Big Tech-backed coalition for carbon removal increases funding by $915 million, adds Anthropic
LONDON, June 17 : A coalition backed by Big Tech companies for carbon removal technology, said on Wednesday it would inject an additional $915 million into the sector, and added Anthropic and Salesforce as new participants.• Frontier, launched in 2022 by companies including Stripe and Google, aims ...
MAS June survey shows expectations of growth moderation and higher inflation
The Edge Singapore - In the Monetary Authority of Singapore’s (MAS) June survey of professional forecasters, economic growth could moderate this year while inflation could rise. Respondents to the MAS survey expect the Singapore economy to grow by 3.0% to 3.4% this year. This is down from the previous survey in March ...
Centurion Corp acquires 25% stake in Perth PBSA for A$250,000
Felicia Tan - Centurion Corporation, through its wholly-owned subsidiary, Centurion Overseas Investments (II) Pte. Ltd., has acquired a 25% equity interest in a purpose-built student accommodation (PBSA) at Fairway, Perth, for A$250,000 ($225,475). This is the group’s second investment in the city following the ...
Centurion acquires 25% stake in second student accommodation in Perth for A$250,000
Chloe Lim - The property is expected to be completed by Q2 2027
Singapore shares close higher; STI up 1.2%
Across the broader market, gainers outnumber losers 349 to 250 after 1.2 billion securities change hands
Blue Origin starts launch pad rebuild, targets New Glenn rocket return in 2026
PARIS, June 17 : Reconstruction has begun at Blue Origin's Florida launch pad after a New Glenn rocket exploded during a ground test in May, CEO Dave Limp said on Wednesday, with launches expected to resume before the end of this year.• Limp was speaking alongside Blue Origin and Amazon found ...
AI use in UK hits 'tipping point' as companies scale up, Google exec says
LONDON, June 17 : Adoption of artificial intelligence has reached a "tipping point" in Britain, as companies move from experimentation to large-scale deployment and start seeing returns, a Google Cloud executive said on Wednesday.Businesses and government bodies that were testing AI tools ...
UBS sees some impact from China’s cross-border regulations on local banks
The Edge Singapore - In a report dated June 10, UBS points out that the concern over China’s new cross-border investment regulation for the local banks is real but limited. UBS looks at the extent where wealth management (wealth) was responsible for the recent re-rating for DBS and OCBC, and the impact of a moderation ...
COE: market ‘exhausted’ as falls for June suggest car, commercial vehicle premiums at resistance level
Derryn Wong - But observers do not expect rates to drop as competition remains intense
COE: Market ‘exhausted’ as car, commercial vehicle premiums hit resistance level for June
Derryn Wong - But market watchers do not expect rates to drop as competition remains intense
First class-action suits filed against Teo Siong Seng, Singamas and other container makers accused of cartel price-fixing
Tay Peck Gek - [SINGAPORE] An importer and a trucking provider have filed the first class action lawsuits against leading container makers and their executives including...
'Unprecedented' AI buildout drove Singapore's sharpest non-oil exports surge in over two decades: Analysts
Electronics exports nearly doubled in May, with analysts pointing to a concentrated surge in hyperscaler capital spending as the primary driver.
IEA expects significant 2027 oil surplus after Hormuz recovery
Its forecasts for next year imply that supply will outweigh demand by 5.05 million barrels a day
AI demand to keep Singapore’s export growth robust despite Middle East uncertainty: economists
Tessa Oh - May’s 38.4% NODX growth, the strongest in over 2 decades, prompts Maybank to lift its 2026 forecast to 15%
US SEC poised to allow stock token trading in potential market shakeup
NEW YORK, June 17 : U.S. equity markets face a potential shakeup as the Securities and Exchange Commission readies a new policy that would allow crypto companies to offer blockchain-based stocks, analysts and lawyers said.The crypto industry says tokenized stocks — blockchain-based instruments tha ...
AI will lead to labour shortages, Bezos says in optimistic talk
PARIS, June 17 : Artificial Intelligence will lead to labour shortages, not the replacement of humans, Amazon founder Jeff Bezos predicted in a highly optimistic appearance at the VivaTech technology conference in Paris on Wednesday.Bezos put forward a rosy vision of how technology will help humanit ...
AI will lead to labour shortages, Jeff Bezos says at VivaTech
AMSTERDAM, June 17 : Artificial Intelligence will lead to labour shortages, not the replacement of humans, Amazon founder Jeff Bezos predicted on Wednesday.Bezos was speaking about his new AI startup Prometheus, which is aimed at speeding up physical manufacturing, at the VivaTech conference in Pari ...
