Business
UK inks investment deals on £38 billion Sizewell C nuclear plant
The UK announced final approval for the Sizewell C nuclear power plant after securing private investment in the £38 billion (S$65.7…
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Billion
Business
Sanofi to buy Vicebio for up to US$1.6 billion in vaccine push
The French drugmaker will pay US$1.15 billion upfront with a commitment for potential milestones worth as much as US$450 million Sanofi…
Culture
Indonesia plans US$8 billion refineries contract with US firm amid tariffs deal: sources
Indonesian sovereign wealth fund Danantara plans to sign a US$8 billion engineering, procurement and construction contract with US…
Business
Australia’s Insignia agrees to A$3.3 billion takeover by CC Capital, ending bidding war
RALIA’S Insignia Financial agreed on Tuesday to a A$3.3 billion (S$2.8 billion) all-cash takeover by investment manager CC Capital, ending…
Business
AstraZeneca vows to spend US$50 billion on US manufacturing, development
[MUNICH/WASHINGTON] AstraZeneca plans to invest US$50 billion in the US before 2030, becoming the latest European pharma company to…
Business
Trump Media buys US$2 billion in Bitcoin for crypto treasury plan
Trump Media & Technology Group, the firm behind Truth Social, has acquired about US$2 billion in Bitcoin and related securities as part of…
News
Stellantis expects US$2.7 billion first half loss as restructuring costs, US tariffs hit
Stellantis said on Monday (Jul 21) it expected the hit from restructuring costs and the initial impact of US tariffs to have pushed the…
Business
MAS appoints first 3 asset managers to inject initial S$1.1 billion into Singapore equities
Temasek-backed Fullerton Fund Management will be among the first of three asset managers to tap a S$5 billion investment fund initiative…
News
Trump sues Wall Street Journal for $10 billion over 'false' Epstein letter
President Trump sued the Wall Street Journal, its owners, and reporters for publishing what the president says is a "false" letter,…
Business
India’s JioStar Posts $1.3 Billion Revenue in Q1, Sets IPL Viewership and Streaming Records
Billionaire Mukesh Ambani’s Reliance Industries reported strong financial and operational results from its media and entertainment unit…
Business
China venture capital funds tap global investors for US$2 billion in comeback
China’s largest venture capital houses are tapping the market for at least US$2 billion in new funds, re-engaging with the country’s…
News
House clears $9 billion DOGE spending cut package, sending bill to Trump for signature
Congress cleared a $9 billion package of spending cuts to foreign aid and public broadcasting for President Trump's signature, codifying a…
Business
Warburg Pincus-backed data centre operator Princeton Digital bags US$1.3 billion from Stonepeak
Warburg Pincus-backed Princeton Digital Group announced on Friday (Jul 18) that it secured US$1.3 billion in funding from Stonepeak, a…
News
Schmitt celebrates Senate passage of $9 billion DOGE cuts as 'important step'
Sen. Eric Schmitt told the White House budget office back in January he wanted to help it cut wasteful spending using a rare procedure…
News
Senate Votes to Strip $1.1 Billion From Public Broadcasting in Blow to PBS and NPR
The Senate voted narrowly early Thursday morning to strip $1.1 billion in funding from the Corporation for Public Broadcasting, in a…
Culture
Volvo Car posts US$1 billion loss over impairment, tariffs
The automaker’s retail sales plunged 12% to 181,600 vehicles in the second quarter Volvo Car posted a US$1.03 billion operating loss in…
Business
Hong Kong’s US$25 billion pile of soured debt spurs talks to form ‘bad bank’
The pile of non-performing loans (NPLs) at Hong Kong lenders has grown so large that some in the industry have discussed the creation of a…
Business
Haagen-Dazs maker prices debt for 4.4 billion euros payout to owners
Froneri International, the maker of Haagen-Dazs ice cream, is wrapping up commitments for a debt deal to help fund one of the largest…
News
Bahrain to invest $17 billion in U.S. following meeting at White House
President Trump and Crown Prince Salman bin Hamad Al Khalifa of Bahrain announced Wednesday $17 billion worth of investments in the U.S.…
Fashion
Trump unveils US$92 billion worth of investments to power AI boom
US President Donald Trump went to Pennsylvania on Tuesday to announce US$92 billion in energy and infrastructure deals intended to meet…
News
Senate to restore $400 million in AIDS prevention funding, reduce Trump cuts package to $9 billion
The Senate plans to ignore President Trump's request to slash $400 million from a global AIDS prevention program as it takes up a broader…
News
Defense Department to spend $1 billion on ‘offensive’ hacking: What that means—and the major risk involved
The Department of Defense plans to spend $1 billion on “offensive cyber operations” over the next four years, Tech Crunch reported. The…
Business
BBC Studios Posts Record $2.9 Billion Revenue, Driven by ‘Bluey’ and BritBox Growth
BBC Studios marked a banner year with record revenues of £2.2 billion ($2.96 billion) in 2024/25, up from $2.56 billion the previous year,…
Business
Chinese carmaker Geely to pay US$2.4 billion to take full control of Zeekr
Chinese automaker Geely Automobile will acquire the chunk of electric-vehicle maker Zeekr that it does not already own for US$2.40…