TikTok charged for breaching EU rules with app's addictive features
BRUSSELS, Feb 6 : TikTok was charged on Friday with breaching EU online content rules over what the bloc's regulator said were its addictive features and was told to change the design of its app or risk a fine of as much as 6 per cent of owner ByteDance's global turnover.The EU watchdog� ...
TikTok charged with breaching EU rules over app's addictive features
BRUSSELS, Feb 6 : TikTok was charged on Friday with breaching EU online content rules over what the bloc's regulator said were its addictive features and was told to change the design of its app or risk a fine of as much as 6 per cent of owner ByteDance's global turnover.The EU watchdog� ...
TikTok hit with charges of breaching EU online content rules, app may have to change
BRUSSELS, Feb 6 : Social media app TikTok was charged by EU tech regulators on Friday with breaching EU online content rules through its addictive features and was told that it may have to change the design of its app or risk a fine of as much as 6 per cent of owner ByteDance's global turnover. ...
Ever Glory wins new contracts worth $508 million in 2025
The Edge Singapore - Ever Glory United Holdings has won contracts totalling $508.0 million last year, lifting its total order book to $732.8 million as of December 2025. The contracts are for works to be done for projects across different sectors, including public utility work, such as the maintenance of street lighting ...
Amazon shares sink as Big Tech's AI spending plans worry investors
Feb 6 : Amazon shares dropped 8 per cent in premarket trading on Friday after the company's hefty capital expenditure plans deepened investor worries over Big Tech's spending spree on artificial intelligence.Massive AI spending by companies - estimated to be more than $600 billion this yea ...
Amazon shares slide as $200 billion outlay fans fears over AI returns
Feb 6 : Amazon.com shares slid 9 per cent on Friday after the company outlined a planned $200 billion capital outlay for the year, stoking investor concerns about the scale of Big Tech's spending on artificial intelligence.Amazon on Thursday joined rivals in forecasting sharply higher expenditu ...
Big Tech's $600 billion spending plans exacerbate investors' AI headache
LONDON, Feb 6 : A planned $600 billion artificial intelligence spending splurge by big tech firms in 2026 is adding to investor unease as they assess the implications for profitability as well as a potential existential threat to software firms.Amazon, which said its capital expenditure could double ...
Global software, data firms slide as AI disruption fears compound jitters over $600 billion capex plans
LONDON, Feb 6 : Global technology and data stocks slid again on Friday, as a rout showed no signs of abating on worries over the impact of powerful new AI models on their business and the billions hyperscalers plan to spend on their tech roll out this year.The risks to software and data and analytic ...
Stellantis plunges after taking 22 billion euros hit on EVs
The writedowns, which include some 6.5 billion euros in cash payments mainly to compensate suppliers
Frasers Property generated $1.4 bil in pre-sold residential revenue
The Edge Singapore - Frasers Property has generated $1.4 billion in pre-sold residential revenues across its various markets, including $0.5 billion in unrecognised revenue in Singapore - specifically, The Robertson Opus, in which the company has an effective interest of 51%, is 56% sold. China and Australia have genera ...
US equity fund inflows ease as tech selloff weighs
Feb 6 : U.S. equity funds witnessed an easing of demand in the week through February 4 on caution over a selloff in software stocks, although strong earnings from Eli Lilly and Super Micro Computer offered some support.Investors bought U.S. equity funds of $5.58 billion during the week, approximatel ...
Oil pauses as investors eye US-Iran talks
LONDON, Feb 6 : Oil prices held steady on Friday as investors awaited news from high-stakes talks between the United States and Iran that are taking place in Oman amid fears of another supply-disrupting Middle East conflict. Brent crude futures rose 7 cents, or 0.1 per cent, to $67.62 a barrel by 10 ...
Oil falls as investors assess US-Iran talks
LONDON, Feb 6 : Oil prices fell on Friday as investors assessed talks between the United States and Iran that took place in Oman amid fears of another supply-disrupting Middle East conflict.Brent crude futures fell 55 cents, or 0.8 per cent, to $67.00 a barrel by 1410 GMT, while U.S. West Texas Inte ...
Oil prices climb over $1 on worries over Iran-US talks
HOUSTON, Feb 6 : Prices climbed over $1 a barrel for Brent and West Texas Intermediate crude on Friday as investors grew worried talks between Iran and U.S. representatives were not making enough progress to prevent military action.Brent crude futures climbed $1.21 a barrel, or 1.79 per cent, to $68 ...
Oil prices climb on worries of possible Iran-US conflict
HOUSTON, Feb 6 : Oil prices settled higher on Friday, reversing earlier losses as traders worried that this week's talks between the U.S. and Iran had failed to reduce the risk of a military conflict between the two countries. Brent crude futures settled at $68.05 a barrel, up 50 cents, or 0.74 ...
Oil edges up as US, Iran start talks but remains set for weekly decline
LONDON, Feb 6 : Oil prices rose more than 1 per cent on Friday as investors focused on talks between the United States and Iran, but they remained on track for a weekly decline. Brent crude futures rose 83 cents, or 1.2 per cent, to $68.38 a barrel by 1000 GMT, while U.S. West Texas Intermediate cru ...
Danantara Indonesia launches natural resources processing projects worth $7 billion
JAKARTA, Feb 6 : Indonesia's sovereign wealth fund Danantara Indonesia on Friday launched six projects in the natural resources processing sector valued at $7 billion, including a green refinery project by state run Pertamina, the fund's CEO said.The other projects included construction of ...
