Anthropic talks to EU, including on its cyber security models, Commission says
BRUSSELS, April 17 : U.S.-based artificial intelligence company Anthropic is currently in discussion with the European Commission on its different models, including its cyber security ones, which are not yet available in the EU, the Commission said on Friday. Anthropic has already committed to respe ...
Singapore shares fall on Friday, pending news of US-Iran diplomacy efforts; STI down 0.2%
Benicia Tan - Yangzijiang Shipbuilding leads the gainers on the benchmark index, rising to S$4.09
Chinese regulator fines, confiscates US$527m from food-delivery platforms
They violated food safety regulations
Autobahn Rent A Car directors declared bankrupt over S$50 million each owed to DBS
Derryn Wong - Roy Tan owes the bank S$54.8 million and Sanjay Kumar Rai S$59.8 million
Scientists decipher the geological history of the Grand Canyon
April 17 : The Grand Canyon is a marvel on the landscape of North America, a breathtaking geological feature in the southwestern U.S. state of Arizona presenting dramatic contours and richly colored vistas.Research is now providing insight into how and when the Colorado River, whose continuous might ...
UOB’s Wee Ee Cheong says S$4.9 billion Citi deal ‘paying off’ as Asean push accelerates
Renald Yeo - The lender also flagged minimal private credit exposure, and said that its balance sheet can absorb Middle East shocks
French train maker Alstom hit by delivery delays
The company's financial warnings also rattled investors, with shares dropping nearly 30 per cent on the Paris stock exchange.
French finance minister calls for more euro-pegged stablecoins
PARIS, April 17 : Europe needs more euro-based stablecoins, French Finance Minister Roland Lescure said on Friday, and urged the bloc's banks to explore tokenised deposits to help end U.S. dominance in digital payments. In pre-recorded comments at a crypto conference in Paris, Lescure said the ...
French finance minister calls for euro-based stablecoins
PARIS, April 17 : French Finance Minister Roland Lescure on Friday said Europe needed more euro-based stablecoins and encouraged the bloc's banks to explore tokenised deposits. In pre-recorded comments at a crypto conference in Paris, Lescure said the relatively small volume of euro-pegged stab ...
Iran conflict, disaster risks could drive inflation pressures in Singapore, Asia: Swiss Re global CEO
Ranamita Chakraborty - Driven by recent uncertainties, Swiss Re has established a task force to monitor geopolitical hotspots
EU Commission awards 180 million euro cloud contract to four European providers
April 17 : The European Commission on Friday awarded a 180 million euro ($212 million) tender for sovereign cloud services to four European providers for a six-year period, as part of a push to reduce the bloc's dependence on non-European technology.The contract was awarded to Luxembourg's ...
India smartphone shipments fall to 6-year low in Q1 amid price hikes, Counterpoint Research says
April 17 : India's smartphone shipments fell 3 per cent year-on-year in the first quarter of 2026, marking their weakest quarterly performance in six years as cost pressures, price hikes and soft demand weighed on sales, Counterpoint Research said on Friday.• Over 80 smartphone models saw ave ...
Will the Philippines hit the brakes on a deregulated oil industry amid fuel pain?
With domestic pump prices continuing to rise, calls for state intervention are growing
Japan's core inflation likely ticked up in March fuelled by energy costs: Reuters poll
TOKYO, April 17 : Japan's core consumer inflation probably picked up slightly in March from the previous month due to higher energy costs, a Reuters poll showed on Friday, in a sign of the tangible impact of the Middle East conflict. The nationwide core consumer price index (CPI) - which includ ...
Ericsson first-quarter profit misses estimates on sluggish sales
The company has focused on slashing costs, eliminating about 5,000 jobs worldwide in 2025
In taxing wealth, how far can Singapore push property owners?
Tessa Oh - While inequality data has revived calls for wealth taxes, the government remains focused on immobile assets
Vietjet signs finance lease deal with SPDB for 10 Chinese-made Comac aircraft
The carrier currently operates 135 aircraft
Wall Street turns gloomy on US dollar as haven demand fades
Investors are once again focusing on the headwinds that drove the dollar down 8 per cent in 2025
IMF expects ECB to raise rates by half a percentage point in 2026
The ECB’s main interest rate is currently set at 2 per cent
Ericsson lags profit expectations as AI demand drives up chip costs
April 17 : Sweden's Ericsson reported a first-quarter core profit that slightly missed market expectations on Friday, citing increasing chip costs caused by artificial intelligence demand and a sales slowdown in North America.The network equipment maker is facing rising input costs partially du ...
