Tech giant misses trimmed PS5 sales target

Tech giant misses trimmed PS5 sales target

The PlayStation DualSense controller and PlayStation 5 console. Jakub Porzycki | Nurphoto | Getty Images Sony on Tuesday reported a 7% drop in annual profits in the fiscal year 2023 amid weakness in its gaming division. The company also narrowly missed its forecast for unit sales of its flagship PlayStation 5 gaming console for the … Read more

Uber to acquire Foodpanda’s Taiwan business for $950 million

Uber to acquire Foodpanda’s Taiwan business for 0 million

TAIPEI, TAIWAN – 2021/07/19: A foodpanda delivery man wearing a face mask rides past a Taiwanese flag ahead of the COVID-19 alert Level 3 restriction lift in Taipei. (Photo by Walid Berrazeg/SOPA Images/LightRocket via Getty Images) Sopa Images | Lightrocket | Getty Images Uber Technologies will acquire the Taiwan business of Delivery Hero-owned Foodpanda for … Read more

Sri Lanka visa problem was a ‘technical issue’ says tourism minister

Sri Lanka visa problem was a ‘technical issue’ says tourism minister

The cost to obtain a short-term visa to visit Sri Lanka rose from $50 to $100 in April. But the reason for it is disputed. The price hike followed Sri Lanka’s transition from using internal Electronic Travel Authorizations, or ETAs, to an e-visa system operated by the visa processing company VFS Global. Sri Lanka’s Tourism … Read more

China, India still rely heavily on coal, climate targets remain difficult

China, India still rely heavily on coal, climate targets remain difficult

The Huaneng Huaiyin power station in Huaian, China, on Nov. 12, 2023. Nurphoto | Nurphoto | Getty Images China and India have not reduced coal generation for electricity, according to a new study, making it harder for Asia’s largest carbon emitters to reach their climate targets.   While both Asian countries have ambitious plans to cut … Read more

Australia’s budget is expected to target housing affordability crisis

Australia’s budget is expected to target housing affordability crisis

An aerial photograph of houses and apartments on coastline in North Bondi, Sydney, Australia. Recent reports indicate that Australian home prices are set to continue their upward trend, driven by increasing migration rates and a shortage of housing supply. Andrew Merry | Moment | Getty Images Australia plans to address its climbing home prices in … Read more

With EVs, the ‘Detroit of Asia’ wants to be China hedge for automakers

With EVs, the ‘Detroit of Asia’ wants to be China hedge for automakers

Visitors inspect a Tesla Model Y car during the 40th Thailand International Motor Expo at the Impact Challenger hall in Nonthaburi.  Sopa Images | Lightrocket | Getty Images Tesla has a lot going on. A significant slump in sales, stoking concerns among investors and industry analysts, in an EV market where aggressive price cuts have … Read more

HD Hyundai Marine Solution shares double in IPO

HD Hyundai Marine Solution shares double in IPO

Employees of HD Hyundai Marine Solution Co., during the company’s listing ceremony at the Korea Exchange in Seoul, South Korea, on Wednesday, May 8, 2024. HD Hyundai Marine, a ship repair company, jumped as much as 45% in its South Korea trading debut after a 742.3 billion won ($547 million) initial public offering that was … Read more

Amazon’s AWS to invest nearly $9 billion in Singapore

Amazon’s AWS to invest nearly  billion in Singapore

BARCELONA, SPAIN – JANUARY 31: A logo sits illuminated outside the Amazon Web Services (AWS) booth at ISE 2023 and IOT Solution World Congress at Fira Barcelona on January 31, 2023 in Barcelona, Spain. Integrated Systems Europe (ISE) is the largest Audio Visual systems integration show in the world, with 850 exhibitors and is organised … Read more

European markets open to close, earnings, data and news

European markets open to close, earnings, data and news

LONDON — European markets advanced Monday as traders continued to assess the possibility of rate cuts after softer-than-expected U.S. jobs data. The French CAC 40 was up 0.2%, German DAX was also higher by 0.2% and the Italian FTSE MIB was up 0.2%. The U.K.’s FTSE 100 was closed Monday for a public holiday and … Read more

Japan’s yen had a rollercoaster week amid suspected intervention

Japan’s yen had a rollercoaster week amid suspected intervention

An undated photographic illustration of Japanese yen and the U.S. dollar bank notes. Glowimages | Glowimages | Getty Images The Japanese yen weakened to levels not seen in 34 years against the U.S. dollar on Monday, only to rebound and likely clock its best week in more than a year. Here is what happened. The … Read more