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China’s MiniMax Group Inc. has begun preparations for a domestic initial public offering, according to a regulatory filing, as the fast‑growing artificial intelligence startup challenges local rivals including DeepSeek.
Source
Bloomberg Markets
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The Philippine central bank said the pace of inflation is likely to increase this month, mainly because of food-price increases and the peso’s weakness.
“Western Europe might take note.” Defense Secretary Pete Hegseth hailed stable US ties with China and praised allies in Asia, while taking swipes at longstanding partners in Europe, during a speech at a defense forum in Singapore. (Source: Bloomberg)
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Hegseth said that China cannot impose its hegemony on U.S. partners and allies in the region.
