20 hours ago
What Singapore needs to change to enable better senior living options
Gaps in the eldercare and retirement housing landscape can be addressed with regulatory changes
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
20 hours ago
Work Permit levy hikes in 2028 could drive SMEs to automate, upskill workers: industry players
Renald Yeo - Among SMEs, these levy increases are likely to have a greater impact than other manpower-related changes unveiled in Budget 2026
20 hours ago
US average diesel prices cross $5 a gallon as Middle East War tests global economy
NEW YORK, March 16 : U.S. average retail diesel prices crossed $5 a gallon for only the second time ever on Monday as the war in the Middle East squeezes supplies of the industrial fuel, according to fuel markets tracker GasBuddy.Economists have warned that surging diesel prices could slow global ec ...
20 hours ago
Trump says he asked China to delay Xi summit due to Iran war
The decision to put off the summit may not be a major disappointment for Beijing
20 hours ago
UK's Reeves to pledge 1 billion pounds for quantum procurement
LONDON, March 16 : British finance minister Rachel Reeves said on Monday the government would spend up to 1 billion pounds ($1.33 billion) on powerful quantum computers to help develop the quantum sector and boost the wider economy.The new procurement programme is part of a 2 billion-pound plan to u ...
21 hours ago
Samsung shares rise after Nvidia's Huang flags tie-up on new AI chips
March 17 : Shares of Samsung Electronics rose as much as 5 per cent on Tuesday after Nvidia CEO Jensen Huang said its new artificial intelligence chips were being manufactured by the South Korean company. At Nvidia's GTC developer conference in California on Monday, Huang unveiled Nvidia's ...
21 hours ago
Samsung Elec showcases Nvidia's new inference chip made using 4 nanometer process
March 16 : Samsung Electronics showcased Nvidia's new artificial intelligence chip manufactured using Samsung's 4 nanometer process at Nvidvia's GTC developer conference in California on Monday. Nvidia CEO Jensen Huang said at the event that Samsung makes Nvidia's new AI inferenc ...
21 hours ago
Oil prices slide 3% as some ships transit Strait of Hormuz
Governments worldwide are trying to shield consumers from soaring energy costs
21 hours ago
Wall Street ends higher as traders return to AI stocks
The Fed is widely expected to leave interest rates unchanged at the end of its two-day meeting on Wednesday
21 hours ago
Commentary: Tech companies are blaming massive layoffs on AI. What’s really going on?
Genuine disruption from artificial intelligence is visible in specific corners of the labour market, but the scale of that disruption is commonly overstated, says this professor.
21 hours ago
European shares snap three-day losing streak as oil prices retreat
Investors have been highly sensitive to crude prices, which have soared since the US and Israeli strikes on Iran began more than...
21 hours ago
Nvidia bets on AI inference as chip revenue opportunity hits $1 trillion
SAN JOSE, California, March 16 : Nvidia said the revenue opportunity for its artificial intelligence chips may reach at least $1 trillion through 2027, as the company outlined a strategy to compete more aggressively in the fast-growing market for running AI systems in real time.CEO Jensen Huang unve ...
22 hours ago
Roche ramps up AI computing capacity with Nvidia chip expansion
BERLIN, March 16 : Swiss drugmaker Roche said on Monday it had expanded its artificial intelligence computing capacity with more than 2,100 Nvidia chips to support drug and diagnostics development.Roche said the additional hardware would speed up work across its research and development operations, ...
22 hours ago
Uber, Nvidia plan robotaxi rollout in 28 cities starting next year
March 16 : Uber Technologies and Nvidia said on Monday they will deploy a fleet of robotaxis powered by Nvidia's autonomous driving software on the ride-hailing network, starting in Los Angeles and San Francisco in 2027 and expanding to 28 cities globally by 2028.Robotaxis are rapidly expanding ...
22 hours ago
Skild AI, Nvidia deploy robot brain on Blackwell assembly lines
March 16 : Skild AI's artificial intelligence model will power robots manning Foxconn's assembly lines in Houston, where Nvidia's Blackwell GPU server racks are built, in what the companies described as an early commercial deployment of generalized physical AI.The startup, backed by N ...
22 hours ago
Nvidia strikes humanoid robot partnerships with European chipmakers
AMSTERDAM, March 16 : European chipmakers Infineon, NXP and STMicroelectronics on Monday all announced partnerships with Nvidia to sell hardware for humanoid robots, as they vie for business in a potentially lucrative market.U.S. chipmaker Nvidia coordinated the announcements on the eve of its annua ...
23 hours ago
Dell workforce drops 10% in fiscal 2026, filing shows
March 16 : Dell's total workforce declined by about 10 per cent, or 11,000 employees, in fiscal 2026, it said on Monday, a sign that the AI server maker is limiting external hiring to reduce costs.The company spent $569 million in severance payments in this period, compared with $693 million a ...
