Business

Stellantis posts 20 billion euro loss in second half after huge EV writedown

Thursday, February 26 by SRN News

By Giulio Piovaccari and Gilles Guillaume MILAN, Feb 26 (Reuters) - Stellantis on Thursday reported a net loss of 20.1 billion euros ($23.8 billion) for the second half of 2025, after flagging earlier this month 22.2 billion euros of charges in the period as it... Read More.

Singapore’s Grab bets on AI, new services to triple profit by 2028

Thursday, February 26 by SRN News

By Yantoultra Ngui and Jun Yuan Yong SINGAPORE, Feb 26 (Reuters) - Southeast Asia's top ride-hailing and delivery firm, Grab, is betting on artificial intelligence and expansion of new services such as online groceries and financial products to triple profit by 2028, the... Read More.

Morning Bid: Nvidia delivers, but good no longer cuts it

Thursday, February 26 by SRN News

A look at the day ahead in European and global markets from Rae Wee With expectations riding so high for Nvidia, even a solid beat in its earnings did little to satisfy investors chasing bigger returns on their artificial intelligence bets. Shares of the world's most... Read More.

One Tech Tip: Group chats are a way of life but come with unspoken etiquette

Thursday, February 26 by SRN News

Communicating on group chats has quickly become a way of life, but what are the rules? We used to use email, the phone or talk in person. Now we use platforms like iMessage, WhatsApp or Slack to coordinate a night out with friends, a... Read More.

Amazon’s $50 billion OpenAI investment may depend on IPO or AGI, The Information reports

Thursday, February 26 by SRN News

Feb 25 (Reuters) - Amazon's plan to invest up to $50 billion in OpenAI could depend on whether the AI developer goes public or achieves an artificial general intelligence (AGI) milestone, The Information reported on Wednesday, citing people familiar with the matter. Under terms... Read More.

Solar-powered truck charging gains ground on South Africa’s freight corridors

Thursday, February 26 by SRN News

NAIROBI, Kenya (AP) - Africa's freight corridors, long dominated by diesel trucks and constrained by unreliable power grids, are emerging as a new frontier in the global shift toward clean logistics, with solar-powered charging hubs designed specifically for heavy-duty electric trucks. In Africa, Cape Town-based... Read More.

Exclusive-Toyota plans around $19 billion share sale by financial institutions, sources say

Thursday, February 26 by SRN News

By Miho Uranaka and Maki Shiraki TOKYO, Feb 26 (Reuters) - Toyota plans a large-scale unwinding of strategic shareholdings that would involve banks and insurance firms selling around $19 billion of its shares, two sources said, in what would mark a watershed moment in Japan's... Read More.

Asian shares mostly rise after Nvidia earnings beat expectations

Thursday, February 26 by SRN News

HONG KONG (AP) - U.S. futures fell while Asian shares mostly advanced on Thursday after strong-than-expected earnings from chipmaker Nvidia helped ease some investor worries over the artificial intelligence boom. Tokyo's Nikkei 225 crossed the 59,000 mark for the first time, although it later gave... Read More.

Exclusive-Rare earth shortages worsen in US aerospace, chips despite trade truce, sources say

Thursday, February 26 by SRN News

By Allison Lampert, Laurie Chen, Lewis Jackson and Michael Martina MONTREAL/BEIJING/WASHINGTON, Feb 26 (Reuters) - Suppliers to U.S. aerospace and semiconductor firms face worsening rare earth shortages, with two turning away some clients, industry insiders said, weeks before U.S. President Donald Trump is expected to... Read More.

BlueScope says revised $10.7 billion offer not enough, but willing to engage with buyers

Thursday, February 26 by SRN News

By Scott Murdoch Feb 26 (Reuters) - Australia's BlueScope Steel's shares dropped almost 5% on Thursday after it said a A$15 billion ($10.7 billion) revised bid from the SGH and U.S.-based Steel Dynamics consortium was still not enough to seal its approval. However, BlueScope's board... Read More.

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Current Weather

Stellantis posts 20 billion euro loss in second half after huge EV writedown

Singapore’s Grab bets on AI, new services to triple profit by 2028

Morning Bid: Nvidia delivers, but good no longer cuts it

Amazon’s $50 billion OpenAI investment may depend on IPO or AGI, The Information reports

Solar-powered truck charging gains ground on South Africa’s freight corridors

Asian shares mostly rise after Nvidia earnings beat expectations

Exclusive-Rare earth shortages worsen in US aerospace, chips despite trade truce, sources say

BlueScope says revised $10.7 billion offer not enough, but willing to engage with buyers

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