Posts by Stephanie Irvin
IndiGo faces India antitrust scrutiny after mass flight cancellations
Disruptions highlight risks of the 90% IndiGo-Air India duopoly in India’s air market [NEW DELHI] India’s competition regulator said on Thursday (Dec 18) it was reviewing allegations of antitrust violations by budget airline IndiGo following recent flight disruptions that hit air travel nationwide. The airline, which controls more than 60 per cent of India’s domestic…
Read MoreGoogle works to erode Nvidia’s software advantage with Meta’s help
The effort is part of Google’s aggressive plan to make its TPU a viable alternative to Nvidia’s GPUs [SAN FRANCISCO] Alphabet’s Google is working on a new initiative to make its artificial intelligence chips better at running PyTorch, the world’s most widely used AI software framework, in a move aimed at weakening Nvidia’s longstanding dominance…
Read MoreChip shortage lingers as Honda to halt output in Japan, China
HONDA Motor will halt production at plants in Japan and China in coming weeks, highlighting the lingering fallout of the global chip shortage. The Japanese carmaker will suspend output in Japan on Jan 5 and Jan 6, a spokesperson said Thursday, without specifying which plants will be affected. All three of the facilities in its…
Read MoreOracle data centre plan hit as Blue Owl walks from US$10 billion deal: source
Blue Owl’s discussions with lenders and Oracle for an OpenAI-linked Michigan data centre stall after failed negotiations Oracle’s largest data centre partner, Blue Owl Capital, will not provide funding for a US$10 billion deal to build its next facility, a source said on Wednesday (Dec 17), amid growing concerns about the cloud computing company’s rising…
Read MoreVolkswagen budget cuts force battery unit to seek external funds
PowerCo is considering bank loans, external investors and a potential public offering [FRANKFURT] Volkswagen’s battery business is being forced to seek external financing after the German carmaker cut its five-year spending plan, creating a mid-term squeeze for the unit. Third-party funding “is an option that we are looking into more closely than before”, PowerCo chief…
Read MoreHigh coffee prices are changing how consumers take their daily brew
The median price of a regular cup of coffee on menus across the US has risen almost 20% since early 2023 [LONDON] Global coffee prices rose to record highs this year, sending the cost of cappuccinos and lattes soaring. But a caffeine habit is hard to kick. So instead of giving up their daily brew,…
Read MoreChina lowers EU pork tariffs in final ruling after 18-month probe
[BEIJING/MADRID] China on Tuesday (Dec 16) sharply reduced tariffs on European Union pork imports worth over US$2 billion in the final ruling of an anti-dumping investigation seen as a response to the bloc’s duties on Chinese electric vehicles (EVs). Some from the European pork industry voiced relief at the decision, though they said the tariffs…
Read MoreStand Strong Show Up For Hanukkah
Hanukkah is not just candles and songs. It’s a story about resilience. Right now, with fresh threats and shaken communities, that story matters. My take is simple: we must stand up, show up, and secure our own future. Attacks on Jews, from Australia to our own neighborhoods, are meant to scare us into silence. They…
Read MorePfizer forecasts 2026 profit below expectations on lower Covid product sales
Pfizer has rolled out a sweeping cost reduction programme in response to the drop in Covid-19 sales [WASHINGTON] Pfizer on Tuesday (Dec 16) forecast 2026 profit below Wall Street estimates as it expects a steep drop in sales of its Covid products and a revenue hit from the loss of exclusivity on some drugs. Investors…
Read MoreEC World Reit granted more time until May 2026 to submit resumption proposal
SGX-ST has considered that it needs more time to work on proposals to meet its loan repayment obligations [SINGAPORE] EC World Real Estate Investment Trust’s (ECW) application for more time to submit a resumption proposal was approved by the Singapore Exchange Securities Trading (SGX-ST), the Reit manager said in a bourse filing on Tuesday (Dec…
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