Asia

05 Apr Apple cut at least 600 jobs when it axed car, smartwatch screen projects

Posted at 03:30h in Asia

Apple laid off more than 600 employees in California as part of the decisions to end its car and smartwatch display projects, according to filings with the California Employment Development Department.The Cupertino, California-based company filed eight separate reports to the state to comply with the...

05 Apr Hong Kong stocks retreat as traders temper US rate-cut bets amid sticky inflation concerns

Posted at 03:27h in Asia

Hong Kong stocks dropped, joining a broader retreat in Asian markets, after hawkish comments from a Federal Reserve official tempered bets for an interest-rate cut as early as June this year.The Hang Seng Index weakened 1.1 per cent to 16,544.39 at 10.20am local time, reversing...

05 Apr ChatGPT Enterprise quadruples user numbers in first quarter as OpenAI targets corporate use

Posted at 02:16h in Asia

OpenAI is seeing surging demand for the corporate version of ChatGPT even as it confronts a growing number of artificial intelligence companies offering similar products for the workplace.In an interview on Bloomberg Technology, OpenAI’s chief operating officer Brad Lightcap said there are now more than...

05 Apr Exclusive | When Qatar was seeking a head for its science and technology park, it called on a Hongkonger. Here’s why

Posted at 02:01h in Asia

“As a Chinese and Asian, I want to connect with talented individuals who embody the spirit of entrepreneurship,” said Lau, who has more than 25 years of experience and a wealth of expertise spanning technology, academia and entrepreneurship, including a track record of leading sustainable...

05 Apr Down to Earth: start-up backed by Hong Kong tycoon Peter Lee aims to commercialise battery technology used in space

Posted at 00:30h in Asia

“The cost of our systems will be very competitive to the existing utility-scale energy storage products in the world,” Chan said on the sidelines of the One Earth Summit, a sustainability conference in Hong Kong, on March 25. “On a life cycle basis, EnerVenue’s storage...

04 Apr Stablecoin giant Tether is backing an ‘unstoppable’ chat app with crypto to take on Big Tech

Posted at 23:00h in Asia

“[At Tether] we are bitcoiners at heart. We believe in the bitcoin mission that is bringing financial freedom to the world,” Ardoino said in a chat conducted over Keet on Wednesday. “If you have financial freedom, but you don’t have freedom of speech … we...

04 Apr China’s ‘national team’ bloats CSI 300 ETFs, as buying binge propels them to top of mutual-fund bracket

Posted at 23:00h in Asia

China’s state-directed buying binge has swollen the size of exchange-traded funds (ETFs) tracking the underlying benchmark CSI 300 Index, vaulting these investment products to the top of the nation’s mutual-fund rankings.This intervention is reflected in the outperformance of the CSI 300 Index, which includes the...

04 Apr As Chinese businesses launch operations in Mexico, managers learn cross-cultural lessons

Posted at 15:00h in Asia

Still, for many Chinese firms that do venture out, or wish to, concerns linger over profitability, policy uncertainties and safety – as well as vast differences in the work cultures.“It was very tough to convince or to try to explain to Chinese companies from mainland...

04 Apr Taiwanese semiconductor giant TSMC restarts operations after earthquake, easing concerns of chip supply disruption

Posted at 12:30h in Asia

The world’s largest independent contract chip manufacturer, which supplies 90 per cent of the world’s most advanced semiconductors to technology giants like Apple and Nvidia, restarted operations within 10 hours after work was suspended because of the worst earthquake to hit Taiwan in 25 years....

04 Apr Opinion | Why we better not count on US interest rate cuts this year