Former Hong Kong media mogul Jimmy Lai was sentenced to 20 years in prison. It’s the heaviest penalty ever meted out under a Beijing-imposed national security law. Minmin Low explains. (Source: Bloomberg)
Former Hong Kong media mogul Jimmy Lai was sentenced to 20 years in prison. It’s the heaviest penalty ever meted out under a Beijing-imposed national security law. Minmin Low explains. (Source: Bloomberg)
South Korea is tightening Korean-language screening for incoming migrant workers under its Employment Permit System, placing greater emphasis on speaking skills amid concerns that language barriers can contribute to worksite accidents and hinder communication at factories, farms and construction sites that increasingly rely on foreign labour. The Human Resources Development Service of Korea, a pub...
South Korea is tightening Korean-language screening for incoming migrant workers under its Employment Permit System, placing greater emphasis on speaking skills amid concerns that language barriers can contribute to worksite accidents and hinder communication at factories, farms and construction sites that increasingly rely on foreign labour. The Human Resources Development Service of Korea, a public agency under the Ministry of Employment and Labour, announced on Monday that it would revise the interview and skill test used in the points-based selection process for E-9 visa workers. The changes follow the agency’s recent study of employers’ views on the Korean-language proficiency of their E-9 workers. Advertisement The survey found that nearly half of employers were dissatisfied with the Korean language abilities of their workers, citing particular difficulties in their ability to understand work instructions (48.9 per cent) and safety rules (37.6 per cent). Growing concern over industrial accidents involving foreign workers is driving the shift. Advertisement Although they make up only about 3.4 per cent of the workforce, foreign workers accounted for 9.2 per cent of fatal industrial accidents in 2022, 10.4 per cent in 2023 and 11.8 per cent in the first half of 2024 – a pattern that prompted the National Human Rights Commission of Korea to call for corrective action last year.
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More on Cleveland-Cliffs Cleveland-Cliffs: Buy This Overreaction Cleveland-Cliffs: Cautious Optimism With High Risk (Rating Upgrade) Cleveland-Cliffs reports mixed Q4 results; initiates FY26 outlook Cleveland-Cliffs Q4 2025 Earnings Preview Seeking Alpha’s Quant Rating on Cleveland-Cliffs
Investing.com -- Alibaba’s AI chatbot Qwen has temporarily suspended issuing shopping coupons after being overwhelmed by a surge in demand, disrupting a fresh push to position the tool as more than just a question-and-answer assistant. U.S.-listed shares of Alibaba (NYSE:BABA) fell about 1% in premarket trading. The chatbot started distributing coupons on Friday that enable users to complete purch...
Investing.com -- Alibaba’s AI chatbot Qwen has temporarily suspended issuing shopping coupons after being overwhelmed by a surge in demand, disrupting a fresh push to position the tool as more than just a question-and-answer assistant. U.S.-listed shares of Alibaba (NYSE:BABA) fell about 1% in premarket trading. The chatbot started distributing coupons on Friday that enable users to complete purchases within Alibaba-owned retail platforms directly through chatbot prompts. The campaign marks the opening stage of a 3 billion yuan ($433 million) effort aimed at boosting user engagement during China’s Spring Festival holiday. However, the company’s so-called Agentic AI rollout has encountered technical setbacks since the coupon campaign began. Alibaba said 10 million orders were submitted within the first nine hours. As traffic intensified over the weekend, Qwen posted on its official Weibo account on Sunday that the system was struggling to cope and urged users to ease activity. "Everyone’s enthusiasm for experiencing AI shopping is too high! Currently there are too many participants in ’Qwen free order’, we are working tirelessly to maintain the campaign’s experience," the chatbot reportedly responded to one purchase request on Monday, according to Reuters. It added that customers would still be able to use their coupons, which remain valid through February 28. In recent weeks, Alibaba has been working to transform Qwen into a unified interface where users can access its broader ecosystem of apps and finalize transactions without leaving the chatbot, similar to how Google embeds its Gemini assistant into services such as Maps. Related articles Alibaba’s Qwen pauses AI shopping coupons after 10 mln orders flood system Gold may hit $5,000/oz in 1H'26 - HSBC This sector is 'poised for a big, beautiful year': Truist
Oppenheimer & Co. Inc. cut its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 1.6% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 318,471 shares of the company's stock after selling 5,298 shares during the quarter. Palantir Technologies comprises 0.7% of Oppenheimer & Co. I...
