Morgan Stanley expects SpaceX revenue to hit $3.4 trillion in 2040, WSJ reports
June 5 : Morgan Stanley is projecting that SpaceX's revenue could reach $3.4 trillion in 2040, the Wall Street Journal reported on Friday, citing people familiar with the matter.The Wall Street giant is anticipating that revenue from SpaceX's AI business will dramatically grow in the comin ...
JPMorgan upgrades Tesla to ‘neutral’, expects robotics to drive long-term growth
The bank hikes its price target on the electric-vehicle maker’s shares to US$475 from US$145
URA lifts ban on new hotels, hostels and serviced apartments in Boat Quay, Beach Road areas
Ry-Anne Lim - The government will also pilot schemes in some precincts to test how space can be used to make the city centre more...
UMS signs pact for joint venture with three Vietnamese precision engineering firms
Shikhar Gupta - UMS intends to invest about US$3.6 million for a 51.6% stake in the new company
Chinese, HK investors banned from SpaceX IPO on security grounds: sources
The decision is driven by internal guidance related to US International Traffic in Arms Regulations
California to decide soon whether it will seek to block Paramount deal
June 5 : California Attorney General Rob Bonta will soon decide whether to sue to block Paramount's $110 billion acquisition of Warner Bros, he told Reuters in an interview, adding that in general he views any corporate promises to address antitrust concerns as better when backed up by potentia ...
India's GDP stays robust in January-March as domestic demand offsets external weakness
NEW DELHI, June 5 : India's economy grew an unexpectedly strong 7.8 per cent year-on-year in the January-March quarter, the government said on Friday, as robust private investment, farm output and construction activity offset the early impact of the Middle East conflict.The print, the second in ...
India's GDP grows 7.8% in January-March on resilient farm, construction output
NEW DELHI, June 5 : India's economy grew at an unexpectedly strong 7.8 per cent on-year in the January-March quarter, the government said on Friday, as better farm output and brisker construction activity helped offset weakening external demand emanating from the Middle East conflict.The print, ...
India's GDP growth estimated at 7.8% in January-March
NEW DELHI, June 5 : India's economy grew at an unexpectedly strong 7.8 per cent on-year in the January-March quarter, the government said on Friday, as better farm output and brisker construction activity helped offset weakening external demand emanating from the Middle East conflict.The print, ...
Global equity fund inflows at 3-week high as AI optimism boosts sentiment
June 5 : Global equity fund inflows surged to a three-week high in the week to June 3 as a set of robust earnings in the technology sector and investor enthusiasm over the AI boom bolstered demand.According to LSEG Lipper data, global equity funds attracted a net $21.44 billion during the week, the ...
Singtel gets funding boost from government to strengthen AI push, create high-value roles
Young Zhan Heng - Telco will partner Digital Industry Singapore in a move that can help the Republic strengthen its artificial-intelligence sovereign capabilities
Singtel gets funding boost from government to strengthen AI push, create ‘high-value AI-related roles’
Young Zhan Heng - Telco will partner Digital Industry Singapore in a move that can help the Republic strengthen its artificial-intelligence sovereign capabilities
Singtel lands S$28 million funding from government for AI push
Young Zhan Heng - The telco will partner DISG in a move that can help Singapore strengthen its AI sovereign capabilities
Singapore stocks close lower, tracking Asia sell-off; STI still ends week higher
The benchmark index falls 0.4% to close at 5,049.96
Malaysia banks signal caution despite resilient Q1 results
Tan Ai Leng - Their asset quality remains healthy, though they are watching for signs of slower credit demand ahead
Blacklisted AI company Anthropic, White House ease tensions ahead of IPO, sources say
June 5 : A months-long dispute between Trump administration officials and AI firm Anthropic is showing signs of easing across parts of the U.S. government as the company prepares to go public, according to sources familiar with the relationship. The relationship ruptured earlier this year after Anth ...
ASML CEO says EU Commission should not try to direct 'strategic projects'
AMSTERDAM, June 5 : The CEO of top European tech firm ASML on Friday welcomed most proposals made by the EU Commission this week to improve Europe's tech sovereignty but cautioned against plans for Commission involvement in steering or monitoring "strategic projects" eligible for stat ...
