Exclusive-German semiconductor group Elmos exploring a sale, sources say
NEW YORK / LONDON, March 19 : Germany's Elmos Semiconductor is exploring a sale as its founders consider exiting the business, according to three people familiar with the matter. Elmos, which has a market value of around 2.3 billion euros ($2.5 billion), has hired Morgan Stanley to advise on th ...
Study suggests younger age for Chile's important Monte Verde archaeological site
March 19 : The Monte Verde archaeological site in Chile, discovered in the 1970s, revolutionized the thinking about when humans entered the Americas, with scientists calculating decades ago that this former abode for ancient hunter-gatherers was about 14,500 years old. But a new study suggests it is ...
Ecolab close to buying KKR's data center cooling company for up to $5 billion, WSJ reports
March 19 : Ecolab is nearing a deal to acquire data center cooling company CoolIT Systems from KKR for between $4.5 billion and $5 billion, the Wall Street Journal reported on Thursday, citing people familiar with the matter.The deal could be announced as soon as next week, the report added.Shares o ...
Ecolab nearing deal to acquire KKR's data center cooling company for up to $5 billion, WSJ reports
March 19 : Ecolab is nearing a deal to acquire data center cooling company CoolIT Systems from KKR for between $4.5 billion and $5 billion, the Wall Street Journal reported on Thursday, citing people familiar with the matter.The deal could be announced as soon as next week, the report added, caution ...
Apple fends off bid for new Apple Watch import ban at US trade tribunal
WASHINGTON, March 19 : A U.S. trade tribunal preliminarily ruled that Apple's current Apple Watches do not infringe patents owned by Masimo, rejecting the medical-monitoring company's bid for a renewed import ban on the tech giant's smartwatches.Apple altered its watches to circumvent ...
Hongkong Land acquires 10.8% stake in Suntec Reit for S$541 million
Ry-Anne Lim - It says the move aligns with its ‘positive outlook and conviction in Singapore’s prime commercial property market’
Broadcom hit with EU antitrust complaint and request for interim measure
BRUSSELS, March 19 : Lobbying group Cloud Infrastructure Services Providers in Europe on Thursday urged EU antitrust regulators to temporarily stop Broadcom from ending its VMware Cloud Service Provider programme in Europe, ramping up its fight against the U.S. tech company.CISPE, which has nearly 5 ...
Cloud industry group calls for EU interim measure against Broadcom over VMware
BRUSSELS, March 19 : Lobbying group Cloud Infrastructure Services Providers in Europe on Thursday urged EU antitrust regulators to temporarily stop Broadcom from ending its VMware Cloud Service Provider programme in Europe, ramping up its fight against the U.S. tech company.CISPE, which has nearly 5 ...
Xiaomi to invest at least 60 billion yuan in AI over next three years, CEO says
The investment comes as competition in China’s cutthroat chatbot space is being redirected to agents
Euro and yen gain, pushing dollar index lower following central bank decisions
NEW YORK/LONDON, March 19 : The euro and the Japanese yen advanced against the U.S. dollar on Thursday as key central banks kept interest rates steady amid concerns about inflation from rising oil prices in the midst of the Middle East conflict.The European Central Bank left interest rates unchanged ...
Euro and yen strengthens, dollar eases as central banks hold rates
NEW YORK/LONDON, March 19 : The Japanese yen and the euro gained while the dollar eased against peers on Thursday as key central banks kept interest rates steady amid concerns about inflation from rising oil prices in the wake of the Middle East conflict.The European Central Bank left interest rates ...
Iran attack wipes out 17% of Qatar’s LNG capacity for up to 5 years: QatarEnergy CEO
The repairs will sideline 12.8 million tonnes of liquefied natural gas annually, says Saad al-Kaabi
Accenture beats quarterly revenue estimates on strong AI demand
March 19 : Accenture beat quarterly revenue estimates on Thursday on strong demand for services that help businesses adopt artificial intelligence and move to the cloud, lifting the IT consulting firm's shares more than 3 per cent.Global consulting firms such as Accenture and Cognizant are seei ...
OpenAI to buy Python toolmaker Astral to take on Anthropic
March 19 : OpenAI said on Thursday it will acquire Python toolmaker Astral, as the ChatGPT owner looks to strengthen its portfolio against rival Anthropic and gain more share in the artificial intelligence coding tools market.The companies did not disclose the financial terms of the deal, but said t ...
