BUSINESS

Cybersecurity Firm Darktrace Accepts $5 Bn Takeover

Darktrace chief executive Poppy Gustafsson (L) said the group's 'technology has never been more relevant in a world increasingly threatened by AI-powered cyberattacks'
Cybersecurity firm Darktrace said Friday it had accepted a $5.3-billion takeover bid from US private equity firm Thoma Bravo, which highlighted the British group's "capability in artificial intelligence".
Google-parent Alphabet soared with Microsoft in after-hours trade following forecast-beating earnings

Asian Markets Mixed As Strong US Tech Earnings Offset Poor Data

Markets were mixed on Friday after forecast-topping earnings from Microsoft and Alphabet helped soothe worries that a tech-fuelled rally may have been overdone, while the yen hit a fresh 34-year low after the Bank of Japan stood pat on interest rates.
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The overnight success of OpenAI's ChatGPT thrust generative AI as Silicon Valley's latest tech revolution, lifting Microsoft, OpenAI's main backer, to become the world's most valuable company

Microsoft Expands Its AI Empire Abroad

Microsoft, the tech titan most closely associated with AI, has announced nearly $10 billion in investments in artificial intelligence abroad in recent months, the price it is willing to pay to remain a top player in this crucial market.
Lavrov met Xi in April

Putin Says Plans To Visit China In May

Russian President Vladimir Putin said Thursday he plans to visit China in May, his first planned trip abroad since re-election as Moscow seeks deeper ties with Beijing.
Turkey's central bank holds its key interest rate steady at 50 percent

Turkey Central Bank Holds Key Interest Rate Steady

Turkey's central bank held its key interest rate steady on Thursday but warned it could hike it again as the country's soaring inflation remains a headache for President Recep Tayyip Erdogan's government.
In contrast to much of the EV industry, Chinese automaker NIO focuses on battery-swap technology rather than recharging individual vehicles

Five Things We Learned At The China Auto Show

One of China's largest auto shows kicked off in Beijing on Thursday, with electric vehicle makers keen to show off their latest designs and high-tech accessories to consumers in the fiercely competitive market.
Traders are keeping tabs on Tokyo after the yen hit a fresh 34-year low against the dollar

Asian Markets Mixed As Global Rally Stalls, Eyes On Yen

Asian equities were mixed Thursday as investors turned cautious after the past three days' sizeable gains, with Meta's warning that it will spend far more than expected this year fuelling worries that the latest tech-led rally may have gone too far.
Meta's growth is due in particular to its sophisticated advertising tools and the success of "Reels"

Meta Sees Profits Soar In First Quarter

Facebook-owner Meta on Wednesday said its quarterly profits soared last quarter as the company continues to see stellar ad growth across its family of world-leading social media apps.

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