SINGAPORE’S Grab beat Wall Street expectations for first-quarter revenue on Tuesday, benefiting from resilient demand for its ride-hailing and food-delivery services after rolling out promotional offers and bundled features to attract more customers. Southeast Asia’s biggest ride-hailing and delivery firm has been trying to boost spending on its platform by …
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OAKLAND, California — OpenAI’s co-founder and president, Greg Brockman, on Monday disclosed deeper financial ties to CEO Sam Altman than previously known as well as a stake in the ChatGPT maker worth almost $30 billion. The details were shared in court during questioning by a lawyer for Elon Musk, who co-founded …
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The Amazon logo is seen outside its JFK8 distribution center in Staten Island, New York (Reuters Photo) NEW YORK — Amazon announced on Monday it is opening up its massive shipping and delivery network to any business that wants to use it — not just the merchants who sell on Amazon’s …
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SEOUL — Samsung Biologics estimated on Monday that a strike by its union over pay has cost the contract drug manufacturer about 150 billion won ($101.90 million) so far, marking the latest labor unrest to hit the South Korean conglomerate. The estimate reflected the financial impact from a “partial disruption to …
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HELSINKI/GDANSK/FRANKFURT — Brussels’ antitrust rules have already once helped derail an attempt to create the world’s top lift maker, but Kone’s proposed new tie-up with TK Elevator shows the Finnish group is banking on a change in Europe’s approach to forging regional champions. People familiar with the deal say a planned …
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CES 2026, an annual consumer electronics trade show, in Las Vegas GAMESTOP proposed on Sunday to buy eBay Inc. for about $56 billion in a cash-and-stock deal, with CEO Ryan Cohen saying he was prepared to take the bid directly to shareholders should eBay’s board be unreceptive. GameStop – once …
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As the Philippine franchise landscape evolves, Binalot is introducing a new format focused on flexibility, scalability, and modern retail needs: the Binalot Smart Box. Launched at Franchise Asia 2026, the Smart Box is a fully equipped, ready-to-deploy store that brings the brand’s Filipino fiesta experience to diverse locations, from empty …
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Bloomberg/Getty Images UNITED Parcel Service’s efforts to grow its share of the lucrative prescription drugs delivery market appear poised to reap benefits in the second half of this year, even as the Iran war clouds the global economic outlook, CEO Carol Tome said in an interview. That premium business, which …
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Meta rolled out new parental controls for its AI chatbot as concerns over AI use and mental health grow Meta rolled out new supervision features last week that let parents monitor topics their children discuss with its AI chatbots. (Illustration/Dado Ruvic/Reuters) Concerns are growing about how some young people engage …
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All five Japanese trading houses reported earnings and predicted profit rises for their current fiscal years on Friday. (Source photos by Nikkei) TOKYO — Major Japanese trading houses on Friday said they expected higher fiscal year profits as the US-Israeli war on Iran keeps commodity prices high, while domestic utilities …
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