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As Trump reports $2.2 billion in 2025 income, ethics experts raise alarms
Ethics experts sounded the alarm Wednesday after new financial disclosure reports revealed that President Trump’s income ballooned to $2.2…
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Billion
Business
Baidu's chip unit Kunlunxin is targeting a $50 billion Hong Kong IPO and asked investors to buy its semiconductors
TL;DR Baidu’s Kunlunxin targets a $50B Hong Kong IPO and asked investors to commit to buying its chips, blurring the line between…
Business
Father’s Day Spending Expected to Hit Record $27.9 Billion This Year
Dads will be well taken care of this year. The National Retail Federation and Prosper Insights & Analytics are projecting that spending…
Business
Value of Huntington Beach defense tech startup balloons to $1.8 billion
California defense tech startup Mach Industries said Tuesday it raised $300 million, nearly quadrupling the company’s valuation to $1.8…
Business
OpenAI acquires Tomoro as founding piece of $14 billion Deployment Company
TL;DR OpenAI is acquiring Tomoro, the Edinburgh-based AI consulting firm it was born alongside, as the founding acquisition of its $14…
Business
Amazon-backed nuclear startup X-Energy raises $1.02 billion in IPO
X-Energy sold 44.3 million Class A shares at $23 each, above the $16–$19 marketed range, and began trading on Nasdaq under the ticker XE…
Business
Accel raises $5 billion AI fund after Anthropic and Cursor returns soar
In short: Accel has raised $5 billion in new capital, comprising a $4 billion Leaders Fund V and a $650 million sidecar, targeting 20-25…
News
Japan’s US$550 billion investment in US seen widening gains on hedged JGBs
Yields on hedged Japanese government bonds may increase on rising costs for US dollar funding Japanese government bonds (JGBs) may become…
Business
A RM11 billion takeover battle is testing Malay economic clout. Malaysia PM Anwar now holds all the cards
Malaysian Prime Minister Anwar Ibrahim holds the fate of Sunway’s RM11 billion (S$3.5 billion) takeover bid of IJM in his hands, as racial…
Culture
Japan’s Streaming Market Hits $7.2 Billion as Netflix, Prime Video and U-Next Dominate, Report Finds
Japan‘s premium video-on-demand sector achieved $7.2 billion in total revenue during 2025, marking a 15% year-over-year increase,…
Business
Macquarie-led group to buy Qube Holdings for A$11.7 billion
A group led by Macquarie Asset Management will buy Qube Holdings in a deal worth around A$11.7 billion (S$10.5 billion), as the Australian…
Business
Uber targets US$1 billion boost with 2026 European expansion
The company expects the move to generate an additional US$1 billion in gross bookings over the next three years Uber plans to expand its…
Business
Hapag-Lloyd in talks to buy Israel’s Zim Integrated Shipping; sale price to exceed US$3.5 billion
Zim will be delisted from the New York Stock Exchange once the necessary regulatory and government approvals come through G-LLOYD is in…
Business
ThaiBev Q1 Ebitda up 1.8% at 16.7 billion baht despite lower revenue
Mainboard-listed Thai Beverage (ThaiBev) on Friday (Feb 13) said its sales revenue for the first quarter ended Dec 31, 2025 fell by 6 per…
Business
GDS-backed DayOne to pick banks for US$5 billion US IPO, sources say
DayOne Data Centers has selected banks to help arrange a US initial public offering (IPO) that may raise about US$5 billion, sources said.…
Business
Amazon shares slide as US$200 billion outlay fans fears over AI returns
Big tech’s massive AI spending hike surprises analysts, raising doubts over whether returns can keep pace Amazon.com shares slid 9 per…
Business
Societe Generale launches 1.5 billion euro buyback after profit beat estimates
The reacquisition follows two extraordinary share repurchase programmes launched in 2025, worth one billion euros each Societe Generale…
Business
Frasers Property logs S$1.4 billion in pre-sold residential revenue, boosted by China sales
Frasers Property recorded S$1.4 billion in pre-sold residential revenue across Singapore, Australia, Thailand and China as at Dec 31,…
Business
Amazon Spent $22.4 Billion on Content in 2025, Up 10%
Amazon‘s total content outlay in 2025, spanning video and music, climbed 10% to $22.4 billion. The figure was disclosed Friday in the…
Business
Stellantis plunges after taking 22 billion euros hit on EVs
The writedowns, which include some 6.5 billion euros in cash payments mainly to compensate suppliers Stellantis shares fell the most on…
Business
BYD’s US$60 billion wipeout points to deeper turmoil for China EVs
The company shares now trade at around 15 times forward earnings estimates, below their three-year average of 18 A relentless sell-off in…
Culture
U.K. Production Spend Hit $9.24 Billion in 2025 as Film Shoots Surge
Film and high-end television production expenditure in the U.K. reached £6.8 billion ($9.24 billion) in 2025, marking a 22% increase over…
Business
Syngenta targets up to US$10 billion Hong Kong listing in 2026: sources
[ZURICH/HONG KONG] Syngenta Group is targeting a Hong Kong listing that could raise as much as US$10 billion this year, two sources with…
Business
Baidu approves US$5 billion share buyback, first dividend
The Internet company joins larger peers Tencent Holdings and Alibaba Group Holding in enhancing shareholder returns U announced a…