Entrepreneurship
Google faces EU fine next year for favouring own services, sources say
[BRUSSELS] Alphabet’s Google is expected to be fined by EU antitrust regulators next year for not doing enough to comply with EU rules against favouring its own services and products in...
European markets end higher as investors cheer Fed cut; SNB holds rate
EUROPEAN shares closed higher on Thursday after a series of lukewarm sessions, as investors welcomed the US Federal Reserve’s overnight interest rate cut and assessed a policy decision from the...
Disney invests US$1 billion in OpenAI, strikes licensing deal
The company to tap OpenAI tools for new products and experiences, and to roll out ChatGPT to staff[NEW YORK] Walt Disney agreed to invest US$1 billion in OpenAI and...
Seatrium consortium bags major contract with TenneT to link Germany’s grid with North Sea wind power
This brings Seatrium’s value of new wins for FY2025 to over S$4 billion to date[SINGAPORE] A consortium comprising Seatrium and GE Vernova was on Thursday (Dec 11) awarded a...
DBS’ Tan Su Shan is 29th among Forbes’ 2025 World’s 100 Most Powerful Women; two other Singaporeans ranked
The other two are Temasek Trust chair Ho Ching and seasoned venture capitalist Jenny Lee[SINGAPORE] DBS Group chief executive officer Tan Su Shan is one of three business leaders...
Singtel hit with S$1 million fine for 2024 disruption that affected over 500,000 users
The incident on Oct 8 last year affected more than 500,000 users for more than four hours[SINGAPORE] The Infocomm and Media Development Authority (IMDA) imposed a S$1 million fine...
Swiss National Bank holds interest rate at zero, cuts inflation forecast
The outcome shows the central bank setting a higher bar for moving negative than for a standard rate cut[ZURICH] The Swiss National Bank kept its interest rate at zero,...
Bank of Japan reluctant to intervene on rising yields, sources say
The recent rises are due to investors taking a wait-and-see approach on uncertainty over how far the BOJ can eventually raise rates[TOKYO] The Bank of Japan (BOJ) sees a...
India’s aviation watchdog deploys monitors to IndiGo offices
These teams are required to give daily reports to the Directorate General of Civil Aviation[NEW DELHI] India’s aviation regulator, in an unprecedented move, deployed two on-site teams at IndiGo’s...
China’s ZTE may pay more than US$1 billion to the US over foreign bribery allegations: sources
ZTE said it is engaged in “ongoing communication” with the US Justice DepartmentCHINESE telecom equipment maker ZTE Corp may pay more than US$1 billion to the US government to...
