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Cambodian payment apps' collapse leaves users fighting to recover funds

Creditors of Huione Pay and H-Pay clash with law enforcement officials as they protest outside the National Bank of Cambodia headquarters in Phnom Penh on April 27. The growth and collapse of the two payment apps has highlighted the seemingly weak regulation of the country's financial sector. © EPA/Jiji

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[Lim Woong] Huang’s four gifts: Are we ready for them?

Jensen Huang's recent visit to Seoul was far more than a high-stakes business excursion or a series of curated photo-ops over the ubiquitous “chimaek” (chicken and beer). While the sight of an influential tech CEO and three chaebol leaders enjoying the local nightlife provided a certain charm, it signaled a tectonic…

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UBS Warns America's Restaurants Locked In "Difficult Cycle" As Tax-Refund Sugar-High Fades

There is certainly a growing consensus on Wall Street that the tax-refund sugar high is fading just as consumers' financial profiles deteriorate. The latest read-through comes from UBS analyst Dennis Geiger, the bank's U.S. restaurants equity research analyst, who warns that a toxic cocktail of macro pressures is li…

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Pentagon Names Alibaba, Baidu, And BYD In Updated Chinese Military Companies List As DoD Contracting Bans Loom

The Department of Defense has filed a major update to its official list of "Chinese military companies" operating in the United States, formally naming or reaffirming high-profile firms including Alibaba, Baidu, BYD, BGI Group, and Autel as companies linked to Beijing's military-civil fusion strategy.

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Israel and Iran trade strikes: what does this mean for peace deal? - The Latest

The Iranian regime has announced the end of attacks against Israel, while the US president has claimed both sides ‘want a ceasefire’. This comes after Iran and Israel attacked each other’s territory for the first time since a fragile ceasefire took effect in April. The Israeli strikes are in apparent defiance of Don…

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