Citi CEO says 2 AI races are shaping future of banking
Jane Fraser says first race is to use technology to drive revenue growth; second one is to make sure the financial ecosystem is secure
· Peggy Sito
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Business & Economy
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Newest first · UTC+11:00Why is a Chinese-made portable AC selling out across heat-stricken Europe?
Popularity of Midea’s PortaSplit fuels resale mark-ups and expedited shipping as renters favour plug-and-play cooling amid installation barriers
· Mia Nurmamat
Why is a Chinese-made portable AC selling out across heat-stricken Europe?
Popularity of Midea’s PortaSplit fuels resale mark-ups and expedited shipping as renters favour plug-and-play cooling amid installation barriers
· Mia Nurmamat
Saudi Arabia's non-oil business activity hits highest in four months despite export slump | The National
Saudi Arabia's non-oil private sector reported strong growth in business activity in June, hitting the highest level in four months driven by domestic demand, despite a slump in export sales.
· Aarti Nagraj
Architect-designed Sydney home fetches $12m, defying weak auction market
A mid-century modern Hunters Hill home designed by renowned architect Nino Sydney sold for $12 million in a fast auction on Saturday.
· Elizabeth Redman
Hong Kong must brace for AI bubble risk and quantum computer threat: HKMA chief
Eddie Yue urges city’s banks to safeguard against stock market correction coinciding with geopolitical events triggering inflation anxieties
· Lo Hoi-ying
Hong Kong must brace for AI bubble risk and quantum computer threat: HKMA chief
Eddie Yue urges city’s banks to safeguard against stock market correction coinciding with geopolitical events triggering inflation anxieties
· Lo Hoi-ying
Chinese foreign minister calls on Sweden to help rebuild trust between the countries
Wang Yi is visiting the Nordic countries amid a growing debate in the EU about how to respond to Beijing’s trade practices
· Laura Zhou
Chinese foreign minister calls on Sweden to help rebuild trust between the countries
Wang Yi is visiting the Nordic countries amid a growing debate in the EU about how to respond to Beijing’s trade practices
· Laura Zhou
What to know about Korea's near-24-hour won market
Longer trading hours aim to boost foreign access, reduce reliance on offshore pricing, but questions remain over overnight liquidity
· Choi Ji-won
Why has China lowered its own ranking in global financial competitiveness?
A Beijing think tank dropped China’s world ranking to fifth place, behind the US, Japan, UK and Germany following stock market volatility
· Zhu Wenqian
Why has China lowered its own ranking in global financial competitiveness?
A Beijing think tank dropped China’s world ranking to fifth place, behind the US, Japan, UK and Germany following stock market volatility
· Zhu Wenqian
Gulf buyers eye ‘The Bay’, London's Hyde Park doorstep taking next leap in regeneration | The National
The £3 billion ($4 billion) transformation of Queensway, the high street rubbing up against Hyde Park in central London, has moved to the next chapter with the launch of a new residential development.
· Paul Carey
Money & Me - $1,000 to six-figure income: Dubai entrepreneur on discipline of building wealth | The National
Nadine Mezher, 45, credits her parents for the financial philosophy that guides her investment and business decisions. The Lebanese national is co-founder and chief marketing officer of the financial platform Sarwa and recently started a fashion brand, Nawa.
· Dona Cheriyan
NPS trims Samsung, adds SK hynix in rebalancing
The National Pension Service resumed rebalancing its domestic equity portfolio this month, but the pace of selling during the first three trading days was slower than investors had feared, suggesting the market impact may be less severe than expected.
· Choi Yeon-jae
UAE dirham-backed stablecoin DDSC now more accessible for retail transactions | The National
Consumers in the UAE now have easier access to use a UAE dirham-backed digital currency for everyday transactions.
