Business
Tesla profits drop sharply as sales weaken and Musk backlash grows
Tesla’s profits fall 71% as sales dip, political backlash grows, and hopes turn to cheaper EVs and robotaxi plans.
Business
Intel prepares for major layoffs ahead of Q1 earnings
Intel plans to cut over 21,000 jobs this week, aiming to rebuild its focus and engineering culture under new CEO Lip-Bu Tan.
Business
GenAI investment could unlock ‘co-working’ future in financial services, says Moody’s
Moody’s sees GenAI transforming finance with AI co-workers, helping firms grow, automate decisions, and lower access barriers.
Business
Shoppers rush to Apple Stores as price fears grow
US iPhone buyers rush to stores as tariffs rise; Apple flies in stock to avoid price hikes, while Singapore braces for possible increases.
Business
Airwallex reports strong revenue growth in Singapore and reveals SME trends for 2025
Airwallex reports 153% revenue growth in Singapore for 2024 and unveils SME trends shaping business outlook in 2025.
Technology
Qualcomm expands AI research with MovianAI acquisition
Qualcomm has acquired Vietnamese AI research firm MovianAI to boost its AI development in smartphones, PCs, and software-defined vehicles.
Business
Huawei reports 38% revenue surge as smartphone sales soar
Despite US sanctions, Huawei’s consumer business revenue surged 38% in 2024, driven by strong smartphone sales and home-grown chip production.
Business
Elon Musk’s xAI acquires X for US$33 billion in an all-stock deal
Elon Musk’s xAI acquires X in a US$33 billion all-stock deal, merging AI with social media for smarter user experiences.
Business
Xiaomi surpasses CNY100 billion in Q4 2024 revenue, but EVs aren’t the main driver
Xiaomi reports record-breaking Q4 2024 revenue, surpassing CNY100 billion. Smartphones remain its biggest earner, while EVs boost brand image.
