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ASEAN opens summit with Gulf nations and China amid US tariffs threat

KUALA LUMPUR, Malaysia, May 27, 2025 (AP) — A regional association of Southeast Asian nations is set to hold a three-way summit Tuesday with China and six Gulf countries in what officials called an effort to bolster economic resilience as they grapple with global volatility and U.S. tariffs. Malaysian Prime Minister Anwar Ibrahim, opening a summit in Malaysia’s capital Kuala Lumpur between the 10-member Association of Southeast Asian Nations and the Gulf Cooperation Council, said a stronger ASEAN-GCC relationship would be key to enhancing interregional collaboration, building resilience and securing sustainable prosperity. Chinese Premier Li Qiang will join the two

Technology workforce in Bengaluru crosses 1mn mark; IT city among 12 global tech hubs: CBRE

New Delhi, May 27(PTI) Bengaluru is among the top 12 global technology hubs with a tech workforce in the IT city crossing the 1 million mark, according to CBRE. Real estate consultant CBRE has released a report, ‘Global Tech Talent Guidebook 2025’, which highlights global tech talent dynamics across 115 markets. The report evaluates these markets based on the availability, quality, and cost of tech talent and classifies them into three categories: Powerhouse (12 markets with large, deep, and highly competitive talent pools), Established (63 mature markets with consistent talent pipelines), and Emerging (40 growth-focused markets with improving capabilities). CBRE

Markets tumble in early trade after two days of rally dragged by IT stocks

Mumbai, May 27 (PTI) Equity benchmark indices Sensex and Nifty tumbled in early trade on Tuesday, after two days of rally, dragged lower by IT stocks and weak Asian market trends. The 30-share BSE benchmark gauge Sensex dropped 460.38 points to 81,716.07 in early trade. The NSE Nifty declined 162.05 points to 24,839.10. Later, the BSE benchmark traded 627.86 points lower at 81,548.59, and the Nifty quoted 178 points down at 24,807.95. Investors turned cautious ahead of the release of industrial and manufacturing production data for April on Wednesday and the first quarter GDP numbers, scheduled to be announced later

Rupee declines 19 paise to 85.29 against US dollar in early trade

Mumbai, May 27 (PTI) The rupee declined 19 paise to 85.29 against the US dollar in early trade on Tuesday amid waning foreign fund inflow and subdued domestic equity market sentiment. Forex traders said though receding crude oil prices supported the local unit, investors stayed cautious ahead of the release of industrial and manufacturing production data for April as well as the first quarter GDP growth numbers, scheduled later this week. At the interbank foreign exchange, the domestic unit opened at 85.15 and declined further to 85.29 against the greenback in initial deals, registering a loss of 19 paise over

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