BangkokJack News

A former quality inspector for Spirit AeroSystems claims he found many defects on parts due for shipping.

The Bank of England will decide interest rates later, but is not expected to cut them until the summer.

Baidu's Qu Jing tells workers she does not care for them because, 'I am not your mum'.

The move follows Huawei's release of an AI-enabled computer powered by a chip created by Intel.

The media giants are under pressure to attract more subscribers to their streaming services.

Television production firms admit they are already using AI to come up with new programme ideas.

Train drivers are staging strikes, coinciding with a six-day overtime ban.

EU ambassadors have agreed in principle to use the profits from frozen Russian assets to help Ukraine.

A top barrister admitted that the Post Office should have disclosed certain information to subpostmasters.

James Watt co-founded the Scottish brewery and pub group in Aberdeenshire in 2007.

As the host of the upcoming Future Energy Asia Exhibition and Summit from May 15 to 17, 2024, at Bankok’s Queen Sirikit National Convention Center, Thailand will underscore its firm commitment and pivotal role in advancing an inclusive and sustainable regional energy transition.

BEIJING: China's exports and imports returned to growth in April after contracting in the previous month, customs data showed on Thursday, signalling an encouraging improvement in demand at home and overseas in a boost to a shaky economic recovery.

PORTLAND - Automakers across Europe and Asia are warning of a challenging year as rising costs and waning demand for electric vehicles (EVs) weigh on profits.

The risk of default on credit card loans rose significantly in the first quarter this year, driven by the central bank's mandate for a higher minimum payment rate.

Microsoft's announcement last week of its first investment in a data centre region in Thailand is expected to enhance the country's digital ecosystem and could fuel competition in the data centre sector.

The Federation of Thai Capital Market Organizations (Fetco) is preparing to propose to the Finance Ministry reviving long-term equity funds (LTFs) and adjusting the investment conditions for Thailand ESG funds to attract more investment into the local bourse.

The Department of Trade Negotiations is pushing for free trade agreement (FTA) negotiations with trading partners to expand trade and investment opportunities as well as strengthen the economy.

Thai Union Group Plc reported a net profit of 1.2 billion baht in the first quarter of 2024, a 53.9% increase from the corresponding period last year.

Thailand's economic outlook for this year appears less optimistic as GDP growth could tally 2.2%, down from the previous projection of 2.8-3.3%, attributed to sluggish exports weighing on the manufacturing sector, according to the Joint Standing Committee on Commerce, Industry and Banking (JSCCIB).

Singapore-based United Overseas Bank (UOB) is preparing to downgrade Thailand's GDP growth forecast this year to 2.4% from 2.8%, though it expects the Bank of Thailand to trim interest rates twice to 2% by year-end to prop up the economy.

MANULIFE Financial posted first-quarter profit that beat analysts’ estimates, boosted by continued strength in its Asia operations and wealth-management business.

HONG Kong is turning to oil-rich Saudi Arabia for new funds to help offset a growing list of challenges facing its stock market.

AMC Entertainment Holdings, the largest movie-theatre chain, reported a first-quarter loss, the result of a thinner slate of releases from Hollywood studios after last year’s strikes by writers and actors.

AN AD for the new iPad Pro caused an uproar on Wednesday for showing an industrial-sized hydraulic press crushing objects linked to human creativity - such as a record player and trumpet -- into a sleek tablet.

TRADING app Robinhood Markets beat estimates for first-quarter profit thanks to strong trading volumes and rate hikes that boosted its net interest revenue and sent shares up about 6 per cent after the bell on Wednesday.

OIL prices edged higher on Wednesday after data showed US crude stockpiles fell last week as refiners slowly ramped up output ahead of the summer driving season, while a stronger dollar capped gains.

EUROPE’S main index ended on Wednesday at a record high as investors cheered strong earnings from the likes of beer maker Anheuser-Busch Inbev and Germany’s Siemens Energy, while mulling the possible timeline of major central bank rate cuts.

WALL Street stocks moved in opposite directions on Wednesday, digesting another round of mixed earnings in a quarter that has seen solid but unspectacular corporate results.

THE S$100 million share buyback programme announced by Seatrium on Apr 29 was interpreted positively by many investors – and for good reason.

INSURER Prudential has shut down its Hong Kong wealth management business Pulse Wealth, the company said in a statement to Reuters on Wednesday (May 8), as part of a wider push to streamline its business.

FOX Corp beat Wall Street estimates for third-quarter profit on Wednesday (May 8), due to lower expenses, even as its revenue tumbled more than 15 per cent on weakness in its advertising business.

GOOGLE Deepmind has unveiled the third major version of its “AlphaFold” artificial intelligence model, designed to help scientists design drugs and target disease more effectively.

