Nvidia CEO says will balance compliance and tech advances under Trump

The US chipmaking giant this week reported record high quarterly revenue on the back of strong AI chip demand, though investors are wary of US-China tensions reheating during a new Trump term.
23 November 2024, 06:09 AM

Japan approves $140b stimulus

Japan’s minority government signed off Friday on a $140-billion stimulus drive aimed at putting more money in consumers’ pockets after the ruling party’s worst election result in 15 years.
22 November 2024, 18:00 PM

Bitcoin tops $95,000

Bitcoin hit a record Thursday, topping $95,000 for the first time as it benefits from expectations that president-elect Donald Trump will push through measures to ease regulation of the unit.
21 November 2024, 18:00 PM

Civil war economy hits Myanmar garment workers

As civil war pounds Myanmar’s economy and drives up prices, garment worker Wai Wai often starts her shift making clothes for international brands on an empty stomach.
21 November 2024, 18:00 PM

Sri Lanka's president makes U-turn on IMF bailout

The $2.9 billion loan secured early last year required Colombo to sharply raise taxes, remove generous energy subsidies and agree to restructure more than 50 loss-making state enterprises.
21 November 2024, 07:54 AM

Nvidia crushes earnings expectations on AI chip demand

Nvidia reported quarterly sales of $35.1 billion, some $2 billion more than market expectations.
21 November 2024, 05:49 AM

Adani plunges in Mumbai on founder's charges as Asian markets retreat

Several listed subsidiaries of the Adani empire collapsed in early trade, with some losing as much as 20 percent
21 November 2024, 04:49 AM

Adani dollar bonds tumble after US bribery charges

US authorities said on Wednesday that Adani Group Chairman Gautam Adani and seven other defendants agreed to pay about $265 million in bribes to Indian government officials.
21 November 2024, 04:42 AM

Inditex boosts fast fashion flights from India to avoid shipping delays

Zara owner Inditex has sharply increased its use of air freight to bring clothes from factories in India to its logistics hub in Spain to avoid shipping delays, according to trade data, industry experts, and investors.
20 November 2024, 18:00 PM

Nokia wins 'multi-billion' dollar deal in India

Sources familiar with the talks told Reuters last month Nokia and Bharti were nearing a deal worth several billion dollars to expand Bharti's network in India.
20 November 2024, 09:01 AM

UK annual inflation jumps on higher energy bills

The Consumer Prices Index reached 2.3 percent from a three-year low of 1.7 percent in the 12 months to September, the Office for National Statistics said in a statement
20 November 2024, 08:09 AM

Bitcoin breaches $94,000 for the first time

It was last at $92,104 in Asian hours on Wednesday, having touched a record high $94,078 just toward the end of the previous session.
20 November 2024, 06:57 AM

IMF, Ukraine, reach agreement on $1.1 bn loan disbursement

The swift agreement, which comes just over two months after the last one, will provide Ukraine with a large injection of funds amid Russia's ongoing assault on the country, which entered its 1000th day on Tuesday.
20 November 2024, 05:49 AM

Trump names China hawk Howard Lutnick as US commerce secretary

Lutnick will also lead the country's tariff and trade agenda, with "additional direct responsibility for the Office of the United States Trade Representative," Trump said in a statement.
20 November 2024, 05:41 AM

Tata seals deal for iPhone plant in Tamil Nadu

India’s Tata Electronics has agreed to buy a majority stake in Taiwanese contract manufacturer Pegatron’s only iPhone plant in India, forming a new joint venture that strengthens Tata’s position as an Apple supplier, two sources told Reuters.
19 November 2024, 18:00 PM

US to call for Google to sell Chrome browser

The US will urge a judge to make Google-parent company Alphabet sell its widely used Chrome browser in a major antitrust crackdown on the internet giant, according to a media report Monday.
19 November 2024, 18:00 PM

UK and India to resume stalled free trade talks

Britain and India will resume stalled talks to agree a free-trade deal, the two countries said after their leaders met at the G20 summit in Brazil.
19 November 2024, 18:00 PM

Boeing announces almost 2,200 layoffs at historic sites

Boeing intends to cut almost 2,200 jobs in the US state of Washington, which is home to many of its oldest factories, according to a statement released Monday.
19 November 2024, 05:27 AM

Can the Trump-Musk 'bromance' last?

Can the bromance between the world's wealthiest man and the soon-to-be US president survive some major policy differences and their own combustible personalities?
19 November 2024, 05:20 AM

Is AI’s meteoric rise beginning to slow?

A quietly growing belief in Silicon Valley could have immense implications: the breakthroughs from large AI models -– the ones expected to bring human-level artificial intelligence in the near future –- may be slowing down.
18 November 2024, 18:00 PM