The race by Republican presidential contenders to stockpile campaign cash and influential donors ahead of the expensive 2024 primary season is hitting full swing, while President Joe Biden is building a formidable war chest for the general election.
US President Joe Biden may visit Israel soon, adding to the US diplomatic push after Secretary of State Antony Blinken met Arab leaders about the Israel-Hamas conflict and efforts to provide humanitarian assistance to Gaza.
Asia stocks declined, while the greenback and yen were steady in early trading in Asia as the US and its allies sought to head off a widening of the Middle East conflict. Oil and gold edged lower after Friday’s rallies.
The Biden administration will tighten sweeping measures announced last October to restrict China’s access to advanced semiconductors and chipmaking gear, as the US seeks to prevent its geopolitical rival from developing cutting-edge tech that could give it a military edge.
The blistering rally in Japanese stocks has unfairly benefited companies that are flouting the bourse’s campaign to boost valuations, creating a major short opportunity, according to a top-performing hedge fund manager.
Haven assets are set to be in focus in Asia Monday as traders nervously watch events in the Middle East, with the prospect of a ground offensive in Gaza looming large over markets.
Politicians and business leaders will discuss the threat of humans losing control of artificial intelligence, potential election disruption and national-security concerns posed by the technology at a UK-hosted global summit next month.
US Secretary of State Antony Blinken said he’s confident Egypt’s border with Gaza will be opened to allow humanitarian aid to come in. The top US diplomat returns to Israel on Monday following a round of talks across the region aimed at heading off a widening of the Israel-Hamas conflict. The US also said it has held talks with Iran through back-channels — warning Tehran against escalating the conflict.
Tata Consultancy Services Ltd is betting on its partnership with Microsoft Corp to develop artificial intelligence-based software services for clients, seeking to win higher margins to fuel growth.
US Secretary of State Antony Blinken will return to Israel on Monday following a whirlwind round of diplomacy across the region that included a meeting in Riyadh on Sunday with Saudi Crown Prince Mohammed bin Salman.
