Pentagon reaches agreements with leading AI companies
WASHINGTON, May 1 : The Pentagon said on Friday it had reached agreements with seven leading AI companies to deploy their advanced capabilities on the Defense Department's classified networks.SpaceX, OpenAI, Google, NVIDIA, Reflection, Microsoft and Amazon Web Services will be integrated into t ...
Estee Lauder to cut 3,000 more jobs as CEO pushes overhaul
As many as 10,000 roles will now go, up from its previous target of 7,000 announced a year ago
BYD's sales downturn extends to eighth straight month
SHANGHAI, May 1 : Chinese electric vehicle giant BYD's vehicle sales fell for an eighth straight month, down 15.5 per cent from a year earlier in April, extending its longest-ever sales downturn as it struggles with weak demand at home.Sales overseas grew 35 per cent to 130,000 vehicles, revers ...
Tesla sales rebound continues in several European markets in April
LONDON, May 1 : Registrations of Tesla cars continued to rebound in France, Denmark and the Netherlands in April, but fast-moving Chinese rivals such as BYD kept chipping away at the U.S. electric vehicle maker's market share. Tesla's sales have recovered strongly in Europe this year after ...
Roblox shares tumble as forecast cut signals safety measures weighing on user growth
May 1 : Roblox shares on Friday plunged to their lowest levels in 18 months after the company cut its annual bookings forecast, raising concerns that new safety measures could suppress user growth for several quarters.The videogame platform warned of "continued short-term friction" from ne ...
Roblox shares plunge as forecast cut signals safety measures weighing on user growth
May 1 : Roblox shares plunged 24 per cent in premarket trading on Friday after the company lowered its annual bookings forecast, raising concerns that new safety measures could weigh on user growth for several quarters.The videogame platform warned of "continued short-term friction" from n ...
Nio delivers 29,356 vehicles in April, up 22.8% on year
Tessa Oh - Chinese EV maker’s April tally dips from March as it crosses 1.1 million cumulative deliveries
Chevron's upstream strength lifts first-quarter earnings past estimate
It reports adjusted earnings of US$1.41 per share, well above the consensus estimate of US$0.95
Apple shares rise on strong quarterly sales in run-up to CEO change
Apple shares jumped 3.6 per cent in early trading on Friday (May 1) after the iPhone maker posted its strongest quarterly sales growth in more than four years, a show of momentum as it prepares to hand over the reins to a new CEO.Its latest iPhone 17 Pr
Underwater robot tracks sperm whale conversations in real time
May 1 : Deep beneath the ocean surface, sperm whales swim through the dark waters, clicking to each other in bursts of sound that can travel for kilometres (miles). Now, scientists say they are beginning to follow those exchanges in real time using an autonomous underwater robot that can track whale ...
Key takeaways from Musk's testimony at OpenAI trial
May 1 : Elon Musk testified for more than seven hours over three days this week at a trial in Oakland, California, over the future of OpenAI, casting his lawsuit against the owner of ChatGPT as a defense of the institution of charitable giving.Musk, the CEO of Tesla and SpaceX as well as the world&# ...
Exclusive-SpaceX spending on Starship tops $15 billion in rush for airline-like rocketry
WASHINGTON, May 1 : SpaceX has spent more than $15 billion developing its next-generation Starship rocket, according to the company’s IPO registration reviewed by Reuters, a sum that dwarfs the cost of its workhorse Falcon rocket as Elon Musk’s space company nears a decade trying to perfect a fu ...
Japan may have spent $35 billion in yen-buying intervention, BOJ data shows
TOKYO, May 1 : Japan may have spent as much as 5.48 trillion yen ($35 billion) bolstering its embattled currency, central bank data indicated on Friday, following reports that Tokyo intervened on Thursday to arrest a sharp selloff in the yen.The Bank of Japan's projection for money market condi ...
Reddit rallies as AI‑driven ad growth fuels strong revenue outlook
May 1 : Reddit shares jumped 16 per cent in premarket trading on Friday after an upbeat quarterly revenue forecast underscored growing returns from the social media company's AI-driven advertising tools.The company's AI-optimized ad platform helps advertisers place targeted ads directly wi ...
Warren Buffett has stepped aside. Berkshire Hathaway is now Greg Abel’s show
Conglomerate’s size, cash pose challenges for new CEO; stock has significantly lagged S&P 500 since ‘Oracle of Omaha’ announced his departure
Warren Buffett has stepped aside. Berkshire is now Greg Abel’s show
Conglomerate’s size, cash pose challenges for new CEO; stock has significantly lagged S&P 500 since the ‘Oracle of Omaha’ announced departure
Russia successfully test launches new Soyuz-5 rocket from Kazakhstan, space agency says
MOSCOW, May 1 : Russia has test launched its new Soyuz-5 rocket for the first time, the country's space agency said late on Thursday, saying it had lifted off from the Baikonur cosmodrome in Kazakhstan without any issues. The Soyuz-5, which Roscosmos, Russia's space agency, describes as a ...