Bessent says US aiming to unsanction Iran oil ‘on the water’
This will ease the spike in energy prices triggered by the war in the Gulf
Exclusive-India's proposal to preload national ID app Aadhaar on phones faced pushback
NEW DELHI, March 19 : India's government privately proposed in January that firms like Apple, Samsung and Google consider pre-installing its biometric identification app Aadhaar on phones, a move opposed by a group representing the smartphone giants, industry letters show.The tussle over preloa ...
India's proposal to preload national ID app Aadhaar on phones faced pushback
NEW DELHI, March 19 : India's government privately proposed in January that firms like Apple, Samsung and Google consider pre-installing its biometric identification app Aadhaar on phones, a move opposed by a group representing the smartphone giants, industry letters show.The tussle over preloa ...
Wall St opens lower as oil prices gain
[NEW YORK] Wall Street’s main indexes opened lower on Thursday (Mar 19) as crude prices soared on intensifying Middle East hostilities, reviving...
Google expands utility deals to curb data‑center power use during peak demand
NEW YORK, March 19 : Google has signed agreements with five U.S. electric utilities in states from Arkansas to Minnesota to curtail its electricity use during periods of peak demand, the company said on Thursday, in its latest effort to secure power for fast‑growing data centers amid slow addition ...
ECB keeps rates on hold as Iran war clouds outlook
It’s monitoring the war and its impact on inflation, both including and excluding energy prices, and growth
Paris appeals court rejects France’s attempt to suspend Shein’s marketplace
The French state had found obscene dolls and banned weapons for sale on the retailer’s website
UOB reiterates Asean growth ambition in decade ahead
The Edge Singapore - United Overseas Bank has reiterated its Asean growth ambition, putting this region as one of its priorities in the decade ahead. "We will strengthen our position as the leading trade bank in Asean, build a profitable and scalable consumer franchise and deliver sustainable returns through cycles ...
Some sea carriers are imposing fuel surcharge for road transport
Tay Peck Gek - Meanwhile, others are hiking existing fees
Maersk, Hapag-Lloyd, Japan’s Ocean Network slapping on fuel surcharge for road transport
Tay Peck Gek - Inland part of intermodal freight covers all transport over land using modes such as trucks, and is typically bundled with ocean freight
Uber to invest US$1.3 billion in EV-maker Rivian as part of robotaxi deal
The ride-hailing company will initially invest US$300 million and fund the remaining amount until 2031
Xiaomi to invest at least $8.7 billion in AI over next three years, CEO says
BEIJING, March 19 : Xiaomi will invest at least 60 billion yuan ($8.70 billion) in artificial intelligence over next three years, CEO Lei Jun said on Thursday.His comment comes as the company announced its latest AI model called MiMo-V2-Pro.($1 = 6.8998 Chinese yuan renminbi)
Italian court scraps 15-million-euro privacy watchdog fine on ChatGPT-maker OpenAI
Top Ikea retailer to cut 800 office jobs
This affected jobs across the group, mainly in Sweden and at the headquarters in the Netherlands
Legal data company Relativity confidentially files for US IPO
March 19 : Legal data company Relativity said on Thursday it had confidentially filed for an initial public offering in the U.S.The number of shares to be offered and the price range for the proposed offering have not been determined.Chicago-based Relativity develops cloud-based software using AI to ...
BOE ‘stands ready to act’ as it unanimously votes to hold rates
It has voted to leave rates unchanged at 3.75%
Samsung aims to invest record US$73 billion on AI chip thrust
It is attempting to retake the lead from SK Hynix
Uber to invest up to $1.25 billion in Rivian as part of robotaxi deal
SAN FRANCISCO, March 19 : Uber will invest up to $1.25 billion in electric vehicle maker Rivian as part of a deal in which the ride-hailing firm will start deploying 10,000 fully autonomous R2 SUVs as robotaxis from 2028, the companies said on Thursday.Rivian's shares rose about 9 per cent in p ...
AI push faces a two-speed reality
Nurdianah Md Nur - Budget 2026 placed AI at the centre of Singapore’s growth agenda. Prime Minister and Finance Minister Lawrence Wong described AI as a “decisive factor for success” and said Singapore’s edge lies in deploying it “effectively, responsibly, and at speed.” While the policy direction is clear ...
Choo Chiang applies to move listing from Catalist to Mainboard
The Edge Singapore - Choo Chiang Holdings, quoted on the Catalist since July 2015, plans to transfer its listing to the Mainboard. It has on March 18 made an application to the exchange to do so. "The board is of the view that a listing on the Mainboard would be in line with the group’s long- term strategy and a ...
