Tap Global

Japan is partially turning off the tap of decades of cheap money, moving to support the yen after prolonged currency weakness. The shift in monetary policy is being framed as an effort to defend the currency, with coverage suggesting Washington's position — described as an 'American friend' — played a supporting role in Tokyo's decision to rein in ultra-loose policy.

Apollo Global Management is warning that artificial intelligence agents could trigger a modern version of a bank run in the financial industry. The concern is that AI systems acting autonomously could move money out of banks or funds far faster than human depositors ever could, potentially destabilising institutions if many agents react to the same signals at once.

Tap Global has purchased 3 bitcoin to hold on its balance sheet as part of a treasury reserve strategy. The move puts the company alongside a growing list of firms adding cryptocurrency to their reserves, though the small size of the purchase stands out. Details on the purchase price, funding and broader treasury plans have not been disclosed.

South Korean retail giant Shinsegae is preparing to enter the United States beauty market with a dedicated retail platform focused on K-Beauty products. The move would bring Korean skincare and cosmetics brands to American shoppers through a Shinsegae-run channel, extending the group's retail reach beyond Asia and tapping into sustained global demand for Korean beauty products.

Major clothing retailers including Uniqlo and Zara are offering garment repair and mending services as they court Gen Z shoppers. The move taps into younger consumers' interest in sustainability, durability and making clothes last longer, turning an old-fashioned service into a competitive selling point for global fast-fashion brands.

New Zealand dairy giant Fonterra is moving to serve the nutritional needs of people taking weight-loss medications such as GLP-1 drugs, which reduce appetite and can leave users short of protein and key nutrients. The company is positioning high-protein dairy products to fill that gap, tapping into one of the fastest-growing trends in global food and health.

Brazilian outlet Opera Mundi has published an opinion column arguing that fashion can be read through the lens of hyper-imperialism, using the industry to examine China's position and influence in today's global order. The piece reflects ongoing left-wing debate in Brazil and Latin America over whether China represents an alternative to Western dominance or a new imperial power itself.

Chinese director Xu Zao, known for 'Light Pillar', is preparing his next feature, 'Easy, My Friend', which will explore artificial intelligence themes. The announcement, reported by Variety, signals growing interest in AI as subject matter for independent cinema, as filmmakers worldwide respond to the technology's rapid rise in public conversation.