Explainer-What are Samsung union workers demanding and how might a strike play out?
SEOUL, May 19 : South Korean memory chip maker Samsung Electronics is facing its worst-ever strike, with nearly 48,000 workers threatening to walk off production lines on Thursday for 18 days over a dispute about bonus payouts. Here are key things to know:WHAT DOES SAMSUNG'S UNION WANT?Samsung& ...
Musk's failed court attack on OpenAI could leave lasting scars on CEO's reputation
OAKLAND, California, May 19 : OpenAI Chief Executive Sam Altman beat Elon Musk in federal court on Monday, but the win came at the cost of hearing his former colleagues call him a liar - repeatedly - under oath. A federal jury threw out former OpenAI co-founder Musk's case that the nonprofit wa ...
SQ321 final report: Radar issue may have left pilots blind to severe turbulence in 2024 incident
Shikhar Gupta - Despite intermittent issues, the report notes SIA followed published maintenance procedures for the plane’s weather radar
SQ321 final report: Radar issue in 2024 may have left pilots blind to severe turbulence
Shikhar Gupta - Despite intermittent issues, the report notes SIA followed published maintenance procedures for the plane’s weather radar
Fatal SQ321 flight: Radar issue in 2024 may have left pilots blind to severe turbulence
Shikhar Gupta - A possible radar blind spot and disputed hardware tests complicate liability for the fatal flight
SQ321 final report: Radar issue may have left SIA pilots blind to severe turbulence
Shikhar Gupta - A possible radar blind spot and disputed hardware tests complicate liability for the fatal flight
Fed’s Warsh has a difficult boss and tough job ahead, says StanChart CEO Winters
[HONG KONG] Incoming Federal Reserve chair Kevin Warsh faces both a tough environment and a “difficult boss,” Standard Chartered CEO Bill Winters said on...
StanChart to cut over 7,000 jobs, boost AI to replace 'lower-value human capital'
HONG KONG, May 19 : Standard Chartered will eliminate more than 7,000 jobs over the next four years as it seeks to replace "lower-value human capital" with technology, becoming one of the top names in finance to target headcount cuts using artificial intelligence.The London-headquartered l ...
Japan’s faster economic growth offers window for BOJ rate hike
Expansion provides scope for higher borrowing costs and policymakers may want to act before Mid-East conflict starts weigh on growth
Analysis:BOJ could temper its taper as bond wobbles rattle markets
TOKYO, May 19 : Financial market turbulence could force the Bank of Japan to go slow on the unwinding of its massive debt holdings, giving anxious bond investors some relief as surging yields lay bare worsening fiscal strains and inflation pressures.The central bank sets a high bar for outright bond ...
China asks pork producers to spur consumption, curb financial risks
[BEIJING] China’s agriculture ministry urged the pork industry to rein in overcapacity, stimulate consumption and keep a close watch on the financial risks of...
Indonesia’s financial regulator says stock index reflects fundamentals after fall
The rupiah remained under pressure on Tuesday, hitting a record low of 17,730 a dollar
More ships arrive in Singapore as Iran war disrupts Middle East routes, but fewer refuelling here
Singapore is capturing some displaced bunkering demand, but it is not a simple one-for-one substitution for Gulf of Oman ports
Dollar edges up as investors weigh Iran peace hopes against Fed rate outlook
May 19 : The U.S. dollar rose on Tuesday as investors balanced cautious hopes for a Middle East peace deal against concerns that the Federal Reserve could raise rates to curb energy-driven inflation.U.S. President Donald Trump said on Monday there was now a "very good chance" of reaching a ...
Helsing and OHB join forces on space-based reconnaissance venture
May 19 : Artificial intelligence defence firm Helsing and German space company OHB said on Tuesday they had established a joint venture to develop a space-based tactical surveillance, reconnaissance and targeting system, underscoring Europe's push to strengthen military capabilities in orbit.Th ...
CapitaLand Hope Foundation supports 12 grantees with up to $4 mil to empower children and youth
The Edge Singapore - CapitaLand Hope Foundation (CHF), the philanthropic arm of CapitaLand Group, has launched the second edition of the CapitaLand Community Resilience Initiative (CCRI). The announcement was made at this year’s Philanthropy Asia Summit, where CHF held a panel discussion themed “From Commitment to I ...
