Naphjas Inc. |

15 Mar Hong Kong stocks slide for third day as China holds key policy rate, odds on US rate cut weaken amid strong inflation reports

Posted at 02:50h in Asia

Hong Kong stocks dropped for a third day after China’s central bank left a key policy rate unchanged and traders scaled back bets on an imminent rate cut in the US after producer prices accelerated faster than market consensus.The Hang Seng Index slumped 1.3 per...

15 Mar Apple buys Canadian start-up DarwinAI after falling behind Microsoft, Google in generative AI

Posted at 02:44h in Asia

Apple has acquired Canadian artificial intelligence (AI) start-up DarwinAI, adding technology to its arsenal ahead of a big push into generative AI in 2024.The iPhone maker purchased the business earlier this year, and dozens of DarwinAI’s employees have joined Apple’s artificial intelligence division, according to...

15 Mar What is wCBDC and why is it important for Hong Kong?

Posted at 01:30h in Asia

The HKMA will also develop common standards by forming an “architecture community”, which has already attracted interest from some of the largest banks and technology companies, such as HSBC, Standard Chartered, Bank of China (Hong Kong), Ant Group, Microsoft and Hashkey Group.Here are some of...

14 Mar Chinese EV builder Nio says it is working with CATL to develop batteries with longer lifespans

Posted at 23:00h in Asia

The two companies aim to churn out EV batteries that can last for as long as 15 years, nearly double the current average lifespan of such batteries of about eight years, which could help EV users save tens of thousands of yuan, they said.“Battery safety,...

14 Mar Left with few options, major U.S. airlines are using Boeing’s safety crisis as leverage

Posted at 18:26h in Canada

Airline executives are frustrated with Boeing as its safety crisis has upended their business plans. But in a tight market for large aircraft supplied by two companies, they have little choice but do business with the U.S. plane maker.Despite some public displays of alarm —...

14 Mar Abu Dhabi-backed newspaper buyout is sparking panic

Posted at 16:03h in Europe

Copies of The Daily Telegraph newspaper on a newsstand in a shop in London, UK, on March 12, 2024 (L), and UAE Vice President Sheikh Mansour bin Zayed al-Nahyan speaking at COP28 on Dec. 1, 2023.Getty ImagesDUBAI, United Arab Emirates — Mansions, university facilities, think tanks,...

14 Mar AB InBev slides after trading suspension as Altria sells stake

Posted at 15:54h in Europe

AB InBev Budweiser and Bud Light brand beer cans at a store in the Queens borough of New York on Feb. 28, 2024.Bloomberg | Getty ImagesShares of AB InBev, the world's biggest brewer, slipped more than 4% Thursday as trading resumed following a brief suspension...

14 Mar Federal government reveals it ordered national security review of TikTok

Posted at 14:50h in Canada

The federal Liberals say they ordered a national security review of popular video app TikTok in September 2023 but did not disclose it publicly."This is still an ongoing case. We can't comment further because of the confidentiality provisions of the Investment Canada Act," a spokesperson for Industry...

14 Mar Dollar Tree is closing nearly 1,000 U.S. stores a decade after ‘botched’ acquisition

Posted at 14:45h in Canada

Dollar Tree swung to a surprise fourth-quarter loss and will close nearly 1,000 U.S. stores after slashing the value of a rival chain it acquired almost a decade ago.Dollar Tree plans to close about 600 Family Dollar stores in the first half of this year, along...

14 Mar Tencent snaps up some of ByteDance’s ditched video gaming projects amid industry consolidation, people say

Posted at 14:00h in Asia

LightSpeed Studios, one of Tencent’s key gaming units and the maker of popular title PUBG Mobile, has absorbed a project in Shenzhen previously owned by ByteDance’s Gravity Studio and an open-world project belonging to ByteDance’s Jiangnan Studio in Hangzhou, according to people familiar with the...

Author: admin