Thomson Reuters to cut 'small number' of engineering jobs
July 13 : Thomson Reuters on Monday said it is cutting "a small number of roles" in engineering, as the Canadian content and technology company aggressively deploys artificial intelligence across its businesses.The layoffs affect the global staff and were announced during a technology staf ...
Canada regulator cited Anthropic's Claude Mythos in warning to banks on cyber risks, email shows
TORONTO, July 13 : Canada's federal banking regulator warned the country's largest financial institutions about the risks of Anthropic's Claude Mythos and other advanced AI models, saying the new technology could increase cyber threats and reduce the time institutions have to identify ...
California-led states sue to block Paramount’s $110 billion Warner Bros Discovery deal
NEW YORK/LOS ANGELES, July 13 : California and 11 states sued to block Paramount's $110 billion acquisition of Warner Bros. Discovery, alleging the deal would create a media behemoth with the power to raise prices in film and television.The lawsuit threatens to derail Paramount CEO David Elliso ...
California, 11 states suing to block Paramount's $110 billion Warner Bros deal
NEW YORK/LOS ANGELES, July 13 : California and 11 states are suing to block Paramount's $110 billion acquisition of Warner Bros. Discovery, alleging the deal would lessen competition in film distribution and cable television, harming theaters and TV distributors.The lawsuit is a serious threat ...
Bosch begins sample production at its first US semiconductor plant
DETROIT, July 13 : German auto component and chip maker Bosch is beginning sample production at its first U.S. semiconductor factory, the company said Monday, finalizing a $225 million agreement with the U.S. Commerce Department to strengthen domestic manufacturing of silicon carbide chips.Some auto ...
Dollar mostly flat amid escalating US-Iran tension, yen slides on pension doubts
NEW YORK/LONDON, July 13 : The dollar was barely higher on Monday as hostilities in the Gulf escalated ahead of the monthly U.S. inflation report, while the yen slid following a Reuters report that Japan had no immediate plan to change state pension funds' asset allocations.President Donald Tru ...
Trump says US demands 20% reimbursement on all cargo shipped through Strait of Hormuz
[WASHINGTON] US President Donald Trump said the US would reinstate its blockade of Iranian ships transiting the Strait of Hormuz and demanded...
US and Iran trade attacks as Strait of Hormuz dispute deepens
The latest exchanges mark an escalation in both the pace and geographic reach of attacks over the past week
Explainer-Europe's digital euro: What it is and how it would work
MILAN, July 13 : Talks between the European Parliament, European governments and the European Commission on rules for a digital euro begin on Monday, three years after the legislation was first proposed. The negotiations aim to produce a final law by the end of the year, paving the way for the Europ ...
Mapletree breaks ground for Chicago logistics facility
The Edge Singapore - Mapletree Investments has broken ground on a 419,520-sq ft industrial facility in Chicago’s Joliet submarket. The property sits on a 29.36-acre site at 1851 Brandon Road (formerly 1035 W. Laraway Road) with delivery scheduled for 1Q 2027. “This groundbreaking brings another high-quality logistic ...
S&P 500, Nasdaq open lower as Iran tensions jolt sentiment, chip stocks slide
[NEW YORK] The S&P 500 and the Nasdaq opened lower on Monday (Jul 13), as a fresh escalation between the US and...
FAA closes Starship review ahead of SpaceX's next test flight this week
WASHINGTON, July 13 : The U.S. Federal Aviation Administration on Monday closed its review into a SpaceX Starship booster's return failure that occurred during a flight test in May, clearing the way for Elon Musk's space company to launch the rocket's next test flight from Texas as so ...
Opec further lowers 2026 global oil demand growth forecast
It lowered demand growth in 2026 to 780,000 barrels per day
US agency closes Starship review ahead of SpaceX's next test flight
The next test flight for Elon Musk's SpaceX Starship rocket could take place as early as this week.
EU imposes sanctions on Russians over human rights and cybercrime
July 13 : The European Union on Monday broadened sanctions against Russia to include individuals and entities responsible for cybercrime and human rights violations, naming popular social media app VKontakte among them.• VKontakte and its daughter company Communication Platform LLC were added to t ...