Australian stocks rebounds from 7-week low as RBA minutes hint near-term rate pause
AUSTRALIAN shares rebounded from a near seven-week low on Tuesday after minutes from the Reserve Bank of Australia signalled a wait-and-watch approach...
European shares rise on Trump’s Iran comments
EUROPEAN shares ticked higher on Tuesday after investors welcomed news that the US had paused a planned attack against Iran following Teheran’s...
StanChart Singapore to hire more wealth bankers amid plans to cut over 7,000 jobs globally
Vivien Shiao - The lender will cut more than 15% of its global corporate function headcount, but the impact on Singapore roles remains unclear
StanChart Singapore to hire more wealth bankers amid global cuts; impact on other roles still unclear
Vivien Shiao - The lender plans to cut more than 15% of its global corporate function headcount
UOBKH's Koh raises target price for CICT to $3.06
The Edge Singapore - Jonathan Koh of UOB Kay Hian has raised his target price for CapitaLand Integrated Commercial Trust from $2.95 to $3.06, after the largest S-REIT's acquisition of the Paragon mall along Orchard Road for an agreed property value of $3.9 billion, which provides a net yield of 3.9%. "The acqu ...
‘Even a CEO’s job can be replaced by AI’: DBS CEO Tan Su Shan bets big on agentic AI
Lee Su Shyan - Amid worries of AI leading to jobless growth, DBS is committed to supporting younger talent
Singapore contributes US$15 million to support carbon credit projects aligned with Paris Agreement
Janice Lim - It is the first Asian country to pitch in to the carbon transaction facility
Singapore-based coalition formed to raise corporate demand for carbon credits
Janice Lim - It is targeting corporates to purchase at least 10 million tonnes of carbon credits by 2030
Singapore-based coalition to raise corporate demand for carbon credits
Janice Lim - It is targeting corporates to purchase at least 10 million tonnes of carbon credits by 2030
Think hard about embracing the new CPF life-cycle investment scheme
Leslie Yee - In an increasingly volatile world, hold some risk-free investments
Mistral AI buys Austrian physics AI startup in industrial push
PARIS, May 19 : Europe's leading artificial intelligence firm, France's Mistral AI, said on Tuesday it has acquired Vienna-based Emmi AI for an undisclosed sum, aiming to enhance its offering for industrial clients across Europe.Emmi AI, which raised 15 million euros in Austria's larg ...
Nuclear power gets a philanthropy boost with new coalition by Temasek Trust, The Rockefeller Foundation
Sharanya Pillai - Some key objectives are making the technology bankable and nurturing global talent
AI replaces ‘lower-value human capital’, StanChart CEO says
Bill Winters’ remarks echo a growing candor among global financial leaders regarding the realities of automation
StanChart targets higher return, to reduce more than 7,000 roles by 2030
HONG KONG, May 19 : Standard Chartered raised a key profit metric on Tuesday that the bank expects to achieve through deep headcount cuts and an expansion of its key wealth business.In a strategy update to investors, StanChart said it would deliver a more than 15 per cent return on tangible equity ( ...
Singapore pushes medical AI toward patient care as population ages
Nurdianah Md Nur - Singapore is moving medical artificial intelligence (AI) closer to patient care, backing tools that could help doctors flag disease earlier as it prepares for a much older population and a heavier chronic disease burden. Health institutions signed two agreements that put the technology into areas wh ...
Starbucks Korea head sacked after ‘Tank Day’ promotion sparks public uproar
President Lee Jae-myung slams Starbucks as a ‘degenerate peddler’, saying he is enraged by the campaign
Internship-stacking just got a boost: MAS and IBF launch the Young Talent Programme for AI in Finance (YTP-AIF)
Belle Neo - The Monetary Authority of Singapore (MAS) and the Institute of Banking and Finance (IBF) have launched the Young Talent Programme for AI in Finance (YTP-AIF), revealing plans to make over 1,000 intern- and trainee-ship positions available through structured programmes over the next year from its com ...
Internship-stacking just got a boost with the newly-launched Young Talent Programme for AI in Finance (YTP-AIF)
Belle Neo - The Monetary Authority of Singapore (MAS) and the Institute of Banking and Finance (IBF) have launched the Young Talent Programme for AI in Finance (YTP-AIF), revealing plans to make over 1,000 intern- and trainee-ship positions available through structured programmes over the next year from its com ...
