Chinese Automaker Geely Launches Satellites for Autonomous Vehicle Navigation
Zhejiang Geely Holding Group Co. successfully launched a second batch of 11 satellites into low-earth orbit. This initiative, spearheaded by Geely’s subsidiary Geespace, marks a significant milestone in the company’s…
Hyundai Considers US$3 Billion India IPO, Valued Between US$25-30 Billion
In a strategic move that could reshape its footprint in one of the world’s fastest-growing auto markets, South Korea’s automotive giant, Hyundai Motor, is reportedly considering a public offering for…
Indonesia’s Economic Growth Dips to 5.05% in 2023 Amid Commodity Price Declines
Indonesia‘s economy grew at a solid rate of 5.05% in 2023, demonstrating resilience despite challenges from declining commodity prices and the effects of stringent monetary policy. This growth rate, reported…
Appotronics, supplier to BYD, plans to make the production better amid rising smart EV demand.
Appotronics Leads Innovation in Smart EV Market with Strategic Expansion Shenzhen, China: Appotronics, a pioneer in laser display technology development, is making significant strides to dominate the intelligent electric vehicle…
Tesla Settles for $1.5 Million Over Hazardous Waste Mismanagement in California
Tesla Inc. has agreed to a $1.5 million settlement following allegations of hazardous waste mismanagement across its California operations, casting a shadow over the electric vehicle giant’s environmental stewardship. The…
Apartment Sector Faces Growing Distress in Commercial Real Estate Market
The commercial real estate market is experiencing increasing distress, now extending from office spaces to apartment complexes, with over $67 billion in housing facing potential distress as borrowers struggle with…
DBS Group to new Merge Equity Capital, better Brokerage, and Digital Exchange Operations
DBS Group, Singapore’s leading banking entity, has embarked on a transformative journey to enhance its footprint in the global financial arena through a comprehensive organizational consolidation. This strategic move, slated…
Powell’s Caution and Robust Jobs Data Shake Confidence in Imminent Fed Rate Cuts
Recent economic developments have cast doubt among bond traders on the immediacy of anticipated Federal Reserve interest rate cuts. Despite initial expectations for a series of reductions this year, a…
Meta and Amazon proudly announce amazing record-breaking billion-dollar earnings.
In a remarkable demonstration of resilience and strategic acumen, Meta and Amazon have reported impressive earnings for the last quarter, significantly exceeding Wall Street expectations. This achievement underscores the enduring…
Economic Relief from ECB Unlikely to Stem Populist Tide in Eurozone Elections
As Eurozone leaders prepare for crucial political milestones in 2024, including European Parliament elections in June and German state elections in September, the economic landscape offers little reassurance against the…
Google Rolls Out Global Update for Bard Chatbot, Featuring Gemini Pro and More AI Tools
Google has announced a significant update to its Bard AI chatbot. This update not only introduces image generation capabilities powered by the Imagen 2 AI model but also enhances the…
Ant Group forms strategic alliance with Shanghai to support the city’s ambition in artificial intelligence
In a landmark move that underscores the deepening ties between China’s tech giants and municipal ambitions, Ant Group, the financial technology powerhouse under Alibaba Group Holding, has officially partnered with…
Concerns Arise as Apple Faces Sales Slowdown in China
In recent developments, Apple Inc. has encountered significant challenges within one of its most crucial markets, China. The technology giant, headquartered in Cupertino, California, reported a nearly 13% decline in…
Aozora Bank’s US Real Estate Losses Lead to 20% Share Plunge
Japan’s Aozora Bank Ltd., the country’s 16th largest by market value, has stunned investors with an announcement of expected fiscal year losses due to its investments in US commercial property.…
Goldman Sachs’ Analyst Warns U.S. Stock Market May Face Significant Decline
As of February 2, Goldman Sachs Group Inc.’s tactical specialist, Scott Rubner, has issued a cautionary note to investors, suggesting that the U.S. stock market might face a significant downturn.…
Nvidia achieves record-breaking market value increase in January, setting a new monthly high
In an unprecedented financial feat, NVIDIA Corp has experienced the largest monthly surge in market value recorded to date, driven by a wave of optimism surrounding advancements in artificial intelligence…
Global Banks Face $560 Billion Challenge in US Commercial Real Estate Market
The US commercial real estate market has been struggling since the COVID-19 pandemic began, with recent developments from New York Community Bancorp and Japan’s Aozora Bank Ltd emphasizing that the…
US Worker Efficiency Rises in Q4, Amid an Uptick in Unemployment Claims
In Washington, on February 1, it was reported that US worker productivity experienced a significant increase in the fourth quarter, surpassing forecasts and aiding the Federal Reserve’s efforts to control…
Amazon Introduces Rufus: The In-App AI Shopping Assistant
Amazon has introduced Rufus, a cutting-edge AI shopping assistant, with the same name as the company’s corgi mascot. This groundbreaking AI tool is poised to revolutionize the way users search for products…
ByteDance launches a rival to OpenAI’s GPT amid the growing ChatGPT excitement.
In a strategic move that intensifies the global AI race, ByteDance, the parent company of TikTok, has unveiled a revolutionary platform named Coze. This platform, launched in China on Thursday,…