Business
Microsoft‘s massive AI spending draws investor concerns as cloud business booms
MICROSOFT’S spending on artificial intelligence infrastructure soared to a record of nearly US$35 billion in the September quarter,…
Tag
Spending
Business
Buybacks take backseat as AI drives record US capex spending
INVESTORS are increasingly favouring US companies that channel capital towards AI innovation over those offering traditional shareholder…
Business
Luxury brands turn on the charm in China to kindle nascent spending recovery
As Chinese shoppers dip toes back in the luxury pool, brands are targeting economically resilient high-earners with distinctive,…
Business
TSMC Q3 profit blows past market forecast to a record on AI spending boom
TSMC, the world’s main producer of advanced artificial intelligence (AI) chips, posted a 39.1 per cent jump in third-quarter profit to…
Business
China stocks rise post-break as AI buzz outshines tepid spending
Traders are now turning their attention to policy signals ahead of the Communist Party’s Oct 20 to 23 meeting, where the blueprint for the…
Business
AI spending boom is a bubble that will pay off: Bezos
Amazon.com chairman Jeff Bezos said that the spending on artificial intelligence resembles an “industrial bubble” that could lead to lost…
Business
US Steel approves US$300 million tranche of Nippon Steel spending
UNITED States Steel approved a US$300 million investment to upgrade some of its facilities, advancing part of an US$11 billion commitment…
Business
Europe: Shares rise as US spending boosts luxury stocks
EUROPEAN stocks touched their highest in more than a week on Tuesday, lifted by a rally in luxury goods companies on higher US spending…
Business
Asian industries lift energy transition spending as demand grows
Asia expects to see power demand skyrocket in the coming years thanks to energy-intensive industries and growing populations in some…
Business
VinFast’s quarterly loss widens amid heavy spending on ambitious growth strategy
Vietnamese electric-vehicle maker VinFast on Thursday (Sep 4) reported a wider second-quarter net loss as it stepped up spending on global…
Business
Oracle cuts cloud division jobs amid surge in AI spending
Many tech giants have sought to deal with the surging costs of AI by reducing expenses in other parts of the business Oracle is cutting…
Business
The AI race has big tech spending US$344 billion this year
If there’s any lesson to take from the spending plans issued by the world’s largest technology companies over the past two weeks, it’s to…
Business
Microsoft cloud sales beat expectations amid record AI spending
The company’s largest rivals in cloud services, Amazon.com and Alphabet, have also announced massive expansion plans. Microsoft reported…
Business
Visa beats quarterly estimates on resilient consumer spending but steady forecast drags shares
Visa beat Wall Street estimates for third-quarter profit and revenue on Tuesday (Jul 29), as the global payments processing company was…
Business
Google parent Alphabet surprises with capital spending boost after earnings beat
ALPHABET on Wednesday cited massive demand for its cloud computing services as it hiked its capital spending plans for the year to about…
Business
Consumers Are Focused on AI-Powered and Value Spending, While Retailers Face Supply Chain Challenges for the Second Half of 2025
The first half of the year was a learning curve for everyone. The economic uncertainties with the ever-changing tariffs put in place,…
Celebrity
Kanye West Furious Over Kim Kardashian's Lavish Spending on North's 13th Birthday
Kanye West is once again in the headlines, this time due to growing tensions with ex-wife Kim Kardashian over their daughter North's 13th…
Business
ASML orders beat expectations after AI spending fuels demand
ASML Holding’s orders in the second quarter beat estimates after the artificial intelligence (AI) boom drove demand for its sophisticated…
Business
TSMC revenue climbs 39% in latest sign of AI spending boom
For 2025, investors remain wary about the impact of tariffs on the global economy and the electronics sector Taiwan Semiconductor…
Business
Meta spending big on AI talent but will it pay off?
Mark Zuckerberg and Meta are spending billions of dollars for top talent to make up ground in the generative artificial intelligence race,…
Business
EV maker VinFast’s Q1 loss widens on higher spending as deliveries rise
Vietnamese electric vehicle maker VinFast on Monday (Jun 9) reported its sixth consecutive quarterly net loss as it continues to ramp up…
Business
AI to send Asia’s data centre spending and power needs up; Morgan Stanley picks the winners
Data centre investments in Asia will likely double to US$200 billion by 2030, as the rising use of artificial intelligence (AI) will…
Business
Top Thai wind power firm to fund 65 billion baht of spending with IPO
Thailand’s largest wind power producer plans to spend 65 billion baht (S$2.6 billion) to almost triple its generation capacity over the…
Unsorted
Estee Lauder, L’Oreal suffer as China’s duty-free spending falls
UNABLE to travel overseas during the Covid-19 pandemic, Chinese consumers sparked a shopping boom in the southernmost province of Hainan,…