Elon Musk's court battle against OpenAI enters homestretch
OAKLAND, California, May 14 : A trial that may shape the future of OpenAI enters its final stages on Thursday, as lawyers for Elon Musk try to convince a jury to hold the ChatGPT maker's leaders responsible for transforming the nonprofit into a vehicle to enrich themselves.Closing arguments are ...
Xi tells US CEOs on Trump visit that China will open up more
Trump’s trip was the first state visit by a sitting US president to China in nine years
Wall St opens higher as Nvidia gains; US-China talks, data in focus
[NEW YORK] Wall Street stock indexes opened higher on Thursday (May 14) as Nvidia’s shares jumped, while investors assessed economic data and...
ThaiBev H1 profit falls 3.2% to 14.2 billion baht on impairment loss
Deon Loke - An interim dividend of 0.15 baht per share is declared for the half-year
Thai Beverage's 1HFY2026 earnings lower on impairment
The Edge Singapore - Thai Beverage has reported earnings of 14.25 billion baht for its 1HFY2026 ended March, down 3.2% from the year earlier's 14.7 billion baht, as the company booked an impairment loss from discontinued operations. Net profit from normal business operations, meanwhile, was up 7.8% to 19.2 billion ...
Amazon’s AI success sends stock racing towards US$3 trillion club
The e-commerce giant has a market value of more than US$2.9 trillion after adding US$438 billion this year
China’s view on Elon Musk? Visionary, occasional villain
Musk said he wants to accomplish “many good things” in China
AirAsia X posts quarterly loss as fuel costs bite, withholds 2026 targets
The results mark the first reporting period following the completion of its acquisition of AirAsia Aviation Group and AirAsia in January
NetLink NBN Trust posts 1.1% rise in H2 DPU to S$0.0271
Sharanya Pillai - Company expects its business to ‘remain resilient’ despite uncertainties from Middle East conflict
NetLink NBN Trust posts 1.1% rise in H2 DPU to 2.71 cents
Sharanya Pillai - The company expects its business to “remain resilient” despite uncertainties from the Middle East conflict
US wireless carriers to launch joint venture to address rural 'dead zones'
WASHINGTON, May 14 : Verizon, AT&T and T-Mobile said on Thursday that they agreed in principle to form a new joint venture that seeks to address long-time coverage gaps especially in rural areas by using satellite-based technologies. The largest U.S. wireless companies said the plan seeks to end ...
Singapore Airlines flags surging fuel costs; annual profit halves on one-offs
Losses from Air India, in which the group owns a 25.1 per cent stake, further compounded the decline in annual profit.
Singapore Airlines posts 57% drop in annual profit, flags surging fuel costs
Air India posted a US$2.8 billion loss for FY2025/26, according to shareholder Singapore Airlines’ annual financial statements.
Versant beats revenue estimates on licensing deals, digital platform growth
May 14 : Versant Media topped Wall Street estimates for first-quarter revenue on Thursday, as content licensing deals and strong sales at businesses like Fandango helped cushion the impact of pay-TV cord cutting.The Comcast spinoff, whose portfolio is centered on cable networks, has been expanding t ...
Bank of Spain calls for access to advanced AI tools, flags cyber risks
MADRID, May 14 : The Bank of Spain on Thursday called for stronger international cooperation and wider access to protective artificial intelligence models such as Anthropic's Glasswing to ward off cybersecurity risks stemming from the potential misuse of advanced vulnerability-spotting engines. ...
UK opens antitrust probe into Microsoft's business software
LONDON, May 14 : Britain launched an antitrust investigation into Microsoft's dominance in business software that could lead to targeted action if the U.S. company is found to have "strategic market status" in the sector.The Competition and Markets Authority said the investigation - i ...
Britain investigates Microsoft over business software dominance
LONDON, May 14 : Britain will investigate Microsoft's dominance in business software using its powers to oversee big tech, its antitrust regulator said on Thursday, which could lead to targeted interventions to encourage competition.The Competition and Markets Authority said its "strategic ...
CNMC Goldmine proposes transfer to SGX mainboard
Deon Loke - The board believes a mainboard listing will raise the company’s visibility
SIA H2 FY2026 earnings fall 53.6% to S$945.5 million on absence of accounting gain
Tay Peck Gek - But the group posts a record revenue of S$10.8 billion for the half-year
CNMC aims to transfer listing from Catalist to Mainboard
The Edge Singapore - CNMC Goldmine Holdings has applied for a transfer its listing from Catalist to the Mainboard, to help enhance long-term value for its shareholders. The company says that by doing so, it can "heighten" its image both locally and overseas, as "public investors tend to place a premium&qu ...
