Asia's video game giants continue acquisition hunt to expand into new formats and markets
Asia's biggest gaming firms — Sony, NetEase and Tencent — are continuing their acquisition and investment sprees as they look to push into new formats.
CNBC Asia
Oil producer group OPEC+ surprises energy markets with a small production cut
Energy analysts had broadly expected the group to stay the course with its production policy.
Nuclear power is key for Japan's energy security and carbon neutrality goals, minister says
Nuclear power could play an important part in helping Japan become self-sufficient, according to Minister of Economy, Trade and Industry Yasutoshi Nishimura.
Huawei spin-off Honor to launch first foldable phone abroad as Chinese firm takes on Apple, Samsung
Honor launched the Honor 70 in Europe on Friday and said it will release its first foldable overseas as it looks to boost its international smartphone sales.
G-7 nations back plan to cap Russian oil prices in a bid to drain the Kremlin’s war chest
The Group of Seven wealthy nations on Friday agreed to implement a price-capping mechanism on Russian oil exports.
China's e-commerce giant Pinduoduo quietly launches U.S. shopping site in Amazon challenge
Pinduoduo launched its U.S. online shopping site Temu as the Chinese e-commerce giant makes its first major push overseas.
'Climate disaster of biblical proportions': Pakistan minister warns flood damage will exceed $10 billion
Already reeling from an economic crisis, flood waters have submerged over one third of the country in water, killing over 1,000 and impacting 33 million people.
China's electric car firms, which rely heavily on Nvidia, are safe from the U.S. chip ban — for now
U.S. restrictions on Nvidia chip sales to China won't affect Chinese electric car companies.
Partnership with traditional retailers is the way to go for online businesses, Lazada CEO says
Alibaba-owned Lazada said that most, if not all offline players, should be partners with it, to serve all the needs of consumers.
Sri Lanka and IMF reach preliminary deal on $2.9 billion loan
"Sri Lanka has been facing an acute crisis. Vulnerabilities have grown owing to inadequate external buffers and an unsustainable public debt dynamic," the IMF said.
Chinese EV stocks tank after Li Auto and Xpeng report plunge in August deliveries; Nio ekes out growth
Nio reported a 6% rise in electric vehicle deliveries in August versus July, while rivals Xpeng and Li Auto saw a fall.
U.S. health officials brace for another fall Covid surge, but with fewer deaths
Health officials say the U.S. is in a much stronger position due to new boosters, antiviral treatments, therapeutics and immunity from previous infections.
India’s 5G battle is set to be a ‘two-horse race,’ says ex-CEO of telco Bharti Airtel
It will be a neck-to-neck race between Reliance and Bharti Airtel, but India's 5G infrastructure is still years from providing "positive customer experience," says Sanjay Kapoor.
Top SoftBank exec and key Son ally steps back from more roles after losses mount at the Japanese giant
SoftBank's investment strategy has come under fire after a string of bad bets and a recent rout in technology stocks has battered the fund's performance.
Toyota pledges up to $5.6 billion for EV battery production, ramps up investment in North Carolina plant
North Carolina facility will manufacture batteries for both plug-in hybrid and battery electric vehicles.
Chinese tech giant NetEase buys Star Wars game maker, marking its first major push into Europe
NetEase and its rival Tencent have been upping their efforts overseas as the Chinese domestic games market slows down amid tighter regulation.
G-20 nations have gathered to talk carbon emissions. The negotiations won't be easy
G-20 ministers are gathering in Indonesia to track their progress in bringing down carbon emissions. Expectations are low.
Sony sets up a PlayStation mobile gaming division in a major push beyond consoles
Sony has dominated console gaming for several years, thanks to the PlayStation. But the company is now looking to diversify into the lucrative mobile market.
Bank of Korea warns of more market volatility ahead as Fed signals more rate hikes
Bank of Korea Governor Rhee Chang-yong says there's a chance of increased volatility following more rate hikes from the Fed, according to a text message from the central bank
Honda and LG Energy Solution to build $4.4 billion EV battery plant in U.S.
The plant will be built and operated by a joint venture between the companies, which is expected to be established this year.
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