Why is Trump's media company getting involved with nuclear power?
President Trump’s media company is merging with a nuclear fusion energy firm in a $6-billion deal aimed at generating more power amid growing demand from power-hungry artificial…
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Fashion
Citadel posts worst return since 2018 as natural gas bets falter
This is partly due to erratic swings triggered by geopolitical turmoil, making trades hard to stick to Ken Griffin’s Citadel is on track for its worst annual return since 2018 after wagers…
India’s Adani seeks to operate more airports as part of US$11 billion expansion
The group currently manages seven airports across the country, with plans to aggressively bid for 11 more [MUMBAI/NEW DELHI] India’s Adani Enterprises plans to aggressively bid for 11…
They graduated from Stanford. Due to AI, they can't find a job
A Stanford software engineering degree used to be a golden ticket. Artificial intelligence has devalued it to bronze, recent graduates say. The elite students are shocked by the lack of…
Grab to acquire Chinese firm Infermove to expand in AI robotics
Grab Holdings has acquired Chinese tech company Infermove to expand in artificial intelligence-enabled robotics for food delivery. Grab sees Infermove’s solutions will complement its…
Goldman, JPMorgan see India’s record IPO boom extending to 2026
Fundraising expected to hit US$25 billion in 2026, and for the next few years to reach above US$20 billion India’s proceeds from initial public offerings (IPO) in 2026 may hit a record for…
SMRT announces senior management changes as deputy group CEO steps down
Its group chief communications officer will also relinquish the role to focus on the company’s ESG and CSR agenda Transit operator SMRT on Friday (Dec 19) announced two key senior…
Singapore stocks close flat as regional bourses end higher; STI inches down 0.02%
CDL is the top blue-chip gainer on the STI, while Yangzijiang Shipbuilding is the biggest decliner Local shares closed flat on Friday (Dec 19), even as most regional bourses ended higher.…
GLP picks investment banks for 2026 Hong Kong IPO: sources
Deliberations are ongoing and details such as the offering size and timing have not been finalised Investment firm GLP has selected banks for a Hong Kong initial public offering that may…
The Chinese-made DJI drones used by US police face a MAGA-fuelled reckoning
If DJI fails to get FCC clearance by Christmas, it could join Huawei and ZTE on the agency’s list President Donald Trump’s administration faces a Tuesday (Dec 23) deadline for declaring…
OpenAI inks deals with US colleges, seizing early lead in education market
The company has sold more than 700,000 ChatGPT licences to about 35 public universities OpenAI has established a beachhead at many US colleges, overcoming university administrators’…
Toyota to import US-made cars after Trump gripe
JAPANESE car giant Toyota said on Friday it will begin importing three of its US-manufactured models into its home market next year, in an apparent move to placate Donald Trump. The US…
Who Was Claudio Neves Valente? Brown University Shooter Was Former Classmate of MIT Professor Nuno Loureiro Whom He Murdered Before Killing Himself
The gunman involved in Saturday's deadly shooting at Brown University has been identified as Claudio Neves Valente, a Portuguese national who was a student at the Ivy League school more…
Asian markets rise as US inflation eases, Micron soothes tech fears
ASIAN markets rose on Friday as a below-forecast read on US inflation boosted hopes for another interest rate cut next month, while blockbuster earnings from chip firm Micron helped soothe…
Trump praises Fed Governor Waller as ‘great’ after interview for Fed Chair
US President Donald Trump said on Thursday he interviewed Federal Reserve Governor Christopher Waller a day earlier as a candidate to succeed Jerome Powell as Fed chair, praising him as…
Coliwoo disposes Pasir Panjang co-living space in S$43.9 million sale-and-leaseback deal
It will sell its 80% stake in Coliwoo PP, which owns and manages Coliwoo Hotel Pasir Panjang Co-living operator Coliwoo has entered into a sale-and-leaseback agreement to dispose of a…
Stoneweg Europe Stapled Trust divests office asset in Italy for 34 million euros
Following the divestment, the trust’s exposure to Italy will fall from 18% to 17% The managers of Stoneweg Europe Stapled Trust (Sert) on Friday (Dec 19) said that it has entered an…
TikTok signs agreement for new joint venture keeping it online in the U.S.
TikTok has finalized a deal with Oracle and two other investors that will allow the popular social video platform to continue its business in the U.S. The deal, expected to close on Jan.…
Nike reports sales beat overshadowed by Converse, China slumps
NIKE posted better-than-expected sales in the latest quarter, showing progress in its turnaround efforts, but weakness persisted in China and the Converse brand. Revenue in the fiscal…
BNY to move Singapore offices to Marina One East Tower
Investments into new spaces with better amenities are part of the bank’s transformation process that started in 2022 BNY is entering its next phase of transformation that bets big on…
Instacart to pay US$60 million to settle FTC claims it deceived shoppers
INSTACART has agreed to pay US$60 million in refunds to settle the US Federal Trade Commission’s allegations that the online grocery delivery platform deceived consumers about its…
Oil prices settle slightly higher as market assesses mounting supply risks
Oil prices settled marginally higher on Thursday as investors assessed the likelihood of further US sanctions against Russia and the supply risks posed by a blockade of Venezuelan oil…
US stocks close higher fuelled by tech rally, soft inflation data
WALL Street’s main indexes closed higher on Thursday as a soft inflation report fed expectations for interest rate cuts by the Federal Reserve, while chipmaker Micron’s blowout forecast…
Wall Street opens higher as inflation eases; forecast boosts Micron
Wall Street’s main indexes opened higher on Thursday (Dec 18) after softer-than-expected inflation data boosted expectations for more interest rate cuts by the Federal Reserve, while…