Asian stocks wobbly on Thursday: Nikkei down 1%, Hang Seng flat
Asian stock markets traded mostly lower on Thursday, taking mixed cues from Wall Street amid persistent uncertainty over interest rates. The sentiment was influenced by US jobs data, which provided a mixed picture of the labour market, and Federal Reserve
Biden set to tighten Nvidia AI chip exports to maintain US AI dominance
The Biden administration is preparing a final round of export restrictions on advanced artificial intelligence (AI) chips, marking a last-minute effort to limit China and Russia’s access to cutting-edge technologies, as per a Bloomberg report. The proposed measures aim to consolidate
Apple Pay down: users report Apple Cash issues disrupting payments across platforms
Apple Pay users faced a frustrating disruption on Wednesday afternoon as the payment service, particularly Apple Cash, experienced widespread outages. Reports of the issue began surfacing around 1 p.m. EST, leaving many users scrambling to find alternative payment methods. The
Alcohol warning regulations hit struggling restaurants hard: here’s what you need to know
For decades, alcohol sales have provided restaurants with high-margin income, often accounting for up to 30% of total revenue in fine dining. Unlike perishable food items, alcohol offers a longer shelf life and lower labor costs, making it a financial
A tricky start to 2025
It’s fair to say that, as far as US stock indices were concerned, last year ended on a whimper rather than a bang. Yet overall it was a fine performance for the US majors, which saw the broad-based S&P 500