By Divya Chowdhury and Lisa Pauline Mattackal (Reuters) – Private equity exits in North America and Europe are currently challenging, while markets in Southeast Asia look attractive to invest into, an executive at alternative investment firm Investcorp said on Wednesday. “North America and European exits remain challenged, it’s frustrating,” Hazem Ben-Gacem, co-chief executive officer of …
By Nate Raymond (Reuters) – A U.S. appeals court on Wednesday wrestled with whether the video-based social media platform TikTok could be sued for causing a 10-year-old girl’s death by promoting a deadly “blackout challenge” that encouraged people to choke themselves. Members of a three-judge panel of the Philadelphia-based 3rd U.S. Circuit Court of Appeals …
Mother whose child died in TikTok challenge urges US court to revive lawsuit Read More »
SHANGHAI (Reuters) – China’s BYD plans to end production of the pouch-type batteries used in its best-selling hybrids as the automaker seeks to address durability concerns and the risk that they could leak, said three people familiar with the matter. The world’s top seller of battery-powered cars last month began converting production lines for pouch-type …
(Reuters) -Apple ended Samsung Electronics’ 12-year run as the largest seller of smartphones in the world, after commanding a 20% market share in 2023, according to a report from International Data Corp. Samsung ended the year with a 19.4% share, followed by China’s Xiaomi, Oppo and Transsion, preliminary data from IDC’s Worldwide Quarterly Mobile Phone …
Apple overtakes Samsung as top seller of smartphones Read More »
(Reuters) – The Philippines plans to propose the creation of a Southeast Asian regulatory framework to set rules on artificial intelligence (AI), based on the country’s own draft legislation, the speaker of its Congress said on Wednesday. At the World Economic Forum in Davos, Martin Romualdez said on a panel the Philippines would present a …
Philippines to propose ASEAN AI regulatory framework, house speaker says Read More »
By Josh Ye BEIJING (Reuters) -China’s industry ministry on Wednesday issued draft guidelines for standardising the artificial intelligence (AI) industry, it said in a statement posted on the ministry’s website. The draft proposes to form more than 50 national and industry-wide standards for AI by 2026. It also said China aimed to participate in forming …
China issues draft guidelines for standardising AI industry Read More »
(Reuters) – Samsung will deploy Google’s generative artificial intelligence technology in its Galaxy S24 series smartphones that were unveiled on Wednesday, the companies said. Under the multi-year deal, the South Korean firm’s flagship S24 series will use in-built Gemini Nano, Google’s most-efficient large-language model, and get access to Gemini Pro and Imagen 2 text-to-image tech …
Samsung to embed Google’s generative AI tech in S24 smartphone series Read More »
By Hyunjoo Jin and Christoph Steitz (Reuters) -Tesla has slashed prices of its Model Y cars across Europe including in Germany, a week after the company cut prices in China in the face of uncertain electric-vehicle demand. The cuts, as well as lowered price targets from brokerages UBS and Wells Fargo, sent Tesla’s shares down …
Tesla slashes Model Y prices in Europe after China price cuts Read More »
TOKYO (Reuters) -Japan Airlines named its first female president on Wednesday, a former cabin attendant who rose through the ranks to senior management, taking a deeply symbolic step in a country struggling to close a vast gender gap at work. Mitsuko Tottori, a senior managing executive officer who joined JAL in 1985, the year it …
Japan Airlines names former cabin attendant as first female president Read More »
By Gayatri Suroyo and Stefanno Sulaiman JAKARTA (Reuters) – Indonesia’s central bank kept policy rates steady on Wednesday to stabilise the rupiah and keep inflation within target, but said it would be patient over its next moves, with room to cut rates dependent on the currency. Bank Indonesia (BI) left unchanged its benchmark 7-day reverse …
Indonesia central bank keeps rates unchanged, to be patient on easing Read More »