SINGAPORE needs to be realistic about the global trends affecting the city-state’s equities market, and the actions that can be taken to change them, said Deputy Prime Minister Lawrence Wong on Wednesday (May 8).

LIPTON Teas & Infusions BV’s move to sell the last of its tea plantations is a strategic shift by the world’s biggest buyer of the commodity to quit growing the leaf and fully rely on other producers.

JPMORGAN Chase and Nomura Holdings are limiting dealings with Simon Sadler’s Segantii Capital Management, the Asian hedge fund giant charged with insider trading by authorities in Hong Kong, according to people familiar with the matter.

City officials worked to make Milan attractive to visitors, but now that some neighborhoods are overwhelmed by rowdy crowds and noise, they’re trying to scale back.

CBS and other well-known properties would be sold if Sony and Apollo were able to buy Paramount. But the new owners would keep the movie studio.

An ad meant to show how the updated device can do many things has become a metaphor for a community’s fears of the technology industry.

The offering from Disney and Warner Bros. Discovery shows how rival companies are willing to work together to navigate an uncertain entertainment landscape.

The gasoline-powered Malibu was the last sedan sold by Chevrolet, the General Motors brand, in the United States.

The company has racked up bills after long-running legal fights with regulators and cabdrivers.

Bankruptcy lawyers for FTX said customers of the cryptocurrency exchange were set to get all their money back, plus interest.

The shot is no longer being manufactured or supplied, and it is no longer authorized for use in Europe.

The president has proposed new barriers to Chinese electric vehicles, steel and other goods in an attempt to protect his manufacturing agenda.

The hedge fund is accused of borrowing money from banks to buy stocks.

The new financial product underscores the flurry of collaborations and accords between Hong Kong and Riyadh since the February 2023 visit by Chief Executive John Lee Ka-chiu to the kingdom.

Hangzhou’s move marks the most aggressive measure to revive the local housing market, following an apparent green light from the nation’s top leadership last month.

Hong Kong-based private equity firm and BP Ventures to invest US$10 million each in the latest funding round, helping Hysata to scale up its green hydrogen facilities in New South Wales.

Hong Kong stocks rise driven by economic optimism after policy loosening measures announced by nearly 60 Chinese cities targeted the floundering property market and following upbeat trade data.

Hong Kong-based financial service platform Gome Finance Technology marks diversification by acquiring Chinese game developer and publisher CashBox Group Technology which will help treble its revenues.

China’s strengthened push to use RISC-V, an open-source chip-design architecture, is facing new risks amid scrutiny by the US and Google’s move to stop supporting it on Android.

Lingxi Games has discontinued its Ant Engine project, as parent Alibaba pares down investment in its non-core businesses.

The removal of property curbs, a stock market rebound and growing opportunities in the Greater Bay Area are attracting an increasing number of family offices to Hong Kong, according to industry players.

With China’s ties to Russia under stronger scrutiny from the West, banks are keeping a closer eye on transactions with links to Moscow – and China’s exporters are concerned their bottom line will suffer.

Further restrictions on access to Intel and Qualcomm chips would pose challenges to Huawei’s PC business, which has been gaining ground in the China market.

Washington has already held up one bomb shipment over ongoing disagreements with Benjamin Netanyahu

Lacklustre outlook raises concerns that spending on artificial intelligence chips could slow

Marjorie Taylor Greene booed as she fails in campaign that has consumed Republicans in Congress

Home rental platform’s revenue growth forecast of 8%-10% in the second quarter is below recent trend

Three pledges in the ‘New Deal for Working People’ have been weakened since first proposed

Move by representative for Dover also triggers furious questions from opposition party members for Keir Starmer

UK court rules South African government does not owe compensation for recovery of $43mn worth of silver bars

Parliament adopts law giving eligible convicts a path to freedom in return for fighting against Russia

Belgium’s central securities depository Euroclear expected to start transferring money to bloc in July

Ashley Alder says ‘no decision made’ after City minister defends right of government to question watchdog’s actions

Move risks ‘retaliation’ against international brands in the country, German carmaker’s brand chief tells FT car summit

AlphaFold 3 aims to reveal biological secrets and boost drug search efforts

US to assess whether Netanyahu’s government is breaching international law by restricting supplies

Anglo-Swedish drugmaker says availability of newer vaccines hit demand for jab

Investment by private equity firm values Danish group Hempel at more than $3.6bn

Having given up on removing the prime minister, their mission now is to make him the fall guy

Rival Brick Lane bakeries attracted queues for decades

For Biden, Israel’s war on Hamas is a serious drain

£1bn injection would end uncertainty over whether railway line will reach its planned central London terminus at Euston