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Jumbo Bee Powers Up ASEAN with Modular Battery Breakthrough
In a time when electricity costs across ASEAN are rising and demand for reliable energy is surging, Jumbo Bee Power Solutions Pte Ltd is…
Business News
World Business News
Naver Wins $1.5 Billion AI Deal as Quarterly Profit Falls
Naver signed a 2 trillion won AI computing contract with a US firm as third-quarter operating profit fell 20.9%.
World Business News
Huang’s Exit Clouds Nvidia Demand Outlook for Korean Chipmakers
Jensen Huang's departure from Nvidia raises uncertainty for SK hynix and Samsung, though long-term HBM supply deals offer a buffer.
World Business News
China Offshore Trust Tax Declarations Top 160 Billion Yuan
Chinese taxpayers declared over 160 billion yuan in offshore trust income tax, lifting October income tax revenue nearly 90%.
Business News
Fed’s Hammack Backs Gradual Hikes as Inflation Moves Wrong Way
Cleveland Fed's Beth Hammack backs further small, frequent rate hikes to curb inflation but sees no need for faster tightening.
World Business News
Burberry Profit Jumps as Sales Grow for Fifth Straight Quarter
Burberry's half-year operating profit returned to the black as comparable sales rose 4%, led by the Americas and China.
World Business News
Hancock Whitney to Buy Trustmark in $3.2 Billion Stock Deal
Hancock Whitney agrees to buy Mississippi lender Trustmark in an all-stock deal creating a bank with about $58 billion in assets.
World Business News
Nvidia CEO Jensen Huang Resigns; Colette Kress Named Interim Chief
Nvidia chief Jensen Huang has resigned after affair revelations, with CFO Colette Kress stepping in as interim chief executive.
World Business News
OPEC+ Output Nears Pre-Iran War Levels Despite Hormuz Disruption
OPEC+ pumped 41.23 million barrels per day in October, about 97 percent of February's level, led by a jump in Saudi output.
World Business News
Singapore Cash Payouts to Reach PayNow Users First
About 3 million Singaporeans will get S$100 to S$250 in December, with PayNow-NRIC users paid first from December 8.
Tech
UK Chip Startup Fractile Hits $7 Billion Valuation
British AI chip startup Fractile raised $720 million in a Series C round, valuing it at $7 billion with UK state backing.