How can we follow DBS’s CEO to Taiwan? Here’s an ETF
Goola Warden - During DBS Group Holdings’ 1Q2026 results briefing, group CEO Tan Su Shan sounded decidedly positive on Taiwan. “Particularly pleasing was Taiwan. [Our] Taiwan consumer banking franchise is up strongly. Wealth Management in Taiwan is up 30% and we just opened in Kaohsiung as well a special SEZ. ...
Japan signs first $2.2 billion loan under $550 billion US investment pledge
TOKYO, May 1 : Japan has signed a $2.2 billion loan agreement for the first batch of projects under its $550 billion U.S. investment pledge, kicking off financing tied to a trade deal that cut U.S. tariffs on Japanese imports to 15 per cent. State-owned Japan Bank for International Cooperation said ...
Japanese yen jumps against dollar hours after intervention
LONDON, May 1 : The yen suddenly jumped against the dollar on Friday, a day after Tokyo authorities were widely believed to have intervened to prop up the Japanese currency.The dollar fell by as much as 0.66 per cent to a session low of 155.60 from 157.12 earlier. The yen rose by as much as 3 pe
Succession in Singapore: Is the era of family empires coming to an end?
Tay Peck Gek - More dynasty businesses such as UOB may have to hand over the reins to outsiders – but that does not have to...
Iran war ceasefire ‘terminated’ hostilities for war powers deadline, says US official
Trump faced a deadline on May 1 to end the Iran war or make the case to Congress for extending it
ANZ Bank’s profit tops estimates on CEO turnaround strategy
ANZ Group Holdings’ first-half profit surpassed analysts’ estimates on signs of improvement with the bank’s overhaul by chief executive officer Nuno Matos...
Toyota to post fourth straight quarterly profit drop as Middle East risks, costs mount
TOKYO, May 1 : Toyota is expected to report a fourth successive year-on-year decline in quarterly operating profit next week, as rising material and labour costs and the impact of U.S. tariffs offset strong demand, particularly for hybrid vehicles.The world's biggest automaker is forecast to po ...
Largely business as usual for Singapore’s Mice industry amid Iran war
Elysia Tan - Regional demand continues to provide support
Indonesia to cut ride-hailing companies’ maximum commission taken from drivers to 8%
[JAKARTA] Indonesia will cut the caps on the commissions that ride-hailing companies take from drivers for each trip to 8 per cent...
China Sunsine reports 6% y-o-y increase in sales revenue for 1QFY2026
Teo Zheng Long - China Sunsine (SGX: QES ) has reported sales revenue of RMB890 million for 1QFY2026 ended March 31, up 6% y-o-y, driven by higher sales volume. For 1QFY2026, China Sunsine sold 60,916 tonnes of products, 15% higher y-o-y and hits another record high for its quarterly sales volume. Gross profit margi ...
Gold heads for weekly loss on oil-driven inflation concerns
GOLD was steady in thin trading on Friday, but was on course for a weekly decline as higher oil prices fuelled inflation...
Salt Investments aims to raise $4.8 mil placing out new shares at 0.275 cent
The Edge Singapore - Salt Investments plans to fund business expansion by raising some $4.8 million placing out around 1.75 billion new shares at 0.275 cent each. At 0.275 cent, that's a discount of 8.3% off the last traded price of 0.3 cent. Assuming all shares are taken, Salt Investments' share base will inc ...
iWOW Technology to acquire The Gentle Group for a total consideration of $11.2 mil
Teo Zheng Long - iWOW Technology (SGX: NXR ) announced that it has entered into a sale and purchase agreement for the proposed acquisition of The Gentle Group Pte Ltd and its subsidiary, which is a provider of therapeutic nutrition solutions for seniors. The existing shareholders of The Gentle Group include its foun ...
Japan's big trading houses expect record profits but utilities forecast pain as Iran war weighs
TOKYO, May 1 : Some big Japanese trading houses forecast on Friday record annual profits as the U.S.-Israeli war on Iran keeps commodity prices high, while Japanese utilities warned of weaker earnings as fuel procurement costs spike.Japan, one of the world's most vulnerable countries to energy ...
Major Japanese trading houses expect higher profits as Iran war drags on
TOKYO, May 1 : Major Japanese trading houses on Friday said they expected higher fiscal year profits as the U.S.-Israeli war on Iran keeps commodity prices high, while domestic utilities warned of losses as procurement costs spike.Japan, one of the world's most vulnerable countries to energy im ...
Japan trading houses expect record profits but utilities forecast pain as Iran war weighs
TOKYO, May 1 : Some big Japanese trading houses forecast on Friday record annual profits as the U.S.-Israeli war on Iran keeps commodity prices high, while domestic utilities warned of losses as procurement costs spike.Japan, one of the world's most vulnerable countries to energy import disrupt ...
Japan's Marubeni targets second year of record profit on asset gains
TOKYO, May 1 : Japanese trading house Marubeni on Friday forecast 580 billion yen ($3.7 billion) in net profit for the current fiscal year, which would be a 6.6 per cent annual increase to its bottom line and a company record for the second year in a row. Marubeni, which conducts business across ene ...
