Cox Media fined for claiming it used AI to track consumer conversations
May 21 : The U.S. Federal Trade Commission fined Cox Media Group and two other companies for falsely claiming they could use AI to target ads based on conversations consumers had near their smart devices, the agency said on Thursday.Here are some details:• The company falsely told potential advert ...
Meta settles first US case over school costs tied to youth mental health, court filing shows
May 21 : Meta Platforms on Thursday settled the first case set for trial seeking to make social media companies cover the costs that school districts say they have incurred to combat a mental health crisis allegedly fueled by platforms.The agreement fully resolves a lawsuit brought by Breathitt Coun ...
Oil prices close 2% lower on uncertain prospects for US-Iran deal
NEW YORK, May 21 : Oil prices were volatile on Thursday, ultimately settling about 2 per cent lower as uncertainty over prospects for resolving the U.S.-Israeli conflict with Iran weighed on the market.Brent crude futures settled at $102.58 a barrel, down $2.44, or 2.3 per cent on Thursday, while U. ...
Spotify cranks up AI push with Universal Music deal, lays out bold growth targets
May 21 : Spotify on Thursday laid out an ambitious roadmap to drive growth and profitability through the end of the decade, doubling down with AI-powered features to boost user engagement and partnering with Universal Music, sending shares up 13 per cent.The Swedish audio-streaming giant unveiled a ...
Google, Meta, TikTok hit by EU consumer complaints about handling of financial scams
BRUSSELS, May 21 : Alphabet's Google, Meta Platforms and TikTok were hit with complaints from European Union consumer groups on Thursday for allegedly failing to protect users from financial scams on their platforms, putting them at risk of regulatory fines.The move highlights growing pressure ...
Analysis:SpaceX IPO bets $2 trillion on Musk's ambitious rockets-to-AI vision
May 21 : Investors buying into SpaceX's nearly $2 trillion IPO are making a high-stakes wager that CEO Elon Musk can turn a fast-growing satellite business into something far bigger, using an unproven rocket to unlock an ambitious push into AI.Musk has grown SpaceX into the world's largest ...
Exclusive-Modal Labs valued at $4.65 billion as AI coding takes off
SAN FRANCISCO, May 21 : AI startup Modal raised $355 million in a new round of financing, valuing the company at $4.65 billion, CEO Erik Bernhardsson told Reuters.AI startups have been whipped by two shifts this year: the surge in AI coding and the increasing scarcity of computing power. Modal Labs ...
Singamas says company, Teo Siong Seng have not been served with any legal process by DOJ
Tay Peck Gek - PIL declines comment on its unit Singamas’ legal matters; Singamas shares fall 13.6% on news of alleged price collusion
Teo Siong Seng price-fixing allegation: PIL declines comment on Singamas’ legal matters
Tay Peck Gek - Singamas Container Holdings’ share price falls 13.6% on news of a collusion among execs of 4 key container makers
Microsoft and EY to spend US$1 billion to help clients adopt AI
TECHNOLOGY giant Microsoft and consulting firm EY are partnering to spend more than US$1 billion to encourage their clients to launch major...
Grab hitches a ride on the AI wave as CEO Anthony Tan steers company into next phase of growth
Lionel Lim - The South-east Asian superapp has long invested in technology, believing it to be essential for growth
How Sats CEO Kerry Mok turned the group’s lowest ebb into sky-high results on a global stage
Derryn Wong - He explains why good leaders need to own everything, recruit people smarter than them and ‘over-communicate’
From China to the world – How Jane Sun leans on her global experience to drive Trip.com’s growth, culture
Elysia Tan - As the travel group advances, the CEO spotlights women and tech
Grab group CEO Anthony Tan takes top prize at 41st Singapore Business Awards
Elysia Tan - Other winners at the annual event include Sats’ Kerry Mok and Trip.com’s Jane Sun
From hawker stall to Enterprise Award winner: How Han Keen Juan scaled the Old Chang Kee empire
Dylan Tan - Four decades after a risky 1986 corporate exit, the executive chairman reflects on OCK’s journey and attributes the enterprise’s success to professional...
JP Morgan retains overweight recommendation for MLT with a lower price target
The Edge Singapore - In a report dated May 21, JP Morgan maintained an overweight rating for Mapletree Logistics Trust (MLT) but revised its price target down by 10 cents to $1.40 by end-June 2027. The analysts Mervin Song and Terence Khi believe that the worst is over for the time being, and its distributions per unit ...
