Asia | Pixr8 News

11Jan By PriyankaNo Comments

Market

Asian Stock Market are Up, Japan’s Nikkei Strengthens

TOKYO, 11th Jan 2023 – Asian shares were mostly higher on Wednesday off a rally on Wall Street that came ahead after the weaker yen also boosted buying sentiment in Japan, as the country’s exporters earn more when foreign profits are converted into yen. Japan’s benchmark Nikkei 225 NIK, +0.99% rose 1% in morning trading. Australia’s S&P/ASX 200 XJO, +0.95% gained about 1% and South Korea’s Kospi 180721, +0.17% gained about 0.2%. Hong Kong’s Hang Seng HSI, +1.02% climbed 1%, while the Shanghai Composite SHCOMP, +0.20% rose 0.2%. Benchmark indices in Taiwan Y9999 fell -0.34%, Malaysia FBMKLCI, +0.10% and Indonesia JAKIDX, -0.48%, while Singapore STI stocks gained +0.30%. Shares of Fast Retailing Co. 9983, +1.23%, which operates popular Japanese clothing retailer Uniqlo, rose 1.4% i...

Google launches Indie Accelerator Programme for Asian Startups

29Jun By Lavina TolaniNo Comments

Tech

Google launches Indie Accelerator Programme for Asian Startups

Google has announced a new four-month training programme for gaming startups and developers in Asia as a special edition of Google Launchpad Accelerator. Dubbed as "Indie Games Accelerator Programme", Google is targetting gaming start-ups based in India, Indonesia, Malaysia, Pakistan, Philippines, Singapore, Thailand or Vietnam who will have an opportunity to work with mentors from Google and the gaming industry. Anuj Gulati, Developer Marketing Manager, Google Play, stated in a blog post, We're always looking for new ways to support developers. So, as a special edition of the Launchpad Accelerator, we're announcing a new four-month Indie Gaming Accelerator to train promising developers from these countries in Asia. How will startups benefit from the program? Under the p...

Indigo and Air India Express Ranked Amongst the Top 5 Cheapest Airlines Globally

28May By Gauri SinghNo Comments

News

Indigo and Air India Express Ranked Amongst the Top 5 Cheapest Airlines Globally

The budget carriers Air India Express and IndiGo (InterGlobe Aviation Ltd) have made it to the top five cheapest airlines in the world in providing international connectivity. This seems to be an achievement for the country, where the wholly-owned subsidiary of state-run carrier Air India Express has been ranked second whereas the low-cost carrier IndiGo has been placed at the fifth position by the Global Flight Pricing Report prepared by Melbourne-based multimodal travel planning site called Rome2rio. In addition to this, the Jet Airways and Air India have also been placed at the 12th and 13th rank respectively by the report. The Global Flight Pricing Report compared 200 major airlines across the globe to reach the conclusion on the basis of average price per kilometer. The airline ...

9May By Lavina TolaniNo Comments

INDIA

India to Emerge Fastest Growing Economy in 2018:IMF Report

The International Monetary Fund (IMF) has projected that India will be the fastest-growing major economy in 2018, with a growth rate of 7.4 percent that rises to 7.8 percent in 2019 with medium-term prospects remaining positive. The Report on Asia and Pacific Regional Economic Outlook said that the country is recovering from demonetisation and introduction of GST Tax, and "the recovery is expected to be underpinned by a rebound from transitory shocks as well as robust private consumption." Meanwhile, in the broader perspective, IMF has estimated that Asian economies will remain strong within growth outlook but will be vulnerable to a sudden tightening in global financial conditions and a shift towards protectionist policies. In its regional economic outlook update, IMF has project...

SoftBank Funding May Prompt Uber To Review Game Plan In Southeast Asia

21Nov By reutersNo Comments

BUSINESS

SoftBank Funding May Prompt Uber To Review Game Plan In Southeast Asia

SoftBank Group’s multi-billion dollar investment in Uber Technologies Inc opens up the possibility of combining it with other ride-hailing assets the Japanese group owns in a consolidation of a rapidly growing business across Asia, industry sources say. Uber Technologies Inc said on Nov. 12 that a planned deal with a consortium led by SoftBank and Dragoneer Investment Group was moving forward. The consortium plans to inject $1 billion to $1.25 billion into Uber, and buy up to 17 percent of existing shares in a secondary transaction. SoftBank has also been a big investor in Uber’s rivals across Asia, including Southeast Asia’s Grab, China’s DiDi Chuxing, and India’s Ola, as it works to achieve founder Masayoshi Son’s vision of a future driven by artificial intelligence and interconnec...

Global Press Freedom Hit The All Time Low: Report

30Oct By RishabhNo Comments

ANALYSIS, INSPIRATIONAL

Global Press Freedom Hit The All Time Low: Report

Global press freedom has recently declined to its all time low ever in 13 years in 2016 amid unprecedented threats to journalists and media outlets in major democracies. As per the research done by Freedomhouse.org only 13 percent of the world's population enjoys a Free press. Not to forget the far-reaching attacks on news media in a democratic society by Donald Trump, first as a candidate and now as the President of United States.Borrowing a term popularized by Soviet leader Joseph Stalin, Trump has labeled the news media as “enemies of the people”. Yet, U.S. remains as one of the most press-friendly countries in the world, in comparison to the countries like North Korea, Turkmenistan, Iran, Syria who are designated as Not-free in the Freedom of press 2017. While the pr...

