Posts by Mark Darwin
Schneider Electric working with Nvidia to design data centre cooling systems
FRENCH electrical equipment maker Schneider Electric is working with Nvidia to develop designs for data centre cooling systems for use in new artificial intelligence (AI) data centres, it said on Wednesday (Dec 4). Schneider’s designs will be used in data centres that use Nvidia’s flagship server containing 72 of its most powerful AI chips, which…
Read MoreGold little changed; investors await US payrolls data
GOLD prices were little changed on Thursday (Dec 5) as investors awaited US payrolls data, due on Friday, for more cues on the Federal Reserve’s monetary policy path. Spot gold was flat at US$2,648.89 per ounce, as at 0027 GMT. US gold futures eased 0.1 per cent to US$2,672.60. The US payroll report on Friday…
Read MoreSTI rises 0.6% as banking shares make strong gains amid mixed Asia markets
SINGAPORE stocks were close to a record high on Thursday (Dec 5) morning, but eased by the close. The benchmark Straits Times Index (STI) rose 22.74 points or 0.6 per cent to 3,822.68. Across the broader market, gainers outnumbered losers 280 to 244 with 1.1 billion securities worth S$1.4 billion traded. Earlier in the day,…
Read MoreUS Fed’s Jerome Powell expects good relations with Trump administration
US Federal Reserve chair Jerome Powell downplayed the prospects of tension with the incoming Trump administration and said he expects officials can move cautiously as they continue lowering interest rates. “We can afford to be a little more cautious as we try to find neutral,” Powell said in reference to the level for rates that…
Read MoreTikTok Shop triples Black Friday sales, topping US$100 million
TIKTOK tripled its US shopping sales to more than US$100 million on Black Friday, a sign of the app’s growing popularity despite a looming ban. TikTok Shop, the app’s e-commerce feature, also drew a 165 per cent annual increase in shoppers for the two days between Black Friday and Cyber Monday, the company said. More…
Read MoreJPMorgan to sponsor Arsenal FC’s ultra-luxury VIP lounge
JPMORGAN is to sponsor the most prestigious part of English football club Arsenal FC’s Emirates Stadium in London, according to sources familiar with the matter. The US banking giant becomes the first sponsor of Arsenal’s Diamond Club, a lounge that hosts wealthy fans who pay tens of thousands of pounds a season to watch the…
Read More7-Eleven operators in Singapore, Thailand chow down on ready-to-eat segment
Strategy has potential to drive growth and can counter tobacco and alcohol sales being affected, say analysts THE 7-Eleven brand of convenience stores is a familiar sight in this part of the world. But the publicly listed operators of the chain in Singapore and Thailand are jostling for the stores to be seen less as…
Read MoreUnraveling Danny Masterson’s Entertainment Journey
Born on Long Island, New York, Danny Masterson started his career in the entertainment industry as a child model, later venturing into acting. Having appeared in over 100 commercials and several film and TV projects, Masterson ultimately gained fame and fortune for his role as Hyde in the popular sitcom “That ’70s Show.” Over the…
Read MoreESR buyout group close to making US$7 billion binding bid: sources
A consortium seeking to buy out Hong Kong-listed ESR Group is nearing a HK$13-a-share binding offer for the logistics real estate firm, people familiar with the matter said, a move that would bring the months-long takeover pursuit one step closer to an end. The consortium, which includes investment firms Starwood Capital Group, Sixth Street Partners,…
Read More50 Daily Habits of Millionaires
Many people believe that being a millionaire is solely about having a lot of money. While that is true to some extent, there are essential habits that successful people adopt that lead them to wealth. These habits shape their mindset and drive them toward their goals. In this article, we’ll explore 50 daily habits of…
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