News
Pentagon cited Alibaba on China military aid in Oct 7 letter
[WASHINGTON] The Pentagon concluded that Alibaba Group Holding, Baidu and BYD should be added to a list of companies that aid the Chinese military, according to a letter to...
New Zealand central bank says economic recovery picking up
[AUCKLAND] Early indicators suggest the economy had been expanding during the second half of this year and demand had stabilised, Reserve Bank of New Zealand Governor Christian Hawkesby told...
Stellantis deepens Europe’s reliance on China with CATL plant
[MADRID] Stellantis, the maker of Peugeot and Jeep vehicles, and China’s CATL broke ground on a 4.1 billion euros (S$6.2 billion) battery plant in northern Spain, a project that...
Europe’s Stoxx 600 climbs on Fed cut hopes; banks rally post-UK budget announcement
EUROPE’S main equity indexes closed higher on Wednesday, led by technology stocks as growing expectations of a US rate cut boosted global risk appetite, while financials also found support...
Chinese regulators block ByteDance from using Nvidia chips, The Information reports
The reported ban underscores Beijing’s efforts to reduce reliance on US technology[BEIJING] Chinese regulators have barred TikTok-owner ByteDance from deploying Nvidia chips in new data centres, The Information reported...
Allianz to cut up to 1,800 jobs due to AI advances
[MUNICH] German insurance group Allianz plans to cut up to 1,800 jobs in its travel insurance division, mainly in call centres, as artificial intelligence increasingly replaces manual processes, a...
China’s Didi Q3 revenue up 8.6% as costly overseas expansion accelerates
The company has accelerated overseas investment this year, notably expanding food delivery to additional cities[BEIJING] Didi Global reported an 8.6 per cent rise in third-quarter revenue on Wednesday (Nov...
Hiew Yoon Khong’s exit: help list Mapletree or merge it with CapitaLand
Lay the foundations for Mapletree’s next chapter and let retail investors own equity in it HIEW Yoon Khong has been group chief executive officer of Temasek’s wholly owned Mapletree Investments...
Japan’s Nikkei surges after Wall Street’s gains
[TOKYO] Japan’s Nikkei share average surged on Wednesday (Nov 26), with tech stocks leading the charge in a broad-based rally after Wall Street closed higher overnight on increasing prospects...
Commentary: California’s first partner pushes to regulate AI while Trump and tech bros thunder forward