Culture
UPS to ground 9% of its airline fleet after plane crash
UNITED Parcel Service said it will ground its McDonnell Douglas MD-11 planes, accounting for about 9 per cent of its fleet, after a crash this week.“Out of an abundance...
Indonesia plans a bill to redenominate rupiah currency
[JAKARTA] Indonesia’s finance ministry said it is planning a new bill to redenominate the rupiah in an effort to improve economic efficiency, maintain stability and improve the currency’s credibility.“The...
Metsera accepts Pfizer’s US$10 billion bid in ongoing M&A battle
OBESITY drug developer Metsera said on Friday that it had accepted Pfizer’s US$10 billion acquisition offer, in what could spell the end of a bidding war between the New...
OpenAI asks US to expand chips tax credit to AI data centres
OPENAI has asked the Trump administration to revamp a Chips Act tax credit to help lower the cost of artificial intelligence infrastructure, as the startup explores additional ways the...
Asian firms divided on Chinese AI as geopolitics bite
When Kien Ta pitched an AI solution to a Japanese healthcare firm, he suggested they use Qwen. Ta, the vice president of Vietnam-based software firm Rabiloo, thought that Alibaba’s open-source model was...
US warns it could force 20% flight cuts if shutdown continues
[WASHINGTON] US Transportation Secretary Sean Duffy warned on Friday he could force airlines to cut up to 20 per cent of flights if the government shutdown did not end,...
EV maker Rivian gives CEO a Musk-style pay package worth up to US$4.6 billion
EV MAKER Rivian on Friday said it was giving its CEO a pay plan worth as much as US$4.6 billion over the next decade, a deal similar to Tesla’s...
US Justice Department probes meatpackers for price manipulation, collusion
[WASHINGTON] The US is investigating meatpacking companies, the attorney general said on Friday, after President Donald Trump accused the companies of using price manipulation and collusion to drive up...
France moves to suspend Shein website amid sex doll probe
THE French government said on Wednesday it would suspend the Shein digital platform until the Asian e-commerce giant complied with French legislation, as controversy swirled over the online sale...
US: Wall Street ends mixed on signs of shutdown progress
[NEW YORK] The Nasdaq closed lower but the S&P 500 and the Dow eked out late-session gains on Friday as investors turned the page on a roller-coaster week with...
