Business
AI to send Asia’s data centre spending and power needs up; Morgan Stanley picks the winners
Data centre investments in Asia will likely double to US$200 billion by 2030, as the rising use of artificial intelligence (AI) will…
Tag
Spending
Business
Top Thai wind power firm to fund 65 billion baht of spending with IPO
Thailand’s largest wind power producer plans to spend 65 billion baht (S$2.6 billion) to almost triple its generation capacity over the…
Politics
Big, beautiful bomb-throwers: GOP spending hawks threaten to sink Trump's tax cut bill
A group of Senate Republicans, led by fiscal stalwart Ron Johnson of Wisconsin, are prepared to torpedo President Trump's signature tax…
Politics
Sen. Ron Johnson pans spending in House bill, warns it will add $4 trillion to national debt
Sen. Ron Johnson says the spending cuts in President Trump's "big beautiful bill" amounts to a "rounding error" in the amount of money…
News
Estee Lauder, L’Oreal suffer as China’s duty-free spending falls
UNABLE to travel overseas during the Covid-19 pandemic, Chinese consumers sparked a shopping boom in the southernmost province of Hainan,…
Politics
China Ran Record Budget Deficit With Spending Blitz Amid Tariffs
(Bloomberg) -- China’s fiscal stimulus pushed its four-month budget deficit to a record high, as the government ramped up support for the…
News
Musk will reduce political spending, committed to being Tesla CEO in 5 years’ time
Elon Musk said he plans to significantly cut political spending and is committed to staying on as Tesla’s CEO for another five years,…
News
Elon Musk will do a 'lot less' political spending in the future
Elon Musk said Tuesday that he is going to reduce his future spending on politics in the United States. Source link
Politics
Elon Musk Says He’s Stopping Political Spending After Losing Key Race
Elon Musk claimed Tuesday that he plans to back off from buying American elections, following his failed attempt to purchase a Wisconsin…
Business
China banks cut deposit rates to aid margins, drive spending
MAJOR Chinese banks cut deposit rates again, in the latest efforts to preserve their shrinking profitability and drive consumers to spend…
Politics
Trump to end spending on Biden-era digital equity law, calling it 'racist and illegal'
President Trump said he is ending the Biden-era Digital Equity Act, intended to provide digital service to lower-income communities, to…
Business
Mastercard profit beats expectations on resilient consumer spending
MASTERCARD beat Wall Street estimates for first-quarter profit on Thursday as customers kept up spending on its card network despite the…
Business
In an Uncertain Economy, McDonald’s Sees Spending Decline
Even value meals aren’t enough to get anxious consumers to spend. Despite efforts to entice customers to its restaurants, McDonald’s saw…
Business
Meta quarterly profit climbs despite big cloud spending
Tech giant Meta on Wednesday (Apr 30) reported quarterly profits that were well above expectations, brushing aside market worries that its…
Business
Visa earnings top estimates as spending on network stays strong
The company also says at the investor day that it expects its value-added services to account for more than half of total revenue in…
News
German public spending ratio nearly 50% in 2024 due to welfare costs
Numerous euro banknotes lie on a table. An independent panel of experts has warned that Austria's budget crisis is even more severe than…
Business
Pepsico Cuts Growth Forecast Amid Tariffs and Slowed Consumer Spending
Consumers, worried about the economy, are pulling back on their spending, and that anxiety is translating into lower sales and profits for…
Business
AmEx profit rises on resilient card spending
Provisions for credit losses were US$1.2 billion in the quarter, compared with US$1.3 billion a year earlier American Express reported a 6…
Business
LVMH sales fall as shoppers curb spending on luxury goods
LVMH sales fell more than expected in the first quarter, weighed down by weak demand for luxury goods in China and the US and the threat…
News
The Former C.I.A. Officer Capitalizing On Europe’s Military Spending Boom
During a 24-hour swing through Copenhagen last month, Eric Slesinger met with engineers making maritime drones, developers of war-planning…
Politics
Trump tariffs could stymie Big Tech’s US data centre spending spree
US PRESIDENT Donald Trump’s sweeping reciprocal tariffs could hamstring Big Tech’s billion-dollar efforts to build artificial intelligence…
Politics
Kristi Noem's expenses raise eyebrows among Republicans in her home state
Department of Homeland Security (DHS) Secretary Kristi Noem, while serving as South Dakota governor, billed state taxpayers hundreds of…
Business
Experts weigh in as Gen Z woman with $100K in savings shares 'money rules'
A 24-year-old woman has gone viral after sharing her five "money rules" which helped her save over $100,000, and financial experts have…
Politics
Senate GOP eyes at least $2 trillion in spending cuts for budget package, Daines says
Senate Republicans are "starting to coalesce" around a $2 trillion floor for spending cuts in a party-line budget reconciliation package,…