Fashion
Elite UK Reit applies to develop 80 MW data centre campus in Blackpool
ELITE UK Real Estate Investment Trust’s (Reit) manager has submitted a planning application to develop a new 80-megawatt (MW) data centre campus at Peel Park, Blackpool, England.On Thursday (Oct...
Crypto asset manager Bitwise files for XRP ETP with securities regulator
CRYPTO asset manager Bitwise has filed an initial registration statement with the US Securities and Exchange Commission (SEC) for an exchange-traded product (ETP) for XRP tokens, as it seeks...
Yen closes out worst day since 2022 as rate-hike hopes dim
THE yen suffered its biggest drop in more than two years after Japan’s new prime minister, Shigeru Ishiba, jolted currency markets by saying the economy is not ready for...
EU has enough support to impose Chinese EV tariffs: sources
FRANCE, Greece, Italy and Poland will vote on Friday (Oct 4) in favour of tariffs of up to 45 per cent on imports of electric vehicles (EVs) made in...
SEC appeals US$125 million judgment in Ripple Labs XRP lawsuit
THE US Securities and Exchange Commission (SEC) appealed a court decision ordering Ripple Labs to pay a US$125 million civil penalty for improperly selling its XRP token, a fraction...
ECB momentum for an October rate cut is looking unstoppable
AN INTEREST rate cut that European Central Bank (ECB) officials deemed unlikely just three weeks ago now seems a near certainty when they next set borrowing costs on Oct...
BMW rules out investing in new Northvolt funding round
BMW is unwilling to invest more in Northvolt, the cash-strapped battery maker that’s seeking fresh funds to stabilise its finances, according to a source familiar with the matter.The German...
Microsoft to make 4.3 billion euros AI, cloud investment in Italy
MICROSOFT plans to invest 4.3 billion euros (S$6.1 billion) over the next two years to strengthen its artificial intelligence (AI) and cloud infrastructure in northern Italy, it said on...
Toyota boosts investment in air taxi maker Joby Aviation
TOYOTA Motor is boosting its investment in air taxi manufacturer Joby Aviation by US$500 million to support plans for commercial production, bringing its total investment in the company to...
Starbucks new CEO wastes no time in overhauling executive ranks
STARBUCKS’ new chief executive officer Brian Niccol is wasting no time rearranging the company’s top ranks, undoing some leadership changes his predecessor had implemented only six months earlier.
Niccol has...
