Sea Amid

• Chinese AI startup DeepSeek has raised over 50 billion yuan ($7.4 billion) in its first funding round, achieving a company valuation exceeding $50 billion. • The funding round included notable investors such as Tencent and CATL, utilizing a unique investment structure specifically designed to preserve control for the company's founders. • This massive capital injection solidifies DeepSeek's position as a major player in the global AI landscape during the current artificial intelligence boom.

• Russian President Vladimir Putin has ordered an increase in military readiness following accusations from Kyiv regarding expanded troop deployments in Eastern Europe. • The move has prompted NATO to convene emergency consultations to address the potential for further military aggression and its impact on European security. • This escalation occurs amid the ongoing conflict between Russia and Ukraine, heightening geopolitical instability across the region.

Webcams showed snow blanketing the ground in some areas. In others, it was patchy or nonexistentGet our breaking news email, free app or daily news podcastAustralia’s snow season has officially begun, with resorts predicting a good season despite climactic threats and the cost-of-living crisis.Between 20cm and 40cm of snow fell across the Victorian and New South Wales alps before the long weekend, with the falls bolstered by snowmakers. Continue reading...

• Asian stock markets are surging, driven by intense demand for semiconductors and AI-related equipment. • Key gains include Japan's Nikkei rising 1.1% following a 5% jump last week, while South Korea and Taiwan saw increases of 4.4% and nearly 6% respectively. • This growth occurs alongside rising oil prices triggered by geopolitical tensions in the Gulf region, despite ongoing peace talks.

Labor has announced funding for Australian Submarine Agency will jump to $512m in next financial year amid concerns the sovereign submarine fleet may never arriveFederal budget 2026 LIVE updates: Australia government budget announcement and speech – latest newsExplore all of our 2026 Australia federal budget coverageGet our breaking news email, free app or daily news podcastThe budget for Australia’s contentious Aukus deal has ballooned by more than $430m over four years, with the agency charged with securing the country’s nuclear-powered submarines requiring a massive injection of funding and staffing.The Australian Submarine Agency’s resourcing for next financial year will jump by a third – from $385m to $512m. Continue reading...

Data from University of Toronto suggests Canadians are avoiding US cities during the second Trump administrationA new research tool that tracks cell phone activity has found a 42% drop in visitors from Canada to big metropolitan areas in the US that is much higher than official border-crossing data, suggesting Canadians during the second Trump administration are avoiding US cities in particular.Researchers from the University of Toronto said the tool showed a “year-over-year median decline of approximately 42% in Canadian visits to US metropolitan areas – significantly higher than official border-crossing data, which showed a roughly 25% decline”. Continue reading...

• The 48th ASEAN Summit concluded on Friday, May 8, with leaders proposing a regional fuel stockpile and standby food security mechanism to counter supply disruptions from Middle East conflicts. • Measures target impacts from Strait of Hormuz closure, which threatens fuel and fertiliser supplies critical to Southeast Asia. • Leaders agreed to a crisis communication protocol for foreign ministers to enable coherent, timely regional responses across multiple sectors.

• Oversea-Chinese Banking Corporation Limited (OCBC) held its Q1 2026 earnings call on May 8, 2026, presenting results to investors and analysts covering its Asia-Pacific operations. • The Singapore-based banking group discussed performance metrics and strategic initiatives during the investor update with media and analyst participation. • OCBC's results are closely watched for insights into regional banking sector health and economic conditions across Southeast Asia and Greater China.

• Thailand's foreign minister requested ASEAN-level discussions with his Myanmar counterpart to address escalating conflicts and diplomatic standoffs in the region. • The initiative comes in response to recent attacks and instability in Myanmar, prompting broader calls for coordinated ASEAN intervention. • This move highlights Thailand's leadership role in ASEAN diplomacy, aiming to prevent spillover effects on Southeast Asian security and trade.

• Southeast Asia's economic resilience is under pressure from a fragmented global economy, requiring deeper intra-regional integration, according to The Business Times analysis. • Key challenges include trade barriers and supply chain shifts, with ASEAN's intra-regional trade at just 25% of total commerce. • Strategic engagement with partners like the US, China, and EU is essential to mitigate deglobalization risks and sustain growth above 4.5% annually.

The regional bloc agreed to safeguard regional energy security through strengthened cooperation, timely policy responses and engagement with dialogue partners.

• CDC reports rotavirus circulating at high levels nationwide, with 73.8% of US children vaccinated against the highly contagious virus causing severe diarrhea in infants. • Health experts attribute the late-season surge to vaccine hesitancy, noting the Trump administration's past efforts to remove rotavirus vaccine from childhood schedules. • Cases are life-threatening for kids, prompting warnings as emergency room visits remain elevated beyond typical seasonal peaks.

• The US Navy sent two Arleigh Burke-class destroyers through the Taiwan Strait on April 8, 2026, in a freedom of navigation operation challenging Chinese claims. • Beijing scrambled 20 fighter jets in response, with state media labeling it 'provocation'; no collisions reported. • This escalation underscores US commitment to Taiwan's defense, critical for semiconductor supply chains worth $500 billion annually.

Federal agency, which normally supports state and local public health labs, has been hobbled by staff departuresSign up for the Breaking News US email to get newsletter alerts in your inboxThe US federal agency responsible for monitoring diseases has temporarily halted certain diagnostic testing, including those for rabies, human herpesvirus and several other infectious illnesses.The Centers for Disease Control and Prevention (CDC) released a list on Monday showing that more than two dozen types of testing are now unavailable. Continue reading...

Australian counterterrorism experts observe December shooting came amid years of messaging from terror group urging followers to act ‘on their own initiative’Get our breaking news email, free app or daily news podcastThe Bondi beach terror attack occurred amid an international spike of anti-western plots in December last year that appeared to be “inspired or instigated” by Islamic State, a new report has found, with many of them targeting holiday events such as Christmas markets.In research published by the West Point Combating Terrorism Center in its publication Sentinel on Thursday, Australian counterterrorism experts Andrew Zammit and Levi West examined Islamic State’s strategic shifts and jihadi tactics in Australia prior to the alleged antisemitic terrorist attack. Continue reading...

Exclusive: Pacific island’s new leader Lord Fakafānua discusses ‘exciting’ US partnership as critics fear impacts of seabed explorationThe recently elected leader of Tonga has described a deal to partner with the US on deep-sea mineral exploration as an “exciting development” amid concern in the small Pacific nation over the practice of seabed mining and the potential environmental impact.Tonga is located in the South Pacific Ocean, a region attracting growing interest over whether critical minerals buried in the seabed could be extracted to help power industries and green technologies. Continue reading...

An FDA advisory committee has recommended the development of next year's flu vaccine, as new data from the CDC indicates the current 2025-2026 flu vaccine provides moderate protection against hospitalization for vaccinated individuals despite concerns about late-emerging H3N2 strains. The committee reviewed winter flu shot effectiveness reports published in the CDC's online MMWR journal, which showed moderate protective efficacy against severe outcomes requiring hospitalization. The timing of vaccine selection remains critical as late-emerging H3N2 variants can significantly undermine vaccine effectiveness, a concern flagged by the committee during this year's review. Current guidance continues to emphasize vaccination for those at high risk of severe illness, particularly elderly and immunocompromised populations.