Major Asian stock indexes were mostly higher on Thursday after President Joe Biden held his first conversation with Chinese leader Xi Jinping since taking office. Many markets in Asia were closed for the Lunar New Year and other holidays. Benchmarks in Hong Kong, India and Sydney advanced while Singapore and Thailand declined. With much of […]
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Micro-blogging giant Twitter seems to be in hot water on multiple fronts this week, as its previous suspension of former U.S. President Donald Trump’s account during his last days in office seem to be haunting the platform. The social media company is facing freedom of speech and regulation-oriented debates over the content that’s being pushed […]
Japanese telecommunications and technology conglomerate Softbank Group Corp. reported Monday a whopping 1.17 trillion yen ($11 billion) profit for the October-December quarter as its investments rose in value. SoftBank’s profits were far better than what analysts had expected, zooming up 21-fold from the 55 billion yen profit recorded the previous year. The value of its […]
The international market for Electric Vehicle (EV) charging stations is forecast to undergo rapid expansion, according to a report released Tuesday by business survey company MarketsandMarkets. The study, “Electric Vehicle Charging Station Market” – by Level of Charging (Level 1, Level 2 & Level 3, By Charging Infrastructure (Normal Charge, Type-2, CCS, CHAdeMO and Tesla […]
Even after stepping aside as CEO, Amazon founder Jeff Bezos will likely keep identifying new frontiers for the world’s dominant e-commerce company. His successor, meanwhile, gets to deal with escalating efforts to curtail Amazon’s power. Tuesday’s announcement that Bezos will hand off the CEO job this summer came as a surprise. But it doesn’t mean […]
Popular online trading platform Robinhood said Monday that it has lined up $3.4 billion to help meet its funding requirements amid a spike in trading on Wall Street fueled by small investors driving up shares in GameStop and other stocks. The funds are being provided by Ribbit Capital and several other venture capital firms, including […]
Budget smartphone manufacturer Xiaomi has filed a lawsuit against the U.S. government, seeking its removal from Washington’s blacklist of alleged Chinese Military companies. The company’s designation on the list places it under an executive order that restricts U.S. investors from purchasing any shares or stakes from it. In response, Xiaomi filed a lawsuit on Friday […]
It’s a fable for our times: Small-time investors band together to take down greedy Wall Street hedge funds using the stock of a troubled video-game store. But the revolt of online stock-traders suggests much more. The internet is shifting society’s balance of power in unanticipated ways. And the same tools that empower the little guy […]
Taiwan’s largest telecoms operator, Chunghwa Telecom, announced on Tuesday plans to drastically increase capital expenditures by a record high 82.8 percent to $1.5 billion for 2021, the company said. The plan – expected to raise revenues by one percent – will include accelerated deployment of its 5G networks, submarine cables, and data centers across the […]
Many of Big Tech’s expected future regulatory challenges are a result of their own making – as in the case of Facebook, Google, and Amazon. These companies are being charged by some countries with monopolistic tendencies, prompting some of the regulators in states to send warnings to these firms so they can get their act […]