Culture
US weighs quantum computing boost in effort to counter China
The effort shows how far the administration is willing to take its mandate to combat the rise of geopolitical rivals such as the Asian nation [NEW YORK] The Trump...
Keppel DC Reit’s 9-month distributable income rises 55.5%
[SINGAPORE] Keppel DC Reit reported distributable income of S$195.3 million for the nine months ended Sep 30, up 55.5 per cent from S$125.6 million a year earlier.Its distribution per...
Intel beats third-quarter profit estimates as cost cuts, investments pay off
INTEL beat expectations for September-quarter profit as CEO Lip-Bu Tan’s drastic cost-cutting measures helped the chipmaker shore up its finances amid a slew of high-profile investments in the company.Shares...
Blackstone profits soar but lower rates bring scrutiny to credit
The US$1.2 trillion firm is a giant non-bank lender in its own right, with credit dominating flows in the third quarter[NEW YORK] Blackstone sent the strongest signal yet that...
Apple begins shipping AI servers from Houston factory
[SAN FRANCISCO] Apple has started shipping artificial intelligence servers built in a factory in Houston, it said on Thursday, part of the company’s plans to invest US$600 billion in the...
Apple loses landmark UK lawsuit over app store commissions
[LONDON] Apple abused its dominant position by charging app developers unfair commissions, a London tribunal ruled on Thursday, in a blow which could leave the US tech company on the...
Binance founder Zhao wins Trump pardon in latest clemency
The pardon has been widely anticipated by friends, associates and the cryptocurrency industry at large[WASHINGTON] Binance co-founder Zhao Changpeng has received a pardon from US President Donald Trump, one...
Target to eliminate 1,800 roles, 8% of headquarters team
[CHICAGO] Target is eliminating about 8 per cent of corporate roles in its first major restructuring in years, according to a memo viewed by Bloomberg News, as the retailer...
Putin defiant after Trump sanctions Russian oil majors over Ukraine
[MOSCOW] Russian President Vladimir Putin remained defiant on Thursday after US President Donald Trump hit Russia’s two biggest oil companies with sanctions to pressure the Kremlin leader to end the war...
Applied Materials to cut 4% of global staff after sales slow
[SAN FRANCISCO] Applied Materials, the largest US producer of chipmaking equipment, plans to cut 4 per cent of its global workforce as it copes with a sales slowdown and...
