Adobe agrees to pay $150 million to resolve alleged violations of online shopper law
March 13 : The U.S. Justice Department said on Friday that Adobe Inc has agreed to a $150 million settlement and an injunction to resolve allegations that the software firm's subscription practices violated the Restore Online Shoppers' Confidence Act.
Italy to meet Pirelli and its investors over Chinese control spat, sources say
MILAN, March 13 : Italian government officials will meet on Monday with representatives from Pirelli and of its two main investors as part of efforts to address a spat over Chinese influence on the tyremaker, two sources said.Pirelli's two largest shareholders, Chinese state-owned Sinochem with ...
Europe takes first step to banning AI-generated child sexual abuse images
BRUSSELS, March 13 : Europe on Friday took the first step towards outlawing artificial intelligence practices which generate child sexual abuse material after EU governments proposed to add this provision to the bloc's landmark AI rules adopted two years ago.Governments and regulators from Euro ...
Exclusive-SpaceX taps Gibson Dunn and Davis Polk & Wardwell as legal advisors on blockbuster IPO, sources say
March 13 : SpaceX and the banks underwriting its blockbuster IPO have chosen two law firms to provide legal advice on the deal, one of the first concrete steps companies take when preparing a public listing, two people familiar with the plans said. Elon Musk's rocket-and-satellite company has h ...
Win for Amazon as Luxembourg court scraps record $854 million privacy fine
BRUSSELS, March 13 : Amazon on Friday won its appeal against a record 746-million-euro ($854.4 million) fine imposed by Luxembourg’s privacy regulator, after a court found the watchdog had not properly carried out its analysis and must reassess the case.The Luxembourg National Commission for Data ...
Musk ousts more xAI founders as AI coding effort falters, FT reports
March 13 : Elon Musk has triggered a fresh wave of job cuts at his AI firm xAI, with more co-founders pushed out amid his dissatisfaction with the underperformance of the startup's coding division, the Financial Times reported on Friday.Musk last month overhauled the management of xAI, ahead of ...
Cerebras Systems, Amazon strike deal to offer Cerebras AI chips on Amazon's cloud
SAN FRANCISCO, March 13 : Amazon.com and Cerebras Systems on Friday said they have reached a deal to combine the two companies' computing chips in a new service aimed at speeding up chatbots, coding tools and other artificial intelligence services.Valued at $23.1 billion, Cerebras is a chip sta ...
Malaysia’s IJM board recommends rejection of Sunway’s ‘not fair and not reasonable’ takeover offer
Derryn Wong - Independent adviser M&A Securities says the offer price represents a 46.1-51.4% discount to IJM shares’ estimated value
Mercedes in early talks with Geely to deepen ties, Bloomberg reports
March 13 : Mercedes-Benz has held preliminary talks with Chinese automaker Geely on expanding ties between the companies as the German automaker looks to strengthen vehicle development in its largest market, Bloomberg News reported on Friday, citing people familiar with the discussions. Reuters coul ...
Dinosaur fossils in Brazil reveal new giant species
SAO PAULO, March 13 : Brazilian scientists have identified a new species of giant dinosaur with ties to a similar animal found in Spain, reinforcing knowledge that land routes once connected parts of South America, Africa and Europe about 120 million years ago.Named Dasosaurus tocantinensis, the spe ...
Demand for analysts grows as equities market gains momentum: industry players
Ranamita Chakraborty - The hiring push comes as regulatory initiatives are rolled out to boost coverage of small and mid-cap stocks
Stocks dip, dollar strong as Iran conflict keeps oil prices high
BOSTON/LONDON, March 13 : Global stocks fell and oil prices stayed high on Friday as uncertainty over the Iran war continued to disrupt energy supplies, heightening concerns over fuel inflation and interest rates.The price of oil hovered around $100 per barrel even as an Indian tanker sailed out of ...
Stocks rise on lower oil prices, though Iran conflict clouds outlook
BOSTON/LONDON, March 13 : Stocks rose on Friday after recent heavy selling, helped by lower oil prices, although uncertainty over the Iran war continues to disrupt energy supplies which is driving concerns over fuel inflation and interest rates.The price of oil fell below $100 per barrel, as an Indi ...
Stocks mixed, dollar up as Iran conflict keeps oil prices high
BOSTON/LONDON, March 13 : Global stocks were mixed and oil prices stayed elevated as uncertainty over the Iran war continues to disrupt energy supplies, driving concerns over fuel inflation and interest rates.The price of oil hovered around $100 per barrel even as an Indian tanker sailed out of the ...
Wall St opens mixed as investors weigh data, Middle East war
[NEW YORK] Wall Street’s main stock indexes opened mixed on Friday (Mar 13), after sharp losses in the previous session, while investors...
No significant changes in vessel arrivals; Singapore has adequate marine fuel, says MPA
Derryn Wong - The authority’s responses are to queries on pre-emptive actions it is taking to address possible congestion, shortages
Didi swings back to a loss in Q4 after revving up global expansion
Its revenue is up by more than 10%, reflecting growth in newer international markets including Brazil and Mexico
Adobe pays $75 million to settle US lawsuit over termination fees, subscription cancellations
March 13 : Adobe said on Friday it will pay $75 million to resolve a U.S. government lawsuit accusing the Photoshop and Acrobat maker of harming consumers by concealing hefty termination fees and making it difficult to cancel subscriptions.The San Jose, California-based company said it will also pro ...
