Vietnam's VinFast Bolts Past BMW, Volkswagen In Valuation After Nasdaq Debut
Vietnamese EV maker VinFast now has a market valuation above established carmakers such as Volkswagen, Ford and others after its Nasdaq debut. The company is looking to sell up to 50,000 EVs this year, backed by its U.S. expansion.
China Blames US For Afghanistan's Current Situation, Says Its 'Failure' Led To Taliban Takeover
Tuesday marked the second year of the Taliban rule in Afghanistan. The militant group took charge of the country after the U.S. pulled out its troops in August 2021. China has not formally recognized the Taliban government but has expressed willingness to cooperate with the militant regime.
Northstar-Backed Indonesian Audio Streaming Platform Noice Cuts Staff Amid Restructuring
Indonesia-based Noice has implemented layoffs more than a year after it raised $22 million in a funding round. The startup joins Spotify and a few other streaming platforms that cut staff this year.
China's Flooding Woes To Drive Up Global Rice Prices Further, Threaten Food Security
Flooding in China's rice fields is expected to result in lower yields that will then drive global prices up and affect food security in rice importing countries.
Cybersecurity Layoffs: SecureWorks To Cut 15% Of Staff Amid Investment Rebalancing
SecureWorks has once again announced layoffs just months after it reduced its headcount by around 9%, this time affecting a larger percentage of the workforce.
CoinDesk To Shrink Editorial Team As It Nears Sale: Reports
CoinDesk is reportedly letting go of some workers on its editorial team months after it broke the story that led to FTX's collapse.
Biden's Curbs On China Could Blunt Singapore's Edge In An Emerging Technology Field
As Washington races to deny China the advantage in key technology areas, eyes are on Singapore, Southeast Asia's rising quantum technology leader.
65% Of Filipinos Want Manila To Assert Territorial Rights In SCS Through Military Action: Survey
More than half of Filipinos want the government to use military action in response to China's increasing aggression in the West Philippine Sea, a new survey revealed. Tensions have been high in recent days following the Chinese Coast Guard's firing of a water cannon on Philippine vessels.
Crypto Critic Donald Trump Has Up To $500,000 In Digital Assets: Financial Filing
Donald Trump has expressed skepticism about digital assets in the past, but it turns out now that he has up to half a million dollars in a crypto wallet disclosed in a recent OGE filing.
Threads Daily Android Usage Plummets 79% Just A Month After Launch: Data Tracker
Meta's Threads app has seen a significant decline in daily active Android users and people are spending less time on the app just over a month after it took social media by storm.
DCG Moves To Junk Crypto Exchange Gemini's Fraud Lawsuit, Decries 'Character Assassination'
Barry Silbert's Digital Currency Group (DCG) has filed to get Gemini's lawsuit dismissed, claiming it was not responsible for claims or liabilities against its bankrupt subsidiary that formerly held Gemini Earn funds.
China Slams US-Taiwan Trade Pact, Excludes Island From Its Group Tours List
Taiwan strengthening its ties with the U.S. has prompted another stark warning from Beijing, as the island was not included in the latest list of countries Chinese tour groups can visit.
Meta Picks Up Hiring, Offers Jobs To Some Of Thousands Of Laid-Off Employees: Report
Meta is rehiring some of the employees affected by multiple rounds of layoffs at the company since November, and some are reportedly getting lower salary offers or lower positions.
Indian Gaming Platform MPL To Cut 50% Staff, Cites 28% Government Tax: Reports
Mobile Premier League (MPL) is reportedly laying off around 50% of its global workforce, weeks after India's GST announced a 28% tax on online gaming platforms that the industry said would burden both companies and players.
Philippines May Be 'Dwarfed' In A Military Showdown With China Over Territorial Spat, Experts Say
The Philippines has been firmer in handling China's aggression over disputed waters, and while an armed offensive from Beijing is unlikely at this time, the smaller Southeast Asian nation's current military capacity can't, in any way, triumph over China if an armed clash occurs.
