HKVAEX crypto exchange shuts down in Hong Kong after license bid withdrawal
In a surprising turn of events, HKVAEX, the cryptocurrency exchange affiliated with Binance, has announced its closure in Hong Kong, just three months after initiating [more…]
CCB sees more support from Beijing as profit pressures persist
China Construction Bank (CCB) is eyeing additional policy support from Beijing to strengthen the economy, even as major state-owned lenders grapple with the need to [more…]
Schlumberger expands portfolio with ChampionX acquisition
In a move reflecting the dynamic landscape of the North American energy sector, the top oilfield services company announced on Tuesday its plans to acquire [more…]
Tokyo and Kyoto lead the way as Japan opens up ride-hailing services
Japan has taken a significant step towards addressing its nationwide taxi driver shortage by easing restrictions on ride-hailing services in key urban areas. The move, [more…]
Japan’s Rapidus Corp. receives $3.9 billion boost to semiconductor ambitions
In a move to enhance its semiconductor manufacturing capabilities, Japan has allocated a staggering ¥590 billion ($3.9 billion) in subsidies to chip venture Rapidus Corp. [more…]
Water crisis in Bengaluru sparks concerns of urban flight and economic impact
In the midst of India’s bustling tech hub, Bengaluru, a quiet crisis is unfolding. As the city battles an escalating drought, tech professionals are fleeing, [more…]
RHI Magnesita to acquire Resco Group, expanding U.S. market reach
In a expanding move to strengthen its position in the alumina-based refractories market, Vienna-based RHI Magnesita has unveiled plans to acquire Resco Group, a U.S.-based [more…]
Indian nationals rescued from cyber scam captivity in Cambodia
In a recent turn of events that sounds like a plot straight out of a cyber thriller, the Indian government has successfully rescued and repatriated [more…]
Singapore’s fight against financial crime gets a boost with COSMIC
Singapore’s financial sector is stepping up its game in the fight against financial crime with the launch of a groundbreaking initiative. The Monetary Authority of [more…]
Thailand’s economic growth forecast downgraded
Thailand’s economic growth is facing a challenging road ahead, with the World Bank revising its growth outlook for the country. The latest projections suggest a [more…]