Amazon CEO reveals AI revenue, dismisses spending doubts in annual letter
April 9 : Amazon's AI services at its cloud-computing unit are generating annualized revenue of more than $15 billion, CEO Andy Jassy said, the first time the company has reported numbers on a business it has backed with billions of dollars in investment.The figure, based on first-quarter perfo ...
Amazon cloud unit's annualized AI revenue exceeds $15 billion, CEO Jassy says
April 9 : Amazon's AI services at its cloud-computing unit are generating annualized revenue of more than $15 billion, CEO Andy Jassy said, the first time the company has reported numbers on a business it has backed with billions of dollars in investment.The figure, based on first-quarter perfo ...
Amazon cloud unit's AI revenue run rate exceeds $15 billion, CEO says
April 9 : Amazon.com said on Thursday its cloud business's AI revenue run rate was more than $15 billion in the first quarter of 2026, the company's first disclosure of direct financial returns from its artificial intelligence efforts. The numbers are also "ascending rapidly", Am ...
Work+Store to expand as demand for space grows and evolves
Samantha Chiew - Post-Coliwoo listing, LHN Group is in a stronger position to allocate resources across its portfolio, including initiatives for its self-storage subsidiary Work+Store Space in Singapore is a rare commodity, whether in the residential or industrial sector. This scarcity has long driven demand for sto ...
Pentagon's ouster of Anthropic opens doors for small AI rivals
WASHINGTON, April 9 : Small defense industry artificial intelligence startups are suddenly fielding calls from generals, combatant commanders and deep-pocketed investors, after the souring relationship between the Pentagon and its once-favored AI vendor, Anthropic, reinforced the need to diversify a ...
SGX's daily average turnover value for shares in March hit highest level since Oct 2007
The Edge Singapore - SGX's securities market turnover for March jumped 78% y-o-y $52.8 billion, with securities daily average value (SDAV) up 62% y-o-y at $2.4 billion, or the highest since October 2007, thanks to both institutional and retail participation. For context, back when the market was in a slumber before ...
Work+Store faces off with big boys in self-storage and wine storage
Jovi Ho - LHN Group’s self-storage subsidiary Work+Store — the focus of City & Country’s cover story this week — is muscling into a competitive market in Singapore backed by investors with deep pockets. Even with seven facilities islandwide, totalling some 295,000 sq ft of net lettable area, Work+ ...
Oil rout gives Asian currencies some breathing room – if Middle East ceasefire holds
Renald Yeo - But lower prices alone may not be enough to drive a sustained recovery, analysts say
CBD Grade-A office rents rise for fifth straight quarter in 1Q2026
Jovi Ho - Rents for the most highly-sought-after core CBD Grade-A office spaces in Singapore rose for the fifth consecutive quarter in 1Q2026, a result of firm occupier demand and tightening supply of large, contiguous floor plates. Data from Knight Frank, JLL, Colliers and CBRE place the average monthly rent ...
China’s car exports accelerate despite disruption from Middle East crisis
Dealers remain under pressure from bloated inventories, with unsold vehicle stocks rising in March
AI ‘redistributing demand’ for offices, business parks in S’pore, China and India: CapitaLand Investment
Jovi Ho - Artificial intelligence (AI) is redistributing jobs, not eliminating them, says CapitaLand Investment (CLI). This is set to change how tenants occupy offices and business parks in Singapore, India and China — assets that are found in the portfolios of CLI’s stable of Singapore-listed REITs, part ...
TPG taps Maybank, UBS to explore Asia OneHealthcare sale or IPO: sources
TPG may decide to keep the Kuala Lumpur-based medical services provider
Banks keep Australia shares at five-week high, US-Iran truce concerns linger
[SYDNEY] Australian shares edged higher on Thursday (Apr 9) to finish at a five-week peak, led by financials, as caution persisted over...
Hanwha Aerospace drops plan to acquire Poongsan's defence unit
SEOUL, April 9 : South Korea's Hanwha Aerospace said in a regulatory filing on Thursday it has discontinued a review of whether to acquire Poongsan's defence business unit.Hanwha, which has emerged as South Korea's leading defence firm, was reported to have been considering the acquis ...
Digital Realty to invest nearly $7 bil in Singapore to support Apac’s AI inference growth
Nurdianah Md Nur - Cloud- and carrier-neutral data centre platform Digital Realty is targeting nearly $7 billion in total investment in Singapore to support the city-state as a hub for artificial intelligence (AI) inference in Asia Pacific. More than $4.3 billion will be allocated to new data centre development, build ...
