Russian ministry requests lifting of Roblox ban
MOSCOW, June 9 : Russia's digital ministry said on Tuesday it had asked law enforcement to support lifting a ban on the U.S. gaming platform Roblox RBLX.N, based on assurances that the company would provide extra protection for young users and comply with Russian law.The communications watchdog ...
Analysis:SpaceX's lofty valuation set to put 'Elon premium' to test
June 9 : SpaceX's landmark listing this week is set to test the "Elon premium" that has made Tesla one of the most highly valued U.S. companies and a must-have among retail investors.The rocket company led by Elon Musk is targeting a valuation of $1.77 trillion in its record-setting I ...
US stocks: Wall Street rises as tech shares gain, Middle East tensions ease
WALL Street’s major indexes advanced on Tuesday (Jun 9), as technology stocks rose for a second day after last week’s rout, and...
China’s Tencent draws more than US$16 billion in orders for dual-currency bond
[SYDNEY] China’s Tencent Holdings has drawn more than US$16 billion in orders, around four times the amount it is seeking to raise,...
Singapore benefits from Middle East flight reroutings but only temporarily: IATA
[RIO DE JANEIRO] Changi Airport is a net beneficiary of the closure of Middle East airspace, given that Singapore Airlines (SIA) responded...
Global offshore wind capacity set to grow to 420 GW by end of 2035, Gwec report says
Annual installations are expected to double this year and triple by 2031, it adds
Singapore to negotiate FTA with regional bloc of 8 East African countries
President Tharman’s state visit is the first such visit by a Singapore president to Tanzania
Malaysia’s government-linked funds to invest in firms under MY Value Up programme
Tan Ai Leng - State pension funds and investment managers will back firms prioritising governance and value
Apple's AI Siri will be held back by aging devices, Morgan Stanley says
June 9 : Apple's newly introduced AI Siri will have limited use across much of the company's install base because older iPhones lack the capabilities to run advanced AI features, Morgan Stanley said in a research note on Tuesday.More than 850 million iPhones are incapable of running basic ...
Chinese hackers pose biggest espionage threat to tech firms, CrowdStrike says
North Korea’s hacking campaigns also “posed a major threat”
Indonesia's trade ministry faces barrage of questions from businesses over new export control plan
JAKARTA, June 9 : Indonesian trade ministry officials faced a barrage of questions on Tuesday from exporters of palm oil, coal and ferroalloys worried about the impact of a controversial new export control plan designed to extract more profit from the country's natural resources. In an online f ...
Geely says its driver assistance system authorized for use in EU
June 9 : A driver assistance system developed by Geely has been certified to operate in the European Union, the first time a Chinese auxiliary driving system meets those standards, the automaker said in a statement.Geely is one of many Chinese automakers moving to set up production in Europe to avoi ...
OpenAI wants a trillion-dollar debut. Here's how it stacks up against history's biggest IPOs
CNA takes a look at the five biggest IPOs in history and how the companies are faring.
Tech firms in UK must have plan for illegal content spikes during crises like Southport, regulator says
LONDON, June 9 : Tech firms in Britain will need to have plans to respond to surges in illegal content during crises such as the 2024 Southport riots which threaten public safety under strengthened rules set out by the regulator on Tuesday.Nationwide violence broke out two years ago following a knif ...
Emirates will not cut flights despite Middle East war pressures
He also rejected Lufthansa’s criticism that Gulf carriers enjoyed an unfair regulatory advantage
No tech rule exemption for Apple, EU regulators say amid spat over Siri AI delay
BRUSSELS, June 9 : EU regulators on Tuesday slammed Apple for blaming EU tech rules for its decision not to roll out its upgraded assistant Siri AI in the European Union for now, saying they had rejected the company's request for an 18-month exemption from its obligations.The iPhone maker on Tu ...
Apple failed to make its AI tool to comply to EU regulations, EU Commission says
BRUSSELS, June 9 : Apple decided not to roll out its new Siri AI tool in the European Union after it had unsuccessfully requested to be exempted of interoperability obligations for the tool, a spokesperson for the EU Commission said on Tuesday."The decision not to roll out Siri AI in the EU is ...
