Snap Inc. to Cut 10% of Global Workforce in Restructuring Move
Snap Inc., the parent company of Snapchat, has recently made headlines with its decision to reduce its global workforce by 10%, affecting approximately 530 employees. This move is part of…
US Announces Visa Bans for Spyware Misuse
The United States has escalated its measures against the misuse of commercial spyware by announcing a policy to impose global visa restrictions on individuals implicated in such activities. This move,…
L’Oréal’s New Policy: Mandatory In-Office Fridays
L’Oreal, a multinational cosmetics company with a global workforce of 87,000 employees, has recently implemented a new attendance policy. This policy requires employees to report to the office for at…
CapitaLand Ascott Trust plans to sell Citadines for a big total of S$148 million.
Singapore, February 6, 2024 – CapitaLand Ascott Trust (CLAS) has announced its plans to divest Citadines Mount Sophia Singapore in a strategic move that is expected to generate significant gains.…
Deliveroo reports that 57% of restaurants have adopted digital technologies.
In an era where technology continuously reshapes business landscapes, Singapore’s food and beverage (F&B) sector stands out as a beneficiary of digital advancement, particularly through the instrumental role of food…
Chinese Semiconductor Manufacturers Embrace Open Source Technology for Advanced Chip Production
Beijing’s Strategic Move in the Global Chip Market In a significant development that underscores China’s ambitious efforts to reshape the half-trillion-dollar global semiconductor industry, a Beijing-based military institute has made…
The AI Rush: Unveiling the Better Landscape of China’s AI Sector in 2023
In 2023, the artificial intelligence (AI) wave, powered by the remarkable progress of generative AI technologies like ChatGPT, captured global attention. This surge of interest did not bypass China, even…
OpenAI’s CEO happily considers a trip to Seoul in search of a new semiconductor partner in 2024.
SEOUL – In a strategic move to diversify its semiconductor sources and reduce its dependency on Nvidia, the US leader in artificial intelligence chips, OpenAI CEO Sam Altman is reportedly…
Fossil Discontinues Smartwatch Lineup
Fossil Group has officially announced its decision to exit the smartwatch market, with the Fossil Gen 6 being its last foray into this technological realm. This strategic shift away from…
Neuralink Conducts First Human Brain Chip Implant
Neuralink, has successfully implanted its first brain-computer interface (BCI) chip in a human being. This pivotal development comes after the U.S. Food and Drug Administration (FDA) granted Neuralink, co-founded by…
Apple Music Offering a 10% Boost for Quality Sound
Apple Music has announced an initiative to enhance the earnings of artists and labels through its latest royalty payment scheme. This innovative approach aims to promote higher-quality audio by offering…
Chinese Real Estate Developers Receive Government Funding Eligibility for Projects
In a significant move to bolster China‘s struggling real estate sector, several cash-strapped property developers, including Country Garden Holdings Co and Sunac China Holdings Ltd, have announced that a multitude…
Tan Chong Motor’s division named distributor for GAC Group’s vehicles in Vietnam
KUALA LUMPUR, February 5 – In a significant move to expand its presence in the Southeast Asian automotive market, Tan Chong Motor Holdings Bhd‘s indirect subsidiary, TC Services Vietnam Co…
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…