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Some 44 state agencies were targets of a cyberattack by the notorious Lockbit gang, which demanded an $8 million ransom. But the government has refused to pay.
Toyota production in China sank by 22%, partly because local brands are more competitive. Meanwhile, Zeekr EVs have sold well in Russia, despite the lack of charging stations
China objects to envoy's claim that it is blocking people from attending US embassy events, despite Xi's pledge in November to try to improve bilateral ties
Tokyo imposed asset freezes and export bans on 11 companies, plus groups in five countries last Friday over sanctions related to Russia's invasion of Ukraine
Chinese consumers have become more cautious, analysts say, after sales during the second biggest online shopping festival slipped for the first time last week
Regulators fear the companies could access personal information and intellectual property stored in their 'clouds' and provide it to the Chinese government or disrupt Americans' access to it, sources said
Chinese companies have asked top Malaysian officials to lobby against the US imposing tariffs on products made or assembled in Malaysia
India is seeing a sharp surge in incidences of cyber scams, with authorities recording a whopping average of 7,000 cybercrime complaints per day last month
New report says the finance sector could face great disruption from AI, and that half the jobs in banking could eventually be made redundant
The 5nm application-specific integrated chip would be compliant with US export rules, sources say, with production by TSMC likely next year
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Southeast AsiaCan Singapore Oust Hong Kong To Be Asia’s Fintech Leader? -
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With a market cap of$240 billion, chipmaker ASML is Europe’s most valuable tech company. Its market-leading position comes from its monopoly in Extreme Ultraviolet Lithography (EUV) machines which allow chipmakers to make smaller, faster and smarter semiconductors
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PaymentsCan China Take Place of SWIFT System? Analysts Say ‘No’There is no global payment system that is strong enough to act as an alternative to SWIFT and enable Russia to evade sanctions
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MarketsChina Becomes World’s Second-Biggest Bitcoin Mining HubThe Bitcoin mining ban in China last year had collapsed its crypto markets. Despite that, the country has reemerged as a major bitcoin mining hub, according to research by the UK's University of Cambridge.
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Market InsightsHere’s How China Can Win the Tech War With USAThe Chinese government is doubling down on incentives for innovation, which it believes to be the cornerstone of its future growth and international position.
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Fintech InsightsAsia Becomes the Epicentre of Global NFTsAsia is the frontrunner in the NFTs craze with Central and Southeast Asia accounting for 35% of the $22 billion in global trade
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