New York Times reporter sues Google, xAI, OpenAI over chatbot training
Dec 22 : An investigative reporter best known for exposing fraud at Silicon Valley blood-testing startup Theranos sued Elon Musk's xAI, Anthropic, Google, OpenAI, Meta Platforms and Perplexity on Monday for using copyrighted books without permission to train their artificial intelligence s ...
Can China’s ‘six little dragons’ slay their AI, robotics rivals from the US?
Chloe Lim - Deepseek and its Chinese peers have lower cost and national support on their side
Singapore’s biotech strategy will benefit from collective, not competitive, thinking
Successful innovation requires a holistic risk-based approach beyond financial, infrastructure and manpower investments
Oil loading in Venezuela slows, more ships make U-turns after new US interceptions
The number of loaded tankers that have not departed has increased
US bars approvals of new models of DJI, all other foreign drones
The move is a significant escalation in Washington’s battles to crack down on Chinese drones in recent years
US freezes five big offshore wind projects, shares dive
THE Trump administration suspended leases on Monday for five large offshore wind projects that are under construction off the US East Coast over what...
Commentary: China travel is cool again for foreign tourists
In China, consumers have all the bargaining power and the tourism industry is one example, says Bloomberg Opinion's Shuli Ren.
Commentary: The TikTok question is being swept under the rug
The ByteDance deal does little to address why it was given this sale-or-ban ultimatum in the first place, says Dave Lee for Bloomberg Opinion.
US stocks push higher while gold, silver notch fresh records
WALL Street stocks pushed higher on Monday to begin a holiday-shortened trading week, while oil prices rallied amid worsening tensions between the United States...
Oil settles higher on risk of disruptions to Venezuela, Russia supply
[NEW YORK] Oil prices settled higher on Monday after the US Coast Guard tried to intercept an oil tanker in international waters near Venezuela a day...
Goodman Group, Canada's CPPIB strike $9.3 billion deal for Europe data centres
Dec 23 : Australian data centre landlord Goodman Group said on Tuesday it had signed a A$14 billion ($9.32 billion) partnership agreement with Canada Pension Plan Investment Board to develop data centre projects in Frankfurt, Amsterdam and Paris.The 50-50 venture, CPPIB's first data ce ...
Goodman Group strikes $9.3 billion deal with Canada's CPPIB to build data centres in Europe
Dec 23 : Australia's Goodman Group has struck a A$14 billion ($9.32 billion) partnership with Canada Pension Plan Investment Board (CPPIB) to build data centres across Europe, deepening its foothold in the region's fast-growing AI infrastructure market.Interest in data centres has swelled ...
European shares muted at start of holiday-shortened week
EUROPEAN shares were little changed on Monday, with beverage stocks weighing on the index, as investors navigated a holiday-shortened week on a tepid note...
Superbank, Merdeka Gold and Prajogo-linked IPOs jolt Indonesia’s equity market back to life
Elisa Valenta - Around 13 companies are in the listing pipeline next year
South Korea online retailer Coupang faces US securities class action over massive data breach
WASHINGTON, Dec 22 : South Korean e-commerce company Coupang has been sued in a U.S. court in an investor class action alleging violations of securities laws after a cybersecurity breach exposed personal information of more than 33 million customers.The lawsuit, filed last week in federal court i ...
FanDuel, CME Group launch prediction markets in five US states
Dec 22 : Sports betting firm FanDuel and derivatives exchange heavyweight CME Group on Monday announced the launch of their prediction markets platform in five U.S. states, as the red-hot asset class continues to draw in new entrants.The platform has been launched in Alabama, Alaska, South Caroli ...
United Launch Alliance CEO Tory Bruno resigns
Dec 22 : Tory Bruno has resigned as United Launch Alliance's CEO after leading the Boeing and Lockheed Martin-owned rocket maker for nearly 12 years, the company said on Monday, adding an interim CEO will take Bruno's place.Bruno, a longtime Lockheed executive who has led an array ...
California examines incidents of stalled Waymo robotaxis after San Francisco power outage
Dec 22 : A top California regulator said it was looking into incidents in which robotaxis from Alphabet unit Waymo stalled in parts of San Francisco on Saturday due to a widespread power outage that snarled traffic and gridlocked parts of the city.Waymo paused service Saturday evening following a fi ...
