Business

Super Micro Computer Slides Ahead of Earnings as Analysts Debate Value Play or Trap

Super Micro Computer shares extend a three-month decline ahead of earnings as analysts split over whether the AI server maker is a value play or a value tr

Archer Aviation Shares Surge After Deal to Acquire Boeing’s Wisk eVTOL Unit

Archer Aviation shares jumped after agreeing to acquire Boeing's Wisk Aero and two subsidiaries, giving Boeing a near-20% equity stake in the combined firm

Intel Launches $15 Billion Stock Sale as Turnaround Rally Lifts Shares

Intel plans to sell about $15 billion in common stock after a 400% share rally, funding growth in AI, custom chips and advanced packaging.

Trump Pivots to Sanctions and Naval Blockade in Prolonged Iran Standoff Over Hormuz

The US is pivoting from military strikes to sanctions and a naval blockade against Iran as oil prices stabilise and the Strait of Hormuz crisis drags on.

TSMC Sales Surge 45% in July as AI Chip Demand Fuels Record Growth

TSMC posted a 45% surge in July revenue as demand for AI chips from customers like Nvidia and Google continues to drive record growth for the chipmaker.

UK Low-Income Shoppers Struggle Amid Inflation and Weak Economy

In Southampton, England, shoppers like Deb Taylor and Antonia Alden are feeling the pressure of rising prices. Taylor, a 63-year-old cleaner, left a Primark...

Tesla Raises Model X Prices in the U.S. by $5,000 Amid Cost-Cutting Efforts

Tesla has raised the prices of its Model X vehicles in the United States by $5,000, according to an update on its official website....

DeepSeek’s AI Success Fuels Renewed Investor Confidence in Chinese Tech Stocks

The rapid rise of Chinese AI start-up DeepSeek is prompting investors to reassess the valuation of China’s technology sector, which has long traded at...

ClouDr Shares Rise as AI Integration Enhances Digital Healthcare Services

Shares of Chinese digital healthcare company ClouDr Group rose for a second consecutive day following the announcement of its integration with DeepSeek’s artificial intelligence...

Alibaba Strengthens AI Team with Key Hire from Salesforce Research Asia

Alibaba Group Holding has bolstered its AI team with the recent addition of Steven Hoi Chu-hong, an expert in machine learning and computer vision....

New World Development Prices Hong Kong Flats at Discount Amid Debt Pressure

New World Development (NWD) has priced its latest Hong Kong residential project, State Pavilia, at a significant discount as the developer works to address...

AI Investment a Top Priority for Asia-Pacific Entrepreneurs, UBS Report Finds

Entrepreneurs in the Asia-Pacific region see artificial intelligence (AI) as a major driver of business growth, with many willing to invest in AI infrastructure...

DeepSeek Pauses Developer Top-Ups Amid Surging Demand for AI Models

DeepSeek, the Chinese AI start-up that recently gained global recognition, has temporarily suspended developer top-ups for its platform due to high demand. On Thursday,...

Pop Mart’s Ne Zha Toys Sell Out as Company Continues Global Expansion

Pop Mart International is riding another wave of success, this time with its Ne Zha toy line, following the massive popularity of its Labubu...

Hong Kong Stocks Rise as Tech Gains Boost Market Ahead of US Jobs Report

Hong Kong stocks advanced on Friday, with technology shares leading gains as the Hang Seng Index approached a four-month high. Despite some investors adjusting...

Toyota’s New EV Plant Boosts Shanghai’s Bid to Reclaim Top Car Production Spot

Shanghai is taking a significant step towards regaining its status as China’s top vehicle production hub with Toyota Motor’s decision to manufacture electric vehicles...

Yum China Plans Major Expansion with 1,800 New Stores in 2025

Yum China Holdings, the operator of KFC and Pizza Hut in mainland China, is set to continue its aggressive expansion by opening up to...

Match Group Appoints Spencer Rascoff as CEO Amid Leadership Change

Match Group has announced Spencer Rascoff as its new CEO, replacing Bernard Kim. Rascoff, best known for co-founding Zillow, has been a board member...

Snap Reports Strong Q4 Results, Shares Surge Amid Growing User Base

Snap shares rose in extended trading following the company’s better-than-expected Q4 earnings report. The social media platform reported $1.56 billion in revenue, slightly surpassing...

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