Vingroup Signs MoU With Telangana to Establish Ecosystem
Vietnam’s largest conglomerate, Vingroup, signed a memorandum of understanding with Telangana’s state government on Tuesday. The Vietnam-based company wants to establish a $3 billion multi-sector ecosystem in the southern Indian state. The multi-sector ecosystem includes urban development, electric mobility, healthcare, education, tourism, and renewable energy across 2,500 hectares (6,177 acres).
Another 10,000 Employees Could Face Layoffs at UBS by 2027
Swiss Bank giant UBS may cut an additional 10,000 jobs globally by 2027, according to reports by Swiss Newspaper SonntagsBlick. The potential layoffs come as part of UBS’s long-term integration plan following its acquisition of rival Credit Suisse in 2023. While UBS has not officially confirmed the number, the bank
Intel Invests $208 Million in Malaysian Semiconductor Hub
Intel CEO Lip-Bu Tan made a significant visit to Malaysia on December 1, meeting with Prime Minister Datuk Seri Anwar Ibrahim and Minister Gobind Singh Deo. The occasion coincided with Intel’s announcement of an additional RM860 million (US$208 million) investment to enhance its assembly and testing operations in the country.
Xpeng to Launch Robotaxis and Humanoids with AI Chips
Chinese electric vehicle manufacturer Xpeng has announced plans to launch robotaxis in 2024, marking a notable shift from its previous stance that questioned the viability of such a business in the near future. During its “AI Day,” Xpeng revealed that it will introduce three autonomous taxi models equipped with four
Union Government & ADB Signed a $125 Million Loan Deal
The Union Government took a loan of $125 million from the Asian Development Bank (ADB) to strengthen the urban services and climate resilience in six district headquarters and Guwahati in Assam. The Financial Ministry said that the Assam Urban Sector Development Project will help around 3.6 lakh locals, offering a
Why the Next Generation of CEOs is Coming From Mid-Tier Cities
In Surat, a city long known for textiles and diamonds, a startup named Raja Rani Coaching has quietly disrupted the fashion education sector. Founded in 2021, this edtech firm, led by CEO, Mohit Gadhiya, shot to prominence after featuring on Shark Tank India and earning a spot on Forbes 30
Trump-backed First Vietnam Project Displaces Thousands
Farmers in Vietnam are being forced to leave their land for a $1.5 billion golf resort linked to Trump, getting only about $12 per square meter. Officials say the compensation is fair, but many villagers worry about losing their homes and jobs. The Trump Organization is not responsible for paying
Nvidia Ordered 300,000 H20 Chips from TSMC Due to High Demand in China
Nvidia ordered 300,000 H20 chipsets from TSMC last week, according to two sources. One source noted that strong Chinese demand prompted the U.S. company to reconsider relying solely on its current stockpile. The Trump administration has recently allowed Nvidia to restart the sale of H20 GPUs to China, reversing an
Emirates Group to Hire 17,300 Professionals in Global Talent Drive
Emirates Group has initiated a global recruitment campaign to hire 17,300 professionals across 350 roles, aiming to increase its workforce by 14% this financial year. This expansion supports Dubai’s Economic Agenda D33 and includes over 2,100 open days and talent events in 150 cities worldwide. Emirates Group is recruiting across
Thailand Recriminalises the Booming Cannabis Industry
The new government of Thailand is moving to recriminalise cannabis, killing an industry which has grown to be worth at least $1 billion, which has boomed ever since the substance was taken off the country’s banned substance and narcotics list. This comes after the party that championed the legalisation of
