Australia rolls out AI roadmap, steps back from tougher rules
SYDNEY, Dec 2 : Australia on Tuesday unveiled a roadmap to ramp up the adoption of artificial intelligence across its economy but said it would rely on existing laws to manage emerging risks, stepping back from earlier plans for tougher rules on high-risk scenarios.Australia currently has no specifi ...
US moves to deepen minerals supply chain in AI race with China
The Asian nation is home to more than 90% of global rare earths and permanent magnets refining capacity
Stocks to watch: UOB, Nio, Sanli
Deon Loke - [SINGAPORE] The following companies saw new developments that may affect trading of their securities on Tuesday (Dec 2):
Warner Bros gets mostly cash Netflix offer in new round of bids
However, the company has not described the latest offers as final
UOB prices £750 million floating rate covered bonds due 2029
Deon Loke - They are expected to be listed on the Singapore Exchange on Dec 8
US Cyber Monday online sales hit $9.1 billion, Adobe Analytics says
Dec 1 : U.S. shoppers spent $9.1 billion online on Cyber Monday, Adobe Analytics said, capping a strong Black Friday weekend marked by splurges from wealthier consumers and deal-hunting by lower-income households.Online spending was up 4.5 per cent year-over-year through 6:30 p.m. ET (2330 GMT), acc ...
Singapore’s YouTrip enters Australian market
Deon Loke - It will be the fintech’s third market, after Singapore and Thailand
Shein probed by Texas attorney general over labour practices, product safety
The company is headquartered in Singapore but sources most of its products from China, where it has several thousand suppliers
Apple names Amar Subramanya new VP of AI, replacing John Giannandrea
Dec 1 : Apple on Monday named veteran researcher Amar Subramanya as its vice president of AI, replacing John Giannandrea.Apple — a laggard in the AI race — has been slow to add AI features to its products in comparison to rivals such as Samsung Electronics, which have been quicker to refresh the ...
South Korea headline inflation at 2.4% y/y, bolstering case for rate pause
SEOUL, Dec 2 : South Korea's consumer prices rose 2.4 per cent in November from a year earlier, driven by higher food and services costs, bolstering the case for the Bank of Korea to maintain interest rates at the current level for longer. The consumer price index was roughly in line with media ...
Concerns about AI bubble overblown as Chinese tech giants step up race against US players: analysts
Chloe Lim - South-east Asian players, on the other hand, are likely to display more promise as AI adopters
Manufacturing weakens in Europe, Asia on faltering demand and tariff uncertainties
Factory activity contracted for the ninth straight month in the US amid slumping orders and higher prices for inputs
After the leeway provided in 2025, will 2026 be the time to tighten belts?
Janice Heng - Government goodies and low inflation helped to support spending power this year. Next year does not promise the same
Financing Asia’s green future: How UK-Singapore partnership is driving the transition
Blended finance is central to this strategy
Why AI is now embedded ‘in almost everything we do’: OCBC’s Praveen Raina
Renald Yeo - The bank is investing in talent and expanding research partnerships with universities
Popiah King’s new Tee Yih Jia factory has one of Asia’s largest, fully automated warehouses
Tay Peck Gek - The S$500 million facility has a solar panel system that generates enough power for about 315 four-room HDB flats for a year
Global Cyber Monday online sales hit $17.3 billion, Salesforce data shows
Dec 1 : Shoppers spent $17.3 billion online on Cyber Monday, Salesforce data showed, capping the Black Friday weekend.Global online sales were up 5.3 per cent through 12 p.m. ET (1700 GMT), according to the data firm. It expects online spending to rise 6 per cent to $52.7 billion by the day's e ...
Amazon to deliver essentials, groceries in 30 minutes in parts of Seattle, Philadelphia
Dec 1 : Amazon.com said on Monday it is testing ultra-fast delivery of household essentials and fresh groceries in parts of Seattle and Philadelphia, as the company doubles down on efforts to grow its domestic footprint.The service, called "Amazon Now", will deliver items including milk, e ...
Oil climbs over US$1 a barrel on Opec action, Ukraine attack
Concerns about a possible conflict between the United States and Venezuela run far behind the focus on the war in Ukraine
Commentary: India’s quiet deregulation is a relief to its friends
India's protectionist regulations are exhausting for its trade partners. It’s both a surprise and a relief that some are now being rolled back, says Mihir Sharma for Bloomberg Opinion.