· Aarti Nagraj
Trump traded Coupang repeatedly amid US-Korea tensions
Filings show Trump made 18 Coupang stock transactions while US lawmakers pressed Korea over alleged unfair treatment
· Kan Hyeong-woo
LG Chem expands chip materials business with Amkor deal
LG Chem said Sunday it will begin mass supplying semiconductor strippers to Amkor Technology, a leading US-based outsourced semiconductor assembly and test company.
· Jeon Ji-woo
Top 5 News This Week: Iglesia ni Cristo, Rodante Marcoleta, Sara Duterte
author JC Gotinga @JCGotinga JC Gotinga is Rappler’s senior multimedia producer. His current obsession is experimenting on how to do journalism on TikTok. More from JC Gotinga
· jcgotinga0208
N. Korean hackers use fake coding tools to steal company secrets: report
Since 2017, I have covered South Korea’s political and economic landscape as a reporter, with a focus on foreign affairs, inter-Korean relations and security.As a foreign affairs reporter, I closely follow developments from the Ministry of Unification, the Foreign Ministry and the Defense Ministry, tracking shifts i…
· Jung Min-kyung
Hana's SMART ambassadors to pitch future finance ideas
Hana Financial Group said Sunday it launched the 20th class of its SMART student ambassador program, with 50 university students beginning two months of activities following an inauguration ceremony held Thursday at the group's headquarters in Myeong-dong, Seoul.
· Jeon Ji-woo
KOSPI volatility interruptions hit record high in H1
SEOUL, July 5 (Yonhap) -- South Korea's bourse operator triggered a record number of Volatility Interruption (VI) measures on the benchmark KOSPI market in the first half of this year as the market swung sharply amid a strong rally, data showed Sunday.
· Kim Eun-jung
'Do I need to give notice or pay a penalty if I leave during my probation in the UAE?' | The National
Question: I started my job in March but want to leave. I have a probation period of six months. Do I need to give notice in my probation period? Is there a penalty to pay? What about visa costs? Will I get a ban, as I will want to come back after the summer? AA, Dubai
· Keren Bobker
Korea's yearly working hours fall by 32 in 2025, still above OECD average
The average annual working hours for South Koreans fell by 32 hours last year from the previous year but still remain nearly 100 hours longer than the average for the Organization for Economic Cooperation and Development as a whole, data showed Sunday.
· Yonhap
S. Korea's yearly working hours fall by 32 hours last year but remain longer than OECD average
SEOUL, July 5 (Yonhap) -- The average annual working hours for South Koreans fell by 32 hours last year from the previous year but still remain nearly 100 hours longer than the average for the Organization for Economic Cooperation and Development (OECD) as a whole, data showed Sunday.
· Kim Soo-yeon
Malaysia's durian boom sours as prices plunge
Visitors browse discounted durians at Putrajaya Durian Fest, just south of Kuala Lumpur, on June 26. (Photo by Norman Goh)
· NORMAN GOH
Why Hong Kong’s major developers stayed out of Northern Metropolis’ first pilot tender
Limited bids suggest government’s new land-sale model asks developers to do more than build homes, testing a role outside their expertise
· Peggy Ye
Why Hong Kong’s major developers stayed out of Northern Metropolis’ first pilot tender
Limited bids suggest government’s new land-sale model asks developers to do more than build homes, testing a role outside their expertise
· Peggy Ye
Majority Believes They Will Achieve The American Dream
250 years after American independence, a majority of people in the United States continue to believe in their personal American Dream.
· Tyler Durden
Shinhan deploys AI 'red team' to test strategy
Shinhan Financial Group held its management forum for the second half of 2026 from Friday to Saturday at Shinhan Bank Blue Campus in Yongin, bringing together about 300 executives from across the group to discuss competitiveness and accelerate its artificial intelligence transformation.
