News
Aramco CEO will keep borrowing even as oil slump cuts cashflow
[DUBAI] Saudi Aramco is targeting more borrowings to finance growth and better leverage its balance sheet, chief executive officer Amin Nasser said, as the world’s biggest oil exporter raised...
Vietnam’s AI ambitions hinge on one US$6.8 billion tech company
[HANOI] Four decades ago, Truong Gia Binh set up a technology company using a single computer in a room loaned by his then-father-in-law, general Vo Nguyen Giap, revered for...
Meta AI bot used a billion times monthly: Mark Zuckerberg
[SAN FRANCISCO] Meta chief Mark Zuckerberg touted the tech firm’s generative artificial intelligence (Gen AI) assistant on Wednesday, telling shareholders it is used by a billion people each month...
Sembcorp wins solar energy project to supply power in India
[SINGAPORE] Sembcorp Industries’ wholly owned renewables subsidiary, Sembcorp Green Infra, was awarded a build-own-operate solar energy storage hybrid project by SJVN, an Indian state-owned power company. Sembcorp Green Infra...
Seatrium posts S$21.3 billion Q1 net orders
[SINGAPORE] Seatrium recorded net order book wins amounting to S$21.3 billion as at end-March, comprising 26 projects with delivery dates till 2031. Of these, nine are scheduled for delivery...
US to ban foreign officials over ‘flagrant censorship’ on social media
[WASHINGTON] The US will impose visa bans on foreign nationals it deems to be censoring Americans, Secretary of State Marco Rubio said on Wednesday, and he suggested the new policy...
Salesforce says AI has reduced hiring of engineers and customer service workers
Tech companies are relying on artificial intelligence to help with everything from customer service to software engineeringPublished Thu, May 29, 2025 · 09:04 AM[NEW YORK] Salesforce said the use...
US firms plan to pass Trump tariff costs to consumers: Federal Reserve minutes
[WASHINGTON] US firms have warned the Federal Reserve that the cost of President Donald Trump’s tariffs will likely be borne by consumers, according to minutes of the bank’s most recent...
Factory that symbolised Nissan’s rise may become victim of its decline
[YOKOSUKA, Japan] When Nissan’s Oppama plant opened in 1961, it was one of Japan’s first large-scale auto factories and a symbol of the company’s global ambitions. Sixty-four years and...
Nvidia gives solid forecast, even as China slump mars growth
[SAN FRANCISCO] Nvidia, the world’s most valuable chipmaker, gave an upbeat revenue forecast for the current period, even as a slowdown in China weighed on results.Sales will be about...
