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Trump signs order declaring TikTok sale ready and values it at US$14 billion
Chinese media paint a different picture of the deal, suggesting ByteDance would continue to play a major or operational role President…
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Business
Trump makes way for $14 billion deal to save TikTok in the U.S.
President Trump approved a proposal Thursday that would save TikTok in the U.S. by putting the wildly popular app's operation under…
Business
Amazon might owe you money: $1.5 billion payout for Prime members follows FTC settlement. Here’s what to know
Amazon reached a $2.5 billion settlement with the Federal Trade Commission (FTC) on Thursday over whether the e-commerce giant used…
Business
Amazon to pay $2.5 billion to settle allegations it duped people into subscribing to Prime
Amazon has agreed to pay $2.5 billion to settle accusations that the e-commerce giant tricked millions of customers into subscribing to…
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Meta’s massive Louisiana data center needs a $3 billion power upgrade. Who should foot the bill?
In a rural corner of Louisiana, Meta is building one of the world’s largest data centers, a $10 billion behemoth as big as 70 football…
Business
Starbucks to close stores, cut 900 jobs in US$1 billion restructuring
The company says its overall store count will drop by 1% during the 2025 fiscal year Starbucks said it will close stores and eliminate 900…
Business
China’s mining giant Zijin tops US$100 billion in value to near BHP, Rio Tinto
China’s Zijin Mining Group is worth more than US$100 billion at the market close for the first time, after a decade-long growth push…
Business
CapitaLand India Trust unit to divest two assets in Chennai, Hyderabad for 11 billion rupees
The total enterprise value of the sale is about 3 per cent higher than the aggregate of the independent valuations The trustee-manager of…
Business
MAS’ S$5 billion injection is strategic, sustainable solution to perk up equities market, say fund managers
Equity Market Development Programme is designed as a durable one, and will adapt as market conditions evolve, they add The Monetary…
Business
Zijin Gold delays US$3.2 billion IPO as typhoon pummels Hong Kong
Zijin Gold International delayed its US$3.2 billion listing after Super Typhoon Ragasa slammed Hong Kong, bringing the city to a…
Business
KKR, Blackstone make US$17 billion natural gas bet after AI boost
Private credit lenders have been increasingly focused on investment-grade companies and large public firms for financing opportunities as…
Business
Nvidia to invest $100 billion in OpenAI to build data centers
Nvidia plans to invest $100 billion in OpenAI, giving the ChatGPT maker a huge war chest to build data centers with the chip maker’s…
Lifestyle
Fashion Retail’s $6 Billion Potential in AI Cost Savings
There are still more questions than answers on artificial intelligence — What will AI change? Will it be smarter than us? — but a group of…
News
Trump administration to redistribute $2.4 billion from California’s high-speed railroad
The Trump administration wants to redistribute $2.4 billion it pulled from California’s high-speed rail project as part of a new $5…
Business
Revolut to spend US$13 billion on its push for 100 million users
The company aims to become one of the top three financial apps in every market it enters Revolut plans to enter 30 new geographies by the…
Business
Nvidia’s US$100 billion OpenAI play raises big antitrust issues
The US$100 billion partnership between dominant AI chipmaker Nvidia and leading artificial intelligence company OpenAI could give both…
Business
How typhoons can delay big IPOs like Zijin Gold’s US$3.2 billion deal in Hong Kong
One could be forgiven to question how a storm could delay one of the world’s biggest deals in a sophisticated financial centre like Hong…
Business
Heineken to buy Fifco businesses for US$3.2 billion in Central America push
The deal will enable Heineken to enter “new profit pools” across Central America, says chief executive Dolf van den Brink Dutch brewer…
Business
Singapore firm rejects US$1 billion Sri Lankan pollution damages
X-Press Feeders has operated the MV X-Press Pearl that sank off Colombo Port in June 2021 after a fire, believed to have been caused by a…
Business
Apac data centre owners look beyond banks to fund US$100 billion of construction over 5 years: S&P
Options include capital recycling via Reits, asset-backed securities and private credit funding Asia-Pacific (Apac) data centre operators…
Business
‘Baby Shark’ creator Pinkfong seeks to raise 76 billion won from Seoul IPO
The South Korean jingle is well ahead of Luis Fonsi’s ‘Despacito’ on YouTube as kids worldwide keep watching the video endlessly, nearly a…
News
Trump administration wants to hand out $2.4 billion it took from California's high-speed railroad
The Trump Administration wants to redistribute $2.4 billion it pulled from California's high-speed rail project as part of a new $5…
Business
Nvidia to invest $100 billion in OpenAI
Chipmaker Nvidia will invest up to $100 billion in OpenAI and provide it with data center chips, the companies said on Monday, a tie-up…
Business
Nvidia to invest US$100 billion in OpenAI
The partnership comes as competition intensifies among technology giants and startups to secure access to energy and chips needed for AI…