Indonesia Has World's 4th Strongest Navy; 4 Other Asian Countries In Top 10
Indonesia is only behind the U.S., China and Russia in the ranking, which looked at the overall strength, modernization, logistical support and attack and defense capabilities of countries.
Vietnam's EV Industry Could See Strong Growth In 2023 As VinFast, Others Ramp Up Local Production
Vietnam's EV sector is expected to see strong growth this year, driven by local production, but challenges such as low income among the public and inadequate charging infrastructure may dampen hope.
After G20 Fails To Agree On Emission Goals, China's Claims Of Climate Leadership Under Test
China rejected blame for the G20 climate meet's failure to secure an agreement, blaming "some countries" that "introduced geopolitical issues as an obstruction."
Coal Dependence, Extreme Weather Events Putting China's Climate Efforts At Risk
China aims to become carbon neutral by 2060 and it has made significant strides in renewable energy, but it continues to rely on coal for energy generation.
China Slams US' 'Enormous Lie' About Forced Labor In Xinjiang After 2 More Companies Blacklisted
Beijing's foreign ministry has criticized the U.S. for adding two more companies to its UFLPA entity list, saying allegations of forced labor in Xinjiang were lies propagated by anti-China elements.
Tech Layoffs: Cybersecurity Firm HackerOne Cuts 12% Of Staff As Part Of Restructuring Plan
A study in February revealed that cybersecurity teams will be less likely affected by the wider tech reckoning, but several cybersecurity companies have already implemented job cuts this year.
Tech Layoffs: Satellite And Data Company Planet Cuts 117 Employees; All Units Affected
CEO Will Marshall said Planet has had increased costs and business complexity since it went public in December 2021. Furthermore, changes in the macroeconomic environment also affected the company.
'Re-Experience' A Tour Or 'Preview' A Travel Location? How The Metaverse Could Reshape Tourism
The metaverse may still be years away from actually becoming part of everyday life, but it offers opportunities for the travel industry to insulate itself from the kind of vulnerabilities that were revealed during the pandemic.
Cybersecurity Firm Kape Technologies Lays Off 180 Staff; Over 200K Tech Jobs Hit So Far
London-based Kape Technologies has laid off around 180 employees, citing a restructuring process at the cybersecurity firm that owns ExpressVPN. Kape joins 901 other tech companies that implemented job cuts so far this year.
China Says US Turning Taiwan Into 'Ammunition Depot'; Sends Navy Vessels Around Island
China has warned that U.S. military aid to Taiwan will not stop its "firm will" for reunification with the self-governing island nation. Beijing has also continuously sent in warplanes and vessels around the island as Taiwan bolsters its defenses.
Asia's Future Fintech Capital? India Poised For 'Breakthrough' With CBDC, Digital Assets
India's fintech industry is poised to make a breakthrough as the government continues to support the adoption of CBDC and digital efforts, experts say. Continuous financial inclusion and recent fintech trends such as neo banks may also support further growth.
Doksuri Philippines: 13 Dead, 20 Missing, 12 Injured, $1.1M In Agricultural Damages Reported
Doksuri has left the Philippines, but its impacts can still be felt in regions where power has yet to be restored, agricultural crops were wiped out, homes were totally damaged and landslides resulted in deaths.
Typhoon Doksuri: Manila Suspends Classes, Work As Taiwan Braces For Potential Hit
The tropical storm, which was upgraded into a typhoon Sunday night and intensified in the past several hours, has been projected to potentially strengthen further into a super typhoon Tuesday as it remains unclear whether it will hit Hong Kong or Taiwan.
Apple Is Using 'ChatGPT-Like' Tool Internally For Summarizing, Answering Questions: Report
As other big tech companies continue to release new AI products and announce AI collaborations, Apple, known for wrapping its products in secrecy, is reportedly working on AI tools that could challenge the likes of OpenAI's ChatGPT.
FTX Sues SBF And Others For Allegedly Misusing Funds, Borrowing Without Intent To Pay
FTX is suing Sam Bankman-Fried and several others in the disgraced crypto titan's inner circle for allegedly misappropriating company funds for their own interests, among them being loans borrowed from Alameda that the accused allegedly had no intention to pay.
