First Windows PC powered by Nvidia chips to debut next week, Axios reports
May 30 : Nvidia and Microsoft are expected next week to debut the first Windows OS computers that use Nvidia's chips as the main processor, Axios reported on Saturday, citing sources.Nvidia-powered computers are expected both from Microsoft's Surface brand as well as other computer makers ...
East Coast Seafood Centre to be redeveloped; tenants told to vacate in 2026: NParks
The National Parks Board told CNA that the planned redevelopment is part of efforts to "enhance the experience" of East Coast Park visitors.
Blue Origin faces months of delays after rocket explosion damages launch pad
NEW YORK, May 30 : Blue Origin faces a months-long setback after the explosion of a rocket damaged its launch pad, company and industry sources said, scrambling schedules for Amazon satellite launches and bolstering SpaceX's dominance in the commercial launch market.The mishap, which occurred d ...
China’s private fund assets hit record as quant managers surge
2,348 private funds, with 928.7 billion yuan in combined registered assets, were registered in April
MiniMax plans China IPO as it eyes local rivals like DeepSeek
It is part of a group of Chinese AI firms racing to build and commercialise large language models
China’s rise in drug development looms over US
China’s ascendence as a drug development powerhouse could threaten US biotechnology
Old Chang Kee reports FY2026 earnings of $9.6 mil; declares cumulative final and special dividend of 2 cents
Teo Zheng Long - Old Chang Kee (SGX: 5ML ) has reported earnings of $9.6 million for FY2026 ended March 31, 15.8% lower y-o-y. Revenue for the year came in at $103.5 million, which is 1.5% higher y-o-y. The higher revenue was mainly due to higher sales from its retail and non-retail sales. Revenue from retail outlet ...
Meta plans AI pendant, 'wearables for work' in hardware boost, The Information reports
The Instagram owner aims to sell 10 million wearable devices in the second half of 2026
Azeus Systems’ earnings down 19% y-o-y in FY2026 to HK$134.7 mil; declares final dividend of HK$2.80
Teo Zheng Long - Azeus Systems Holdings (SGX: BBW ) has reported earnings of HK$134.7 million, down 19% y-o-y for FY2026 ended March 31. Total revenue was down marginally by 2% y-o-y to HK$466.8 million. The lower revenue was due to lower revenue contribution from its IT Services segment, while partially mitigated b ...
Shangri-La Dialogue 2026: US’ Hegseth hails Asian partners for boosting security spending; omits Taiwan in roll call
He was addressing the security and defence forum on May 30
Shangri-La Dialogue 2026: US’ Hegseth hails Asian partners for boosting security spending
He was addressing the security and defence forum on May 30
From oil to coffee beans: Traders in Singapore find ways to deal with Middle East disruptions
Annabelle Liang - [SINGAPORE] Vitol, the world’s largest independent energy trader, found itself on shaky footing when the Middle East conflict broke out on Feb...
Yum is in exclusive talks to sell Pizza Hut to LongRange
[NEW YORK] Yum! Brands is in exclusive talks to sell its Pizza Hut chain to LongRange Capital, according to people familiar with...
Oil falls on hopes for US-Iran ceasefire agreement
[HOUSTON] Oil futures fell more than 2 per cent on Friday (May 29), closing out their steepest weekly decline since early April...
European shares secure monthly gains on Middle East peace hopes
[BENGALURU] European shares edged higher on Friday (May 29), wrapping up the month with gains as investors clung to hopes that a...
US stocks extend win streak on peace deal hopes, AI excitement
[TORONTO] Stocks climbed on Friday (May 29) to close at a fresh record, boosted by hopes of a peace deal with Iran...
China’s titans are victims of China’s own success
Tong Kooi Ong + Asia Analytica - The US equity market has significantly outperformed Chinese stocks in recent years, led by tech and related energy and industrial sectors, driven by the artificial intelligence (AI) infrastructure boom. This is underscored by the huge market gains of the US’ “Magnificent Seven” stocks compared ...
China’s next-generation industrial policy
Tong Kooi Ong + Asia Analytica - By Rhodium Group for the US Chamber of Commerce (May 2026)A concise summary: Core thesis
Two reports, two interpretations of China
Tong Kooi Ong + Asia Analytica - The contrast between our article, “The political economy of modern capitalism” and the Rhodium Group/US Chamber of Commerce report, “China’s Next-Generation Industrial Policy” is not really about facts. It is about interpretation. The Rhodium report is fundamentally a warning document. It ...
The political economy of modern capitalism
Tong Kooi Ong + Asia Analytica - America monetises innovation. China industrialises competition.The defining economic competition of the 21st century is no longer capitalism versus socialism. It is increasingly a competition between two different forms of capitalism — one where capital ultimately disciplines the state, and anothe ...
