New York Times sues Perplexity AI for 'illegal' copying of content
The New York Times filed a lawsuit against Perplexity AI on Friday (Dec 5), claiming that the artificial intelligence startup was copying, distributing and displaying millions of its articles without permission.The startup has become a target of multiple legal disputes and faces similar accusations ...
Netflix to buy Warner Bros in US$72 bil cash, stock deal
Lucas Shaw and Michelle F. Davis / Bloomberg - Netflix agreed to buy Warner Bros. Discovery in a historic combination, joining the world’s dominant paid streaming service with one of Hollywood’s oldest and most revered studios. Under the deal announced Friday, Warner Bros. shareholders will receive US$27.75 ($35.94) a share in cash and stock ...
Trustpilot surges on Morgan Stanley upgrade despite short seller claims
Dec 5 : Trustpilot shares surged 16 per cent after Morgan Stanley upgraded the stock by two notches to "overweight" on Friday, a day after U.S. short seller Grizzly Research took aim at the global review platform. "We think the market is underappreciating Trustpilot's multi-year ...
Apple sends new round of cyber threat notifications to users in 84 countries
WASHINGTON, Dec 5 : Apple has sent a new round of cyber threat notifications to users in 84 countries, the company said on Friday, announcing its latest efforts to insulate customers against surveillance threats.Apple is one of several tech companies that regularly issue warnings to users when it d ...
Apple, Google send new round of cyber threat notifications to users around world
WASHINGTON, Dec 5 : Apple and Google have sent a new round of cyber threat notifications to users around the world, the companies said this week, announcing their latest effort to insulate customers against surveillance threats.Apple and the Alphabet-owned Google are two of several tech companies th ...
Meta strikes multiple AI deals with news publishers
Dec 5 : Meta has struck several commercial AI data agreements with news publishers including USA Today, People Inc, CNN, Fox News, The Daily Caller, Washington Examiner and Le Monde, the company said on Friday. The tie-ups will allow the Facebook-parent to provide "real-time" news and upda ...
Singapore digital infrastructure company EFGH to pursue US listing via Spac
Elysia Tan - It has entered into a business combination agreement with WinVest Acquisition Corp
Dollar eases as traders eye next week's Fed meeting
NEW YORK, Dec 5 : The U.S. dollar edged lower on Friday but held near recent ranges against major currencies as traders awaited next week's Federal Reserve meeting, where policymakers are widely expected to cut interest rates.The dollar index, which measures the currency against six peers, was ...
Dollar slips as traders eye next week's Fed meeting
NEW YORK, Dec 5 : The U.S. dollar slipped on Friday but held within recent ranges against major currencies as traders awaited next week's Federal Reserve meeting, where policymakers are widely expected to cut interest rates.The dollar index, which measures the currency against six peers, was do ...
X hit with 120 million euros EU fine for breaching content rules, TikTok settles
Europe’s Big Tech crackdown to boost competition and consumer choice has drawn criticism from Trump’s administration
Cloudflare restores services after minor dashboard outage
Dec 5 : Cloudflare has restored impacted software services after a minor outage on Friday hampered access to crypto trading exchange Coinbase and Anthropic's artificial intelligence chatbot Claude AI. The web-infrastructure company's shares fell as much as 4.5 per cent in premarket trading ...
Netflix to buy Warner Bros Discovery's studios, streaming unit for $72 billion
Dec 5 : Netflix on Friday agreed to buy Warner Bros Discovery's TV, film studios and streaming division for $72 billion, a deal that would hand control of one of Hollywood's most prized and oldest assets to the streaming pioneer.The deal represents a dramatic plot twist for Netflix, which ...
Netflix to buy Warner Bros Discovery's studios, streaming unit for US$72 billion
WBD franchises like Harry Potter and Game of Thrones will be owned by Netflix in this major Hollywood deal.
Manulife Singapore launches AI hub to groom talent
Young Zhan Heng - It is among 11 financial institutions working with IBF and MAS to pilot workforce development initiatives alongside adoption of artificial intelligence
UOBKH initiates coverage on UltraGreen.ai with ‘buy’ on optimistic growth outlook
Benicia Tan - The company is well-positioned to benefit from potential growth in the fluorescence-guided surgery market, say UOBKH analysts
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 gets $140 million EU fine for breaching content rules but 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 online content rules, the first sanction under landmark legislation that once again drew criticism from the U.S. government.While X did not respond to an ...
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 ...