Oppenheimer & Co. Inc. cut its position in shares of Palantir Technologies Inc. (NASDAQ:PLTR - Free Report) by 1.6% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 318,471 shares of the company's stock after selling 5,298 shares during the quarter. Palantir Technologies comprises 0.7% of Oppenheimer & Co. Inc.'s investment portfolio, making the stock its 18th biggest holding. Oppenheimer & Co. Inc.'s holdings in Palantir Technologies were worth $58,095,000 at the end of the most recent reporting period. Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Revolve Wealth Partners LLC bought a new stake in shares of Palantir Technologies during the 4th quarter valued at $450,000. Bison Wealth LLC lifted its position in Palantir Technologies by 37.4% during the 4th quarter. Bison Wealth LLC now owns 17,130 shares of the company's stock valued at $1,296,000 after acquiring an additional 4,667 shares during the period. Capstone Wealth Management Group LLC boosted its stake in Palantir Technologies by 38.0% during the first quarter. Capstone Wealth Management Group LLC now owns 17,147 shares of the company's stock worth $1,447,000 after acquiring an additional 4,722 shares in the last quarter. Robertson Stephens Wealth Management LLC bought a new stake in Palantir Technologies during the second quarter worth about $260,000. Finally, Eastern Bank grew its holdings in Palantir Technologies by 11.2% in the second quarter. Eastern Bank now owns 3,344 shares of the company's stock worth $456,000 after purchasing an additional 338 shares during the period. 45.65% of the stock is owned by hedge funds and other institutional investors. Get Palantir Technologies alerts: Sign Up Insider Activity In other Palantir Technologies news, insider Shyam Sankar sold 19,004 shares of Palantir Technologies stock in a transaction that...
Uber Technologies Inc. has agreed to buy Turkish company Getir’s delivery operations from its controlling shareholder Mubalada Investment Co. in a deal that will bolster the US company’s position in the Middle East. The deal spans Getir’s entire delivery portfolio, including food, grocery, retail and water, Uber said in a statement on Monday. Terms of the deal were not disclosed. The tie-up could ...
Uber Technologies Inc. has agreed to buy Turkish company Getir’s delivery operations from its controlling shareholder Mubalada Investment Co. in a deal that will bolster the US company’s position in the Middle East. The deal spans Getir’s entire delivery portfolio, including food, grocery, retail and water, Uber said in a statement on Monday. Terms of the deal were not disclosed. The tie-up could value Getir’s assets at as much as $1 billion, Bloomberg News reported earlier . The deal solidifies Uber’s ambitions to expand in a populous country with a growing middle class. Uber agreed to buy a $700 million stake in another Turkish delivery app, Trendyol Go, last May. It’s snapping up Getir relatively cheaply — the delivery and commerce business was once valued at $11.8 billion at its peak, but withdrew from international markets last year after investor pressure to cut costs. It was later valued at $2.5 billion. Read More: Delivery Firm Getir, Once Valued at $12 Billion, Weighs Sales and Market Exits Uber will make Getir’s offerings available through the Trendyol Go app, according to Monday’s statement. “With a thriving digital economy and a dynamic consumer base, Uber is committed to investing in Türkiye for the long term,” said Uber Chief Executive Officer Dara Khosrowshahi in the statement. Mubadala is also considering selling off Getir’s finance business separately, Bloomberg previously reported. The Abu Dhabi sovereign wealth fund took control of Getir’s business after relations soured with the founders. It sold Getir Arac, a car-rental division, to rival hire firm TikTak in October. Turkey “remains a highly attractive market for Mubadala,” said Mubadala deputy group CEO Waleed Al Mokarrab Al Muhairi. Getir was founded in Istanbul in 2015, born out of co-founder Nazim Salur’s conviction that consumers wanted groceries delivered in 10 minutes or less, and his earlier experiences running local Uber clone BiTaksi. Customers could order convenience store goods via a...
The three gauges all rebounded on Friday, with the Dow topping 50,000 for the first time ever. Dip-buying in tech snowballed into a full-blown surge for the market after the University of Michigan's preliminary consumer sentiment index topped expectations, signaling that the economy remains robust. The moves early Monday suggest that the bounce could be short-lived ahead of a slew of economic data...
The three gauges all rebounded on Friday, with the Dow topping 50,000 for the first time ever. Dip-buying in tech snowballed into a full-blown surge for the market after the University of Michigan's preliminary consumer sentiment index topped expectations, signaling that the economy remains robust. The moves early Monday suggest that the bounce could be short-lived ahead of a slew of economic data releases that were delayed by last month’s mini-shutdown.
Jakarta, Pintu News – Shares of Nvidia (NASDAQ: NVDA) surged 5% when the market opened on Friday, February 6, erasing some of their earlier losses as the Nasdaq index stabilized after a sell-off triggered by the technology sector. This increase comes just 24 hours after Goldman Sachs reiterated its ‘Buy’ recommendation for the chipmaker, maintaining its price target for Nvidia shares at $250. The ...
