Business
Yahoo nears deal to sell AOL to Italy’s Bending Spoons for US$1.4 billion
Yahoo is in advanced talks to sell AOL to Italian technology company Bending Spoons for about US$1.4 billion, four sources familiar with…
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Business
Electronic Arts nears takeover by Silver Lake, PIF
Video-game maker Electronic Arts, is in talks to be taken private by a consortium led by Silver Lake Management, Saudi Arabia’s Public…
Business
Trump team says TikTok deal nears, with Oracle, Silver Lake among investors
President Donald Trump this week will declare that a deal to divest TikTok‘s US operations from its Chinese owner ByteDance will meet…
News
Hong Kong’s Cathay says to axe over 500 flights as typhoon nears
HONG Kong-based airline Cathay Pacific said on Monday (Sep 22) it expected to cancel more than 500 flights as Super Typhoon Ragasa was…
Business
Binance nears deal to escape compliance monitor imposed by DOJ
The Justice Department has not made a final decision on the monitorship, which has a three-year duration Binance Holdings, the world’s…
Business
Tesla cuts price of new Model 3 in China as moment of truth nears for variant strategy
Tesla cut the price of its new, longer-range Model 3 variant by nearly 4 per cent just before deliveries were set to begin, a move set to…
Business
Shanghai stock benchmark hits new decade high, Hong Kong nears 4-year peak
China and Hong Kong stocks jumped on Monday (Aug 25), led by the rare earth and property sectors, extending the recent bull run as…
Business
GoTo nears net income as cost cuts, fintech bet gather steam
Indonesia’s Internet champion GoTo Group is getting closer to sustainable profitability, with its finance chief predicting net income in…
Business
Pony AI nears full-year robotaxi target despite scaling hurdles
Robotaxi services revenue has climbed 158% to US$1.5 million in the second quarter from the same period in 2024 Pony AI said that it was…
Business
Harley Davidson nears financing unit deal with Pimco, KKR
Harley-Davidson is in advanced talks to sell a stake in its financing unit as well as its existing motorcycle loan portfolio in a deal…
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
Foxconn nears deal to supply electric buses to Mitsubishi Fuso: report
The Japanese commercial automaker and Taiwanese chipmaker are looking to create a new company to oversee the buses, according to the…
Business
Chipmaker Wolfspeed nears bankruptcy deal with lenders including Apollo
Struggling chipmaker Wolfspeed will be taken over by creditors including Apollo Global Management under a proposal that would put it into…
Business
Iron ore markets head for shake-up as Singapore-linked Simandou nears production
Global iron ore trade is facing a pivotal shift as Simandou, a massive iron ore mine in Guinea being developed by a Singapore…
Business
DeepSeek's R1 Upgrade Nears Top-Tier LLMs
DeepSeek today rolled out DeepSeek-R1-0528, an upgraded version of its R1 large language model that it says now rivals OpenAI's O3 and…
Business
US: Wall St opens sharply lower, S&P 500 nears bear market territory
Wall Street’s main indexes opened sharply lower on Monday (Apr 7), with the S&P 500 on track to confirm bear market territory, as…
Business
Haworth Lifestyle Readies for Acquisitions as It Nears 1 Billion Euros in Sales
MILAN — Haworth Lifestyle, which is home to top European furniture and home firms Poltrona Frau, Cassina, Cappellini and Zanotta, is…
Business
OpenAI nears record US$40 billion funding round led by SoftBank
OpenAI is close to finalising a US$40 billion funding round led by SoftBank Group – with investors including Magnetar Capital, Coatue…
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Hard Rock Hotel London Ontario nears completion
Hard Rock Hotel London in Ontario, Canada is now accepting reservations, as it is nearing completion. Featuring 164 guest rooms and…
News
Australia braces for 'very destructive winds' as Category 5 cyclone nears landfall
Northern Australia is bracing for a Category 5 tropical cyclone that is expected to bring “very destructive winds” and “very heavy rain”…
Business
KKR nears US$14 billion for buyout fund in show of momentum
KKR is more than halfway to a US$20 billion money-raising goal for its North America buyout fund, a sign of momentum during a difficult…
Business
SoftBank nears deal to acquire chip designer Ampere
SOFTBANK Group is in advanced talks to acquire Ampere Computing, sources familiar with the matter said. The Japanese company is discussing…
Business
Hyundai Motor nears GM tie-up deal; sees revenue growth slowing in 2025 - The Business Times
SOUTH Korea’s Hyundai Motor said on Thursday (Jan 23) it is in talks with General Motors to supply commercial electric vehicles to its US…
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As Spotify Wrapped nears, what to expect from Apple and YouTube
It's almost that time of year again. Music lovers are wondering when Spotify will release its annual Wrapped, the personalized recap of…