14 hours ago
‘Take responsibility’: UK PM Starmer tells social media firms on online safety
Australia last year became the first country to ban social media for children under 16
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
14 hours ago
IMF says Bank of Japan can see through inflationary shock from Iran war
[WASHINGTON] The Bank of Japan can see through inflationary pressures from the war in the Middle East as any second-round effects on...
14 hours ago
War’s impact on firms goes beyond energy costs: Fed’s Beige Book
A growing number of officials are concerned the war could fuel inflation
14 hours ago
Australia says refinery fire may hit petrol production more than diesel, jet fuel
The refinery supplies more than 50 per cent of Victoria’s fuel and 10 per cent of Australia’s
14 hours ago
Spirit Airlines at risk of facing liquidation as fuel costs bite
Airlines broadly are grappling with higher jet fuel prices due to the US-Iran war
15 hours ago
Oil fluctuates on prospect of fresh peace talks with Hormuz shut
Heightened export demand pushed total oil and fuel exports to the highest level ever, said EIA
15 hours ago
Commentary: Inflation rears its ugly head again amid Iran war – how bad could it get?
Singapore’s revised inflation forecasts remain at a reasonably manageable level, but the outlook is still far from clear, says ANZ’s Khoon Goh.
15 hours ago
Commentary: Anthropic’s ‘too dangerous to release’ Mythos AI model is a wake-up call for everyone
Advances in AI mean the window of time between published IT flaws and their exploitation has effectively vanished, says Parmy Olson for Bloomberg Opinion.
15 hours ago
European equities dip as investors track Mideast updates, corporate earnings
EUROPEAN shares slipped on Wednesday as the evolving situation in the Middle East kept investors cautious, while they also assessed a range of...
15 hours ago
US stocks: S&P 500, Nasdaq push to closing records on optimism around Middle East talks, earnings
THE benchmark S&P 500 and tech-heavy Nasdaq Composite rallied to record closing highs on Wednesday as investors were encouraged by corporate earnings...
15 hours ago
'Take responsibility': UK PM Starmer tells social media firms on online safety
LONDON, April 15 : British Prime Minister Keir Starmer has called on social media companies to "step up and take responsibility" over children's online safety, ahead of a Thursday meeting with executives from Meta, Snap, Google, TikTok and X.Starmer's government has ramped up scr ...
18 hours ago
Trump-backed World Liberty Financial's early investors won’t be able to fully cash out until after Trump’s term
NEW YORK, April 15 : World Liberty Financial, the crypto venture co-founded by President Trump and his sons, released a new proposal Wednesday that would prevent early investors from trading tokens – 80 per cent of their holdings are currently locked by the firm – for two years, followed by an a ...
18 hours ago
BoE's Bailey says progress on global stablecoin standards has slowed
WASHINGTON, April 15 : Bank of England Governor Andrew Bailey said on Wednesday that progress on establishing international standards for so-called stablecoins, cryptoassets which are pegged to a fiat currency such as the dollar, had slowed over the last year.Bailey, who also chairs the Financial St ...
20 hours ago
Cadence, Nvidia working together on developing AI for robotics
SANTA CLARA, California, April 15 : Cadence Design Systems and Nvidia are partnering to further the development of artificial intelligence for robots, the CEOs of the two companies said on Wednesday.Cadence, which is one of the major suppliers of the software used in designing advanced computing chi ...
20 hours ago
Wall Street banks cut more than 5,000 jobs even as they notch record profits
The banks’ willingness to trim headcount shows they are eyeing AI to help them do more with less
21 hours ago
StarHub hands Ensign InfoSecurity control back to Temasek in S$115 million deal, books S$200 million gain
Tessa Oh - The telco is partially monetising its investment in the joint venture while freeing up capital for redeployment
21 hours ago
ECB to quiz bankers about risks of Anthropic's new AI model, source says
FRANKFURT, April 15 : European Central Bank supervisors are set to quiz bankers about the risks that Anthropic's new artificial intelligence model might supercharge cyberattacks, one source familiar with the situation told Reuters on Wednesday.Anthropic's Mythos is seen by cybersecurity ex ...
