Culture

Weaponisation of finance over geopolitics a concern, says GIC’s CEO
[SINGAPORE] Given the shifting geopolitical landscape’s major impact on security, trade and supply chains, Singapore’s sovereign wealth fund GIC’s CEO Lim Chow Kiat is worried that this might eventually...
Nations must exercise ‘agency’ to develop AI capabilities: Josephine Teo
It is within the capacity of countries to shape the conditions to build an AI-ready society, for instance through the education system [SINGAPORE] Nations need to exercise their agency...
Xiaomi rides fan base to EV profitability faster than Tesla
China’s mature EV supply chain helps Xiaomi to reach scale without needing heavy capital[BEIJING] Xiaomi parlayed its popularity with an existing customer base to rake in orders for its...
Markets primed for possible further declines: Goldman president Waldron
The S&P 500 is down more than 3% this month, on course for its worst month since March[SINGAPORE] Goldman Sachs Group president John Waldron said markets are primed for...
Hyundai to continue investing in US after immigration raid, says CEO
This is even after its workers were detained in an immigration raid at a plant it had a stake in[SINGAPORE] Automotive giant Hyundai’s plan to invest US$26 billion into...
Hyundai’s US$26 billion investment plan in the US to continue despite immigration raid, says CEO
[SINGAPORE] Automotive giant Hyundai’s plan to invest US$26 billion in the US between 2025 to 2028 will continue as planned. This is even after its workers were detained in...
Alpina to delist on Dec 4 as court gives green light to joint privatisation by CEO, executive director and Savills Singapore
The scheme consideration comprises a payment of S$0.31 per share in cash and S$0.06 per share in cash by way of a special dividend[SINGAPORE] Integrated building services provider Alpina...
Google DeepMind to open new AI research lab in Singapore
[SINGAPORE] Google DeepMind said on Wednesday (Nov 19) it is opening a new artificial intelligence research lab in Singapore that will focus on collaboration with governments, businesses, and academic...
Asia: Markets bounce as Nvidia takes centre stage amid AI bubble fears
ASIAN investors battled on Wednesday to kickstart a recovery in equities following the latest stagger across world markets that has been caused by worries over an AI-fuelled bubble and...
English youngsters turn to AI for advice: survey
AROUND 40 per cent of young people in England turn to artificial intelligence for advice, support or company, despite many yearning for more real-life connections, new research showed on...
Warner Bros Discovery wants Paramount to raise its offer to US$30 per share, Axios reports
WARNER Bros Discovery’s board wants Paramount Skydance to sweeten its latest bid of US$23.5 per share to about US$30 apiece, Axios reported on Tuesday, citing sources familiar with the...
Bank Indonesia policy juggle makes rate moves harder to predict
The central bank has spurned market expectations at half of its 10 policy meetings so far this year[JAKARTA] Bank Indonesia’s (BI) balancing act between stability and growth has lately...