Posts by Yurie Miyazawa
Trademark or Copyright? Don’t Pick Wrong!
Deciding between trademark and copyright can be a bit of a head-scratcher, but it’s super important for anyone creating stuff or running a business. Whether it’s a catchy logo for your new startup or a novel you’ve poured your heart into, knowing how to protect it legally is key. Messing up can cost you time,…
Read MoreDatabricks caps US$15 billion fundraise with Meta as new investor – The Business Times
DATABRICKS, one of the world’s most valuable privately held tech companies, said on Wednesday (Jan 23) that it has raised more than US$15 billion from companies including Facebook owner Meta Platforms, a wide range of lenders and investment arms of Singapore and Qatar. The company announced a US$10 billion equity fundraising in December but its…
Read MoreByteDance plans US$20 billion capex in 2025, mostly on AI: sources – The Business Times
BYTEDANCE, the Chinese owner of TikTok, has earmarked over 150 billion yuan (S$27.9 billion) in capital expenditure for this year, much of which will be centred on artificial intelligence, two people briefed on the matter said. The privately held technology giant plans to spend about half of the amount abroad on AI-related infrastructure, primarily data…
Read MoreCathay Pacific to cut profit payout to staff by around 50% – The Business Times
CATHAY Pacific Airways is planning to slash its profit-share payout to its workers by almost 50 per cent. The Hong Kong carrier is only planning to distribute at least four weeks of eligible pay as part of its profit-sharing programme for 2024, according to a staff memo from chief executive officer Ronald Lam seen by…
Read MoreTaiwan’s HTC to sell part of XR unit to Google for US$250 million – The Business Times
TAIWAN’S HTC said on Thursday (Jan 23) it will sell part of its unit for extended reality (XR) headsets and glasses to Google for US$250 million and transfer some of its employees to the US company. The transaction is expected to close in the first quarter of this year, HTC said. The two companies will…
Read MoreBarclays sees heightened competition in India from Japan banks – The Business Times
A RENEWED push by Japan’s biggest banks and other global lenders in India is driving down loan prices with the new players having more appetite for riskier credit, according to the country head for Barclays. “We are certainly seeing a higher degree of competition from some of the banks, including many leading Japanese banks, who…
Read MoreGold holds near record high amid Trump policy risks – The Business Times
GOLD held steady near its record high on Thursday (Jan 23) as investors awaited further direction from the new Trump administration regarding potential tax cuts and trade policies. Spot gold held its ground at US$2,755.68 per ounce, as at 0043 GMT. Prices rose to US$2,763.43 on Wednesday, their highest since Oct 31 when they hit…
Read MoreSK Hynix posts record quarterly profit surpassing Samsung on AI boom – The Business Times
SOUTH Korea’s SK Hynix on Thursday posted a record quarterly profit as the Nvidia supplier saw strong sales of advanced chips such as high-bandwidth memory (HBM) used in generative artificial intelligence chipsets. The quarterly operating profit of 8.1 trillion won (S$7.64 billion) from the world’s second-biggest memory chipmaker exceeded its bigger rival Samsung Electronics’ forecast…
Read MoreAmazon exits Quebec operations, to cut about 1,700 jobs; Ottawa unhappy – The Business Times
E-COMMERCE giant Amazon.com is exiting its operations in the Canadian province of Quebec, leading to the loss of about 1,700 full-time jobs, the company said on Wednesday, prompting Ottawa to express its unhappiness. The online retailer will phase out operations across seven sites in the province — the only location in Canada with unionised Amazon employees — over…
Read MoreJPMorgan’s Dimon sees inflated stocks as ‘animal spirits’ return – The Business Times
JPMORGAN Chase’s dealmakers are spending their time in the Swiss Alps huddling with ebullient clients, but the boss of the biggest US bank is striking a more cautious tone. JPMorgan’s chief executive officer Jamie Dimon said there are signs that the US stock market is overheated. “Asset prices are kind of inflated” in the US…
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