Technology
Couche-Tard abandons 6.8 trillion yen bid to buy 7-Eleven owner
[TOKYO] Canada’s Alimentation Couche-Tard has abandoned its 6.8 trillion yen (S$59 billion) bid to buy Seven & i Holdings, saying the Japanese operator of 7-Eleven convenience stores had refused...
United Airlines profits dip but says Newark has rebounded
[NEW YORK] United Airlines reported a drop in second-quarter profits on Wednesday on higher costs and predicted a rise in travel as geopolitical worries ease.The carrier, which was forced...
Oil settles down; build in US fuel inventories offsets signs demand growing
[HOUSTON] Oil prices settled marginally lower on Wednesday as US fuel inventory builds and concerns about wider economic impact from US tariffs outweighed some signs of increasing demand.Brent crude...
mm2 Asia seeks to delay S$54 million bond repayment by six years
[SINGAPORE] Embattled entertainment group mm2 Asia has proposed to amend a S$54 million-bond deal that was set for redemption in December.In a non-binding memorandum of understanding with its bondholder,...
These California tech hubs are set to dominate the AI economy
Despite suggestions it has been losing its edge, California is way ahead of others when it comes to the hottest technology right now: artificial intelligence. The regions around San...
FLCT to divest commercial building in Australia for A$192.1 million, exiting Melbourne CBD office market
[SINGAPORE] Frasers Logistics & Commercial Trust (FLCT) will divest an office building in Melbourne’s Central Business District (CDB) for A$192.1 million (S$161.4 million), as it seeks to exit the Australian...
Nvidia is the first $4-trillion company. Here are three things to know
SAN FRANCISCO — Nvidia is already the world’s most valuable company, being one of the biggest beneficiaries of the global artificial intelligence boom. This week, the Santa Clara-based chip maker got...
Iata ‘watching very carefully’ for profiteering in tariff-exempt aerospace industry
[SINGAPORE] The International Air Transport Association (Iata) is on the lookout for players in the aerospace industry attempting to profiteer by using trade tariffs to justify price hikes.The industry...
