News
Tactics to dump coal are failing in Asia as energy demand booms
Indonesia has cancelled a flagship project that was the poster child for shuttering coal plants early[BEIJING] Coal’s future in Asia is looking brighter, as the top-consuming region’s efforts to...
IndiGo crisis shows perils of India’s corporate dominance
The domination of the country’s two airlines is a far cry from a decade ago, when more than nine players shared the market[DELHI] Flight chaos triggered by India’s biggest...
Trump’s Nvidia deal reshapes US’s China strategy, risks supercharging Xi’s AI push
The Asian nation has challenged America’s chip curbs this year with its own export controls on rare earthsUS PRESIDENT Donald Trump’s decision to allow Nvidia to sell advanced chips...
Tencent goes hands-on to reshape US$10 billion global games empire
[BEIJING] This year, Tencent Holdings’ gaming business scored record sales, defying an industry slowdown with international hits such as zombie horror Dying Light: The Beast.The sales bonanza, at a...
Wells Fargo expects more job cuts, will roll out AI gradually in 2026
[NEW YORK] Wells Fargo expects more cuts to its workforce and sees higher severance expenses in the current fourth quarter, CEO Charlie Scharf said on Tuesday (Dec 9), adding...
Oil settles down 1%, focus on Russia-Ukraine peace talks, Fed
[NEW YORK] Oil prices edged lower on Tuesday after falling 2 per cent in the previous session, with investors keeping a close eye on peace talks to end Russia’s war...
Wall Street subdued at open as Fed rate cut decision nears
[NEW YORK] Wall Street’s main stock indexes were subdued at the open on Tuesday (Dec 9) as investors awaited the Federal Reserve’s policy decision, while Nvidia shares were whipsawed...
Microsoft unveils US$23 billion in new AI investments with big focus on India
[BENGALURU] Microsoft on Tuesday (Dec 9) unveiled about US$23 billion in new artificial intelligence investments, with the bulk earmarked for India as it deepens its bet on one of...
Novartis strikes deal with UK biotech for up to US$1.7 billion
Novartis is on a deal spree this year, including the US$12 billion acquisition of Avidity Biosciences [BASEL] Novartis will pay UK biotech Relation Therapeutics as much as US$1.7 billion...
Apac airlines to increase net profit by 6.5% to US$6.6 billion in 2026: Iata
[SINGAPORE] Asia-Pacific airlines are projected to record US$6.6 billion of net profit in 2026, up from S$6.2 billion in 2025, the International Air Transport Association (Iata) said in a...