21 hours ago
ECB to quiz bankers about new Anthropic model risks, source says
FRANKFURT, April 15 : European Central Bank supervisors are set to quiz bankers about the risks posed by Anthropic's new artificial intelligence model that might supercharge cyberattacks, one source familiar with the situation told Reuters on Wednesday.Anthropic's Mythos is seen by cyberse ...
21 hours ago
Allbirds shares jump over 400% on plans to pivot to AI from sneakers
April 15 : Shares of Allbirds surged more than five-fold on Wednesday after the footwear maker said it was raising capital and pivoting towards AI computing infrastructure. The San Francisco, California-based company said that it would execute a $50 million convertible financing agreement with an in ...
21 hours ago
Allbirds shares jump over 500% on plans to pivot to AI from sneakers
Shares of Allbirds surged more than six-fold on Wednesday (Apr 15) after the footwear maker said it was raising capital and pivoting towards artificial intelligence computing infrastructure.The San Francisco-based company said that it would execute a US$50 million convertible financing agreement wit ...
21 hours ago
CATL earmarks 30 billion yuan for critical minerals security as Q1 profits surge 49%
The board approves new unit to act as investment and ops platform for the new-energy mining sector
21 hours ago
Big ad agencies settle US FTC probe into alleged boycott over political content
April 15 : Three large advertising agencies settled a U.S. Federal Trade Commission probe accusing them of violating antitrust law by conspiring to boycott online media platforms based on political content they didn't like, the agency said on Wednesday.Investigators accused Dentsu, Publicis and ...
22 hours ago
Sen Yue gets SGX nod to delist as privatisation offer closes at 97.73%
Tessa Oh - Its delisting date will be announced two business days before it takes effect
22 hours ago
Diverse AI solutions clinch top honours at Design AI and Tech Awards
Benicia Tan - The finalists spanned sectors from the public service to marketing and financial services
22 hours ago
SIA Group flies record 42.4 million passengers in last financial year, March traffic surges
In March, SIA Group's passenger traffic growth outpaced its passenger capacity increase.
22 hours ago
Singapore tells US it has no forced labour in supply chains, pushes back on overcapacity claims
Tessa Oh - Any trade surplus the city-state runs with other nations is a ‘market-driven’ outcome, says MTI
22 hours ago
Snap to cut 1,000 jobs after activist pressure, bets on AI efficiency
The firm expects to cut over US$500m in annual expenses by year’s second half through these layoffs
23 hours ago
Wall Street opens higher with earnings in focus
[NEW YORK] Wall Street’s main indexes opened higher on Wednesday (Apr 15) as investors assessed the latest developments in the Middle East...
23 hours ago
UK financial watchdog to consult on proposed crypto regulations
April 15 : Britain's financial regulator said on Wednesday it was consulting on how firms might be affected by the regulation of the crypto industry which is due to come into effect by October 2027. Under the consultation, the Financial Conduct Authority (FCA) is seeking feedback on proposed re ...
23 hours ago
Innotek raises $16 mil via placement from investors including Amova, Asdew, Avanda
The Edge Singapore - InnoTek has raised gross proceeds of $16 million via a recent placement at 65.06 cents each. Several of the investors who took up the 24.6 million shares are the usual suspects. They include Amova Asset Management, Areca Capital, Asdew Acquisitions, Avanda Investment Management, Ginko-AGT Global Gro ...
24 hours ago
EU warns Meta WhatsApp AI fee breaches antitrust rules, orders rollback
BRUSSELS, April 15 : The European Commission said on Wednesday it intended to order Meta Platforms to reinstate rival artificial intelligence assistants on its WhatsApp messaging service after the U.S. tech giant imposed an access fee."The Commission notified Meta that the revised policy seems ...
24 hours ago
EU targets Meta with possible interim measures over WhatsApp AI rival ban
BRUSSELS, April 15 : The European Commission said on Wednesday it intended to impose interim measures on Meta Platforms after the U.S. tech giant moved to reinstate artificial intelligence assistants from rivals on its WhatsApp messaging service for a fee."The Commission notified Meta that the ...
24 hours ago
Adobe releases AI assistant for creative tools, says it will work with Anthropic's Claude
24 hours ago
Trump says will fire Fed chair if he stays beyond mandate
Jerome Powell's term at the helm of the Fed ends in mid-May.