Chinese Robotaxi Companies Forge Ahead with UAE Expansion Despite Iran War
Chinese robotaxi firms are accelerating their Middle East push despite the Iran‑Israel war. Didi announced a UAE test launch later this year, while Guangzhou‑based WeRide already runs fare‑charging driverless taxis in Dubai’s Jumeirah and Umm Suqeim districts via Uber’s app. Pony.ai is still pursuing a commercial license in Dubai, and Baidu’s Apollo Go plans to deploy 50 vehicles initially, with a roadmap toward 1,000 units. The expansion follows a high‑level UAE‑China business forum that underscored bilateral cooperation on autonomous mobility.
China Exports Growth in March Misses Estimates, Imports Surge Most in over Four Years
China’s exports rose 2.5% year‑on‑year in March, well below the 8.6% analysts expected, marking the slowest growth in six months. Imports surged 27.8% YoY, the strongest increase since November 2021, driven by tighter global supply and higher commodity prices. The trade...
Ray Dalio: Trump-Xi Meeting to Focus on Trade, Capital Flows
Hedge‑fund founder Ray Dalio said the upcoming Trump‑Xi summit in Beijing on May 14‑15 will prioritize trade and capital‑flow issues. He expressed optimism that the leaders will show empathy, which could calm bilateral tensions and reassure investors. Dalio noted the S&P 500...
Warren Buffett Says Iran Bomb Would Make Nuclear Disaster Harder to Avoid
Berkshire Hathaway chairman Warren Buffett warned that the rise to nine nuclear‑armed states is reshaping global risk. He singled out Iran and North Korea, saying a bomb in Iran would make a nuclear disaster harder to avoid. Buffett predicted that...
Warren Buffett Says He's Still Making Calls on Investments at Berkshire, Flags 'Tiny' New Buy
Warren Buffett told CNBC that, despite stepping down as Berkshire Hathaway’s CEO, he still makes daily investment calls and works closely with the firm’s financial‑assets team. He disclosed a recent “tiny” purchase, though details were not provided, and highlighted his...
As Stocks and Bonds Fall, and Oil Hits $100, a Futures Trade that Boomed in 2022 May Again Be a...
Managed‑future strategies, long favored by hedge funds, are seeing renewed investor interest as stocks and bonds tumble amid geopolitical tension and stagflation fears. The niche managed‑futures ETF sector, now holding roughly $6.5 bn, has attracted about $1 bn of inflows this year,...
U.S. Executives, From Apple to Eli Lilly, Revamp Their Push Into the World's Second-Largest Economy at the China Development Forum
More than 30 U.S. executives, including Apple’s Tim Cook and Eli Lilly’s David Ricks, attended the China Development Forum in Beijing, signaling a renewed push into China’s consumer market. Apple reported a 23% year‑on‑year rise in iPhone sales, while Eli Lilly announced...
Bitcoin Beat the S&P 500, Nasdaq Composite and Gold Since the Start of the Iran War
Bitcoin has outperformed major equities and gold since the Iran‑Russia conflict began on Feb. 28, gaining roughly 8 % week‑to‑date and 5 % this week. In contrast, the S&P 500 and gold have each fallen over 3 %, while the Nasdaq is down more than...
Surging Oil Prices Could Wipe Out Benefits From Trump's 'Big Beautiful Bill'
Rising crude prices, now over $20 a barrel above pre‑war levels, are poised to erase the fiscal boost from President Trump’s individual tax cuts in the so‑called “big beautiful bill.” Raymond James estimates that the $150 billion extra gasoline spend could offset...
Digital Employees, AI Bootcamps: America's Oldest Bank Is Spending Billions on Tech
BNY Mellon disclosed a $3.8 billion technology spend in 2025, representing about 19 % of its revenue – the highest share among large U.S. banks. The bank introduced 134 "digital employees" that automate repetitive tasks around the clock, while its human workforce...
