Why the US government is trying to ban TikTok
Almost half of all major Chinese cities are sinking, study says
Toxic: How the search for the origins of COVID-19 turned politically poisonous
Singapore sports round-up (15-21 April): Marc Brian Louis wins at S'pore Open, StarHub Football Festival at OTH
An arthritis drug helps old dogs, but some owners worry about side effects
Stories for you
- BusinessReuters
Taiwan chipmaker UMC warns of muted auto, industrial demand
Taiwanese chipmaker UMC said on Wednesday it expected a rise in wafer shipments in the second quarter as inventory levels for computing, consumer and communications segments improved, but warned of muted auto and industrial demand. Investors have been on edge about chip demand after UMC's much larger peer TSMC shocked the market last week by dialling back its expectations for the sector's growth this year, especially in more mature technologies used in sectors like autos. United Microelectroni
2-min read - BusinessReuters
Tesla jumps as Musk's promise of 'more affordable' cars eases growth fears
The news cheered up investors who were bracing for the worst after a tumultuous week at Tesla that saw big layoffs, executive exits, price cuts and the postponement of a highly touted meeting with the Indian prime minister. It also helped Wall Street shrug off the company's weak results that included its first quarterly revenue decline in nearly four years and a lower-than-expected profit. "First impression for us is CEO Elon Musk is appeasing the market by accelerating new product launches,"
2-min read - NewsAFP News
Blinken back in China seeking pressure but also stability
US Secretary of State Antony Blinken returned Wednesday to China on his second visit in a year, as the United States ramps up pressure on its rival over its support for Russia while also seeking to manage tensions with Beijing. But Blinken is also seeking to stabilise ties, with tensions between the world's two largest economies palpably easing since his last visit in June.
4-min read - PoliticsHuffPost
Joe Biden Hits Trump With Biblical Burn Over His Latest Shady Business Scheme
The audience laughed out loud as Biden mocked Trump's most recent venture.
2-min read - NewsAFP News
EU opens probe into China's medical device market
The European Union on Wednesday announced a probe into China's medical devices market, prompting an immediate accusation from Beijing that the bloc was engaging in "protectionism".China's medical devices market is the second largest after the United States, worth around 135 billion euros in 2022 ($145 billion), according to a 2023 report by China-focused think tank MERICS. The EU probe is the first under the bloc's International Procurement Instrument which seeks to promote reciprocity in access
3-min read - BusinessReuters
SK Hynix to invest $3.86 billion in DRAM chip production base in South Korea
South Korean memory chipmaker SK Hynix said on Wednesday it plans to invest 5.3 trillion won ($3.86 billion) to build a chip factory for a new dynamic random access memory (DRAM) chip production base in South Korea. The Nvidia supplier plans to start construction at the chip factory, called M15X, at the end of April with an aim to complete it by November 2025 for mass production. Including a planned gradual increase in equipment investments, the total investment in the new production base is e
1-min read - BusinessAFP News
Asian stocks rise on earnings optimism as US data approaches
Asian equities extended the week's gains Wednesday following a strong rally on Wall Street and another record in London, as traders cheered more upbeat earnings reports and data indicating a slowdown in US economic activity.Asia continued the week's rally, with Tokyo, Hong Kong, Seoul and Taipei up more than two percent, while Wellington and Manila gained more than one percent higher.
3-min read
