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Lanon Wee
Aug 16, 20233 min read
Tencent's Profit Growth Outpaces Projections in 2021
On Wednesday, Tencent reported a sharp increase in profits for the second quarter, however, it failed to meet projections. The positive...
Lanon Wee
Aug 16, 20232 min read
Intel Terminates $5.4 Billion Acquisition of Tower Semiconductor Following Regulatory Denial
Intel on Wednesday declared an end to its merger with Israeli chipmaker Tower Semiconductor, stating that it had not received the...
Lanon Wee
Aug 16, 20234 min read
China's 5% Growth Target at Risk of Not Being Met This Year
Nomura indicated in a report on China that it is increasingly likely that GDP growth this year will fall below the 5.0% mark. The Rhodium...
Lanon Wee
Aug 16, 20232 min read
VinFast Rising in Value Above Ford and GM
VinFast, a Vietnamese electric vehicle maker, has seen its stock market valuation jump above those of Ford and General Motors (GM) on its...
Lanon Wee
Aug 16, 20232 min read
Investigation Into Alleged Sanction Violations By A Kazakh Brokerage Involving Russian Oligarchs
Kazakhstan-based Freedom Holding is reportedly being utilized by Russian oligarchs to avoid sanctions and cleanse funds, as stated in a...
Lanon Wee
Aug 16, 20234 min read
Company apologizes for Facebook moderation project
The company that was enlisted to manage Facebook postings in East Africa has recently stated that, given the benefit of hindsight, it...
Lanon Wee
Aug 16, 20231 min read
Nasdaq's Most Active Stocks at Noon: Discover, D.R. Horton, Nvidia, Cleveland-Cliffs, and Beyond
. At midday today, several companies are making headlines. Banks saw a sharp slide as CNBC reported that Fitch Ratings may once again...
Lanon Wee
Aug 16, 20232 min read
Founder of A.I. accused of deceiving investors and altering paperwork
Prosecutors charged that Michael Brackett, the founder of an AI startup, had falsified his financials to make money from investors,...
Lanon Wee
Aug 16, 20232 min read
TV Viewership Declines Below Half for First Time
For the first time ever, overall traditional TV usage in July fell below 50%, as streaming viewing habits among consumers make up an...
Lanon Wee
Aug 16, 20232 min read
Sage Steele's Departure from ESPN Announced After Legal Dispute is Resolved
On Tuesday, Sage Steele, who had been a longtime anchor for ESPN SportsCenter, revealed that she was leaving the network due to a recent...
Lanon Wee
Aug 15, 20232 min read
Singapore Establishes Regulations for Stablecoin Cryptocurrency
On Tuesday, Singapore's financial regulator declared the completion of regulations for a virtual currency form known as stablecoin. The...
Lanon Wee
Aug 15, 20233 min read
Fitch Issues Notice of Potential Downgrades for Numerous Banks Including JPMorgan Chase
In June, Fitch Ratings lowered its assessment of the banking sector's well-being, which Chris Wolfe claimed flew under the radar since it...
Lanon Wee
Aug 15, 20232 min read
VinFast, a Vietnamese Electric Vehicle Manufacturer, to List on Nasdaq Following Merger Completion
VinFast of Vietnam is scheduled to debut on Nasdaq in New York on Tuesday. According to a report from June, the listing is anticipated to...
Lanon Wee
Aug 15, 20234 min read
China Reveals July Data Error, Halts Release of Youth Unemployment Statistics
Retail sales saw a growth of 2.5% in July, compared to the same period of last year, falling short of the anticipated 4.5% rise as...
Lanon Wee
Aug 15, 20233 min read
Rise in Grooming Incidents Despite Postponement of Online Safety Regulations
The wait for updated online safety laws has been marked by tens of thousands of online grooming crimes being recorded. Campaigners are...
Lanon Wee
Aug 15, 20234 min read
Reimagining the Future for India's Rice Farmers
Varsha Sharma, who lives on a small farm in Himachal Pradesh, India, has experienced some difficult times in recent years. Her family...
Lanon Wee
Aug 15, 20232 min read
Weekend Traffic Jam Follows California Approval of 24-7 Robotaxi Service
On Thursday, the California Public Utilities Commission passed a 3 to 1 vote permitting two rival firms--Alphabet-owned Waymo and General...
Lanon Wee
Aug 15, 20232 min read
Lawyer of Sam Bankman-Fried Requests He Receive ADHD Medication While Incarcerated
The legal team of Sam Bankman-Fried is requesting that their client be allowed to take his prescribed medication without disruption,...
Lanon Wee
Aug 15, 20233 min read
Robots Cleaning Windows on Manhattan Skyscrapers
Skyline Robotics is revolutionizing window washing with the introduction of their new robot, Ozmo. This robot, which is currently...
Lanon Wee
Aug 15, 20231 min read
UBS Agrees to $1.4 Billion Penalty for Fraudulent Activity in Housing Market Investments
UBS will be required to pay a settlement of $1.4 billion concerning its former transgressions in relation to the offering and sale of...
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