Singapore Regulator Says AI is Focus of Marquee Fintech Festival
Artificial intelligence will take center stage at Singapore’s annual fintech event in November, underscoring the growing significance of the technology.
Bloomberg Business
Winklevoss Twins’ Gemini Exchange to Seek Crypto License in UAE
Billionaire twins Tyler and Cameron Winklevoss’ Gemini crypto exchange plans to apply for a digital-asset license in the United Arab Emirates.
Dubai Revives Palm Island Project After 14 Years Amid Rebound
Dubai’s ruler approved a new development plan for the largest of the city’s famous palm-shaped artificial islands, reviving a project that was halted amid the global credit crisis of 2008 and left hundreds of buyers in limbo.
China’s Home Sales by Top Developers Slow as Rebound Falters
China’s home sales growth abated in May following a brief rebound, underscoring weakening momentum in the economy.
Kim’s Sister Asserts Pyongyang’s Right to Launch Satellite
The powerful sister of North Korean leader Kim Jong Un warned no country can deny Pyongyang’s right to put a spy satellite into space and vowed to put one in orbit soon following Wednesday’s failed launch.
Fujitsu’s $2.7 Billion Shinko Stake Said to Draw Bain, KKR
Apollo Global Management Inc. and Bain Capital are among potential bidders for Fujitsu Ltd.’s controlling stake in Shinko Electric Industries Co., a packaging material maker for semiconductors, according to people familiar with the matter.
US Birthrate Dips Slightly in 2022 After Rebound in Prior Year
The US birth rate declined slightly last year after picking up in 2021 from a multi-decade low in 2020, when the pandemic struck.
China’s Economic Powerhouse Plans More Offshore Wind Power Than World Builds in a Year
China’s Guangdong province will accept bids this month to construct 23 gigawatts of offshore wind power as one of the nation’s economic engines seeks to stave off energy shortages.
Ukraine Recap: Three People Die in Latest Russian Attack on Kyiv
At least three people were killed, including two children, in the latest Russian missile assault on Kyiv, Mayor Vitali Klitschko said on Telegram early Thursday. The attack, the 19th in the past month, injured at least another 14 people, and missile debris hit a hospital and private cars on the left bank of the Dnipro River, officials added.
Chinese EV Maker Hozon Weighs June Filing for $1 Billion Hong Kong IPO, Sources Say
Hozon New Energy Automobile Co., a company making affordable electric vehicles in China, is considering filing for its $1 billion Hong Kong initial public offering as soon as this month, according to people familiar with the matter.
