Posts by Mark Darwin
China is ‘rejecting’ Nvidia’s H200 chips, outfoxing US strategy, David Sacks says
The Asian nation is weighing a package of incentives worth as much as US$70 billion to support its local chipmaking industry [WASHINGTON] China has figured out the US strategy for allowing it to buy Nvidia’s H200 and is rejecting the AI chip in favour of domestically developed semiconductors, White House AI czar David Sacks said,…
Read MoreBitcoin hoarding company Strategy remains in Nasdaq 100
[BENGALURU] Bitcoin hoarding giant Strategy clung to its place in the Nasdaq 100 on Friday (Dec 12), continuing its year-long stint in the benchmark at a time where analysts have raised questions over its business model. Some market watchers have suggested Strategy’s pioneering business model of buying and holding bitcoin, which has spawned dozens of…
Read MoreGoogle faces 110 million euros French asset freeze after Russian ruling, documents show
[PARIS/MOSCOW] The administrator of Google’s defunct Russian business has obtained a temporary freeze on some 110 million euros (S$167 million) of the Alphabet-owned company’s assets in France, official orders seen by Reuters show. The move represents a rare attempt by Russian authorities to use legal channels to target assets of western companies overseas, amid rising…
Read MoreOil posts weekly loss on oversupply concerns
IEA forecasts published on Thursday indicated that global oil supply will exceed demand by 3.8 million barrels per day next year [HOUSTON] Oil prices closed lower on Friday (Dec 12), marking a 4 per cent weekly decline as a supply glut and a potential Russia-Ukraine peace deal outweighed worries about any impact from the US…
Read MoreUltragreen.ai’s stabilising manager buys 2.3 million shares in fifth stabilising action since IPO
Citigroup Global Markets Singapore has now bought around 17.7 million shares of the medical technology company’s shares [SINGAPORE] The stabilising manager of Ultragreen.ai purchased about 2.3 million shares of the counter on Wednesday (Dec 10), marking the fifth stabilising action it has taken since the medical technology company’s initial public offering (IPO) on Dec 3.…
Read MoreIf You Can’t Budget Marketing, Don’t Start
I’ve scaled brands from zero to millions, and I’ve seen the same painful mistake repeat. Companies try to buy growth before they’ve earned it. Paid marketing is not a magic wand. It’s a force multiplier. If there’s nothing to multiply, you’ll just burn cash. Here’s my stance: if you can’t invest about $10,000 a month…
Read MoreLMIRT launches rights issue to raise S$63 million
Most of the proceeds will go towards paying off loans; some of it will be used for general working capital [SINGAPORE] Lippo Malls Indonesia Retail Trust (LMIRT) launched a non-underwritten rights issue on Tuesday (Dec 9) at S$0.007 per rights unit, in a bid to raise S$63 million to pay off its existing loans and…
Read MoreS-Reits set for best year since 2019 with 14.7% total returns in the year to date
Of the 33 iEdge S-Reit Index constituents, 29 posted positive total returns in the year to date [SINGAPORE] Singapore-listed real estate investment trusts, or S-Reits, are set to deliver their best yearly performance in six years, as prices rebound amid stable operating performances and a more supportive interest rate environment. As at Friday (Dec 5),…
Read MoreDesigning Global Systems That Work: A Conversation With Stephanie Zabriskie
Stephanie Zabriskie is a global finance and development executive and nonprofit founder whose work spans luxury destination development, public-private partnerships, and Indigenous-led humanitarian systems. We sat down with her to talk about building billion-dollar projects, navigating cross-cultural environments, and why empathy is an underrated business strategy. Under30CEO: You’ve built a career leading major international developments.…
Read MoreTop 6 Logistics and Transportation Companies in North America for Oversized and Heavy Haul Freight
When it comes to moving massive cargoes, think industrial machinery, wind turbine parts, or construction equipment, oversized freight shipping isn’t just about loading a truck and hitting the road. It’s about skill, safety, and coordination. You require a logistics partner that can handle the complexity, permits, and sheer size of your shipment. So, if you’ve…
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