Culture
China trials ‘energy-saving’ underwater data centres
Undersea servers are kept at a low temperature by ocean currents, rather than the energy-intensive air cooling or water evaporation required by centres on land[NANTONG, China] Power-hungry data centres...
Nomura unit Laser targets Japan’s booming crypto trading market
The news comes with crypto pushing further into mainstream financial services in the country[TOKYO] Nomura Holdings plans to expand in Japan’s digital-asset market through a subsidiary, as crypto trading...
Indonesia starts construction of 92 megawatt floating solar plant
The country plans to add 42.6 gigawatts of renewable energy, almost 61% of the additional power it plans to raise, to its grid by 2034[JAKARTA] Indonesia’s state utility firm...
Vietnam central bank vows to push growth, limiting credit risks
The trade levies are putting upward pressure on inflation and adding pressure on the currency[HANOI] The State Bank of Vietnam plans to keep pursuing policies to spur growth while...
Yangzijiang Financial pumps 1.02 billion yuan in lithium battery producer Ningbo Shanshan’s restructuring
The investment by the group and two of its investors gives them effective voting rights of 23.4 per cent in the lithium battery producer [SINGAPORE] Investment management company Yangzijiang Financial...
Singlife to roll out new investment solutions via Fullerton collaboration
The tie-up marries Singlife’s reach, as well as its insurance and investment platforms, with Fullerton’s proven investment expertise[SINGAPORE] Customers of homegrown financial-services company Singlife will soon have access to...
BYD sees first sales decline in 18 months amid fierce competition in China’s EV market
The decline comes as the company slashed its sales goal for this year by 16% to 4.6 million units[BEIJING] Electric vehicle juggernaut BYD’s monthly sales fell for the first...
US: Wall Street opens lower after weak private payrolls data, government shutdown
WALL Street’s main indexes opened lower on Wednesday (Oct 1) after much weaker-than-expected private payrolls data, while the federal government’s shutdown raised uncertainty around the central bank’s visibility into...
Indonesia’s healthcare moment is now
With rising demand, bold reforms and a digital backbone now in place, Indonesia is opening its doors to long-term healthcare investment like never beforeWHEN I speak with clients across...
LG Electronics aims to make India a global manufacturing hub with local unit’s listing
[MUMBAI / BENGALURU] LG Electronics is looking to position India as a global manufacturing hub, an executive of its Indian unit said on Wednesday (Oct 1), as the appliance...
