Technology
PBOC to step up support for economy, shifts focus to consumption
CHINA’S central bank said the country’s banks have to do more to foster the real economy in its latest effort to reignite the country’s flagging consumption. The People’s Bank...
Tech-heavy Nasdaq in correction as equity sell-off deepens
WORRIES over tech earnings and a slowing US economy slammed the Nasdaq Composite index on Friday (Aug 2) as it extended recent declines to fall 10 per cent below...
Oil settles at eight-month low after disappointing US job numbers
OIL prices fell on Friday (Aug 2), settling at their lowest since January after data showed the US economy added fewer jobs than expected last month, and weak Chinese...
Justice Department sues TikTok for allegedly violating child privacy laws
The legal pressure on TikTok just got more intense.The U.S. Department of Justice on Friday sued TikTok and its Chinese parent ByteDance for allegedly breaking child privacy laws, accusing...
Intel shares set for record 28% slump as turnaround struggle deepens
INTEL shares sank nearly 28 per cent on Friday and were set for their worst day ever after the company suspended dividend and slashed workforce to fund a costly...
Maersk sees global trade disruptions lasting throughout 2024
THE global transport disruptions caused by the conflict in the Red Sea will last longer than expected and will not be solved this year, according to AP Moller-Maersk, a...
Real estate player CBRE acquires sustainability advisory Paia
CBRE Group, a provider of commercial real estate services, on Thursday (Aug 1) acquired Singapore-based sustainability advisory Paia Consulting.
Founded in 2002, Paia provides clients with sustainability strategy, implementation...
Apple pulls commercial after Thai backlash, calls for boycott
US TECH giant Apple pulled an advertisement set in Thailand after a backlash from lawmakers, influencers and citizens, and calls for a boycott over the short film’s portrayal of...
