Hong Kong’s Hang Seng jumps 2% as tech stocks rally; China’s December inflation slows
Chinese markets rose on Wednesday, tracking gains in other Asia-Pacific markets. U.S. markets also rallied overnight as comments from the…
Category: World
S.Korea Authorises Novavax COVID-19 Vaccine, Imports Pfizer Pills
South Korea is turning to additional pharmaceutical tools as it looks to pre-empt a surge of COVID-19 omicron infections, authorising…
Bolt Now Valued Above $8bn After Raising $712m To Expand Product Lines
Bolt, a ride-hailing company, says it has raised $712 million (€628 million) to expand its transportation and food delivery super…
Venture Capital Firm Kleiner Perkins Raises $1.8 Bln Via Two New Funds
Venture capital firm Kleiner Perkins said on Tuesday it had raised $1.8 billion through two new funds, as it aims…
French Refurbished Smartphone Seller Back Market Valued At $5.7 Bln
Back Market, the French marketplace dedicated to refurbished smartphones and electronic devices, said on Tuesday it had closed an investment…
Israeli Security Startup Pentera Raises $150 Mln In Funding Round, Eyes IPO
Israeli cybersecurity firm Pentera has raised $150 million in its latest funding round, taking the company’s value to $1 billion,…
Gmail Hits 10 Billion Installs On Android, Becomes Fourth To Surpass Milestone
Total number of Gmail app installations has surpassed 10 billion on android, emerging the fourth app on Google play store…
Israel’s One Zero Digital Bank Gains Full Licence
One Zero Digital Bank has received final regulatory approval for a full banking licence, the Bank of Israel said on…
Testing Firms To Lose Revenues As U.K. Abolishes Pre-Arrival Covid Tests
The United Kingdom has abolished the requirement for a negative PCR result to enter the country dealing a blow to…
Shares of Chinese developer Shimao jump on report that it’s selling all of its real estate projects
Shares of Shimao spiked nearly 7% on Monday after Chinese business publication Caixin reported the embattled developer is selling all…
Sonos Wins Google Import Ban Ruling In U.S. Patent Fight
A U.S. trade court barred Google late Thursday from importing products that infringe home-audio company Sonos’ smart-speaker patents. The U.S.…
Goldman-Backed Digital Bank Starling Boycotts Meta Over Scam Ads
British digital bank Starling says it is boycotting Facebook parent company Meta over its failure to tackle fraudulent financial adverts.…
Google Acquires Israel-Based Cybersecurity Startup, Siemplify For $500 Million
American multinational technology company, Google has acquired Siemplify, an Israel-based cybersecurity startup that specializes in end-to-end security services for enterprises,…
Google To Improve ‘Android To Windows PC’ Integration
Google has announced it is investing in more helpful ways to make android and windows PC devices work better. The…
Tech Company STMicro Reports Higher Than Expected Q4 Sales, Lifting Its Shares
Franco-Italian chipmaker STMicroelectronics said its preliminary fourth-quarter revenues were slightly above the guidance given at the end of October, in…
GameStop Shares Surge On Plan To Enter NFT, Crypto Markets
GameStop Corp is launching a division to develop a marketplace for nonfungible tokens (NFTs) and establish cryptocurrency partnerships, a source…
Singaporean Richest Billionaire, Forrest Li, Loses $10 Billion Of His Fortune
Forrest Li, Chairman and Chief Executive officer of Sea Ltd recently lost a huge chunk of his fortune. Li lost…
Walmart Halves Paid Leave For COVID-Positive Workers
Walmart workers in the United States who must isolate or who have tested positive for COVID-19 will receive one week…
Japan’s Nikkei 225 Drops Nearly 3% As Asia-Pacific Markets Largely Fall
Shares in Asia-Pacific declined on Thursday following losses overnight that saw the Dow Jones Industrial Average notching its first decline…
Grammy Awards Postponed Indefinitely Amid Omicron-Fueled Covid Surge
The 64th annual Grammy Awards show has been postponed indefinitely amid a resurgence of Covid cases, fueled by the omicron…
Nike Sues Lululemon Over Mirror Home Gym
Nike on Wednesday filed a lawsuit accusing Lululemon Athletica of patent infringement for making and selling the Mirror Home Gym…
Meta Sets Out Grounds For UK Appeal On Giphy
Facebook-owner Meta has applied to appeal a British competition watchdog ruling that it must sell Giphy on grounds that include…
Tencent’s WeChat Mini Daily Users In China Grew 13% To 450 Million Last Year
Tencent Holdings’ (0700.HK) Weixin, China’s dominant messaging app which is known as WeChat outside the country, said on Thursday that…
Tencent Raises $3 Bln By Trimming Stake In Shoppee-Owner Sea
Chinese gaming and social media company Tencent Holdings Ltd (0700.HK) has raised $3 billion by selling 14.5 million shares at…
China’s Market Regulator Fines Alibaba, Tencent For Failing To Report Deals
China’s top market regulator said on Wednesday it has fined units of Alibaba Group Holding Ltd (9988.HK), Tencent Holdings Ltd…
Foxconn India iPhone Plant Extends Closure, Workers’ Hostels Inspected -Source
A Foxconn iPhone factory in India at the center of a mass food-poisoning incident will extend a week closure by…
Turkish Lira Slips As Inflation Seen Soaring Higher
The lira slid as much as 4% against the dollar on Tuesday as Turkey girded for inflation to rise further…
Dubai’s Global Ventures Close To Raising $100 Mln Target For Second Fund
Dubai-based Global Ventures is close to meeting a $100 million target for its new fund after attracting investments from Abu…
China Central Bank Launches Digital Yuan Wallet Apps For Android, iOS
China has released pilot versions of its digital yuan wallet application on mobile phone app stores as the country’s central…
Apple Makes History, Hits $3trn Market Capitalisation
Apple Inc. yesterday became the first company with a $3 trillion stock market value. Lifted by investors’ confidence that the…