Business

Artificial Intelligence is emerging as a powerful tool in combating financial crimes. By analyzing complex transaction patterns, AI helps banks identify suspicious activities that might go unnoticed by traditional monitoring systems, protecting financial institutions from potential money laundering schemes.

Japanese Prime Minister Shinzo Abe unveiled a nearly $1 trillion stimulus package to protect the economy from coronavirus damage. The 108 trillion yen relief effort is double the 2008 financial crisis package, representing 20% of GDP and aimed at mitigating the pandemic's economic consequences.

Export bans on medical supplies like face masks and thermometers are hindering global pandemic response. Countries producing these critical items are prioritizing domestic needs, leaving international markets struggling to obtain essential protective gear during the coronavirus outbreak.

Despite the coronavirus pandemic, Taiwan's automotive sector reported a significant increase in car sales. In March, 37,279 new cars were registered, representing a 15.1% rise compared to the same period in 2019. The first quarter of 2020 saw over 100,000 car sales, an 8.2% increase from 2019.

Vietnamese exports to the United States have surged, with imports reaching $67 billion in 2019. The country has become a key alternative manufacturing hub, supplying agricultural products, electronics, clothing, and furniture to the American market.

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 issues with sourcing parts and materials, with some countries experiencing up to 95.8% import-related difficulties.

Apple has acquired Dark Sky, a beloved weather app known for its precise, hyper-local forecasts. Android users are disappointed as the app will no longer be available on their platform, marking the end of a highly-rated weather prediction service for non-iOS users.

Singapore's Ministry of Manpower warns companies that fail to implement work-from-home arrangements will face stop-work orders. Manpower Minister Josephine Teo emphasizes strict enforcement of pandemic-related workplace policies to curb virus spread.

Bangladesh's crucial apparel industry, which represents 80% of the country's exports, is experiencing severe disruption due to coronavirus. Major international brands like H&M and Target are cancelling orders, potentially causing $6 billion in lost revenue and massive unemployment for millions of workers.

Japanese tech giant Softbank has officially launched its 5G wireless service, joining rivals NTT Docomo and KDDI Corp. The new service allows users to download a two-hour movie in seconds, with plans to attract consumers seeking seamless video and game streaming experiences.