White House to give US agencies Anthropic Mythos access, Bloomberg News reports
April 16 : The U.S. government is planning to make a version of Anthropic's frontier AI model Mythos available to major federal agencies amid concerns that the tool could sharply increase cybersecurity risk, Bloomberg News reported on Thursday.Announced on April 7, Mythos is being deployed as p ...
Russia-linked Grinex crypto exchange suspends operations after cyber attack
MOSCOW, April 16 : Russia-linked sanctioned crypto exchange Grinex said on Thursday it had suspended operations after assets worth 1 billion roubles ($13.10 million) were stolen during a cyber attack.Grinex, which is based in Kyrgyzstan but linked to Russia, was sanctioned by the U.S., the UK and th ...
Gucci-owner Kering aims to launch luxury Google glasses next year, CEO says
FLORENCE, Italy, April 16 : Kering aims to launch smart glasses under the Gucci brand in partnership with Google next year, CEO Luca de Meo told Reuters, becoming potentially the first major luxury brand to enter the AI-powered eyewear sector.That will pit it against Italian-French eyewear leader Es ...
Trump says Israel, Lebanon have agreed 10-day ceasefire
A US official says the ceasefire would begin on Thursday
US SEC seeks comment on contentious trading database
WASHINGTON, April 16 : The U.S. Securities and Exchange Commission said on Thursday it is seeking public comment on whether it should comprehensively review the so-called Consolidated Audit Trail (CAT), potentially re-opening a decade-long dispute over the trading database.The SEC said it would seek ...
Meta to raise Quest VR headset prices in US on rising component costs
April 16 : Meta Platforms said on Thursday it would increase the prices of its virtual reality headsets from April 19 in the United States due to rising costs of memory chips.Its entry-level Quest 3S headset with 128 gigabytes of storage will now cost $349.99, compared with $299.99 earlier, the Face ...
Mainboard-bound MoneyMax to broaden share base by placing out 53 mil shares
The Edge Singapore - MoneyMax Financial Services, which is seeking to transfer its listing to the Mainboard, plans to place out 53 million new shares at 83.5 cents each so as broaden its shareholder base, and to raise gross proceeds of some $44.23 million. Under market rules, at least 15% of the share base is to be in p ...
Blue Origin's third New Glenn launch faces key reuse test in rivalry with SpaceX
April 16 : Blue Origin is set to launch its third New Glenn mission on Friday, carrying AST SpaceMobile's BlueBird 7 satellite to low-Earth orbit in a flight that marks a pivotal step for the Jeff Bezos-led company's ambitions.The mission is critical in proving New Glenn, a 29-story heavy- ...
Boeing unveils satellite platform, targets 26 deliveries in 2026
April 16 : Boeing and its unit Millennium Space Systems are working together to expand production capacity and launch a new satellite platform as they look to fulfill a growing backlog of orders, the aerospace firms said on Thursday.Boeing is targeting 26 satellite deliveries in 2026, up from just f ...
Rupiah hits record low against Singdollar, threatening Indonesian arrivals and trade
[SINGAPORE] Indonesia’s rupiah hit a fresh low against the Singapore dollar on April 15, weighed down by rising oil prices linked to the Iran...
Bank of England says it is testing AI risks to financial system
April 16 : The Bank of England is testing the risks to the financial system caused by AI by conducting scenario analysis and simulations, the central bank said in a letter published by lawmakers on Thursday.The BoE said it disagreed with an assessment by parliament's Treasury Committee that it ...
Myseum takes flight after Allbirds in fresh AI rebrand wave
April 16 : A day after footwear maker Allbirds rose 582 per cent on its plan to "pivot its business to AI compute infrastructure," social media firm Myseum was up 181 per cent early on Thursday in the latest sign of an investor mania for artificial intelligence stocks.Early on Wednesday, A ...
Yangzijiang Maritime to sell 4 tankers while adding another 8 newbuilds
Lin Daoyi - In a bourse filing on April 16, Yangzijiang (YZJ) Maritime Development shares that it has signed contracts for the sale of four new medium-range (MR) tankers of 49,000 deadweight tonnage (DWT) each. Slated for delivery in 2027 and 2028, the four MR tankers are expected to contribute positively to th ...
Starlink user growth accelerates as SpaceX eyes public market debut, report says
April 16 : Starlink, the satellite internet unit of Elon Musk's SpaceX, is seeing a surge in global user growth and app downloads, market research firm Apptopia said in a report, highlighting its role in supporting the parent's expected listing this summer.Global downloads of the Starlink ...
Abbott cuts profit forecast in wake of cancer-screening deal
It still projects full-year 2026 comparable sales growth of 6.5% to 7.5%
Wall Street indexes open higher as Mideast diplomacy hopes, earnings lift sentiment
[NEW YORK] Wall Street’s main indexes opened higher on Thursday (Apr 16) on rising hopes that the worst of the Middle East...
