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"De-dollarisation is evident in FX reserves where [the dollar's] share has declined to a record as share in exports declined but is still emerging in commodities," the US bank noted
New findings show how CEO Changpeng Zhao secretly retained control over Binance's US arm and ensured he could direct the company’s expansion in the American crypto market despite scrutiny from regulators
TSMC's workplace culture has come in for criticism by former workers, but the tech giant says hiring of staff for its new facilities in Arizona is on track
OpenAI CEO Sam Altman predicted Israel, a country ranked high for machine learning systems, will the right balance between innovation, human rights and civic safeguards
Industrial parks in the north of the country have been affected by rolling electricity blackouts threatening to deepen its economic slump
Revenue last month reached T$450.7 billion ($14.7 billion), in line with its expectations, though it was up 5% compared with April
Tokyo’s regulator is one of many around the world scrambling to establish rules over the use of generative artificial intelligence
Washington lawmakers have said the US should work with South Korea and Japan and retaliate after China targeted the biggest US memory chip maker
Study of municipal finances shows 102 cities made payments accounting for 10% or more of their resources in 2022; debt obligations are so high it is limiting state capacity to boost the economy
BRICS foreign ministers have asserted their bloc's ambition to rival Western powers and build up their influence in a multi-polar world
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Southeast AsiaCan Singapore Oust Hong Kong To Be Asia’s Fintech Leader? -
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With a market cap of$240 billion, chipmaker ASML is Europe’s most valuable tech company. Its market-leading position comes from its monopoly in Extreme Ultraviolet Lithography (EUV) machines which allow chipmakers to make smaller, faster and smarter semiconductors
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PaymentsCan China Take Place of SWIFT System? Analysts Say ‘No’There is no global payment system that is strong enough to act as an alternative to SWIFT and enable Russia to evade sanctions
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MarketsChina Becomes World’s Second-Biggest Bitcoin Mining HubThe Bitcoin mining ban in China last year had collapsed its crypto markets. Despite that, the country has reemerged as a major bitcoin mining hub, according to research by the UK's University of Cambridge.
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Market InsightsHere’s How China Can Win the Tech War With USAThe Chinese government is doubling down on incentives for innovation, which it believes to be the cornerstone of its future growth and international position.
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Fintech InsightsAsia Becomes the Epicentre of Global NFTsAsia is the frontrunner in the NFTs craze with Central and Southeast Asia accounting for 35% of the $22 billion in global trade
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