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Warner Bros. Discovery sues AI firm for Batman, Superman copyright infringement
Warner Bros. Discovery has joined a key copyright infringement case that could test the legal bounds of using artificial intelligence to…
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Firm
Business
Gold holds firm near record high on US rate-cut expectations
Gold held steady on Thursday (Sep 4), hovering near all-time high hit in the previous session, buoyed by global uncertainties and…
Business
Piotr Szczerek, CEO of Polish Paving Firm Drogburuk, Identified as US Open Hat Snatcher as Kamil Majchrzak Meets Young Boy and Gifts Him Souvenir
The man at the US Open who grabbed a hat signed by Kamil Majchrzak out of a young boy's hands has been identified as Polish millionaire…
Business
Profit dives at China’s top food delivery firm Meituan amid intense competition
China’s leading food delivery group Meituan, reported on Wednesday (Aug 27) a fall of 89 per cent in second-quarter adjusted net profit as…
Business
Vietnam billionaire’s taxi firm takes on grab in South-east Asia
Vietnam’s richest man Pham Nhat Vuong is looking to disrupt ride-hailing sectors across South-east Asia as his taxi company Green & Smart…
Business
Yangzijiang Financial to anchor S$100 million fund of firm led by ex-CEO Vincent Toe
Yangzijiang Financial will be the anchor investor in a S$100 million fund by ICH Asset Management (ICHAM), which is led by the…
Business
Electric vehicle sales growth eases to 21% in July: research firm
GLOBAL electric vehicle sales grew 21 per cent year-on-year in July, the slowest rate since January and down from 25 per cent in June, as…
Business
Skechers Beat Expectations in Q2 as Shoe Firm Continues on Path to Go Private
Skechers quietly released its second quarter earnings after the market closed on Friday as the company continues its work to go private.…
Business
Brunei tweaks Bridgewater bet to a lucrative 20% stake in firm
Brunei’s sovereign wealth fund pulled money from an investment in a Bridgewater Associates strategy to buy an almost 20% stake in the…
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Singtel associate Airtel’s data centre firm inks renewable-energy partnership to boost capacity
The tie-up promises to boost the data centre company’s infrastructural efficiency, decarbonisation efforts and operations Singtel regional…
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Indonesia plans US$8 billion refineries contract with US firm amid tariffs deal: sources
Indonesian sovereign wealth fund Danantara plans to sign a US$8 billion engineering, procurement and construction contract with US…
News
German defence tech firm to make drones in UK
A German defence technology company will soon begin producing drones in the UK, it has been announced. STARK, which makes the unmanned…
Business
Global EV sales jump 24% in June though North American market struggles: research firm
GLOBAL sales of electric and plug-in hybrid vehicles jumped 24 per cent in June from a year ago, as a switch to electric vehicles…
Business
Dutch firm moves to privatise Grand Venture Technology at S$0.94 apiece
A Dutch firm is looking to take Grand Venture Technology private by way of scheme of arrangement, said the precision engineering solutons…
Business
Dutch firm moves to privatise Grand Venture Technology at S$0.94 per share
A Netherlands-incorporated firm is looking to privatise precision engineering solutions company Grand Venture Technology at S$0.94 a…
Business
Merck nears US$10 billion deal for London-based lung therapy firm Verona, FT reports
Merck is nearing a US$10 billion deal to buy lung diseases focussed Verona Pharma, as the US drugmaker is eyeing deals to offset the…
Business
Singapore stocks hold firm after latest salvo of US tariffs; STI up 0.4%
The local bourse extended its rally on Tuesday (Jul 8), after Washington announced the first wave of new tariffs on 14 countries – which…
Business
Chip-design firm SkyeChip is close to a Malaysian IPO, CEO says
Malaysian semiconductor designer SkyeChip is “close” to an initial public offering after posting consecutive years of revenue and profit…
Business
Struggling semiconductor firm Wolfspeed files for bankruptcy
Wolfspeed, a chipmaker caught in US President Donald Trump’s push to reshape Biden-era tech subsidies, filed bankruptcy to enact a…
Business
Another interior fit-out firm eyes Catalist IPO as Dezign Format lodges preliminary prospectus
A second interior fit-out company is preparing to list on the Singapore Exchange’s Catalist board in as many weeks, as Dezign Format Group…
Business
Swiss-American eye care firm Alcon launches expanded Tuas manufacturing facility
Alcon, a Swiss-American pharmaceutical and medical device company specialising in eye care products, opened its expanded manufacturing and…
Business
Trump-backed crypto firm is planning stablecoin audit, new app
Zak Folkman, the co-founder of US President Donald Trump’s cryptocurrency platform World Liberty Financial (WLF), said on Wednesday (Jun…
Business
Investment firm PAG raises 3.1 billion yuan in first yuan-denominated buyout fund: sources
Asia-focused investment firm PAG has raised 3.1 billion yuan (S$553 million) at the first close of its inaugural yuan-denominated buyout…
Business
New Zealand-based Xero forks out over US$2.5 billion to buy US fintech firm Melio
The deal will be funded through a placement to raise US$1.2 billion, a US$400 million unsecured credit facility, among others Xero, New…