Stocks on Wall Street declined as tech names edged lower ahead of the Asia’s Wednesday trading day. The data calendar for the region is relatively light and investors will likely keep an eye on the Senate vote on a U.S. tax bill. House Republicans will have to vote on the GOP tax bill again after […]

Ride-hailing firm Ola has acquired the Indian unit of online food delivery service Foodpanda from Delivery Hero in exchange for an undisclosed equity stake. Ola, the online transport service now based in Bangalore, said Tuesday that it would invest $200 million into Foodpanda’s Indian business, adding that this would be the largest injection of cash […]

Japan and South Korea urged China to do more to “pressure” North Korea to end its nuclear and missile programmes, Japanese Foreign Minister Taro Kono said on Tuesday, as tension builds amid a standoff between North Korea and the United States. North Korea has boasted of developing a missile capable of carrying a nuclear warhead […]

Cooperation between China and the United States will lead to a win-win outcome for both sides, but confrontation will result in mutual losses, China said on Tuesday, after the United States branded it a competitor seeking to challenge U.S. power. China hopes the United States can abandon its mentality of zero-sum games and seek common […]

The risk of a North Korean nuclear meltdown can’t be ignored, according to a recent note published on 38North, a project of the US-Korea Institute at Johns Hopkins School of Advanced International Studies. Longstanding doubts over the hermit kingdom’s nuclear safety resurfaced in July, when a video emerged of leader Kim Jong Un smoking a […]

North Korea typically evokes images of its bellicose dictator Kim Jong Un or ordinary citizens struggling to make ends meet against the backdrop of crippling economic sanctions. Geoffrey See wants to change that. See is a former management consultant at Bain who gave up a lucrative career to bet big on North Korea’s business potential. […]

In contrast to the often-heard doomsday commentaries that robots will replace human workers, research firm Gartner predicts that artificial intelligence may actually create more jobs than it’s expected to eliminate. By 2020, artificial intelligence (AI) will generate 2.3 million jobs, exceeding the 1.8 million that it will wipe out, the company said in a recent […]

Australia’s central bank has become more confident about the economic outlook in recent months, but weakness in consumer spending remains a “significant risk” amid slow income growth and high debt levels. Minutes of the Reserve Bank of Australia’s December meeting showed policymakers again balanced subdued inflation against record high household debt while leaving interest rates […]

The Trump administration is expected on Tuesday to publicly blame North Korea for unleashing a cyber attack that crippled hospitals, banks and other companies across the globe earlier this year, said two sources familiar with the matter. The accusation that the North Korean government was behind the so-called WannaCry attack comes as worries mount about […]

Western countries are growing increasingly cautious of China’s Communist Party. Officials in the U.S., Australia, New Zealand and Germany — major recipients of Chinese foreign direct investment — have been questioning the extent of Beijing’s interference on their home turfs amid recent developments that suggest rising Chinese clout. Last Wednesday, the U.S. Congressional-Executive Commission on […]