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Operation asian news

Joseph Sipalan - KFC closes outlets in Muslim-majority areas of Malaysia as anti-Israel boycott begins to bite - scmp.com - Malaysia - Israel - Palestine -  Cairo

KFC closes outlets in Muslim-majority areas of Malaysia as anti-Israel boycott begins to bite

The ongoing conflict has resulted in nearly 35,000 Palestinian deaths – the majority of them civilians – according to health authorities in the Hamas-controlled enclave, with many of its 2.3 million residents also displaced.

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Joseph Sipalan - Forest City fallout: Malaysia’s Anwar, tycoons urged to ‘walk back threats’ over casino report - scmp.com - Malaysia - Singapore

Forest City fallout: Malaysia’s Anwar, tycoons urged to ‘walk back threats’ over casino report

Gambling is considered taboo across Malaysia’s multicultural society – especially among the ethnic Malay majority, who are predominantly Muslim and legally barred from engaging in any form of betting. Yet Malaysians are also prolific gamblers, with the country’s nationals regularly appearing at gaming tables elsewhere in Asia.

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Bloomberg - Samsung reports chip profits after a year of losses, as AI boom drives fourfold surge in overall income - scmp.com - Usa - South Korea -  Seoul

Samsung reports chip profits after a year of losses, as AI boom drives fourfold surge in overall income

The world’s largest memory chip maker reported net income of 6.62 trillion won (US$4.8 billion) in the March quarter, versus the average analyst projection for 5.63 trillion won. That is more than four times the company’s earnings a year earlier.

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KIM JAEWON - Nikkei staff writer - Samsung's chip unit returned to profit in Q1 on strong AI demand - asia.nikkei.com -  Seoul

Samsung's chip unit returned to profit in Q1 on strong AI demand

SEOUL -- Samsung Electronics' semiconductor unit returned to profit in the first quarter as demand for advanced memory chips critical for artificial intelligence computing soared sharply, recovering from a yearslong downturn.

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Ryan Browne - Tesla jumps 15% after passing key hurdle to roll out advanced driver-assistance tech in China - cnbc.com - China - state California

Tesla jumps 15% after passing key hurdle to roll out advanced driver-assistance tech in China

Shares of Tesla rose sharply on Monday, their best day since March 2021, after the electric carmaker passed a significant milestone to roll out its advanced driver-assistance technology in China.

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Samsung reports a 10-fold increase in profit as AI drives rebound in memory chip markets - apnews.com - South Korea -  Seoul, South Korea

Samsung reports a 10-fold increase in profit as AI drives rebound in memory chip markets

SEOUL, South Korea (AP) — Samsung Electronics on Tuesday reported a 10-fold increase in operating profit for the last quarter as the expansion of artificial intelligence technologies drives a rebound in the markets for computer memory chips.

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Rohan Goswami - Glass Lewis endorses 6 of activist Ancora's nominees for Norfolk Southern board - cnbc.com

Glass Lewis endorses 6 of activist Ancora's nominees for Norfolk Southern board

Activist investor Ancora received a powerful endorsement in its efforts to secure a board change and to oust Norfolk Southern CEO Alan Shaw on Monday, when proxy advisory Glass Lewis recommended the railroad's shareholders vote for 6 of Ancora's board nominees.

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Nicholas Spiro - Falling yen is great for 2 sectors in Japan - scmp.com - Japan - China - Usa - Vietnam

Falling yen is great for 2 sectors in Japan

More tellingly, global sales of fashion and leather goods – LVMH’s biggest division – to Chinese customers in their home market and abroad rose 10 per cent, indicating that spending by Chinese tourists overseas helped offset weak sales at home. A large portion of their spending abroad was in Japan.

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