Pharma giant AstraZeneca says its China chief is under investigation
BEIJING – The head of multinational pharmaceutical giant AstraZeneca’s China arm is under investigation in the country, the firm said.
Mr Leon Wang, president of AstraZeneca…
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AI chip giant Nvidia crushes expectations as profits soar
SAN FRANCISCO – US chip giant Nvidia, whose products play a crucial role in artificial intelligence systems, crushed expectations on Wednesday, as the AI frenzy continues to lift…
US aims to turn Taiwan into giant weapons depot
WASHINGTON – American officials are intensifying efforts to build a giant stockpile of weapons in Taiwan after studying recent naval and air force exercises by the Chinese…
China fines food delivery giant Meituan $715m for monopolistic behaviour
BEIJING – China’s market regulator on Friday (Oct 8) fined delivery giant Meituan 3.4 billion yuan (S$715 million) for monopolistic practices and ordered it to take “comprehensive…
Insurance giant Allianz under investigation in Germany over investment funds
FRANKFURT – German regulators have launched an investigation into the country’s biggest financial company, Allianz, after the demise of some of its US investment funds last year, people…
Gojek co-CEO to head app giant after merger with Tokopedia
JAKARTA – Gojek co-chief executive officer Andre Soelistyo is set to head the Indonesian app giant to be created when the transport and delivery provider merges with e-commerce company PT…
Samsung boosts dividends as Lee family faces giant tax bill
SEOUL – Samsung Electronics on Thursday (Jan 28) announced plans for a huge one-off dividend payment for shareholders with its controlling family facing a multi-billion-dollar inheritance…
EU trade deal brings little progress for Britain’s giant financial sector
LONDON – The European Union cannot decide yet on granting Britain access to the bloc’s financial market, even though London and Brussels have agreed a trade deal, a European Commission…
Johnson & Johnson begins giant trial testing of single dose Covid-19 vaccine
WASHINGTON – Johnson & Johnson has begun dosing up to 60,000 volunteers in a study of its Covid-19 vaccine, marking the first big US trial of an inoculation that may work after just one…
Tencent in talks to create US$10 billion e-gaming giant
BEIJING – Tencent Holdings is driving discussions to merge China’s biggest game-streaming platforms Huya Inc and DouYu International Holdings, people familiar with the matter said, in a…