LinkedIn names insider Daniel Shapero as new CEO
April 22 : Microsoft's LinkedIn named Chief Operating Officer Daniel Shapero as its new CEO, tapping a veteran of the professional networking site to lead it through an era of AI-driven change.Shapero, who joined LinkedIn in 2008 as a general manager for the LinkedIn Research Network, will repl ...
Explainer-How Deutsche Telecom and T-Mobile US could pull off the world's biggest M&A deal
LONDON/BERLIN, April 22 : Deutsche Telekom is exploring a possible tie-up with T-Mobile US to create a $300 billion telecoms giant, sources said, in what would overtake Vodafone-Mannesmann's $203 billion merger in 1999 to become the biggest M&A deal ever.The German group already controls 53 ...
Microsoft to integrate Anthropic's Mythos into its security development program
April 22 - Microsoft said on Wednesday it plans to embed advanced artificial intelligence models, including Anthropic's Claude Mythos Preview, into its secure coding framework, as the company steps up its cybersecurity capabilities.Incorporating the models into Microsoft's Security Develop ...
IPO of Kin Global is approximately four times oversubscribed
Teo Zheng Long - The IPO of Kin Global Limited is approximately four times subscribed. Priced at 23 cents each, the IPO comprised of one million shares through public offer and 23.93 million shares through the placement offer, which includes 5.148 million reserved shares set aside for its management, directors, empl ...
EU may let startups claim innovation benefits in M&A if Big Tech not involved
BRUSSELS, April 22 : Startups claiming innovation benefits for their deals will likely secure speedy EU antitrust approval, but not if Big Tech is involved, a draft revamp of merger rules due to be announced in the coming weeks shows.The overhaul, the first in more than two decades, came after telec ...
Nanofilm’s 1QFY2026 revenue up 24% y-o-y to $55 mil
Teo Zheng Long - For 1QFY2026 ended March 31, Nanofilm’s (SGX: MZH ) revenue saw an increase of 24% y-o-y to $55 million, driven by advanced materials consumer (AMC) under the advanced materials business unit (AMBU). Nanofilm states that AMBU continues to be the largest revenue contribution, which accounts for 89% ...
Nvidia-backed VAST Data valued at $30 billion in latest funding round
April 22 : VAST Data said on Wednesday it was valued at $30 billion in its latest funding round, growing more than threefold since 2023, helped by strong interest in companies that build the infrastructure needed for artificial intelligence.The New York-based company, which is backed by Nvidia, said ...
Ping-pong robot Ace makes history by beating top-level human players
April 22 : An autonomous robot ping-pong player dubbed Ace has achieved a milestone for AI and robotics in Tokyo by competing against and sometimes defeating top-level human players at table tennis, a feat that could presage an array of other applications for similarly adept robots.Ace, created by t ...
Volvo Cars says demand for new EX60 electric SUV exceeds expectation
It expects to build up to 40,000 cars
Italy is euro zone laggard on AI usage, official data shows
ROME, April 22 : Italy has one of the lowest rates of artificial intelligence use in Europe, data showed on Wednesday, highlighting a broader shortfall in digital skills in the euro zone's third-largest economy.Just 19.9 per cent of Italians aged 16 to 74 used artificial intelligence tools last ...
Wall Street opens higher on ceasefire extension relief
[NEW YORK] Wall Street’s main indexes opened higher on Wednesday (Apr 22) after US President Donald Trump extended the ceasefire with Iran,...
Kin Global’s public offer of 1 million shares 29.5 times subscribed at S$0.23 a share
Derryn Wong - The sports management company’s invitation also includes 23.9 million placement shares
Honeywell's Quantinuum confidentially files for US IPO
April 22 : Industrial giant Honeywell said on Wednesday its quantum computing company, Quantinuum, has confidentially filed paperwork for a U.S. initial public offering.The firm, majority owned by Honeywell, had submitted papers with the U.S. Securities and Exchange Commission in February.Honeywell ...
Gaming industry could unlock $22 billion in profits on AI-driven cost cuts, says Morgan Stanley
April 22 : Advanced artificial intelligence tools could help cut down video game developing costs by nearly half, potentially unlocking about $22 billion in annual profits for game makers worldwide, Morgan Stanley analysts said.The adoption of AI tools to automate tasks such as creating gaming envir ...
Traders place $430 million bet on lower oil price before Trump ceasefire extension
LONDON, April 22 : Traders placed a series of bets worth $430 million on a drop in crude prices just 15 minutes before U.S. President Donald Trump said he would extend a ceasefire with Iran on Tuesday. It is the third time this month, and the fourth in total, that large, well-timed directional bets ...
