Jury says Musk misled Twitter investors before 2022 buyout, Bloomberg News reports
March 20 : A jury has concluded Elon Musk defrauded Twitter investors when he disparaged the company in 2022 in an effort to buy the social media platform for a lower price than his original $44 billion bid, Bloomberg News reported on Friday.Jurors in federal court in San Francisco found on Friday t ...
Sezzle dismisses auditor Baker Tilly, appoints PwC for 2026
March 20 : Sezzle has dismissed its independent auditor Baker Tilly and instead appointed PricewaterhouseCoopers (PwC) for 2026, the buy now, pay later company said in a filing on Monday. The company disclosed a material weakness in controls over the classification of cash flows related to notes rec ...
Super Micro co-founder Yih-Shyan Liaw resigns from its board
March 20 : Super Micro Computer said on Friday that Yih-Shyan Liaw has resigned from its board, effective immediately.The U.S. Justice Department on Thursday charged Super Micro co-founder Yih-Shyan Liaw, sales manager Ruei-Tsang Chang, and contractor Ting-Wei Sun with running a scheme to route U.S. ...
Iran-linked hackers restore website after US seizes domains
March 20 : The website used by an Iranian government-linked hacking unit that claimed responsibility for a March 11 cyberattack on a U.S. medical device maker is back up and running a day after the FBI and Department of Justice seized its internet domains.Four domains associated with "Handala H ...
Stocks drop, oil jumps as Mideast war persists
NEW YORK: Stocks tumbled while oil prices pushed higher Friday (Mar 20) at the end of a turbulent week in which attacks on Gulf energy infrastructure rattled global markets and
Roblox to overhaul ad policies, introduce revenue sharing in 2027
March 20 : Videogame platform Roblox said on Friday it would take a portion of revenue from in-game brand deals starting next year, as part of a broader advertising-policy overhaul designed to draw in more brand dollars and increase creator earnings.The company has been expanding beyond gaming to tr ...
Cyber actors linked to Russia targeting users of messaging apps, FBI says
WASHINGTON, March 20 : Hackers tied to the Russian intelligence services are targeting users of consumer messaging applications such as Signal, the FBI and U.S. cyber defense agency CISA said on Friday.In a joint advisory, the FBI and CISA said that the hackers had successfully broken into thousands ...
Cyber actors linked to Russia are targeting users of commercial messaging apps, FBI says
WASHINGTON, March 20 : The FBI has identified cyber actors associated with Russian intelligence services targeting users of commercial messaging applications, including Signal, FBI Director Kash Patel said in a post on X on Friday.Signal and the Russian embassy in Washington did not immediately resp ...
AI's demand for data could cause tight storage chip supplies, Solidigm executive says
SAN JOSE, California, March 20 : The same booming AI demand that has caused the chairman of South Korea's SK Group to predict shortages of high-bandwidth memory chips could also cause tight supplies for storage drives, an executive from the South Korean firm's U.S.-based AI subsidiary Soli ...
UBS gets final nod for US bank licence amid growth push
The lender is planning to expand offerings for wealth clients in US
Stocks fall, bonds yields climb as Iran war prompts central bank recalibration
NEW YORK, March 20 : Global shares fell for a third straight session and were poised for a third consecutive weekly decline on Friday while bond yields rose on worries the Iran war would keep upward pressure on oil prices and rekindle inflation.Iran attacked an oil refinery in Kuwait on Friday and I ...
Stocks tumble, bond yields jump as Iran war fuels central bank reassessment
NEW YORK, March 20 : Global shares slumped for a third straight session and were poised for a third consecutive weekly decline on Friday, while bond yields climbed on fears the Iran war would keep upward pressure on oil prices and spark inflation.Iran attacked an oil refinery in Kuwait on Friday and ...
Stocks drop, bond yields jump as Iran war fuels central bank rethink
NEW YORK, March 20 : Global shares slumped for a third straight session and were set for a third consecutive weekly decline on Friday while bond yields climbed on fears the Iran war would keep upward pressure on oil prices and spark inflation.Iran attacked an oil refinery in Kuwait on Friday and Isr ...
CBS News cuts 6% of workers, citing changes in the industry
The cuts could impact roughly 60 employees
Iran war could be first ‘stress test’ for Singapore’s centralised gas buyer
Sharanya Pillai - LNG markets could get more volatile, especially if the conflict extends into the mid-year
Pinterest CEO calls for ban on social media for youth under 16
WASHINGTON, March 20 : Pinterest CEO Bill Ready called on world leaders to ban social media for youth under 16 in a LinkedIn post on Friday."We need a clear standard: no social media for teens under 16, backed by real enforcement, and accountability for mobile phone operating systems and the ap ...
