News
EV maker VinFast’s Q1 loss widens on higher spending as deliveries rise
The firm continues to face challenges due to weak consumer demand, stiff competition, and 25% US tariffsPublished Mon, Jun 9, 2025 · 07:21 PM[BENGALURU] Vietnamese electric vehicle maker VinFast...
Qualcomm strengthens AI portfolio with US$2.4 billion Alphawave deal
[BENGALURU] US chipmaker Qualcomm agreed to acquire Alphawave for about US$2.4 billion on Monday (Jun 9), as part of efforts to strengthen its AI technology, sending shares of the...
Xiaohongshu joins wave of Chinese firms releasing open-source AI models
[BEIJING] Xiaohongshu, also known as Rednote, one of the country’s most popular social media platforms, has released an open-source large language model, joining a wave of Chinese tech firms...
Shein and Reliance reportedly aim to sell India-made clothes abroad within a year
[MUMBAI/LONDON] Fashion retailer Shein and partner Reliance Retail plan to rapidly expand their Indian supplier base and start overseas sales of India-made Shein-branded clothes within six to 12 months,...
Bank of England risks repeat of Brexit pessimism as growth signals diverge
[LONDON] Bank of England (BOE) rate-setters risk underestimating the strength of the UK economy by placing too much faith in downbeat business surveys over official growth data.Governor Andrew Bailey...
Nomura to shut branch in China as it scales back wealth business
The closure comes four years after Nomura announced the opening of the office in late 2021, when it was pushing to expand in areas that are home to rich...
MoneyHero expands into digital assets in partnership with OSL
This is to satisfy Hong Kong’s growing interest in digital assets and increasing demand for diversified financial solutions[SINGAPORE] MoneyHero Limited, a leading personal finance aggregation and comparison platform across...
Gold falls on strong US jobs data and improved trade outlook
[BENGALURU] Gold prices fell on Monday (Jun 9) as a stronger-than-expected US jobs report cooled expectations of interest rate cuts from the Federal Reserve, while optimism over easing trade...
CapitaLand Investment expands fund with Japan asset acquisition at 30 billion yen
[SINGAPORE] CapitaLand Investment (CLI) on Monday (Jun 9) announced that it secured additional capital commitments from new and existing institutional investors for its value-add lodging private fund, CapitaLand Ascott...
Starmer calls on Nvidia’s Huang to train up Britons on AI
The initiative is backed by major tech companies IBM, QinetiQ and Microsoft, the government saysPublished Mon, Jun 9, 2025 · 08:22 AM[LONDON] Keir Starmer will make an appearance alongside...
