Fortnite returns to Google Play in US after court order
Dec 11 : Epic Games' popular battle royale title Fortnite is back on the Google Play Store in the United States after Google complied with a U.S. District Court injunction, the company said on Thursday.Epic added that it is working with Google to seek court approval of a settlement reached betw ...
US appeals court partly reverses sanctions against Apple in Epic Games antitrust lawsuit
WASHINGTON, Dec 11 : Apple on Thursday persuaded a U.S. appeals court to reverse parts of a court order requiring the iPhone maker to make some changes to its lucrative App Store to promote greater competition, while losing its effort to overturn a sweeping injunction.The ruling by the San Francisco ...
Apple wins partial reversal of sanctions in Epic Games antitrust lawsuit
WASHINGTON, Dec 11 : Apple on Thursday persuaded a U.S. appeals court to reverse parts of a court order requiring the iPhone maker to make changes to its lucrative App Store to promote greater competition, but lost its bid to overturn a sweeping injunction.The San Francisco-based 9th U.S. Circuit Co ...
Explainer-What are credit default swaps and why are investors watching Oracle's?
LONDON, Dec 11 : The cost of insuring Oracle's debt against the risk of default has shot up after its latest earnings reignited worries about how much the broader corporate sector is spending on AI and the borrowing surge to fund it.A growing debt pile, at just over $100 billion, means Oracle h ...
What are credit default swaps and why are investors watching Oracle's?
LONDON, Dec 11 : The cost of insuring Oracle's debt against the risk of default has shot up after its latest earnings reignited worries about how much the broader corporate sector is spending on AI and the borrowing surge to fund it.A growing debt pile, at just over $100 billion, means Oracle h ...
OpenAI launches GPT-5.2 AI model with improved capabilities
Dec 11 : OpenAI on Thursday launched its GPT-5.2 artificial intelligence model, touting improvements in general intelligence, coding and long-context understanding, the company said in a statement.The new model is expected to bring even more economic value for users, as it is better at creating spre ...
OpenAI launches GPT-5.2 after 'code red' push to counter Google's Gemini 3
OpenAI on Thursday (Dec 11) launched its GPT-5.2 artificial intelligence (AI) model, after CEO Sam Altman reportedly issued an internal "code red" in early December pausing non‑core projects and redirecting teams to accelerate development in response to Google's Gemini 3.GPT-5.2 c ...
Exclusive-Google faces EU fine next year for favouring own services, sources say
BRUSSELS, Dec 11 : Alphabet's Google is expected to be fined by EU antitrust regulators next year for not doing enough to comply with EU rules against favouring its own services and products in search results, people familiar with the matter said.A penalty against Google will likely rile the Un ...
Rivian debuts custom self-driving chip, $2,500 driver-assistance package
PALO ALTO, Dec 11 : Rivian Automotive on Thursday unveiled its first custom computer chip for self-driving, shifting away from Nvidia's processors, and a new paid driver-assistance package called Autonomy+, as the electric-vehicle maker leans on artificial intelligence to boost revenue.The anno ...
Thai PM Anutin says he will return ‘power to the people’, setting stage for vote
He has submitted a request for the dissolution of parliament to Thailand’s King, according to a government source
Thai PM moves to dissolve parliament, setting stage for elections
King Maha Vajiralongkorn has endorsed the decree
Thailand set for early elections as King endorses PM Anutin’s move to dissolve parliament
King Maha Vajiralongkorn has endorsed the decree
OpenAI sued for allegedly enabling murder-suicide
Dec 11 : OpenAI and its largest financial backer, Microsoft, were sued in California state court on Thursday over claims that OpenAI's popular chatbot ChatGPT encouraged a mentally ill man to kill his mother and himself.The lawsuit said that ChatGPT fueled 56-year-old Stein-Erik Soelberg' ...
Satcoms shoot for a higher orbit
Felicia Tan - Valuations of US space companies may have hit stratospheric levels, but the fortunes of local satcom companies is tracking mixed growth trajectories. Elon Musk, widely recognised as the chief executive of electric vehicle (EV) maker Tesla, is also the founder and CEO of the aerospace company SpaceX. ...
Oracle shares drop the most since 2001 on mounting AI spending
The stock has already lost about a third of its value through Wednesday’s close since a record high on Sep 10
J.P. Morgan harnesses blockchain for debt issuance amid digital asset adoption boost
Dec 11 : J.P. Morgan said on Thursday that it issued a U.S. commercial paper for Galaxy Digital Holdings on the Solana blockchain, marking an important step in the broader institutional adoption of digital assets. Cryptocurrency exchange Coinbase Global and investment management firm Franklin Temple ...
Disney invests US$1 billion in OpenAI, strikes licensing deal
The company to tap OpenAI tools for new products and experiences, and to roll out ChatGPT to staff
S&P 500, Nasdaq opens lower on Oracle AI spending jitters
[NEW YORK] The S&P 500 and the Nasdaq opened lower on Thursday (Dec 11) as fresh worries over Oracle’s hefty AI spending...