Uber’s Path To Win Back London: Data, Fines and Fees

2Oct By reutersNo Comments

ANALYSIS

Uber’s Path To Win Back London: Data, Fines and Fees

If history is a guide, Uber Technologies new Chief Executive Dara Khosrowshahi is likely to dangle data sharing and a promise to pay fines and fees when he sits down with London officials to negotiate the ride service’s future in one of its most important markets. From the Philippines to Portland, Oregon, the strategy has worked time and time again for the San Francisco company. London transportation officials last month deemed Uber unfit to operate because of lax corporate responsibility. The move threatens an Uber stronghold at a time when Khosrowshahi is trying to salvage the company’s reputation after a series of scandals. Police have complained that Uber was not disclosing or taking too long to report serious crimes tied to its rides, and London mayor Sadiq Khan backed the de...

21Sep By reutersNo Comments

USA

What Is At Stake For Uber In U.S. Bribery Probe?

A U.S. bribery investigation at ride-hailing company Uber Technologies Inc will likely go on for a year or more and could lead to snowballing legal and compliance costs if lawyers find systemic problems. Uber, which is the subject of a U.S. probe into whether it paid bribes oversees, has started a review of its Asia operations and notified U.S. authorities about payments made by staff to police officers in Indonesia, a person familiar with the matter has told Reuters. The following explains the possible fallout for the company. What is under investigation? Uber said in August that it was cooperating with a preliminary investigation led by the U.S. Department of Justice into whether its managers violated a 1977 anti-bribery law, known as the Foreign Corrupt Practices Act (FCPA). The...

Delhi’s Connaught Place is World’s 7th Costliest Office Destination

15Jun By AnkitaNo Comments

INDIA

Delhi’s Connaught Place is World’s 7th Costliest Office Destination

Delhi's Connaught Place has slipped one notch to become the world's seventh most costliest office destination, according to property consultant CBRE. Mumbai's BandraKurla Complex (BKC) is at the 19th position and Nariman Point at 34th, according to CBRE Research Global Prime Office Occupancy Costs bi-annual survey. "With annual occupancy cost of USD 149.71 per sq ft, New Delhi's Central Business District (CBD) of Connaught Place ranks as the seventh most expensive prime office market in the world," CBRE said in a statement. Hong Kong (Central) became the highest-priced office market with an overall prime occupancy cost of USD 290 per sq ft per annum, followed by London-Central (West End) with an annual occupancy cost of USD 262.29. Beijing (Finance Street), Beijing (Central Busines...

Building a Startup in Pakistan: The Good, The Bad & The Ugly

12May By No Comments

BLOGS

Building a Startup in Pakistan: The Good, The Bad & The Ugly

Startups and entrepreneurship are the buzz words in today’s world. The seemingly overnight successes of Google, Facebook, Twitter & Uber have inspired people, especially young university graduates, to stop working for others and go out to try their luck. Over the last 5 years, we have seen exponential growth in the number of startups across the world. Being a founder of a potentially million dollars startups at a young age is the most cool you can get these days. To attain a high level of achievement you will need to take advantage of platforms that can support you in reaching your potential. You can find out more about why this is important at this website. Moreover, it is important that startups market themselves in an effective fashion. Starting a business also is based on business rela...

22Dec By No Comments

BLOGS

Audio: Are Startups Really Job Engines?

Everybody wants to be an entrepreneur. The myth of footloose 25-year-olds changing the world while incidentally becoming deliriously rich has intoxicated a generation. And governments are eagerly handing out tax breaks to help them get started. After all, those new companies are engines of economic growth and job creation, right? Startup Audio Listen to This Story Well, maybe, says Stanford Graduate School of Business professor George Foster. He suggests that policymakers and would-be tycoons alike could do with a sobering belt of reality. In a new multi-country study, he finds that most startups never take off — and among those that do, setbacks destroy a sizable share of the employment and revenue gains in the sector. “Most of the stories you hear about startups h...

Three numbers that tell you where Asia’s mobile Internet is going

22Nov By No Comments

Story

Three numbers that tell you where Asia’s mobile Internet is going

Is Asia developing towards mobile, or away from it? Three numbers from the Google-TNS Asia Pacific Mobile App Usage Study suggest an answer: as it expands, it will move towards mobile, not away from it. The study asked people from across Asia about how they used their apps, revealing how central mobile has become to Asia’s daily life. And in markets where smartphones are only just becoming mainstream, we can expect that trend to strengthen. We can sum this up in three numbers and two colors in the above chart. As is common in these kinds of surveys, Korea emerges as the smartphone paradise: they have the second highest smartphone penetration in Asia, the third-highest proportion of people who consider the smartphone their main device, and they install the most apps on their phone....