandals. Secretary Vince Dizon said the new process...
2025 Year-End Bonuses Shrink, Uneven Amid Economic Slowdown
1/2 SCMP: "Long viewed by Chinese employees as a barometer of corporate prospects, industry momentum and even the broader economy, the year-end bonus packages for 2025 have become smaller, rarer and far more unevenly distributed, amid slowing... https://t.co/MFbnMtmZdY
JICA Mulls Resuming ODA Loans to Pakistan After Decadelong Hiatus
Japan International Cooperation Agency (JICA) is weighing a restart of official development assistance (ODA) loans to Pakistan after a ten‑year hiatus. The move reflects improving macro‑economic indicators, including steadier growth and reduced fiscal stress. JICA’s decision will be coordinated with...
Vietnam's Airports, Money Controls Said to Deter Tech Investors
Vietnam’s startup funding has slowed as investors cite cross‑border frictions, notably congested airports and strict capital controls. The newly opened Long Thanh International Airport is intended to ease Ho Chi Minh City’s traffic but has yet to deliver full relief....
Copper Becomes BHP's Biggest Earner as Profits Soar
BHP reported that copper now accounts for the majority of its earnings for the first time, propelling a sharp rise in six‑month profit and revenue. The miner’s shift away from iron ore, which is suffering from weaker Chinese demand, has...
Mayor Isko Leads Chinese New Year Countdown in Binondo
Manila Mayor Francisco “Isko” Moreno Domagoso led the Chinese New Year countdown in Binondo, welcoming Chinese Ambassador Jing Quan and highlighting deepening Philippines‑China ties. He announced that new flights to Cebu will boost tourism, jobs, and business, and reported a...
China's Hidden Bank Interventions Hit $800B Annual Record
The annualized measures of Chinese intervention over the last 3ms that capture backdoor intervention by the state banks are at all time highs in dollar terms -- over $200b a quarter/ over $800b annualized https://t.co/7vlh3tf4CX
Dangote Signs $400 Million Equipment Deal to Fast-Track Refinery Expansion and Boost Petrochemical Capacity
Dangote Group has inked a $400 million deal with China’s XCMG to acquire heavy‑construction equipment that will fast‑track the expansion of its petroleum refinery from 650,000 to 1.4 million barrels per day. The upgrade will also boost petrochemical outputs, including polypropylene, urea...
Real vs Technical Inflation: Which Should Guide Monetary Policy in Nigeria?
Nigeria’s National Bureau of Statistics rebased its Consumer Price Index to a 2024 base year, pulling headline inflation down from 24.48% in January 2025 to 15.15% by December 2025. Critics argue the technical decline masks persistent real inflation, with food prices still...
Thailand Market Hit Bottom Mid‑2025, Faber Predicted
While everyone continues to be bearish on Thailand, the index quietly bottomed in mid-2025. Marc Faber called it, almost perfectly. https://t.co/TfCZRnhSG7
What Nigeria’s Economy Optimises for — Without Admitting It
Nigeria’s economy is structured to reward navigating bureaucratic friction rather than boosting productivity, efficiency, or innovation. World Bank data shows firms spend over 40% more time on regulations than the regional average, creating a thriving informal ecosystem of brokers, fixers...
EFCC Quizzes El-Rufai, Defends Use of Tear Gas on Protesters
Nigeria’s Economic and Financial Crimes Commission (EFCC) summoned former Kaduna governor Nasiru El‑Rufai for questioning over alleged mismanagement of public funds during his 2015‑2023 tenure. While El‑Rufai complied, supporters stormed the EFCC headquarters in Abuja, prompting operatives to deploy tear gas...
Uganda’s Ports Crippled by Encroachment and Neglect
Uganda’s eight lake ports, managed by state‑owned Uganda Railways Corporation, are crippled by illegal land encroachments, military occupations, and climate‑related water level shifts. Key facilities such as Port Bell and Lambu Port face stalled redevelopment despite an African Development Bank...
The Rise of the “Central” Bloc? How Türkiye and Saudi Arabia May Build a New Third Channel for Global Defence...
Turkey and Saudi Arabia concluded a series of defence‑industrial accords in February 2026, covering a fifth‑generation fighter, a utility helicopter, and unmanned naval platforms. The agreements were sealed during President Erdoğan’s Riyadh visit and include a joint KAAN fighter investment...
