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Business - APAC BUSINESS HEADLINES

Business

China’s iPhone Sales Capture Top Spot in May 2025

Apple Inc. has reclaimed its position as the leading smartphone brand in China, with iPhone sales capturing the top spot in May 2025, according to data from Counterpoint Research....

Hyundai Exits India’s Ola Electric as Kia Cuts Stake in $80 Million Share Sale

In a notable development in India’s electric vehicle (EV) sector, South Korean automakers Hyundai Motor and Kia Corporation...

Foxconn Eyes $3 Billion Acquisition of Singapore’s UTAC in Semiconductor Expansion

In a significant development within the global semiconductor industry, Taiwan’s Foxconn Technology Group, officially known as Hon Hai...

Google One Hits 150 Million Subscribers AI Revolution Is Here!

Alphabet’s Google One subscription service has recently surpassed 150 million subscribers, marking a significant milestone fueled by the...

Asian Airlines Re-routes and Cancels Flights Amid India-Pakistan Conflict

Several Asian airlines have been forced to reroute or cancel flights due to the escalating conflict between India...

PayPal Sued Over Alleged Exclusion of Asian Americans in Investment Initiative

PayPal Holdings Inc., a leading digital payments company, is facing a lawsuit alleging racial discrimination within its $535 million investment initiative. The program, designed...

Foxconn’s Q4 Revenue Surges Amidst AI Server Demand

Foxconn, officially known as Hon Hai Precision Industry Co. Ltd., has announced a record-breaking revenue for the fourth quarter of 2024, significantly surpassing market...

BYD’s Record Sales Challenge Tesla’s Dominance in the EV Sector

In 2024, Tesla experienced its first annual decline in vehicle deliveries since 2011, signaling a pivotal moment in the electric vehicle (EV) industry. The...

Historic Recovery: $4.3 Billion Returned to Madoff Fraud Victims

The U.S. Department of Justice (DOJ) has announced the final distribution of funds to victims of Bernard Madoff's Ponzi scheme, marking the conclusion of...

Crypto Kingpin Do Kwon Extradited from Montenegro to United States

In a significant development within the cryptocurrency sector, Do Kwon, co-founder of Terraform Labs, has been extradited from Montenegro to the United States. This...

60 Starbucks Stores Close Amid Growing Union Pressure

The ongoing labor disputes between Starbucks and its unionized workforce have escalated, leading to the closure of nearly 60 stores across the United States....