Japan’s largest power generation company, Jera Co., is stepping up its liquefied natural gas (LNG) investments across Southeast Asia as the region’s energy needs surge beyond what renewables can currently supply. With electricity consumption growing rapidly in emerging economies like Malaysia and Indonesia, Jera aims to position itself as a…
In his first public comments on Amazon’s latest round of mass layoffs, CEO Andy Jassy offered a surprising justification for cutting 14,000 jobs. The decision was not driven by financial pressures or the rise of AI, but by a deliberate effort to reshape the company’s “internal culture”, Jassy said.The explanation,…
European stocks opened lower on Friday as investors navigated a complex mix of signals, weighing a cautious stance from the European Central Bank against strong earnings from US tech giants and a landmark trade truce between Washington and Beijing.The pan-European Stoxx 600 was trading approximately 0.2% lower shortly after the…
China’s manufacturing sector slipped further into contraction in October, underscoring the pressure on the world’s second largest economy as weak global demand and renewed trade tensions with Washington weigh on output. The National Bureau of Statistics reported that its official manufacturing purchasing managers’ index (PMI) fell to 49.0 from 49.8…
Netflix is weighing a bid for Warner Bros Discovery’s studio and streaming assets, marking what could be one of the entertainment industry’s most significant consolidation moves in recent years.The streaming giant has hired investment bank Moelis & Co to advise on a possible offer and has been granted access to…
Three of the world’s most powerful technology billionaires made a surprise appearance at a popular Seoul fried chicken restaurant on Thursday, sharing beer and soju before creating a stir by paying the bill for every diner in the establishment.The casual summit between Nvidia CEO Jensen Huang, Samsung Electronics chairman Lee…
Volkswagen’s premium brand Audi lowered its full-year profitability guidance on Friday for the second time this year, as US import tariffs and costs tied to its electric vehicle (EV) shift continue to pressure margins.The German automaker now expects an operating margin of between 4% and 6%, down from the earlier…
Exxon Mobil and Chevron, two of the world’s largest oil producers, reported weaker third-quarter results on Friday as lower crude prices and rising expenses dented profitability. Despite the downturn, both companies reaffirmed plans to ramp up production, betting on long-term demand resilience even as global oil prices hover near $60…
In what may become a defining moment for the semiconductor industry, Samsung has announced the creation of an “AI Megafactory” powered by 50,000 Nvidia graphic processing units (GPUs). The initiative aims to revolutionise chip manufacturing for mobile devices and robotics while advancing Samsung’s long-term ambition to become a sovereign force…
European stocks opened lower on Friday as investors navigated a complex mix of signals, weighing a cautious stance from the European Central Bank against strong earnings from US tech giants and a landmark trade truce between Washington and Beijing.The pan-European Stoxx 600 was trading approximately 0.2% lower shortly after the…