SLB, Shell partner to develop AI-powered solutions for energy industry
Dec 11 : SLB said on Thursday that it was partnering with Shell to develop digital and artificial intelligence tools aimed at improving performance and efficiency across upstream operations.Shell and SLB will develop agentic AI-powered solutions designed to enhance the capabilities of technical expe ...
Disney sends cease-and-desist letter to Google, CNBC reports
Dec 11 : Walt Disney has sent a cease-and-desist letter to Alphabet's Google, CNBC reported on Thursday.
Cost of insuring Oracle debt against default surges
LONDON, Dec 11 : The cost of insuring Oracle debt against default surged on Thursday to its highest in at least five years, after the company's results missed forecasts, reigniting investor concern about its massive borrowing to fund its push into AI.The company's five-year credit default ...
Disney to invest $1 billion in OpenAI and bring characters to Sora
Dec 11 : Walt Disney said on Thursday it will make a $1 billion equity investment in OpenAI and that the companies have agreed to bring the entertainment giant's characters to OpenAI's Sora video generation tool.As part of the three-year licensing agreement, Sora will be able to generate s ...
Disney to invest $1 billion in OpenAI, license characters for Sora AI tool
Dec 11 : Walt Disney is investing $1 billion in OpenAI and will let the startup use characters from Star Wars, Pixar and Marvel franchises in its Sora AI video and image generator, a crucial deal that could reshape how Hollywood makes content.The partnership announced on Thursday is a pivotal step i ...
Microsoft fights $2.8 billion UK lawsuit over cloud computing licences
LONDON, Dec 11 : Microsoft was on Thursday accused of overcharging thousands of British businesses to use Windows Server software on cloud computing services provided by Amazon, Google and Alibaba, at a pivotal hearing in a 2.1 billion-pound ($2.81 billion) lawsuit.Regulators in Britain, Europe and ...
Disney to invest $1 billion in OpenAI, license characters for Sora video tool
Dec 11 : Walt Disney is investing $1 billion in OpenAI and will let the startup use characters from Star Wars, Pixar and Marvel franchises in its Sora AI video generator, a crucial deal that could reshape how Hollywood makes content.The three-year partnership announced on Thursday is a pivotal step ...
Disney to invest US$1 billion in OpenAI, license characters for Sora video tool
Walt Disney is investing US$1 billion in OpenAI and will let the startup use characters from Star Wars, Pixar and Marvel franchises in its Sora AI video generator, a deal that could reshape how Hollywood makes content.The three-year partnership announced on Thursday (Dec 11) is a pivotal step in Hol ...
Crypto firm Nexo purchases Argentina's Buenbit in Latin America expansion
Dec 11 : Cryptocurrency firm Nexo is acquiring Buenbit, an Argentine trading platform, as it targets growth across Latin America, it said on Thursday. Nexo, which earlier this year announced it would return to the United States after leaving the market due to $45 million in regulatory fines, has co ...
Trafigura, Gupta lawyers trade blame over metals fraud as trial winds up
LONDON, Dec 11 : Commodity trader Trafigura told London’s High Court on Thursday that Indian businessman Prateek Gupta had woefully failed to show its employees knew of or took part in a $600 million metals fraud, as lawyers made closing arguments in a long-running case.Gupta's lawyers counte ...
EU antitrust regulators erred in clearing Broadcom's VMware deal, cloud industry lobby says
BRUSSELS, Dec 11 : EU antitrust regulators failed to analyse properly the risks of Broadcom's $69 billion acquisition of cloud computing firm VMware before clearing the deal, the Cloud Infrastructure Services Providers in Europe (CISPE) has told Europe's second-highest court.CISPE, which h ...
Singapore’s F&B industry gears up for a rocky 2026
Jaime Ee - Players in the mid-high to luxury segment look back on 2025, and prepare for the challenges ahead
Architects of AI named Time's 'Person of the Year'
NEW YORK, Dec 11 : Time magazine named the architects of artificial intelligence its "Person of the Year" on Thursday, citing their ability to deliver the age of thinking machines with transformative technology. "Person of the Year is a powerful way to focus the world’s attention o ...
Kalshi, Crypto.com launch prediction markets coalition as investor interest soars
Dec 11 : Kalshi and Crypto.com said on Thursday they had launched a national alliance of prediction market operators that includes cryptocurrency exchange Coinbase, retail trading platform Robinhood and sports gaming operator Underdog.The group, Coalition for Prediction Markets (CPM), comes as the U ...
Opec says Opec+ raised output in November, leaves demand view steady
[LONDON] Opec said on Thursday (Dec 11) that the wider Opec+ oil producer group nudged up output in November as eight Opec+...
Sembcorp to acquire Australian power company Alinta Energy in A$6.5 billion deal
Derryn Wong - The asset is country’s fourth-largest utilities provider with around 1.1 million customers