CICT leans on ‘bold acquisitions’ and asset recycling to drive growth
Ry-Anne Lim - Manager says it has not shied away from bold moves to upgrade portfolio amid AGM questions on Paragon’s S$3.9 billion acquisition
Boeing posts smaller-than-expected quarterly loss as recovery gains traction
The aerospace giant posted a US$7 million net loss for the quarter
Moody's profit rises on strong analytics growth, lifts annual forecast
Revenue from the analytics segment rose 8% to US$926 million
Oiltek to ‘actively review’ capital structure after stock-split query
Therese Soh - It responds after shareholder points out current high cost of agritech firm’s shares may ‘dampen market participation and trading momentum’
From paint to flights, Iran war lifts costs, darkens outlooks
LONDON, April 22 : Companies from consumer goods to travel and mining warned on Wednesday that the U.S.-Israeli war with Iran is driving up costs, disrupting supply chains and hurting consumer confidence, clouding financial outlooks.The cautious tone in the earnings season highlights the pressure on ...
From paint to planes, Iran war lifts costs, darkens outlooks
LONDON, April 22 : Companies from consumer goods to travel and mining warned on Wednesday that the U.S.-Israeli war with Iran is driving up costs, disrupting supply chains and hurting consumer confidence, clouding financial outlooks.The cautious tone so far in the quarterly earnings season highlight ...
Three directors linked to Kweks’ father-son feud quit Millennium & Copthorne board
Navene Elangovan - Jennifer Duong Young, Daniel Marie Ghislain Desbaillets, Wong Ai Ai’s appointments had featured in chairman Kwek Leng Beng’s earlier lawsuit
Three directors linked to CDL boardroom tussle quit hotel unit’s board
Navene Elangovan - The three directors were involved in CDL’s high-profile boardroom tussle last year
Robinhood's venture fund bets on OpenAI as retail rush for AI heats up
April 22 : Robinhood's venture fund said on Wednesday it has invested $75 million in OpenAI, allowing retail investors exposure to one of the world's hottest privately held AI companies.Robinhood Ventures Fund I, which went public in March, aims to open up retail investors' access to ...
Robinhood's venture fund invests $75 million in OpenAI
April 22 : Robinhood's venture fund has invested $75 million in ChatGPT maker OpenAI, it said on Wednesday, aiming to broaden retail investor access to high-profile, privately held technology companies.OpenAI has become one of the most closely watched companies in generative AI, propelled by th ...
Tencent, Alibaba in talks to invest in DeepSeek at over US$20 billion valuation: The Information
AI fundraising highlights the intense capital needed to build and run top-tier models
SiriusXM to sell YouTube audio ads exclusively in US
April 22 : SiriusXM has struck a deal with Alphabet's YouTube to become its exclusive audio advertising sales partner in the U.S., it said on Wednesday.YouTube is stepping up efforts to monetize its growing podcast and music listening base, creating new advertising opportunities beyond traditio ...
UK targets illegal crypto trading in London crackdown
LONDON, April 22 : Britain's Financial Conduct Authority (FCA) on Wednesday swooped on eight London addresses suspected of illegal peer-to-peer crypto trading in its first such operation with other agencies, the financial regulator said on Wednesday.Working with tax officials and police under m ...
Google puts AI agents at heart of its enterprise money-making push
LAS VEGAS, April 22 : Alphabet CEO Sundar Pichai is deepening a push into enterprise software, signaling to investors at Google's annual cloud conference that AI agents — human-like digital assistants — are a lynchpin of its strategy to monetize artificial intelligence.At the three-day conf ...
YouTube complies with Indonesia's social media curbs, minister says
JAKARTA, April 22 : Video platform YouTube has complied with Indonesia's social media restrictions for children under 16, the country's communications minister said on Wednesday.• Google's YouTube has handed over a "letter of compliance" to Indonesia's communications ...
Teledyne lifts annual profit forecast, beats quarterly estimates
April 22 : Teledyne Technologies on Wednesday raised its profit forecast for full-year 2026, as the sensing systems maker continues to benefit from robust demand across its digital imaging, instrumentation, and aerospace and defense segments.Teledyne continues to benefit from elevated demand for def ...
DFI beats Q1 estimates, but analysts warn of moderating growth
Koh Kim Xuan - Growth in all its businesses keeps the retail chain on track to attaining analysts’ FY2026 profit estimates
Tencent, Alibaba in talks to invest in DeepSeek at over $20 billion valuation, The Information reports
April 22 : Chinese tech giants Tencent Holdings and Alibaba Group are in discussions to invest in artificial intelligence startup DeepSeek, The Information reported on Wednesday, citing four people with knowledge of the conversations.DeepSeek, owned by Chinese hedge fund High-Flyer Capital Managemen ...
India’s Tata Communications posts quarterly revenue rise on data‑services growth
April 22 : India's Tata Communications reported a 9.4 per cent rise in fourth-quarter revenue on Wednesday, supported by demand for cloud infrastructure and high-bandwidth cable services housed under its data services unit.• Revenue from its mainstay data services business rose 11.5 per cent ...
