Apple is scheduled to host its next launch event on September 9, where the company is expected to unveil its newest iPhone series and potentially its foldable phone, according to reports from Reuters and CNN. The high-profile debut marks a critical turning point for the tech giant as it navigates a competitive market and transitions … Read more
Fast-fashion retailer Shein is set to debut on the Hong Kong stock exchange in a $1.7 billion initial public offering, valuing the company at $26.5 billion after failed attempts to list in New York and London, according to reports from Reuters. According to Stanford University law professor Curtis Milhaupt, the move marks a definitive pivot … Read more
Himalayan Flood Death Toll Nears 600 as Rescue Teams Reach Ruins Rescue teams in Nepal and China resumed operations in the flood-hit Himalayas, with a Chinese rescue team reaching the all-but-obliterated Gyirong border crossing complex for the first time and finding “nothing but ruins,” according to reports from Reuters. A glacier collapse unleashed a massive … Read more
The Penghu Islands would be hit in the first wave of an attempted Chinese invasion, according to senior Taiwanese security officials and military experts, as Taipei bolsters the military garrison and trains locals in civil defense. Control of the 90-island archipelago, located about 50 kilometers off Taiwan’s southwest coast, allows Taipei to resist a People’s … Read more
China’s drug regulator has accepted Novo Nordisk’s application to sell an oral version of its Wegovy weight-loss drug, according to a Reuters report published on August 27. The regulatory filing in the world’s second-largest pharmaceutical market marks a step for the Danish drugmaker as it chases rival Eli Lilly in the burgeoning anti-obesity sector. Regulatory … Read more
Prudential reported first-half new business profit of $1.38 billion, rising 8% on a constant exchange rate basis according to Reuters reporting by Sameer Manekar and Shruti Agarwal, driven by growth in Hong Kong, Malaysia, and Singapore while expanding its ongoing share repurchase program by $300 million. Prudential First-Half New Business Profit Rises 8% to $1.38 … Read more
South Korean President Lee Jae Myung called for greater police accountability following public outrage over the mishandling of missing-person cases on Jeju island, as nationwide reforms are set to grant the force expanded investigative powers. Four missing people were found dead over a three-day period, exposing critical lapses in how authorities closed active investigations without … Read more
The U.S. Department of Homeland Security proposed raising the H-1B visa application fee to a permanent $103,265, following a legal battle over President Donald Trump’s initial efforts to overhaul the skilled foreign worker program. According to Reuters reporting, the visa program allows technology companies and other industries to employ foreign professionals for a few years, … Read more
Unitree shares slumped 45% from their debut peak in late August, dropping by $30 billion after soaring to an early $66 billion valuation on the Shanghai STAR Market, according to Reuters. The steep post-listing selloff for China’s best-known humanoid robot maker has triggered widespread regulatory and investor anxiety over retail losses, retail trading frenzies, and … Read more
Apple has trained a large language model specifically for the China market with support from Alibaba Group, according to three people familiar with the matter who spoke with Reuters. The development marks a departure from the iPhone maker’s prior strategy of relying entirely on third-party models to power artificial intelligence features in the country, where … Read more