Shopify shares plunge 19% on weak guidance
Shopify shares tumbled 19% in early trading Wednesday, shaving almost $20 billion off the company's value, after the company gave revenue and profit guidance for the current quarter that spooked investors.
Digital asian news
EU seeks information from X on content moderation amid first major probe under new tech rules
The European Union is seeking information from social media platform X about cuts to its content moderation resources as part of its first major investigation into the company under its tough new laws governing online content.
Thai cabinet reshuffle puts ruling party 'at risk,' experts say
BANGKOK -- Thai Prime Minister Srettha Thavisin's recent cabinet reshuffle, aimed at smoothing the ruling Pheu Thai Party's flagship policy of digital money handouts, is unlikely to pay off, according to political experts.
Amazon to invest $9bn in Singapore to boost cloud computing
SINGAPORE -- Amazon Web Services on Tuesday said it will invest 12 billion Singapore dollars (around $9 billion) to expand its cloud infrastructure in Singapore, joining rival U.S. tech giants investing in the fast-growing Southeast Asian digital market.
Amazon's AWS to double down on Singapore with additional $9 billion cloud investment
SINGAPORE — Amazon Web Services on Tuesday said it will invest an additional 12 billion Singapore dollars (about $8.87 billion) over the next five years to grow its cloud infrastructure and services in Singapore.
Maersk Says Expanded Houthi Attacks Are Forcing More Delays
Global shipping lines have become increasingly strained as the Houthi militia in Yemen broadens its attacks on cargo vessels, one of the largest companies in the industry warned on Monday.
China's Ant Group doubles down on global expansion with cross-border payments offering Alipay+
Chinese fintech major Ant Group is looking to boost its global presence via its digital offering, Alipay+, as it seeks to connect mobile payment apps around the world.
'Exact same cover letters word for word': Career consultant says Gen Z are misusing AI
Gen Z are digital natives and have quickly adopted AI, using it for everything from assignment research to planning holidays.