Social media companies to pay $27 million to settle Kentucky school district's lawsuit, records show
May 29 : A Kentucky school district secured roughly $27 million in settlements from Meta Platforms and other social media companies over claims they fueled a student mental‑health crisis, according to records seen by Reuters on Friday.Meta agreed to pay the most at $9 million in the bellwether cas ...
Social media companies pay $27 million to settle Kentucky school district’s lawsuit over social media harms, records show
May 29 : A Kentucky school district secured approximately $27 million in settlements from social media companies over claims they fueled a student mental‑health crisis, with Meta Platforms paying the largest amount at $9 million, according to records seen by Reuters on Friday that reveal the settl ...
SpaceX wins $4.16 billion US Space Force contract for threat-detection satellites
May 29 : The U.S. Space Force said on Friday it has awarded Elon Musk's IPO-bound SpaceX a $4.16 billion deal for a satellite program designed to track and target airborne threats.The Space-Based Advanced Moving Target Indicator (SB-AMTI) is designed as an interconnected system-of-systems, comb ...
US Space Force awards SpaceX $4.16 billion deal
May 29 : The U.S. Space Force said on Friday it has awarded Elon Musk's IPO-bound SpaceX a $4.16 billion deal for a program designed to sense and track airborne targets from space.The Space-Based Advanced Moving Target Indicator (SB-AMTI) is designed as an interconnected system-of-systems, comb ...
UK banks still lack access to Mythos AI model, BoE's Bailey says
LONDON, May 29 : British banks still have not been able to gain access to Anthropic's Mythos artificial intelligence model to check their systems against cyber threats, six weeks after it first drew concern, Bank of England Governor Andrew Bailey said on Friday.Bailey, speaking to Bloomberg TV, ...
Nomura-backed Laser Digital secures conditional approval for US banking license
May 29 : Nomura's digital asset subsidiary Laser Digital has secured conditional approval for a national trust bank charter, becoming the latest firm to benefit from the Trump administration's crypto-friendly stance.The move would allow it to hold and administer tokenized, digital and conv ...
Exclusive-Meta tool to track employee mouse clicks on collision course with EU privacy rules
NEW YORK/AMSTERDAM, May 29 : Meta Platforms' plan to collect detailed records of U.S. employees’ computer usage for training its AI models is more extensive than initially described and set to capture non-U.S. data in the process, according to internal documentation seen by Reuters.The docume ...
Coinbase, Kalshi bring regulated perpetual crypto futures to US investors
May 29 : Cryptocurrency exchange Coinbase and prediction markets platform Kalshi said on Friday they are introducing perpetual crypto futures, marking the first time such instruments will be available to U.S. investors through domestic, regulated exchanges. Perpetual futures, or "perps", a ...
Wall Street ends higher, crude prices ease on potential US-Iran truce extension
NEW YORK, May 29 : U.S. stocks followed world shares higher and crude prices retreated on Friday as investors neared the end of a holiday-shortened week with renewed hopes of progress toward a peaceful resolution to the Iran war.A narrow, tech-led rally lifted all three major U.S. stock indexes to m ...
Wall Street follows world stocks higher, crude prices ease on potential US-Iran truce extension
NEW YORK, May 29 : U.S. stocks followed world shares higher and crude prices retreated on Friday as investors neared the end of a holiday-shortened week with renewed hopes of progress toward a peaceful resolution to the Iran war.A narrow, tech-led rally lifted all three major U.S. stock indexes to m ...
Wall Street follows global stocks higher, crude prices ease on potential US-Iran truce extension
NEW YORK, May 29 : The S&P 500 followed world shares higher and crude prices retreated on Friday as investors neared the end of a holiday-shortened week with renewed hopes of progress toward a peaceful resolution to the Iran war.The Dow joined the S&P 500 in positive territory while the tech ...
Kalshi taps former FBI analyst Neff for surveillance unit
NEW YORK, May 29 : Kalshi has hired former FBI official Tyler Neff on its surveillance team, as part of a broader effort to ramp up safeguards on its exchange at a time when prediction markets are facing increased pressure from lawmakers to crack down on insider trading on their exchanges.• Neff j ...
mm2 Asia H2 net loss widens to S$166.6 million amid fair-value losses
Therese Soh - FY2026 revenue plunges 95.9% on the year, amid a 99% decline in sales by its content business
A quarter of large oil tankers trapped by Iran war have escaped
Most vessels made the transit by “going dark” - switching off the Automatic Identification System used to communicate their positions