Wee Hur to expand Hong Kong PBSA portfolio with acquisition of One Bedford Place
Felicia Tan - Wee Hur Holdings has acquired One Bedford Place, a 26-storey Grade A commercial building in Tai Kok Tsui, Kowloon, for an undisclosed sum. The building also comes with two basement levels and has a total gross floor area of 184,000 sq ft. The building will be repositioned into a 500-bed purpose-buil ...
Singapore stocks close higher after rebound of global chipmakers; STI up 1.2%
Chloe Lim - Across the broader market, gainers outnumber losers 344 to 231
Analysis:Short-sellers to tread carefully as Musk's SpaceX debuts
NEW YORK, June 9 : Short sellers beware: Elon Musk's SpaceX IPO may be too hot to handle.On the face of it, the company is a natural target for short sellers - investors who sell borrowed shares to profit from a future slide in prices.With an estimated price-to-revenue multiple of 56, eye-poppi ...
IT platform NinjaOne valued at over $12 billion in latest funding round
June 9 : IT platform NinjaOne said on Tuesday it has raised more than $400 million in a funding round that valued it at $12.3 billion, at a time when investors are concerned about AI upending parts of the software industry.While the sector contends with mounting fears that rapidly evolving AI tools ...
Giant oil supertanker orders eclipse record set in 2008
Freight charges have doubled from pre-conflict levels and have soared to record highs of several hundred thousand dollars a day
Musk's Starlink leads Bezos' Amazon as airlines rush to boost in-flight Wi-Fi
RIO DE JANEIRO, June 9 : Global airlines' push to attract premium customers is making fast in-flight Wi-Fi an increasingly important perk, turning a once-patchy paid service into an emerging battleground between Elon Musk's Starlink and Jeff Bezos' Amazon Leo satellite network.Starlin ...
Nio denies US allegations, says inclusion on Chinese military companies list ‘will not impact’ business
Benjamin Cher - BYD, Alibaba and other tech firms have also been placed on the list
Inpex to seek orders from Australia's workplace tribunal to stop labour action at Ichthys LNG
June 9 : Japan's Inpex said on Tuesday it would seek urgent orders from Australia's Fair Work Commission to halt protected industrial action at its Ichthys liquefied natural gas facilities.The Offshore Alliance, made up of the Maritime Union of Australia and the Australian Workers' Un ...
Bank Indonesia’s emergency rate hike buys time for battered rupiah, but investor doubts linger
Elisa Valenta - The currency has fallen by around 8% this year, and is among the world’s worst performers
Bank Indonesia’s emergency hike buys time for battered rupiah, but investor doubts linger
Elisa Valenta - The currency has fallen more than 8% this year, among the world’s worst performers
Grab, EnterpriseSG launch scheme to help small F&B businesses grow customer demand and capabilities
Koh Kim Xuan - The programme aims to raise these merchants’ visibility through promotional deals and business guidance
UK reviewing Palantir's NHS contract amid pressure to use break clause
LONDON, June 9 : Britain is conducting a full review of its National Health Service contract with U.S. data analytics firm Palantir, amid growing political pressure for the government to use a break clause at the end of the initial term in early 2027.Technology minister Liz Kendall said on Tuesday t ...
GSK to buy Nuvalent for US$10.6 billion to expand in cancer drugs
The British firm will pay US$124 a share for Nuvalent
Meta funds skilled trades jobs programme for AI data-centre buildout
Graduates will receive guaranteed employment offers, the company says
SGX’s Global Listing Board needs a few strong listings coming out the gate
Benjamin Cher - [SINGAPORE] After all the effort that has gone into engineering the Singapore Exchange’s (SGX) dual listing bridge with Nasdaq, the first few...
European shares steady; Middle East tensions in focus
EUROPEAN shares were steady at open as the developments in the Middle East stayed in focus, with oil prices easing after Iran...
AI saves clinicians time but most lack training, survey finds
June 9 : AI is saving clinicians time, but the majority of healthcare professionals say training in the technology is inadequate, inconsistent or unavailable, a global survey by Philips showed on Tuesday.The study, Philips Future Health Index, was carried out through two quantitative surveys, one wi ...
