HONG KONG: China’s Tencent Holdings plans to sell all or a bulk of its $24 billion stake in food delivery firm Meituan to placate domestic regulators and monetise an eight-year-old investment, four sources with knowledge of the matter said. Read full storyContinue Reading
US semiconductor giant Micron is to invest US$40 billion (£33 billion) during the 2020s in chip manufacturing in America, creating 40,000 jobs. This is on the back of incentives in the recent US Chips Act, which has also unlocked major investments from fellow US players Intel and Qualcomm. The EU is also making moves to […]
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Apple Inc laid off many of its contract-based recruiters in the past week, part of a push to rein in the tech giant’s hiring and spending, according to people with knowledge of the matter. Read full storyContinue Reading
BEIJING: Chinese lithium center Sichuan province will ration electricity supply to factories until Saturday (Aug 20), state mass media reported, as a heatwave sends power needs soaring and dries up reservoirs. Temperatures in the province – house to nearly 84 million people – have hovered over 40 to 42 degreesContinue Reading
Only 52 per cent of respondents said their employers provided them remote working options.Continue Reading
When US President Joe Biden sat down next to Israeli Prime Minister Yair Lapid in front of a large screen in a Jerusalem hotel last month, it appeared as if the usual post-pandemic videoconference was about to unfold. But on the other end of the video call were two more world leaders, President Mohamed bin Zayed of […]
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To help MSMEs generate capital in order to expand their online businessesCollaboration enables companies to go from offline to online AmBank has partnered with e-commerce platform Lazada to provide holistic options and additional facilities to help empower Malaysiaâs micro, small and medium enterprises (MSMEs) field. ÂIn a declaration, the bank said…Continue Reading
Kuomintang (KMT), Taiwan’s largest opposition party, was stuck in the geopolitical middle right after sending a delegation to mainland China, a move that stoked criticism on both sides of the stressed Taiwan Strait. The particular KMT, which ruled mainland China between 1925 and 1948, last week sent the delegation to the mainland and will meet Taiwanese firms […]
The post Taiwan’s KMT reaches out within vain to the mainland appeared first on Asia Situations .
The government is producing slow progress within bringing down high gasoline prices, says Kla Party leader Korn Chatikavanij. More serious issues will follow unless the particular fuel price crisis is addressed soon, he said upon Monday.Continue Reading
Afghan contractors left behind when the Taliban seized power tell the BBC they feel tricked.Continue Reading