Vietnam Faces US Pressure Over Undersea Cable Decisions
The United States is actively encouraging Vietnam to avoid using Chinese firms, particularly HMN Technologies, in its plans to build 10 new undersea cables by 2030. Vietnam, dealing with aging…
Ant Group Secures $6.5 Billion Refinancing for Overseas Expansion
China’s Ant Group is refinancing its $6.5 billion credit line, the company confirmed on Thursday. The move comes as the Alibaba-backed fintech giant aims to strengthen its overseas operations. According…
Young Sohn Returns to Arm’s Board After Samsung Advisory Role
Young Sohn, a senior adviser at Samsung Electronics, is set to rejoin the board of Arm Holdings, the British chip firm announced on Thursday. Sohn, who previously held a position…
Malaysia Partners with China to Advance UAV Technology Development
Malaysia is set to strengthen its technological capabilities in unmanned aerial vehicle (UAV) development through a collaboration with China’s Honeycomb Aerospace Technologies (Beijing) Co Ltd, the third-largest UAV manufacturer in…
Samsung Electronics plans to cut global workforce by up to 30% in select divisions
Samsung Electronics is planning to reduce its global workforce by up to 30% in certain divisions, targeting overseas staff in regions like the Americas, Europe, Asia, and Africa, according to…
Apple Supplier Jabil Creates 5,000 Jobs with South India Investment
Apple supplier Jabil is investing approximately 20 billion rupees ($238.2 million) to establish a new manufacturing facility in Tamil Nadu, India, according to a statement from the state’s industries minister,…
Skype Founder’s Atomico Raises $1.24 Billion to Support European Startups
Atomico, the venture capital firm founded by Skype’s co-creator Niklas Zennström, has raised $1.24 billion to invest in emerging and growth-stage tech startups across Europe. This marks a substantial increase…
Over 2.7 Million Pre-Orders for Huawei’s Mate XT as iPhone 16 Launch Approaches
Huawei’s latest tri-fold smartphone has garnered over 2.7 million pre-orders, as the company pushes ahead with its Mate XT model, surpassing Apple’s upcoming iPhone 16 launch, which is scheduled for…
Volvo Blames Global Trade Issues for Lowered 2026 Profit Margin Target
Volvo Cars has revised its 2026 profitability targets, citing global trade and tariff complexities. On Thursday, the Swedish automaker, majority-owned by China’s Geely, announced it would lower its operating profit…
Alibaba Expands Payment Options by Adding Tencent’s WeChat Pay
Alibaba has announced that its Taobao and Tmall e-commerce platforms will soon allow users to make payments through Tencent’s WeChat Pay, marking the first time such an option has been…
Intel Faces Possible Removal from Dow Jones as Shares Plunge
Intel’s long-standing presence in the Dow Jones Industrial Average is at risk as its share price continues to decline. The American chipmaker, which became one of the first tech companies…
Nvidia Faces Historic $279 Billion Loss as AI Enthusiasm Wanes
Nvidia experienced a record-breaking $279 billion loss in market value on Tuesday as its shares dropped by 9.5%, marking the largest single-day decline ever for a U.S. company. The downturn…
ByteDance Taps Citigroup, Goldman Sachs, and JPMorgan for Massive Loan
ByteDance, the parent company of TikTok, is reportedly securing a $9.5 billion loan from banks, marking the largest dollar-denominated corporate loan in Asia outside of Japan. According to sources familiar…
Validus Secures $50M Debt Financing from HSBC to Support Indonesian SMEs
Validus, a digital lending platform for small and medium enterprises (SMEs) based in Singapore, has secured $50 million in debt financing from HSBC under the ASEAN Growth Fund strategy. The…
Netherlands considers ASML’s interests in potential China export rules
The Dutch government is considering the economic interests of ASML when evaluating potential restrictions on the export of its computer chip-making equipment to China, according to Dutch Prime Minister Dick…
Uber Aims to Boost Market Share in South Korea with New Strategy
Uber Technologies Inc.‘s CEO, Dara Khosrowshahi, reaffirmed the company’s commitment to expanding its presence in South Korea, despite facing stiff competition from local tech giant Kakao. Speaking to reporters in…
China’s Robotaxi Expansion Raises Job Security Concerns
China’s aggressive push for robotaxi technology has sparked concerns over job security among drivers, while experts suggest the rise of autonomous vehicles is also creating new employment opportunities. Recent developments…
Apple Expands Indian Market Reach with New Airtel Streaming Deal
Apple is partnering with India’s Bharti Airtel to offer its music and video streaming services for free to Airtel’s premium customers. This collaboration provides Apple access to thousands of potential…
Nvidia Board Approves Massive $50 Billion Share Repurchase Plan
Nvidia has announced a $50 billion stock buyback, following approval by its board of directors. The announcement was made alongside the company’s fiscal second-quarter earnings report, which exceeded Wall Street…
PlayStation 5 Price Hike Announced by Sony in Japan
Sony has announced a 19% price increase for its PlayStation 5 console in Japan, citing challenges related to the global economic environment. Starting September 2, the PS5 will retail at…