Singapore stocks end lower on Friday, snapping three-day record streak; STI down 0.8%
Renald Yeo - The iEdge Singapore Next 50 Index dips 0.1% to 1,501.60
Bitcoin plunge: What Michael Saylor’s US$12 billion Strategy loss says about the cryptocurrency
Shikhar Gupta - BT unpacks the drivers behind the asset’s downturn and what it means for investors
Cosco Shipping International (Singapore) expects to report FY2025 earnings of $7.4 million
The Edge Singapore - Cosco Shipping International (Singapore) expects to report earnings of some $7.4 million for its FY2025, which is 35% higher than the preceding $5.5 million. The company attributes the increases to higher revenue from logistics, ship repair and marine engineering sectors, as well as lower distributi ...
Gold’s plunge, a new Fed chair and Asia in flux
Claressa Monteiro - Gold’s crash, AI threats, Asia’s pivotal week, and Fed intrigue—Howie Lim and Raisah Rasid unpack volatility, geopolitics, and smart-money moves.
Why is silver whipsawing while gold steadies? Here’s what investors should know
Benicia Tan - Industry observers say thin liquidity and speculative unwinding are behind silver’s wild swings
Analysts mostly bullish on EQDP's impact on SGX; Morningstar views tailwind as ‘temporary’
Douglas Toh - Singapore Exchange (SGX) Group’s earnings of $342.7 million for the 1HFY2026 ended December 2025 have inspired mostly positive reactions from analysts. While the figure was comparable to the same period a year before, the group’s adjusted net profit after tax was an 11.6% y-o-y improvement to $3 ...
Chinese battery maker Sunwoda settles lawsuit with Geely unit
BEIJING, Feb 6 : A subsidiary of Chinese lithium-ion battery maker Sunwoda Electronic has reached an agreement to settle a lawsuit brought against it by Vremt, automaker Geely's battery unit, a stock exchange filing showed on Friday. The settlement is expected to hit Sunwoda's 2025 net pr ...
Chinese battery maker Sunwoda settles lawsuit with Geely's battery unit
BEIJING, Feb 6 : A subsidiary of Chinese lithium-ion battery maker Sunwoda Electronic has reached an agreement to settle a lawsuit brought against it by Viridi E-Mobility Technology, automaker Geely's battery unit, a stock exchange filing showed on Friday. The settlement is expected to hit Sun ...
AI is not a bubble, senior executive at Nvidia supplier Wistron says
TAIPEI, Feb 6 : Artificial intelligence is not a bubble, and 2026 AI-related order growth will be more than last year, Simon Lin, the chairman of Taiwanese electronics manufacturer Wistron, said on Friday."We believe AI really does help all industries, so I don't think it's a bubble; ...
Huawei-backed Aito teams up with UAE dealer to expand into Middle East
SHANGHAI/BEIJING, Feb 6 : Chinese automaker Seres said on Friday that its electric vehicle brand Aito has struck a strategic deal with Abu Dhabi-based dealer group Performance Plus Motors to expand into the Middle East market.Performance Plus Motors, a unit of Abu Dhabi Motors "will be responsi ...
Japan's Itochu posts record 9-month profit on consumer business strength
TOKYO, Feb 6 : Japan's Itochu on Friday posted a 4 per cent rise in nine-month net profit through December 31 to 705.3 billion yen ($4.5 billion), a record for the period, boosted by strong consumer businesses, including food, textile and its convenience-store chain. Profit at the trading house ...
Exclusive-Leading South Korean insurers explore India entry, sources say
MUMBAI, Feb 6 : South Korean firms Samsung Fire & Marine Insurance, Mirae Asset Financial Group and Hyundai Marine & Fire Insurance Co are in exploratory talks about entering India’s $130 billion insurance market, three Indian sources said.The interest comes as India has opened up its insu ...
Intel, AMD notify customers in China of lengthy waits for CPUs
The supply constraints have driven up prices for Intel’s server products in China by more than 10%
Europe, Asia lead global equity fund inflows as investors cut US tech exposure
Feb 6 : Global equity funds saw strong inflows led by Europe and Asia, underscoring a diversification push as investors sought to reduce exposure to volatile U.S. technology shares and spread risk across other markets.Global equity funds saw net investments of $31.46 billion during the week, margina ...
Germany's CDU weighs social media age curbs for under-16s
BERLIN, Feb 6 : German Chancellor Friedrich Merz's Christian Democrat Union is considering limiting access to social media platforms for children under the age of 16, senior party members said, as a global movement towards tighter restrictions gathers pace.Since Australia became the first count ...
Germany's CDU weighs social media ban for under-16s
BERLIN, Feb 6 : German Chancellor Friedrich Merz's conservatives are considering barring children under the age of 16 from social media, although there were signs of reluctance from his centre-left coalition partners to an outright ban.Since Australia became the first country to ban the use of ...
Tokyo Electron hikes net profit forecast by 12.7%
TOKYO, Feb 6 : Tokyo Electron on Friday hiked its annual net profit forecast by 12.7 per cent to 550 billion yen ($3.51 billion) for the year ending March 2026.The manufacturer of chipmaking equipment also said it would spend up to 150 billion yen buying back up to 7.5 million shares. ($1 = 156.8100 ...