Wall Street ends lower as yields climb; crypto stocks drop
Markets have largely priced in a rate cut from the Fed at the conclusion of its two-day policy meeting on Dec 10
European shares kick off December on negative note; Airbus slides
Most major regional bourses were also lower
OpenAI takes stake in Thrive Holdings in latest enterprise AI push
Dec 1 : ChatGPT-maker OpenAI has taken a stake in Thrive Holdings as part of a partnership to embed artificial intelligence into traditional industries such as accounting and IT services, the companies said on Monday.OpenAI will work with Thrive's industry specialists to integrate its technolog ...
OpenAI buys stake in Thrive Holdings to push AI into accounting, IT services
Dec 1 : ChatGPT-maker OpenAI has taken a stake in private equity firm Thrive Holdings as part of a partnership to embed artificial intelligence into traditional industries such as accounting and IT services, the companies said on Monday.OpenAI will work with Thrive's engineers and industry spec ...
Shopify resolves login issues that impacted thousands of users on Cyber Monday
Dec 1 : Shopify said it had fixed certain issues related to logging in to the online shopping platform that impacted thousands of customers and several small businesses on Cyber Monday.The outages peaked around 11 a.m. ET with around 4,000 outages reported. About 128 users reported problems at 2:40 ...
Shopify down for thousands of users on Cyber Monday
Dec 1 : Thousands of Shopify users encountered issues related to logging in on the online shopping platform, impacting customers and several small businesses on Cyber Monday.The platform is investigating an issue that peaked around 11 AM, with users reporting problems, as reported by the outages tra ...
Nippon Steel sees US Steel weak performance as temporary, executive says
TOKYO, Dec 2 : Nippon Steel sees the weak performance at its newly acquired U.S. Steel unit as temporary and remains committed to investing $11 billion to boost its profit contribution to around 250 billion yen ($1.6 billion) by 2028, an executive said.Japan's biggest steelmaker closed its $14. ...
Nvidia releases open-source software for self-driving car development
(Corrects title of Nvidia executive in last paragraph)By Stephen NellisSAN FRANCISCO, Dec 1 : Nvidia on Monday released new open-source software aimed at speeding up the development of self-driving cars using some of the newest "reasoning" techniques in artificial intelligence.Nvidia has r ...
Texas attorney general investigates Shein over labor practices, product safety
Dec 1 - Texas Attorney General Ken Paxton said on Monday he is investigating Shein, to determine whether the Chinese fast fashion retailer violated state law related to unethical labor practices and the sale of unsafe consumer products.
Dollar eases versus yen as BOJ hints at rate hike
NEW YORK, Dec 1 : The dollar slipped against the Japanese yen on Monday following Bank of Japan Governor Kazuo Ueda's strongest indication to date that a December interest rate increase could be under consideration, providing support to the embattled yen.Meanwhile, mounting expectations for a D ...
Dollar falls vs yen as BOJ hints at rate hike
NEW YORK, Dec 1 : The dollar weakened against the Japanese yen on Monday following Bank of Japan Governor Kazuo Ueda's strongest indication to date that a December interest rate increase could be under consideration, providing support to the embattled yen.Meanwhile, mounting expectations for a ...
Swiss, German authorities shut down cryptomixer.io in money laundering crackdown
FRANKFURT, Dec 1 : A group of Swiss and German law enforcement agencies said on Monday they shut down cryptomixer.io, one of the largest platforms to cover up the tracks of bitcoin transfers from illegal activities.Germany's federal investigation agency BKA said in a statement it worked with r ...
JPMorgan doubles Swiss business by targeting wealthy clients
The bank has boosted staff in Zurich and Geneva by 30% this year
Raffles Education sells 51 Merchant Road for $121.8 mil, to book $53 mil gain
The Edge Singapore - Raffles Education has finally sold its property at 51 Merchant Road for $121.8 million, below its market valuation of $152.7 million. Nonetheless, this deal will still allow the company to recognise net proceeds of $121.3 million, plus a gain on disposal of some $53 million, given that the property ...
