Leadership

Renewables provided record 30% of global electricity in 2023, think tank Ember says
Renewables provided record 30% of global electricity in 2023, think tank Ember says
May 7, 2024
GROWTH in solar and wind power pushed renewable generation to a record 30 per cent of global electricity production in 2023, putting a global target to triple renewable capacity...
OpenAI is readying a search product to rival Google, Perplexity
OpenAI is readying a search product to rival Google, Perplexity
May 7, 2024
OPENAI is developing a feature for ChatGPT that can search the web and cite sources in its results, according to a source familiar with the matter, potentially competing head...
Oil settles lower on signs of easing supply tightness
Oil settles lower on signs of easing supply tightness
May 7, 2024
OIL prices closed slightly lower on Tuesday on signs of easing supply concerns, while market participants shifted their focus to US stockpiles data due later today and Wednesday.Brent crude futures...
Reddit gains after strong sales in first report since IPO
Reddit gains after strong sales in first report since IPO
May 7, 2024
REDDIT jumped more than 10 per cent in extended trading after reporting quarterly sales that topped analysts’ estimates, impressing investors in its first results as a public company.Revenue increased...
As money pours into private credit funds, will there be enough borrower demand?
As money pours into private credit funds, will there be enough borrower demand?
May 7, 2024
ASIA’S rapid economic growth and recovering deals pipeline should keep private credit funds supplied with plenty of borrowers, industry players said, amid a growth in lending appetite. But not...
OpenAI inks licensing deal with People magazine publisher
OpenAI inks licensing deal with People magazine publisher
May 7, 2024
OPENAI has inked a licensing deal with Dotdash Meredith that will bring the People magazine publisher’s content to ChatGPT and help train the tech startup’s artificial intelligence models.Under the...
Disney’s surprise streaming entertainment profit offset by weaker TV business
Disney’s surprise streaming entertainment profit offset by weaker TV business
May 7, 2024
Walt Disney’s surprise profit in its streaming entertainment division was eclipsed by a drop in its traditional TV business and weaker box office, sending its shares down 8.5 per...
Far East Orchard net profit up 46.8% to S.9 million in Q1 
Far East Orchard net profit up 46.8% to S$6.9 million in Q1 
May 7, 2024
FAR East Orchard recorded S$6.9 million in net profit for the first three months ended March, up 46.8 per cent from S$4.7 million in the year-ago period. The improvement in...
Singapore architectural firm wins US million deal to light up mega theme park in Saudi Arabia
Singapore architectural firm wins US$28 million deal to light up mega theme park in Saudi Arabia
May 7, 2024
SINGAPORE-BASED Swan & Maclaren Group (SMG), one of the country’s oldest architectural firms, has clinched a US$28 million tender to provide illumination systems for the Six Flags Qiddiya theme...
Tesla’s China-made EV sales fall 18% y/y in April
Tesla’s China-made EV sales fall 18% y/y in April
May 7, 2024
US AUTOMAKER Tesla sold 62,167 China-made electric vehicles in April, down 18 per cent from a year earlier, China Passenger Car Association (CPCA) data showed on Tuesday (May 7). Deliveries...