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…
OpenAI Loses Fight to Trademark “GPT”
The United States Patent and Trademark Office (USPTO) has recently ruled against OpenAI’s bid to trademark the term “GPT,” citing its generic nature as the primary reason for the decision.…
Ultimate Guide to Customer Relationship Management
Efficiency is key. Your business relies on effective customer relationship management (CRM) strategies to nurture leads, retain clients, and drive growth. By implementing a robust CRM system tailored to your…
Asian Equities Stall as China’s Market Reopening Fails to Ignite Momentum
On February 19th, the Asian stock market exhibited a lackluster performance, underscored by a cautious investor sentiment due to diminishing prospects of early interest rate cuts on a global scale.…
Apple Faces First EU Fine Over Music Streaming Competition Concerns
Apple Inc. is facing scrutiny from EU regulators, who allege that the tech giant has unfairly restricted competition in the music streaming sector, as reported by the Financial TImes. This…
Goldman Sachs Raises S&P 500 Target Amid Market Milestones
Goldman Sachs Group Inc strategists have once again revised their forecast for the S&P 500 Index, citing increased profit estimates and the stock market’s recent milestone of surpassing the 5,000…
Elon Musk Transfer SpaceX’s Legal Home From Delaware to Texas
Elon Musk has made a decisive move by relocating the legal domicile of his space exploration company, SpaceX, from Delaware to Texas. This strategic relocation is part of a broader…
Masayoshi Son’s Ambitious $100 Billion AI Chip Venture
Masayoshi Son, the founder of SoftBank Group Corp, is reportedly in talks to raise as much as US$100 billion for a groundbreaking chip venture codenamed Izanagi. This venture is poised…
Reddit Content Licensing Deal Revealed to Train AI Models
According to a Bloomberg report, Reddit has inked a groundbreaking deal, valued at a staggering $60 million annually, to license its vast ocean of user-generated content to an unnamed titan…
Intel Nearing Major Chips Act Incentives
According to sources familiar with the matter, Intel Corp is in advanced negotiations to receive subsidies under the 2022 Chips and Science Act. If finalized, this award would mark the…
Malaysian pension fund injects a huge $21 million into burgeoning local startup ecosystem
Empowering Local Innovation Through Strategic Investments Introduction Kumpulan Wang Persaraan (KWAP), the statutory body responsible for managing Malaysia’s public employee pension scheme, has embarked on a bold initiative to invigorate…