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Uber to buy Delivery Hero's Foodpanda in Taiwan for US$950 mn
Uber to buy Delivery Hero's Foodpanda in Taiwan for US$950 mn
Economy
by  AFP

Ride-hailing giant Uber said Tuesday it has reached a deal with Delivery Hero SE to buy its Foodpanda delivery business in Taiwan for US$950 million. The companies have also reached a separate agreement for Uber to buy US$300 million in newly issued ordinary shares of Delivery Hero, according to the statement. aw/dhc/dan

Sony net profit dips on-year but beats estimate
Sony net profit dips on-year but beats estimate
Economy
by  AFP

Sony said Tuesday that annual net profit dipped 3.5 percent on-year but beat its forecast as takings in games and music offset losses in the financial and chip sectors. For the current financial year, Sony forecast net profits of 925 billion yen.

Asian traders bide their time ahead of key US inflation data
Asian traders bide their time ahead of key US inflation data
Economy
by  AFP

Asian investors shifted cautiously Tuesday ahead of the release of key US inflation data that could have a huge bearing on the fate of Federal Reserve interest rate cuts this year. The readings come after forecast-beating figures for the first three months of the year that have seen investors whittle down their expectations for the number of rate cuts -- from six in January to at most two now.

Anthropic AI assistant 'Claude' arrives in Europe
Anthropic AI assistant 'Claude' arrives in Europe
Technology
by  AFP

Anthropic on Monday announced that its artificial intelligence assistant "Claude" is available in Europe after launching in the United States earlier this year. "We’re excited to announce that Claude, Anthropic's trusted AI assistant, is now available for people and businesses across Europe to enhance their productivity and creativity," the San Francisco-based tech startup said in a blog post.