Meta shares slip after US jury verdicts raise concerns of new legal exposure
March 26 : Meta Platforms shares dropped 7 per cent on Thursday after two verdicts holding it liable for harm to young users sparked fears the social media giant may have to overhaul the design practices that have underpinned its sprawling advertising business.While fines from the U.S. trials in New ...
Dutch court rules against Grok over AI-generated 'undressing' images in rare legal rebuke
AMSTERDAM, March 26 : A Dutch court on Thursday ordered Elon Musk's xAI and chatbot Grok not to generate and distribute images "undressing" adults or children, or showing them in sexualised poses with scant or no clothing, without their consent in the Netherlands.The Amsterdam Court&# ...
Dutch court orders xAI, Grok not to create, distribute non-consensual sex images in Netherlands
AMSTERDAM, March 26 : A Dutch court on Thursday ordered Elon Musk's xAI and chatbot Grok not to generate and distribute sexualized images of people without their consent in the Netherlands.The decision in a civil suit is one of the first times a judge has weighed in on xAI's responsibility ...
Judge dismisses lawsuit by Musk's X Corp accusing advertisers of illegal boycott
WASHINGTON, March 26 : A U.S. judge on Thursday dismissed X Corp's antitrust lawsuit that accused the World Federation of Advertisers and major companies including Mars, CVS Health and Colgate-Palmolive of illegally boycotting billionaire entrepreneur Elon Musk’s social media company.U.S. Dis ...
Dollar rises as US-Iran divide dashes de-escalation hopes
NEW YORK, March 26 : The dollar climbed against major currencies on Thursday, as signs that the U.S. and Iran remain far apart on a peace deal dashed hopes of Middle East de-escalation, revived the risk of a prolonged energy shock and boosted safe-haven demand.An Iranian official said a U.S. proposa ...
Dollar firms as fading Middle East ceasefire hopes lift safe-haven demand
NEW YORK/LONDON, March 26 : The dollar held firm against major currencies on Thursday, as fading hopes of Middle East de-escalation revived the risk of a prolonged energy shock and boosted safe-haven demand.New U.S. jobless claims edged higher last week, signaling a still-stable labor market and giv ...
Intel's Core Ultra Series 3 processors to help bring AI 'to the edge'
The Edge Singapore - Intel has announced the availability of a new range of laptops from various PC brands powered by the its new Core Ultra Series 3 range of processors first introduced at CES in January. Top-tier Intel Core Ultra Series 3 processors feature up to 16 CPU cores and 12 Xe-cores, delivering up to 60% fast ...
GlobalFoundries files patent infringement lawsuits against Tower Semiconductor
SAN FRANCISCO, March 26 : GlobalFoundries on Thursday said it has sued Israel-based rival Tower Semiconductor, alleging that Tower Semiconductor infringed on 11 GlobalFoundries patents that relate to manufacturing chips that go into smart phones and other electronic devices.GlobalFoundries said it h ...
Wall St opens lower as Mideast de-escalation uncertainty weighs
[NEW YORK] Wall Street’s main indexes opened lower open on Thursday (Mar 26) following gains in the previous session, as caution prevailed...
Defense technology startup Shield AI valued at $12.7 billion in latest funding round
March 26 : Shield AI is raising $2 billion in a new funding round at a $12.7 billion valuation, as the defense technology startup looks to expand its artificial intelligence-powered software amid growing use of autonomous tools during conflicts.The startup said on Thursday the Series G round was led ...
Guocoland’s Malaysian unit to table proposed privatisation to disinterested shareholders at EGM
Chloe Lim - The RM1.10 offer price is a 17.7% premium to its last-traded share price of RM0.935 on Jan 30
Russian farmers complain of mobile internet shutdowns amid spring planting
MOSCOW, March 26 : Russian government measures to shut down mobile internet across the country because of Ukrainian drone attacks are affecting fieldwork during the planting season, a major farming lobby said on Thursday.The government requires farmers to log the amount of seed they have for plantin ...
European Payments Initiative CEO says Trump fears are boosting its appeal
PARIS, March 26 : Fears that President Donald Trump's administration could limit Europe's access to U.S. payments infrastructure are boosting regional adoption of a competing European payment platform, the CEO of the European Payments Initiative (EPI) told Reuters.The Brussels-based compan ...
Apple adds Bosch, Cirrus Logic, others to US manufacturing program, to invest $400 million
March 26 : Apple said it was adding Bosch, Cirrus Logic, TDK and Qnity Electronics to its American Manufacturing Program, with plans to invest $400 million through 2030 to expand U.S.-based production of key components.The move comes as companies increasingly shift manufacturing and critical supply ...
