EU fines X $140 million for breaching online content rules, TikTok settles with concessions
BRUSSELS, Dec 5 : Elon Musk's social media company X was fined 120 million euros ($140 million) by EU tech regulators on Friday for breaching EU online content rules, the first sanction under landmark legislation which will likely draw the U.S. government's ire.Rival TikTok staved off a pe ...
X hit with $140 million EU fine for breaching content rules, TikTok settles
BRUSSELS, Dec 5 : Elon Musk's social media company X was fined 120 million euros ($140 million) by EU tech regulators on Friday for breaching EU online content rules, the first sanction under landmark legislation which will likely draw the U.S. government's ire.Rival TikTok staved off a pe ...
Singapore steps up focus on semiconductors and AI as part of its $37 billion five-year R&D budget
Kwan Wei Kevin Tan - Semiconductors and AI will be a key focus of Singapore’s $37 billion five-year research and development masterplan for 2026 to 2030. The $37 billion commitment is the eight and latest instalment of Singapore’s five-year masterplans for the country’s research and innovation efforts. The first p ...
Singapore invests S$37 billion in RIE2030 research plan; semiconductors, ageing among focus areas
Low Youjin - Of this, S$3 billion will be set aside for two new research programmes
Low Keng Huat appoints ZICO Capital as IFA for privatisation offer
Nicole Lim - The board of directors of Low Keng Huat have appointed ZICO Capital as the independent financial advisor (IFA) in relation to the privatisation offer of the company by Consistency Record. Consistency Record, which is a special purpose vehicle owned by the managing director of Low Keng Huat, Marco Lo ...
Singapore shares dip; STI down 0.1% on cautious sentiment
Tay Peck Gek - Across the broader market, decliners beat gainers 236 to 301 as 976.9 million of securities are transacted
China's three major airlines extend refunds and Japan flight changes to March 2026
[BEIJING] Three major Chinese airlines will offer refunds and charge-free changes to Japan-related flights until March 28 next year, state-owned news outlet...
Daily Debrief: What Happened Today (Dec 5)
Stories you might have missed
Broadway Industrial Group to delist by way of selective capital reduction; exit offer price 26.2 cents per share
Nicole Lim - Broadway Industrial Group has announced its intention to undertake a delisting exercise by way of a selective capital reduction, in which all 17,265,407 shares will be cancelled in consideration of 26.2 cents per share. The selective capital reduction entails the cancellation of all shares held by s ...
More ‘shadow fleet’ vessels carrying sanctioned cargo spotted in waters off Singapore, raising safety concerns
These ships move restricted cargo such as oil in defiance of global rules, often using stolen identities to evade sanctions and scrutiny.
The Fed, the Yen and Singapore’s Surprise Tech Star
Claressa Monteiro - The Fed’s final meeting of 2025, Japan’s rate hike risks, Ultra Green AI’s standout IPO, and OCBC’s surprising surge to record highs....
Nvidia partner Hon Hai’s sales soar in sign AI demand persists
It expects a 14% rise in sales for the three months ending December
Ringgit boleh, rupiah frays: Divergent Asean currencies to hold steady in 2026 amid greenback blues
Goh Ruoxue - Renminbi remains anchor for South-east Asian currencies
Temasek-backed Fullerton pares China hedge fund operations, workforce: source
The firm has cut its onshore private fund team from nearly 20 people last year
AI bubble to be short-lived, rebound stronger, NTT DATA chief says
(Refiles to removed outdated advisory note. No changes to text.)By Divya ChowdhuryMUMBAI, Dec 5 : A potential artificial intelligence bubble will deflate faster than past tech cycles but give way to an even stronger rebound as corporate adoption catches up with infrastructure spending, the head of J ...
Asia’s strong equity deals pipeline to be tested by AI bubble concerns in 2026
Hong Kong filings top 300 amid listing frenzy
Tech, S-Reits among 30 most traded non-STI stocks in H2 to date
Deon Loke - The 30 stocks have posted a median total return of 25 per cent
Uzbek state oil and gas company signs deal with Cargill to attract $3 billion in investments
TASHKENT, Dec 5 : A subsidiary of Uzbekistan’s state-run oil and gas company Uzbekneftegaz and Cargill signed a cooperation agreement aimed at strengthening Uzbekistan's energy security, under which the parties plan to attract $3 billion of investments, Uzbekneftegaz said on Friday.Uzbeknefte ...
