Siemens

They increasingly view the city-state not just as a sales outpost, but also as a base to serve the rest of South-east Asia

The German group says the deal will support the modernisation and digitalisation of the national rail network in Italy

The buyback will extend over a period of up to five years

Hurdles include concerns over returns on investment and integrating new technologies with legacy systems

The company will hand a 30% stake in its former medical equipment unit to its own shareholders

The joint venture between SP Group and Siemens was set up in 1996

Like most manufacturers, the German manufacturer is also contending with higher tariffs

The partnership will focus on developing digital and AI-driven solutions to help manufacturers in Singapore and the region transition to more resilient and environmentally responsible operations

Software from Cadence and Synopsys is used to design everything from the highest-end processors for the likes of Nvidia and Apple to simple parts such as power-regulation components