Business

Dell Surges 9% After Tripling AI Server Forecast, Backlog Hits $95 Billion

Dell shares jumped 9% on September 1 after raising its fiscal 2027 AI server forecast to triple, with order backlog reaching $95 billion.

Anthropic Signs $35 Billion Cloud Deal With Nvidia-Backed Lambda

Anthropic has agreed to a $35 billion cloud computing deal with Nvidia-backed Lambda, adding to a rapid series of AI compute commitments.

Global Bond Selloff Pushes Yields to Highest Levels Since 2008

A worldwide bond selloff has pushed government yields to their highest since 2008, raising mortgage, loan and financing costs for households and businesses

John Ternus Takes Over as Apple CEO, Ending Cook’s 15-Year Run

John Ternus became Apple's CEO on Tuesday, ending Tim Cook's 15-year run as the company faces AI pressure and rising memory prices.

Global Bond Yields Hit Multi-Decade Highs as Iran Conflict Revives Inflation Fears

Bond yields surged across major markets on September 1 as US-Iran hostilities revived energy and inflation fears, driving Japan and UK rates to decades-hig

Mainland China Firms Turn to Hong Kong for Share Offerings Amid Strong Market Conditions

Mainland China-listed companies are increasingly turning to Hong Kong for new share offerings, spurred by attractive valuations, strong liquidity, and supportive regulatory policies. A...

Venture Capital Investment in Asia-Pacific Hits 10-Year Low Amid Global Geopolitical Tensions

Venture capital investment in the Asia-Pacific region fell to its lowest level in more than a decade last quarter, with a 32% drop to...

Hong Kong Stocks Rise as China Unveils Measures to Boost Economy Ahead of US-China Trade Talks

Hong Kong stocks rose for the sixth consecutive day after Beijing unveiled measures aimed at boosting the economy and increasing private sector confidence ahead...

LG Energy Solution Exits Indonesia EV Battery Project, Huayou Cobalt Eyed as Replacement Investor

LG Energy Solution (LGES) of South Korea has withdrawn from its US$8.45 billion electric vehicle (EV) battery project in Indonesia, leaving the country’s government...

E-Commerce Giants Gear Up for Intense 618 Shopping Festival Amid Economic Slowdown

China's second-largest annual online shopping festival, 618, is set to kick off as e-commerce giants Alibaba, JD.com, and ByteDance’s Douyin prepare for fierce competition...

Luxury Brands Reduce Discounts in China to Maintain Exclusivity Amid Economic Slowdown

Luxury brands in China are reevaluating their discounting strategies, pulling back from steep markdowns in an effort to maintain exclusivity and rebuild their image...

Unitree Robotics Shuts Down Vulnerable Remote Control Service Exposing Robot Dogs to Hackers

Unitree Robotics, a leading Chinese robot manufacturer, announced it had shut down a third-party remote control service after discovering a security vulnerability that allowed...

Hong Kong Stocks Extend Rally on Hopes of US Tariff Cuts Ahead of Trade Talks

Hong Kong stocks extended their winning streak to a seventh consecutive session on Friday, marking the longest rally in over a year, as investor...

Alibaba Refocuses on Core Businesses Amid Internal Integration and AI Push

Alibaba Group is refocusing its operations by fostering internal collaboration across its various business units and emphasizing core strategic priorities, particularly in e-commerce and...

Global Tungsten Industry Faces Shake-Up as China Tightens Export Controls

Tungsten producers in developed countries, especially those tied to the defence sector, are facing urgent supply chain disruptions after China abruptly halted exports of...

Nvidia to Launch Downgraded H20 AI Chip in China Amid Export Curbs

Nvidia is preparing to launch a downgraded version of its H20 artificial intelligence chip in China within the next two months, in response to...

Asia’s Wealthy Shift Investments Away from U.S. Amid Tariff Uncertainty

Some of Asia’s wealthiest families are significantly reducing their exposure to U.S. investments, citing increased unpredictability following President Donald Trump's tariff policies. One major...

Bitcoin Surges Past $100,000 as U.S.-UK Trade Deal Calms Market Fears

Bitcoin soared above the $100,000 mark on Thursday for the first time since early February, propelled by renewed investor optimism following a significant trade...

China’s April Export Growth Surpasses Expectations Amid Tariff Tensions

China’s exports in April outperformed expectations, driven by a rush from overseas manufacturers to secure goods ahead of a looming U.S. tariff deadline. Outbound...

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