EuroSports Global unit Scorpio Electric’s motorcycle now road-legal
Goh Ruoxue - Its flagship Lambda Scorpii model is now registered for use on Singapore roads
Singapore’s first electric motorcycle maker’s flagship model now road-legal
Goh Ruoxue - Scorpio Electric is a subsidiary of Catalist-listed EuroSports Global
Global smartphone shipments in second quarter hit lowest in 13 years on memory chip crunch
July 13 : Global smartphone shipments fell 11 per cent in the second quarter to their lowest level for the period since 2013, as a prolonged memory chip shortage drove up handset prices and dampened demand, according to early estimates from Counterpoint Research. Apple bucked the trend with a 3 per ...
US dollar wavers amid renewed Iran attacks, yen slides on pensions doubts
[SINGAPORE/LONDON] The US dollar slipped on Monday (Jul 13) after giving up earlier gains as investors focused on renewed hostilities in the...
India's HCLTech results beat on financial services boost; enters data center business
BENGALURU, July 13 : HCLTech, India's third-largest software services exporter, beat profit and revenue expectations for the first quarter on Monday, buoyed by strength in its financial services and a weak rupee.The company also retained its annual revenue forecast while announcing a foray into ...
India's HCLTech beats first-quarter revenue estimates on financial services strength
BENGALURU, July 13 : Indian software services exporter HCLTech beat analysts' expectations for first-quarter revenue on Monday, buoyed by strength in its financial services, technology and retail segments.The country's third-largest IT services firm posted a 13.94 per cent year-on-year ris ...
India's HCLTech beats first-quarter revenue estimates
BENGALURU, July 13 : Indian software services exporter HCLTech's first-quarter revenue beat expectations on Monday, as financial services clients spent more on technology.The country's third-largest IT services firm posted a 13.94 per cent year-on-year rise in consolidated revenue to 345.7 ...
Intel announces $5.7 billion AI-driven capital investment in Ireland
LEIXLIP, Ireland, July 13 : Intel has begun a €5 billion ($5.7 billion) capital investment to upgrade its Irish campus and expand its European output to meet growing global demand for AI and high-performance computing, the U.S. chipmaker said on Monday.Intel said the move would upgrade and maximiz ...
Intel announces $5.7 billion capital investment at Irish manufacturing hub
LEIXLIP, Ireland, July 13 : Intel has begun a €5 billion ($5.7 billion) capital investment at its Irish campus to expand its manufacturing output in Europe and meet growing global demand for AI and high-performance computing, the U.S. chipmaker said on Monday.Intel said the move would maximize cap ...
US-based fintech firm Payoneer opens tech hub in India, boosts hiring
July 13 : Nasdaq-listed fintech firm Payoneer Global plans to hire around 300 engineers by end of 2026 for its new global capability centre in India, joining a growing list of companies tapping into the world's most populous country to fulfill their talent needs.Global firms including Mastercar ...
Volkswagen CEO threatens 50,000 more job cuts in memo to staff
[BERLIN] Volkswagen could cut around 50,000 additional jobs based on calculations aimed at bringing the carmaker into line with the cost competitiveness...
Trump invested crypto gains in stocks and bonds, filings show
July 13 : President Donald Trump’s financial disclosures show that even as he and his two eldest sons were encouraging investors to plow their money into crypto projects — which resulted in steep losses for retail buyers — his money managers were investing a significant portion of the proceeds ...
Over 200 experts call for urgent action to tackle AI's economic impact
July 13 : More than 200 researchers and economists, including 15 Nobel laureates and researchers at OpenAI, Anthropic and Google, have called for governments and technology leaders to urgently create policies and institutions to address the economic impact of AI.They issued the jointly signed statem ...
Nobel laureates among more than 200 experts urging action on AI's economic impact
July 13 : More than 200 researchers and economists, including 15 Nobel laureates and researchers at OpenAI, Anthropic and Google, have called for governments and technology leaders to urgently create policies and institutions to address the economic impact of AI.They issued the jointly signed statem ...
DBS crosses S$200 billion in market capitalisation as earnings optimism drives Singapore bank rally
Tan Nai Lun - There could be more room to run ahead of the lenders’ Q2 results release in August, say analysts
Lum Chang Creations to move to SGX mainboard on Jul 16
Goh Ruoxue - It raises S$10.8 million in share placement net proceeds
Singapore’s CapitaLand disbands special opportunities team
The group will still look at special situations deals if opportunities emerge, said a person familiar with the matter
CapitaLand disbands special opportunities team
The group will still look at special situations deals if opportunities emerge, said a person familiar with the matter
Johor landslide win fuels early Malaysia general election talk
Tan Ai Leng - Negeri Sembilan polls is another critical litmus test for Malaysia’s national election timeline
