Leadership
Hospitality S-Reits record 21% DPU growth in FY2023
HOSPITALITY trusts recently took the spotlight as the S-Reit sub-segment reported year-on-year (yoy) growth in distribution per unit (DPU) for FY2023, bolstered by a base effect and a strong...
Lawyers who killed Elon Musk’s US$56 billion pay pact seek Tesla stock
LAWYERS for a Tesla investor who persuaded a judge to throw out Elon Musk’s US$55.8 billion pay package are making an unusual request to have their legal fees paid...
Toyota recalling 380,000 trucks over axle issue
TOYOTA Motor said on Friday (Mar 1) it is recalling about 380,000 trucks in the US over an axle issue that could increase the risk of a crash. The...
Europe: Stoxx 600 hits record high in strong start to March
EUROPE’S benchmark index hit a new record high on Friday (Mar 1) propelled by rate-sensitive stocks, with investors continuing to cheer upbeat corporate earnings while looking past data that...
Meta rebuffs Google’s virtual reality tie-up proposal, The Information reports
META Platforms decided against a partnership with Alphabet to use Google’s Android XR platform for its virtual and mixed-reality Quest headsets, The Information reported on Friday (Mar 1). Google...
India’s Paytm Payments Bank fined over US$662,000 for alleged money laundering
INDIA’S Financial Intelligence Unit (FIU) on Friday (Mar 1) imposed a penalty of US$662,565 on Paytm’s banking arm, Paytm Payments Bank, for alleged money laundering, the country’s finance ministry...
TA Corp H2 net profit up 9% to S$11.7 million
PROPERTY and construction company TA Corporation posted a 9 per cent rise in net profit to S$11.7 million for its second half ended Dec 31, 2023, from S$10.8 million...
Elon Musk sues OpenAI and CEO Sam Altman for abandoning mission
ELON Musk has sued ChatGPT-maker OpenAI and its chief executive Sam Altman, among others, saying they had abandoned the company’s original mission to develop artificial intelligence for the benefit...