China Plans To Restrict Use Of Facial Recognition Tech By Businesses, Issues Draft Guidelines
China is planning to restrict private businesses from using facial recognition technology less than two years after it announced a data security law.
Cybersecurity Firm Rapid7 Cuts 18% Of Staff, To Shutter Some Offices Amid Restructuring
Rapid7, which has been at the center of takeover reports in the past months, announced an 18% reduction in its global workforce. More than three dozen cybersecurity firms have implemented layoffs in 2023.
AI-Powered Monocle By Brilliant Labs Revolutionizes AR With Hands-Free ChatGPT Integration
Users can now utilize voice commands through Monocle's AR device, enabling a truly hands-free experience with ChatGPT's capabilities.
China's Shrinking Population Poses 'Formidable Obstacles' On Its Economic Growth: Research Firm
China's declining population, along with a rise in the number of elderly citizens, is expected to dampen the Asian economic leader's economic future.
Indonesia Has World's 4th Strongest Navy; 4 Other Asian Countries In Top 10
Indonesia is only behind the U.S., China and Russia in the ranking, which looked at the overall strength, modernization, logistical support and attack and defense capabilities of countries.
Vietnam's EV Industry Could See Strong Growth In 2023 As VinFast, Others Ramp Up Local Production
Vietnam's EV sector is expected to see strong growth this year, driven by local production, but challenges such as low income among the public and inadequate charging infrastructure may dampen hope.
After G20 Fails To Agree On Emission Goals, China's Claims Of Climate Leadership Under Test
China rejected blame for the G20 climate meet's failure to secure an agreement, blaming "some countries" that "introduced geopolitical issues as an obstruction."
Coal Dependence, Extreme Weather Events Putting China's Climate Efforts At Risk
China aims to become carbon neutral by 2060 and it has made significant strides in renewable energy, but it continues to rely on coal for energy generation.
China Slams US' 'Enormous Lie' About Forced Labor In Xinjiang After 2 More Companies Blacklisted
Beijing's foreign ministry has criticized the U.S. for adding two more companies to its UFLPA entity list, saying allegations of forced labor in Xinjiang were lies propagated by anti-China elements.
Tech Layoffs: Cybersecurity Firm HackerOne Cuts 12% Of Staff As Part Of Restructuring Plan
A study in February revealed that cybersecurity teams will be less likely affected by the wider tech reckoning, but several cybersecurity companies have already implemented job cuts this year.
Tech Layoffs: Satellite And Data Company Planet Cuts 117 Employees; All Units Affected
CEO Will Marshall said Planet has had increased costs and business complexity since it went public in December 2021. Furthermore, changes in the macroeconomic environment also affected the company.
'Re-Experience' A Tour Or 'Preview' A Travel Location? How The Metaverse Could Reshape Tourism
The metaverse may still be years away from actually becoming part of everyday life, but it offers opportunities for the travel industry to insulate itself from the kind of vulnerabilities that were revealed during the pandemic.
Cybersecurity Firm Kape Technologies Lays Off 180 Staff; Over 200K Tech Jobs Hit So Far
London-based Kape Technologies has laid off around 180 employees, citing a restructuring process at the cybersecurity firm that owns ExpressVPN. Kape joins 901 other tech companies that implemented job cuts so far this year.
China Says US Turning Taiwan Into 'Ammunition Depot'; Sends Navy Vessels Around Island
China has warned that U.S. military aid to Taiwan will not stop its "firm will" for reunification with the self-governing island nation. Beijing has also continuously sent in warplanes and vessels around the island as Taiwan bolsters its defenses.
Asia's Future Fintech Capital? India Poised For 'Breakthrough' With CBDC, Digital Assets
India's fintech industry is poised to make a breakthrough as the government continues to support the adoption of CBDC and digital efforts, experts say. Continuous financial inclusion and recent fintech trends such as neo banks may also support further growth.