Ericsson lags profit expectations as AI demand drives up chip bill
April 17 : Sweden's Ericsson reported a first-quarter core profit that slightly missed market expectations on Friday, citing increasing chip costs caused by artificial intelligence demand and a sales slowdown in North America.The network equipment maker is facing rising input costs partially du ...
Ericsson slightly lags profit expectations as AI demand drives up chip costs
April 17 : Sweden's Ericsson reported a first-quarter core profit that slightly missed market expectations on Friday, citing increasing chip costs caused by artificial intelligence demand and a sales slowdown in North America.The company reported an adjusted operating profit of 5.2 billion Swed ...
Hutchison, Jardine in talks to merge supermarket businesses in Hong Kong, sources say
HONG KONG, April 17 : CK Hutchison Holdings and Jardine Matheson Holdings, two of Hong Kong's biggest conglomerates, are in talks to merge their supermarket divisions in the city, said two people with knowledge of the matter.The talks between Hutchison and Jardine's DFI Retail unit have be ...
Hutchison, Jardine in talks to merge supermarket business in Hong Kong, sources say
HONG KONG, April 17 : CK Hutchison Holdings and Jardine Matheson Holdings, two of Hong Kong's biggest conglomerates, are in talks to merge their supermarket divisions in the city, said two people with knowledge of the matter.The talks between Hutchison and Jardine Matheson's retail unit DF ...
Jardines and CK Hutchison pursue Hong Kong supermarket megadeal, FT reports
April 17 : Hong Kong-based Jardines is in talks with CK Hutchison to buy its supermarket division, which trades as ParknShop, and merge it with Wellcome, the Financial Times reported on Friday, citing people familiar with the matter.CK Hutchison's AS Watson group, which owns ParknShop, competes ...
Hormuz blockade stirs tension over Malacca strait near Singapore
The Strait of Malacca is also more than five times longer than the Strait of Hormuz, providing ample scope for disruption
Japan says energy-related supply chain bottlenecks can be cleared within days
TOKYO, April 17 : Japan's industry minister Ryosei Akazawa said on Friday that supply chain bottlenecks arising from disruption to raw materials procurement including naphtha could be resolved within days, as the Iran war strains energy and petrochemical flows from the Middle East.Concern has m ...
Layoffs at PropertyLimBrothers expose key-man risk
Jovi Ho - Embattled property agency PropertyLimBrothers (PLB) has laid off employees from its media arm, less than three months after allegations about an extramarital affair between two senior executives thrust the firm into the spotlight. The “majority” of “local staff” from PLB Media were affected ...
London metals index at record high on aluminium ‘black hole’ fear
The metal has risen about 15% since the start of the Iran war
Malaysia's economy grew 5.3% yr/yr in Q1, official advance estimate shows
KUALA LUMPUR, April 17 : Malaysia's economy grew 5.3 per cent in the first quarter from a year earlier, official advance estimates showed on Friday, moderating from its pace at the end of 2025 as activity slowed in some key sectors.In the final quarter of 2025, gross domestic product had expand ...
OpenAI to spend more than US$20 billion on Cerebras chips, receive stake: The Information
OPENAI has agreed to pay chip startup Cerebras more than US$20 billion over the next three years to use servers powered by...
India's Wipro slips as weak forecast deepens growth concerns
April 17 : Shares of Wipro dipped 3 per cent after its weak first-quarter revenue forecast reinforced concerns over slowing growth and persistent margin pressure for India's fourth-largest IT firm.The stock was the top loser on the IT index, which was down 0.4 per cent, and the second-biggest d ...
India's Wipro falls as weak forecast sparks growth concerns
April 17 : Shares of Wipro dipped 2.9 per cent on Friday after India's fourth-largest IT firm's revenue outlook for the ongoing quarter reinforced concerns around growth visibility and margin pressure.The stock was the top loser on the IT index as well as the benchmark Nifty 50.
Strike looms at Australia LNG plant as Inpex workers reject new contract
PERTH, April 17 : Japan's Inpex said on Friday that workers at its Ichthys liquefied natural gas facility in Australia had voted against a new employment agreement, raising the risk of a strike that could exacerbate already tight energy supplies globally."A majority of eligible employees h ...
