As the highly-anticipated February 14 election approaches in Indonesia, the country’s presidential candidates are vying for the attention and support of voters on social media platforms. With 56.5% of the electorate consisting of millennials and Gen Z, the use of social media for political campaigning has skyrocketed. Among the various platforms, TikTok, with its 125
World
The international beauty giant, L’Oreal, experienced a significant drop in shares recently, prompting concerns about the overall health of the luxury beauty industry. The company’s reported lower-than-expected sales and a slowdown in demand in Asia have raised questions about the factors affecting consumer spending and the sustainability of the sector as a whole. L’Oreal’s fourth-quarter
Google recently announced a major rebranding of its artificial intelligence (AI) chatbot and assistant, Bard. The new brand name is Gemini, which aligns with the suite of AI models that power the chatbot. This rebranding effort reflects Google’s dedication to advancing AI assistants or agents as powerful productivity tools. The company aims to provide users
DBS Group, Southeast Asia’s largest bank, recently announced record earnings for the full year in 2023, reaching a net profit of SG$10.3 billion, a 26% increase compared to the previous year. However, despite this success, the bank made the decision to significantly reduce the variable compensation of its senior management as a means of holding
Most Asia-Pacific markets experienced declines on Tuesday, following a downward trend in Wall Street. These market movements were driven by investor anticipation of the interest rate decision from the Reserve Bank of Australia later in the day. Twenty-nine economists, who were surveyed by Reuters, unanimously predicted that the RBA would maintain rates at 4.35%. This
Asia markets began the holiday-shortened week on a mixed note, as investors eagerly awaited policy decisions from key central banks. The Reserve Bank of Australia and the Reserve Bank of India were expected to provide updates on Tuesday and Thursday, respectively. Additionally, private surveys on service sector activity were scheduled to be released from China
Russia has accused Ukraine of launching a deadly attack on a bakery and restaurant in Lysychansk, a city in the Russian-controlled eastern Ukraine. According to Russian officials, at least 28 people, including nine women and a child, were killed in the strike, which occurred on Saturday. The Russian-backed authorities claim that Ukraine used Western-supplied rockets,
Northern Ireland’s political landscape witnessed a monumental shift on Saturday as Michelle O’Neill, an Irish nationalist, was appointed as the region’s First Minister for the first time in history. This historic milestone marks a significant departure from the century-old dominance of pro-British unionists. The appointment, though delayed due to the watershed 2022 election, reflects the
The market for AI PCs is rapidly expanding, and chip giant Advanced Micro Devices (AMD) is ready to compete with industry leaders such as Nvidia and Intel. In an exclusive interview with CNBC, AMD’s president, Victor Peng, expressed his confidence in the growth of AI PCs, highlighting the firm’s expectation of increased adoption in the
Meta, the parent company of Facebook, has stunned the market with its fourth-quarter earnings report. The tech giant exceeded analysts’ expectations in both earnings and revenue, resulting in a 15% surge in its stock price in after-hours trading. The company reported earnings of $5.33 per share, surpassing the predicted $4.96 per share estimated by LSEG