Uber rival Grab to nab $2.5 billion in fresh funds — partly from Uber’s biggest nemesis

Grab anticipates raising an additional $500 million, which would bring the total to about $2.5 billion. It said this was the largest single financing in Southeast Asia. Grab did not disclose valuation, but Reuters cited a source close to the company and said it will...

IMF: The rest of the world is picking up the economic slack as US looks weaker

Despite cutting the economic growth outlook for the U.S. and U.K., the International Monetary Fund kept its global growth forecast unchanged on expectations the euro zone and Japanese growth would accelerate. In the July update of its World Economic Outlook, the IMF...

China reportedly threatens Vietnam into ending energy exploration in South China Sea

Vietnam stopped a company from exploring for energy in contested waters of the South China Sea after taking threats from Beijing, the BBC reported early on Monday. Talisman-Vietnam, a subsidiary of Spanish energy firm Repsol, commenced gas-drilling operations in an...

China may face a brain drain as VPN crackdown creates ‘unthinkable’ trial by firewall

Like most academics, biology ­researcher Dr Jose Pastor-Pareja relies heavily on Google’s search engine, using it “every 10 minutes”, he says. But access to this resource is not guaranteed as he works at Tsinghua University in China – where...