Posts by Stephanie Irvin
PwC to become OpenAI’s largest enterprise customer, WSJ reports
ACCOUNTING giant PwC will become the largest customer and first reseller of OpenAI’s enterprise product as part of a new deal, the Wall Street Journal reported on Wednesday (May 29). PwC will roll out ChatGPT Enterprise, a version of the Microsoft-backed AI startup’s chatbot aimed at large companies, the report said. The accounting firm will…
Read MoreConocoPhillips in advanced talks to buy Marathon Oil
ConocoPhillips is in advanced talks to buy Marathon Oil in an all-stock deal that could value the Houston-based company at a little over its US$15 billion market value, the Financial Times reported on Wednesday (May 29) citing people briefed on the matter. Although a deal seemed to be imminent late on Tuesday night, there was…
Read MoreAnglo won’t extend BHP deadline, threatening end to takeover bid
Anglo American said it won’t give BHP Group any further time to commit to a takeover offer, signalling the likely end for now to a US$49 billion pursuit by the world’s biggest mining company. The decision marks a dramatic climax to the five-week battle between two of mining’s biggest names, just hours before a 5…
Read MoreUber to offer Seine cruises, day trips in Paris during Olympics rush
UBER Technologies unveiled a raft of measures on Wednesday (May 29), including a tie-up to offer cruises on the Seine river as it looks to meet explosive demand stemming from the upcoming Olympics in Paris. The ride-hailing platform will offer its “Uber Cruises” free of charge from Jul 12 to Aug 3, and customers can…
Read MorePwC lost five China clients in May after Evergrande-linked probe
PRICEWATERHOUSECOOPERS (PwC) lost five Chinese clients in May alone, adding to a list of more than a dozen firms its stopped auditing in the country in the last two years. China Taiping Insurance Holdings said on May 27 that it appointed KPMG as its auditor for 2024 after PwC retired, just as China Merchants…
Read MoreGIC ‘excited’ by Japan, seeks to engage more with firms
GIC sees more opportunities to engage with Japanese companies to help them boost returns following a raft of governance reforms in the nation. The Singaporean sovereign wealth fund is “excited” by prospects in Japan and hunting for more deals as the governance overhaul and the end of deflation make the market more attractive, said Bryan…
Read MoreUnion at Samsung Electronics in South Korea to take strike action
SAMSUNG Electronics’ union in South Korea has declared it will start taking strike action, including advising members as an initial protest to take annual leave on June 7, a union official said during a live-streamed press conference on Wednesday. The union accounts for about 28,000 workers, or more than a fifth of the company’s total workforce,…
Read MoreWhat layoff benefits are Asian tech workers getting?
TECH in Asia has been tracking layoffs in Asia’s tech industry, and the numbers are staggering: Over 100,000 pink slips have been issued since the start of the funding winter. Despite the scale of layoffs, data on the benefits that laid off workers receive are scant. This article represents our stab at collecting such information. …
Read MoreValuetronics posts 18.9% fall in H2 profit to HK$77.4 million
Valuetronics : BN2 0% Holdings : BN2 0%, which provides electronics manufacturing services, on Wednesday (May 29) posted an 18.9 per cent increase in net profit for the second half ended Mar 31, 2024. Net profit for the six-month period stood at HK$77.4 million (S$13.4 million), compared with a net profit of HK$65.1 million posted…
Read MoreShell plans job cuts in offshore wind business
SHELL is preparing to cut staff from its offshore wind business as chief executive officer Wael Sawan moves the company away from the capital-intensive renewable energy sector. The British oil major is set to begin the layoffs within months, mainly in Europe, according to sources familiar with the matter who requested not to be identified…
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