Walmart Acquires Vizio in Bold $2.3 Billion Bid to Boost Ad Business
Walmart has announced its intention to acquire Vizio, a leading manufacturer of smart TVs, for an estimated $2.3 billion. This strategic move is set to catapult Walmart into a new…
Nasdaq Takes a Hit as Nvidia Stumbles; Walmart Surges to Record High
In Tuesday’s trading session, the Nasdaq spearheaded the downturn on Wall Street, with chip manufacturer Nvidia experiencing a sharp decline early on, while retail giant Walmart’s optimistic outlook tempered losses…
S&P Global Acquires Visible Alpha to Bolster Data Dominance
S&P Global announced its agreement to acquire consensus provider Visible Alpha, marking the latest in a series of strategic moves to cement its position as a leading data conglomerate. While…
Encouragement for EV makers to choose Malaysia as their ASEAN hub.
Investment Minister Tengku Zafrul Abdul Aziz Highlights Opportunities in ASEAN’s Growing EV Market Petaling Jaya, 20th Feb 2024: Investment, trade, and industry minister Tengku Zafrul Abdul Aziz has urged electric…
OpenAI’s Bold Move Against Google with New AI-Powered Search Engine
OpenAI is reportedly venturing into the domain of search engines, potentially challenging Google Search’s long-standing dominance. The Information has recently disclosed that OpenAI, the organization behind ChatGPT, is in the…
India’s disgruntled farmers demand a better agreement.
The ongoing farmers’ protest in India has once again captured global attention as tensions rise between agricultural workers and the government. What started as opposition to agricultural laws has evolved…
Singapore-based financial technology company Xalts has acquired the digital trade platform, Contour Network.
In a surprising move that signals the growing clout of fintech startups on the global stage, Singapore-based Xalts has announced its acquisition of the digital trade platform Contour, originally established…
TikTok Faces EU Investigation Over Child Safety and Data Transparency
The European Union (EU) has initiated a formal investigation into TikTok’s adherence to the Digital Services Act (DSA), focusing on the platform’s compliance with regulations designed to ensure the safety…
Air Canada Ordered to Rectify Misled Passenger’s Refund
Air Canada was compelled to issue a refund to Jake Moffatt, a passenger who fell victim to misleading information provided by the airline’s chatbot. This narrative unfolds against the backdrop…
Wyze Security Breach: Thousands Potentially Exposed to Strangers
Wyze, a prominent figure in the smart home technology arena, has come forward with an admission that a substantial security breach has compromised its security cameras. This breach, initially underestimated…
China Introduces Fresh Initiatives to Stimulate Real Estate Sector
In a bold move to invigorate the economy and spark a revival in the property market, China announced a significant reduction in its benchmark mortgage reference rate on February 20.…
ANZ Moves Forward with US$3.2 Billion Suncorp Acquisition Following Tribunal Victory
On February 20th, ANZ Group Holdings Ltd achieved a significant legal victory, overturning the Australian Competition and Consumer Commission’s (ACCC) previous decision to block its A$4.9 billion (US$3.2 billion) bid…
Sarawak to Evolve Into a Formidable Economic Hub
PETALING JAYA: According to a recent analysis by RHB Research, Sarawak is on the brink of an economic transformation that promises to elevate it to the status of an economic…
Airbnb Embarks on a Revolutionary AI Journey with GamePlanner Acquisition
Airbnb, the global leader in online hospitality services has announced its acquisition of the AI startup GamePlanner for a staggering $200 million. This strategic purchase signifies Airbnb’s ambitious dive into…
Bayer Announces Drastic 95% Dividend Reduction Amid Ongoing Roundup Controversies
In a significant financial maneuver, Bayer AG has declared a substantial cut in its dividend, proposing a 95% reduction to alleviate the financial strain stemming from its acquisition of Monsanto…
Techtaka Secures $9.5 Million Funding for Its E-commerce Fulfillment Service
Techtaka has emerged as a beacon of innovation in the e-commerce logistics sphere, having secured a substantial $9.5 million in Series B funding, led by Altos Ventures. This pivotal financial…
Global Stocks Stagnate Amid Inflation Concerns and Modest Gains in China
On Monday, global stock markets experienced a sluggish start, hampered by diminishing prospects for early interest rate cuts and only slight advancements in Chinese markets as they reopened post-Lunar New…
ElevenLabs’ New AI-Powered Text-to-Sound Feature
ElevenLabs, a pioneering AI startup established by former employees of tech giants Google and Palantir, has recently announced its plans to broaden its technological offerings. The company, known for its…
Public Bank’s subsidiary purchases RHB Securities Vietnam for RM73 million
In a significant move within the banking sector, Public Bank Bhd’s subsidiary, Public Bank Vietnam Ltd (PBVN), announced its acquisition of RHB Securities Vietnam Co Ltd. This RM72.55 million deal…
Goldman Elevates Global Equities to ‘Overweight’ Amid Economic Growth Optimism
In a significant shift in its investment stance, Goldman Sachs has elevated its rating on global equities from “neutral” to “overweight”, citing the positive outlook on economic expansion and a…