Cloudflare's slowing growth disappoints investors betting on AI boost
May 8 : Cloudflare shares tumbled more than 15 per cent in premarket trading on Friday, after its quarterly revenue forecast disappointed investors who had bet the stock would be a major beneficiary in the race to adopt artificial intelligence.The networking and cybersecurity services provider will ...
European shares slide as Middle East tensions flare
EUROPEAN shares fell on Friday in broad-based losses, as an escalation in the US-Iran conflict lifted oil prices and dampened hopes that a...
Google has bit more time to address concerns in EU investigation, EU Commission says
BRUSSELS, May 8 : EU regulators are giving Alphabet's Google a little bit more time to sooth their concerns after a previous proposal from the company fell short, the European Commission said on Friday."Google is engaging with the Commission to defend itself and in other in order to offer ...
ECB is studying defences against Mythos-powered attacks, Lagarde says
[FRANKFURT] The European Central Bank is studying defences against cyberattacks powered by artificial intelligence model Mythos but, like the rest of Europe, it is...
Asian Development Bank to mobilise $30 billion to help ASEAN countries withstand external shocks
CEBU, Philippines, May 8 : The Asian Development Bank said on Friday it will mobilise $30 billion to ASEAN countries to advance their economic priorities and help them withstand external shocks."As the region's main bank, ADB is channeling financing, expertise, and a $30 billion pipeline o ...
Sony, Nintendo grapple with memory price surge as AI boom constrains supply
Consumers to pay higher prices for gaming consoles
Logitech bets on AI, gaming and business users as it raises spending, CEO says
ZURICH, May 8 : Logitech International will increase spending on product development and marketing this year, CEO Hanneke Faber said, even as concerns grow of a possible global economic slowdown fuelled by the Iran war.The Swiss-U.S. maker of keyboards, mice and video-conferencing equipment is betti ...
Logitech CEO plans to boost spending on R&D and marketing
ZURICH, May 8 : Logitech International (LOGN.S) will increase spending on product development and marketing this year, CEO Hanneke Faber said, despite concerns over a possible global economic slowdown triggered by the Middle East crisis.The Swiss-U.S. computer peripherals maker is looking to gaming, ...
Share of female board chairs at top 100 SGX listcos edges up to 10%: diversity council
Ranamita Chakraborty - With progress being made on gender diversity, the council is looking at other aspects such as skills, experience and age
Share of female board chairs at top 100 SGX listcos edge up to 10%: diversity council
Ranamita Chakraborty - With progress being made on gender diversity, the council is looking at other aspects such as skills, experience and age
Sony, TSMC plan new Japan joint venture for next-generation image sensors
The partnership will explore opportunities in physical AI applications such as automotive and robotics
SBS Transit Q1 profit slips 2.2% to S$15.6 million despite ridership gains
Young Zhan Heng - But its revenue grows by 4.8% to S$391.8 million
US hybrid-car sales soar, along with petrol prices
Hybrids are generally less expensive than EVs and there are more models to choose from
Asean must build collective resilience to brace for world of more disruptions and shocks: PM Wong
Tessa Oh - He says Asia will be the hardest hit given its high dependence on energy and other critical supplies from the Gulf
Uber-backed Lime reveals revenue surge in US IPO filing
May 8 : Lime, which operates an electric bike and scooter network and is backed by Uber Technologies, reported a jump in yearly revenue in its filing for a U.S. initial public offering. The San Francisco-based startup did not reveal the terms of the offering in the filing. Activity in the U.S. IPO m ...
Astronomers get the best look yet at the surface of an exoplanet
WASHINGTON, May 8 : Astronomers have gotten their clearest look yet at the surface of an exoplanet - a planet beyond our solar system - thanks to NASA's James Webb Space Telescope.Webb gathered data on a rocky exoplanet with a diameter about 30 per cent larger than Earth that indicates it is a ...
