Alibaba to add data centers in Europe, Middle East amid AI push, US-China tech race

The Business Times - Sep 23, 2026

It is increasingly going head-to-head with Western rivals Amazon and Alphabet in regions beyond Asia

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Sales of winter products surge at convenience stores amid chilly weather

Oct 9, 2026

Sales of winter products surge at convenience stores amid chilly weather

Sales of winter products surged at South Korean convenience stores as temperatures fell sharply this month, industry sources said Friday. According to retailers, sales of disposable hand warmers at GS25 convenience stores, operated by GS Retail Co., rose more than elevenfold in the first seven days of this month compared with the previous week. Sales of tights, worn to keep warm, increased by a similar margin. Demand for popular winter snacks and beverages, such as instant fish cakes, baked sweet potatoes and traditional tea, climbed 653 percent, 132 percent and 50.2 percent, respectively, over the period. CU convenience stores, operated by BGF Retail Co., reported a 400 percent increase in sales of disposable hand warmers over the same period. "As cold weather sets in, sales of winter snacks and cold-weather gear are rising sharply," an industry official said.

SK chief vows to speed up construction of new chip cluster in southwest

Oct 9, 2026

SK chief vows to speed up construction of new chip cluster in southwest

SK Group Chairman Chey Tae-won said Friday his business group will make efforts to build a new semiconductor cluster in the southwestern part of the country as quickly as possible to meet growing global demand. Chey made the remarks during a visit to Gwangju Air Base in the southwestern Jeonnam-Gwangju region, where SK hynix Inc. has proposed building a new chip cluster. "Once the conditions are met, we plan to build (the new cluster) as quickly as possible," Chey said. "Demand for chips is growing rapidly, and the current situation requires us to accelerate the pace of supply to keep up with demand," he added. The chairman said the group still needs to determine when construction will begin but stressed that it intends to break ground as soon as possible. Chey noted that demand for chips is expected to grow significantly, adding that the proposed cluster will be around two-thirds the size of the one currently under construction in Yongin, just south of Seoul. It marked Chey's first visit to the region since the conglomerate unveiled its building plan in June. Earlier in the year, SK hynix

JBL’s rival to Sonos is called the Cove, and it brings whole-home Wi-Fi audio from S$399

Oct 9, 2026

JBL’s rival to Sonos is called the Cove, and it brings whole-home Wi-Fi audio from S$399

The Cove lineup consists of three speakers, and can even work with JBL soundbars to create a home theatre setup.

Two tech outsiders tried to sell a $44b tech company. It didn’t work

Oct 9, 2026

Two tech outsiders tried to sell a $44b tech company. It didn’t work

Oliver Curtis’ comeback was meant to end with the biggest float since Telstra. It ended with bankers going to ground and a plan B in New York.

Apple announces “Welcome Home” event on 13 October in New York

Oct 9, 2026

Apple announces “Welcome Home” event on 13 October in New York

The event will show just how serious Apple is about making a push into the smart home market.

‘I never gave consent’: The Australians being replaced with copies of themselves

Oct 9, 2026

‘I never gave consent’: The Australians being replaced with copies of themselves

High-flying executives from across the world jetted in to the AI inquiry but the most startling revelations came from ordinary Australians.

Samsung’s P9 and P7 portable SSDs supports USB4 and transfer speeds of up to 4,000MB/s

Oct 9, 2026

Samsung’s P9 and P7 portable SSDs supports USB4 and transfer speeds of up to 4,000MB/s

Samsung’s next-generation portable SSDs feature USB4 connectivity, delivering sequential read speeds of up to 4,000MB/s.

New drone digital archaeology uncovers ancient sites in Australia

Oct 8, 2026

New drone digital archaeology uncovers ancient sites in Australia

LiDAR technology used by drone archaeologist Dr Jacob Bongers from the University of Sydney has successfully identified three unrecorded ancient Indigenous shelters.

Building resilience into the real-time economy

Oct 8, 2026

Building resilience into the real-time economy

More of Australia’s economy now depends on digital systems operating in real time.

Samsung Electronics 1st Korean firm to top $80 bil. in quarterly operating profit

Oct 8, 2026

Samsung Electronics 1st Korean firm to top $80 bil. in quarterly operating profit

Samsung Electronics on Thursday estimated 107.4 trillion won ($80.28 billion) in operating profit for the third quarter, becoming the first Korean company to surpass 100 trillion won in quarterly operating profit. In a regulatory filing, the company said its third-quarter operating profit and revenue are each estimated at 107.4 trillion won and 195 trillion won, respectively. If the figures are finalized when the company announces its full earnings results on Oct. 29, they would represent year-on-year increases of 782.5 percent in operating profit and 126.6 percent in sales. Beside Samsung, no other company in the world expect for Saudi Arabia's state-owned oil company Aramco has posted a quarterly operating profit exceeding that amount. Aramco reported $86.5 billion in operating profit in the second quarter of 2022. The operating profit surpassed brokerages’ consensus estimate of 106.64 trillion won, though sales fell slightly short of the 200.64 trillion won forecast. The earnings are particularly significant as they exceeded expectations despite concerns that the Korean won's sharp

Hyosung Heavy Industries builds test facility for 2-gigawatt HVDC controller

Oct 8, 2026

Hyosung Heavy Industries builds test facility for 2-gigawatt HVDC controller

Hyosung Heavy Industries, the power equipment and grid infrastructure unit of Korean conglomerate Hyosung Group, has built a facility to test the performance of its 2-gigawatt high-voltage direct current (HVDC) controller, marking a first for Korea using homegrown technology, the company said Thursday. The hardware-in-the-loop simulation system, recently installed at the company's research center in Gwacheon, Gyeonggi Province, links an actual HVDC controller to a simulated 2-gigawatt converter valve and power grid. This lets engineers check how the controller responds under conditions close to those of a real grid, the company said. HVDC technology converts alternating current into direct current to carry large amounts of electricity over long distances with less power loss. A 2-gigawatt system requires two to three times as many test scenarios, such as grid faults and emergencies, as a 200-megawatt one, according to the company. The simulator can reproduce hazardous situations that are difficult to test on a live grid and run them repeatedly over long periods, it said. Hyosung said it d

Hancom partners with AWS to bring Nomadian AI workforce platform to US

Oct 8, 2026

Hancom partners with AWS to bring Nomadian AI workforce platform to US

Korea's leading office software developer, Hancom, is taking its Nomadian artificial intelligence (AI) workforce platform to the U.S. market, teaming with Amazon Web Services to shape everything from product design and pricing to marketing and distribution. Hancom said Thursday that it will work with AWS on a 10-week program called Hancom x AWS CoLab as it prepares to launch Nomadian in the U.S. The program will cover product development and market strategy, with AWS supporting development in its cloud environment while both companies examine market size, customer willingness to pay, pricing and revenue models. Hancom will lead product vision and key decisions, while CoLab will use Amazon’s Working Backwards approach to map out its initial customers, market-entry strategy and launch road map. Hancom and AWS held a kickoff meeting Sept. 21, attended by business development and sales representatives from Hancom and AWS technology. Nomadian is designed for solo entrepreneurs, allowing users to assemble teams of AI agents for roles including data analysis and content marketing and assign wo

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