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Experts say pricing reforms and better tech are needed for a storage sector whose rapid growth has been plagued by low utilisation and losses for operators
MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.9% to its highest since April 2022, while the Nikkei was close to its peak, the Topix hit all-time highs, and the Hang Seng rose for a fourth straight day
Two military drones were found at a port disguised as wind turbine parts, Italian officials said; they were seized because of a UN embargo linked to Libya's civil war
BYD opened an electric vehicle factory in Rayong on Thailand's eastern seaboard on Thursday, as China's grip on the local car sector ramps up
A Senate committee has recommended that Australia's corporate regulator be split in two, because the scope it has to cover is so large it launches relatively few prosecutions
Many Chinese battery-makers have invested in the African nation recently as JVs with local firms in countries with trade deals with the US may get tax credits
Among the top applicants for GenAI patents were China's ByteDance - which owns video app TikTok - and e-commerce giant Alibaba Group
South Korea's Hyundai Motor and LG Energy Solution opened the first EV battery plant in Indonesia on Wednesday. It is part of a $9.8bn plan to set up an EV supply chain in SE Asia's biggest economy
The EU is set to confirm provisional tariffs on Chinese EVs on Thursday, but many states are yet to decide on whether tariffs or a negotiated solution is the better outcome
In May, the US Commerce Department revoked licences allowing companies including Intel and Qualcomm to ship chips used for laptops and handsets to Huawei
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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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