23 hours ago
US court rules against S Korean gaming company and its AI-hatched takeover plan
WILMINGTON, Delaware, March 16 : A Delaware judge ordered on Monday that South Korean game developer Krafton Inc reinstate the head of one of its video game studios, ruling that he had been improperly removed as part of a takeover plan hatched by ChatGPT.Krafton's CEO Changhan Kim had largely f ...
23 hours ago
CK Hutchison's Panama unit says country failed to respond to arbitration claim by deadline
PANAMA CITY, March 16 : Hong Kong conglomerate CK Hutchison's Panama subsidiary said on Monday that the Central American nation's government failed to respond to an international arbitration claim submitted by the firm by the March 13 deadline.Panama's government in January annuled th ...
24 hours ago
EU fails to extend rules on child abuse content detection by online platforms
BRUSSELS, March 16 : EU countries and lawmakers on Monday failed to agree to an extension of a temporary measure governing how Alphabet's OGL.O> Google, Meta Platforms and other online platforms tackle child sexual abuse material, leaving a legal vacuum on the issue.The current system of vol ...
1 day ago
Molten alien planet with sulfur-choked atmosphere displays unique hellscape
WASHINGTON, March 16 : Astronomers have spotted a planet orbiting a star in our neighborhood of the Milky Way galaxy that presents a unique hellscape - covered with a perpetual ocean of magma and enveloped by a noxious and fiercely hot sulfur-rich atmosphere.The molten planet's diameter is more ...
1 day ago
Singapore, 9 other countries back permanent ban on tariffs on digital transmissions ahead of WTO meeting
The ten members of the Future of Investment and Trade Partnership expressed support for such a measure after convening virtually ahead of the 14th WTO Ministerial Conference, scheduled for Mar 26 to 29.
1 day ago
Iran war upheaval jolts shipping fuel suppliers in Singapore
Some distributors are prioritising preferred customers, and either trimming or canceling other sales
1 day ago
Reliance signs US$3 billion green ammonia supply deal with South Korea's Samsung C&T
Supply under the deal will begin in the second half of fiscal year 2029
1 day ago
VinFast quarterly loss widens as costs bite
Vietnamese EV maker expects to resume construction of a US manufacturing plant this year
1 day ago
Banks launch sale of EA buyout's $5.75 billion cross-border loan
WASHINGTON, March 16 : A JPMorgan-led group of banks on Monday began marketing to investors a $5.75 billion loan helping finance the leveraged buyout of Electronic Arts, according to a term sheet seen by Reuters.The seven-year term loan B consists of a $4 billion U.S. dollar portion as well as a 1.5 ...
1 day ago
Encyclopedia Britannica sues OpenAI over AI training
March 16 : Encyclopedia Britannica and its Merriam-Webster subsidiary have sued OpenAI in Manhattan federal court for allegedly misusing their reference materials to train its artificial intelligence models.Britannica said in the complaint filed on Friday that Microsoft-backed OpenAI used its online ...
1 day ago
Apple unveils second-generation AirPods Max at $549, more than five years after debut
March 16 : Apple on Monday unveiled the second generation of its premium AirPods Max over-ear headphones at $549, more than five years after the first version's launch.The update marks Apple's first major refresh of the over-ear headphones since their 2020 debut, as the company adds new fe ...
1 day ago
Wall St opens higher as tech stocks gain; investors weigh Middle East conflict
[NEW YORK] Wall Street’s main indexes opened higher on Monday (Mar 16) with shares of Meta among the top gainers after a...
1 day ago
Exclusive-OpenAI courts private equity to join enterprise AI venture, sources say
NEW YORK, March 16 : OpenAI is in advanced talks with private equity firms including TPG, Advent International, Bain Capital and Brookfield Asset Management to form a joint venture that would distribute its enterprise products across the firms' portfolio companies and beyond, four people famili ...
1 day ago
UK High Court rejects appeal on US$832.2 million case against Yangzijiang Shipbuilding units
Derryn Wong - The court also refuses the claimants’ application for permission to appeal further
1 day ago
DayOne Data Centers nears confidential filing for US IPO: sources
The Singapore-based data centre operator may submit its draft IPO as soon as this week
1 day ago
Meta shares jump after Reuters report on plans for layoffs of 20% or more
March 16 : Meta Platforms shares rose 3 per cent on Monday following a Reuters report that the social media giant plans to lay off 20 per cent or more of its workforce to offset heavy spending on artificial intelligence and bet on productivity gains from the technology.If Meta settles on the 20 per ...
1 day ago
Crypto company Abra to go public in blank-check merger