$155M Tax Evasion Charge Shakes Auto Giant KIA
In the latest turn of events, KIA, the third-largest car manufacturing company in the world, is slammed with evading taxes worth $155 million by misclassifying imported components in India. However, the carmaker has denied any wrongdoing. But this is not the only case with KIA. Foreign companies in India have
Tech Innovations in Asia That are Redefining Tomorrow
Asia, home to several of the world’s most dynamic economies, has firmly positioned itself as the hub of global technology innovation. From artificial intelligence to robotics and sustainable tech, the continent is home to several trending innovations that secure the future. The latest tech innovations in Asia provide businesses, especially
Samsung’s Leadership Under Fire as Merger Ruling Nears
The chair of Samsung Electronics, Jay Y. Lee, may be jailed for 5 years for a malicious merger between Samsung C&T and Cheil Industries to cement his control of the corporation. Moreover, the legal risk that Lee faces questions his ability to run the tech giant, grappling with lacklustre stock
BOJ Eyes Inflation-Driven Boom in Financial Services
According to the Bank of Japan (BOJ), the rising inflation and interest rates will likely increase the demand for novel financial solutions. An executive from the bank mentioned that Japan needs to focus on digitalisation of its financial services to cater to the demand of households. According to Reuters, Japanese
India and China Will Resume Their Air Travel Services
In the recent geopolitical and economic changes in Asia, two economic powers, India and China, showed signs of improved relations. Nearly five years later, India and China resumed their air travel service and are working on resolving their differences over trade and economic issues. In a meeting on 27th Jan
What Is Crypto Airdrop, And How Does It Work? Explained
Crypto or cryptocurrency began in 2009, with Bitcoin being the very first cryptocurrency. Over time, it has become a remarkable force in the global financial ecosystem. According to triple-a.io, as of 2024, 562 million people own crypto, which is 6.8% of the global population, proving cryptocurrency’s popularity. Those who are
China’s AI Model Rival’s American Technology Giants
In the latest turn of events, Chinese startup DeepSeek launched its open-source AI model to rival OpenAI, Google and other US tech giants. Moreover, according to the New York Times, the company utilised significantly fewer specialised computer chips to develop the model than its US counterparts. To build DeepSeek R1,
Masayoshi Son’s Playbook for Turning Risk Into Rewards
Not many people in the world know how it feels to be a descendant of an immigrant in a place that is culturally as different as anything can be. Moreover, achieving success in such an environment is even more exemplary. This is how people like to describe Masayoshi Son, exemplary.
Benevolent or Malevolent?: Why Does The IMF Support Financially Weak Asian Nations?
According to IMF financing and debt service relief, the International Monetary Fund extended $244 million to Bangladesh in 2020, $248.27 million to Myanmar in 2021, and even lent to other Asian nations. It further mentioned that the IMF assisted with $2,622.78 million to Asian nations from 2020 to 2021. However,
Homestays in the Himalayas: Women at the Heart of Nepal’s Eco-Tourism Boom
Tourism in Asia has come a long way, especially in the countries that share the Himalayan range. In addition to Bhutan and India, a new wave of tourism has emerged in Nepal, focusing on sustainability, local empowerment, and community development. Women have been working collaboratively with several communities and organisations
