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Jul 26, 20242 min read

Russia and China Embrace Digital Payments Amid Trade Sanctions

Russia and China resort to digital payments to overcome trade settlement challenges.

Jul 26, 20242 min read

Alibaba Cloud Introduce OBS Cloud 3.0 for the Paris 2024 Olympics

Alibaba Cloud and Olympic Broadcasting Services (OBS) have announced the release of OBS Cloud 3.0 for the Paris 2024 Olympic Games. This...

Jul 26, 20241 min read

Grab Cancels Trans-cab Acquisition Following Singapore Watchdog's Decision

Grab discontinues its acquisition of Trans-cab, Singapore's third-largest taxi operator.

Jul 25, 20242 min read

AI Frenzy Cools, Sending Nasdaq 100 Plummeting by US$1 Trillion

Investor sentiment sours on AI, leading to a US$1 trillion Nasdaq 100 decline. Alphabet Inc.'s earnings report triggers market sell-off.

Jul 25, 20242 min read

Nvidia Approves Samsung's HBM3 Chips for China-market Processor

Nvidia approves Samsung's HBM3 chips for use in Chinese market processor. Samsung's HBM3 chips initially integrated into Nvidia's H20 GPU

Jul 25, 20242 min read

IBM Sees Boost in Software and AI Demand While Consulting Declines

IBM beats analysts' revenue expectations and raises software growth forecast. Software revenue up by 7% in the quarter.

Jul 24, 20242 min read

PDD-Owned Temu's First-Half Sales Soar to US$20 Billion, Surpassing 2023 Total

Temu's GMV surged to US$20 billion in the first half of the year, surpassing its 2023 total sales.

Jul 24, 20242 min read

India Slashes Import Tax on Smartphones, Providing a Boost for Apple

India reduces import duty on mobile phones and key components from 20% to 15%. Apple to benefit significantly from the tax cut

Jul 23, 20243 min read

Alphabet Set to Report Double-Digit Q2 Growth; AI Adoption and Rising Costs in Focus

Alphabet expected to report nearly 14% rise in quarterly revenue. AI adoption and rising costs to be key focus areas.

Jul 23, 20242 min read

CrowdStrike Shares Plummet 13% Following IT Outage Fallout

CrowdStrike shares plummet 13% following global cyber outage. Concerns over reputational damage, delays in new contracts, and legal battles.

Jul 22, 20243 min read

Taiwan Tech Stocks Take a Hit as Biden Withdraws from U.S. Presidential Race

Taiwanese tech stocks experienced a decline after Joe Biden withdrew from the U.S. presidential race. TSMC, MediaTek, United Microelectronic

Jul 21, 20242 min read

Apple in Talks to Secure Licensing Rights for More Hollywood Films

Apple is in talks with Hollywood studios to acquire licensing rights for additional films.

Jul 20, 20242 min read

Indonesia to Launch Nickel and Tin Online Tracking System Next Week

Indonesia will launch an online tracking system, SIMBARA, for nickel and tin shipments next week.

Jul 20, 20242 min read

Saudia Places Largest Order Yet for Germany’s Lilium Flying Taxis

Lilium secures its largest order yet from Saudia Group for up to 100 all-electric flying shuttles. The deal includes a firm order for 50...

Jul 19, 20242 min read

Nokia Reports 32% Decline in Profit, Expects Recovery in Second Half

Nokia reports a 32% drop in operating profit for Q2 2024. Due to weak demand for 5G telecom equipment.

Jul 19, 20242 min read

Meta in Talks to Acquire 5% Stake in Ray-Ban Maker EssilorLuxottica

Meta Platforms is in talks to acquire a 5% stake in EssilorLuxottica, the maker of Ray-Ban sunglasses.

Jul 19, 20242 min read

Tesla's California Car Registrations Decline for Third Consecutive Quarter

Tesla's California car registrations fell by 24% in the second quarter, marking the third consecutive quarter of decline.

Jul 18, 20242 min read

Google and Microsoft Extend Nvidia Chip Access to Chinese Companies

Google and Microsoft are offering Chinese companies access to Nvidia's AI chips through data center services outside of China.

Jul 18, 20241 min read

US Considers Tougher Trade Rules in China Chip Crackdown

The US is considering tougher trade restrictions on China's access to advanced semiconductor technology. Companies like Tokyo Electron and

Jul 17, 20242 min read

Fujitsu Invests in Cohere, a Rival to OpenAI, to Develop Japanese Language Model

Fujitsu invests in Cohere, a rival to OpenAI, to develop a Japanese language model called Takane. Takane will have a parameter count of 50

Jul 17, 20241 min read

Apple Secures First Batch of TSMC's 2nm Chips for iPhone 17 Series

Apple secures first batch of TSMC's 2nm chips for iPhone 17 series. TSMC's 2nm process technology expected to offer a 10-15% performance

Jul 17, 20242 min read

Digital platform Qifa Expands to Facilitate Russia-China Trade and Payments

Qifa expands into facilitating two-way trade between Russia and China to address payment challenges. Strong demand for industrial goods from

Jul 16, 20241 min read

Apple's India Sales Surge by 33% to Nearly US$8 Billion Last Year

Apple's sales in India surged by 33% to nearly US$8 billion in the fiscal year ending in March. iPhones accounted for more than half of the

Jul 16, 20241 min read

Global Smartphone Market Grows 6.5% in Q2, Led by Samsung and Apple

Global smartphone shipments grew by 6.5% in Q2, driven by Samsung and Apple. Smartphone makers are focusing on AI to attract consumers and