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THE US-based firm will also lay off about 3,000 more people globally and stop some of its investments unrelated to its core businesses of ride hailing and delivery.
ACCORDING to both companies, CMOS image sensor products are estimated to grow significantly for the foreseeable future, due to growing demand from the security, automotive safety, autonomous vehicles and industrial application fields.
PROCEEDS from the loan will go towards financing the project, including efforts in sustainable development, water and energy conservation, as well as adopting immersive urban greenery and landscaping.
GLOBAL clearing house LCH has cleared the first Sing-dollar interest rate swaps referencing the Singapore Overnight Rate Average (SORA), it said on Tuesday.
THE company was responding to social media posts that it said had "unfairly subjected" it to "unfounded accusations of profiteering and corruption".
The STI today
THE key Straits Times Index jumped 42.05 points or 1.66 per cent to finish at 2,581.33.