Business

AI is revolutionizing how banks combat financial crimes like money laundering. Advanced computer systems can flag suspicious transactions, helping prevent large-scale illegal transfers and protecting financial institutions from potential monetary losses.

Japanese Prime Minister Shinzo Abe announced a nearly $1 trillion stimulus package totaling 108 trillion yen to protect the economy from coronavirus damage. The relief package represents 20% of GDP and is twice the size of the 2008 financial crisis package, highlighting the government's serious response to the pandemic.

As the coronavirus spreads globally, countries implementing export bans on essential medical equipment like face masks and protective gear risk compromising international pandemic response efforts and leaving vulnerable populations without critical healthcare resources.

Taiwan's automotive sector demonstrated remarkable resilience in March 2020, registering 37,279 new car sales and achieving a 15.1% year-on-year increase. Despite the COVID-19 pandemic, consumer confidence remained strong, driving quarterly sales past 100,000 vehicles.

Vietnamese products are experiencing a significant boost in the US market, with imports rising 36% to $67 billion in 2019. As America reduces dependence on Chinese supply chains, Vietnam emerges as a key alternative for electronics, clothing, and agricultural goods.

A survey by NNA reveals that over 65% of Japanese manufacturers in Philippines, Indonesia, Malaysia, Thailand, and India are experiencing severe supply chain challenges. More than 80% report difficulties sourcing parts and materials, with some countries experiencing up to 95.8% import-related disruptions.

Dark Sky, known for its precise weather predictions and clean interface, has been acquired by Apple. The app will no longer be available for Android users, who are expressing disappointment about losing access to the beloved weather forecasting tool.

Singapore's government is taking strict measures to control coronavirus spread by mandating telecommuting. Companies that fail to implement work-from-home arrangements may receive stop-work orders, with potential legal amendments increasing penalties for non-compliance.

Bangladesh's crucial apparel industry, which contributes 80% of the country's exports, is collapsing due to global pandemic-driven order cancellations. Major international brands like H&M and Target are withdrawing contracts, potentially leaving millions of low-wage workers jobless and threatening the nation's economic stability.

SoftBank Corp. has entered Japan's 5G market, providing users with revolutionary mobile technology that enables downloading a two-hour movie in just seconds. The service promises 100 times faster data transmission compared to existing 4G networks, positioning the company competitively alongside rivals NTT Docomo and KDDI Corp.