Investing

Australia’s national carrier Qantas has seen statutory profits take off thanks to strong demand across all market segments.

Our fifth annual Forbes Asia 100 to Watch list provides a window into the vibrant world of startups and small companies in the Asia-Pacific region. Drawing nearly $3 billion in funding to date, these companies operate in fast-rising sectors such as biotechnology, spacetech and green tech.

In 2000, internet darling Cisco was the world’s most valuable company. Today it’s worth half as much. Buyer beware for AI juggernauts like Nvidia and Palantir.

The latest funding round was led by Fidelity Management & Research and funds linked to J.P. Morgan Asset Management.

The new AI-powered data center, which will have a capacity of over 70 megawatts, will be financed by a syndicate of more than 20 banks including Crédit Agricole CIB, DBS Bank and ING Bank.

From Anchorage Digital to BitGo and Morgan Stanley, a growing cast of financial firms are reaping big fees riding the tidal wave of corporate bitcoin buying.

The national carrier has also paid $120 million into the compensation fund for affected former employees, after it sacked 1,700 ground handling staff during the pandemic.

The duo behind education start-up Go1 and investor Gopi Sara teamed up to launch OneMRI, a preventative care company that offers whole-body MRI scans.

The world’s largest cryptocurrency appeared to be hit by poor inflation data and cooled government interest.

Trading was briefly halted for the Peter Thiel-backed crypto exchange as shares rallied well above its IPO price.