Biotech Firm FibroGen Cuts 32% Of Staff After Recent Clinical Trial Failures
FibroGen joins Illumina and Genentech in implementing job cuts among Bay Area biotech firms this year.
Where Is Qin Gang? China's Foreign Minister Missing For More Than 3 Weeks
Chinese FM Qin Gang has been out of public view since June 25, and speculations have continued about the reasons for his disappearance, including an alleged extramarital affair.
Gensler Requests Additional Funding To Regulate 'Highly Speculative Asset' Crypto Industry
SEC chair Gary Gensler is requesting additional funding to help the agency regulate crypto markets that he said were "rife with noncompliance." The agency has been clamping down on the crypto industry, with Ripple scoring a win earlier this month over a security lawsuit.
Prigozhin Seemingly Resurfaces, Says Wagner Will Make Belarus Army 'Second Greatest In The World'
A video showed a man looking like Yevgeny Prigozhin greeting Wagner mercenaries. His exact whereabouts are still unknown and there have been speculations about whether he is in Belarus or not.
Microsoft Shuts Down A Sales Unit, Cuts Over 1,000 Jobs In New Round Of Layoffs: Report
Microsoft reportedly eliminated more than 1,000 jobs in the past week, affecting customer service and sales units the most. The company has been investing heavily in AI in recent months.
TikTok Tests Potential Spotify, Apple Music Rival In 3 More Countries Amid India Ban, US Woes
Video-sharing app TikTok has rolled out beta testing for its music streaming service in three more countries after previously launching the service in Brazil and Indonesia. The move could allow the ByteDance-owned company to compete with Spotify and other dominant players in the industry.
Massive Job Losses Loom Over Asia's Big BPO Destinations As AI Jolts Industry
There are so many potential uses for AI in the BPO industry such as enhancing the workflow and eliminating repetitive tasks among BPO workers. Will the benefits outweigh fears regarding potential human job losses?
Crypto Custodian Prime Trust Placed Into Receivership Amid Allegations Of Misusing Customers' Funds
Prime Trust, which was supposed to be acquired by BitGo, has been placed into receivership following a petition by Nevada's financial regulator over alleged shortages of customer funds at the crypto custody firm.
Australia Cancels License Of FTX's Local Subsidiary That Had Around 30,000 Clients
Australia's financial regulator has finally canceled FTX Australia's license after suspending it in November. The company still has to compensate its clients.
Celebrity Greeting App Cameo Cuts Staff, Citing 'Worsening' Macroeconomic Conditions
Celebrity greeting app Cameo is cutting its staff again after laying off employees last year. The company admitted to hiring too fast during the pandemic and is now looking to operate with a "more streamlined" workforce.
Philippines Expresses Disappointment Over ICC's Rejection Of Appeal To Block Duterte Drug War Probe
The Philippines' OSG said the ICC decision will not prevent the government from pursuing its own investigation into allegations regarding the Duterte administration's drug war.
China Under Pressure To Get Russia Back After Black Sea Grain Deal Collapse
China, which obtains a huge portion of its grains from Ukraine, is under international pressure to convince Russia to rejoin the Black Sea grain deal that plays a major role in ensuring exports to food insecure countries.
Elon Musk, Other Tesla Directors To Return $735M Over Accusations Of Overpaying Themselves
Elon Musk and other Tesla board directors have agreed to return $735 million to the company over claims they were overpaid between 2017 and 2020, which the directors have denied.
Prigozhin Effect? Russian Military Reportedly Sheds Another Leader Amid 'Growing Insubordination'
Another Russian commander has reportedly been dismissed, and this could mean a pattern of insubordination has built up within the Russian military command as criticism among the army's leaders seem to mount.
Crypto Will 'Transcend' US Dollar, Other Traditional Currencies, BlackRock CEO Predicts
BlackRock's Larry Fink believes cryptocurrencies have the ability to someday "transcend" all traditional currencies, about six years after he criticized digital assets, saying they could be used for money laundering activities.