Analysis:UAE exit weakens OPEC+ power over oil market but group to stay together, sources say
LONDON, April 28 : OPEC and its allies will lose some of their power over the oil market when the United Arab Emirates leaves the group on May 1, but the rest of the producer alliance is likely to stick together and continue to coordinate on oil supply policy, OPEC+ delegates and analysts said on Tu ...
Trump administration fires entire National Science Board
WASHINGTON, April 27 : President Donald Trump's administration has terminated the entire National Science Board of more than 20 members, two fired members of the board said on Monday.Here are some details:• The independent board was established in 1950 to guide the governance of the National ...
T-Mobile lifts annual forecast for account additions after upbeat quarterly results
April 28 : T-Mobile raised its forecast for annual postpaid net account additions on Tuesday, as competitive pricing and bundled streaming benefits help the U.S. wireless carrier attract customers in a saturated market.The company expects to add between 950,000 and 1.05 million postpaid accounts in ...
OpenAI's latest AI models, Codex now available on Amazon Bedrock
April 28 : OpenAI is now offering its latest AI models and its Codex coding agent on Amazon's cloud services platform, the companies said on Tuesday, a day after the ChatGPT creator loosened its ties with long-time backer Microsoft.OpenAI is also rolling out a service for developers to build an ...
EU rules reining in Big Tech will now target cloud services and AI, regulators say
BRUSSELS, April 28 : The European Union plans to turn the focus of its landmark rules curbing the power of Big Tech to cloud and artificial intelligence services, aiming to promote fairer competition after seeing positive results in other digital areas, EU regulators said.The EU Commission's Di ...
Worldline completes divestments, revenues beat expectations
April 28 : European digital payment service group Worldline on Tuesday reported quarterly revenues which slightly beat market expectations and said it had completed its divestment scheme with the sale of a 51 per cent stake in its Australian payment business.The divestment programme was aimed at sli ...
Oil prices rise with eyes on UAE, AI concerns weigh on stocks
NEW YORK, April 28 : Stocks fell and oil prices rose on Tuesday as investors assessed the stalemate in the Iran conflict and news the United Arab Emirates was cutting ties with OPEC, while concerns the AI boom was losing momentum weighed on equity markets.U.S. bond prices also slid, with yields up o ...
Oil prices rise with eyes on Iran, UAE; AI concerns weigh on stocks
NEW YORK, April 28 : Oil prices rose on Tuesday as investors assessed the stalemate in the Iran conflict and news that the United Arab Emirates was cutting ties with OPEC, while concerns that the AI boom was losing momentum weighed on equity markets.U.S. bond prices also slid, with yields up on conc ...
Amazon targets mass hiring with agentic software, goal to humanize AI
SAN FRANCISCO, April 28 : Amazon, which hires hundreds of thousands of workers every year for the holiday rush, on Tuesday introduced new software meant to speed up the process by excising a sizable chunk of the human element: the face-to-face job interview.The Seattle-based firm also outlined its n ...
US lawmakers take on AI chatbots, fraud in new bills
April 28 : Members of Congress from both major U.S. political parties joined to propose new legislation this week related to artificial intelligence, as they aimed to tackle safety concerns without blocking innovation.Some Republicans and Democrats are moving to regulate AI amid concerns about the t ...
UPS posts lower Q1 profit as it scales down Amazon deliveries
The parcel giant has been shifting its focus to higher-margin shipments to support profitability and control costs
World Bank forecasts 24% surge in energy prices in 2026 due to Middle East war
Commodity prices could rise even further if hostilities in the region escalated
Mencast and Salt Investments to jointly tackle marine waste
The Edge Singapore - Mencast Holdings and Salt Investments are collaborating to manage marine waste. The two companies, via their respective subsidiary units, will jointly collaborate in collecting, receiving, treating, and responsibly processing marine oily waste, slops and sludge generated by marine vessels. The two p ...
US signs energy and AI deals with Balkan countries as its influence widens
DUBROVNIK, Croatia, April 28 : The United States and U.S. companies signed deals worth billions of dollars with Balkan countries on Tuesday, boosting Washington's energy presence in the region and backing AI development.The U.S. is seeking to deepen ties and counter the influence of Russian oil ...
Mapletree Industrial Trust Q4 DPU falls 8%
Benicia Tan - Distribution per unit for FY2026 totals S$0.1271, down from S$0.1357 a year earlier
T-Mobile deepens broadband push with new fiber joint ventures
April 28 : T-Mobile said on Tuesday it signed deals to form two joint ventures with Oak Hill Capital and Wren House, expanding its fiber internet business to complement its fast-growing broadband and core wireless base.• T-Mobile and Oak Hill will form a joint venture to combine two of the private ...
Nasdaq opens lower as fresh concerns around AI pressure tech stocks
[NEW YORK] The Nasdaq Composite opened lower on Tuesday (Apr 28), underperforming the benchmark S&P 500 and the blue-chip Dow, as investors...
