China roars as US presses ByteDance to sell TikTok

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In: Asia, Technology

Responding to the Biden administration’s request that China’s ByteDance sell its stake in TikTok for national security reasons, Beijing has complained that the United States is “suppressing” Chinese companies. The Committee on Foreign Investment in the United States (CFIUS), an inter-agency committee of the US government, told ByteDance that if it doesn’t dispose of TikTok’s […]Continue Reading

US bank cracks weakening global financial system

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In: Asia, Business, Finance
Silicon Valley in California has long been the recipient of investments from China and this trend is now growing, along with the opportunities that blockchain presents. Photo: iStock/NASA

US regulators’ swift reaction to the collapse of Silicon Valley Bank and two other lenders partially restored calm to markets, but concerns remain over the stability of the global financial system. The government is racing to orchestrate a US$30 billion rescue of First Republic Bank by the nation’s largest financial institutions after the California lender’s […]Continue Reading

Singapore PC Market Fell 11% in 2022 Says IDC

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In: Technology

Expects the PC Market in Singapore to Fall 17% in 2023
Inventory corrections, dwindling private demand, and drop in public projects possible reasons Singapore’s PC market declined 11% in 2022, totalling 1 million units shipped to the country, according to the recent IDC Worldwide Quarterly Personal Computing Device Tracker. This decrease can…Continue Reading