Tencent posts fastest profit growth in 3 years as online ads, business services offset slower gaming
Tencent saw slightly better performance in its core gaming business as well as improved profitability in its advertising and business services division.
U.S. orders Chinese-backed crypto miner to sell land near nuclear missile base
The White House has issued an order forcing a Chinese-backed cryptocurrency mining company to sell land near a Wyoming-based nuclear missile base.
Apple supplier Foxconn’s first-quarter profit jumps 72% but misses forecasts
Apple supplier Foxconn reported a 72% rise in first-quarter profit, boosted by strong demand for AI servers and coming off a low base from a year earlier.
As Blinken and Zelenskyy meet, U.S. says weapons are ‘on the way’ to help repel Russian onslaught
U.S. Secretary of State Antony Blinken is in Kyiv on Tuesday. The visit is designed to bolster Ukrainian morale during a “difficult moment” for the nation.
Sony reports 7% drop in annual profit as PlayStation 5 sales miss trimmed target
Sony on Tuesday reported a 7% drop in annual profits in the fiscal year 2023, logging its first drop in annual profits since 2020.
Uber to acquire Foodpanda’s Taiwan business for $950 million, creating a potential monopoly
Uber Technologies is buying the Taiwan business of Delivery Hero-owned Foodpanda for $950 million in cash, as Foodpanda doubles down on other markets.
Malaysia won’t use interest rates to prop up the ringgit, says central bank deputy chief
Bank Negara’s Adnan Zaylani Mohamad Zahid said the country’s monetary policy decisions will be determined by economic growth and the inflation outlook.
Genius or madness? Why Putin wants an economist to be Russia’s new defense minister at a key point in the war
Analysts take a look at what economist Andrei Belousov can bring to the Russian defense ministry.
China drives EV boom this year amid strong demand for hybrid vehicles
EV shipments, including fully battery-powered vehicles and hybrids, were up 18% in the first three months of 2024 compared with the same period last year.
Forget U.S. stocks — UBS says Europe’s are a better bet. Here’s why
In a bold “U-turn,” UBS says European stocks are now more attractive than their U.S. counterparts.