Mapletree Industrial Trust reports FY2026 DPU of 12.71 cents, 6.3% lower y-o-y
Teo Zheng Long - Mapletree Industrial Trust (MINT) (SGX: ME8U ) has reported a distribution per unit (DPU) of 12.71 cents for FY2026, ended March 31, 2026, 6.3% lower y-o-y. Gross revenue and net property income (NPI) in the same period were down by 5.5% and 5.9% y-o-y to $673.0 million and $500.4 million respective ...
New AI partnership to propel INEOS Grenadiers back to top, team hopes
LONDON, April 28 : INEOS Grenadiers cycling team will embark on a new chapter with AI at the heart of its quest for Grand Tour victories after signing a five-year partnership with Danish technology firm Netcompany, the British outfit announced on Tuesday.The re-brand will be launched at next week� ...
Oil prices trim gains after UAE exits OPEC, OPEC+
LONDON: Oil prices rose more than 3 per cent on Tuesday (Apr 28) as stalled efforts to end the Iran war kept the Strait of Hormuz largely closed, constraining Middle East supplies, though the UAE's announcement that it would l
Standard Chartered, BlackRock, OKX launch collateral framework for tokenised Treasury fund
April 28 : Standard Chartered announced on Tuesday the launch of a new framework that permits institutional clients to use BlackRock's tokenised short-term U.S. Treasury fund as collateral on the crypto trading platform OKX.Here are some details:• The lender has partnered with BlackRock and O ...
BYD’s quarterly profit slides fastest in six years as China sales falter
Its earnings fall 55.4% from the year before to 4.1 billion yuan
GM lifts profit outlook as US truck sales boost first quarter
It reported earnings before interest and taxes of US$4.3 billion, or US$3.70 per share
Greece's Methana shows volcanoes can slumber a long time before reawakening
April 28 : For people living in communities in the shadow of a volcano, a long silence may give the impression that the geological beast is not merely sleeping but has gone extinct. But, as research detailing the life history of one in Greece shows, a volcano can slumber for more than 100,000 years ...
Global regulators trail banks in AI as Mythos raises oversight concerns, report finds
LONDON, April 28 : The ability of central banks and financial regulators to monitor and combat the risks posed by powerful artificial intelligence models such as Anthropic’s Mythos has been called into question after a survey found authorities significantly lag financial firms in AI adoption and l ...
UAE to leave Opec and Opec+ in major blow to global oil producers’ group amid Iran conflict
Move comes after the UAE criticises fellow Arab states for not doing enough to protect it from numerous Iranian attacks during the...
UAE leaves Opec and Opec+ in major blow to global oil producers’ group
This comes at a time when the Iran war has caused a historic energy shock and unsettled the global economy
Corning faces weakness in non‑optical segments as data-center business booms
April 28 : Corning forecast second-quarter revenue below Wall Street estimates on Tuesday, as weakness in non-optical segments continues to pressure business despite strong demand for data center products. Shares of the gorilla glass maker fell more than 5 per cent in early trading.Slower replacemen ...
Corning faces consumer electronics drag even as data-center business booms
April 28 : Corning forecast second-quarter revenue below Wall Street estimates on Tuesday, as weakness in the consumer electronics market continues to pressure business despite strong demand for data center products.Shares of the Gorilla Glass maker fell more than 10 per cent in premarket trading.Sl ...
T-Mobile rolls out broadband with Starlink backup to expand business customer base
April 28 : T-Mobile on Tuesday launched a new internet offering for businesses, combining its 5G network with Starlink's satellite backup to serve companies operating in remote locations.The offering comes as the telecom operator ramps up efforts to expand its enterprise customer base amid inte ...
Micro-Mechanics reports 18.8% y-o-y increase in net profit for 3QFY2026
Teo Zheng Long - Micro-Mechanics (SGX: 5DD ) has reported a net profit of $3.8 million for 3QFY2026 ended March 31, up 18.8% y-o-y. Revenue in the same period increased 16.2% y-o-y to $18.6 million, mainly driven by the consumable tools segment, where revenue increased 20.9% y-o-y to $14.4 million. Meanwhile, wafer ...
Airline body chief flags concern for jet fuel shortage in peak summer period
GENEVA, April 28 : The jet fuel crisis tied to the war in Iran could hit Asia hardest first as a shortage during the peak summer period in the northern hemisphere becomes a growing concern, the head of the International Air Transport Association said on Tuesday.The crisis would then impact Europe ...
Singapore turns to satellites, AI and robotics to bolster public safety
Nurdianah Md Nur - Singapore is expanding its use of advanced technologies in public safety, with the Home Team Science and Technology Agency (HTX) outlining plans ranging from satellite-based monitoring to continuous upgrades of frontline systems. At the Milipol TechX Summit earlier today, HTX signed two agreements w ...
GoTo posts first-ever net income after cost cuts bear fruit
Fintech growth outpaces on-demand services as high oil prices curb commuting and food delivery demand
