Carro turns Singapore car loans into a US$350M funding pipeline in a regional first

Nvidia's Jensen Huang resigned Thursday as CEO amid an explosive spy scandal, but Washington isn't letting him off the hook.  Lawmakers on both sides of the aisle said they still want to hear from the ex-Nvidia chief amid national security concerns about his involvement with a woman who U.S. officials concluded was passing information to China. "Jensen...

Nvidia CEO Jensen Huang resigned Thursday from the company he co-founded after revelations of extramarital affairs, including one with a woman alleged to be a spy for China. Kansas state Sen. Cindy Holscher was projected to win the governor's mansion Thursday, more than a week after Election Day. Holscher defeated Republican Kansas Senate President Ty...

Sen. Jim Banks (R-Ind.) called on Commerce Secretary Howard Lutnick to testify regarding his involvement with former Nvidia CEO Jensen Huang’s relationship with an alleged Chinese spy, accusing Lutnick of using a “loophole.” “This news is as concerning as it gets,” Banks said Thursday during an appearance on Fox News. “When you're in a war...

The president of the Heritage Foundation, Kevin Roberts, said this week that the Republican Party erred in its stance toward data centers in the midterm elections. “Conservatives were apoplectic about data centers,” Roberts told Financial Times in an interview published Thursday.  The conservative think tank leader told the outlet that Democrats “did a brilliant job,...

Colette Kress is taking on the role after the resignation of CEO Jensen Huang.

Jensen Huang, the tech executive at the center of an alleged Chinese corporate espionage scandal, has agreed to appear before Congress in a closed-door briefing focused on threats to U.S. national security, a top Republican told The Hill on Thursday. Rep. Brian Mast (R-Fla.), the chair of the House Foreign Affairs Committee, said lawmakers are...

Sen. Elizabeth Warren (D-Mass.) said Thursday that Nvidia CEO Jensen Huang’s resignation amid mounting controversy regarding his extramarital affairs, including one with an alleged Chinese spy, “does not absolve him” or the company. “Jensen Huang’s decision to resign from NVIDIA does not absolve him, other executives, or the company as a whole of responsibility for...

President Trump suggested Thursday that former Apple CEO Tim Cook should be the one to take Nvidia CEO Jensen Huang’s place after his exit following reports of his extramarital affairs, one of which was with an alleged Chinese spy. “NOW THAT Nvidia CEO JENSEN HUANG, who has done a fantastic job, has resigned, there is...

Nvidia stock took a sharp dive on Thursday, after longtime CEO Jensen Huang resigned amid reports he engaged in two extramarital affairs. The chipmaker’s stock fell to $148.80 per share after the opening bell, down 14.4 percent from closing on Wednesday. Nvidia stock later rebounded slightly, topping $162 per share, but it was down about...

Coffee brands, roasters, experts and authorities from around the world are gathering in Seoul for the 25th Seoul International Cafe Show, a four-day event that kicked off Wednesday. This year, India and Guatemala took part in one of the event’s flagship programs, Origin Discovery, showcasing their coffee traditions and explaining how their distinctive beans have won loyal followings among coffee lovers worldwide. Organized by the Coffee Board under the Government of India, a session titled Coffees of India introduced the country’s history of coffee cultivation, which dates back to the 1600s and reached its commercial zenith in the 18th century. Indian coffees, including Arabica, Robusta and Excelsa varieties, have been cultivated across Western Ghats — a biodiversity hotspot recognized by the UNESCO — as well as Eastern Ghats and Northeastern states. Amulya K.G., director of the Coffee Board and the host of the session, said there are 441,000 coffee farms in India, 99 percent of which are small holdings of less than 10 hectares. India is the world’s fifth largest coffee export

Mercedes-Benz Korea has entered the nation's fast-growing luxury van market with the V-Class, intensifying competition in a segment previously dominated by Toyota’s Alphard and Lexus LM. The German luxury carmaker launched Wednesday the seven-seat V-Class as a single-trim model priced at 124 million won ($92,700), targeting customers looking for a premium vehicle that combines passenger capacity with a high level of comfort. The launch comes as demand for high-end vans grows in Korea, particularly among business executives, celebrities and families seeking more spacious and comfortable transportation. Toyota and Lexus have established a strong presence in the segment with their Alphard and LM models, respectively. The two brands have benefited from growing demand for premium multipurpose vehicles that offer more space and comfort than conventional luxury sedans and SUVs. The arrival of Mercedes-Benz is expected to intensify competition by giving consumers another premium option. The V-Class luxury van is only available for a diesel powertrain here. The V-Class is positioned as a more sp

Deutsche Bank said Korea needs to improve financial market accessibility and regulatory predictability to attract more global capital, as its world-class companies continue to underpin the country's investment appeal. In a recent exclusive interview with The Korea Times, Alexander von zur Muehlen, Deutsche Bank's CEO of Asia Pacific, Europe, Middle East & Africa and Germany, said "few economies have produced such a concentration of globally competitive companies across strategically important industries" as Korea has. "The next step is to make its financial markets as international as its companies," said von zur Muehlen, who is also a member of the bank's management board. "Greater openness, simplicity and predictability can help broaden international participation." Korea has been opening its financial markets to global investors, introducing 24-hour foreign exchange trading in July. The country also allows foreign institutions to participate directly in its onshore foreign exchange market through the Registered Foreign Institution program, with Deutsche Bank among the first participa