UK investors sue Binance in London for £150 million
LONDON, June 30 : Almost 1,700 British investors are suing Binance and founder Changpeng Zhao for at least £150 million ($200 million), alleging the crypto trading platform sold them risky, complex derivative products without regulatory authorisation.The claimants, some of whom said they had lost t ...
Anthropic unveils 'Claude Science' AI platform for scientific research
June 30 : Anthropic on Tuesday launched Claude Science, an AI platform designed to help scientists streamline research, analyze data and manage complex computing workflows.The launch is part of Anthropic's life sciences and healthcare initiative, which the IPO-bound company has been developing ...
Frasers Centrepoint Trust to sell White Sands mall for S$467 million
Elysia Tan - The net proceeds will be used to repay debt, says its manager
US Supreme Court to hear Apple appeal of contempt in Epic Games lawsuit
WASHINGTON, June 30 : The U.S. Supreme Court agreed on Tuesday to hear Apple's bid to escape being found in contempt in its legal fight with "Fortnite" maker Epic Games after the iPhone maker was deemed in violation of a judicial order mandating sweeping changes to its lucrative App S ...
Italy's Hodli says it has approval to be country's first crypto asset manager
MILAN, June 30 : Genoa-based fintech Hodli said on Tuesday it had received regulatory approval under European Union rules on digital assets to operate as Italy's first manager of crypto asset portfolios.• Hodli said it had been authorised by the Bank of Italy as a provider of crypto asset ser ...
Amazon’s AWS commits US$1 billion toward new unit for embedded AI engineers
Forward-deployed engineering is a rare bright spot among tech companies that have been retrenching staff
Consortium including Visa, Mastercard jointly launch new global stablecoin
June 30 : A consortium including Visa, Mastercard and Coinbase on Tuesday launched a new joint stablecoin in a bid to broaden the adoption of the digital tokens.The venture, called Open Standard, brings together more than 140 businesses for the stablecoin network and will issue a new U.S.-dollar peg ...
Amazon’s AWS commits $1 billion toward new unit for embedded AI engineers
SAN FRANCISCO, June 30 : Amazon said on Tuesday it is creating a new division under its Amazon Web Services cloud unit employing so-called forward-deployed engineers who embed with customers to help them more quickly and efficiently adopt artificial intelligence software.The company is committing an ...
Iran war and AI boom drive wild ride on global markets
LONDON, June 30 : Investors have had to gulp down the motion-sickness tablets this year as the turmoil from the Iran war has clashed with a seemingly unstoppable boom in all things AI and otherworldly.Global stocks are now $7 trillion higher than at the end of 2025, even though the war caused a $9 t ...
Dollar pushes higher, yen sinks to 40-year low
NEW YORK/LONDON, June 30 : The dollar gained on Tuesday and pushed the yen to its lowest levels since 1986, heightening expectations that direct intervention from Tokyo may be near and also putting the euro under pressure.The U.S. dollar climbed to as high as 162.50 yen and was last at 162.42, up 0. ...
Rakuten satellite project to receive up to $912 million in Japan govt grant
TOKYO, June 30 : The Japanese government will grant up to 148 billion yen ($912 million) to Rakuten Group to help it build a satellite communications network, industry group Communications and Information Network Association of Japan said on Tuesday. Rakuten, an e-commerce, financial and telecommuni ...
Wall St subdued at open on final trading day of strong quarter
[NEW YORK] Wall Street’s main indexes opened flat on Tuesday (Jun 30), the final trading day of a quarter that saw equities...
iWOW seeks to raise $15 mil placing out shares at 22.5 cents each
The Edge Singapore - iWOW Technology plans to raise just over $15 million by placing out 66.67 million new shares at 22.5 cents each, to fund new growth via acquisitions, expansion of facilities and market development. The placement, managed by Zico Capital, will expand the company's share base by a fifth to 344.8 ...
Meta loses bid to dismiss US states’ claims that Facebook, Instagram addict children
A US federal judge rejected Meta Platforms’ bid to dismiss a lawsuit by dozens of US state attorneys general accusing it of...
Jumbo Group unit in JV to bring Chinese quick-service restaurant Lausanjee to Singapore
Elysia Tan - The subsidiary will have a 49% shareholding interest in the joint venture company
EU opens antitrust probe into Align Technology over Invisalign, scanner tying
BRUSSELS, June 30 : The European Commission said on Tuesday that it has opened an antitrust investigation into U.S.-based Align Technology over suspected tying of its iTero intra-oral scanners to Invisalign clear aligners in the European Economic Area.The probe, prompted by a competitor's compl ...
