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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…
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Unit
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Meta reported to be cutting around 600 roles in AI unit
The cuts will affect the company’s Facebook Artificial Intelligence Research (FAIR) unit Meta is cutting roughly 600 positions out of the…
Business
Wilmar Indonesia unit general manager charged over sugar imports
The unlawful raw sugar imports have allegedly caused state losses amounting to 578 billion rupiah The general manager of Wilmar…
Business
Coinbase, Fortnite among services hit by global outage of Amazon’s cloud unit
AMAZON’S cloud services unit AWS was hit by an outage on Monday (Oct 20), causing connectivity issues for many companies around the world…
Business
PropNex says S$849,287 lawsuit against its unit has been withdrawn
It added that this is not expected to have a material impact on its financial position and performance for the financial year ending Dec…
Business
PropNex says S$849,287 lawsuit against unit over ‘99-to-1’ deal has been dropped
It added that this is not expected to have a material impact on its financial position and performance for the financial year ending Dec…
Business
‘99-to-1’ transaction: PropNex says S$849,287 lawsuit against unit has been dropped
It is not expected to have a material impact on its financial position and performance A lawsuit against PropNex Realty, a wholly owned…
Unsorted
Sembcorp unit wins conditional approval to import 1 GW of hydropower from Sarawak
Expected to start commercial operations around 2035, the project contributes to Singapore’s plans to import 6 GW of clean power by 2035…
Business
GDS aims to raise over US$1 billion for international unit DayOne: sources
GDS is aiming to build up DayOne into an independently run and separately listed unit in the mid to long term GDS Holdings, one of China’s…
Business
Chinese data centre firm GDS aims to raise over US$1 billion for international unit DayOne: sources
GDS is aiming to build up DayOne into an independently run and separately listed unit in the mid to long term GDS Holdings, one of China’s…
Business
CLI’s self-storage unit invests close to S$100 million in Singapore flagship project, 3 Tokyo facilities
When completed, the Singapore facility will expand ESA’s portfolio in the city to 13 properties with more than 1.5 million sq ft of gross…
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Who Was Jakobus Onnen? AI Helps Solve Mystery Behind Name of Nazi Executioner Seen in WWII Photo Who Joined SS Death's Head Unit Before War
Artificial intelligence, often linked to scams and deepfakes, is now being put to use for a far more meaningful purpose — uncovering…
Fashion
LVMH returns to growth with fashion unit proving resilient
The world’s largest luxury group has endured an extended pullback, particularly in China, which had long been a driver of growth LVMH…
Business
Hong Kong's bourse operator expands commodities business with Dubai unit
HONG Kong Exchanges & Clearing (HKEX) launched a new unit in Dubai to advance its commodities business, the exchange operator said on…
Business
Keppel unit M1 faces legal proceedings over 2019 contract with Liberty Wireless
This is not expected to affect or delay the completion of the proposed sale of M1’s telco business to Simba Telecom M1, an indirect…
Business
Stoneweg Europe Stapled Trust sets sights on Spain and Switzerland to grow unit price
Its managers are bullish on the logistics and light industrial sector as e-commerce, onshoring and fatter defence budgets could swell…
Business
Singtel pledges support for troubled long-time unit Optus; transformation ‘will take time’
The group has supported its Australian subsidiary with A$33 billion in investments since 2001, while not receiving dividends in the last…
Business
Fu Yu closes investigations into supply chain unit, sees ‘no merit’ in taking action against individuals involved
Precision manufacturer Fu Yu Corporation will close its investigations into irregularities at its wholly owned supply chain unit, and will…
Business
Nomura unit Laser targets Japan’s booming crypto trading market
The news comes with crypto pushing further into mainstream financial services in the country Nomura Holdings plans to expand in Japan’s…
Business
Alphabet plans sale, spinoff of Verily unit, executive says
The Justice Department has asked the judge to force the company to sell its advertising exchange Alphabet has been working for the past…
Business
Warren Buffett’s Berkshire Hathaway to buy Occidental’s chemical unit for US$9.7 billion
OxyChem is set to be Berkshire’s largest acquisition since it took over the insurer Alleghany in 2022 Warren Buffett’s Berkshire Hathaway…
Business
German auto supplier ZF Group to cut 7,600 jobs in powertrain unit by 2030
The move is part of a broader plan announced by the company last year to eliminate up to 14,000 positions ZF Friedrichshafen will cut…
Business
Shares of LHN surge 7% after co-living unit lodges SGX listing prospectus
The property portfolio of Coliwoo comprises 25 properties in ‘high-demand locations’ across Singapore Shares of property management…
Business
Nintendo establishes Singapore unit to accelerate South-east Asia business
The maker of video games series Pokemon and the Switch gaming console is also considering setting up a local unit in Thailand Japanese…