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Tencent posts quarterly drop, to distribute $20.3 billion in Meituan shares

By Josh Ye HONG KONG (Reuters) -Tencent Holdings said on Wednesday it would distribute its $20.3 billion stake in food delivery firm Meituan in dividend, as it reported a second straight quarterly

Micron launches mass output of advanced chip in Japan

TOKYO (Reuters) - Memory chip maker Micron Technology on Wednesday kicked off mass production of its new high-capacity low-power 1-beta dynamic random access memory (DRAM) chips at its plant in

Tencent to distribute $20.3 billion in Meituan shares as Q3 sales drop

By Josh Ye HONG KONG (Reuters) -Tencent Holdings said on Wednesday it would distribute its $20.3 billion stake in food delivery firm Meituan in dividend, as it reported a second straight quarterly

Tencent posts Q3 revenue drop as China’s economic slowdown and crackdown bite

By Josh Ye HONG KONG (Reuters) - Tencent Holdings on Wednesday reported a second straight quarterly revenue drop, as China's economic slowdown and regulatory crackdown hit its ad and gaming businesses

Binance CEO Zhao: significant interest in crypto industry recovery fund

ABU DHABI (Reuters) - Binance chief executive Changpeng Zhao said on Wednesday there was significant interest from industry players in a recovery fund his company plans to launch to help crypto

Amazon’s cloud computing unit plans to invest 2.5 billion euros in Spain, to support 1,300 jobs

MADRID (Reuters) - Amazon's cloud computing unit AWS plans to invest 2.5 billion euros ($2.60 billion) in Spain over the coming 10 years, supporting 1,300 full-time jobs in the country, the U.S.-based

Indonesia’s Indika, Taiwan’s Foxconn mull EV partnership with Thai firm

By Stefanno Sulaiman JAKARTA (Reuters) - Coal miner PT Indika Energy and Taiwan-based Foxconn, which are partnering to make electric vehicles in Indonesia, are considering bringing in a Thai firm as a

Taiwan president decries ‘rumours’ about the island’s chip investment risk

By Ben Blanchard and Sarah Wu TAIPEI (Reuters) -Taiwan President Tsai Ing-wen has decried what she called "rumours" about the risk of investing in the island's semiconductor industry and said the

Britain’s Sage sees more margin growth after 8% rise in profit

LONDON (Reuters) - British software company Sage Group reported an 8% rise in full-year organic operating profit to 383 million pounds ($455 million) on Wednesday, driven by an improvement in its

Special Report-FTX’s Bankman-Fried begged for a rescue even as he revealed huge holes in firm’s books

By Angus Berwick, Anirban Sen, Elizabeth Howcroft and Lawrence Delevingne (Reuters) - As customers withdrew billions of dollars from crypto exchange FTX one frantic Sunday this month, founder Sam

On Camera

YourTurn

File photo of smog in Delhi. Some doctors have called air pollution a bigger threat than Covid-19.| Photo: Suraj Singh Bisht | ThePrint

Air quality is better but not enough to banish air purifiers. Here are options for your room & car

What’s the solution for people who cannot leave Delhi? Air purifiers from Dyson's expensive range to Xiaomi's affordable ones can be of help.

NFRA to conduct audit quality inspections of five audit firms

New Delhi, Nov 16 (PTI) The National Financial Reporting Authority (NFRA) will carry out audit quality inspections of five audit firms, including the...

Defence

The Defence Services Staff College in Wellington | Image credit: dssc.gov.in

In a first, six women officers to enter prestigious Defence Services Staff College

As many as 15 women appeared for the examination, out of which six were selected, including one who has made it to the course along with her husband. 

Why military is more for asserting political will, not just about controlling territory

No matter what tactics, doctrine, or weapon system is used, the objective of any war is to control territory, argues Gen. MM Naravane (retd). But it's politics that matters most.