Posts by Stephanie Irvin
Elon Musk’s XAI Holdings is in discussions to raise US$20 billion
[GERMANY] Elon Musk’s XAI Holdings is in talks with investors to raise roughly US$20 billion in funding for his newly combined artificial intelligence (AI) startup and social media business, according to people familiar with the matter. If completed, the prospective deal would be the second-largest startup funding round of all time, according to data provider…
Read MoreOnline Divorce: What They Don’t Tell You
Thinking about an online divorce? It might sound simple and cost-effective, but there are a lot of hidden pitfalls you should be aware of. This article dives into the risks, emotional hurdles, and legal complexities that come with online divorce services. Before you hit that ‘submit’ button on your divorce filing, let’s unpack what you…
Read MoreNissan to end vehicle production at Wuhan plant-Yomiuri
Published Sat, Apr 26, 2025 · 12:08 PM [TOKYO] Nissan Motor will end vehicle production at its Wuhan plant in China during the current business year which ends Mar 31, 2026, the Yomiuri newspaper reported citing sources it did not identify. The decision comes after the operation rate at the 300,000 vehicle capacity plant, which…
Read MoreNASA administrator was once arrested, accused of passing bad checks to casinos
[NEW YORK] President Donald Trump’s nominee for Nasa administrator, Jared Isaacman, was arrested on fraud charges in 2010 and faced lawsuits in two states for writing US$2 million in bad checks to casinos, according to government records and court filings. Isaacman is a billionaire pilot and astronaut who founded the Shift4 Payments company as a…
Read MoreUS pharma tariffs would raise US drug costs by US$51 billion annually, report finds
[LONDON] A 25 per cent US tariff on pharmaceutical imports would increase US drug costs by nearly US$51 billion annually, boosting US prices by as much as 12.9 per cent if passed on, a report commissioned by the industry’s US trade group and reviewed by Reuters shows. The analysis, conducted by Ernst & Young, found…
Read MoreTencent Music in talks to buy Ximalaya for US$2.4 billion
Published Fri, Apr 25, 2025 · 09:02 PM [BEIJING] Tencent Music Entertainment Group is in advanced talks to buy Chinese podcasting startup Ximalaya in a US$2.4 billion deal that would accelerate its push to become China’s answer to Spotify Technology, according to people with knowledge of the matter. Tencent Music, controlled by Chinese tech firm…
Read MoreChina’s Didi recruits ride-hailing drivers in Hong Kong push
[HONG KONG] China’s Didi Global is quietly recruiting new drivers in Hong Kong as it looks to grow outside of mainland China. The move sets the Chinese ride-hailing pioneer up for close competition with Uber Technologies in a financial hub where regulations governing the sector are still in flux, providing a window for rivals to…
Read MoreBYD first-quarter profit soars, beating Tesla on another metric
[HONG KONG] BYD’s net income in the first quarter jumped to 9.15 billion yuan (S$1.7 billion), overtaking Tesla on another key metric and signalling a robust start to the year for China’s No 1 selling car brand. Shenzhen-based BYD’s net income was higher than the 8.1 billion yuan projected by analysts. While the carmaker’s sales…
Read MoreSeatrium chief financial officer resigns, to be replaced by strategy EVP
Current CFO Adrian Teng is leaving to pursue personal interests, with Stephen Lu taking up the role [SINGAPORE] Seatrium has appointed Stephen Lu, its executive vice-president (EVP) for strategy, as its new chief financial officer (CFO). Lu, whose new role will take effect from Apr 29, will continue to concurrently serve as EVP for strategy,…
Read MoreApple aims to build most iPhones for US in India by end-2026
[NEW DELHI] Apple is seeking to import most of the iPhones it sells in the US from India by the end of next year, accelerating a shift beyond China to mitigate risks related to tariffs and geopolitical tensions. The goal means Apple would roughly double its annual iPhone output in India to more than 80…
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