Posts by Mark Darwin
Vietnam’s VinFast to roll out two cars in 2025 in India debut – The Business Times
ELECTRIC vehicle (EV) maker VinFast said it plans to begin selling two made-in-India cars in the South Asian country later this year, marking the Vietnamese carmaker’s debut in the world’s third-biggest car market. It, however, did not disclose pricing for the VF6 and VF7 cars it plans to launch in India – a key detail…
Read MoreKimberly-Clark tissue business draws interest from potential buyers – The Business Times
KIMBERLY-CLARK’S potential sale of its international tissue business has attracted interest from companies including Royal Golden Eagle, Brazil’s Suzano and Asia Pulp & Paper, according to people familiar with the situation. The unit could be valued at about US$4 billion, one of the people said, asking not to be identified discussing a private matter. Deliberations…
Read MoreOpenAI finalises ‘o3 mini’ reasoning AI model version, to launch it soon – The Business Times
CHATGPT maker OpenAI has finalised a version of its new reasoning AI model o3 mini and would be launching it in a couple of weeks, chief executive officer Sam Altman said on Friday (Jan 17). The Microsoft-backed company has considered user feedback and, consequently, plans to release the application programming interface (API) and ChatGPT simultaneously,…
Read MoreGold poised for third weekly gain as markets look to Trump inauguration – The Business Times
GOLD prices were pressured by an uptick in the US dollar on Friday (Jan 17), but remained on track for a weekly gain as uncertainties around incoming President Donald Trump’s policies and renewed bets of further rate cuts lifted bullion above the key US$2,700 level. Spot gold eased 0.4 per cent to US$2,701.03 per ounce…
Read MoreUS Supreme Court upholds law banning TikTok – The Business Times
THE US Supreme Court ruled against TikTok on Friday (Jan 17) in its challenge to a federal law that would have required the popular short-video app to be sold by its Chinese parent company ByteDance or banned in the US on Jan 19. The justices ruled that the law, passed by an overwhelming bipartisan majority…
Read MoreFast Company Discusses AI-Enhanced Police Surveillance
The rise of AI-powered surveillance technology in law enforcement transforms how police departments operate across America. As someone deeply concerned about the balance between public safety and civil liberties, I’ve watched with growing interest as companies like Flock Safety pioneer new approaches to crime prevention through automated license plate recognition (LPR) systems. I took some…
Read MoreUS: Wall St opens higher in countdown to Trump presidency – The Business Times
WALL Street’s main indexes opened higher on Friday (Jan 17), with the S&P 500 and the Dow looking set to log their biggest weekly gains since November, as investors anticipate a wave of policy changes under the incoming Trump administration. The Dow Jones Industrial Average rose 159.4 points, or 0.37 per cent, at the open…
Read MoreSembcorp inks MOUs with Odisha government to develop hydrogen plant, industrial park – The Business Times
Sembcorp Industries, through its subsidiaries Sembcorp Green Hydrogen India Pte Ltd (SGHIPL) and Sembcorp Development, has on Friday (Jan 17) signed two non-binding memoranda of understanding (MOUs) with the state government of Odisha. Under the MOUs, SGHIPL will explore the development of a production facility for green hydrogen and its derivatives, with an anticipated production…
Read MoreUnited Hampshire US Reit unit sells supermarket property for US$23.8 million – The Business Times
United Hampshire US Real Estate Investment Trust (Reit), through its indirect wholly owned subsidiary UH US Albany 2019, has sold a supermarket property in the US state of New York for US$23.8 million. However, the net proceeds of US$23.2 million from the divestment is about 10.2 per cent, or US$2.6 million, lower than the book…
Read MoreValueMax issues 233,436 warrants at S$0.36 apiece – The Business Times
MAINBOARD-LISTED pawnbroking chain ValueMax Group issued 233,436 warrants at the exercise price of S$0.36 each on Friday (Jan 17). The issue price was at a 20 per cent discount to the counter’s closing price of S$0.45 on the day. This brings ValueMax’ ordinary shares to about 868.4 million from 868.2 million, exclusive of 100,000 treasury…
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