China Dismisses US Government’s Accusations of Cyber Infiltration
China has dismissed allegations made by the US government and Microsoft that the state-backed hacking group Volt Typhoon infiltrated critical US infrastructure, referring to the claims as a “political farce.”…
Thailand’s Oldest Bank Introduces Stablecoin Remittance Services
Siam Commercial Bank (SCB), the longest-established commercial bank in Thailand, has taken a significant step forward by incorporating stablecoin-based cross-border payment and remittance services. This initiative is launched in partnership…
India Backs Musk as Satellite Spectrum Allocation Debate Heats Up
India’s decision to allocate satellite spectrum through administrative means, bypassing the auction method, appears to favor global players like Elon Musk’s Starlink and Amazon’s Project Kuiper. Communications Minister Jyotiraditya Scindia…
ASML’s Lowered Outlook Sparks Concerns Over Factory Overcapacity
ASML’s downgraded 2025 sales forecast has sparked a major sell-off in chip stocks, causing concerns about potential faltering global chip demand. However, analysts suggest the issue may lie in factory…
Australia Launches Its First ETF Directly Holding Ether
Monochrome Asset Management has launched Australia’s inaugural exchange-traded fund (ETF) that directly holds Ether, marking a significant milestone in the Australian cryptocurrency investment landscape. As of October 15, the Monochrome…
Xpeng President Confirms Long-Term Strategy for Europe Despite Tariff Challenges
Xpeng remains committed to its long-term strategy in Europe despite the pressures from newly imposed tariffs by the European Union, according to Brian Gu, vice chairman and co-president of Xpeng.…
Casio Confirms Ransomware Attack and Data Breach
Casio has confirmed that a recent ransomware attack led to a significant data breach, compromising personal and confidential information. On October 5, unauthorized access to Casio’s network resulted in system…
ASML Reports 16% Share Plunge as China Sales Fall Short of Expectations
ASML shares dropped 16% after the Dutch semiconductor equipment maker released its financial results a day early, warning of weaker sales in China. The company’s forecast for 2025, now ranging…
Samara Asset Group to Boost Bitcoin Holdings with $33 Million Bond
Publicly-listed asset management firm Samara Asset Group is set to increase its Bitcoin holdings by utilizing proceeds from a €30 million ($32.8 million) bond. In an announcement made on October…
Kioxia IPO Scrapped After Investors Demand Lower Valuation
Bain Capital’s plan to list Japan’s Kioxia in an initial public offering (IPO) hit a roadblock as investors demanded a significantly lower valuation than the U.S. buyout firm sought, according…
Star Health reveals $68,000 ransom demand after major data leak
Star Health, India’s largest health insurer, reported on Saturday that it received a ransom demand of $68,000 from a cyberhacker following a significant data breach involving sensitive customer information. The…
Rapidus and Denso team up to boost Japan’s chip design
Japanese companies Rapidus and Denso will share chip design methods for advanced technologies, including artificial intelligence and autonomous vehicles, according to a report from Nikkei on Saturday. The collaboration marks…
Ambani’s Reliance pushes back on India’s satellite spectrum allocation
Indian billionaire Mukesh Ambani’s Reliance has raised objections to India’s telecom regulator, claiming the decision to allocate satellite broadband spectrum without an auction is flawed, according to a letter obtained…
Strong AI Chip Sales Push TSMC to Record Q3 Profit
Taiwan Semiconductor Manufacturing Co. (TSMC) is expected to post a 40% jump in third-quarter profit, driven by strong demand for its advanced chips used in artificial intelligence (AI) applications. The…
Over 700 ByteDance employees laid off in Malaysia as AI takes center stage
ByteDance, the Chinese parent company of TikTok, has laid off over 700 workers from its Malaysian unit as it pivots towards a more AI-driven approach to content moderation, according to…
South Korea Permits Division of Cryptocurrency Holdings in Divorce Settlements
Married couples in South Korea can now legally divide their cryptocurrency holdings during divorce proceedings, according to IPG Legal, a law firm specializing in the country’s legal system. This development…
Thai SEC Proposes Inclusion of Crypto Products in Mutual and Private Funds
Thailand’s Securities and Exchange Commission (SEC) has made a significant move to accommodate the increasing interest in cryptocurrency investments from institutional investors. On October 9, the finance regulator proposed allowing…
ByteDance introduces Ola Friend earbuds exclusively in China
ByteDance, the parent company of TikTok, has launched its first set of earbuds, marking a deeper move into hardware. Priced at $170, the new Ola Friend earbuds are only available…
Canva Reverses Price Hike After Customer Backlash
Canva has reversed its decision to raise prices by up to 300% for long-term customers, responding to backlash from small businesses and other users. Initially, the Sydney-based design software company,…
Spotify introduces free streaming in South Korea
Spotify, the global audio streaming platform, announced on Thursday that it has introduced a free music and podcasts option in South Korea. This move aims to expand its audience base…