World Business News
Ukrainian Drone Strikes Cut Russia’s Refining Capacity by 30%
Ukrainian drone strikes have cut Russia's oil refining capacity by about 30% since late October, Reuters reported citing industry sources.
Category: Artificial Intelligence
Tech
Singapore’s Terra Invest Backs Abu Dhabi AI Firm AIREV
Singapore-based Terra Invest joined a strategic funding round for Abu Dhabi agentic AI company AIREV, targeting finance and healthcare uses.
Artificial Intelligence
Deutsche Telekom Expands Munich AI Factory to 20 Megawatts
Deutsche Telekom will invest about EUR250 million to expand its Munich AI factory to 20 megawatts after the first phase sold out.
World Business News
Qantas to Cut 850 Jobs in AI-Driven Accenture Deal
Qantas will cut 850 corporate jobs under a multi-year Accenture outsourcing partnership, citing rapid AI-driven change, with work moving mostly to India.
Tech
Anthropic Buys US$3.4 Billion of Gas Generators for AI Power
Gas Generators - Anthropic has agreed to spend US$3.4 billion on 1.7 gigawatts of gas-fired generators from Texas-based OnePWR Solutions to power its data…
Business News
SoftBank, Grab Commit Billions to Build Malaysia AI Infrastructure
SoftBank, Grab and PETROS pledge $1.85 billion to develop Malaysian AI infrastructure, targeting regional compute leadership by 2030 and beyond.
World Business News
Nikkei Plunges 6% Into Bear Market on AI Tech Rout
Japan's Nikkei 225 sank 5.96% to 57,434.77 on Friday, entering bear market territory as a global AI-linked tech sell-off hit Tokyo.
Tech
EU Leaders to Meet in Dublin on Europe’s Place in Global AI Race
AI race: European Council President António Costa has called the 27 EU leaders to an informal meeting in Dublin on Nov 13 focused on…
Tech
Invest Korea Summit Draws Record US$2 Billion in AI, Chip Pledges
Seven global companies pledged a record US$2 billion for South Korea at the Invest Korea Summit 2026 in Seoul, covering chips, advanced materials, AI…
Stocks and Markets
Tech Rout Seen Dragging Bursa Lower Despite KLCI Breakout
Global semiconductor selloff may pressure Bursa today, overshadowing recent KLCI strength and steady domestic interest-rate outlook.
Tech
China Humanoid Robot Makers Face Shakeout, GGII Says
At least 15 per cent of China's 150-plus humanoid robot makers could go bankrupt or be merged within three years, research firm GGII forecasts,…
Business News
Google to Invest US$15 Billion in Malaysia Data Centres
Google plans to invest US$15 billion in Malaysia over 2027 and 2028 to build data centres and other infrastructure, pledging more than 9,000 local…
Tech
Agility Robotics Wins SPAC Vote, Set for Nasdaq Debut
Shareholders of Churchill Capital Corp XI approved its merger with humanoid robot maker Agility Robotics, raising about US$465 million, with shares due to start…
Tech
NTT Data Eyes Bigger Indonesia Data Centre Push
Japan's NTT Data plans to be "very aggressive" in adding Indonesian data centres, seeking more land over two to three years after investing US$500…
World Business News
Cargill, Neptune Robotics Start AI Hull-Cleaning Trial in Singapore
Cargill has joined Neptune Robotics in an 18-month trial of AI-enabled robotic hull cleaning and inspection for its dry-bulk vessels calling at the Port…
Tech
ADNOC, G42 Sign OpenAI Deal to Deploy AI Agents Across Operations
Abu Dhabi National Oil Company and G42 have signed a multi-year partnership with OpenAI to roll out its Frontier AI agent platform across ADNOC's…