Business
Disney invests $1 billion in OpenAI, licenses Mickey Mouse to Sora AI platform
OpenAI said Thursday it reached a licensing deal with the Walt Disney Co. to use more than 200 popular Disney characters including Mickey…
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Business
Business
Nissan, Wayve agree to co-develop AI-based Pro-Pilot
Nissan Motor announced it has signed “definitive agreements” allowing it to collaborate with UK-based Wayve Technologies on integrating…
Business
Singtel hit with S$1 million fine for 2024 voice disruption
The incident on Oct 8 last year affected more than 500,000 users for more than four hours The Infocomm and Media Development Authority…
Business
Li Ka-shing’s US$19 billion ports sale slows due to complex talks
CK Hutchison has said that it would not proceed with a transaction that did not have the approval of all relevant authorities Hong Kong…
Business
Big tech bets big on AI - but can India keep pace in the global race?
India is a hedge against the global AI bubble, some experts say This week, tech giants Amazon and Microsoft pledged an eye-popping…
Business
Coca-Cola names insider Henrique Braun as new CEO
COCA-COLA on Wednesday named insider Henrique Braun as its new CEO, replacing James Quincey, as packaged food companies try to adjust…
Business
Major airline narrowly avoids strike, will restart canceled flights
Around since 1986 and the fourth-largest airline in Canada by passengers carried, Montreal-based Air Transat has been teetering…
Business
Musk’s fortune would more than double on US$1.5 trillion SpaceX
Musk’s path to becoming a trillionaire, whether it is through Tesla or SpaceX, is not without challenges The richest man in the world…
Business
Ever Glory to offer 2 million new shares at S$0.64 each ahead of proposed transfer to mainboard
It will raise around S$1.2 million in net proceeds if the offer is fully subscribed As part of its proposed transfer to the Singapore…
Business
Asian utilities slow to confront climate risk
ASIA might need to grow up when it comes to protecting its power sector against climate-related loss and damage, a new report has…
Business
This Dutch train startup is launching with €10 tickets from Amsterdam to Berlin
Dubbed the ‘easyJet of the railways,’ Dutch startup GoVolta is trying to tempt passengers in with cheap train tickets when it launches in…
Business
Gold edges lower as dollar climbs to near one-week high ahead of Fed verdict
Gold inched lower on Wednesday (Dec 10), as the dollar rose after a US jobs report indicated a stronger-than-expected labour market,…
Business
Beloved Ancient Chinese Cats Were Wilder Than Once Thought
The precise origins of domesticated cats have puzzled generations of scientists. Recently, genetic analysis pinpointed North African…
Business
SpaceX to pursue 2026 IPO raising far above US$30 billion
SpaceX is moving ahead with plans for an initial public offering (IPO) that would seek to raise significantly more than US$30 billion,…
Business
If You Can’t Budget Marketing, Don’t Start
I’ve scaled brands from zero to millions, and I’ve seen the same painful mistake repeat. Companies try to buy growth before they’ve earned…
Business
Agentic AI in healthcare holds opportunity for European players to arise
Europe currently has a strong opportunity to become a key global player in agentic artificial intelligence (agentic AI) and its deployment…
Business
LMIRT launches rights issue to raise S$63 million
Most of the proceeds will go towards paying off loans; some of it will be used for general working capital Lippo Malls Indonesia Retail…
Business
Novartis strikes deal with UK biotech for up to US$1.7 billion
Novartis is on a deal spree this year, including the US$12 billion acquisition of Avidity Biosciences Novartis will pay UK biotech…
Business
BHP strikes US$2 billion funding deal with GIP for iron ore power network
The two firms will form an entity in which BHP will hold a 51% stake and GIP the remaining 49% stake BHP Group said on Tuesday (Dec 8)…
Business
Red Sox urged to sign Yankees reliever after down year: insider
The Boston Red Sox have addressed their starting rotation needs, but they could also target a reliever from a division rival. The Red Sox…
Business
Granite Asia raises US$350 million for fund backed by Temasek, Khazanah, INA
Asia’s private credit market is projected to grow 46% to US$92 billion by 2027, according to a report. Granite Asia, a Singapore-based…
Business
Moody’s downgrades Genting Bhd and two subsidiaries
Move reflects Malaysian giant’s ‘already-weak position’ due to prolonged deleveraging amid slow earnings recovery, says ratings agency…
Business
Private credit, core-plus infrastructure could offer ‘good risk-reward’ in 2026: Temasek CEO
Private credit and core-plus infrastructure assets could put investors looking to diversify from equities in a “good risk-reward” position…
Business
Rheinmetall gets Bundeswehr's multimillion order for tank munitions
Germany's major arms and ammunitions manufacturer Rheinmetall received a multimillion-euro order from the German Armed Forces or…