Global sovereign wealth funds (SWFs) held back on capital deployment and minimised their exposure to emerging markets in 2022 amid a tough investment climate. Sovereign wealth funds’ direct investments across emerging markets, developed markets, and frontier markets in 2022 stood at $71.3 billion, a tad lower than the previous year’s $74.2 billion, according to a… Continue reading Sovereign wealth funds shied away from emerging market investments in 2022
Category: Tech News
Category Added in a WPeMatico Campaign
Apple’s Journal app needs to read the room
/ Life isn’t always happy, AI isn’t always smart, and you should have a say about which memories you’re open to reflecting on — and when. By Victoria Song, a writer focusing on wearables, health tech, and more with 11 years of experience. Before coming to The Verge, she worked for Gizmodo and PC Magazine.… Continue reading Apple’s Journal app needs to read the room
These Apple Music features in iOS 17 make me less envious of Spotify users
Sabrina Ortiz/ZDNET The Apple Music and Spotify rivalry has divided music listeners across the globe for years. Although Apple entered the scene seven years after Spotify, it has continued to release compelling features for its streaming service, making it a worthy competitor. Apple has not shied away from taking Spotify’s most popular features, such as… Continue reading These Apple Music features in iOS 17 make me less envious of Spotify users
The Kia Boys will steal your car for clout
A loose collective of teenage car thieves calling themselves Kia Boys have stolen tens of thousands of Hyundai and Kia vehicles, often posting the results on YouTube, Snapchat, and TikTok. But the chaos and destruction left in their wake rarely goes noticed. “If I see a Kia, then I’m takin your shit.” That’s the first… Continue reading The Kia Boys will steal your car for clout
Hong Kong’s PAG invests $200m in pharmaceutical firm RK PharmaWith operations in the US and India, RK Pharma Inc is a privately held US-headquartered …
Hong Kong-based private equity firm PAG has invested $200 million in US-headquartered pharmaceutical company RK Pharma, reported AVCJ. With operations in the US and India, RK Pharma Inc is a privately held firm focusing on the development, manufacturing, and sale of high-quality and affordable generic pharmaceutical products. PAG focuses on the APAC region, investing across private equity,… Continue reading Hong Kong’s PAG invests $200m in pharmaceutical firm RK PharmaWith operations in the US and India, RK Pharma Inc is a privately held US-headquartered …
Chinese energy storage, battery firms mull big investments in VietnamGrowatt New Energy is planning to spend about $300m to build a new factory.
Two Chinese makers of energy storage systems and batteries are weighing investments worth hundreds of millions of dollars in Vietnam, industry and government sources said. The combined value of the investments could exceed $1 billion, according to one person with direct knowledge of the discussions. A growing number of Chinese companies are launching or expanding manufacturing projects… Continue reading Chinese energy storage, battery firms mull big investments in VietnamGrowatt New Energy is planning to spend about $300m to build a new factory.
Patrick Walujo to become new CEO of GoTo Group, Andre Soeslityo steps down
In a drastic leadership change, Indonesian tech giant GoTo has announced that Andre Soelistyo will step down from his role as GoTo Group’s chief executive officer. GoTo Group commissioner Patrick Walujo, who is the founder of private equity firm NorthStar Group, will take over as the new CEO, according to a company statement. Soelistyo, who… Continue reading Patrick Walujo to become new CEO of GoTo Group, Andre Soeslityo steps down
Japan’s Isuzu not to relocate factory from Thailand to Indonesia
Japanese truck maker Isuzu Motors on Thursday said it was not planning to move a factory from Thailand to Indonesia, a day after the Indonesian industry minister said the company would do so. “While our company continues to focus on Indonesia as a major market, there are no plans to relocate a Thai factory to… Continue reading Japan’s Isuzu not to relocate factory from Thailand to Indonesia
Taiwan’s MediaTek says will defend itself in accusation over patent ‘bounty’ agreement
Taiwan’s top chip design company MediaTek Inc said on Thursday it will defend itself in court against accusations from Realtek that it paid a company that sues over patents a “secret litigation bounty” to file meritless lawsuits. Realtek Semiconductor Corp’s lawsuit, lodged in California, accuses MediaTek of conspiring with IPValue Management Inc in an effort to drive… Continue reading Taiwan’s MediaTek says will defend itself in accusation over patent ‘bounty’ agreement
Meta introduces broadcast tool Channels on WhatsApp
Meta Platforms on Thursday introduced WhatsApp Channels, a feature that the social media giant said would help make the app a “private broadcast messaging product.” Users in Colombia and Singapore will be the first to receive access to Channels. Over the coming months, Meta will expand the availability of the tool for users in more… Continue reading Meta introduces broadcast tool Channels on WhatsApp