A Singapore Airlines Boeing 777-300ER passenger aircraft, pictured above London in August 2022. Nurphoto | Nurphoto | Getty Images One person died aboard a Singapore Airlines flight which encountered severe turbulence and diverted to Bangkok, the airline said Tuesday. The flight had left London for Singapore. The aircraft was rerouted to land at the Suvarnabhumi … Read more
Pictured here is a BYD factory producing new energy-powered trucks in Huai’an, China, on February 21, 2024. Nurphoto | Nurphoto | Getty Images BEIJING — China reported data Friday that pointed to slower growth on the consumer side while industrial activity remained robust. Retail sales rose by 2.3% in April from a year ago, the … Read more
Singapore’s new Prime Minister Lawrence Wong (2nd R) shakes hands with now senior minister Lee Hsien Loong (2nd L) during the swearing-in ceremony at the Istana in Singapore on May 15, 2024. Lawrence Wong was sworn in on May 15 as Singapore’s new prime minister, after Lee Hsien Loong stepped down following two decades in … Read more
Alibaba posted a beat on revenue in its fiscal fourth quarter ended March, even as the Chinese e-commerce giant’s net profit plunged sharply. Here’s how Alibaba did in the March quarter versus LSEG consensus estimates: Revenue: 221.9 billion Chinese yuan ($30.7 billion) versus 219.66 billion yuan expected. Net income attributable to ordinary shareholders came in … Read more
Tencent has faced a number of headwinds in 2022 including a Covid-induced slowdown in the Chinese economy and a tougher market for gaming. Bobby Yip | Reuters Tencent beat analyst estimates for revenue and profit in the first quarter, thanks to slightly better sales in the Chinese tech giants core gaming business and improved profitability … Read more
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
SoftBank’s Vision Fund, the brainchild of the company’s founder Masayoshi Son, has faced a number of headwinds including a slump in technology stocks as a result of rising interest rates, a tough China market and geopolitics. Kentaro Takahash | Bloomberg | Getty Images SoftBank posted a 7.24 billion Japanese yen ($4.6 billion) gain on its … Read more
Mario poses at the “SUPER NINTENDO WORLD” welcome celebration at Universal Studios Hollywood on February 16, 2023 in Universal City, California. Rodin Eckenroth | Getty Images Entertainment | Getty Images Nintendo on Tuesday said it will announce the successor to its flagship Switch this fiscal year, after the company forecast a sharp drop in profit … Read more
The HSBC Holding logo is being displayed on a smartphone with HSBC visible in the background in this photo illustration taken in Brussels, Belgium, on February 20, 2024. Jonathan Raa | Nurphoto | Getty Images HSBC beat market expectations in its first quarter earnings report on Tuesday, and announced the surprise departure of Group Chief … Read more
The Japanese yen has weakened significantly against the dollar in 2022. Stanislav Kogiku | SOPA Images | LightRocket | Getty Images The Japanese yen weakened to 160 against the U.S. dollar in Monday morning trading in Asia. The yen briefly touched 160.03 against the dollar, the weakest level since April 1990 when it touched 160.15, … Read more
