Business
AI’s US$400 billion problem: Are chips getting old too fast?
Cloud computing giants assumed that their chips and servers would last about six years IN PURSUIT of the AI dream, the tech industry this…
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Billion
Business
Temasek, top funds bid in Swiggy’s US$1.1 billion share sale
The fundraising underscores the Indian e-commerce market’s rapid expansion amid surging demand Global investors, including Temasek…
Business
MPACT subsidiary sells Festival Walk Tower for close to HK$2 billion
The manager of Mapletree Pan Asia Commercial Trust (MPACT) announced on Wednesday (Dec 10) that its subsidiary – Festival Walk – will sell…
Business
E-commerce firm Meesho notches US$8.8 billion valuation in blockbuster India debut
The country’s IPO fundraising in 2025 is expected to surpass last year’s record US$20.5 billion Shares of e-commerce firm Meesho jumped…
Business
Amazon announces US$35 billion investment in India
Major US tech firms have poured billions of US dollars into the country this year Amazon plans to invest more than US$35 billion in India…
Business
Amazon to invest over US$35 billion in India on AI, exports
Amazon plans to invest more than US$35 billion in India by 2030 to expand its operations by boosting artificial intelligence (AI)…
Business
Olam unit bags US$1.12 billion dual currency loan facility
It will be used to refinance ofi’s existing loans and for general corporate purposes Agribusiness conglomerate Olam Group said on…
Business
SpaceX to pursue 2026 IPO raising far above US$30 billion
SpaceX is moving ahead with plans for an initial public offering (IPO) that would seek to raise significantly more than US$30 billion,…
Business
Microsoft unveils US$23 billion in new AI investments with big focus on India
Microsoft on Tuesday (Dec 9) unveiled about US$23 billion in new artificial intelligence investments, with the bulk earmarked for India as…
Business
Novartis strikes deal with UK biotech for up to US$1.7 billion
Novartis is on a deal spree this year, including the US$12 billion acquisition of Avidity Biosciences Novartis will pay UK biotech…
Business
Apac airlines to increase net profit by 6.5% to US$6.6 billion in 2026: Iata
Asia-Pacific airlines are projected to record US$6.6 billion of net profit in 2026, up from S$6.2 billion in 2025, the International Air…
Fashion
Warner Bros fight heats up with US$108 billion hostile bid from Paramount
Acceptance of the bid would trigger a US$2.8 billion breakup fee payable to Netflix Paramount Skydance on Monday (Dec 9) launched a…
Business
BHP strikes US$2 billion funding deal with GIP for iron ore power network
The two firms will form an entity in which BHP will hold a 51% stake and GIP the remaining 49% stake BHP Group said on Tuesday (Dec 8)…
Business
Vietnam’s Vingroup to develop US$3 billion ecosystem in Telangana, strengthens India push
VinFast, despite its ongoing global expansion, continues to report widening losses Vietnam’s largest conglomerate Vingroup on Tuesday (Dec…
Business
James Cameron Says Studio Pushed Back Against Adding ‘Avatar’ Sequels, So He Asked: ‘What Part of You Getting Another Chance to Make $2 Billion Is in Question Here?’
James Cameron revealed in an interview with Discussing Film that he received pushback from the studio when he decided to expand the number…
News
Trump set to announce $12 billion 'bridge' bailout for farmers
President Trump will unveil a long-awaited $12 billion bailout package Monday for farmers hurt by high prices and trade wars with China…
Business
IBM accelerates cloud drive with US$11 billion Confluent deal as AI demand booms
Confluent provides technology needed to manage massive, real-time data streams for artificial intelligence models IBM said on Monday (Dec…
Business
Indonesia fines dozens of palm oil, mining companies US$2.3 billion for operating in forest areas
The task force handed over 1.5 million hectares of plantations to state firm Agrinas Palma Nusantara An Indonesian government task force…
Business
Netflix–WBD Deal Would Create $6.6 Billion APAC Heavyweight, Media Partners Asia Warns of ‘Licensing Cliff’
Netflix’s planned acquisition of Warner Bros. Discovery’s studio and streaming assets would build a $6.6 billion annual recurring revenue…
Culture
Netflix stock sinks as the streaming giant reveals plans to buy Warner Bros. and HBO in $83 billion mega-deal
Netflix has announced that it intends to buy legendary Hollywood studio Warner Bros. in a deal valued at approximately $82.7 billion. The…
Culture
Netflix to Buy Warner Bros. and HBO Max in $82.7 Billion Deal
It’s official: Netflix and Warner Bros. Discovery announced an agreement under which Netflix will acquire Warner Bros., including its film…
Culture
Netflix to buy Warner Bros Discovery’s studios, streaming unit for US$72 billion
The deal will further tilt the power balance in Hollywood in favour of the streaming giant Netflix on Friday (Dec 5) agreed to buy Warner…
Business
China chipmaker Moore Threads soars 469% after eight billion yuan IPO
The listing comes as optimism over the country’s drive for tech self-sufficiency intensifies, fuelled by trade tensions and fears of US…
Business
China chipmaker Moore Threads soars 502% after eight billion yuan IPO
The listing comes as optimism over the country’s drive for tech self-sufficiency intensifies, fuelled by trade tensions and fears of US…