Barrick delays Reko Diq project in Pakistan amid mounting security concerns
March 26 : Barrick Mining is extending its review of the massive Reko Diq copper-gold project in Pakistan and slowing development activity amid escalating security concerns in the South Asian country and the Middle East. The exercise is likely to affect previously disclosed budgets and timelines, a ...
Barrick to delay Pakistan copper-gold project amid Middle East conflict, FT reports
March 26 : Barrick Mining is delaying its huge copper and gold project in Pakistan due to the Middle East conflict and deteriorating security situation in the South Asian country, the Financial Times reported on Thursday, citing correspondence seen by the media outlet."Following the preliminary ...
Cnooc’s profit drops as low oil prices counter output growth
Net income came in at 122.1 billion yuan, down from 137.9 billion yuan a year earlier
Crypto for a home? Coinbase brings token-backed down payments to housing market
March 26 : Coinbase is teaming up with Better Home & Finance to let homebuyers pledge their crypto holdings as collateral for down payments, marking one of the most ambitious attempts yet to adapt digital assets for mainstream needs.A prospective homeowner will be able to secure a loan against t ...
Keppel, Simba Telecom agree to extend long-stop date for proposed M1 deal
Jude Chan - IMDA’s regulatory review remains under way
Concord New Energy reports 82.6% decline in FY2025 earnings to 139.7 million yuan
Chloe Lim - These are its first results since its secondary listing on the SGX on Jan 6
Concord New Energy reports 82.7% decline in FY2025 earnings to 139.7 million yuan
Chloe Lim - These are its first results since its secondary listing on the SGX on Jan 6
National Australia Bank to cut 170 jobs amid offshore expansion
The bank adds it will continue hiring and developing staff locally, particularly in customer-facing roles
Keppel's close of planned sale of M1 to Simba extended
The Edge Singapore - The closing of Keppel's sale of mobile operator subsidiary M1 to Australia-listed Tuas, the owner of local telco Simba Telecom, has been extended. The deal is subject to the approval of local industry regulator the Infocomm Media Development Authority of Singapore. As part of its review, IMDA h ...
Pornhub, Stripchat, XNXX, XVideos charged with breaching EU tech rules, risk fines
BRUSSELS, March 26 : Adult content platforms Pornhub, Stripchat, XNXX and XVideos have been charged with breaching EU rules by letting children access pornographic content on their sites, EU regulators said on Thursday, which could lead to hefty fines.The charges follow a 10-month-long investigation ...
Snapchat hit with EU probe into alleged failure to prevent child grooming, illegal goods sales
BRUSSELS, March 26 : Snap-owned Snapchat was hit with an EU investigation on Thursday as regulators warned that the social platform appears not to be doing enough to prevent child grooming and the sale of illegal goods.The EU probe is under the Digital Services Act, which requires big online platfor ...
Singapore’s general insurance premiums hit record high of S$6.09 billion
Ranamita Chakraborty - Net incurred claims for the domestic segment are up 8.7% year on year at S$1.8 billion
Shangri-La Asia posts 30.4% drop in full-year earnings to US$112.3 million
Jude Chan - The board recommends a final dividend of HK$0.10 a share for FY2025
Driving accountability in the boardroom and beyond
Kwan Wei Kevin Tan and Felicia Tan - NUS professor Mak Yuen Teen shares what it’s like to be the conscience of corporate Singapore. If you follow Singapore’s corporate developments actively on LinkedIn, then it is quite likely that you have come across the writings of Mak Yuen Teen. The corporate governance advocate is an avid user ...
Asia moves to calm markets as South Korea buys bonds, Manila holds surprise rate review
MANILA, March 26 : Asian central banks moved to shore up market confidence on Thursday, with South Korea announcing a 5 trillion won ($3.3 billion) emergency bond buyback while the Philippines held a surprise policy meeting, signaling its readiness to act if inflation pressures worsen.Both economies ...
Couple sues ERA, agent and law firm for S$731,212 over alleged misrepresentation in ‘99-1’ property deal
Ry-Anne Lim - Claimants seeking to recover additional tax and surcharge imposed for illegal stamp duty avoidance on their condominium purchase
Forsea, Qingjian in group topping Dover site tender with S$951 million bid at S$1,556 psf ppr
Kalpana Rashiwala - First parcel released in new Dover-Medway estate for a 625-unit project draws six bids
Forsea, Qingjian’s S$1,556 psf ppr top bid sets benchmark for residential land in one-north area
Kalpana Rashiwala - First parcel released in new Dover-Medway estate for a 625-unit project draws six bids
What Singapore needs is not more Reits, but bigger ones: ARA co-founder John Lim
Jude Chan - The local market must move towards consolidation and aggressive global expansion, says the industry veteran
OpenAI indefinitely pauses plans to release erotic chatbot, FT says
March 26 : OpenAI has shelved plans to release an erotic chatbot indefinitely as it looks to focus on its core products, according to a report by the Financial Times on Thursday.
