9 h. ago EU hits Musk’s X with US$140 million fine, risking Trump’s ire

The European Union hit Elon Musk’s X with a €120 million (US$140 million) fine on Friday for breaking its digital rules, in a move that risks a fresh clash with US President Donald Trump’s administration. The high-profile probe into the social media platform was seen as a test of the EU’s resolve to police Big Tech. US Vice-President J.D. Vance fired a warning against “attacking” US firms through “censorship” before the penalty was even made public. Imposing the first fine under its powerful...

Events

4 d. ago Beijing’s crypto warning casts shadow over Hong Kong’s stablecoin ambitions

Beijing’s explicit denunciation of stablecoins as a financial risk has cast fresh doubt on Hong Kong’s ambitions to become a regulated hub for the asset class, according to legal experts and analysts. The People’s Bank of China (PBOC) – together with the public security ministry, the cyberspace administration, the top court and other key financial regulators – said in a statement on Saturday that stablecoins did not meet the mainland’s requirements on customer identification and...

Events

6 d. ago China warns of rising crypto risks, calls for tighter crackdown

China warns of rising crypto risks, calls for tighter crackdown  Tech in Asia

Events

8 d. ago UBS remains bullish on Chinese tech but warns of big market swings in 2026

UBS has warned of greater market volatility next year, citing risks ranging from weaker-than-expected artificial intelligence revenue to geopolitical tensions, but the Swiss investment bank remains bullish about Chinese technology shares and gold. UBS identified five major market risks for next year: economic weakness, a resurgence of inflation, government debts, renewed US-China conflicts, and disappointing returns from AI after three years of heavy investment. “One point that we can be very...

Events

1 week ago Mixed soybean yields amid weather swings, China’s return to market

Mixed soybean yields amid weather swings, China’s return to market  Brownfield Ag News

Politics

2 w. ago Why Asean’s AI ambition may lead to widening economic and tech divide

As countries and economies around the world scramble for a slice of the growing artificial intelligence pie, Southeast Asia is also aiming to usher in a new dawn of higher productivity, fuelled by more investment and research opportunities in the technology. But tech experts warn that a deepening economic and tech divide is looming as nations in the region adopt AI at a different pace. On Wednesday, Google DeepMind announced the opening of a research lab in Singapore, focused on researching and...

Economics

2 w. ago Secret Loans Expose China’s Global Tech Strategy, Researchers Warn

Secret Loans Expose China’s Global Tech Strategy, Researchers Warn  Dagens.com

Events

4 w. ago Amid fragile markets, how to predict when the bubble will burst?

Economist Paul Samuelson famously quipped that stock markets accurately predicted nine of the last five recessions. The same could be said of financial economists. So-called leading indicators like market sentiment swing with the daily news. Optimism is the default option but bull markets die hard. Still, most seasoned financial economists now recognise that stock markets are becoming more fragile. And so does the crowd. The frequency of online searches for “stock market bubble” has surged since...

Politics

4 w. ago As markets grow more fragile, matter of time before the bubble bursts

Economist Paul Samuelson famously quipped that stock markets accurately predicted nine of the last five recessions. The same could be said of financial economists. So-called leading indicators like market sentiment swing with the daily news. Optimism is the default option but bull markets die hard. Still, most seasoned financial economists now recognise that stock markets are becoming more fragile. And so does the crowd. The frequency of online searches for “stock market bubble” has surged since...

Politics

4 w. ago Nvidia CEO Jensen Huang warns China will ‘win the AI race’: report

Nvidia CEO Jensen Huang warned that China “is going to win” the race to develop next-generation artificial intelligence, urging Washington to speed up its efforts. The head of the world’s first company to reach US$5 trillion in market value told The Financial Times that Beijing’s energy subsidies were boosting its drive to build cutting-edge semiconductors used to power AI technology developments. “China is going to win the AI race,” the British newspaper cited him as saying on Wednesday at an...

Events

4 w. ago Nvidia's Jensen Huang turns up the heat on his warnings about the US

Nvidia's Jensen Huang turns up the heat on his warnings about the US-China tech race  Business Insider

Events