Data centre operator DayOne raises US$4.5 billion in Series C funding
Benjamin Cher - New investors include sovereign wealth fund Indonesia Investment Authority and Achi Capital Partners
Anthropic calls for AI pause button to let humans take stock
Artificial intelligence could begin to improve itself and build its own successors, diminishing the role of humans
Anthropic calls for global AI pause to face immense human labour risks
AI could begin to improve itself and build its own successors, diminishing the role of humans
China allows some banks to offer higher rates on US dollar deposits
The move signals a relaxation of a ceiling imposed in 2023, when the renminbi was under pressure
Wind from Milky Way's supermassive black hole is finally discovered
WASHINGTON, June 5 : After five decades of trying, astronomers have finally discovered the wind emanating from the supermassive black hole at the center of our Milky Way galaxy, though it turns out it is more of a gentle breeze than a hurricane.Using data from the Chile-based ALMA telescope and NASA ...
DISG backs Singtel Singapore's multi-year AI transformation programme
Nurdianah Md Nur - Singtel Singapore will receive funding from Digital Industry Singapore (DISG) to support its multi-year artificial intelligence (AI) transformation programme. The support is for the first phase of the programme, which Singtel expects to run for about three years. It will cover AI talent, governance, ...
DISG backs Singtel Singapore's AI overhaul with up to $28 mil in funding
Nurdianah Md Nur - Singtel Singapore will receive up to $28 million from Digital Industry Singapore (DISG) for a multi-year artificial intelligence (AI) transformation programme. The funding is for the first phase of the programme, which Singtel expects to run for about three years. It will cover AI talent, governance ...
Chinese brokers pump US$5.6 billion offshore to fight Wall Street
Brokers are prioritising overseas growth to escape intensifying competition in the domestic market
Jollibee mulls moving US listing to booming Hong Kong: sources
The Philippines-based fast-food group aims to do the listing by the end of next year
Stocks fall as strong jobs data fuels rate hike bets; oil set for weekly gain
NEW YORK, June 5 : Shares dipped on Friday after a blowout jobs report fueled bets of a rate hike by the U.S. Federal Reserve and as investors turned defensive ahead of the weekend, wary of the flare-up in Middle East hostilities.Iran reaffirmed support for the Hezbollah militia and demanded Israel ...
Stocks steady as US-Iran peace talks stall, AI rally cools
LONDON, June 5 : Shares wobbled on Friday as investors turned defensive ahead of the weekend, wary of the flare-up in Middle East hostilities with U.S.-Iran peace talks in limbo.The Iran-backed Hezbollah militia rejected a new ceasefire in Lebanon on Thursday and Israel said it would not withdraw tr ...
Stocks drop as US-Iran peace talks stall, AI rally cools
LONDON, June 5 : Shares slid on Friday as investors turned defensive ahead of the weekend, wary of the flare-up in Middle East hostilities with U.S.-Iran peace talks in limbo.The Iran-backed Hezbollah militia rejected a new ceasefire in Lebanon on Thursday and Israel said it would not withdraw troop ...
Lenovo’s 3D scans were made for the Fifa World Cup, but true value may lie in video games
Shikhar Gupta - Its AI chatbot will launch with an empty playbook, but its scans could yield a multibillion-dollar IP pipeline
Lenovo’s 3D scans were made for the Fifa World Cup, but value may lie in video games
Shikhar Gupta - Its AI chatbot will launch with an empty playbook, but 3D scans could yield a multibillion-dollar IP pipeline
AllianzGI in exclusive talks to buy UOB Asset Management: sources
The details are being finalised on a transaction that could be valued at up to S$600 million
Thai consumer watchdog to file civil suit against Volvo Cars' Thai unit, official says
BANGKOK, June 5 : Thailand's consumer watchdog has approved the filing of a civil lawsuit against the local unit of Volvo Cars and its repair and maintenance unit, Scandinavian Auto Co. Ltd, over battery-related fires in its EX30 model, Pradoemchai Bunchualuai, an adviser to the minister who ch ...
UK’s biggest retailers cut 18,000 jobs amid rising taxes and wages
Massive layoffs show how the Labour government’s tax hikes are hitting the British’s top employers
