ASEAN Cross-Border Payments System Holds 'Tremendous Promise' For Thailand's Fintech Industry: Expert
Five members of the ASEAN including Thailand are working together to establish a regional cross-border payments system that uses QR codes and e-wallets. Thailand's unbanked and underserved communities as well as SMEs are expected to benefit.
Cloud Startup Airtable, Once Valued At $11B, Announces Second Round Of Layoffs In Less Than A Year
Airtable will cut 237 jobs in its latest round of layoffs. The low-code software unicorn was last valued at $11 billion in 2021 following a $735 million funding round.
'Immortals Of Aveum' Developer Cuts Nearly Half Of Workforce Amid Low Player Count
Ascendant Studios' CEO Bret Robbins said the team, which Electronics Arts touted as having the right experience to deliver "Immortals of Aveum," had to make the necessary adjustments now that its game has been shipped.
Layoffs 2023: Morningstar To Cut Up To 12% Staff At Its ESG Unit Sustainalytics
Morningstar is cutting Sustainalytics' workforce next week, more than a year after it reduced the Sustainalytics China team by the hundreds.
Big Tech Layoffs: Google Makes 'Significant' Cuts In Recruiting Units
Google is cutting a "significant" number of staff from its recruiting unit, citing the need for operational efficiency. The company has implemented smaller workforce cuts in recent months.
Apple 'Wonderlust': iPhone 15, iPhone 15 Plus Prices Cheaper Than Predecessors In UK, Germany
Apple has unveiled its new iPhone series, which features not just improved cameras and a major charger change but also lower starting prices for the base devices.
Layoffs 2023: Wells Fargo CFO Expects More Job Cuts After Multiple Smaller Reductions
Wells Fargo has already gone through multiple smaller layoffs in recent months, but its CFO is expecting more workforce reductions as the banking industry grapples with corporate real estate lending issues.
10 Years Of BRI: A Decade Of Mounting Debts, Souring Relations And Kidnappings
China's BRI is a decade old, but beyond its ambitious promises of trans-national connectivity, the initiative is looked at with skepticism and is seen as a debt trap for developing countries.
Indian SaaS Startup Chargebee Cuts 10% Staff Amid 'Market Shifts'
Chargebee, once valued at $3.5 billion, is cutting another 10% from its global workforce as the company struggles through "market shifts" and a funding winter that already hit the valuations of other Indian unicorns.
Rent-To-Own Unicorn Divvy Homes Prepares For Third Round Of Layoffs; Could Affect Over 90 Jobs
The layoffs will affect offices across the United States, as well as remote employees in some parts of the country, including Washington and Ohio.
'Strong Affinity' To Digital Solutions Makes Philippines Southeast Asia's Most 'Pro-Crypto' Country: Expert
Last year, the Philippines ranked as the world's second-top country in crypto adoption, and this trend may persist due to the Filipino public's affinity for digital solutions and the government's supportive regulatory approach to the industry, which bolsters the sector's growth.
G20 Key Takeaways: Modi And India Win Big; Ukraine Loses Out
Many observers hailed Indian Prime Minister Narendra Modi's bid to cement his country's position as the Global South's "voice" and a "bridge" to the West during the G20 summit as a success.
A Huawei Smartphone With A 7nm Chip Is Making Washington Lose Its Sleep. Experts Weigh In
Chinese technology major Huawei created shockwaves with a smartphone that boasts of 5G-like speeds and, crucially, has at its heart a homegrown 7nm chip -- technology that China was not known to possess. IBT speaks to experts on whether U.S. curbs on China's access to advanced chip technology are failing.
G20 Becomes Venue For China-India Rivalry To Lead Global South, Japan Backs 'Indispensable Partner'
The G20 Summit in New Delhi is expected to become a venue for a power showdown between India and China, and with Xi Jinping's absence, Japan is expected to prop up its ally in becoming the "voice" of the Global South.
