Real Estate
Disney has dramatically cut traditional TV spending, CEO says
WALT Disney has cut its investment in programming for traditional television networks pretty dramatically as part of its strategy to maximise audiences and profit in the streaming TV era,...
Uber unveils US shuttle service, expands Costco tie-up to woo price-conscious users
UBER Technologies is introducing a shuttle service in the US and widening a delivery tie-up with membership-only retailer Costco as part of a series of initiatives unveiled on Wednesday...
China’s Nio launches Onvo brand to challenge Tesla’s best-selling model
CHINESE electric vehicle (EV) maker Nio on Wednesday (May 15) launched the first vehicle in its new lower-priced brand Onvo which aims to compete there with Tesla’s Model Y,...
Visa adds new way to share customer shopping data with retailers
VISA is rolling out new technology that will allow the payments giant to share more information about customers’ preferences based on their shopping history with retailers as it seeks...
Sats picks former Cisco Apac head as chairman-designate
Sats has appointed Irving Tan, former chairman of Asia-Pacific, Japan and Greater China at Cisco, as independent director and chairman-designate.Tan will succeed Euleen Goh as chairman upon the group’s annual...
Hybrids delivering cash chest for Toyota, Honda’s EV ambitions
WHEN Toyota Motor introduced the world’s first hybrid petrol-electric vehicle (EV) in 1997, it made a loss on every Prius it sold. Decades later, booming sales in the category...
US says it raised concerns over AI ‘misuse’ with China
THE United States said on Wednesday it raised concerns with China about its “misuse” of artificial intelligence but voiced hope to keep open communication after the powers’ first dialogue...
Citadel Securities revenue reaches US$2.3 billion in first quarter
CITADEL Securities generated US$2.3 billion of net trading revenue in the first three months of 2024, setting the market-making firm up for a potentially record year as it expands...
