Culture
Volkswagen pares India EV development costs amid hunt for a partner
The spending cuts also reflect growing caution among global carmakers balancing investment between India, China and western markets[DELHI] Volkswagen is slashing costs of developing electric vehicles (EVs) in India...
Bank Indonesia policy juggle makes rate moves harder to predict
The central bank has spurned market expectations at half of its 10 policy meetings so far this year[JAKARTA] Bank Indonesia’s (BI) balancing act between stability and growth has lately...
AI boom is turning Malaysia’s palm oil estates into data centres
The rush is partly a spillover from Singapore, where a years-long moratorium on new centres forced operators to look north[KUALA LUMPUR] Malaysia’s palm oil giants, long-blamed for razing rainforests,...
Trump warns against AI ‘overregulation,’ says US needs to have one federal standard
[WASHINGTON] President Donald Trump said on Tuesday the US must have one federal standard for regulating artificial intelligence, saying the technology risked being over-regulated if each American state came up with...
Trump could announce next Fed chair before Christmas, Bessent tells Fox News
US PRESIDENT Donald Trump will meet the final shortlist of candidates for the next Federal Reserve chair after Thanksgiving and he could announce his pick before Christmas, US Treasury Secretary Scott...
US Fed official defends easing of bank oversight as concerns mount
THE US central bank’s top banking regulator on Tuesday defended efforts to revamp oversight of the sector, as she faces warnings that weakened supervision could destabilise the financial system.“Our...
Boyu Capital considers bringing Tencent, GIC into Starbucks China deal
[HONG KONG] Boyu Capital is considering bringing in Tencent Holdings, GIC and potentially others as limited partners in its acquisition of a stake in Starbucks' China business, sources familiar...
Oil settles up 1% on Russia sanctions, interviews for next US Fed chair
[HOUSTON] Oil prices settled higher on Tuesday after a choppy session as traders weighed the impact of Western sanctions on Russian oil flows, as well as US President Donald Trump saying his...
Temasek leads US$80 million funding in power infrastructure provider Amperesand
The Series A round is co-led by the Singapore investment company and Walden Catalyst Ventures[SINGAPORE] Amperesand, a next-generation power infrastructure provider for artificial intelligence (AI) data centres and critical...
Temu-owner PDD Holdings beats profit expectations, outlook uncertain
Adjusted earnings per share of 21.08 yuan (S$3.86) beat analysts’ average forecast of 16.84 yuan[SHANGHAI] China’s PDD Holdings beat forecasts on Tuesday (Nov 18) with a 14 per cent...
