Business
Tesla signs US$4.3 billion LGES battery deal, source says, reducing China reliance
South Korea’s LG Energy Solution (LGES) has signed a US$4.3 billion deal to supply Tesla with energy storage system batteries, said a…
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Business
Blackstone drops out of consortium bid for TikTok US: source
PRIVATE equity giant Blackstone has withdrawn from a consortium seeking to invest in TikTok’s US operations, a source familiar with the…
Lifestyle
Wells Fargo suspends China travel after employee exit ban: source
Wells Fargo has suspended all travel to China after a banker was blocked from leaving the country, a source familiar with the matter told…
Business
Kraft Heinz explores grocery business spinoff worth up to US$20 billion: source
[Bengaluru] Kraft Heinz is studying a potential spinoff of a large chunk of its grocery business, including many Kraft products, into a…
Business
OpenAI turns to Google's AI chips to power its products: source
OpenAI recently began renting Google’s artificial intelligence (AI) chips to power ChatGPT and its other products, a source close to the…
News
DOJ opens criminal investigation of former New York Gov. Andrew Cuomo, AP source says
The Justice Department has opened a criminal investigation into former New York Gov. Andrew Cuomo after congressional Republicans…
Business
Frasers Property sees several senior management changes: source
Several of Frasers Property’s senior management team will be leaving the company, including group chief operating officer (COO) Anthony…
Fashion
Melania Trump’s Dior Wedding Dress Is Not Being Sold on EBay, According to Source
Melania Trump celebrated her 20th wedding anniversary in January, and an eBay seller claims to be selling a remnant of her wedding day. An…
Business
HSBC axes 40 dealmakers in Hong Kong as part of revamp to cut costs: source
HSBC has laid off around 40 investment bankers in Hong Kong, according to a source with direct knowledge of the matter, as part of a…
Business
Vanke in talks to sell logistics firm stake to GIC: source - The Business Times
INDEBTED property developer China Vanke is in advanced talks to sell a controlling stake in VX Logistics to Singaporean sovereign wealth…
Business
Russia's economy is set to lose another source of income that Ukraine controls
Russian leader Vladimir Putin has acknowledged that his country's natural gas transit deal with Ukraine will not be renewed.Sergei…
Business
Bank of America promotes 387 employees to managing director: source
Bank of America (BOA) has promoted 387 employees to managing director roles in 2024, 16 per cent more than last year, a source familiar…
Unsorted
Arctic tundra becoming a source of carbon dioxide emissions, NOAA warns
Foreboding environmental milestones abounded again this year in the Arctic, where experts say dramatic climate shifts are fundamentally…
Business
St James's Place to cut around 500 jobs, source says
The cuts represent nearly a sixth of the company’s workforce of around 3,200 people British wealth manager St James’s Place is planning to…
Unsorted
H5N1 bird flu infects five more humans in California, and one in Oregon
As H5N1 bird flu spreads among California dairy herds and southward-migrating birds, health officials announced Friday that six more human…
Business
US ordered TSMC to halt shipments to China of chips used in AI applications: source
THE US ordered Taiwan Semiconductor Manufacturing Co (TSMC) to halt shipments of advanced chips to Chinese customers that are often used…
Business
Amazon, Google tap into nuclear power to fuel data centers and AI push
Amazon on Wednesday announced plans to invest in nuclear power production to fuel its data centers with clean energy, a key part of the…