Samsung expects first-quarter profit to soar 931% as memory chip prices rebound
Samsung Electronics on Friday said it expects to post a 931% increase in first quarter operating profit, as chip prices rebound.
Security asian news
Taiwan earthquake, Kobe Bryant’s lookalike in China, Singapore’s 34-year-old grandma: SCMP’s 7 highlights of the week
The Taiwanese government has rebuffed an offer of help extended by Beijing as the island contends with the aftermath of a deadly 7.3 magnitude earthquake that struck on Wednesday morning, killing at least nine people. At least 934 people are reported injured and 56 remain trapped in the quake that struck off the east coast at 7.58am and sparked tsunami warnings.
Southeast Asians are warming to the Quad – but they need to see more tangible benefits
According to a new survey released this week by the Singapore-based ISEAS-Yusof Ishak Institute, an overwhelming number of Southeast Asians expressed confidence in the Quad, which was established decades ago but revived in recent years as a counter to Chinese influence.
US-Philippine military drills along South China Sea risk Beijing’s ire: ‘that’s their problem’
The April 22 to May 8 drills involve some 16,000 soldiers and showcase Manila’s new Comprehensive Archipelagic Defense Concept (CADC), a strategy that aims to defend the country’s exclusive economic zone.
South Korea election issues: Green onions, striking doctors, an alleged sexist jab at a candidate
SEOUL, South Korea (AP) — Soaring prices for green onions and apples. Striking doctors. A politician’s allegedly sexist jab at a female candidate. These are among the issues animating voters in South Korea this year.
Targeting Chinese chips, U.S. to push Dutch on ASML service contracts
President Joe Biden's administration plans to press the Netherlands next week to stop its top chipmaking equipment maker ASML from servicing some tools in China, two people familiar with the matter said, as the U.S. leans on allies in its bid to hobble Beijing's tech sector.
British billionaire Joe Lewis fined $5 million by U.S. judge for insider trading
A U.S. judge ordered British billionaire Joe Lewis on Thursday to pay a $5 million fine and serve three years of probation for sharing illegal stock tips, allowing an investment firm's 87-year-old founder to avoid prison after prosecutors and his attorneys urged leniency.
Ripple to launch U.S. dollar stablecoin, taking on a $150 billion market dominated by Tether, Circle
Crypto startup Ripple is the latest major player to jump into the $150 billion stablecoin market with the launch of a digital currency pegged to the U.S. dollar.