Hongkong Land plans private property fund with its stakes in ORQ, MBFC and ORL as seed assets
The Edge Singapore - Hongkong Land has announced it is setting up its Singapore Central Private Real Estate Fund (SCPREF). SCPREF is expected to be seeded by Hongkong Land’s Singapore commercial portfolio and other assets acquired by the fund on inception and over time, creating future growth in earnings and AUM, as w ...
US to mandate AI vendors measure political bias for federal sales
WASHINGTON, Dec 11 : The U.S. government will require artificial intelligence vendors to measure political "bias" to sell their chatbots to federal agencies, according to a Trump administration statement released on Thursday. The requirement will apply to all large language models bought ...
Musk signals plan to launch IPO for SpaceX
Recent US media reports state that SpaceX stands poised for a record-setting US$1.5 trillion IPO
Google faces EU fine next year for favouring own services, sources say
[BRUSSELS] Alphabet’s Google is expected to be fined by EU antitrust regulators next year for not doing enough to comply with EU rules against...
Oil retreats as investors’ focus on Ukraine, US fuel supplies
[HOUSTON] Oil prices fell on Thursday as investors focused on Russia-Ukraine peace talks and eyed large surpluses in US petrol and diesel inventories.
Consumers want fast and cheap delivery. What does that mean for Singapore's parcel delivery workers?
Plummeting pay rates and harsh penalties are driving last-mile delivery workers out of the industry, even as e-commerce demand continues to surge.
European markets end higher as investors cheer Fed cut; SNB holds rate
EUROPEAN shares closed higher on Thursday after a series of lukewarm sessions, as investors welcomed the US Federal Reserve’s overnight interest rate cut...
US stocks: Dow, S&P 500 post record closes; Oracle drags on Nasdaq
THE S&P 500 and the Dow boasted record closing highs on Thursday as investors favoured financial stocks after a Federal Reserve policy update that...
Broadcom sees dip in quarterly margins due to AI, shares fall
Dec 11 : Broadcom projected first-quarter revenue above Wall Street estimates on Thursday, but said that margins would fall due to a higher mix of AI revenue, and shares fell 5 per cent in extended trading.Broadcom has jumped into the AI chip business, which has investors nervous about the profitabi ...
Broadcom forecasts upbeat quarterly revenue on AI chip demand
Dec 11 : Broadcom on Thursday projected first-quarter revenue above Wall Street estimates, betting that sustained, robust demand for its specialized artificial intelligence chips would power another year of growth and help quell investor worries of a spending slowdown.Shares of the Palo Alto, Califo ...
US dollar sags as Fed outlook undermines; Swiss franc gets SNB lift
NEW YORK/LONDON, Dec 11 : The U.S. dollar stumbled on Thursday, hitting multi-month lows against the euro, Swiss franc, and sterling and extending losses from the previous session, after the Federal Reserve delivered a less hawkish outlook than some had expected.The Swiss franc drew support from the ...
Key barrier to online fraud can be bypassed for pennies, say researchers
WASHINGTON, Dec 11 : A central barrier to the creation of bogus social media accounts can be bypassed for as little as a few cents at a time, researchers at the University of Cambridge determined, a sign of just how low the barriers are to online disinformation efforts.Digital platforms have a varie ...
Fortnite returns to Google Play in US after court order
Dec 11 : Epic Games' popular battle royale title Fortnite is back on the Google Play Store in the United States after Google complied with a U.S. District Court injunction, the company said on Thursday.Epic added that it is working with Google to seek court approval of a settlement reached betw ...
Apple wins partial reversal of sanctions in Epic Games antitrust lawsuit
WASHINGTON, Dec 11 : Apple on Thursday persuaded a U.S. appeals court to reverse parts of a court order requiring the iPhone maker to make changes to its lucrative App Store to promote greater competition, but lost its bid to overturn a sweeping injunction.The San Francisco-based 9th U.S. Circuit Co ...
US appeals court partly reverses sanctions against Apple in Epic Games antitrust lawsuit
WASHINGTON, Dec 11 : Apple on Thursday persuaded a U.S. appeals court to reverse parts of a court order requiring the iPhone maker to make some changes to its lucrative App Store to promote greater competition, while losing its effort to overturn a sweeping injunction.The ruling by the San Francisco ...
Explainer-What are credit default swaps and why are investors watching Oracle's?
LONDON, Dec 11 : The cost of insuring Oracle's debt against the risk of default has shot up after its latest earnings reignited worries about how much the broader corporate sector is spending on AI and the borrowing surge to fund it.A growing debt pile, at just over $100 billion, means Oracle h ...
What are credit default swaps and why are investors watching Oracle's?
