Business
Amazon’s AWS to invest US$11 billion in Georgia to boost AI infrastructure development
AMAZON.COM said on Tuesday (Jan 7) that its cloud computing division, Amazon Web Services (AWS), plans to invest about US$11 billion to…
Section
Business
Business
Gold flat as US yields, dollar rise on strong data
GOLD prices were flat on Wednesday (Jan 8), pressured by higher yields and a stronger dollar after US data suggested the Federal Reserve…
Business
JPMorgan quits climate finance group, following Citi, Bank of America
JPMORGAN Chase just became the last of Wall Street’s biggest banks to abandon the industry’s largest climate-finance alliance. The No 1 US…
Business
Cordlife’s Teo Tong Kooi resigns as chairman; Zhai Lingyun steps up
EMBATTLED cord-blood bank Cordlife Group announced on Wednesday (Jan 8) that Zhai Lingyun, the company’s non-independent non-executive…
Business
China’s richest regions cut electricity prices to protect industries
MORE Chinese regions are cutting electricity prices to help out their embattled industries, which is likely to worsen the squeeze on…
Business
Facebook Shifts Content Moderation to Its Users. Are You Ready?
Meta would like to introduce its next fact-checker — the one who will spot falsehoods, pen convincing corrections and warn others about…
Business
STI ends up 1.5%; banks, Yangzijiang Shipbuilding lead gains
SINGAPORE shares ended higher on Wednesday (Jan 8), led by gains in the local banks and Yangzijiang Shipbuilding. The Straits Times Index…
Business
ExxonMobil signals weaker performance across the board to hurt Q4 profits
EXXONMOBIL signalled on Tuesday that sharply lower oil refining profits and weakness across all its businesses would reduce its…
Business
Hong Kong banks hoard record piles of cash as economy sputters
HONG Kong banks are hoarding cash and liquidity despite calls by the government to help out struggling small businesses with funding to…
Business
Stoneweg E-Reit’s portfolio value inches up 0.3% in H2 2024
STONEWEG European Real Estate Investment Trust’s (Stoneweg E-Reit) portfolio valuations crept up 0.3 per cent for the second half of the…
Business
Samsung Q4 profit outlook misses estimates by large margin as chip issues drag
SAMSUNG Electronics released on Wednesday a fourth-quarter operating profit estimate that missed analyst estimates by a large margin, as…
Business
Stocks to watch: SingPost, Centurion, Stoneweg E-Reit
THE following companies saw new developments that may affect trading of their securities on Wednesday (Jan 8): Source link
Business
TVs get smarter as makers cater to AI lifestyles
DAZZLING televisions that routinely star at the Consumer Electronics Show that opened in Las Vegas on Tuesday (Jan 7) are getting ever…
Business
US blacklist of China’s tech giants risks faster decoupling
THE US’s latest move to expand its list of Chinese military companies risks doing more than tanking the shares of some of its most…
Business
Panasonic teams up with Anthropic, aims for 30% of sales from AI
PANASONIC Holdings will embrace artificial intelligence (AI) technology across its hardware and software businesses and team up with…
Business
Toyota invests $44.4M in private Japanese spaceflight company
Toyota Motor Corporation Chairman Akio Toyoda announces the automaker's $44.4 million investment in private space technology during the…
Business
How a Businessman Fleeing Fraud Charges Built a Life Offshore
Around midday on Feb. 2, a large wave began its slow rumble toward the Aisland 1, an 800-ton deck barge floating in the waters between…
Business
Meta Drops Rules Protecting LGBTQ Community as Part of Content Moderation Overhaul
For years, social media companies made it a top priority to combat hate speech. But in recent months, they have waffled over how to tackle…
Business
Companies should do away with having an executive chairman
The individual might get too involved in the group’s operations, and the staff could be torn between potentially competing centres of…
Business
Mark Zuckerberg Says Meta Fact-Checkers Were the Problem. Fact-Checkers Rule That False.
Mark Zuckerberg, Meta’s chief executive, blamed the company’s fact-checking partners for some of Facebook’s moderation issues, saying in a…
Business
Amazon Beats Disney, Paramount, and Netflix in $40M Bid for Melania Trump Documentary Deal
Amazon has reportedly acquired the rights to a documentary about Melania Trump, directed by Brett Ratner, for an impressive $40 million.…
Business
Do It In 7 Steps: Your Quick Guide to Starting a Business in 2024
Thinking about starting a business in 2024? You’re in the right place. This guide will walk you through the seven steps you need to kick…
Business
Parasitic "vampire" fish numbers surge in Lake Superior
A recent report by the Great Lakes Fishery Commission (GLFC) revealed that populations of parasitic sea lampreys in Lake Superior have…
Business
Behind Disney’s Deal to Merge Hulu + Live TV and Fubo
Just a week into 2025, the media industry got its first consequential transaction: The Walt Disney Company is buying 70 percent of Fubo,…