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Development asian news

Mohamed Muizzu - Agence FrancePresse - With Chinese loans looming, Maldives gets IMF warning over ‘debt distress’ - scmp.com - China - Usa -  Beijing - India - Maldives

With Chinese loans looming, Maldives gets IMF warning over ‘debt distress’

The International Monetary Fund warned the Maldives against looming “debt distress” on Monday, as the small but strategically placed luxury tourist destination looks set to borrow more from main creditor China.

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Annika Kim Constantino - Novavax stock jumps 50% as Sanofi deal kicks off turning point for struggling vaccine maker - cnbc.com - France

Novavax stock jumps 50% as Sanofi deal kicks off turning point for struggling vaccine maker

Shares of Novavax jumped as much as 50% on Monday as Wall Street cheered the company's new multibillion-dollar deal with French drugmaker Sanofi that sparked a dramatic turnaround for the struggling vaccine maker.

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India inks 10-year deal to operate Iran's Chabahar port - asia.nikkei.com - India -  New Delhi - Pakistan - Afghanistan - Iran -  Karachi -  Tehran - Oman

India inks 10-year deal to operate Iran's Chabahar port

NEW DELHI (Reuters) -- India signed a 10-year contract with Iran on Monday to develop and operate the Iranian port of Chabahar, the Narendra Modi-led government said, strengthening relations with a strategic Middle Eastern nation.

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Nikkei staff writer - SHINNOSUKE NAGATOMI - Japan to launch U.S.-inspired defense R&D center with eye on AI - asia.nikkei.com - Japan -  Tokyo

Japan to launch U.S.-inspired defense R&D center with eye on AI

TOKYO -- Japan's Defense Ministry plans to set up a technology research center this fall to develop applications for innovations such as artificial intelligence, aiming to encourage cooperation with the private sector like that seen in the U.S.

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Nikkei staff writers - SoftBank's Arm plans to launch AI chips in 2025 - asia.nikkei.com -  Tokyo

SoftBank's Arm plans to launch AI chips in 2025

TOKYO/LONDON -- SoftBank Group subsidiary Arm will foray into the development of artificial intelligence chips, seeking to launch the first products next year.

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Brad Smith - Ryan Browne - Microsoft and Amazon to invest $5.6 billion into France as Macron courts tech giants - cnbc.com - France - state Indiana - county Smith

Microsoft and Amazon to invest $5.6 billion into France as Macron courts tech giants

Microsoft and Amazon are ploughing billions of dollars into France.

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Narendra Modi - India election more than halfway through, Kashmir valley votes in Phase 4 - aljazeera.com - India - Pakistan - state Pradesh - state Bihar

India election more than halfway through, Kashmir valley votes in Phase 4

Kashmir voters are expected to show their discontent with Modi’s cancellation of the region’s special status and security crackdown that followed in 2019.

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Google's Demis Hassabis is the man tasked with turning bleeding-edge AI research into profits - cnbc.com

Google's Demis Hassabis is the man tasked with turning bleeding-edge AI research into profits

Demis Hassabis is a celebrated name in artificial intelligence research. He's a chess master and a neuroscientist. On Wall Street, he's less known.

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