China's economy and stock markets face challenges, some investors, like Shanghai-based finance executive Dylan Run, are turning to cryptocurrencies, despite the government's ban on crypto trading and mining since 2021.
Taipower's financial struggles are of particular concern as Taiwan aims to increase the share of green power in its energy mix to 20 per cent by 2025, up from approximately 8 per cent in 2022. The government's target to phase out nuclear power generation adds complexity to achieving this goal.
This announcement follows Nintendo's previous statement in October, where it indicated that online services for the 3DS and Wii U would be discontinued within approximately six months. The updated statement provides a more precise timetable for the shutdown.
The Federal Trade Commission revealed that the company falsely claimed the parts were produced in the United States, despite being manufactured overseas. The $2 million penalty is the largest ever imposed for such deceptive labeling, underscoring the significance of accurate country-of-origin information.
Visitors, particularly those from mainland China, have long expressed frustration over the limited acceptance of digital wallets and QR payments. The ubiquitous Octopus card, a stored value card widely used in Hong Kong for public transportation and retail transactions, remains deeply ingrained in the city's payment culture.
Japan's exports surged almost 10% in December from a year earlier, helped by a revival in trade with China and strong demand for vehicles.
Despite recent victories at the Asian Games and World Championship, Korea's League of Legends Champions Korea (LCK) faces mounting challenges, including a suspension of official Chinese-language broadcasts by Huya, a Tencent-backed streaming platform.
Despite these challenges, LG Energy Solution witnessed a significant boost in operating profit, which surged 43% year-on-year to 338.2 billion won in the fourth quarter. The increase was attributed to U.S. tax credits and robust sales in the United States.
The Lunar New Year holiday, scheduled from February 9 to 12, is expected to witness a surge in outbound travel, indicating a strong recovery for the travel industry.
In 2023, South Korea experienced a record-high daily foreign exchange (FX) turnover in its banking sector, reaching an average of $65.96 billion per day.
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