Indonesian forestry firms move from ‘doing no harm’ to ‘doing more good’
Jovi Ho - Two major players in Indonesia’s paper and pulp industry have announced conservation and restoration campaigns just two days apart. But with increasing scrutiny on the forestry sector and countries’ national climate targets, it remains to be seen how their commitments will play out in the coming ...
‘Good riddance’: Fed clash over scrapping climate risk guidance
RUMBLING discontent over the US Federal Reserve’s guidance on climate change policies spilled into the open on Thursday, when the central bank...
Meta set to clinch nearly $30 billion financing deal for Louisiana data center site, Bloomberg News reports
Meta Platforms was set to seal an almost $30 billion finance package for its data center site in rural Louisiana, which would be the largest private capital deal on record, Bloomberg News reported on Thursday.Large-scale cloud service providers, called hyperscalers, have been racing to build AI infr ...
Spain probing Mango founder’s death as homicide: media
SPANISH police are investigating the sudden death of the Mango clothing empire’s founder Isak Andic as a possible homicide, with his son...
When ‘buying the dip’ pays off – and when it doesn’t
Renald Yeo - [SINGAPORE] Over coffee, a colleague beamed as he announced that his US equities portfolio had chalked up an impressive 35 per cent...
At least 4 in 5 tech talents could face limited opportunities as job market cools
Young Zhan Heng - However, the lower demand for traditional tech jobs contrasts a surge in demand for talent with AI skills
Bank of Japan chief signals need for more data in deciding October move
[WASHINGTON] Bank of Japan Governor Kazuo Ueda said on Thursday the central bank will scrutinise various data, including information he collects during his stay...
Europe: French stocks jump to seven-month high after government survives confidence vote
FRENCH stocks rose to a seven-month high on Thursday after the government survived a confidence vote, while a jump in Nestle buoyed...
Oil drops 1%, settles at 5-month lows as Trump-Putin summit looms
[NEW YORK] Oil prices fell more than 1 per cent on Thursday after US President Donald Trump said he and Russian President Vladimir Putin...
US: Stocks pulled lower by financials; gold hits record highs
[NEW YORK] Wall Street stocks ended lower while gold prices surged on Thursday as declining financial shares and simmering trade tensions between the United...
Commentary: Smart glasses shouldn’t be the next smartphones
Tech giants are trying to convince us that a screen glued to our eyes is liberation, not intrusion, says Catherine Thorbecke for Bloomberg Opinion.
New York approves power line for Micron’s $100 billion semiconductor plant
A new underground transmission line was approved by the New York State Public Service Commission linking an existing Clay substation with Micron Technology's proposed semiconductor megafab facility in Onondaga County, Governor Kathy Hochul announced on Thursday. The two-mile, 345-kilovolt line ...
Salesforce sued by authors over artificial intelligence software
Cloud-computing firm Salesforce was hit with a proposed class action lawsuit by two authors who alleged the company used thousands of books without permission to train its artificial intelligence software. Novelists Molly Tanzer and Jennifer Gilmore said in the complaint filed on Wednesday that Sal ...
Scientists move closer to confirming existence of dark matter
WASHINGTON :Scientists may be coming closer to confirming the existence of dark matter - the invisible stuff thought to make up more than a quarter of the cosmos - as they study a diffuse glow of gamma rays near the center of our galaxy.Everything visible in the universe is made of ordinary matter - ...
Apple readies high-end MacBook Pro with touch, hole-punch screen, Bloomberg News reports
Apple is preparing to launch a redesigned version of its MacBook Pro computer with a touch display for late 2026 or early 2027, Bloomberg News reported on Thursday, citing people with knowledge of the matter. The company did not immediately respond to a Reuters request for a comment.
Oracle expects cloud sales of $166 billion by 2030 as business expands
Oracle expects cloud infrastructure revenue to be $166 billion in fiscal 2030, one of its two CEOs said on Thursday.Chief Executive Officer Clay Magouyrk gave the prediction during a meeting with financial analysts, sending shares up 5 per cent.Oracle said last month that it has racked up hundreds ...
Oracle expects cloud infrastructure revenue to be $166 billion in FY30
Oracle said on Thursday it expects cloud infrastructure revenue to be $166 billion in fiscal 2030.
Bank of Japan must tread carefully in normalizing policy, central bank official says
WASHINGTON :The Bank of Japan must be careful when normalizing monetary policy due to uncertainty about how the economy would react to a new environment of positive interest rates, Seiichi Shimizu, the central bank's assistant governor, said on Thursday.While many advanced economies have long-t ...
