Disney easily topped first-quarter expectations thanks in part to the box office success of “Moana 2.” Disney easily topped first-quarter expectations thanks in part to the box office smash “ Moana 2.” There were some oversized expectations for the animated film but “Moana 2”, originally intended as a series for the company’s streaming service before it…
The U.S. Postal Service said it was temporarily suspending inbound parcels from China and Hong Kong, effective Tuesday Americans are likely to pay more for products from popular Chinese e-commerce platforms like Shein and Temu as the U.S. Postal Service said it would stop accepting parcels from China and Hong Kong. The move was announced…
Toyota is developing and making electric vehicles and EV batteries in China under a new partnership with the Shanghai government Toyota is developing and making electric vehicles and EV batteries in China, the Japanese automaker said Wednesday, under a new partnership with the Shanghai government. Toyota Motor Corp. also announced it will start producing batteries for…
Global shares are trading mixed as markets mull the impact of tariffs being imposed by the United States and China Global shares were trading mixed Wednesday as markets mulled the impact of tariffs being imposed by the United States and China. France’s CAC 40 shed 0.3% in early trading to 7,881.94, while Germany’s DAX fell…
South Korea’s industry ministry has temporarily banned employee access to Chinese artificial intelligence startup DeepSeek due to security concerns, a ministry official said on Wednesday, as the government urges caution on generative AI services. The government issued a notice on Tuesday calling for ministries and agencies to exercise caution about using AI services including DeepSeek…
Huawei’s chairman said on Wednesday that the tech company’s annual revenue exceeded 860 billion yuan ($118.27 billion) last year, as it continued to shake off the impact of U.S. sanctions and its consumer business returned to growth. Liang Hua made the remarks at a forum in Guangzhou, according to a report by the Shenzhen Business…
OpenAI Chief Executive Sam Altman met with India’s IT Minister Ashwini Vaishnaw on Wednesday and discussed India’s plan of creating a low-cost AI ecosystem. Vaishnaw said in a post on X that he had a “super cool discussion” with Altman on India’s “strategy of creating the entire AI stack – GPUs, model, and apps” and…
Singapore’s Keppel posted a 5% rise in its full-year underlying profit on Wednesday, as earnings for its connectivity segment were boosted by strong demand for digital infrastructure required for artificial intelligence-based services. Annual net profit for Keppel’s connectivity arm, which operates its data centre business, rose nearly 45%. Data centres house computer servers and equipment…
Shares of a small Japanese technology firm shot up nearly 60% on its first day of trade on Wednesday, while Seoul’s largest initial public offering (IPO) in three years tanked almost 10% as volatility driven by geopolitics again gripped Asia’s equity markets. South Korea’s LG CNS shares dropped from opening bell and traded in negative…
Google’s digital ad sales continued to grow at a healthy clip during the holiday season, but that wasn’t enough to offset investors’ worries about whether its big bet on artificial intelligence will be as lucrative as once envisioned Google’s digital ad sales continued to grow at a healthy clip during the holiday season, but that…
