Business
iPhone maker Hon Hai Q4 sales beat expectations on strong AI demand
Nvidia and Apple assembly partner Hon Hai Precision Industry reported better-than-expected sales growth last quarter as the artificial…
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Demand
Business
Tesla annual deliveries fall for first time as incentives fail to drum up demand
TESLA reported its first fall in yearly deliveries on Thursday as lucrative year-end incentives for the Elon Musk-led electric vehicle…
News
This Doesn't Look Like Suicide': OpenAI Whistleblower Suchir Balaji's Parents Suspect Murder, Demand FBI Probe as Elon Musk Backs Their Claims
An emotional video of Indian-origin techie Suchir Balaji's father has ignited a storm on social media. The grieving father revealed he was…
News
Gold gains on safe-haven demand amid global uncertainties
GOLD climbed on Monday (Dec 30) as conflict in the Middle East lifted bullion’s safe-haven appeal, while investors looked forward to US…
Business
Nvidia supplier Ibiden weighs faster expansion to meet AI demand
IBIDEN, the dominant supplier of chip package substrates used in Nvidia’s cutting-edge semiconductors, may need to dial up the pace of…
Business
Oil steady as markets weigh Fed rate cut expectations, Chinese demand
Oil prices were little changed at their settle on Friday (Dec 20) as markets weighed Chinese demand and interest rate-cut expectations…
Business
Micron drops after sluggish PC, phone demand hurts forecast
MICRON Technology, the largest US maker of computer memory chips, tumbled in late trading after its revenue forecast missed projections by…
News
Ukraine birth rates could plunge if Zelensky gives in to Pentagon demand
The Biden administration is urging Ukrainian President Volodymyr Zelensky to lower the draft age from 25 to 18 to boost the military amid…
Business
Analysts place ‘buy’ call on Oiltek on strong order book, growing demand for sustainable aviation fuel
Analysts from UOB Kay Hian (UOBKH) and Lim and Tan Securities have issued a “buy” call on the vegetable and edible oil engineering process…
Business
Ron Sim and Osim send legal letter of demand to Trek 2000 International’s current and former chairmen
Ron Sim alleges fraudulent misrepresentations before he acquired shares of Trek 2000 in 2015 MASSAGE chair and appliance manufacturer Osim…
Business
Ron Sim and Osim send legal letter of demand to Trek 2000 International’s current and former chairman
Ron Sim alleges fraudulent misrepresentations before he acquired shares of Trek 2000 in 2015 MASSAGE chair and appliance manufacturer Osim…
Business
C3.ai lifts annual forecast on strong demand for enterprise AI software
C3.AI raised its forecast for fiscal year 2025 revenue on Monday (Dec 9), helped by healthy demand for the company’s enterprise artificial…
Business
Broadcom unveils new tech to speed up custom chips amid rising generative AI demand
BROADCOM said on Thursday (Dec 5) that its custom chip unit, which makes artificial intelligence (AI) processors for cloud providers, has…
Business
Foxconn posts muted monthly sales growth while AI demand slows
APPLE’S major manufacturing partner Hon Hai Precision Industry reported a second consecutive month of single-digit sales growth, raising…
Business
Foot Locker to emphasise newer Nike styles at stores amid soft demand for its shoes
FOOT Locker executives said on Wednesday (Dec 4) that they are working closely with Nike to emphasise its newer styles, including Vomero…
Business
Guinness supplies being limited after demand soars
The amount of Guinness pubs can buy in the build up to Christmas has been limited by its maker Diageo after "exceptional demand" over the…
Business
Double spacecraft mission will create solar eclipses on demand to study the Sun
Europe's two eclipse-creating spacecraft are set to launch from India on Wednesday, beginning a mission that will require precision…
Business
Salesforce’s third-quarter revenue beats on strong cloud demand
SALESFORCE beat Wall Street estimates for third-quarter revenue on Tuesday (Dec 3) and raised the lower end of its annual revenue…
Business
Thailand’s ‘data centre rush’ is starting, as Malaysia strains to keep pace with surging demand: Macquarie
MACQUARIE Research said that the data centre boom in Malaysia will continue but it’s unlikely to keep pace with surging demand. It said…
Business
Bulgari CEO eyes India for growth as China luxury demand weakens
LVMH-owned jeweller Bulgari is looking to India to mitigate the effects of faltering luxury demand in China amid an economic slowdown.…
News
Germany faces acute care worker shortage as demand soars
Germany is facing a severe shortage of care personnel as the number of people in need of care has nearly doubled in recent years, while…
Business
China’s EV boom threatens to push petrol demand off a cliff
From Tesla chargers in the ancient alleys that surround the Forbidden City in Beijing to lonely highway rest stops with charging posts in…
Business
CrowdStrike raises annual forecast on steady cybersecurity demand
CYBERSECURITY firm CrowdStrike raised its annual revenue and profit forecasts and beat third-quarter revenue on Tuesday (Nov 26), betting…
Business
China Oct industrial profits narrow decline but demand remains weak
By Qiaoyi Li, Joe Cash and Liangping Gao BEIJING (Reuters) -China's October industrial profits narrowed their earlier declines, helped by…