Business
Coliwoo reports 75.1% fall in H2 net profit to S$5.7 million
Co-living operator Coliwoo reported a net profit of S$5.7 million for the second half ended Sep 30, a 75.1 per cent drop from S$22.9…
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Business
Warner Bros Discovery wants Paramount to raise its offer to US$30 per share, Axios reports
WARNER Bros Discovery’s board wants Paramount Skydance to sweeten its latest bid of US$23.5 per share to about US$30 apiece, Axios…
Business
Xiaomi reports 81% jump in third-quarter profit on strong EV sales
Adjusted net profit reaches 11.3 billion yuan (S$2.1 billion), exceeding the average estimate of 10.3 billion yuan China’s Xiaomi reported…
Business
Hong Kong’s investment firm reports HK$2 billion return in 2024
As at end-2024, the firm had used up under a fifth of its initial HK$62 billion kitty Hong Kong Investment Corporation (HKIC) generated…
Business
US to block Nvidia’s sale of scaled-down AI chips to China, The Information reports
THE White House has informed other federal agencies that it will not permit Nvidia to sell its latest scaled-down AI chips to China, The…
Business
Grab reports Q3 earnings of US$17 million on positive operating profit
Operating profit rises to US$27 million in Q3 2025 from a loss of US$38 million in Q3 2024 Ride-hailing giant Grab posted earnings of…
Business
Grab reports Q3 earnings of US$37 million on positive operating profit
Operating profit rises to US$27 million in the quarter from a loss of US$38 million the previous year Ride-hailing giant Grab posted Q3…
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Air India seeks 100 billion rupees lifeline from SIA and Tata, Bloomberg News reports
The development follows a deadly Air India crash in June that killed more than 240 passengers Air India is seeking at least 100 billion…
Business
Amazon reports cloud unit grew at fastest rate since 2022
The company has invested heavily in data centres and chips to build and operate AI models capable of generating text or images and…
Business
BYD reports biggest quarterly profit fall in over four years
The consecutive quarterly profit fall comes amid intensifying competition at home market — Chinese electric vehicle maker BYD’s…
Business
Sheng Siong reports 12% increase in Q3 earnings to S$43.7 million
Revenue is up 14.4% for period, mainly driven by an increase in the number of stores Sheng Siong reported a 11.9 per cent increase in…
Business
Boeing reports US$5.4b loss on large hit from 777X aircraft delays
Boeing has pushed back commercial deliveries on the 777X to 2027 from the prior 2026 timeframe Boeing reported a US$5.4-billion…
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Meta is cutting around 600 roles in AI unit, Axios reports
The cuts will affect the company’s Facebook Artificial Intelligence Research (FAIR) unit Meta is cutting roughly 600 positions out of the…
Business
Nike reports surprise revenue rise amid CEO Hill’s turnaround efforts
The company makes nearly all its shoes in countries hit with steep duties under US President Donald Trump Nike on Tuesday (Sep 30)…
Business
Meta in talks to use Google’s Gemini to improve ad business, The Information reports
META staffers have had discussions with Alphabet’s Google Cloud about the possibility of using its Gemini models to improve the Facebook…
Business
Nvidia spent over US$900 million to hire Enfabrica CEO, license technology, CNBC reports
NVIDIA has spent over US$900 million to hire Enfabrica CEO Rochan Sankar and other staff at the artificial intelligence hardware startup…
Business
Elon Musk’s Starlink reports service outage, thousands of users affected
ELON Musk’s satellite internet service Starlink is experiencing a service outage, according to a message on its website on Monday.…
Business
Brookfield in talks to buy Yes! Communities from Singapore’s GIC in US$10 billion deal, FT reports
Brookfield Asset Management is in talks to buy Yes! Communities, a US landlord of manufactured homes, from Singaporean sovereign wealth…
Business
OpenAI to share 8% of its revenue with Microsoft, partners, The Information reports
OpenAI has projected that by the end of the decade it will be sharing about 8 per cent of its revenue with commercial partners, namely…
Business
World Bank Reports Vietnam's GDP Growth at 6.6% in 2025
The World Bank (WB) predicted in its 'Taking Stock – Vietnam Economic Update, September 2025' in Hanoi that as export growth and the…
Business
OpenAI set to start mass production of its own AI chips with Broadcom, FT reports
AI is set to produce its own artificial intelligence chip for the first time next year, as the ChatGPT maker attempts to address…
News
Ukraine reports over 500 Russian combat drones in overnight attack
Russian forces launched another major overnight drone and missile attack on Ukraine, the Ukrainian Air Force said on Saturday morning, as…
Business
Reports: Germany's Rheinmetall considers acquiring yet another rival
The logo of the NVL shipyard belonging to the Luerssen Group. German defence giant Rheinmetall is reportedly looking into acquiring the…
News
German military reports rise in extremist incidents
Germany's armed forces, the Bundeswehr, dismissed 90 soldiers for right-wing extremist behaviour last year and took action against six…