Business news

Business

Hong Kong and Singapore lead Asia's drive to cash in on crypto boom

Hong Kong and Singapore are the front-runners in a push by Asian governments to become cryptocurrency hubs as they look to capitalise on the global resurgence of the sector thanks to the support of US President Donald Trump.

Business

Cryptocurrency exchange says it was victim of $1.5 billion hack

A major cryptocurrency exchange says it was the victim of a sophisticated hack that stole about $1.5 billion worth of digital currency, marking one of the biggest online thefts of all time.

Business

Using AI to achieve business transformation: A long-term process that needs to be managed

A new paper co-authored by Professor Feng Li, Associate Dean for Research & Innovation at Bayes Business School, has warned businesses that artificial intelligence (AI) is not yet advanced enough to transform organizational ...

Business

Trump considering 'alternatives' to Boeing for Air Force One contract

Donald Trump said his administration was "looking at alternatives" to Boeing following delays in delivering two new models of the US presidential Air Force One plane.

Business

Niger turns to satellites to bridge digital divide

Less than a third of Niger's vast territory has internet access, so the west African country is betting on satellite broadband to bridge the digital divide in remote rural areas.

Business

Meta plans undersea cable to link five continents

Facebook and Instagram parent company Meta has said it will lay an undersea cable stretching across five continents to carry data, including for developing artificial intelligence.

Consumer & Gadgets

A guide for using VR and AR technology in foreign markets

Global businesses are embracing augmented reality (AR) and virtual reality (VR) to connect with consumers around the world. The technologies offer new ways to get a feel for products before buying—for everything from virtually ...

Business

TikTok's US future hangs in balance at federal court

TikTok will attempt to convince a federal court on Monday that a law requiring the video-sharing app to divest from its Chinese ownership or face a ban in the United States is unconstitutional.

Business

TikTok battles US ban threat in court

TikTok faced pushback in a federal court on Monday in its efforts to stop a law that requires the app to divest from its Chinese ownership or face a ban in the United States.

Business

Union says talks with Boeing to resume Tuesday

Talks between Boeing and striking US factory workers will resume Tuesday under a federal mediator, the union said, after workers voted overwhelmingly to reject a proposal from the embattled aviation giant.

Business

Brazil judge seizes $3 million from Musk to pay X fines

Brazil's Supreme Court said Friday that a judge has ordered the transfer of some $3 million from Elon Musk's companies to pay fines incurred by his social network X, which has been suspended in the country.

Business

Microsoft cutting more jobs from its gaming unit

Microsoft is cutting about 650 more positions from its gaming unit as it continues to tighten its belt following the blockbuster buyout of "Call of Duty" maker Activision Blizzard.

Business

Boeing workers strike after rejecting contract

Thousands of Boeing factory workers in the United States walked off the job Friday after voting overwhelmingly to reject a contract with the embattled aviation giant, its first strike in 16 years.