Culture
Emirates airline group announces record US$6.2 billion gross profit
The 18% rise in profit, slimmed to US$5.6 billion after the UAE’s recently introduced corporate tax Dubai’s Emirates Group, which includes…
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Billion
Culture
Geely plans bid to take Zeekr private at value of US$6.4 billion
The proposal would see Geely buy all shares in US-listed Zeekr Intelligent Technology Holding that it does not already own for US$2.566…
News
WeightWatchers Files for Bankruptcy to Reduce $1 Billion in Debt
WeightWatchers, a 62-year-old health and wellness company that has faced stiff competition from new weight-loss drugs and programs, filed…
Culture
DoorDash agrees to buy Deliveroo in US$3.9 billion deal
DoorDash has agreed to buy UK-based food-delivery platform Deliveroo for an equity value of about US$3.9 billion, as the US company pushes…
Culture
Wall Street banks said to steer clear of Chery’s US$1.5 billion Hong Kong IPO
One of this year’s biggest listings is coming together in Hong Kong without the involvement of Wall Street banks. Chery Automobile’s…
News
Ford Says Tariffs Will Cost Company $1.5 Billion in 2025
Ford Motor said on Monday that the Trump administration’s tariff policies were likely to lower its 2025 profit, before interest and taxes,…
Culture
Ford pulls guidance, warns it will take US$1.5 billion hit from Trump’s tariffs
Ford Motor suspended its annual guidance on Monday because of uncertainty around US President Donald Trump’s tariffs, saying the levies…
Culture
Saudi Arabia reports first-quarter deficit of US$15.65 billion
Declining oil prices and voluntary production cuts have weighed on Saudi revenue in recent years Saudi Arabia’s deficit widened…
Culture
Netflix co-CEO says India investment has had US$2 billion impact
The world’s largest video streaming platform has been consolidating its position as a premium service in the US$28 billion Indian media…
News
Trump Proposes $163 Billion in Cuts Across Government in New Budget
President Trump on Friday proposed slashing $163 billion in federal spending next fiscal year, a drastic retrenchment in the role and…
Culture
GM slashes guidance with up to US$5 billion hit from tariffs
General Motors cut its full-year profit outlook citing as much as US$5 billion of exposure to auto tariffs, among the biggest financial…
Culture
Trump-linked stablecoin used for Abu Dhabi’s US$2 billion Binance deal
World Liberty Financial, the Trump family’s decentralised finance project, said its new stablecoin is being used for a US$2 billion…
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
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
Chinese sovereign fund CIC to sell US$1 billion of US private equity investments: sources
Chinese sovereign investor China Investment Corporation (CIC) is selling about US$1 billion of its private equity (PE) investment…
Culture
Volvo Cars to cut costs by 18 billion Swedish crowns as earnings drop
Sweden-based Volvo Cars launched cost cuts of 18 billion Swedish crowns (S$2.4 billion) on Tuesday (Apr 29) as its operating profit fell…
Business
Brazil's government aims to raise $2 billion in financing with new Eco Invest auction
By Bernardo Caram BRASILIA (Reuters) - The government of President Luiz Inácio Lula da Silva expects to raise $2 billion in financing for…
Culture
China’s Sinopec partners with Saudi Aramco’s unit in 28.8 billion yuan JV
China’s state-run Sinopec said on Monday (Apr 28) it had signed an agreement with a unit of Saudi Aramco to establish a joint venture…
Culture
ST Engineering wins new contracts worth S$4.4 billion for Q1 2025
ST Engineering announced on Monday (Apr 28) that it secured new contracts valued at approximately S$4.4 billion in the first quarter of…
Culture
Elon Musk’s XAI Holdings is in discussions to raise US$20 billion
Elon Musk’s XAI Holdings is in talks with investors to raise roughly US$20 billion in funding for his newly combined artificial…
Culture
US pharma tariffs would raise US drug costs by US$51 billion annually, report finds
A 25 per cent US tariff on pharmaceutical imports would increase US drug costs by nearly US$51 billion annually, boosting US prices by as…
Culture
Tencent Music in talks to buy Ximalaya for US$2.4 billion
Tencent Music Entertainment Group is in advanced talks to buy Chinese podcasting startup Ximalaya in a US$2.4 billion deal that would…
Culture
Toyota chairman proposes record buyout of its supplier at US$42 billion valuation
Toyota Motor chairman Akio Toyoda has proposed a buyout of supplier Toyota Industries, people familiar with the matter said, seeking to…
Culture
Apple plans US$500 billion in US investment, 20,000 research jobs in next four years
APPLE said on Monday (Feb 24) it would spend US$500 billion in US investments in the next four years that will include a giant factory in…