China Upgrades Its Infamous 9-Dash Line To A 10-Dash Line: Here's What It Means
China has been asserting its territorial claims across virtually the entire South China Sea through its 9-dash line in the past years, and while it has faced resistance from other claimants, opposition to its new 10-dash line appears to be more serious.
ByteDance, 5 US Big Tech Named 'Gatekeepers' Under EU's Digital Markets Act; Samsung Dodges Bullet
The gatekeepers, which the European Union says are companies that provide "an important gateway between businesses and consumers in relation to core platform services," have six months to provide a "detailed" report to prove they comply with the DMA's provisions.
Roku Announces 10% Job Cuts In 3rd Workforce Reduction Since November
After news of the layoffs emerged, Roku stocks jumped about 3% higher.
China Says Foreign State Immunity Law 'Fully Adheres' To International Standards
At a time when relations between the U.S. and China have soured, Beijing passed a foreign state that "stipulates the rules for Chinese courts to handle civil cases involving a foreign State and its property."
OpenAI's Sam Altman Granted Indonesia's First 'Golden Visa' As Country Bets Growth On AI
Indonesia has been promoting AI adoption in recent years as part of its national strategy through 2045, and it appears OpenAI's Sam Altman is first on its list of investors to woo.
Japan Announces $141M For Its Fishery Industry Amid China's Seafood Ban Over Fukushima Water
Tokyo continues to find ways to boost its fishery industry after China imposed a blanket import ban on its seafood products over its decision to release treated radioactive water from the Fukushima nuclear plant into the sea.
US-Blacklisted Huawei Launches Riyadh Cloud Branch Amid Strengthening China-Saudi Ties
The Chinese tech giant's Huawei Cloud Riyadh office, which was announced Monday at the Huawei Cloud Summit Arabia 2023, will focus on serving consumers across the Middle East, Central Asia and Africa.
43rd ASEAN Summit: Myanmar Crisis Threatens To Divide Bloc As Biden, Xi Skip Conference
More than two years after Myanmar's military junta overthrew the government, unity in the ASEAN bloc is being questioned – Myanmar remains barred from attending summits and Thailand seems to be ready to welcome the country back against an adamant majority.
ChatGPT Has High 'Emotional Awareness,' But It May Not Be Ready For Mental Health Applications
ChatGPT has been found to have high "emotional awareness," but some experts are concerned about the possible risks that come with its application in the mental health field.
Taiwan A 'Chess Piece'? Southeast Asian Nations Hesitant To Take Sides As US-China Animus Escalates
The Taiwan issue isn't unnoticed in Southeast Asia, experts said, but there is an apparent reluctance in taking a side as Washington and Beijing fire up the debate on the self-governing island's arduous path to total autonomy.
Beijing Defiant As Vietnam, Taiwan Join Asian Countries In Rejecting China's New Map
Two more neighbors are calling out China over its new map that highlights its claims over the South China Sea, but Beijing insists that its map launch was just routine practice for "public awareness."
Software Company Pegasystems Cuts 4% Of Staff In Second Layoffs Round This Year
Pegasystems is cutting another 4% of its headcount after it slashed its workforce in January, joining several other software firms affected by the greater tech reckoning.
South China Sea Dispute: Malaysia, Philippines Follow Suit After India Rejects Beijing's New Map
Malaysia became the first ASEAN member to reject China's claims in its new map, followed by the Philippines. The tensions come as ASEAN countries prepare for its 43rd summit.
Software Startup SkyKick Cuts 181 Jobs After March Layoffs
SkyKick, which has been in a years-long legal standoff with British media conglomerate Sky, has implemented a new round of layoffs around five months since it last conducted job cuts.
Nvidia Shares Up 234% In 2023 After Google Cloud AI Partnership Expansion
Nvidia shares rose Tuesday after it announced an expansion of its AI partnership with Google Cloud, becoming the best performer so far this year in the S&P 500.
Weather: Saola To Exit Philippines With Nearly 200K People Affected Amid Storm Haikui Entry
Super Typhoon Saola is leaving the Philippines with more than P41 million in infrastructure damage, nearly 200,000 individuals affected, and 52 totally damaged houses.