Oil prices rise on doubts US-Iran peace talks will ease Strait of Hormuz disruption
"We remain sceptical of any immediate solving of this war," said an oil market analyst. "Pick any headline and there is always a counter."
AmEx to buy Altman-backed Hyper in push for AI-powered expense tools
April 16 : Credit card giant American Express said on Thursday it would buy Hyper, an artificial intelligence-focused expense management startup backed by OpenAI Chief Executive Sam Altman.The deal underscores how large financial firms are racing to bring AI into core business software, especially i ...
Google, Pentagon discuss classified AI deal, the Information reports
April 16 : Alphabet's Google is negotiating an agreement with the Department of Defense that would allow the Pentagon to deploy its Gemini AI models in classified settings, the Information reported on Thursday, citing two people with direct knowledge of the discussions. The two parties are disc ...
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
Derryn Wong - US company Enterprise Mobility is the franchisor; services are to start in the CBD and western Singapore in October
IMF warns of Asia’s vulnerability to war-induced energy shock
An acute hit to growth is possible if a prolonged conflict triggers supply shortages
Yangzijiang Maritime orders 8 giant oil tankers, sells 4 smaller vessels in twin deals
Tessa Oh - The acquisition will be funded through a combination of equity co-investment and debt financing
TPG invests $100 million in student mobility company Zum
NEW YORK, April 16 : Private equity firm TPG has made a $100 million investment in Zum, in a deal that values the student transportation company at around $1.7 billion, Zum told Reuters on Thursday.The valuation marks an increase from Zum's 2024 Series E funding round, when it was valued at $1. ...
TPG to invest $100 million in student mobility company Zum
NEW YORK, April 16 : Private equity firm TPG has made a $100 million investment in Zum, in a deal that values the student transportation company at around $1.7 billion, Zum told Reuters on Thursday.The valuation marks an increase from Zum's 2024 Series E funding round, when it was valued at $1. ...
Vietnam’s EVN suggests steep payment cuts for clean-energy projects in US$13 billion dispute
Jamille Tran - If the proposal passes, investors will have to pay back part of the incentive payments they have received
Indonesia to double capital requirement for securities firms, certain asset managers
JAKARTA, April 16 : Indonesia's financial regulator will double the capital requirement threshold for securities firms and certain asset managers to reduce risks of stock market manipulation, an official told Reuters on Thursday.The move is part of broad capital market reforms by Indonesian aut ...
IMF warns of Asia's vulnerability to war-induced energy shock
WASHINGTON, April 16 : Asia is more vulnerable to an energy shock than other regions because of its heavy reliance on Middle East fuel, an International Monetary Fund executive said, warning of an acute hit to growth if a prolonged war triggers supply shortages.The region's economies entered 20 ...
Stellantis, Microsoft sign five-year partnership for AI push
MILAN, April 16 : Stellantis and Microsoft said on Thursday they agreed to a five‑year strategic partnership to co-develop artificial intelligence (AI), cybersecurity and engineering capabilities, as the automaker races to keep pace with technology-focused rivals. Software and data-driven services ...
Kim Heng: Navigating the energy transition
Lin Daoyi - While the offshore and marine (O&M) sector is on an uptrend in general, with companies benefitting from diversifying their product and service offerings, Catalist-board Kim Heng’s journey to profitability has not been smooth sailing. For FY2025 ended Dec 31, 2025, Kim Heng reported a net loss ...
SBF pushes back on US trade probes, warns tariffs would hurt American firms
Tessa Oh - Singapore’s acts, policies and practices do not ‘burden or restrict’ commerce of the United States, it adds
Marco Polo Marine: Kum’s investment signals confidence in upcycle
Lin Daoyi - Similar to its peers, Marco Polo Marine (MPM) was badly hit when the offshore and marine (O&M) industry experienced a slump from the mid-2010s onwards due to a cratering in oil prices and an oversupply of O&M assets. In a bid to keep the company afloat, the controlling Lee family had to brin ...
Seatrium: An amalgamation bearing fruit
Lin Daoyi - As the world seeks to balance the challenges of the energy trilemma — security, affordability and sustainability — the fortunes of offshore and marine (O&M) player Seatrium, along with the sector as a whole, are gaining momentum. Born out of a combination of the world’s two largest oil rig ...
O&M companies fund growth through diverse ways
Lin Daoyi - With the Middle East conflict and the ensuing energy crisis, the offshore and marine (O&M) sector is expected to boom. In the short-term, the demand for oil and gas is expected to spur investment in offshore assets while energy trilemma concerns will drive long-term growth for renewables. To sup ...
FLCT acquires Dutch logistics facility for 43 million euros
Deon Loke - The purchase is expected to be accretive to the trust’s distribution per unit
