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Myanmar scam hub sweep triggers fraudster recruitment rush
Myanmar scam hub sweep triggers fraudster recruitment rush
Economy
by  AFP

Recent raids on one of Myanmar's most notorious internet scam hubs sparked a recruitment rush as fleeing workers scrambled to enlist at nearby fraud factories, experts and insiders told AFP. Online scam hubs have mushroomed across Southeast Asia, draining unsuspecting victims of billions of dollars annually in elaborate romance and crypto cons.

Asian markets swing as trades eye tech rally, US rate outlook
Asian markets swing as trades eye tech rally, US rate outlook
Economy
by  AFP

Asian markets fluctuated Tuesday as investors assessed the latest tech rally on Wall Street amid worries a bubble is forming in the sector, while mixed signals from Federal Reserve officials fed uncertainty over its next interest rate move. Wall Street ended on a mixed note, with the tech-rich Nasdaq rising along with the S&P 500 but the Dow in the red.

South Korea to triple AI spending, boost defence budget
South Korea to triple AI spending, boost defence budget
Economy
by  AFP

South Korea will triple spending on artificial intelligence and make its biggest defence budget increase in six years, President Lee Jae Myung said Tuesday in his annual parliamentary budget speech. Lee noted on Tuesday that South Korea already spends "1.4 times North Korea's annual GDP" on defence alone and is "ranked fifth in global military strength".