Business
ByteDance plans US$20 billion capex in 2025, mostly on AI: sources
BYTEDANCE, the Chinese owner of TikTok, has earmarked over 150 billion yuan (S$27.9 billion) in capital expenditure for this year, much of…
Swedan Margen
Swedan Margen contributes to L'Officiel Lifestyle with a focus on business and entrepreneurship.
Swedan covers business developments, emerging companies, entrepreneurial stories, and trends influencing industries and the broader economy.
The goal is to bring readers accessible coverage of business stories while highlighting developments, ideas, and opportunities shaping the marketplace.
Business · Entrepreneurship · Companies · Industry Trends · Innovation
Business
AI spending is set to grow in 2025: report
ARTIFICIAL intelligence (AI) adoption is set to rise as most companies expect to ramp up spending on the technology in their next fiscal…
News
Asian oil refiners mull run cuts, closures as crude costs soar
A SURGE in the cost of physical crude cargoes as China and India rush to replace Russian flows is prompting refiners in other parts of…
Business
Hyundai Motor forecasts slowing revenue growth in 2025 after Q4 miss
SOUTH Korea’s Hyundai Motor expected on Thursday (Jan 23) its 2025 sales growth would halve due to softening vehicle demand and rising…
Business
Hyundai Motor nears GM tie-up deal; sees revenue growth slowing in 2025
SOUTH Korea’s Hyundai Motor said on Thursday (Jan 23) it is in talks with General Motors to supply commercial electric vehicles to its US…
News
Sembcorp launches short-term mobile solar farm at PSA’s Keppel Terminal
For three years, the renewable energy generated from the farm will be channelled to the national grid A new 18 megawatt-peak ground-mount…
Business
SoftBank, OpenAI plan US$19 billion each for Stargate: report
SOFTBANK Group and OpenAI each plan to commit US$19 billion of capital to Stargate, the US$100 billion US artificial intelligence (AI)…
Business
Barclays sees heightened competition in India from Japan banks
A RENEWED push by Japan’s biggest banks and other global lenders in India is driving down loan prices with the new players having more…
Business
JPMorgan, Goldman CEOs resist calls to roll back DEI programmes
JPMORGAN Chase and Goldman Sachs are pushing back on demands to roll back their diversity initiatives. In television appearances on…
Business
Ley Choon surges 15% as investors positive on construction upturn
SHARES of construction and engineering company Ley Choon jumped on Thursday (Jan 23) morning, after The Business Times reported that the…
Business
Singapore shares rise at Thursday’s open; STI up 0.6%
SINGAPORE shares started trading in positive territory on Thursday (Jan 23) morning, mirroring overnight gains in global markets. As at…
Business
Singapore stocks close higher on Thursday as inflation eases; STI up 0.7%
SINGAPORE stocks ended higher on Thursday (Jan 23), after the Republic reported that full-year inflation in 2024 came in at 2.4 per cent.…
Business
Ascott bags 16 new signings under Oakwood portfolio to tap growing ‘bleisure’ market
ASCOTT, the wholly owned lodging business unit of CapitaLand Investment, has secured 16 new signings under the Oakwood brand in 2024, up…
Business
Microsoft poised to benefit from Stargate joint venture with zero money
WHEN President Donald Trump joined tech executives on Tuesday (Jan 21) to tout a multibillion-dollar artificial intelligence (AI) project…
Business
KKR combines US$157 billion infrastructure, real estate businesses
KKR is moving its infrastructure and real estate assets under the same leadership as it looks to capitalise on converging opportunities…
News
Samsung to beat Apple to ultrathin phone with Galaxy S25 Edge
SAMSUNG Electronics plans to launch an ultrathin version of its Galaxy S25 phone in the first half of this year, beating Apple to a…
News
Imani Perry on Experimental Histories of Black Life
Imani Perry teaches at Harvard and is the author of “South to America,” a genre-mixing exploration of the American South, and, most…
Business
OpenAI, Oracle and Softbank team up on multibillion-dollar AI project
President Trump on Tuesday announced that OpenAI, Oracle and Softbank are partnering on a venture to direct more than $100 billion toward…
Politics
Mariann Budde: Woke DC Bishop Responds after Trump Slams Her but She Wants One-On-One Meeting in Response to President's Demand for Apology
The woke DC bishop who criticized Donald Trump during his inauguration sermon on Monday has finally responded to the President calling her…
Politics
Trump Faces Legal Pushback Over Birthright Citizenship Order, 22 states File Lawsuits
President Donald Trump's executive order to end birthright citizenship has sparked major legal challenges. Attorneys general from 18…
Politics
US Gun Violence Prevention Website Taken Down; Visitors Being Redirected to 404 Error Message
The website for the Office of Gun Violence Prevention, previously hosted on the White House site, is now offline. Visitors attempting to…
News
The Best Books We Read This Week
Our editors and critics review notable new fiction, nonfiction, and poetry. Source link
Business
US: Wall St opens higher after Netflix results, Trump's AI investment plans
Wall Street’s main indexes opened higher on Wednesday (Jan 22), with the benchmark S&P 500 just shy of a record high, as investors cheered…
Business
Mapletree Industrial Trust posts 1.5% rise in Q3 DPU to S$0.0341
THE distribution per unit (DPU) for Mapletree Industrial Trust (MIT) rose 1.5 per cent to S$0.0341 for its third quarter ended Dec 31,…