Culture
Big Tech’s fortunes diverge as AI powers cloud, tariffs hit consumer electronics
The fortunes of Big Tech are diverging in a rapidly changing business landscape, as demand for artificial intelligence fuels growth in…
Section
Culture
Culture
BYD breaks ground on Cambodia EV plant as part of global expansion
CHINESE carmaker BYD has broken ground on a US$32 million passenger electric vehicle (EV) plant in Cambodia, marking its latest move to…
Culture
Tesla sales sink again in France, Denmark amid anti-Musk protests
Tesla sales fell in France for a fourth straight month in April and also dropped in Denmark, data showed on Thursday (May 1), the latest…
Culture
Nio delivers 53% more vehicles in April following Firefly brand launch
The EV maker officially launched its lower-priced Firefly brand in China on Apr 19, with plans to gradually reach global markets Chinese…
Culture
An investor’s guide to navigating the Australian election
THE outcome of Australia’s tight federal election could be the next catalyst for local assets as a tariff standoff between the US and…
Culture
A month after Trump’s tariff madness, shockwaves still being felt around the world
If US President Donald Trump’s sole intention was to tank the US economy, he could not have done a more efficient job of it than his…
Culture
Telegram weighs US$2 billion bond sale to refinance 2021 debt
[DUBAI/LONDON] Telegram is holding investor meetings about a bond sale worth about US$2 billion as the social media app seeks to refinance…
Culture
Indonesia plans 10 GW nuclear power in major renewable energy push, presidential aide says
Indonesia plans a major expansion in renewable energy by 2040, including the introduction of 10 gigawatts (GW) of nuclear power, and…
Culture
Tesla board opened search for a CEO to succeed Elon Musk: report
Tesla board members about a month ago reached out to several executive search firms to find a successor for CEO Elon Musk, The Wall Street…
Culture
Uber Mideast unit delivers gold coins to doorsteps in Dubai
Dubai residents can now have 24-carat gold coins delivered to their homes in less than an hour as super app Careem targets millions of…
Culture
Couche-Tard clinches deal to deepen Seven & i Takeover talks
Alimentation Couche-Tard and Seven & i Holdings have signed a non-disclosure agreement that will give the Canadian company access to the…
Culture
Ripple offered to buy stablecoin rival Circle for up to US$5 Billion
The offer comes as crypto dealmaking accelerates following a run-up in digital-token values, which has spurred several players to ramp up…
Culture
Microsoft posts strong results fuelled by cloud sales growth
Microsoft reported stronger-than-expected quarterly sales and profit growth, suggesting customer demand for cloud services has held steady…
Culture
Europe: Stoxx 600 clocks second consecutive monthly loss hit by tariff woes
European shares closed higher in a volatile session on Wednesday (Apr 30) as investors assessed key data around the world and corporate…
Culture
Trump should revise rules for AI chip exports, says Nvidia CEO
Huang says policies and support from the administration are crucial to accelerating the global diffusion of American AI technology Nvidia…
Culture
Morgan Stanley offers private equity fund to wider swath of millionaires
Morgan Stanley is launching a private equity fund for its widest audience yet – investors wielding a few million US dollars – as asset…
Culture
TikTok plans to build 1b euro data centre in Finland
TikTok plans to invest 1 billion euros (S$1.48 billion) to build its first data centre in Finland as it moves data storage for European…
Culture
US: Wall Street tumbles at the open as US economy contracts in first quarter
Wall Street’s main indexes opened sharply lower on Wednesday (Apr 30) after data showed the world’s largest economy contracted in the…
Culture
Miu Miu’s momentum powers Prada sales growth
Net revenues at Italian luxury group Prada rose 12.5 per cent at constant exchange rates in the first quarter, slightly above analysts…
Culture
Jardine C&C reports lower contributions across most business units in Q1 2025
Recent global trade tensions have created an uncertain macroeconomic environment and the company is cautious of the knock-on effects…
Culture
Elite UK Reit posts 10.2% rise in Q1 2025 distributable income to £4.8 million
The manager of Elite UK real estate investment trust (Reit), announced a 10.2 per cent year-on-year increase in distributable income to…
Culture
Sasseur Reit CEO Cecilia Tan steps down
Cecilia Tan, chief executive officer at Sasseur Asset Management, manager of Sasseur Real Estate Investment Trust (Reit), will be stepping…
Culture
Maybank names Shafiq Abdul Jabbar as new group chief financial officer
He takes over from Khalijah Ismail, who was dismissed by the bank earlier this year following an internal inquiry Maybank has appointed…
Culture
CapitaLand Investment total revenue falls 24% to S$496 million in Q1
CapitaLand Investment (CLI) reported a total revenue of S$496 million for the first quarter ended Mar 31, down 24 per cent from S$650…