'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 ...
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 ...
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 ...
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 ...
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
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
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 ...
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 ...
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 ...
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 ...
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
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 ...
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
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
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.
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
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
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...
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 ...
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 ...
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 ...
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 ...
Adobe releases AI assistant for creative tools, says it will work with Anthropic's Claude
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.
Jane Street signs $6 billion AI cloud deal with CoreWeave, boosts stake
April 15 : Trading firm Jane Street has committed about $6 billion for CoreWeave's cloud services, marking the third multi-billion-dollar deal for the Nvidia-backed neocloud company in a week and underscoring surging demand for computing capacity as AI use rises.Jane Street also made a $1 billi ...
ASML lifts 2026 forecast as surging AI chip demand boosts new orders
The firm’s revenue will now be between 36 billion and 40 billion euros in 2026
Stellantis eyes Dongfeng carmaking deal in Europe, China
Stellantis may share European plants with Dongfeng in exchange for China-based production
AI deployment has ‘stalled’ for most Asia companies: report
Koh Kim Xuan - Only 1% of firms have fully embedded artificial intelligence in their businesses
Trump backs government AI safeguards in banking system, acknowledges risks
WASHINGTON, April 15 : U.S. President Donald Trump acknowledged the risks artificial intelligence posed to the banking system and said there should be government safeguards, but also believed the technology could make the banking system better and safer, according to an interview broadcast on Wednes ...
iX Biopharma’s Lee and wife Tang sell 13 mil shares on two different occasions
Teo Zheng Long - Eddy Lee Yip Hang, executive chairman of iX Biopharma (SGX: 42C ) , and his wife, Jane Tang Choy Leng, sold 13 million shares in the company on April 10 and April 13. On April 10, Lee sold 10 million shares via married deal for a total consideration of $2.6 million. This translates to an average pri ...
Italy's curbs on Chinese investor allow Pirelli full access to US market, minister says
MILAN, April 15 : Curbs set by Italy's government to limit Chinese shareholder influence over Pirelli will allow the tyre maker to compete in the U.S. market, industry minister Adolfo Urso was quoted as saying on Wednesday by news agency ANSA.Among terms set last week by Rome under golden power ...
Yangzijiang spins off new unit to operate vessel delivery and repair in Nantong
Tessa Oh - The new subsidiary has a registered capital of US$100 million, funded through the group’s internal resources
Bank of America profit rises as trading shines
Sales and trading revenue rose 13% to US$6.4 billion in the first quarter
Robots, drones could slash global food delivery costs to $1 per order, Barclays says
April 15 : Autonomous food delivery robots and drones could cut costs by several dollars to as low as $1 per order, a shift that could unlock billions of dollars in profits for the global food delivery industry, Barclays said on Wednesday. Global platforms such as DoorDash are partnering with autono ...
