Hong Kong banks keep prime rates steady with HKMA decision
In a move aimed at providing stability amidst economic challenges, major banks in Hong Kong have announced that they will keep their prime lending rates [more…]
Author: A.R.
MediaTek’s 2023 revenue hits NT$433.4 billion, expects growth despite global uncertainties
Taiwanese fabless chipmaker MediaTek has announced its consolidated revenue for the year 2023, reporting NT$433.4 billion (US$13.82 billion) in revenue. The company’s gross profit for [more…]
AliExpress faces complaints in South Korea, prompting calls for government action
AliExpress faces a surge in complaints in South Korea. The number of complaints submitted to the Consumers Union of Korea (CUK) and the 1372 call [more…]
Nvidia takes pre-orders for China specific A.I. chip
Nvidia has commenced pre-orders for its latest China-specific artificial intelligence (AI) chip, the H20, through distributors who are pricing it on par with a rival [more…]
TikTok removes Universal Music Group songs in licensing dispute
Songs from several artists signed to Universal Music Group (UMG) have disappeared from TikTok following a failure to reach a new licensing deal, triggering a [more…]
Saudi Arabia and Morocco forge closer economic ties with landmark agreement
Saudi Arabia and Morocco have taken a significant step towards enhancing their economic partnership with the signing of a new agreement between the chambers of [more…]
Air New Zealand set to launch its ‘Skynest’ bunk beds in September
Air New Zealand is set to revolutionize long-haul travel with the launch of its innovative ‘Skynest,’ aimed at enhancing the comfort of economy class passengers. [more…]
Australia’s inflation slows, raising expectations for interest rate cut
Australia’s inflation eased to a two-year low in the December quarter, driven by slower increases in food and fuel prices, sparking speculation that the Reserve [more…]
Adidas contemplates writing off 300 million Euros in unsold Yeezy inventory
Adidas made a strategic decision to refrain from writing off the majority of its unsold Yeezy inventory and instead plans to sell the remaining shoes [more…]
PGA Tour receives $3 billion investment from U.S. consortium
The PGA Tour, a prominent professional golf organization, has announced a groundbreaking investment agreement with a U.S. consortium worth up to $3 billion. Strategic Sports [more…]