India's Textile and Apparel Exports Down by 3.75% in January, Outlook Improves Now with India US Interim Deal
India's textile and apparel exports fell 3.75% in January 2026, dropping to $3.27 billion from $3.40 billion a year earlier, primarily due to U.S. tariffs that remained until February 7. Cotton yarn, fabrics and handloom products declined over 4%, while carpet and jute...
Lebanon Says Four Months Needed for Second Phase of Hezbollah Disarmament
Lebanon’s government announced that its army will need at least four months to complete the second phase of the five‑stage plan to dismantle Hezbollah’s arsenals south of the Litani River. The phase targets the corridor between the Litani and Awali...
Russia-Ukraine War: List of Key Events, Day 1,454
Ukraine reclaimed roughly 201 sq km of territory after a Russian Starlink communications outage, while Russia reported downing 345 Ukrainian drones and launching 62 long‑range strike drones overnight. The Czech Republic supplied 4.4 million rounds of large‑calibre ammunition to bolster Kyiv’s firepower. Diplomatic...
Lundin Bags More Credit for Copper Project
Lundin Mining secured an additional credit facility to fund its flagship copper development, expanding the financing previously arranged for the project. The new credit line, sourced from a syndicate of international banks, adds $500 million to the existing $1.2 billion pool,...
Indonesia Readies 1,000 Soldiers for Potential Deployment to Gaza in April
Indonesia may deploy 1,000 troops to Gaza as early as April, part of a UN‑mandated International Stabilization Force that could expand to 8,000 soldiers by June. The decision rests with President Prabowo Subianto, who is also set to attend President...
EU Weighs Sanctions on Georgia’s Kulevi Port over Suspected Russian Oil Links
The European Union is considering adding Georgia’s Black Sea port of Kulevi to its 20th sanctions package, accusing it of facilitating Russian crude shipments that fund the war in Ukraine. The draft targets four ports, marking the bloc’s first move...
ICYMI: China to Remove Tariffs on Imports From 53 African Nations From May 1
China will eliminate tariffs on imports from 53 African nations starting May 1, 2026, expanding the preferential regime beyond the continent’s least‑developed economies. The zero‑tariff policy applies to every African country that maintains diplomatic ties with Beijing and is paired with a...
Oracle Surges 12% While Apple, Amazon Tumble in Choppy Tech Week
Oracle surged 12% after unveiling a multi‑billion AI cloud infrastructure plan, bucking a week where all Magnificent 7 stocks fell year‑to‑date. Microsoft and Amazon slipped into bear‑market territory despite solid earnings, while Apple dropped nearly 8% on memory‑price margin worries. Nvidia...
Suriname's Oil Boom Faces Economic Headwinds Despite Major Discovery
Suriname’s GranMorgu project, a $10.5 billion offshore development by TotalEnergies and APA, targets 760 million barrels and is projected to generate $26 billion in revenue. The field is slated for commissioning in 2028, roughly twice the timeline Guyana achieved for its Stabroek Block....
Philippine “Revolut” Maya Eyes Up to $1 Billion US Listing
Philippine fintech Maya, an all‑in‑one digital banking app, is eyeing a U.S. IPO that could raise up to $1 billion. The platform now serves 5.4 million customers and disbursed 68 billion pesos ($1.2 bn) in loans in 2024. Its filing comes amid a volatile...
FM Nirmala Sitharaman to Push Biopharma, Semiconductor Missions in Norway
Finance Minister Nirmala Sitharaman arrived in Oslo to promote India’s Biopharma SHAKTI programme and Semiconductor Missions 2.0, seeking long‑term capital from Norwegian partners. She will meet Prime Minister Jonas Gahr Store, Finance Minister Jens Stoltenberg, and startup leaders at Oslo Science Park to showcase a ₹10,000‑crore,...
Unemployment Rate up a Tad to 5% in January, Higher Rise for Females
India’s unemployment rate ticked up to 5 % in January, a modest rise from 4.8 % in December. The increase was driven primarily by a sharper jump in female joblessness, which reached 5.6 % versus 4.8 % for men. Urban unemployment climbed to 7 %...