Waymo resumes San Francisco service after power outage pause
Dec 22 : Alphabet unit Waymo said on Monday it resumed its ride-hailing service in the San Francisco Bay Area on Sunday, a day after temporarily suspending operations due to a widespread power outage that snarled traffic and gridlocked parts of the city.The company paused service Saturday e ...
Coinbase doubles down on prediction markets with deal for The Clearing Company
Dec 22 : Coinbase said on Monday it will buy prediction markets startup The Clearing Company, as the crypto exchange looks to expand beyond its core digital assets business.Prediction markets let users buy and sell contracts tied to the outcomes of real-world events, ranging from elections and ec ...
Warner Bros bidding war and red hot M&A market has dealmakers working through holidays
NEW YORK, Dec 22 : A flurry of multi-billion-dollar deals has bankers and advisers from Wall Street to Canary Wharf packing laptops next to presents and warning family and friends their holiday vacations over the next two weeks will be cut short.There have been $463.6 billion in mergers and acqui ...
Alphabet to buy clean energy developer Intersect in $4.75 billion deal amid AI push
Dec 22 : Alphabet said on Monday it would buy clean energy developer Intersect for $4.75 billion in cash, plus assumed debt, as tech giants spend billions to expand the computing and power capacity necessary for developing artificial intelligence.Big Tech has ramped up investments in energy firms ...
Alphabet to buy data center firm Intersect in $4.75 billion deal amid AI push
Dec 22 : Alphabet said on Monday it would buy data center and energy infrastructure provider Intersect for $4.75 billion in cash, plus assumed debt, as tech giants ramp up spending to expand computing and power capacity necessary for developing AI.Under the deal, Alphabet will acquire Inter ...
Ellison steps in with personal guarantee as Paramount fights for Warner Bros
Dec 22 : Oracle co-founder Larry Ellison has stepped in to personally guarantee $40.4 billion in Paramount Skydance's latest effort to pry Warner Bros Discovery away from selling its prized Hollywood assets to streaming giant Netflix.The guarantee, disclosed in a filing on Monday, seeks to a ...
Israeli high-tech funding rises to nearly $16 billion in 2025, report says
JERUSALEM, Dec 22 : Israeli high-tech companies raised $15.6 billion in private funding in 2025, up from $12.2 billion in 2024, Startup Nation Central said in a report on Monday citing preliminary data.The tech sector, regarded as one of the largest in the world, accounts for about 20 per cent of ...
AI spending spree drives global tech debt issuance to record high
Global technology companies have ramped up debt issuance this year to record levels, as an intensifying race to build artificial intelligence capacity forces even cash-rich firms to borrow heavily to fund that investment.According to Dealogic data, global tech companies issued US$428.3 billion of ...
Daiwa to raise M&A revenue target to 100 billion yen by 2031, CEO says
TOKYO, Dec 23 : Japan's Daiwa Securities is aiming to generate 100 billion yen ($635.61 million) in M&A-related revenue by the financial year ended March 2031, its CEO said, as Japan undergoes a dealmaking boom that neared record levels in 2025.The objective exceeds Daiwa's current ...
Telefonica to cut 5,500 jobs with total cost of 2.5 billion euros
The Spanish carrier has signed an agreement with unions to implement the exit plans
JPMorgan is exploring crypto trading for institutional clients
It is the latest sign of banks warming up to digital assets, and considering it less as a fringe investment
Wall Street climbs as tech rebound gathers momentum
[NEW YORK] US stocks rose on Monday (Dec 22), kicking off the holiday-shortened week on a positive note, as technology stocks continued...
Instacart ends AI-driven price experiments after criticism
Dec 22 : Instacart is ending price tests that resulted in different shoppers being shown different prices for groceries, the online retail platform said on Monday after criticism of its artificial intelligence-driven pricing tool.The company faced an outcry after a study by Consumer Reports and two ...
HSBC appoints ex-Citi executive Ida Liu to lead private bank
Dec 22 : HSBC said on Monday it appointed Ida Liu as chief executive officer of HSBC's private bank, effective January 5.Liu most recently served as global head of Citi Private Bank and has more than 25 years of experience in wealth management, strategic advisory and business transf ...
Larry Ellison offers US$40.4 billion guarantee to beef up Paramount's Warner Bros bid
Oracle co-founder agrees not to revoke the family trust during transaction
Ever Glory United to move to SGX mainboard on Dec 29; public offer 7.6 times subscribed
Therese Soh - Application monies received amount to around S$9.8 million
