Business
Google Breaks Ties with 'Scale AI' Following Meta's Power Move as AI Data War Escalates
After Meta invested $14.3 billion to acquire a 49% stake in Scale AI, another tech giant, Google, decided to end its partnership with the…
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Business
Perennial explores Reit listings in China with ‘aggressive’ expansion in medical, eldercare sectors
Property playerPerennial Holdings is exploring real estate investment trust (Reit) listings in China – one for commercial properties and…
Business
A ‘village’ where Alzheimer’s patients move about freely: Perennial’s new care model in China
[XI’AN] Near the scenic Qinling mountains of Xi’an is a life-sized replica of a typical Chinese town. It features residential blocks, a…
Business
Fu Yu’s independent directors resign, leaving the CEO as the only director
All of Fu Yu Corporation’s independent directors have resigned, indicated bourse announcements on Sunday (Jun 15). Independent directors…
Business
Oracle's Larry Ellison Becomes World's 2nd Richest, Surpassing Zuckerberg and Bezos
Oracle co-founder and Chairman Larry Ellison has surged to the No. 2 spot on the global billionaire rankings, overtaking tech giants Mark…
Business
BT boss Kirkby expects AI to deepen job cuts, FT reports
Group chief executive Allison Kirkby said advances in artificial intelligence (AI) could deepen significant job cuts under way at the…
Business
Taiwan imposes technology export controls on Huawei, SMIC
Taiwan has blacklisted Huawei Technologies and Semiconductor Manufacturing International Corp (SMIC), dealing another major blow to the…
Business
China’s biotech moment ignites a 60% stock rally that beats AI
China’s biotechnology stocks have shaken off a four-year slump to be among the hottest performers in Asia this year and funds are tipping…
Business
Oil market, long numb to war risk, confronts weekend of worry
The past two years of escalating tensions in the Middle East have taught oil traders to be sanguine about the risk of disruption to oil…
Business
New World sells 138 Hong Kong homes at discount within hours
New World Development and its partners sold 138 apartments in a few hours at a new project after pricing the homes at a discount to lure…
Business
DBS, OCBC, UOB lead weekly buyback consideration tally
Over the five trading sessions from Jun 6 to 12, institutions were net sellers of Singapore stocks with net institutional outflow of S$80…
Business
Diversified S-Reits’ operating performance remains resilient amid market uncertainties
Diversified real estate investment trusts (Reits) hold a mixture of assets across multiple sub-sectors such as industrial, retail, office…
Business
Musk pins Tesla's comeback on robotaxis after retreat from feud
TESLA already had a lot riding on its highly anticipated robotaxi launch long before Elon Musk decided to swing a wrecking ball through…
Business
Who is Alexender Wang? 28-year-Old, 'Scale AI' CEO Chosen to Lead Meta's $14.3B 'Superintelligence' Bet
In a major move, technology giant Meta has not only acquired a 49% stake in Scale AI by investing $14.3 billion but has also recruited its…
Business
Why Amazon’s <em>Wheel of Time</em> Failed
Instead of adapting the story as it is, the writers of the now-canceled show decided they had more important things to say. Source link
Business
Wall Street Slips as Iran-Israel Conflict Sparks Oil Rally and Market Jitters
Investor enthusiasm for stocks waned on Friday as geopolitical tensions resurfaced, driving all three major U.S. indexes into the red.…
Business
Trump said Nippon-US Steel deal has resolvable national security risk
US PRESIDENT Donald Trump said on Friday (Jun 13) that concerns over national security risks posed by Nippon Steel’s US$14.9 billion bid…
Business
Trump reports tens of millions in income from crypto ventures
PRESIDENT Donald Trump filed his first public financial disclosure report of his term on Friday (Jun 13), providing what he said was the…
Business
Meta's US$14.8 billion Scale AI deal latest test of AI partnerships
Facebook owner Meta’s US$14.8 billion investment in Scale AI and hiring of the data-labeling startup’s chief executive offiecer will test…
Business
Trump Media's registration for bitcoin treasury deal becomes effective
P Media and Technology Group said on Friday (Jun 13) that the US Securities and Exchange Commission has declared effective the…
Business
US: Stocks fall as investors pare risk on Middle East clash
Wall Street stocks finished sharply lower Friday (Jun 13) as Iran launched counterstrikes in response to an Israeli siege, leaving most…
Business
Europe: Shares tumble as Israel-Iran conflict escalates
EUROPEAN shares closed lower on Friday (Jun 13) as Israel’s wide-scale strike against Iran triggered a broad market selloff, with…
Business
Oil settles up 7% as Israel, Iran trade air strikes
Oil prices jumped on Friday (Jun 13) and settled 7 per cent higher as Israel and Iran traded air strikes, feeding investor worries that…
Business
Gold Prices Surge as Middle East Tensions Rise and Rate Cut Hopes Grow
Markets jittered on Friday as new tensions in the Middle East sent tremors through global finance. Investors fled to gold as a haven in a…