Culture
US seizes oil tanker off coast of Venezuela, Trump says
[WASHINGTON] The US has seized an oil tanker off the coast of Venezuela, President Donald Trump said on Wednesday, ratcheting up tensions with Caracas in a move that also raised oil...
Intel, AMD accused of allowing chips in Russian missiles
In the past, the chipmakers have said they fully comply with sanctions requirementsMICROCHIP manufacturers Intel, Advanced Micro Devices (AMD) and Texas Instruments were accused in a series of lawsuits...
Temu’s Europe HQ raided as part of EU foreign-subsidy probe
The bloc has wielded the Foreign Subsidy Regulation largely against Chinese involvement in European markets[BRUSSELS] Temu’s European headquarters in Dublin have been hit by raids by European Union competition...
US stocks close higher after Fed cuts interest rates
WALL Street ended higher on Wednesday, after the Federal Reserve cut interest rates by a quarter percentage point and signalled that it will likely put further rate cuts on...
Customer experience tech startup Toku files preliminary prospectus for Catalist IPO
It will use the proceeds to fund R&D, market expansion and to improve its financial position[SINGAPORE] Technology startup Toku on Wednesday (Dec 10) lodged a preliminary prospectus for a...
Wall Street subdued at open ahead of Fed interest rate verdict
[NEW YORK] Wall Street’s main stock indexes opened little changed on Wednesday (Dec 10), ahead of a Federal Reserve monetary policy decision that is widely expected to deliver an...
Barclays joins bank rivals in buying stake in United Fintech
It has bought two fintechs this year, bringing its total to seven and giving it more than 200 employees across 11 locations globally[LONDON] Barclays is buying a stake in...
Wingtech seeks to restore Nexperia control as chip feud lingers
Despite political progress, Nexperia’s Dutch HQ and its Chinese operations are locked in an internal feud[BEIJING] Wingtech Technology has invited court-appointed custodians of Nexperia to discussions in a bid...
Coal’s grip on Asia strengthens as early phaseout bids stall
[JAKARTA] Coal’s future in Asia is looking brighter, as the top-consuming region’s efforts to shift to cleaner energy suffer a series of setbacks.Indonesia has cancelled a flagship project that...
ByteDance, Alibaba keen to order Nvidia H200 chips after Trump green light: sources
The chip’s ability to train AI models is currently unmatched by domestic equivalents[BEIJING/SINGAPORE] ByteDance and Alibaba have asked Nvidia about buying its powerful H200 AI chip after US President...
ComfortDelGro and Pony.ai get green light from Singapore regulators to start autonomous vehicle testing on public roads
[SINGAPORE] The Land Transport Authority (LTA) of Singapore has given its approval to transport operator ComfortDelGro and its autonomous vehicle (AV) partner Pony.ai to begin testing their AV shuttles...
