Fashion
Telefonica to cut 5,500 jobs with total cost of 2.5 billion euros
The Spanish carrier has signed an agreement with unions to implement the exit plans[MADRID] Telefonica will book a cost of 2.5 billion euros (S$3.8 billion) to pay for the...
Wall Street climbs as tech rebound gathers momentum
[NEW YORK] US stocks rose on Monday (Dec 22), kicking off the holiday-shortened week on a positive note, as technology stocks continued to rebound from last week’s sell-off, while...
Larry Ellison offers US$40.4 billion guarantee to beef up Paramount’s Warner Bros bid
[LOS ANGELES] Oracle co-founder Larry Ellison will provide a personal guarantee of US$40.4 billion in equity financing to back Paramount Skydance’s all-cash US$108.4 billion bid for Warner Bros Discovery,...
Nvidia aims to begin H200 chip shipments to China by mid-February
It will provide access to processors roughly 6 times more powerful than the H20, a downgraded chip designed for China[WASHINGTON] Nvidia has told Chinese clients it aims to start...
CapitaLand Malaysia Trust to acquire five industrial facilities in Johor for RM220.8 million
The properties are strategically located within the Johor-Singapore Special Economic Zone to capitalise on rising demand[SINGAPORE] CapitaLand Malaysia Trust (CLMT) has entered into an agreement to acquire five high-specification...
HSBC hires ex-Citi executive Ida Liu to lead its private bank
[LONDON] HSBC Holdings has hired former Citigroup executive Ida Liu to run its global private banking business, according to people familiar with the matter. Liu replaces Gabriel Castello, who...
Chinese AI firm MiniMax to launch Hong Kong IPO in early January
The firm develops multimodal AI models which can process text, audio, images, video and music[HONG KONG/BEIJING] Chinese artificial intelligence (AI) firm MiniMax is seeking to launch a Hong Kong...
SingPost’s 2024 fraud incident allegedly involved e-commerce shipments bound for Canada
[SINGAPORE] More details have emerged about Singapore Post’s (SingPost) parcel delivery fraud incident that came to light in 2024. The Business Times understands the major client involved was Cainiao,...
China’s power reforms, global data centre buildout usher in battery boom
[BEIJING] A revamp of China’s electricity market is boosting the economics of storing power just as international demand surges, sparking a boom for the Chinese energy storage manufacturers that...
Shein’s global ambitions survive French store uproar
The e-commerce giant, whose model of high-volume, ultra-cheap fashion has upended traditional retailing, looks like it’s in France to stay[PARIS] Shein’s choice of Paris for its first physical store...
