Author: admin

17 Jan Huawei chases enterprise clients in South Korea as consumers hold onto Samsung, Apple smartphones

Posted at 09:00h in Asia

This article was first published by The Korea Times in a partnership with the South China Morning Post.Chinese telecommunications equipment giant Huawei Technologies is poised to make a comeback in the global smartphone market this year, but in South Korea, the company must contend with...

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17 Jan Loblaw ending 50% discount on some food items raises concerns about anti-competitive behaviour

Posted at 09:00h in Canada

The revelation that Loblaw will end its 50 per cent discount on perishable foods like meat, fruit and vegetables as they near their best-before dates should attract the attention of Canada's Competition Bureau, says one industry expert. Prof. Sylvain Charlebois, the director of Dalhousie University's Agri-food Analytics Lab, believes the action taken by the grocery...

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17 Jan Businesses need to pay CEBA loans or lose free money — because the deadline isn’t changing

Posted at 09:00h in Canada

Some businesses in Canada who took out a CEBA loan may be hoping in vain for a last-minute reprieve and one more chance at free money from the federal government, but others involved say it's time to move past trying to shift the deadlines for...

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17 Jan New sugar refinery to be built in Hamilton will be Canada’s largest, says company

Posted at 09:00h in Canada

A new sugar refinery set to open in Hamilton's port lands in 2025 is promising to be Canada's largest, with capacity to produce 4,000 tonnes of refined sugar per day, or 1 million per year. The Sucro Can Sourcing facility, at the foot of Hamilton's Sherman...

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17 Jan Markets risk being ‘self-defeating’ with rate cut bets: ECB member

Posted at 08:42h in Europe

Markets are "getting ahead of themselves" with rate cut expectations, the president of the Dutch central bank, Klaas Knot, told CNBC Wednesday."The problem for us is that in the end that might become self-defeating. We are optimistic that we have a credible prospect of a...

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17 Jan Opinion | Should we let AI take over mundane work? Not so fast

Posted at 08:30h in Asia

However, generative AI has its limitations. Because the content it produces is generated from a complex large-language model instead of logically developed and based on facts, AI sometimes “hallucinates”, that is, produces incorrect or misleading results, due to insufficient training data, bias and incorrect assumptions....

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17 Jan Singapore cuts supply of new public flats to the fewest since 2021 as HDB fiddles with pipeline to ease housing prices

Posted at 08:26h in Asia

Singapore’s Housing & Development Board (HDB) has announced that it would launch about 19,600 new flats this year over three Build-To-Order (BTO) exercises.This is the fewest number of new flats offered since 2021. For comparison, 17,100 flats were available in 2021; 23,200 flats in 2022;...

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17 Jan BP appoints Murray Auchincloss as permanent CEO

Posted at 08:09h in Europe

BP CEO Murray Auchincloss speaks at the panel dicscussion during the Abu Dhabi International Petroleum Exhibition and Conference held at ADNEC Exhibition Center on October 2, 2023.Ryan Lim | Afp | Getty ImagesLONDON — Oil and gas major BP appointed Murray Auchincloss as permanent CEO,...

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17 Jan Chinese traders ignore warning in chase for Japanese stocks, bidding ETF to daily limit of 10%

Posted at 07:39h in Asia

Chinese investors have ignored a warning from the issuer of the largest onshore exchange-traded fund (ETF) tracking the Japanese market, bidding the fund higher as they chase gains in the stocks.The China AMC Nomura Nikkei 225 ETF rose to the daily limit of 10 per...

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17 Jan ‘Chronic disappointment’: global funds make big cut in China stock allocation amid entrenched pessimism on economy, policies

Posted at 06:30h in Asia

More global fund managers are turning away from Chinese stocks due to “chronic disappointment” with the economic outlook and market slump, trimming their allocations by the most since April, according to a Bank of America survey. Japan remains the undisputed favourite market.Investors cut the...

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