Fashion
China’s power reforms, global data centre buildout usher in battery boom
[BEIJING] A revamp of China’s electricity market is boosting the economics of storing power just as international demand surges, sparking a boom for the Chinese energy storage manufacturers that...
Uniqlo’s owner boosts new graduate pay as Japan faces inflation
UNIQLO owner Fast Retailing will raise base salaries for new graduates in Japan by as much as 12 per cent, stepping up efforts to secure and retain talent as...
Why investors are betting on nuclear fusion even as it remains elusive
Interest in fusion has been further fuelled by the proliferation of data centres, as tech firm hunt for sources to power their cloud computing and AI operationsNUCLEAR fusion has...
Record US$350 billion deals boom fuels upbeat M&A outlook in Japan
Corporate governance reforms aimed at improving shareholder returns are helping to transform the country into a hive of activityIT HAS been a record year for deals involving Japanese companies,...
SoftBank races to fulfil US$22.5 billion funding commitment to OpenAI by year-end: sources
[NEW YORK/TOKYO/SAN FRANCISCO] SoftBank Group is racing to close a US$22.5 billion funding commitment to OpenAI by year-end through an array of cash-raising schemes, including a sale of some...
ValueMax to defend claims of infringement by LV, says it doesn’t carry LV products currently
[SINGAPORE] ValueMax says it is vigorously defending claims of infringement and does not currently carry LV products at all its outlets, in response to queries after news broke that...
TikTok owner ByteDance on track for US$50 billion profit in 2025
BYTEDANCE is on track for profits of roughly US$50 billion in 2025, capping a record year for a Chinese social media leader making major inroads into e-commerce and new...
French court rejects Shein suspension
A FRENCH court on Friday rejected the state’s request to suspend Shein’s site in France as “disproportionate” after the Asian e-commerce giant removed illicit products sold on its platform.The...
European stocks hover near record on lingering policy optimism
EUROPEAN stocks hovered near a record on Friday, wrapping up the final full trading week of the year with optimism around further policy easing and resilient growth in the US.The Stoxx...
Citadel posts worst return since 2018 as natural gas bets falter
This is partly due to erratic swings triggered by geopolitical turmoil, making trades hard to stick to[NEW YORK] Ken Griffin’s Citadel is on track for its worst annual return...
