Posts by Swedan Margen
Ant Group’s profit rises with Jack Ma back in the public eye
ANT Group’s quarterly profit surged more than 50-fold after it benefited from an investment gain, a major boon for the Chinese fintech giant founded by Jack Ma. The Hangzhou-based online finance firm contributed nearly 4.49 billion yuan (S$828 million) of profit to Alibaba Group Holding. Considering Alibaba’s one-third stake in Ant, that translates to an…
Read MoreTale of Two Weegees at the International Center of Photography
Gotham-mayhem pics still jolt while Hollywood-glam pics merely amuse. Source link
Read MoreThe Theatrical Release of “Compensation” Is Cause for Celebration
It took only twenty-five years from the time that “Compensation,” Zeinabu irene Davis’s first fiction feature, premièred at Sundance to the time, this coming Friday, that it gets its theatrical release. Many films have languished in undue obscurity because of obtuse reviews when they were first screened. “Compensation,” however, received several enthusiastic ones out of…
Read MoreGenting Singapore posts 34% fall in H2 net profit to S$222 million
GENTING Singapore posted a 34 per cent fall in net profit to S$222 million for the half year ended Dec 31, 2024, from S$334.9 million in the corresponding year-ago period. The decline comes as half-year revenue slid 12 per cent year on year to S$1.2 billion, from S$1.3 billion. In its bourse filing on Thursday…
Read MoreTikTok restructures trust and safety team, lays off staff in unit: sources
The layoffs began the same day for teams in Asia and Europe, Middle East and Africa TIKTOK is laying off global staff at its trust and safety unit which handles content moderation as part of a restructuring, three sources familiar with the matter said on Thursday (Feb 20). Two sources said that Adam Presser, operations…
Read MoreDeepSeek rally helps Chinese tech firms raise more funds
Listed Chinese companies have raised more than US$1 billion globally through placements so far this year, with most of it in February THE stars are aligned for Chinese technology companies to boost stock financing, capitalising on a DeepSeek-driven US$1 trillion rally and Beijing’s perceived softer stance on the once-battered sector. This week, robot maker UBTech…
Read MoreGrowth in global private equity deal flow may be slower than expected this year: Preqin
INVESTORS forecasting a quick uptake in global private equity (PE) activity this year may be disappointed, especially if the gap in pricing expectations between buyers and sellers persists, said a report by data platform Preqin. “Dry powder continues to accumulate to record levels in absolute terms, which creates ready buyers on the demand side; however,…
Read MoreMost US manufacturers forecast layoffs at Vietnam operations with Trump tariffs: survey
MOST US manufacturers surveyed by the American Chamber of Commerce (AmCham) in Vietnam said they would be likely forced to lay off workers if the Trump administration imposed tariffs on the export-reliant South-east Asian country. The survey was conducted from Feb 4 to 11 over the period when US President Donald Trump had already approved…
Read MoreLenovo’s profit beats estimates as AI fuels PC recovery hopes
Investors are betting that PC makers from HP to Dell Technologies will benefit in 2025 as consumers pick up devices with more AI features LENOVO Group’s quarterly profit beat projections, highlighting how artificial intelligence (AI) infrastructure spending is helping pull the global personal computer (PC) market out of a years-long funk. Net income more than…
Read MoreTrump order calls for agencies to run regulations past DOGE
President Trump signed an executive order Wednesday calling for agency heads to work with the Department of Government Efficiency to review all regulations as a way to continue his ongoing effort to make the government more efficient. Source link
Read MoreTrump order eliminates advisory committees, federal groups
President Trump signed an executive order Wednesday that targets numerous federal agencies, including the United States Institute of Peace and several advisory committees, in his ongoing effort to reduce the size of the federal government. Source link
Read MorePanama sends U.S. deportees to the Darien camp after they refused to return to their countries
Panama transferred 98 deportees from various nations it had received from the United States to a camp in its Darien province Wednesday, an area that became the main thoroughfare for migrants traveling from South America to the U.S. border in recent years, a government official said. Source link
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