Asian shares mostly slipped Wednesday, as worries lingered about the coronavirus omicron variant’s potential damage to the regional economy following mixed cues from Wall Street. Japan’s benchmark Nikkei 225 lost 0.9% in morning trading to 28,809.86. South Korea’s Kospi slipped 0.9% to 2,993.38, while Australia’s S&P/ASX 200 jumped 1.2% to 7,510.80. Hong Kong’s Hang Seng […]
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Asian shares rose Tuesday, although optimism set off by a rally on Wall Street was dampened by concerns over the potential impact of the omicron variant of the coronavirus. Japan’s benchmark Nikkei 225 jumped 1.4% to finish at 29,069.16. South Korea’s Kospi gained 0.5% to 3,015.63. Hong Kong’s Hang Seng recouped early losses to edge […]
Beijing is planning to further tighten its grip on its tech sectors as its intensified its tech policies and regulations for overseas listing for China rising tech start-ups. China’s months-long regulatory campaign on its tech titans has left companies craving the sellout of their stakes abroad in order to register with the proposed guidelines by […]
Asian shares were mostly higher on Tuesday after a worldwide slump for financial markets spurred by worries about how badly the omicron variant, inflation and other forces will hit the world economy. Tokyo gained nearly 2% and other benchmarks in Asia also were higher. Much of the concern over the outlook has been driven by […]
After losing appeals for being delisted from the New York Stock Exchange (NYSE), state-owned operator, China Mobile Ltd. revealed intentions of raising $7.64 billion in a Shanghai listing on Tuesday. The move will mark the largest equity fundraisings for 2021 and came due to the NYSE decision to adhere to an investment blacklist presented by […]
Voi raises $115m in an oversubscribed new financing round from investors led by the Raine Group and VNV Global, after a record year for operations Voi has now raised $430m in total since it was founded three years ago. New financing package brings total 2021 fundraising to $160m Voi’s mission is to provide a multi-modal transport […]
A week after removing its listing from Hong Kong Stock Exchange, Chinese Artificial Intelligence (AI) startup, SenseTime Group, relaunched its $767 million initial public offering (IPO) on Monday. The company pulled out its offering amidst escalating geopolitical tension between China and the U.S. after Washington accused the firm of creating facial recognition tools to identify […]
E-commerce giant Alibaba eased its financial backers during its annual Investors’ Day on Friday as the company maintained its rise and is seeking to explore operational environmental sustainability goals by 2030. Over the past year, the Chinese titan has been fighting off a bundle of challenges directed at it, be it regulatory or in-house challenges, […]
In the months since President Joe Biden warned Russia’s Vladimir Putin that he needed to crack down on ransomware gangs in his country, there hasn’t been a massive attack like the one last May that resulted in gasoline shortages. But that’s small comfort to Ken Trzaska. Trzaska is president of Lewis & Clark Community College, […]
European Union (EU) lawmakers backed a set of new rules on Wednesday directed at breaking down the authority of the Big Tech league in an unprecedented act to restrict their influence. The Digital Market Act (DMA) was structured to restrict limitations on these companies’ demeanor, in addition to imposing rules directed at their plans to […]