AI industry not in a bubble, but stocks could see correction, SK chief says
SEOUL, Dec 5 : Artificial intelligence stocks could come under pressure after rising too fast and too much, but the industry is not in a bubble, the head of South Korean conglomerate that owns leading memory chipmaker SK Hynix said.Concerns about lofty AI stock valuations have begun to weigh on broa ...
Exclusive-India weighs greater phone-location surveillance; Apple, Google and Samsung protest
NEW DELHI, Dec 5 : India's government is reviewing a telecom industry proposal to force smartphone firms to enable satellite location tracking that is always activated for better surveillance, a move opposed by Apple, Google and Samsung due to privacy concerns, according to documents, emails an ...
German factory orders jump on 87% surge in big transport items
Demand increased 1.5% from the previous month, which was revised significantly higher to show a 2% gain
12,000 Marriott International suppliers in three markets to get same-day invoice financing by OCBC
Jovi Ho - Marriott International’s 12,000 small- and medium-sized entrepreneur (SME) suppliers in Singapore, Malaysia and Indonesia will enjoy same-day invoice financing from Oversea-Chinese Banking Corporation (OCBC) under a new strategic partnership between the two groups. Under the partnership, SMEs supp ...
BOJ expected to choose 'constructive ambiguity' on future rate hikes
TOKYO, Dec 5 : Investors seeking clarity from the Bank of Japan on how much higher interest rates could go could be disappointed, former central bank officials say, as clear-cut estimates on neutral interest rates are too difficult and even counter-productive.Governor Kazuo Ueda's hawkish signa ...
Amazon pays Italy 180 million euros to end tax, labour probe, sources say
ROME, Dec 5 : An Italian unit of e-commerce giant Amazon has paid compensation and scrapped a monitoring system for delivery staff, ending a probe into alleged tax fraud and illegal labour practices, sources with knowledge of the matter said on Friday. In July 2024 the group's logistics service ...
BOJ likely to hike rate this month
[TOKYO] Bank of Japan officials are ready to raise interest rates at a policy meeting later this month, provided there’s no major...
Singapore firms outpace global peers on sustainability, yet underutilise AI
Nurdianah Md Nur - Singapore companies are advancing sustainability initiatives faster than their global counterparts. However, most have not tapped on artificial intelligence (AI) to drive environmental decisions despite pressure from stricter disclosure requirements and rising carbon taxes. The majority (87%) of org ...
Not your typical 80-year-olds: Why more Malaysian seniors are trading in homes for resort-style living
Tan Ai Leng - Mindsets are shifting as retirees across the Causeway rethink what ageing can – and should – look like
Equinix signs third solar deal in Singapore
Nurdianah Md Nur - Equinix has signed a third solar power purchase agreement (PPA) in Singapore, deepening its commitment to the city-state’s clean-energy transition as demand for data centre capacity intensifies. The latest 20-year contract is with ESR-TEPCO Singapore AssetCo Alpha, a special purpose vehicle set up ...
India central bank cuts key rate, boosts liquidity to support ‘goldilocks’ economy
The Indian economy is under pressure from punitive tariffs imposed by Trump
India central bank cuts repo rate by 25 basis points, boosts liquidity
The Indian economy is facing a “rare goldilocks” period, RBI governor says
Warner Bros begins exclusive deal talks with Netflix
The traditional TV business is in the midst of a major contraction as viewers shift to streaming
Netflix to buy Warner Bros Discovery’s studios, streaming unit for US$72 billion
The deal will further tilt the power balance in Hollywood in favour of the streaming giant
Netflix in exclusive talks to buy Warner Bros Discovery assets: source
The parent of HBO receives a second round of bids this week
DHL deploys autonomous supply chain vehicle in Singapore
Nurdianah Md Nur - DHL Supply Chain has rolled out an autonomous vehicle (AV) designed specifically for supply-chain operations in Singapore. The fully electric AV is now operating at the company’s Asia Pacific Advanced Regional Centre, where it supports Infineon Technologies’ operations. Developed with Zelostech, ...
