Posts by Liam Redmond
Amazon to invest over US$35 billion in India on AI, exports
[ad_1] [BENGALURU] Amazon plans to invest more than US$35 billion in India by 2030 to expand its operations by boosting artificial intelligence (AI) capabilities and increasing exports, the US e-commerce giant said on Wednesday (Dec 10), as global tech firms deepen their presence in Asia’s third-largest economy. Major US tech firms have poured billions of…
Read MoreOlam unit bags US$1.12 billion dual currency loan facility
[ad_1] It will be used to refinance ofi’s existing loans and for general corporate purposes [SINGAPORE] Agribusiness conglomerate Olam Group said on Wednesday (Dec 10) that its wholly owned subsidiary, Olam Food Ingredients (ofi), secured a multi-tranche dual currency term loan facility of US$1.12 billion. The facility consists of two US dollar tranches of US$775…
Read MoreGiannis Antetokounmpo meets with Bucks teammates to clear air on trade rumors
[ad_1] Giannis Antetokounmpo is trying to keep his Bucks teammates focused amid swirling trade rumors around the NBA superstar. Antetokounmpo reportedly met with several teammates to address the chatter about his future and encouraged them to keep the focus on basketball, though it didn’t seem like he did much to suggest that he would be…
Read MoreAsian stocks in retreat as traders eye Fed decision, tech earnings
[ad_1] ASIAN markets retreated on Wednesday following a tepid day on Wall Street as investors bided their time ahead of a highly anticipated Federal Reserve policy announcement later in the day. Earnings from tech giants Oracle and Broadcom this week are also in view amid lingering worries about an AI-fuelled bubble that caused some panic…
Read MoreBig 12 commissioner Brett Yormark eviscerates Notre Dame AD as CFP war of words escalates
[ad_1] Enter Brett Yormark into the fray that is the Notre Dame athletic director’s rampage over his school not making the College Football Playoff. Pete Bevacqua has been verbose about his displeasure with how the ACC, in his mind, actively campaigned against Notre Dame while politicking for Miami’s CFP candidacy. But the tirade has not…
Read MoreResilient Islanders beat Golden Knights in shootout as offense breaks through
[ad_1] This was exactly the offensive outburst the Islanders needed, at the exact time they needed it. The 5-4 win over the Golden Knights on Tuesday night at UBS, with Emil Heineman netting the shootout winner, was not so much about Jean-Gabriel Pageau returning to the fold, though that certainly played a role in the…
Read MoreTactics to dump coal are failing in Asia as energy demand booms
[ad_1] 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 shift to cleaner energy suffer a series of setbacks. Indonesia has cancelled a flagship project that was the poster child for shuttering coal plants…
Read MoreRed Sox interested in possible Ketel Marte trade as hot stove heats up
[ad_1] The Red Sox are among the teams that are interested in trying to make a move to acquire All-Star second baseman Ketel Marte from the Diamondbacks. Multiple reports on Tuesday suggested that the Red Sox had their eye on Marte, though it isn’t clear what they would be willing to give up to bring…
Read MoreTemasek-owned SeaTown raises about US$900 million in second close of third private credit fund
[ad_1] This comes four months after its first close of over US$612 million back in August [SINGAPORE] SeaTown, owned by Temasek’s asset management group Seviora, has raised about US$900 million in the second close of its Private Credit Fund III (PCF III), the investment manager said on Wednesday (Dec 10). This close comes four months…
Read MoreTrump’s Nvidia deal reshapes US’s China strategy, risks supercharging Xi’s AI push
[ad_1] The Asian nation has challenged America’s chip curbs this year with its own export controls on rare earths US PRESIDENT Donald Trump’s decision to allow Nvidia to sell advanced chips to China marks more than just a shift in US tech policy. It also raises questions about how far he’ll go to steady ties…
Read MoreNavy invests $448 million in Palantir tech to speed up shipbuilding with AI
[ad_1] WASHINGTON — The Navy is making a massive bet on cutting-edge technology to modernize its fleet, pumping $448 million into AI and autonomous systems to supercharge shipbuilding efforts. “Ship OS” uses AI-giant Palantir’s software to help streamline production, reduce costs and enhance the Navy’s ability to build ships faster and more efficiently as the…
Read MoreWorld’s largest airline caterer Gategroup, co-owned by Temasek, said to be prepping for IPO
[ad_1] THE world’s biggest in-flight caterer Gategroup Holding AG is preparing for an initial public offering as soon as the second half of next year, people familiar with the matter said. The company has held talks with potential advisers as it considers a listing, the people said, asking not to be identified as the information…
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