Jakarta, Pintu News – Shares of Nvidia (NASDAQ: NVDA) surged 5% when the market opened on Friday, February 6, erasing some of their earlier losses as the Nasdaq index stabilized after a sell-off triggered by the technology sector. This increase comes just 24 hours after Goldman Sachs reiterated its ‘Buy’ recommendation for the chipmaker, maintaining its price target for Nvidia shares at $250. The target reflects a potential upside of almost 50% from Thursday’s closing price of $171.88. Analyst James Schneider stated that the bank expects Nvidia to post a positive quarterly performance thanks to favorable supply and demand trends. Schneider also highlighted several potential growth catalysts in the first half of 2026, including promising capital expenditure plans from hyperscalers that are projected to continue into 2027. Is Nvidia Stock Worth Buying? Goldman also highlighted the strong performance of new large language models (LLMs) trained using Nvidia’s Blackwell architecture, reaffirming the company’s technology leadership position. Read also: Ahead of Earnings Report, Is Google Stock Still Worth Buying? At the same time, Nvidia and Deutsche Telekom AG have launched a €1 billion ($1.2 billion) data center in Munich, an important milestone for Nvidia’s expansion in Europe that could potentially be an additional positive catalyst. However, today’s stock rally could be fragile. With AI investments on the rise (hyperscalers are expected to pour over $600 billion into infrastructure this year), Nvidia stock could face additional pressure if market sentiment turns against such massive spending. For example, Amazon added to market concerns after telling Reuters on February 5 that its capital expenditure could reach $200 billion, more than 50% above last year’s level. The statement triggered a 10% correction in the e-commerce giant’s shares in pre-market trading. However, Simon Lin, chairman of Wistron, an Nvidia supplier, told the same media that the sector is not a bub...
"Being selected as the Nexus Technical Operator alongside NETS is a significant honour for Malaysia. It reflects the trust in our domestic capabilities and our growing track record in enabling cross-border payments. Through DuitNow and our regional interoperability efforts, we’ve shown what’s possible and now we’re ready to scale that impact globally through Nexus. We’re proud to be part of this n...
"Being selected as the Nexus Technical Operator alongside NETS is a significant honour for Malaysia. It reflects the trust in our domestic capabilities and our growing track record in enabling cross-border payments. Through DuitNow and our regional interoperability efforts, we’ve shown what’s possible and now we’re ready to scale that impact globally through Nexus. We’re proud to be part of this next chapter in building a more connected, inclusive, and seamless global payment ecosystem." "Our partnership with PayNet and NETS is a major milestone towards our vision for an interoperable global payments network. With our chosen partners’ proven expertise and commitment to innovation, we are confident that Nexus will be resilient, aligned with international standards from day one, and ready for future global scale. Nexus is shaping a future where cross-border payments are instant, accessible, and seamlessly connected." The newly appointed NTO will work closely with leading global firms Amazon Web Services (NASDAQ ‘AMZN’) and Endava (NYSE ‘DAVA’) to deliver the technical design and development of the Nexus platform. Amazon Web Services is a global cloud technology leader that has made cloud computing and generative AI accessible to organisations of every size and industry whilst Endava leads the end-to-end design and engineering, applying its AI-native approach and deep industry expertise to build a resilient, future-ready solution. This global delivery capability and collaboration ensures that Nexus is built to meet international standards, scalable from inception and reflects best practices drawn from a wide range of payment system environments. The NTO will be responsible for building, operating, and maintaining the Nexus infrastructure, ensuring compliance with global standards, and delivering robust cybersecurity and operational resilience. It will also coordinate the onboarding of entities that are responsible for managing domestic instant payment schemes that will...
Novo Nordisk shares surged at the European market Open, reversing some of last week’s plunge, after Hims & Hers Health pulled a copycat version of the new Wegovy weight-loss pill. The Danish pharma giant's stock rose as much as 8.6% in early Copenhagen trading, clocking its biggest gain so far this year. Hims & Hers said it would stop offering the treatment in a post on X Saturday, a day after the...
Novo Nordisk shares surged at the European market Open, reversing some of last week’s plunge, after Hims & Hers Health pulled a copycat version of the new Wegovy weight-loss pill. The Danish pharma giant's stock rose as much as 8.6% in early Copenhagen trading, clocking its biggest gain so far this year. Hims & Hers said it would stop offering the treatment in a post on X Saturday, a day after the US Food and Drug Administration pledged to crack down on copycat weight-loss drugs. Elsewhere, sterling fell against the euro to its lowest level since January 22 as the UK political crisis deepened after Starmer’s chief of staff quit on Sunday. The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards, Guy Johnson and Tom Mackenzie. (Source: Bloomberg)