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HSBC setting up $1 billion growth fund to scale up digital platform businesses in Southeast Asia

SINGAPORE (Reuters) -HSBC on Wednesday said it is setting up a $1 billion growth fund called ASEAN Growth Fund that provides lending to companies that are scaling up via digital platforms across

SK Hynix chief says HBM chips to be double-digit percentage of 2024 DRAM chip sales

SEOUL (Reuters) -South Korea's SK Hynix, an Nvidia supplier, expects high-bandwidth memory (HBM) chips used in AI chipsets to make up a double-digit percentage of its DRAM chip sales in 2024, CEO Kwak

Chinese TikTok sellers complain of under-fire platform tightening US rule enforcement

By David Kirton SHENZHEN, China (Reuters) - Chinese e-commerce vendors that want to sell products on TikTok Shop in the U.S. as an alternative to Amazon are upset by moves they say the short video app

Biden administration pursuing TikTok over data practices, Politico reports

(Reuters) - The U.S. Federal Trade Commission has been investigating TikTok over allegedly faulty privacy and data security practices, and could decide to bring a lawsuit or settlement in the next few

GameStop cuts jobs, quarterly revenue falls

(Reuters) -Videogame retailer GameStop said on Tuesday it had cut an unspecified number of jobs to reduce costs and reported lower fourth-quarter revenue amid rising competition from e-commerce firms

Apple to hold Worldwide Developers Conference from June 10

(Reuters) -Apple will hold its Worldwide Developers Conference (WWDC) from June 10 to June 14, it said on Tuesday, amid reports that the iPhone-maker was in talks for AI partnership and could unveil

US charges KuCoin crypto exchange with anti-money laundering failures

(Reuters) -Federal prosecutors in Manhattan on Tuesday charged KuCoin, one of the world's largest cryptocurrency exchanges, with violating U.S. anti-money laundering laws by failing to vet customers,

Apple to hold annual developers conference June 10-14

(Reuters) -Apple will hold its Worldwide Developers Conference (WWDC) online from June 10 through June 14, it said on Tuesday. The event will highlight updates to the software powering iPhones, iPads

US CFTC charges Kucoin with operating illegal digital asset derivatives exchange

WASHINGTON (Reuters) - The U.S. Commodity Futures Trading Commission on Tuesday said it had charged cryptocurrency exchange Kucoin with operating an illegal digital asset derivatives exchange. In a

Send robots into space rather than people, says Britain’s Astronomer Royal

LONDON (Reuters) - Britain's Astronomer Royal Martin Rees said sending people into space when robots could do the job just as effectively was a waste of public money, and space exploration should be

On Camera

At Charcha 2025: Local entrepreneurship, not just big IT, will drive next wave of distributed AI work

While global corporations setting up GCCs in India continue to express confidence in availability of skilled AI engineers, the panel argued that India’s real challenge lies elsewhere.

US pilot says his team pulled out of Dubai Air Show after Tejas crash out of respect for IAF pilot

Taylor ‘Fema’ Hiester, commander of USAF F-16 Viper Demo Team, hit out at air show organisers for continuing with the show after Wing Commander Namansh Syal lost his life in the incident.

A tribute to Tejas. India’s delay culture is the real enemy in the skies

It is a brilliant, reasonably priced, and mostly homemade aircraft with a stellar safety record; only two crashes in 24 years since its first flight. But its crash is a moment of introspection.