Wall St opens lower as oil jumps on renewed Mideast concerns
[NEW YORK] Wall Street’s main indexes opened lower on Thursday (May 21) as oil prices surged following a Reuters report that Iran’s...
Paris appeals court finds Airbus, Air France guilty of corporate manslaughter over 2009 crash
[PARIS] A Paris appeals court on Thursday found Airbus and Air France guilty of corporate manslaughter over the 2009 Rio-Paris plane crash that killed...
Core strengths, new capabilities and more connectivity key to Singapore’s future: Chan Chun Sing
Elysia Tan - Beyond current issues, we must also ‘scan the horizon’ to be prepared for the future, says the minister
China’s first humanoid robot incubator has its eyes set on South-east Asia – starting with a Singapore office
Tan Weizhen - It hopes to connect Chinese manufacturers with the city-state’s various application scenarios
JustCo’s IPO 3.4 times subscribed at 94 cents per share
Gerine Tang Yi Qian - The initial public offering (IPO) of Singapore-grown flexible workspace operator JustCo, comprising approximately 32.09 million shares priced at 94 cents each, was 3.4 times subscribed. Together with $69.8 million in secured cornerstone commitments, the offering raised about $100 million. The IPO co ...
JP Morgan upgrades Keppel after failed M1 sale
The Edge Singapore - JP Morgan has just upgraded Keppel to overweight from neutral on May 21. JP Morgan had kept its neutral rating as recently as April 23, following Keppel’s 1Q2026 results. In August last year, Keppel announced the proposed sale of M1 to Simba for $1 billion in cash. However on May 18 the IMDA annou ...
Haidilao co-founder’s family buys second bungalow in Cluny Hill for S$85 million
Kalpana Rashiwala - CK Tang family’s Victoria Park Close mansion sells for S$63 million
US to invest in quantum computing firms in exchange for stakes
THE Trump administration is awarding grants to a handful of companies, including IBM, that are focused on quantum computing in exchange for...
Sri Trang Gloves Q1 profit falls 9.5% to 384.1 million baht
Evan See - Revenue is down 16.2% at 5.49 billion baht, from 6.55 billion baht a year earlier
Asean may be forced to choose between economic growth and climate if both are not decoupled: Ravi Menon
Janice Lim - Singapore will work on carbon markets, nature-based resilience, climate resilience as the bloc’s chair in 2027
Nio Q1 net loss narrows to 332.1 million yuan as revenue doubles
Evan See - The EV maker’s loss per share of 0.2 yuan compares with 0.29 yuan a year earlier
Oil hits session high on report Iran wants to keep its uranium
The Strait of Hormuz closure was the market’s most severe supply disruption on record
Bukit Sembawang posts FY2026 earnings of $128.6 mil, 13% higher y-o-y; declares total dividend of 22 cents
Teo Zheng Long - Bukit Sembawang (SGX: B61 ) has posted earnings of $128.6 million for the FY2026 ended March 31, 13% higher y-o-y. Despite the higher bottom line, revenue declined 37% y-o-y to $345.6 million in FY2026. The lower revenue was attributed to a drop in revenue contribution from its property development ...
Aims Apac Reit secures sustainability-linked loan facilities of S$450 million, A$160 million
Evan See - It has also clinched a A$115 million syndicated loan with a green tranche of A$50 million
AIMS APAC REIT secures unsecured sustainability-linked loan facilities and syndicated facility with green loan tranche
Teo Zheng Long - AIMS APAC REIT (AA REIT) (SGX: O5RU ) announced that it has secured its second unsecured sustainability-linked loan (SLL) comprising of revolving credit facilities of $450 million and A$160 million. AA REIT states that the facilities were arranged by UOB Singapore, which acts as sole coordinator, ma ...
Executive assistants making US$100,000 a year are losing jobs to AI
Much of assistants’ workloads may soon require little or no human labour
Manus weighs raising US$1 billion to unwind Meta takeover
Reversing a major deal within months of completion is virtually unheard-of
Asiatic warns it will report a loss for FY2026 due to impairment
The Edge Singapore - Asiatic Group (Holdings) warns that it will report a net loss for its year ended March, due to an impairment it is making on an investment held for sale. The company plans to report on or before May 30. For the nine months to Dec 2025, Asiatic reported a loss of $143,000, from earnings of $815,000 i ...