US approach to regulation of AI is problematic, Sixth Street's Chavez says
LONDON, June 30 : The United States' regulation of artificial intelligence is problematic and inconsistent, Martin Chavez, vice chairman at investment firm Sixth Street, told Reuters on Tuesday.Speaking at the Reuters Momentum AI London event, Chavez criticised the current U.S. approach of regu ...
Crypto firms have spent $189 million so far on 2026 US election, report says
June 30 : Cryptocurrency companies have spent $189 million so far to influence the 2026 U.S. midterm elections, outpacing their spending for the previous election cycle, according to a new report from Public Citizen, a consumer advocacy organization. More than one-third of all corporate money contri ...
Meta loses bid to dismiss US states' claims that Facebook, Instagram addict children
June 30 : A federal judge rejected Meta Platforms' bid to dismiss a lawsuit by dozens of U.S. state attorneys general accusing it of designing Facebook and Instagram to be addictive to children and knowingly concealing the harm from the public.In a decision late on Monday night, U.S. District J ...
Joby, Toyota announce joint venture for air taxi production
June 30 : Joby Aviation and Toyota Motor announced a joint venture on Tuesday to produce the air taxi maker's S4 series, as it looks to secure government approval to deploy its commercial electric vertical takeoff and landing aircraft.Air taxi firms such as Joby are competing to secure approval ...
Strong US dollar pushes yen to 40-year low as traders test Japanese authorities
[LONDON/SINGAPORE] The steadily climbing US dollar pushed the yen down to levels not seen since 1986 on Tuesday (Jun 30), heightening expectations...
Lendlease Global Commercial Reit manager appoints existing director Penelope Ransom as board chair
Elysia Tan - CEO Guy Cawthra becomes an executive director
Indonesia's 'nobar economy' scores as World Cup fever boosts businesses
Indonesia is one of the few countries in Southeast Asia where all 104 World Cup matches are available on free-to-air TV.
Bank of England’s Breeden warns AI agents risk triggering market meltdowns
AUTONOMOUS artificial intelligence agents risk causing “market meltdown” and may need tighter regulation, Bank of England Deputy Governor Sarah Breeden warned.
Agentic AI may require regulatory reform, BOE’s Breeden says
LONDON, June 30 : More sophisticated regulatory frameworks may be needed to monitor and contain the risks AI poses to the financial system, one of the Bank of England's deputy governors said on Tuesday.Speaking at the European Central Bank Forum on central banking in Portugal, Sarah Breeden, de ...
Bank of England's Breeden signals new rules to govern agentic AI
LONDON, June 30 : The Bank of England on Tuesday signalled the need for bespoke AI regulation to contain risks to the financial system posed by increasingly capable agentic systems, in a potential shift in its approach to overseeing the technology. Following years of insistence that existing framewo ...
Deutsche Bank sells India retail business to Kotak Mahindra
The business with around 1,000 employees comprises around 2.7 billion euros (S$3.98 billion) in loans and serves 150,000 customers
Apptronik launches robot training hub, unveils Apollo 2 humanoid robot
June 30 : Google-backed Apptronik unveiled a new robot training facility on Tuesday, betting that large-scale real-world data collection will accelerate the commercialization of humanoid robots.The Austin-based startup said the facility, developed with Google DeepMind, is designed to move robots fro ...
Singapore office rents climb higher in Q2 as limited CBD supply keeps market tight
Chong Xin Wei - Rents at CBD Grade A buildings have risen for six straight quarters
Three Holland Village shophouses sold for S$70 million to Tat Lee Bank’s Goh family unit
Kalpana Rashiwala - The two-storey shophouses are fully let; tenants include Pet Lovers Centre, a spa, bakery and F&B outlets
US dollar appreciation leaves Apac with slowest wealth growth in 2025: UBS
Tan Nai Lun - Currency effects have dragged the region’s share of global wealth, though it remains a long-term growth driver
US dollar depreciation leaves Apac with slowest wealth growth in 2025: UBS
Tan Nai Lun - Currency effects have dragged the region’s share of global wealth, though it remains a long-term growth driver
India's SBI-backed Cashfree Payments bets on cross-border push with travel, investment payments
BENGALURU, June 30 : Indian fintech firm Cashfree Payments plans to deepen its cross-border business with offerings such as overseas investment and travel payments as it seeks to tap rising demand for international transactions, CEO Akash Sinha said on Monday.Cashfree, backed by State Bank of India, ...
Parkway Life Reit sells Japan nursing home for US$7.2 million
Elysia Tan - Amount is about 38% higher than what it paid 18 years ago, and 5% above the latest valuation