Adobe to pay $75 million to resolve US lawsuit over fees, subscription cancellations
March 13 : Adobe said on Friday it will pay $75 million to the U.S. government to resolve a lawsuit accusing the Photoshop and Acrobat maker of harming consumers by concealing hefty termination fees in its most popular subscription plan, and making it difficult to cancel subscriptions.The company sa ...
SIA, Lufthansa and other airlines add over 15 Singapore-Europe flights in March amid Iran war
Paul Nah SC - [SINGAPORE] Some airlines, including Singapore Airlines (SIA), Air France, British Airways and German national carrier Lufthansa will add more than 15 flights between...
Iran war unlikely to have prolonged impact on stock markets, analysts say
Staying invested in the stock market is likely the best strategy for investors amid volatility from the war in the Middle East, analysts said.
Ancient vial in Turkey shows Romans used human excrement in medicine
BERGAMA, Turkey, March 13 : Archaeologists in Turkey have discovered traces of human excrement in a 1,900-year-old glass vial used to hold perfumes or elixirs, which they believe is the first physical evidence that the Romans used faeces medicinally.Previously, the practice of applying excrement to ...
Delivery Hero investor Aspex calls on CEO to step up turnaround or face ouster
Aspex questions Delivery Hero’s ownership of certain businesses
TEPCO says it will delay commercial start of Kashiwazaki-Kariwa nuclear reactor
TOKYO, March 13 : Tokyo Electric Power said on Friday it will likely delay the start of commercial operations at the Kashiwazaki-Kariwa nuclear power plant because of a minor electricity leak that will temporarily suspend power transmission.TEPCO said it had decided on the suspension from the plant& ...
SingLand sees ‘healthy’ interest in The Clifford ahead of 2028 completion of Raffles Place redevelopment
Chong Xin Wei - The group is ‘cautiously optimistic’ on rents in the area, with tight office supply and strong demand for Grade A space expected...
Sinopec plans to cut crude runs by over 10% on Middle East supply squeeze: sources
The refiner will focus on maximising fuel output at the expense of petrochemicals production
ISDN Holdings’ subsidiary announces strategic partnership with Panasonic to scale LiveInspect.AI solutions
Teo Zheng Long - ISDN Holdings’ (SGX: I07 ) subsidiary, NovaPeak Pte Ltd (NovaPeak) announces a strategic partnership with Panasonic Holdings Corporation (Panasonic) to scale up NovaPeak’s LiveInspect.AI solutions globally. According to ISDN, LiveInspect.AI is a commercialised AI-powered solution for advanced au ...
Malaysia’s IJM board calls Sunway's $2.8 billion takeover bid 'not fair', urges rejection
March 13 : Malaysia's IJM Corp said on Friday its board has urged shareholders to reject a roughly 11 billion ringgit ($2.80 billion) takeover offer from conglomerate Sunway, after an independent adviser said the offer price was "not fair and not reasonable."M&A Securities, an ind ...
Singtel unit launches US$250 million global AI growth fund
Shikhar Gupta - The Singtel Innov8 fund will back high-growth AI startups
Crude futures turn positive on continued Hormuz closure
HOUSTON, March 13 : Crude futures climbed higher on Friday as the Strait of Hormuz remained closed, but analysts were wary the weekend might bring surprise changes in the status of the war two weeks after it started. Brent futures for May were up $1.59, or 1.58 per cent, to $102.05 a barrel at 11:35 ...
Oil on track for weekly gains despite US sanctions waiver on Russian oil
LONDON, March 13 : Oil prices dipped on Friday, but were on track for weekly gains as Gulf disruptions from the Middle East conflict outweighed U.S. and International Energy Agency measures to ease supply concerns.Brent futures for May declined $1.22, or 1.2 per cent, at $99.24 a barrel at 1053 GMT, ...
Oil on track for weekly gains despite US waiving Russian purchase rules
LONDON, March 13 : Oil prices extended their climb on Friday and were on track for weekly gains as disruptions in the Gulf from the Middle East war outweighed U.S. and International Energy Agency measures to ease supply concerns.Brent futures for May rose 88 cents, or 0.9 per cent, to $101.34 a barr ...
Oil prices dip as Indian tanker sails out of Strait of Hormuz
LONDON, March 13 : Oil prices dipped on Friday as an Indian tanker sailed out of the Strait of Hormuz and the U.S. put forth measures to try and ease supply concerns, but were on track for weekly gains as disruptions due to the Middle East conflict broadly persisted.Brent futures for May was down 92 ...
Brent crosses $100/bbl as tanker path corrected
(Corrects with tanker sailing out of Oman not through Strait of Hormuz)By Anna HirtensteinLONDON, March 13 : Brent crude climbed past $100 a barrel on Friday as it became clear an Indian tanker did not sail through the Strait of Hormuz but had departed from Oman east of the strait, which has been cl ...