Congo Launches Phase 2 LNG Exports From Nguya FLNG Facility
The Republic of Congo has begun Phase 2 LNG exports from the new Nguya FLNG facility, boosting total project capacity to roughly 3 million metric tons per year. Operated by Eni, the unit was commissioned ahead of schedule and shipped its first...
Kinetic Treasury Arrives
J.P. Morgan’s Kinexys platform demonstrated kinetic treasury by instantly minting $40 million of stablecoins using a tokenized vacation‑home as collateral, freeing a semiconductor shipment for a Rotterdam logistics firm. The transaction bridged a retail client’s idle digital asset with an institutional...
Govt Plans ‘Champion CPSEs’ for Viksit Bharat by 2047, NITI Aayog Roadmap Soon
India is preparing a roadmap to create ‘champion’ central public sector enterprises (CPSEs) that will drive economic growth and technological advancement toward a developed nation status by 2047. The plan, drafted by NITI Aayog in coordination with the finance ministry,...
Ireland Leads Charge Against Biggest EU Economies Forming Elite Club
Ireland’s finance minister warned that the newly‑formed “E6” club of Europe’s six biggest economies could sideline smaller states as it pushes ahead on financial‑market integration, euro promotion and defence spending. The E6 – Germany, France, Italy, Spain, the Netherlands and...
Jamaica’s Edmund Bartlett May Be Rewriting the Rules of Global Tourism Power
Jamaica’s long‑standing tourism minister Edmund Bartlett has released *Destination Reputational Resilience*, a manifesto that places crisis‑ready reputation at the heart of tourism strategy. Co‑authored with Lloyd Waller and backed by a UN foreword, the book signals that resilience is moving...
BoI Approves B2.3bn Heat-Assisted Storage Project for WD Unit
Thailand’s Board of Investment has green‑lit a 2.3 billion‑baht research programme to develop heat‑assisted magnetic recording (HAMR) technology for Western Digital’s local unit. The initiative aims to produce hard‑disk drives capable of more than 100 TB of storage by 2029, leveraging laser‑heated...
State Firms Told to Avoid Borrowing when Investing
Thailand's finance ministry has instructed state‑owned enterprises to fund new investments primarily from internal revenues, limiting reliance on borrowing that is classified as public debt. The policy follows a backdrop where public debt stands at 66.1% of GDP, close to...
Economy Has 'Left ICU', Says Finance Chief
Thailand’s economy posted a surprising 2.5% GDP expansion in Q4 2025, outpacing the finance ministry’s 1.8% forecast and the NESDC’s 0.3% estimate. The stronger performance lifted full‑year 2025 growth to 2.4%, above the 2% target, and the finance chief now aims...
'We Do Not Do Illegal Things': Inside a U.S.-sanctioned Stablecoin Issuer's Race to Build a Crypto Giant
A7A5, a Kyrgyzstan‑incorporated ruble‑pegged stablecoin, added roughly $90 billion to its circulating supply last year, outpacing USDT and USDC. The issuer’s affiliates and reserve‑bank partner are listed on the U.S. sanctions list, yet the firm claims full KYC/AML compliance and positions...
Threats to New US-Canada Bridge
Canada is caught between a U.S. trade war and its own USMCA renewal, while seeking to expand its automotive sector with Asian partners. President Trump threatened 100% tariffs on Canadian goods and warned he could block the Gordie Howe International...
Dangote Drives Nigeria’s Domestic Fuel Supply Above 57% as Imports Retreat
Nigeria’s Dangote Refinery reached full 650,000 bpd capacity in January 2026, processing a record 40.1 million litres of crude per day and supplying 57 % of the nation’s fuel. Domestic output now provides 62 % of premium motor spirit, overtaking imports for the first...
The Promise and Peril of Trump’s Board of Peace
President Donald Trump’s newly created Board of Peace will hold its inaugural meeting on Feb. 19, promising to release $5 billion in humanitarian and reconstruction aid for Gaza. The board, established under UN Security Council Resolution 2803, will operate as a donor‑led, international...
China 2026: A Quiet Reset in a Shifting Global Order
The episode reflects on the start of the Lunar New Year as a moment to pause and look ahead at China’s evolving role in a shifting global order. Using Wang Wei’s poem, the host argues that while major structures and...