China’s market regulator has opened an investigation into Nvidia, the top AI chipmaker suspected of violating anti-monopoly laws in a significant deal in 2020, state broadcaster CCTV reported. The investigation focused on Nvidia’s recent moves and its purchase of Mellanox Technologies four years ago. The Chinese government approved the $7 […]
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Pakistan Bans Wikipedia
The Pakistan Telecommunications Authority has banned Wikipedia, the online encyclopedia maintained by volunteers. That reports the BBC. The website had been blocked since Saturday after Wikipedia was given 48 hours to remove allegedly blasphemous content. “Wikipedia has been unblocked as instructed by the Prime Minister,” said PTA spokesman Malahat Rab. […]
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Protests Continue Against Xi Jinping’s Corona Policy Also Outside China
Solidarity protests against the strict covid policy in China took place in some cities in North America and Europe last night. In Paris, among others, demonstrators showed signs with ‘Urumqi’, the Chinese city where a fire in an apartment building claimed 10 victims last week. There have been fierce protests […]
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Recession Fears Lead to Losses in Asian Markets
Stock markets in Asia and Australia fell on Wednesday. Fears of a recession and high inflation resurfaced among investors. New consumer confidence releases in Japan and South Korea did little good for sentiment. The South Korean central bank said consumer confidence fell sharply in June. Households in Asian countries […]
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Tech Companies Down Again on Asian Stocks
Asian stocks fell again on Tuesday after the continued sell-off on Wall Street. Fears that the US Federal Reserve will intervene harder than expected to combat high inflation have gripped markets. The Fed will make an interest rate decision on Wednesday and may then raise interest rates by 0.75 […]
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Asian Investors Fear Central Banks Inflation Approach
Stock markets in Asia were mostly down on Thursday. Investors were cautious after new signals that central banks like the US Federal Reserve are looking to step up their efforts to tackle high inflation. There are fears that this could affect economic growth. Furthermore, the financial markets reacted to […]
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Indonesian Parliament Approves Move to New Capital
On Tuesday, the Indonesian parliament approved the law regulating the relocation of the capital. In a few years, Jakarta will no longer be the archipelago’s capital but Nusantara. That city is to be located in a currently densely forested area on the island of Borneo. On Monday, the Minister […]
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Taliban Announce Amnesty and Want People to Work
The new rulers in Kabul, the Taliban, say there is a general amnesty for government employees and want them to return to work. “You can safely resume your normal life and get back to work,” said a Taliban message. The extremist Taliban have held power across the country since […]
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Game Companies Crash on Asian Stocks After Beijing Criticism
The Japanese and Chinese makers of computer games fell hard on the stock exchanges in Tokyo and Hong Kong on Tuesday. The price drops followed reports in Chinese state media describing online gaming as “spiritual opium” and raising concerns about the amount of time youth spend playing games. As […]
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Dead and Injured After A Severe Earthquake in Indonesia
A magnitude 6.2 earthquake has rocked the Indonesian island of Sulawesi, the country’s disaster relief agency said in a statement Friday. At least three people have died. Also, 24 people were injured. The earthquake’s epicentre was 6 kilometres northeast of Majene, the island’s capital. The quake took place at […]