Cerebras set for debut in stock market gripped by AI mania
May 14 : Chipmaker Cerebras is set to make its U.S. market debut later on Thursday, as it looks to ride a wave of investor euphoria for companies that are at the heart of the artificial intelligence boom.The firm's IPO is the largest this year and comes as AI-linked stocks push broader markets ...
Chipmaker Cerebras indicated to open about 90% higher in US market debut
May 14 : Shares of Cerebras Systems were indicated to open 90 per cent higher than their IPO price in the U.S. market debut on Thursday, as the chipmaker rides a wave of investor euphoria for companies that are at the heart of the artificial intelligence boom.The firm's IPO is the largest this ...
Cerebras shares skyrocket in debut as AI mania grips markets
May 14 : Shares of chip designer Cerebras Systems soared 89 per cent above the initial public offering price on their Nasdaq debut, extending the market's unrelenting frenzy for companies seen as the biggest beneficiaries of the artificial intelligence boom.Its shares opened at $350 on Thursday ...
SIA staff get lower bonus of 5.7 months for FY2026
Tay Peck Gek - Annual profit-sharing compensation based on a longstanding formula agreed with staff unions
Data centre demand boosts CSE Global’s Q1 revenue by 29.1% to S$265.2 million
Sharanya Pillai - The company’s Q1 order intake is also up 74.6% at S$271.2 million
Singapore Airlines’ FY2026’s net profit declines by 57.4% to $1.18 billion despite record revenue
The Edge Singapore - Singapore Airlines’ net profit fell by 57.4% to $1,184 million despite recording a record revenue of $20,522 million for FY2026, for the 12 months to March 31, up 5% y-o-y or $982 million. The decline was due to the absence of the $1,098 million non-cash accounting gain recognised in November 2024 ...
Oil edges up as investors focus on Trump-Xi meeting in Beijing
Iran appears to have tightened its control over the Strait of Hormuz
US Senate committee weighs crypto bill in milestone for digital assets
May 14 : The Republican-led Senate Banking Committee met on Thursday to consider long-awaited legislation that would create regulations for cryptocurrencies - a landmark step for the bill which has been bogged down by a dispute between crypto companies and banks. The Clarity Act would clarify regula ...
US Senate committee advances crypto bill in milestone for digital assets
May 14 : The Republican-led Senate Banking Committee on Thursday advanced long-awaited legislation that would create regulations for cryptocurrencies - a landmark step for the bill which has been bogged down by a dispute between crypto companies and banks. The bill, which was advanced with support f ...
US Senate committee to weigh crypto bill in milestone for digital assets
May 14 : The Republican-led Senate Banking Committee on Thursday is set to consider long-awaited legislation that would create regulations for cryptocurrencies - a landmark step for the bill which has been bogged down by a dispute between crypto companies and banks. The Clarity Act would clarify reg ...
JPMorgan's bet on early-stage companies pays off in leading global tech investment banking
NEW YORK, May 14 : When Pattern Group co-founders David Wright and Melanie Alder needed $10 million for their startup in 2017, it was barely a rounding error for a bank like JPMorgan, which held $2.5 trillion in assets at the time.Yet the bank still flew a team to Lehi, Utah, to evaluate the e-comme ...
Big Tech turns to Sesame Street, Girl Scouts to deflect scrutiny over kids' screen time
WASHINGTON, May 14 : Meta and Google enlisted trusted children's brands such as Sesame Street, Girl Scouts and Highlights magazine to teach kids to use technology in moderation - even as the companies designed apps that made it difficult for those same young users to unplug, public statements a ...
Meta and Google fund US kids' groups, as critics warn of social media risk
WASHINGTON, May 14 : Meta and Google enlisted trusted children's brands such as Sesame Street, Girl Scouts and Highlights magazine to teach kids to use technology in moderation - even as the companies designed apps that made it difficult for those same young users to unplug, public statements a ...
US clears H200 chip sales to 10 China firms as Nvidia CEO looks for breakthrough
The stakes are significant, highlighting how the US-China tech rivalry is now snarling even approved trade, leaving the world's most valuable company and dominant chipmaker caught between dueling national priorities.
