Entrepreneurship

Industrials, automakers drive European shares higher at close
Automakers led sectoral advances, climbing 2.2%, with Porsche and Mercedes-Benz adding 5.7% and 4.4% respectively[BENGALURU] European shares closed higher on Thursday (Dec 4), led by industrials and automakers, as...
Sunpower Group to buy stakes in two China thermal energy projects
It will take 15% equity interest in Xinneng Thermal Power, and the remaining interest in Changshu Thermal Power that it does not own[SINGAPORE] Sunpower Group on Thursday (Dec 4)...
EU launches antitrust probe into Meta over use of AI in WhatsApp
[BRUSSELS] Brussels has opened a new antitrust investigation into Meta Platforms over its rollout of artificial intelligence features in WhatsApp, the European Commission said on Thursday (Dec 4), reflecting...
DayOne Data Centers seeks US$2 billion in upsized funding deal: sources
[SINGAPORE] Singapore-based DayOne Data Centers is in advanced talks to raise more than US$2 billion in an upsized Series C funding round to help support its expansion in international...
Cambricon aims to triple chip output to replace Nvidia in China
The company is preparing to deliver half a million artificial intelligence accelerators in 2026[BEIJING] Cambricon Technologies plans to more than triple its production of AI chips in 2026, aiming...
India central bank to tolerate weaker rupee as inflows dry up
[MUMBAI] India’s central bank will tolerate a weaker rupee as the country’s external sector confronts multiple headwinds including a wider trade gap and stalling of dollar inflows into the...
Data centres are expensive. Reits are ‘powerful tools’ to raise capital – and Singapore is benefiting
Data centres are projected to need US$6.7 trillion in global investments to keep up with computing power demand by 2030[SINGAPORE] Data centres are expensive to construct and operate, as...
Reits are emerging as ‘powerful tools’ to fund rocketing data centre costs – Singapore benefits
Data centres are projected to need US$6.7 trillion in global investments to keep up with computing power demand by 2030[SINGAPORE] Data centres are expensive to construct and operate, as...
Paramount hikes Warner Bros breakup fee to US$5 billion
[LOS ANGELES] Paramount Skydance more than doubled the proposed breakup fee in its offer to acquire Warner Bros Discovery to US$5 billion, according to sources familiar with the company’s...
Ringgit rally, fiscal strength fuel Malaysia’s bond momentum
[KUALA LUMPUR] Malaysia’s improving fiscal outlook, moderating inflation and resilient currency are enhancing the appeal of its bonds, positioning them for continued gains into next year.Global funds have poured...
Concerns of weak prospects at Low Keng Huat belie a history of strong shareholder returns
Over the past 16 years, its shares have delivered a total return higher than that of STI, CDL, Hongkong Land and UOL shares[SINGAPORE] The offeror for Low Keng Huat...