· Jeon Ji-woo
As lay-offs hit, China’s unemployed find sanctuary in Communist Party centres
Chinese jobseekers use free office space to establish routines and hide their employment status from families while looking for work
· He Huifeng
As lay-offs hit, China’s unemployed find sanctuary in Communist Party centres
Chinese jobseekers use free office space to establish routines and hide their employment status from families while looking for work
· He Huifeng
Sound investment: Inside the world of rare violins that can cost $34 million | The National
From London workshops to discreet private sales, a tiny network of experts trades some of the world’s rarest objects
· Josh Sims
Naver Pay tops S. Korean mobile payment market on rewards
SEOUL, July 5 (Yonhap) -- Naver Pay, the mobile payment service operated by Korean portal operator Naver Corp., was the country's most widely used platform, driven by its rewards and promotional benefits, industry data showed Sunday.
· Kim Eun-jung
Korean won falls nearly 6% against dollar this year amid foreign stock sell-off
The South Korean won has fallen nearly 6 percent against the US dollar this year, central bank data showed Sunday, as foreign investors sold off more than 156 trillion won ($102.3 billion) worth of domestic stocks.
· Yonhap
After hooking China on coffee, Starbucks ramps up consumer strategy
Now that the chain has Chinese consumers hooked on coffee, it is attempting to become part of local consumer culture, analysts say
· Chelsea Yang
After hooking China on coffee, Starbucks ramps up consumer strategy
Now that the chain has Chinese consumers hooked on coffee, it is attempting to become part of local consumer culture, analysts say
· Chelsea Yang
Korean won falls nearly 6 pct against dollar this year amid foreign stock sell-off
SEOUL, July 5 (Yonhap) -- The South Korean won has fallen nearly 6 percent against the U.S. dollar this year, central bank data showed Sunday, as foreign investors sold off more than 156 trillion won (US$102.3 billion) worth of domestic stocks.
· Kim Eun-jung
Loans from securities firms hit record high in Q2 amid stock rally
SEOUL, July 5 (Yonhap) -- South Korean retail investors borrowed a record amount from securities firms in the second quarter of this year as the local stock market extended its strong rally, industry data showed Sunday.
· Kim Eun-jung
Dayslong funeral for late Supreme Leader Khamenei begins in Iran
Products & ServicesOpen Products & Services section
Jerusalem cafe will remain open on Shabbat despite ultra-Orthodox protest, owner says
The owner of Cafe Basimta in Jerusalem’s Nahlaot neighborhood, Yoel Ben David, clarified on Saturday in a conversation with Walla that he will continue to open his business on weekends despite the ultra-Orthodox protest that took place at his cafe.
· EFRAT FORSHER
Students still keen on consulting, but may think twice about KPMG
Students with their eyes set on consulting have not been deterred by the recent KPMG scandal, but say if given multiple job offers, they may preference a competitor.
· Millie Muroi
Trump's financial disclosure reveals 18 Coupang stock trades since late last year
US President Donald Trump made 18 trades in Coupang Inc. shares from October to May via his money managers, his financial disclosure reports showed Saturday, amid tensions between Seoul and Washington over South Korea's regulatory probes into a massive data breach involving the US-listed e-commerce giant.
· Yonhap
Sun Valley has spawned some memorably awful megadeals — it’s a complete joke now
See more of our coverage in your search results.
· Charles Gasparino
California founder fired for ignoring his company’s own return-to-office mandate
See more of our coverage in your search results.
· Titus Wu
NT government at odds with Nhulunbuy economic fund over housing crisis
Topic:Rural and Remote Communities
· Oliver Chaseling
AI investors shouldn't choose between Wall Street and Asia
The New York and Tokyo stock exchanges. (Source photos by Hiroki Endo and Yuki Kohara)
· John Yasuda
Fandom is serious business — change allegiances at your own peril
And here’s the flip side:
· Mike Vaccaro
‘Overcapacity’ talk reflects a West irked by China’s industrial rise
The issue is whether that irritation can be managed through rules, domestic renewal and cooperation or further fragments the world economy
· Christine Loh
‘Overcapacity’ talk reflects a West irked by China’s industrial rise
The issue is whether that irritation can be managed through rules, domestic renewal and cooperation or further fragments the world economy
· Christine Loh