Hakimo Raises $12 Million to Expand AI Security Platform
Hakimo, an AI-powered physical security startup, has raised $12 million in a new funding round led by existing investor Zigg Capital. Other investors in the round include Neotribe Ventures, Vertex Ventures SE Asia & India, Defy.vc, and Rocketship.vc. With this latest investment, the company’s total funding has now reached $32
Rupee Set to Jump as Oil Sinks on Iran-US Talks
The Indian Rupee is set to jump as global crude oil prices sink on rising hopes of a breakthrough in Iran-US diplomatic talks. The rupee is expected to open in the 95.25-95.30 range against the dollar, according to traders, after settling at 95.76 on Thursday. This significant recovery in the
Bangladesh’s Bank Launches Major Economic Stimulus Plan
The central bank of Bangladesh has released a stimulus plan worth $4.9 billion with the intention of stimulating growth in the country’s economy amid slowing activities and increasing pressure in the economic sector. Some of the strategies outlined in the plan include ways to improve lending, industries and liquidity, among
What Are the Must-Have Qualities of a Good Leader?
Authority and responsibility must go hand in hand. It applies to every role, especially in the professional world. A senior manager or leader should know that their job is not just to give orders and instructions but also to coordinate and address issues or problems that occur in the organisation.
Japan Issues Warning About Market Uncertainty, Which Affects Interest Rates
Japan’s finance minister has highlighted the growing influence of cross-market volatility on interest rates, noting that financial turbulence across global markets creates greater and faster impacts on borrowing costs. Finance Minister Satsuki Katayama demonstrated to parliament that current financial market activity shows how a single market movement now affects all
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