G20 issues Chair Summary highlighting global economic resilience amid risks
WASHINGTON :The Group of 20 (G20) Finance Ministers and Central Bank Governors concluded their fourth meeting under the South African Presidency in Washington, issuing a Chair Summary instead of a formal communique.The summary has become a feature of multilateral meetings in which participants do no ...
EA's latest 'Battlefield 6' sells over seven million copies during opening three days
Electronic Arts' "Battlefield 6" has hit all-time highs for franchise sales during the first three days of its launch, selling over seven million copies, the video game publisher said on Thursday.EA was betting on the latest "Battlefield" title to restore the franchise' ...
Apple TV, Peacock streaming bundle to launch next week at $14.99 a month
Apple and Comcast's NBCUniversal will launch a bundle of Apple TV and Peacock Premium streaming services next week, the companies said on Thursday, combining award-winning originals such as "Ted Lasso" and "The Traitors" for $14.99 a month.The bundle, which launches on Monda ...
HSBC not exposed to the collapse of scandal-hit First Brands Group
The bank is expanding fraud detection tech built for trade finance across all divisions
Giorgio Armani names veteran Giuseppe Marsocci new CEO as fashion house weighs potential sale
The company will complete board appointments in coming weeks
Salesforce jumps as US$60 billion forecast eases revenue growth concerns
[BENGALURU] Salesforce shares jumped more than 6 per cent in premarket trading on Thursday (Oct 16).
ABB CEO 'very confident' of demand for data centers powering AI
ZURICH :Switzerland's ABB is "very confident" about future demand from data centers that power artificial intelligence, its CEO Morten Wierod told Reuters.The engineering company has seen double-digit percentage growth this year in orders for electrification products from data centers ...
CNN's all-access subscription tier will launch on October 28 at $6.99 per month
CNN is taking another shot at streaming with a $6.99-a-month subscription service that will launch on October 28, three years after its parent Warner Bros Discovery pulled the plug on the costly CNN+ platform within 30 days of debut.The "all access" subscription tier will roll out in the U ...
'New' Keppel growing profile as asset manager justifies higher valuation multiples
The Edge Singapore - In an “overweight” initiation report on Oct 9, JP Morgan, whose asset management unit was one of the three fund managers allocated $1.1 billion in government funding to boost the market, expects the “new” Keppel to be worth $12.50 at the end of next year, representing an upside of more than ...
Trumpian world provides opportunities for Asean: UOB's Chin
The Edge Singapore - During the UOB Gateway to Asean Conference 2025 on Oct 16, Frederick Chin, Head of Group Wholesale Banking & Global Markets, UOB, was introduced as someone who doesn’t fear a Trumpian world because he sees deglobalisation as providing lots of opportunities for growth in Asean. According to UNC ...
US: Wall St rises with TSMC results supporting renewed AI optimism
[NEW YORK] Wall Street’s main indexes opened higher on Thursday (Oct 16), driven by an upbeat quarterly update from TSMC that added...
Chip stocks rise after TSMC's rosy outlook on strong AI demand
Semiconductor stocks advanced on Thursday after top contract chipmaker TSMC issued a rosy forecast, fanning optimism about demand for artificial intelligence infrastructure in a week of multi-billion-dollar deals across the sector.The company posted a record quarterly profit and raised its annual re ...
UK spy chief warns of AI danger, though not disaster-movie doom
LONDON :AI systems acting without human control could one day pose a security threat, the head of Britain's MI5 spy agency said on Thursday, although he said he was not predicting doom scenarios as depicted in sci-fi movies.Tech leaders have warned about the dangers of unchecked AI, and that pe ...
Laos plans to pull plug on crypto miners by early 2026
KUALA LUMPUR :Laos is considering halting electricity supply to cryptocurrency miners by the first quarter of 2026, as it seeks to redirect domestic power to industries that contribute more to economic growth, the country's deputy energy minister told Reuters.Crypto operators, drawn by cheap no ...
IMF upgrades Asia's growth forecast, warns of risks
WASHINGTON :The International Monetary Fund revised up Asia's economic growth forecast on Thursday, but warned of risks to the outlook from trade policy uncertainty and geopolitical tensions.Economic activity in the Asia-Pacific was holding up better than expected in April, despite the region b ...
China 'firmly opposes' Dutch takeover of semiconductor manufacturer Nexperia
BEIJING: Beijing said on Thursday (Oct 16) it "firmly opposes" the Dutch government's seizure of Chinese-owned chipmaker Nexperia, arguing that the takeover "violates the spirit of contractual agreements and market principles".Officials in the Netherlands invoked a Cold War- ...