LONDON, Dec 11 : The cost of insuring Oracle's debt against the risk of default has shot up after its latest earnings reignited worries about how much the broader corporate sector is spending on AI and the borrowing surge to fund it.A growing debt pile, at just over $100 billion, means Oracle h ...
OpenAI launches GPT-5.2 AI model with improved capabilities
Dec 11 : OpenAI on Thursday launched its GPT-5.2 artificial intelligence model, touting improvements in general intelligence, coding and long-context understanding, the company said in a statement.The new model is expected to bring even more economic value for users, as it is better at creating spre ...
OpenAI launches GPT-5.2 after 'code red' push to counter Google's Gemini 3
OpenAI on Thursday (Dec 11) launched its GPT-5.2 artificial intelligence (AI) model, after CEO Sam Altman reportedly issued an internal "code red" in early December pausing non‑core projects and redirecting teams to accelerate development in response to Google's Gemini 3.GPT-5.2 c ...
Exclusive-Google faces EU fine next year for favouring own services, sources say
BRUSSELS, Dec 11 : Alphabet's Google is expected to be fined by EU antitrust regulators next year for not doing enough to comply with EU rules against favouring its own services and products in search results, people familiar with the matter said.A penalty against Google will likely rile the Un ...
Rivian debuts custom self-driving chip, $2,500 driver-assistance package
PALO ALTO, Dec 11 : Rivian Automotive on Thursday unveiled its first custom computer chip for self-driving, shifting away from Nvidia's processors, and a new paid driver-assistance package called Autonomy+, as the electric-vehicle maker leans on artificial intelligence to boost revenue.The anno ...
Thailand set for early elections as King endorses PM Anutin’s move to dissolve parliament
King Maha Vajiralongkorn has endorsed the decree
Thai PM moves to dissolve parliament, setting stage for elections
King Maha Vajiralongkorn has endorsed the decree
Thai PM Anutin says he will return ‘power to the people’, setting stage for vote
He has submitted a request for the dissolution of parliament to Thailand’s King, according to a government source
OpenAI sued for allegedly enabling murder-suicide
Dec 11 : OpenAI and its largest financial backer, Microsoft, were sued in California state court on Thursday over claims that OpenAI's popular chatbot ChatGPT encouraged a mentally ill man to kill his mother and himself.The lawsuit said that ChatGPT fueled 56-year-old Stein-Erik Soelberg' ...
Satcoms shoot for a higher orbit
Felicia Tan - Valuations of US space companies may have hit stratospheric levels, but the fortunes of local satcom companies is tracking mixed growth trajectories. Elon Musk, widely recognised as the chief executive of electric vehicle (EV) maker Tesla, is also the founder and CEO of the aerospace company SpaceX. ...
Oracle shares drop the most since 2001 on mounting AI spending
The stock has already lost about a third of its value through Wednesday’s close since a record high on Sep 10
J.P. Morgan harnesses blockchain for debt issuance amid digital asset adoption boost
Dec 11 : J.P. Morgan said on Thursday that it issued a U.S. commercial paper for Galaxy Digital Holdings on the Solana blockchain, marking an important step in the broader institutional adoption of digital assets. Cryptocurrency exchange Coinbase Global and investment management firm Franklin Temple ...
Disney invests US$1 billion in OpenAI, strikes licensing deal
The company to tap OpenAI tools for new products and experiences, and to roll out ChatGPT to staff
S&P 500, Nasdaq opens lower on Oracle AI spending jitters
[NEW YORK] The S&P 500 and the Nasdaq opened lower on Thursday (Dec 11) as fresh worries over Oracle’s hefty AI spending...
SLB, Shell partner to develop AI-powered solutions for energy industry
Dec 11 : SLB said on Thursday that it was partnering with Shell to develop digital and artificial intelligence tools aimed at improving performance and efficiency across upstream operations.Shell and SLB will develop agentic AI-powered solutions designed to enhance the capabilities of technical expe ...
Disney sends cease-and-desist letter to Google, CNBC reports
Dec 11 : Walt Disney has sent a cease-and-desist letter to Alphabet's Google, CNBC reported on Thursday.
Cost of insuring Oracle debt against default surges
LONDON, Dec 11 : The cost of insuring Oracle debt against default surged on Thursday to its highest in at least five years, after the company's results missed forecasts, reigniting investor concern about its massive borrowing to fund its push into AI.The company's five-year credit default ...
Disney to invest $1 billion in OpenAI, license characters for Sora AI tool
Dec 11 : Walt Disney is investing $1 billion in OpenAI and will let the startup use characters from Star Wars, Pixar and Marvel franchises in its Sora AI video and image generator, a crucial deal that could reshape how Hollywood makes content.The partnership announced on Thursday is a pivotal step i ...