Tesla expects Dutch decision on self-driving technology by April 10
AMSTERDAM, March 20 : Tesla Europe expects a decision by April 10 from the Dutch vehicle authority RDW on whether to approve Full Self-Driving technology in the Netherlands, it said on Friday.A spokesperson for RDW, which handles type approvals for Tesla in Europe, declined to comment. The agency sa ...
Ecolab to acquire AI data center cooling tech firm for $4.75 billion
March 20 : Water solutions company Ecolab said on Friday it has agreed to acquire CoolIT Systems, a liquid cooling technology provider for AI data centers, from KKR for $4.75 billion in cash.The global appetite for data centers has sparked a wave of dealmaking across the industry as companies race t ...
Ecolab to buy CoolIT for $4.75 billion to tap into AI data center boom
March 20 : Ecolab said on Friday it would acquire CoolIT Systems from KKR for about $4.75 billion in cash, as the water solutions firm seeks to capitalize on surging demand for liquid cooling in artificial intelligence-driven data centers.Shares of the water management company were down 1 per cent i ...
ByteDance to sell gaming unit Moonton to Saudi PIF-owned firm
HONG KONG, March 20 : Chinese tech company ByteDance said on Friday it has agreed to sell Shanghai Moonton Technology, the studio behind the popular mobile game Mobile Legends: Bang Bang, to a Riyadh-based gaming firm owned by Saudi Arabia's Public Investment Fund (PIF).It did not disclose any ...
Vietnam pushes EV shift as energy security risks mount
Jamille Tran - Incentives to support electric vehicle production and adoption are required to be introduced by June
‘Marketing expenditure’: Union Gas CEO on how Cnergy is drawing petrol queues even as prices climb
Shikhar Gupta - CEO Teo Hark Piang says the company is intentionally absorbing rising wholesale oil prices to build market share
Super Micro co-founder charged with sending AI tech to China
The indictment marks the biggest chip smuggling case US prosecutors have pursued since 2022
Unitree plans 4.2 billion yuan Shanghai IPO, testing interest in humanoid robots
IPO is one of China’s biggest domestic tech listings in years
DBS named world’s best private bank at global awards
This is the first time an Asia-headquartered bank has received the top accolade at the Euromoney Private Banking Awards' 22-year history, DBS said on Friday (Mar 20).
GLP’s bonds slide by weekly record into distress
The sell-off nonetheless shows jitters among traders at a critical juncture for the company
Singapore stocks slip on Friday as oil volatility weighs; STI down 0.4%
Renald Yeo - The iEdge Singapore Next 50 Index declines 0.9% to 1,464.78
Exclusive-Amazon plans smartphone comeback more than a decade after Fire Phone flop
SAN FRANCISCO, March 20 : In 2014, Amazon introduced its first smartphone, hoping to take on Apple and Samsung. Instead, the Fire Phone - overseen directly by founder Jeff Bezos - was scrapped in barely over a year, one of Amazon’s highest-profile flops. Now, Amazon is dialing up a new phone.The l ...
Singapore prioritising ‘dry powder’ to intervene if Middle East conflict worsens: Tan See Leng
Sharanya Pillai - Singaporeans and businesses will need to brace for a ‘very bumpy ride’, and are urged to conserve energy
SIA extends Dubai halt to end-April, adds capacity to London and Melbourne
Shikhar Gupta - The airline is shifting aircraft capacity to capture rising travel demand for the Northern Summer season
BYD showrooms are bustling across Asia after Iran oil shock
South-east Asian countries have EV adoption rates of around 40%, exceeding levels in the UK and Europe
City Square Mall’s CDL MicroForest shows dense urban greenery can cool temperatures up to 5°C
Jovi Ho - A year after the launch of City Developments’ (CDL) 2,800 sq ft CDL MicroForest, early findings indicate that the “living laboratory” helps cool temperatures by up to 5°C compared to surrounding and roadside areas. Nature-based solutions like the CDL MicroForest at City Square Mall’s City G ...
Taiwan February export orders miss forecasts
ECB would need April hike if price outlook sours, Nagel says
Governing Council member Joachim Nagel says a more restrictive monetary-policy stance would probably be necessary
