Business Reporter

Finance

13 Jun 2025

Banking: the illusion of stability

Forward-thinking financial institutions recognise that stability under stress builds trust and that trust builds long-term value

US says China's Huawei can't make more than 200,000 AI chips in 2025

13 Jun 2025

China’s Huawei Technologies is capable of producing no more than 200,000 advanced artificial intelligence chips in 2025, a top U.S. exports controls official told lawmakers on Thursday, warning that though the number is below the company’s demand, China is quickly catching up to U.S. capabilities.

CoreWeave to offer compute capacity in Google's new cloud deal with OpenAI, sources say

12 Jun 2025

CoreWeave has emerged as a winner in Google’s newly signed partnership with OpenAI, sources familiar with the matter told Reuters, in the latest example of the voracious appetite for computing resources in the artificial-intelligence industry and the formation of new alliances to meet them.

Immediate payments making big strides

12 Jun 2025

The ever-changing landscape of payment options – from cash and cheques to wire transfers and now immediate payments – has evolved each step to keep pace with a snowballing need for faster payments.

Unlock AI power: financial services beyond legacy

09 Jun 2025

Outdated systems hinder financial innovation – but modern cloud platforms that unlock AI’s power are crucial for thriving in a data-driven financial landscape

05 Jun 2025

GlobalFoundries boosts investment plans to $16 billion, with research focus

Chip manufacturer GlobalFoundries said on Wednesday it planned to increase its investment plans to $16 billion, allocating an additional $1 billion to capital spending and $3 billion to research in several emerging chip technologies.

China robotaxis, Indian pharma among hedge fund top picks at Sohn Hong Kong

02 Jun 2025

Hedge funds revealed their top investment ideas, ranging from Chinese self-driving taxis, an Indian drug retailer, to a Korean nuclear plant builder, at the annual Sohn investment conference in Hong Kong.

British digital bank Monzo's annual profit surges, revenue tops $1.35 billion

02 Jun 2025

British digital bank Monzo reported revenue above 1 billion pounds ($1.35 billion) for the first time and a sharp rise in annual pretax profit on Monday, driven by strong growth in personal and business customer numbers.