Business
Chipmaker Wolfspeed nears bankruptcy deal with lenders including Apollo
Struggling chipmaker Wolfspeed will be taken over by creditors including Apollo Global Management under a proposal that would put it into…
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Business
Business
Oil settles higher as Iran-Israel conflict enters sixth day
Oil prices settled higher on Wednesday in a volatile session as investors weighed the chance of supply disruptions from the Iran-Israel…
Business
Europe: Shares fall as Middle East tensions weigh; eyes on Fed decision
EUROPEAN shares declined on Wednesday as investors awaited the Federal Reserve’s monetary policy decision, with ongoing tensions in the…
Business
US Fed keeps rates steady but pencils in two cuts by end of 2025; Powell sees ‘meaningful’ inflation ahead
The US central bank held interest rates steady on Wednesday and policymakers signaled borrowing costs are still likely to fall in 2025,…
Business
Microsoft planning thousands more job cuts aimed at salespeople
Microsoft is planning to cut thousands of jobs, particularly in sales, as part of the company’s latest move to trim its workforce amid…
Business
US: Stocks flat after Fed decision as markets eye Iran
Wall Street stocks ended little changed on Wednesday after the Federal Reserve kept interest rates steady, while markets followed ongoing…
Business
Why California Remains the Epicenter for Gen Z Led Creator Startups
California has always attracted dreamers who are ready to go the extra mile, but Gen Z is reshaping that story. Armed with smartphones,…
Business
Federal Reserve Warns Trump’s Economy Is About to Get Whole Lot Worse
Tucker Carlson exposed Senator Ted Cruz’s complete deference to Israel by asking him some very basic questions about Iran. Cruz was unable…
Business
OpenAI can rehabilitate AI models that develop a “bad boy persona”
The extreme nature of this behavior, which the team dubbed “emergent misalignment,” was startling. A thread about the work by Owain Evans,…
Business
Sats prices US$100 million in fixed-rate notes at 4.648%
In-flight caterer and ground handler Sats on Wednesday (Jun 18) priced US$100 million in fixed-rate notes due Jun 23, 2030, at 4.648 per…
Business
Want to invest in nuclear energy? DBS cites opportunities in mining, utilities stocks
As global interest in nuclear energy surges, investors can gain exposure to the sector by betting on physical uranium or miners, utilities…
Business
Nippon Steel’s US$14.9 billion acquisition of US Steel closes, with big role for Trump
Nippon Steel’s US$14.9 billion acquisition of US Steel closed on Wednesday (Jun 18), the companies said, confirming an unusual degree of…
Business
DBS and Austrade ink deal to help Australian companies expand in South-east Asia
DBS and the Australian Trade and Investment Commission (Austrade) on Wednesday (Jun 18) inked an agreement to deepen investment links…
Business
US: Wall Street indexes open muted ahead of Fed's interest rate verdict
Wall Street’s main indexes opened subdued on Wednesday (Jun 18), ahead of the Federal Reserve’s monetary policy decision, as the…
Business
Malaysia to build 50% more gas-fired power capacity to meet data centre demand
Malaysia is expected to add 6-8 gigawatts of gas-fired power by 2030 to address growing electricity consumption driven by demand from data…
Business
War tech goes old school with Sweden’s first TNT factory since Cold War
A Swedish startup is taking defence tech back to basics — by building the country’s first TNT factory since the Cold War. Stockholm-based…
Business
Guide to relocating your startup to Valencia
When founders dream of launching a startup under the Mediterranean sun, Barcelona and Madrid often come to mind first. But an increasing…
Business
Why Owning Your Position Is Crucial for Business Success
Recently, I’ve been advising a good friend who’s launching a new custom orthotics company after several successful business exits. His…
Business
AI warfare push makes Helsing one of Europe’s 5 most valuable tech firms
Munich-based defence tech startup Helsing has raised €600mn as geopolitical tensions trigger a flood of capital into AI warfare. The large…
Business
A Forgotten Surrealist’s Paintings Return to New York
When Ford returned to his gallery, he entered Orlik’s name into Artnet, the art-price database. His search yielded barely any results.…
Business
7 TNW Conference sessions we’re excited about
The Netherlands’ hottest tech festival is just around the corner, and the buzz is electric. TNW Conference brings together Europe’s…
Business
Artificial solar eclipse engineered in Europe offers new look at Sun
Two satellites equipped with European tech have delicately pulled off an artificial solar eclipse — giving scientists unmatched views of…
Business
Thai Airways exits debt restructuring plan with court approval
Thai Airways International won court approval to exit a debt restructuring programme, paving the way for resumption of trading in its…
Business
Competition watchdog flags Agoda’s Singapore website, mobile app for potentially misleading features
Singapore’s competition watchdog has raised concerns with Agoda over several design features on its Singapore website and mobile…