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Billion

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DBS unlocks S$1 billion in AI value in 2025

But as Singapore’s lenders seek to ride the wave, agentic artificial intelligence’s rise poses challenges for local banking talent DBS notched up a one-third increase in economic value…

GM to take $6 billion charge after EV pullback

General Motors will be hit with charges of about $6 billion as sales of electric vehicles sputter after the U.S. cut tax incentives to buy them and also eased auto emissions standards.…

GM to take US$6 billion writedown on EV pullback

GM’s EV sales dropped 43 per cent in the fourth quarter after the loss of the consumer tax credit General Motors said on Thursday it would take a US$6 billion charge to unwind some…