WASHINGTON, 4th March 2025 (BSS/AFP) – CoreWeave, a US-based startup specialising in cloud-powered artificial intelligence (AI), has filed with US regulators to go public, marking its intention to debut on the stock market. The company revealed in its filing that it generated $1.9 billion in revenue last year, a staggering sevenfold increase from 2023, driven […]

NEW YORK, 4 March 2025 (BSS/AFP) – The value of Bitcoin tumbled nearly 10 per cent on Monday as escalating trade tensions and uncertainty surrounding the creation of a US cryptocurrency reserve fund spurred investors to retreat from risk. Initially buoyed by US President Donald Trump’s suggestion of establishing a national cryptocurrency reserve, Bitcoin and […]

WASHINGTON, 4 March 2025 (BSS/AFP) – Taiwanese semiconductor giant TSMC has pledged to invest at least $100 billion in the United States to establish “cutting-edge” manufacturing facilities, President Donald Trump announced on Monday. This move marks the latest significant financial commitment by a private company since Trump returned to office. Taiwan Semiconductor Manufacturing Co.’s latest […]

HONG KONG, 3rd March 2025 (BSS/AFP) – Asian markets surged on Monday, buoyed by optimism that China would unveil a substantial stimulus package to mitigate the impact of looming tariffs imposed by US President Donald Trump on Chinese goods. Investors were also keeping a close eye on any last-minute negotiations to avert the tariffs that […]

TOKYO, 3rd March 2025 (BSS/AFP) – Shares in Seven & i, the Japanese parent company of the renowned convenience store chain 7-Eleven, surged by over four percent on Monday after reports emerged stating that the company’s CEO would step down. Last week, Seven & i confirmed that its founding family had failed to secure a […]

BEIJING, Feb 24, 2025 – Chinese technology giant Alibaba has announced plans to invest over $50 billion in artificial intelligence (AI) and cloud computing over the next three years. This decision comes just a week after co-founder Jack Ma was seen meeting with President Xi Jinping, marking a significant moment in the company’s trajectory. In […]