Business
Meta to pay $17 billion, overhaul Facebook and Instagram in teen addiction settlement
Meta agreed to pay up to $17 billion and make changes to its Facebook and Instagram platforms as part of a landmark settlement to resolve…
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Business
A RM11 billion takeover battle is testing Malay economic clout. Malaysia PM Anwar now holds all the cards
Malaysian Prime Minister Anwar Ibrahim holds the fate of Sunway’s RM11 billion (S$3.5 billion) takeover bid of IJM in his hands, as racial…
Business
Binance Denies Sanctions Breach Claims After $1 Billion Iran-Linked USDT Transactions Reported
Binance is forcefully rejecting allegations that its internal investigators uncovered more than $1 billion in Iran-linked transactions and…
Business
CVC to sell personal care business FineToday to Bain Capital in 200 billion yen deal: source
The sale comes a few months after FineToday’s second attempt to list on the Tokyo Stock Exchange failed in October Private equity firm CVC…
Business
Oracle plans to raise US$45 billion to US$50 billion in 2026
LE expects to raise US$45 billion to US$50 billion in 2026 to build additional capacity for its cloud infrastructure, the software company…
Business
China’s Eastroc beverage seeks up to HK$10 billion from Hong Kong listing
Chinese energy-drink maker Eastroc Beverage Group has started taking investor orders for its second listing in Hong Kong that may fetch as…
Business
China deepens probe into Meta’s landmark US$2 billion buyout of Singapore-based Manus
ING is deepening an investigation into Meta Platforms’ US$2 billion acquisition of Chinese-founded artificial intelligence (AI) startup…
Politics
Watch Trump Try to Defend $1 Billion Price Tag on His “Board of Peace”
Earlier this month, the Department of Health and Human Services cut off $10 billion in funding for social services such as childcare and…
Business
Anduril to invest another $1 billion in California with new Long Beach campus
Anduril Industries, one of the leading defense companies in Southern California, will expand in Long Beach with a new $1-billion complex…
Business
Prudential pays RM1.5 billion to raise stake in Malaysia unit to 70%
The insurer currently holds a 51% interest while local partner Detik Ria owns the rest Prudential will pay RM1.5 billion (S$483 million)…
Business
UOB’s Sydney branch prices A$2 billion in five-year notes
They comprise A$750 million in floating-rate notes and A$1.25 billion in fixed-rate notes UOB’s Sydney branch has priced a combined A$2…
Business
Zurich Insurance offers US$10 billion to buy UK insurer Beazley
Swiss insurance company Zurich Insurance Group has raised its offer to buy rival speciality insurer Beazley to 1,280 pence (S$22.016) per…
Business
HSBC on course for £300 billion valuation, top executive says
Weeks after its market value rose above £200 billion (S$344.6 billion) for the first time in its history, HSBC Holdings is now on course…
Business
Thailand approves US$2 billion PCB manufacturing investment by joint venture
Thailand’s investment board said on Monday (Jan 19) it had approved an investment worth US$2.08 billion by a joint venture led by Taiwan’s…
Business
China’s aluminium output hits record, steel below one billion tonnes
CHINESE aluminium output rose to an all-time high last year, climbing above the country’s capacity limit, while steel fell to a seven-year…
Business
Micron to buy Taiwan chip fabrication site for US$1.8 billion
The investment is part of Micron’s global expansion as it seeks to meet continued demand for memory chips Micron Technology has signed a…
Business
Musk seeks up to US$134 billion damages from OpenAI, Microsoft
ELON Musk wants OpenAI and Microsoft to pay him damages in the range of US$79 billion to US$134 billion over his claims that the…
Business
Mitsubishi to buy Texas, Louisiana shale gas assets for US$7.5 billion
This will give it a substantial natural gas operation near the US Gulf Coast and the energy export facilities developed there Japanese…
News
EU Commission unveils plans to support Ukraine with €90 billion
European Commission President Ursula von der Leyen unveiled on Wednesday details on how the European Union is to support Ukraine with €90…
Business
QXO secures US$1.8 billion financing led by Temasek, Apollo amid building products consolidation
[GREENWICH, Connecticut] Billionaire Brad Jacobs’ QXO said it has secured an additional US$1.8 billion in financing, led by Singapore’s…
Business
Iran Used $2 Billion in Crypto to Run Its Militant Proxies in 2025
crypto scam, india scam. Photo by BeInCrypto Iran’s Islamic Revolutionary Guard Corps (IRGC) transacted more than $2 billion in…
Business
This $4 Billion Bridge Could Connect Asia And Africa In A Meaningful Way
For several decades, Egypt and Saudi Arabia have considered physically connecting their two countries using a massive sea bridge. The…
Business
SoftBank has completed its US$40 billion investment in OpenAI
It has been building one of the largest private technology investment programmes in the world, with a particular focus on AI and related…
Business
SoftBank to buy DigitalBridge in US$4 billion deal to bolster AI infrastructure push
The investment firm funds digital infrastructure sectors such as data centres, cell towers, fibre networks and others SoftBank will…