Italy's privacy watchdog fines Emirates over handling of passenger health data
ROME, June 17 : Italy's data protection authority said on Wednesday it had fined the Emirates airline €180,000 ($208,890) for the allegedly unfair handling of health data of passengers with reduced mobility.• The case stemmed from a complaint by a passenger who said Emirates had made her fi ...
Singapore’s Sea tests AI chatbot Migoo in quiet US foray
The project represents one of the company’s most significant steps into AI thus far
Beng Kuang looking ‘attractive’ at current price: UOBKH
Lin Daoyi - In a June 17 report, UOB Kay Hian’s Tang Kai Jie and Heidi Mo believe that the market has “underappreciated” the two recent contract wins worth $28.6 million by Beng Kuang Marine’s subsidiary Asian Sealand Offshore and Marine (ASOM). The contracts — for floating, production, storage and of ...
Japan's May crude import price hits record high in yen terms amid Mideast war
TOKYO, June 17 : Japan's crude oil import price hit a record high in yen terms in May, surpassing April levels, Ministry of Finance data showed on Wednesday, driven by a surge in crude prices resulting from supply disruptions caused by the closure of the Strait of Hormuz.• The customs-cleared ...
Italy's Engineering sells two units to Accenture
June 17 : Italian digital transformation group Engineering said on Wednesday it would sell units Alfahealth and Industries eXcellence to global tech consulting company Accenture.• No value for the transaction was disclosed.• Alfahealth and Industries eXcellence respectively offer digital solutio ...
UK orders Google to improve search transparency to boost competition
LONDON, June 17 : Britain's competition watchdog ordered Google to provide greater transparency on how its search rankings work, part of new rules aimed at securing a "fairer deal" for businesses and addressing concerns over the U.S. tech giant's dominance in the sector.Google mu ...
UK regulator sets out new rules on Google Search to boost competition
LONDON, June 17 : Britain's competition watchdog ordered Google to provide greater transparency on how its search rankings work, part of new requirements aimed at securing "a fairer deal" for businesses and improving the U.S. tech giant's services in the country. The first requir ...
UK regulator sets out conduct requirements for Google's search services
LONDON, June 17 : Britain's competition watchdog set out two conduct requirements for Google's search services under its regulatory regime to secure "a fairer deal" for businesses and improve Google search services in the country. The first requires Google to improve transparency ...
BMW plans to cut more costs after China slump hits outlook
It also cites negative sentiment from the Iran war for the decline
Cat A COE rate exceeds Cat B for third time in 4 months; premiums largely down
The open category is the only one that is higher, with an increase of S$2
Publicis chief urges France, Germany to lead European AI fund
PARIS, June 17 : Publicis chairman Maurice Lévy on Wednesday called on France and Germany to lead a pan-European artificial intelligence fund, saying the bloc's companies were too exposed to U.S. providers that could cut access to advanced AI models without warning.Speaking at VivaTech in Pari ...
Analysis:BOJ deputy's brief moment at the helm reveals deeper inflation anxiety
TOKYO, June 17 : When the Bank of Japan's second-in-charge stepped in for his sick boss at this week's historic policy meeting, he delivered a surprisingly blunt message: The bank was in danger of falling behind the curve on inflation.Deputy Governor Shinichi Uchida, a career central banke ...
SpaceX draws US$800 million from South Korean investors on trading debut
Global investor demand for its shares has pushed the stock 49% higher since its listing
Japan moves toward first-ever consumption tax cut, adds to fiscal strain
TOKYO, June 17 : Japan is moving toward temporarily cutting its consumption tax on food to 1 per cent in what would be the first effective reduction of its kind, further straining its already worsening finances. The proposal, presented by a senior executive of the ruling Liberal Democratic Party (LD ...
Japan's Nikkei closes at record high near 70,000 on AI boost
[TOKYO] Japan’s Nikkei share average closed at a record high for a third straight session on Wednesday (Jun 17), ending just shy...
Keppel bags fourth fibre pair deal on Bifrost Cable System with ‘global technology leader’
Deon Loke - The asset manager says it expects an internal rate of return of ‘about 30%’ for the overall project
UK inflation unexpectedly holds steady at 2.8% in May
Inflation was held down by food and non-alcoholic drinks