Singapore stocks retreat as Asian markets trade mostly lower; STI down 0.4%
Jude Chan - Across the broader market, gainers trail losers 248 to 337, after 1.8 billion securities change hands
Singapore stocks retreat amid mixed Asia trading; STI down 0.4%
Jude Chan - Across the broader market, gainers trail losers 248 to 337, after 1.8 billion securities change hands
Hyundai Motor India targets 8–10% domestic sales growth as tax cuts boost demand
May 8 : Hyundai Motor India said on Friday that it expects domestic sales to grow 8-10 per cent in the current fiscal and plans to invest $794 million to double capacity at its Maharashtra plant, as the carmaker rides a demand boost following tax cuts.Vehicle sales in India have picked up since New ...
Hyundai Motor India beats quarterly profit view on strong SUV demand
May 8 : Hyundai Motor India reported a smaller-than-expected drop in fourth-quarter profit on Friday, helped by strong domestic and export demand for its higher-margin SUVs.The unit of South Korea's Hyundai Motor reported a consolidated profit of 12.56 billion rupees ($132.96 million)for the qu ...
HG Metal reports net profit of $6 mil for 1HFY2026, down 4% y-o-y
Teo Zheng Long - HG Metal (SGX: BTG ) has reported net profit after tax of $6.0 million for 1HFY2026 ended March 31, a decline of 4% y-o-y. Revenue stood at $81.0 million in 1HFY2026, a drop of 5% y-o-y, mainly due to a 1% drop in sales volume and a decline of 4% in average selling price amid the continued weakness ...
Zara denies infringing Jo Malone trademark in Estee Lauder case
[LONDON] Fashion retailer Zara has denied infringing Estee Lauder’s Jo Malone trademark, saying in UK High Court filings that it uses the...
TSMC’s sales grow slowest in months even as AI buildout persists
Analysts, however, expect its June-quarter revenue to grow almost twice as fast
Iran uncertainty, credit costs in focus for UOB as analysts stay cautious with ‘hold’ ratings
Chloe Lim - This comes even after the lender’s Q1 profit beat consensus estimates by around 3%
Food prices rise to highest in three years on Iran war costs
Global growers are already warning of decreasing planting areas and crop yields with costs surging
Baidu’s AI chip unit plans dual IPO in Shanghai and Hong Kong
The semiconductor company is working with China International Capital on the listing in the mainland Chinese city
Honda to report full-year operating loss of around $2.5 billion, Nikkei says
TOKYO, May 8 : Honda Motor is set to post an operating loss of around 400 billion yen ($2.55 billion) for the financial year just ended, hit by losses related to its electric vehicle business, the Nikkei business daily reported on Friday. Japan's second-biggest automaker is due to report full-y ...
SoftBank cuts target for OpenAI margin loan by 40% to US$6 billion
Valuation concerns over the unlisted tech giant led investors to trim the US$10 billion plan
Nintendo plans Switch 2 price increase as outlook disappoints
The company had until today resisted raising the price of its flagship console
What’s at stake at the Trump-Xi summit
The US president will be keen fortrade concessions from Beijing ahead of November’s midterm elections
US said to suspect Nvidia chips smuggled to Alibaba via Thailand
Since 2022, Washington has effectively blocked these processors from going to China over concerns that advanced AI could lend Beijing a military...
SoftBank cuts target for OpenAI margin loan, Bloomberg News reports
May 8 : SoftBank Group has downsized plans for a $10 billion margin loan backed by its OpenAI stake after hesitation from some creditors, Bloomberg News reported on Friday, citing people familiar with the matter.Softbank and bankers have mentioned in discussions plans to revise the target to an amou ...
SoftBank cuts target for OpenAI margin loan by 40% to $6 billion, Bloomberg News reports
May 8 : SoftBank Group has downsized plans for a $10 billion margin loan backed by its OpenAI stake after hesitation from some creditors, Bloomberg News reported on Friday, citing people familiar with the matter said.Softbank and bankers have mentioned in discussions targeting an amount as low as $6 ...
Air India weighs cost cuts, flight reductions as Iran war worsens financial struggles
The Indian carrier’s losses have dragged down earnings at SIA, which holds a 25.1% stake
