News
This Long Beach studio is designing America’s cheapest EV truck
In an echoing Long Beach studio, an ambitious team of designers is trying to reinvent how electric vehicles are made. Slate Auto has assembled a team of EV engineers...
Warner Bros likely to reject Paramount’s latest hostile bid, source says
WARNER Bros Discovery will likely reject Paramount Skydance’s amended US$108.4 billion hostile bid for the storied Hollywood studio despite a personal guarantee from billionaire Larry Ellison backing the media...
Tesla’s vanishing order hastens fall of an US$800 million fortune
TESLA once propelled a little-known South Korean family into the ranks of the ultra-rich on a landmark supply deal. But as the contract fell short of expectations, it became...
US Fed officials showed deep divisions at December meeting: minutes
THE US Federal Reserve agreed to cut interest rates at its December meeting only after a deeply nuanced debate about the risks facing the US economy right now, according to...
SoftBank has completed its US$40 billion investment in OpenAI
It has been building one of the largest private technology investment programmes in the world, with a particular focus on AI and related infrastructure[BENGALURU] Softbank has completed its US$40...
Alibaba, Abu Dhabi set to invest in AI startup MiniMax’s US$600 million IPO
CHINESE artificial intelligence (AI) startup MiniMax has secured Alibaba and the Abu Dhabi Investment Authority as key backers in its upcoming initial public offering (IPO) in Hong Kong, said...
Co-living provider The Assembly Place files preliminary prospectus for Catalist IPO
Proceeds will be used to grow the company’s portfolio, including its expected expansion into Malaysia[SINGAPORE] Co-living operator The Assembly Place on Monday (Dec 30) lodged a preliminary prospectus to...
Southern California has an unlikely AI mecca: the very industrial Vernon
Five miles south of downtown Los Angeles, a single industrial block in Vernon is drawing as much electricity as a small town.Inside a three-story, 242,000-square-foot building known as LAX01,...
Singapore stocks end higher amid mixed regional trading; STI up 0.5%
Across the broader market, gainers outnumber decliners 299 to 203, after 1.4 billion securities worth S$1.1 billion change hands[SINGAPORE] Local stocks closed higher on Tuesday (Dec 30) as regional...
PBOC’s leanest year for easing since 2021 defies Wall Street
Cutting interest rates by a little might prove ineffective in a scenario where households and businesses are reluctant to take on debtCHINA has kept its central bank on the...
