News
China targets online commerce battles in latest regulatory salvo
[BEIJING] China unveiled broad regulations on Wednesday (Jan 7) that ban major platforms such as Alibaba Group Holding from coercing online merchants into promotions, one of a raft of...
Berkshire Hathaway raises new CEO Abel’s salary to US$25 million
[NEW YORK] Berkshire Hathaway said on Tuesday (Jan 6) it raised the salary of new chief executive Greg Abel to US$25 million, far exceeding the US$100,000 annual salary that...
Major Chinese ports handle record throughput in 2025 amid US tariffs
[SINGAPORE] Major Chinese ports reported record-high container throughput in 2025, shrugging off tariffs imposed by the United States.Ningbo-Zhoushan port’s container throughput came in at over 43 million 20-foot-equivalent units...
Ocean Network Express, MTI form JV to advance shipping industry’s digital transformation
It aims to promote the digital transformation of operations and business models using artificial intelligence [SINGAPORE] Singapore-based shipping line Ocean Network Express (ONE) and MTI have set up a...
Amid low rates, UOB Asset Management launches dividend-focused ETF aiming to pay 6%
The new fund invests in ‘leading companies’ in Singapore, Indonesia, Thailand, Malaysia and the Philippines[SINGAPORE] With rates steadily falling over the past year, investors might be on the lookout...
Lenovo expands AI lineup with Nvidia tie-up, Qira platform
CHINA’S Lenovo, the world’s largest personal computer maker, on Tuesday said it has teamed up with US AI chip leader Nvidia to help AI cloud providers quickly put data...
Budget 2026: KPMG, SID propose AI training fund for board directors, new work pass category for global ‘master trainers’
Other recommendations include industry-specific job transformation maps and a digital platform harmonising FTAs [SINGAPORE] Establishing a fund for artificial intelligence (AI) governance training for board directors and introducing a...
Elon Musk company bot apologizes for sharing sexualized images of children
Grok, the chatbot of Elon Musk’s artificial intelligence company xAI, published sexualized images of children as its guardrails seem to have failed when it was prompted with vile user...
The biggest startups raised a record amount in 2025, dominated by AI
The excitement around artificial intelligence led to a record year for certain types of fundraising. Silicon Valley’s AI companies secured record funding in 2025, even as investors advised startups...
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...
