Entrepreneurship
AstraZeneca cancels UK plant after subsidies cut
BRITISH pharmaceutical giant AstraZeneca said on Friday (Jan 31) that it was abandoning plans to build a £450 million (S$756.9 million) vaccine plant, a major blow to the Labour...
OpenAI releases cheaper model o3-mini in wake of DeepSeek
OpenAI rolled out a new, lightweight artificial intelligence (AI) model that it said is capable of human-like reasoning and makes gains on efficiency – a product that will be closely watched following the release of...
Samsung warns of slow AI chip sales in Q1, hurt by US restrictions on China
SAMSUNG Electronics on Friday warned of sluggish sales of its artificial intelligence chips in the current quarter due to U.S. export restrictions to China, and as it worked towards...
Musk-Trump bromance turns X debt from burden to asset for Morgan Stanley
JUST a few months ago, Morgan Stanley was stuck with billions of US dollars of unloved debt tied to Elon Musk’s controversial 2022 buyout of social-media platform Twitter. It...
BOJ must maintain monetary support, says governor Ueda
BANK of Japan (BOJ) governor Kazuo Ueda said on Friday (Jan 31) that the central bank must maintain loose monetary policy to ensure underlying inflation gradually accelerates towards its...
Nissan, Honda to announce direction of possible integration by mid-February, Nissan says
NISSAN Motor will aim to announce the direction of its possible integration with Honda Motor by mid-February, a company spokesperson said on Friday, pushing back the plan from the...
Logan Group says creditors holding 66% debt have agreed to overhaul plan
DEFAULTED Chinese developer Logan Group said creditors holding over 66 per cent of the group’s US$6.2 billion offshore debt have signed an agreement in support of its restructuring plan,...
URA should whet the appetite of developers with a prime CBD office site in Singapore
A POTENTIAL shortage may be on the horizon for Singapore’s Core Central Business District (CBD) Grade A office market.Following the completion of IOI Central Boulevard Towers (IOICBT) in 2024,...
World’s richest people lose US$108 billion after DeepSeek sell-off
The world’s 500 richest people, led by Nvidia co-founder Jensen Huang, lost a combined US$108 billion on Monday (Jan 27) as a tech-led sell-off tied to Chinese artificial intelligence...
Latest Singapore six-month T-bill cut-off yield rises to 3.04%
THE cut-off yield on Singapore’s latest six-month Treasury bill (T-bill) rose to 3.04 per cent, based on auction results released by the Monetary Authority of Singapore on Tuesday (Jan...
