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$23-billion incentives programme that aimed to lure manufacturers away from China was hindered by red tape and slow meagre payouts, officials said, but two sectors enjoyed huge growth
Shares in Asian defence suppliers have soared amid expectation Europe will buy more military equipment, while Trump is also looking ramp up US shipbuilding to narrow the vast output and capacity gap with China
Some private banks will be able to have up to 49% foreign ownership – up from 30% – if they take over struggling financial institutions, Hanoi has said
US tariffs are set to be announced next month, but Treasury secretary says some of the 'dirty 15' trading nations are already curbing unfair practices and seeking to avoid reciprocal levies
Members of the European Parliament 'may have been offered trips to China and cash to support the company' while it faced pushback in Europe, local media reports allege
China sends delegation to Panama to try to review and possibly reverse its exit from Belt and Road Scheme, while scrutinizing the US deal to buy CK Hutchison's ports
Survey finds one of the biggest-ever drops in exposure to US equities, amid concerns on stagflation, trade wars and the end of US exceptionalism
Nvidia chief expected to reveal details about the company's new flagship AI chips – designed for huge data centres that train AI systems
Baidu has struggled to gain widespread adoption for its Ernie LLM, despite claiming performance comparable to OpenAI's GPT-4
While it is not unusual for Washington to influence private deals of listed companies for strategic reasons, the White House has taken a role similar to an investment bank, analysts say
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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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