Culture
Siemens Energy bets on ammonia, fuel flexibility to future-proof Asia’s power systems
The energy technology provider sets 2030 target for 100% hydrogen and ammonia-capable turbines [FINSPANG, Sweden] Fuel flexibility, especially the ability to burn clean fuels such as hydrogen and ammonia...
AI jobs shock is coming and firms aren’t ready: Klarna CEO
The CEO sees the AI boom spelling the end to what he calls “excess profits” in both the banking and software industries[LONDON] From technology firms to translators, the world...
GIC, Carlyle-backed chemicals firm Nouryon shelves US$5.8 billion loan amid investor unease
Moody’s cuts Nouryon’s Q4 estimates amid macro uncertainty and weak demand in construction markets[AMSTERDAM] Speciality chemicals producer Nouryon has withdrawn a dual-currency leveraged loan deal worth around US$5.8 billion...
Thai stock exchange mulls relaxing rules to boost market liquidity and new listings
SET expects a stronger, more stable government after elections to implement effective economic policies[BANGKOK] The Stock Exchange of Thailand (SET) is considering easing some of its rules to boost...
Hong Kongers rush to sell family jewels as gold glitters
[HONG KONG] Hong Kong residents rushed to sell everything from gold bars to rings this week, with people weighing family jewels and counting stacks of money as they scrambled...
Delta electronics shares slump in Bangkok due to exchange curbs
The stock has more than tripled in price from its April low, boosted by optimism over its role as maker of components for artificial-intelligence data centres[BANGKOK] Delta Electronics (Thailand)...
China ramps up rare earth restrictions, in move to beef up position for US trade talks
Both countries have traded tit-for-tat moves since Trump announced tariffs in April[BEIJING] China has tightened its grip on rare earths, extending export controls beyond its borders for the first...
Asia: Markets limp into weekend as AI bubble fears grow
While some markets have hit record highs, talk is growing that valuations among some companies may have run too high[HONG KONG] Asian equities staggered into the weekend on Friday...
Thai central bank worried over disconnect as global markets soar
[BANGKOK] The disconnect between the real economy and record-high financial markets worldwide is worrying, according to the Bank of Thailand (BOT), as asset prices soar despite mounting shifts in...
Orsted axes quarter of jobs, pivots to Europe after US setbacks under Trump
[COPENHAGEN] Orsted, the world’s biggest offshore wind farm developer, will cut about 2,000 jobs by the end of 2027, a quarter of its workforce, and will focus more on...
