SEOUL: For years, legal troubles have cast a cloud over Samsung Electronics vice-chairman Jay Y Lee as he stood on the cusp of stepping out of his father’s shadow and making a name for himself as the leader of the global tech giant. On Monday, he faces sentencing on a bribery charge that could sideline him […]

SEOUL: A South Korean startup has developed an AI-powered dog collar that can detect five emotions in canines by monitoring their barks using voice recognition technology. The Petpuls collar can tell pet owners through a smartphone application if their dogs are happy, relaxed, anxious, angry or sad. It also tracks dogs’ physical activity and rest. […]

TOKYO: A former Nissan chief operating officer outlined in a Japanese court Tuesday (Jan 12) the pains company officials took to hide star executive Carlos Ghosn’s pay, and how they had worried about his quitting for a rival. “Carlos Ghosn is a world-class business leader and CEO,” said Toshiyuki Shiga, testifying at the trial of […]

NEW YORK: The New York Stock Exchange said on Monday (Jan 4) it no longer intends to delist three Chinese telecom giants that have been targeted by US President Donald Trump’s outgoing administration, in a shock reversal of an announcement made only last week. The exchange said in a statement it had made the decision “in light of […]

BEIJING: Activity in China’s factory sector rose in December as the world’s second-largest economy sustained its recovery to pre-pandemic levels, a business survey showed on Monday (Jan 4), however, increasing cost pressures slowed the pace of expansion. The Caixin/Markit Manufacturing Purchasing Managers’ Index (PMI) fell to 53.0 from November’s 54.9, with the gauge staying well […]

HANOI: Vietnam’s economic growth slowed this year to its weakest in at least three decades, buffeted by the COVID-19 pandemic, natural disasters and a sluggish global economy, government data showed on Sunday (Dec 27). The economy expanded 2.91 per cent this year after having posted gross domestic product growth above 7 per cent for two […]

TAIPEI: As the world’s economies reel from the COVID-19 pandemic, Taiwan is on track to end the year clocking up enviable growth – a testament to the island’s success in halting the deadly disease. Throughout much of the year, shoppers have thronged stores, restaurants have stayed busy, tourist attractions have remained open and factories have […]

TOKYO: Japan’s cabinet approved on Monday (Dec 21) a record US$1.03 trillion budget draft for the next fiscal year starting in April 2021, the Ministry of Finance said, as the coronavirus and stimulus spending puts pressure on already dire public finances. The 106.6 trillion yen (US$1.03 trillion) annual budget marked a 4 per cent rise from this […]