Posts by Yurie Miyazawa
Adani Group to supply clean energy for Google’s India cloud operations
INDIA’S Adani Group will supply clean energy to power Google’s cloud services and operations in India, the ports-to- power conglomerate said on Thursday (Oct 3). The group, owned by billionaire Gautam Adani, will supply energy from a new solar-wind hybrid project located at its 30 gigawatt (GW) Khavda renewable energy park in the western state…
Read MoreSoftBank’s Masayoshi Son envisions AI running households in next few years
SOFTBANK Group founder Masayoshi Son sketched out one of the most aggressive timelines for the adoption of artificial intelligence (AI) yet, envisioning a near future where the technology would run entire households. AI will soon be able to monitor the health of family members, call the doctor when needed, do grocery shopping, make reservations, judge…
Read MoreRice plunges the most in 16 years after India eases export curbs
RICE prices tumbled the most in more than 16 years in Asia as concerns over supply eased after India relaxed some export restrictions. Thai white rice 5 per cent broken – an Asian benchmark – plunged about 11 per cent to US$509 a tonne on Wednesday (Oct 2), according to the Thai Rice Exporters Association.…
Read MoreElite UK Reit applies to develop 80 MW data centre campus in Blackpool
ELITE UK Real Estate Investment Trust’s (Reit) manager has submitted a planning application to develop a new 80-megawatt (MW) data centre campus at Peel Park, Blackpool, England. On Thursday (Oct 3), the manager said that this comes after it received “positive feedback” from the local authority during the pre-planning phase. The proposed campus will be…
Read MoreEU has enough support to impose Chinese EV tariffs: sources
FRANCE, Greece, Italy and Poland will vote on Friday (Oct 4) in favour of tariffs of up to 45 per cent on imports of electric vehicles (EVs) made in China, sources said, enough to push through the European Union’s highest profile trade measures, risking potential retaliation from Beijing. The European Commission, which is conducting an…
Read MoreLevi sees full-year revenue at low end of its guidance range
DENIM maker Levi Strauss narrowed its full-year revenue outlook to the bottom end of its previous range, fuelling concern that demand for the company’s apparel is stagnating. Net revenue is expected to grow about 1 per cent in the company’s current fiscal year, compared with a previous range of 1 to 3 per cent. Sales…
Read MoreOpec+ panel sticks to output policy, doubles down on compliance
A MEETING of top Opec+ ministers has kept oil output policy unchanged including a plan to start raising output from December, while also emphasising the need for some members to make further cuts to compensate for overproduction. Several ministers from the Organization of the Petroleum Exporting Countries and allies led by Russia, or Opec+ as…
Read MoreGIC agrees to buy 25% stake in EQT-backed waste company Reworld
The waste solutions provider serves municipal, residential, commercial and industrial customers in North America SINGAPORE’S sovereign wealth fund GIC has agreed to acquire a 25 per cent stake in waste management company Reworld. The wealth fund is buying the holding from Reworld’s owner, investment company EQT, indicated a statement released on Wednesday (Oct 2). Financial…
Read MoreUK Starling Bank fined £29 million for financial crime failings
THE Financial Conduct Authority (FCA) has fined Starling Bank £29 million (S$49.6 million) after identifying shortcomings in the British digital lender’s anti-money laundering controls and sanctions screening systems dating back to 2017. The watchdog said on Wednesday (Oct 2) that Starling’s measures to tackle financial crime did not keep pace with its growth, and it…
Read MoreSingapore stocks rise, bucking regional trend; STI up 0.1%
Analyst flags the risk that the conflict among major Middle East states could spread beyond the region SINGAPORE shares ended higher on Wednesday (Oct 2), even as most regional exchanges ended in the red. The benchmark Straits Times Index (STI) rose 0.1 per cent or 3.71 points to 3,584.67. Across the broader market, advancers beat…
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