News
US Justice Department accuses two Chinese men of trying to smuggle Nvidia chips
Prosecutors estimate that the scheme had been in operation since at least November 2023, according to court documents[WASHINGTON] Two Chinese men are in custody for allegedly smuggling Nvidia H100...
Vietnam’s Vingroup to develop US$3 billion ecosystem in Telangana, strengthens India push
VinFast, despite its ongoing global expansion, continues to report widening losses[HANOI] Vietnam’s largest conglomerate Vingroup on Tuesday (Dec 9) signed a memorandum of understanding with Telangana’s state government for...
Chinese clean-energy foreign investment surging, says think tank
CHINESE foreign investment in green power jumped to US$80 billion in the past year as Beijing leveraged its dominance in energy transition technologies, according to Climate Energy Finance (CEF).The...
Hong Kong asks investment banks to ensure IPO applications maintain standards
More than 300 companies have filed to list in the city, most of them from mainland China[HONG KONG] Investment banks preparing Hong Kong initial public offering (IPO) applications have...
Online child safety advocates urge California lawmakers to increase protections
SACRAMENTO — Julianna Arnold wasn’t alarmed when her teen daughter first joined Instagram.Many people her age were using it. And her daughter Coco had a social life and other hobbies, like...
Singapore Paincare privatisation bid fails as offeror fails to meet conditions by deadline
[SINGAPORE] A privatisation offer for medical services company Singapore Paincare has fallen through, as the offeror, Advance Bridge Healthcare, was unable to satisfy the conditions of the scheme of...
Wall Street subdued at open as investors await key inflation report
[NEW YORK] Wall Street’s main indexes had a subdued open on Friday (Dec 5) as investors avoided large bets and awaited a long-delayed key inflation report that could shape...
Singapore digital infrastructure company EFGH to pursue US listing via Spac
It has entered into a business combination agreement with WinVest Acquisition Corp[SINGAPORE] Singapore-headquarted financial Internet infrastructure company Embed Financial Group Cayman Holdings (EFGH) plans to list in the US...
X hit with 120 million euros EU fine for breaching content rules, TikTok settles
Europe’s Big Tech crackdown to boost competition and consumer choice has drawn criticism from Trump’s administration[BRUSSELS] Elon Musk’s social media company X was fined 120 million euros (S$181 million)...
A safety report card ranks AI company efforts to protect humanity
Are artificial intelligence companies keeping humanity safe from AI’s potential harms? Don’t bet on it, a new report card says.As AI plays an increasingly larger role in the way...
