Business
Airbus plans to buy US$2 billion of parts from India every year
Indian carriers have a pending order book of about 1,800 aircraft, one of the world’s largest order pipelines Airbus plans to bolster its…
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Billion
Business
Airbus plans to buy US$2 billion worth of parts from India every year
The decision to boost sourcing reflects the country’s growing importance, with its domestic aviation market ranked the world’s third…
Business
ST Engineering bags S$1.4 billion contract for Taichung MRT Blue line
ST Engineering announced on Thursday (Apr 10) that its urban solutions business secured a S$1.4 billion contract to provide turnkey rail…
Business
Amazon seeks partners for US$15 billion warehouse expansion plan
Amazon.com is considering a US$15 billion warehouse expansion plan for nearly 80 new logistics facilities in US cities and rural areas…
Business
James Toback Hit With $1.7 Billion Verdict in Sex Assault Suit Involving 40 Women
Director James Toback, who was among the first to be singled out in the #MeToo scandal in 2017, was ordered on Wednesday to pay $1.68…
Business
TSMC could face US$1 billion or more fine from US probe: sources
TAIWAN Semiconductor Manufacturing could face a penalty of US$1 billion or more to settle a US export control investigation over a chip it…
Business
Trump’s tariff chaos becomes US$700 billion storm for big banks
Financial services are excluded from Donald Trump’s trade war for now. Banks are still feeling the pain. HSBC Holdings’s market value has…
News
Paramount, Trump Agree on Mediator for President’s $20 Billion ‘60 Minutes’ Lawsuit (Report)
Lawyers for Paramount Global and President Donald Trump have agreed on a mediator to pursue a settlement in a lawsuit filed by Trump —…
Business
Singapore banks lose over S$37 billion in market value as tariff sell-off continues
Shares of Singapore’s three local banks continued to slide on Monday (Apr 7), weighed down by a broader market sell-off triggered by…
Business
Meta plans nearly US$1 billion data centre project in Wisconsin
Meta Platforms plans to spend nearly US$1 billion on the development of a data centre project in central Wisconsin, underscoring a larger…
Fashion
Japan could lose US$17 billion in car exports due to US tariffs, says UN trade agency
The tariffs cover more than US$460 billion worth of US imports of vehicles and auto parts annually Japan could lose US$17 billion in car…
Business
Airtrunk seeks S$2.2 billion loan to build Singapore data centres
Blackstone-owned data centre firm AirTrunk is seeking a S$2.2 billion green loan for a new greenfield project in Singapore, according to…
Business
Chinese firms place US$16 billion in order for new Nvidia chips: report
Washington has banned exports of the company’s most advanced chips to China since 2022 Chinese companies including ByteDance, Alibaba…
Business
One Raffles Quay inks S$1.13 billion sustainability-linked loan from DBS, other banks
The office complex will work towards meeting targets such as reducing energy and water usage by 20-29% Office complex One Raffles Quay has…
Business
OCBC to finance £10 billion in UK investments by 2030 under new partnership
OCBC plans to deploy £10 billion (S$17.4 billion) in financing over the next six years to support foreign direct investment into the…
Business
Latin Music Revenue Exceeds $1 Billion for Third Straight Year, but Grows Only 6% From 2023: RIAA Report
Latin music revenues in the United States grew by 6% in 2024, exceeding $1 billion for a third consecutive year. This marks the ninth…
Business
US judge rejects J&J’s US$10 billion baby powder settlement
A US bankruptcy judge on Monday rejected Johnson & Johnson’s US$10 billion proposal to end lawsuits alleging that its baby powder and…
Business
OpenAI to raise US$40 billion in SoftBank-led new funding
OPENAI said on Monday it would raise US$40 billion in a new funding round led by SoftBank Group at a US$300 billion valuation to advance…
Business
OpenAI finalises US$40 billion funding at US$300 billion value
OpenAI, the artificial intelligence company behind ChatGPT, said it has finalised a funding round that will bring in US$40 billion from…
Business
YouTube Now Worth as Much as $550 Billion, Analysts Say: ‘New King of All Media’
As YouTube marks its 20th anniversary, the Google-owned video giant is the “new king of all media” — larger and more powerful than any…
Business
More funds and products expected, as market awaits details about Singapore’s S$5 billion equities push
Analysts see MAS’ initiative as positive step, but add that factors such as investor protection and governance, proper understanding of…
Culture
‘Ne Zha 2’ Propels 2025 Global Box Office Estimates Upward to $34 Billion
Gower Street Analytics has increased its 2025 global box office projection to $34.1 billion, up from its original December forecast of $33…
Business
PSA International FY2024 net profit falls 25% to S$1.1 billion on higher costs, inflation
Temasek-owned port operator PSA International on Friday (Mar 28) reported a 25.2 per cent drop in net profit to S$1.1 billion in 2024,…
Business
PSA International FY2024 net profit falls 25.2% to S$1.1 billion on higher costs, inflation
Temasek-owned port operator PSA International on Friday (Mar 28) reported a 25.2 per cent drop in net profit to S$1.1 billion in 2024,…