China considers financial aid for airlines hit by oil shock: sources
Subsidies, tax breaks, mergers, and state-backed low-interest loans are options being explored
Seven & i delays listing of North America business
ESR clinches US$850 million in equity for logistics real estate, data centre growth
Therese Soh - This comes amid the company’s long-term strategic transformation into a more focused business
Uniqlo owner Fast Retailing books 29.4% rise in Q2 profit
TOKYO, April 9 : The Japanese owner of clothing brand Uniqlo said on Thursday that quarterly profit rose 29.4 per cent just before the Middle East crisis roiled global markets and supply chains, and raised its full-year forecast. Fast Retailing said its operating profit was 189.8 billion yen ($1.19 ...
Foreign investors pour 3 trillion yen into Japanese stocks on return after three weeks
JAPANESE stocks witnessed a huge influx of foreign funds in the week through April 4, a turnaround from three successive weeks of...
Japan's consumer mood worsens in March as Iran war bites
TOKYO, April 9 : Japan's consumer confidence worsened in March for the first time in three months, a government survey showed on Thursday, adding to growing signs that soaring fuel costs from the Middle East conflict were taking a toll on the fragile economic recovery.An index measuring consume ...
Japan's consumer mood worsens as Iran war clouds chance for April rate hike
TOKYO, April 9 : Japan's consumer confidence worsened in March at a pace unseen since the COVID-19 pandemic in 2020, a government survey showed, swelling the toll on a fragile economy from soaring fuel costs caused by the Middle East conflict.The findings underline recent data fleshing out the ...
South Korea's Kia cuts 2030 EV target over 20%, plans humanoid robots at US factory
SEOUL, April 9 : South Korea's Kia Corp said on Thursday that it aims to sell 1 million electric vehicles (EVs) by 2030, lowering its earlier target by about 20 per cent from 1.26 million announced last year, reflecting weaker EV demand and the impact of the U.S. scrapping EV subsidies last yea ...
Kia delays launch of software-focused cars, unveils big hike to investment plans
SEOUL, April 9 : South Korea's Kia Corp said on Thursday it had pushed back plans to build "software-defined vehicles" by one year to 2028, and announced a hefty hike in investment plans, underscoring its struggles to catch up with the likes of Tesla.Shares in the automaker tumbled on ...
Kia boosts investment plan by 30% over the next four years; shares fall
SEOUL, April 9 : South Korean automaker Kia Corp plans to boost its investment plan over the next four years by 30 per cent to boost vehicle electrification, software and other new businesses, according to an investor presentation on Thursday. The company plans to raise its investments to 41.4 trill ...
South Korea's Kia slashes long-term EV target by a fifth
SEOUL, April 9 : South Korea's Kia Corp on Thursday cut its 2030 target for electric vehicle sales by about 20 per cent to 1 million, reflecting weaker demand and the scrapping of EV subsidies in the U.S. last year.Shares in the automaker slid, trading down 4.2 per cent after earlier having ris ...
Arm CEO Haas in line to lead much of parent SoftBank's international business, FT reports
April 9 : Chip designer Arm's CEO Rene Haas is in line to lead much of parent SoftBank Group's international business while keeping his current role at Arm, the Financial Times reported on Thursday, citing multiple people familiar with the matter. SoftBank and Arm, which is majority-owned ...
OVHcloud launches new unit to meet demand from European militaries
April 9 : France's OVHcloud is creating a dedicated defence vertical after several European defence ministries approached it to support their military digital transformation, the datacentre operator said on Thursday.Their needs include AI-augmented command, drone orchestration and communication ...
Sheng Siong, DBS among winners from Singapore’s S$1 billion energy support package: RHB
Deon Loke - Most direct equity beneficiaries are in consumer staples and heartland retail, it says
Samsung family member is said to sell up to 3.1 trillion won in shares
The seller is also conducting a sale of 206,633 preferred shares, according to the terms
Hilton inks agreement with Regenta Hotels to sign, open 125 Hampton by Hilton hotels in India
Jovi Ho - New York-listed hospitality chain Hilton has signed an agreement with Regenta Hotels to sign and open 125 Hampton by Hilton hotels in India. According to an April 8 announcement, the partnership accelerates Hilton’s upper-mid-scale expansion in India, where rising domestic travel and growing deman ...
BOJ chief says Japan's financial conditions remain accommodative
TOKYO, April 9 : Bank of Japan Governor Kazuo Ueda said on Thursday real interest rates are clearly negative and keeping the country's financial conditions accommodative."There is a possibility increased fiscal spending could crowd out private investment by pushing up market interest rates ...
Australian pensions suffer worst month since 2022 on Iran War
While shares have rebounded in April, markets were back on edge by Apr 9
Foreign investors pour $18.65 billion into Japanese stocks on return after three weeks
April 9 : Japanese stocks witnessed a huge influx of foreign funds in the week through April 4, a turnaround from three successive weeks of selling, with investor sentiment stabilizing ahead of a ceasefire in the Iran war.Foreigners invested a net 2.96 trillion yen ($18.65 billion) into Japanese sto ...
