Elon Musk threatened to quit Tesla before $1 trillion compensation deal
To receive the maximum compensation, Musk would be required to boost Tesla’s market cap from $1 trillion today to $8.5 trillion in the next 10 years.
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Airwallex acquires California startup to take on Stripe
Australian-founded Decacorn Airwallex has acquired San Francisco-based billing startup OpenPay to expand beyond payments into subscription management.
Google shares hit record high after judge doesn’t order it to be broken up
The ruling also boosted Apple’s shares, as Google will be allowed to continue paying the iPhone maker billions every year to remain the default search engine on its devices.
Google allowed to keep Chrome but must share search data with competitors
Federal prosecutors pushed a judge to force Google to sell its Chrome browser after the company was ruled as a monopolist in court last year.
Amazon earmarks $4.4 billion for New Zealand data centre push
Amazon has been stepping up investments across the Asia Pacific, with plans to invest over $50 billion to scale up its digital infrastructure in Australia, Japan, Singapore, Malaysia and Thailand.
Qantas profits soar 28% to $1.6 billion
Australia’s national carrier Qantas has seen statutory profits take off thanks to strong demand across all market segments.
Forbes Asia 100 To Watch 2025
Our fifth annual Forbes Asia 100 to Watch list provides a window into the vibrant world of startups and small companies in the Asia-Pacific region. Drawing nearly $3 billion in funding to date, these companies operate in fast-rising sectors such as biotechnology, spacetech and green tech.
Why AI stocks are giving some investors dotcom bubble déjà vu
In 2000, internet darling Cisco was the world’s most valuable company. Today it’s worth half as much. Buyer beware for AI juggernauts like Nvidia and Palantir.
Canva valued at $42 billion in employee share sale
The latest funding round was led by Fidelity Management & Research and funds linked to J.P. Morgan Asset Management.
Blackstone-backed AirTrunk gets $1.8 billion loan to build second data centre
The new AI-powered data center, which will have a capacity of over 70 megawatts, will be financed by a syndicate of more than 20 banks including Crédit Agricole CIB, DBS Bank and ING Bank.