Thousands of Canadian small businesses face bankruptcy risk as pandemic-era support ends
The Canadian small business landscape is facing a precarious situation as the government’s pandemic-era support measures come to an end, coinciding with a slowing economy [more…]
CEO Mark Zuckerberg’s ‘Year of Efficiency’ pays off as Meta doubles operating margin and slashes expenses
Shares of Meta surged on Friday following the release of its fourth-quarter earnings report, which showed a significant increase in profit and the announcement of [more…]
Amer Sports IPO debut on NYSE with 5% jump
Amer Sports, the Finnish athletic company known for brands like Wilson tennis rackets and Arc’teryx, made its debut on the public markets with a 5% [more…]
Lewis Hamilton to leave Mercedes, join Ferrari in multi-year deal
In a surprising turn of events, seven-time Formula One world champion Lewis Hamilton has announced that he will be leaving Mercedes at the end of [more…]
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…]
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…]