SoftBank founder Masayoshi Son has sharply criticised opponents of artificial intelligence, arguing that resistance to the technology is equivalent to rejecting technological progress, as he projected AI would account for 20% of
A highly unusual sexual harassment lawsuit involving JPMorgan Chase has gripped Wall Street and spilled into mainstream culture, after claims surfaced that a male former investment banker was subjected to coercive and degrading conduct by a senior female colleague. The
A fierce family conflict at the heart of one of Malaysia’s most powerful corporate dynasties has escalated into a full-scale boardroom and courtroom battle,
Asian shares retreated from record highs on Friday as investor concern over shrinking profit margins in the technology sector sent tremors through global markets.
Spot silver prices soared to an unprecedented high above $52.50 an ounce, eclipsing the record set during the infamous attempt to corner the global market in 1980. The precious metal climbed as
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Amazon’s Ring is introducing facial recognition for the first time on its home security doorbells and cameras, allowing users to identify friends, family, and neighbors. The feature, called “Familiar Faces,” will be
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ACS Capital, a licensed capital markets firm in Sri Lanka, has announced a strategic partnership with the Edinburgh University Trading & Investment Club (EUTIC), Scotland’s largest student-led investment fund. The collaboration is
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Gold surged to a new all-time high on Wednesday, surpassing $3,500 per ounce, as investors anticipated a possible interest rate cut by the US Federal Reserve this month amid concerns that ongoing
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BlackRock Inc. has paused fundraising for its third Asia-Pacific private credit fund as it integrates its recent acquisition of HPS Investment Partners, adding uncertainty to its ambitions in the region’s fast-growing private
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China has stepped up longer-term liquidity injections into its financial system in an effort to ease pressure on the bond market and ensure adequate funding for its slowing economy, according to Bloomberg.
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One of India’s biggest recent trading mishaps unfolded in Mumbai on Thursday when Spark Institutional Equities Pvt., a unit of Avendus Capital Pvt., mistakenly executed duplicate block orders to sell shares of
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Editor’s Note: The following remarks were shared by Trinh Nguyen, Senior Economist for Emerging Asia at Natixis, during her lecture titled ‘Navigating the Uncertainty.’ The event was organised as part of the
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As billionaire Jeff Bezos prepares to tie the knot with television anchor Lauren Sánchez in Venice this week, the Italian city’s picturesque canals and palazzos are becoming the unlikely backdrop for a
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Bank of England Governor Andrew Bailey has firmly rejected accusations from Reform UK that the central bank’s bond-buying and selling policies amount to a “systemic misuse of taxpayers’ money.” In a pointed
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HSBC, Europe’s largest bank, is facing a costly dilemma over office space after pandemic-era downsizing left it short of desks for a workforce now being urged back into the office. The bank,
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Smith, who only stepped down as FedEx’s chief executive in 2022, remained executive chairman of the company he established in 1973 with just 14 Dassault Falcon 20 jets. Over the course of
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Spotify co-founder Daniel Ek is making waves far beyond the world of music streaming, spearheading a €600 million investment in Helsing, a German defence tech company now valued at €12 billion. The
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Silver and platinum prices are surging as investors increasingly seek alternatives to gold and protection against a weakening US dollar, according to a report by the Financial Times. With gold up 25%
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Apple is grappling with mounting internal and external challenges as it scrambles to deliver long-promised upgrades to Siri, its voice assistant, ahead of next week’s Worldwide Developers Conference (WWDC). The delays have
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