Business
Sunpower Group to buy stakes in two China thermal energy projects
It will take 15% equity interest in Xinneng Thermal Power, and the remaining interest in Changshu Thermal Power that it does not own…
Section
Business
Business
MVNOs face consolidation threat in 2026, say analysts
With the Simba-M1 merger, mobile virtual network operators could lose bargaining power and thus may have to tie up or exit Mobile virtual…
Business
Mobile virtual network operators face consolidation threat in 2026: analysts
With the Simba-M1 merger, MVNOs could lose bargaining power and thus may have to tie up or exit Mobile virtual network operators (MVNOs)…
Business
Will telco consolidation force mobile resellers to follow suit?
With the Simba-M1 merger, MVNOs could lose bargaining power and thus may have to tie up or exit Mobile virtual network operators (MVNOs)…
Business
California hammered as national job cuts jump to a five-year high
Job cuts across the country are the highest they have been in five years, led by layoffs in California and cutbacks in Washington.…
Business
Amazon opens new Germany headquarters in Munich
US online retail giant Amazon has opened a new and expanded headquarters in Germany, the company said on Thursday. After the company's…
Business
Alphabet’s TPU AI chips are a potential US$900 billion ‘secret sauce’
The success of TPU chips is a primary reason for the company’s 31% fourth-quarter share rally Alphabet investors are growing increasingly…
Business
Trump’s U-turn on fuel economy rules lifts European carmakers' shares
The Trump administration cast the change, aimed at making it easier for automakers to sell petrol-powered cars Shares of European…
Business
CapitaLand Ascott Trust, Sheng Siong Group to replace Olam Group, Yangzijiang Financial on STI reserve list
Hospitality player CapitaLand Ascott Trust and supermarket chain operator Sheng Siong Group will be joining the Straits Times Index’s…
Business
EU launches antitrust probe into Meta over use of AI in WhatsApp
Brussels has opened a new antitrust investigation into Meta Platforms over its rollout of artificial intelligence features in WhatsApp,…
Business
DayOne Data Centers seeks US$2 billion in upsized funding deal: sources
Singapore-based DayOne Data Centers is in advanced talks to raise more than US$2 billion in an upsized Series C funding round to help…
Business
HSBC’s long-term vision questioned after Nelson appointment
Nelson’s elevation comes as a surprise after HSBC’s yearlong hunt for external candidates HSBC’s appointment of Brendan Nelson as chairman…
Business
STI slips 0.4% amid fears of US economy slowdown
Across the broader market, decliners edge out gainers 259 to 256 after nearly 1.6 billion securities worth S$1.3 billion change hands The…
Business
Cambricon aims to triple chip output to replace Nvidia in China
The company is preparing to deliver half a million artificial intelligence accelerators in 2026 Cambricon Technologies plans to more than…
Business
Singapore: 33-Year-Old Man to be Charged for Allegedly Running Unlicensed Cross-Border Money Transfer Business
A 33-year-old man is set to be charged on Thursday, December 4, for allegedly operating an unlicensed cross-border money transfer…
Business
AI-generated footage falsely linked to Ethiopian volcanic eruption
A volcano in northeastern Ethiopia erupted for the first time in almost 12,000 years in November 2025, but a dramatic video of smoke and…
Business
Hepmil founders chose Publicis acquisition over fresh funding round, citing M&A risks
Karl Mak, the startup’s CEO and co-founder, says the team was not confident of executing its own M&A deals While planning for its next…
Business
Rio Tinto outlines plan to cut costs, raise productivity at strategy day
Rio Tinto CEO Simon Trott outlined a plan to focus on cost cuts and productivity gains at his first strategy day on Thursday (Dec 4) as he…
Business
India central bank to tolerate weaker rupee as inflows dry up
India’s central bank will tolerate a weaker rupee as the country’s external sector confronts multiple headwinds including a wider trade…
Business
Data centres are expensive. Reits are ‘powerful tools’ to raise capital - and Singapore benefits
Data centres are expensive - to construct and to operate, as they are also power-guzzling. Amid the AI boom, as demand from hyperscalers…
Business
Reits are emerging as ‘powerful tools’ to fund rocketing data centre costs – Singapore benefits
Data centres are projected to need a US$6.7 trillion investment globally to keep up with compute power demand by 2030 Data centres are…
Business
Data centres are expensive. Reits are ‘powerful tools’ to raise capital - and Singapore is benefiting
Data centres are projected to need US$6.7 trillion in global investments to keep up with computing power demand by 2030 Data centres are…
Business
SGX not exploring or considering bid for Cboe Australia
Singapore Exchange said it’s not considering buying Cboe Global Markets’ Australian unit, refuting an earlier Australian Financial Review…
Business
Machine Learning Platforms Generate Millions in Revenue for Financial Services Firm
"The financial services sector stands at an inflection point where artificial intelligence transitions from experimental curiosity to…