News
Asia tech rout resumes as stocks slide on AI valuation fears
[ad_1] ASIA’S tech-heavy markets slumped as sell-offs in sector leaders resumed on mounting concerns over stretched artificial intelligence (AI)-related valuations.South Korea’s Kospi index fell 3.8 per cent on Friday (Nov...
Intel CEO Tan Lip-Bu denies claims new hire stole TSMC trade secrets
[ad_1] The executive is alleged to have taken proprietary knowhow from his former employer just before his departure[SAN FRANCISCO] Intel chief executive officer Tan Lip-Bu dismissed reports about a new...
Maybank Q3 profit up 3.3% at RM2.62 billion
[ad_1] [SINGAPORE] Maybank’s net profit for the third quarter ended Sep 30 rose 3.3 per cent to RM2.62 billion (S$828 million), from RM2.54 billion in the same period a year...
US accuses four of smuggling advanced Nvidia chips to China
[ad_1] The Commerce Department has barred all the chips involved from export to the Asian nation[FLORIDA] Federal prosecutors charged two Chinese nationals and two US citizens with a scheme to...
Foxconn can make 1,000 AI racks a week, to increase next year, chairman says
[ad_1] The company has been expanding beyond electronics into electric vehicles and AI data centres[TAIPEI] Foxconn chairman Liu Young said on Friday (Nov 21) that the company now had the...
Indonesia’s US$52 billion fund to invest 5% of assets abroad
[ad_1] The plan marks a key shift for BPJS TK has outgrown Indonesia’s shallow capital markets.[JAKARTA] Indonesia’s largest social security fund is poised to invest as much as 5 per...
Joby Aviation sues air-taxi rival Archer over trade secrets
[ad_1] eVTOL aircraft firms are racing to bring their vehicles to market, aiming to meet a demand for faster, more sustainable urban transportation[WASHINGTON] Electric air-taxi company Joby Aviation has sued...
Salesforce says customer data possibly exposed following incident
[ad_1] The company is investigating “unusual activity” involving Gainsight-published applications[WASHINGTON] Salesforce said on Thursday (Nov 20) that it is investigating “unusual activity” involving Gainsight-published applications that may have exposed customer...
Singapore Paincare settles dispute over claims worth S$350,000 to S$450,000
[ad_1] [SINGAPORE] Singapore Paincare has entered a settlement to resolve a dispute with an individual who claimed the company owed her a sum between S$350,000 and S$450,000 for services rendered....
Deutsche Bank warns of Japan capital flight in echo of UK crisis
[ad_1] Concerns over Takaichi’s spending plans have sent government bond yields to multi-decade highs and the yen has weakened to its lowest level since January[LONDON] Sanae Takaichi’s spending plans have...
