Canadian workers have few protections against workplace surveillance as TD starts monitoring
TORONTO, June 25 : Canadian employees have few legal protections against workplace monitoring, experts said, after TD Bank told some staff it would use software to track their work activity, raising concerns about consent and privacy.There are limits, however, to the reasons employers monitor their ...
EU targets Amazon, Microsoft cloud units for Big Tech “gatekeeper” rules
BRUSSELS, June 25 : EU antitrust regulators said Amazon and Microsoft's cloud computing services should be designated as “gatekeepers” under landmark tech rules, a step that would subject them to strict obligations aimed at curbing market power.The designation under the Digital Markets Act ...
Amazon, Microsoft cloud computing services should fall under EU tech rules, EU regulators say
BRUSSELS, June 25 : Amazon and Microsoft's cloud computing services should be designated gatekeepers under EU rules aimed at reining in the power of Big Tech, EU antitrust regulators said on Thursday.Amazon Web Services and Microsoft Azure, the two largest cloud providers globally, should be de ...
JP Morgan reiterates overweight for CLI as it ramps up listed and unlisted FUM
The Edge Singapore - CapitaLand Investment (CLI) began trading on Sept 20, 2021. As its fifth anniversary approaches, where does it stand? For much of the time since 2021, China was beset with problems from a property bust and growth slowdown, and currently intense competition from overcapacity from electric vehicles to ...
SingHealth taps on iPhones and iPads to cut time spent recording patient recovery
Nurdianah Md Nur - SingHealth is using iPhones and iPads to standardise wound documentation and assess patient mobility. The move aims to reduce paperwork and give clinicians a clearer record of recovery across hospitals and community care settings. Wound care and post-surgery recovery have often been recorded in writ ...
URA releases two smaller housing sites in Sin Ming, Kallang for sale
Ry-Anne Lim - Market watchers expect firm demand for the Sin Ming site; Kallang parcel may remain on the reserve list
As Europe roasts in a heatwave, Asia’s air-con makers grab some cool cash
Samsung, Midea, and Mitsubishi Electric have benefited from a recent sales boom
Oil prices fall to prewar levels on rising Middle East supply
Flows through the Strait of Hormuz were close to those before the start of the Iran war, says US Energy Secretary Chris Wright.
WhatsApp's pick of Indian fintech founder signals scale of payment ambitions
MUMBAI, June 25 : Kunal Shah, an Indian fintech founder with no engineering degree or Silicon Valley pedigree, has spent two decades building businesses around digital payments and consumer behaviour in India.He now takes charge of Meta's WhatsApp as the company looks to leverage the reach of t ...
IndiaMART doubles down on AI to curb fake listings, improve buyer interaction
June 25 : IndiaMART, one of India's largest online marketplaces, plans to double its spending on artificial intelligence tools every six months as it steps up efforts to curb fake listings and improve content checks, a senior executive said.The company connects buyers and sellers across a wide ...
Valley Point could be the hidden gem in Frasers Property’s S$2.1 billion hospitality ‘asset-light’ proposal
Jude Chan - Strategically, the move gives the group the master key to the entire Valley Point site
Nikkei marks record closing high as AI shares rally on Micron forecast
[TOKYO] Japan’s Nikkei share average rose more than 4 per cent on Thursday (Jun 25) to notch a record closing high, as...
European shares gain as upbeat Micron forecast revives AI rally
[BRUSSELS] European shares opened higher on Thursday (Jun 25), led by gains in technology stocks, as strong forecasts from Micron and Qualcomm...
MBK Partners to sell elderly care provider Japan Well-being to Advent
TOKYO, June 25 : Asia-focused buyout firm MBK Partners said on Thursday it had agreed to sell elderly care service provider Japan Well-being to U.S. private equity firm Advent International for an undisclosed amount.• A person with knowledge said the deal value would total about 200 billion yen ($ ...
Amazon to invest additional $13 billion in India cloud, AI
June 25 : Amazon said on Thursday it will invest an additional $13 billion by 2030 in India to expand its AI and cloud infrastructure.The new investment is in addition to its planned $35 billion funding announced last year, taking the e-commerce firm's investment in the country to $48 billion t ...
Amazon to invest additional $13 billion in India
June 25 : Amazon said on Thursday that it is investing an additional $13 billion in India by 2030 to expand and support AI and cloud infrastructure.The investment is an addition to the planned $35 billion it announced last year in December
Apple-Intel chip deal makes strategic sense but production is years away
It pairs Intel’s bid to rebuild credibility as a chipmaker with Apple’s search for more manufacturing capacity
Renault plans 800 engineering job cuts in France amid intense Chinese competition
The company expects to get its transformation plan approved by unions in July and implemented from September
E-commerce job cuts signal S-E Asia’s shift from scaling to deeper user engagement
Benjamin Cher - The sector is maturing in the region, with players pivoting from scale to profitable growth
Large US banks can weather hypothetical downturn, several raise dividends: Fed
The Fed’s “stress test” shows banks stay above minimum requirements despite a 1.6-percentage-point capital drop
H&M reports Q2 profit miss as tighter inventory hit sales
Operating profit was flat year on year at 5.91 billion Swedish crowns (S$786.7 million)
SingPost expects huge dip in low-value parcels to EU initially as customs duty takes effect
Tay Peck Gek - Presently, Spain, Germany and France are the key countries to which parcels from Singapore businesses are delivered
SingPost unveils solutions to tackle EU’s tax on low-value parcels
Tay Peck Gek - Presently, Spain, Germany and France are the key countries where parcels from Singapore businesses are delivered to
China to raise refined fuel export allowance in July, sources say
This may ease tight supplies after regional refiners cut output due to crude shortages from the Iran war
MSCI acquires climate risk financial modelling company First Street
Lin Daoyi - Financial research firm MSCI will be acquiring First Street, a provider of physics-based climate risk data and analytics for every property in the world. MSCI will pay US$120 ($156) million in cash for the acquisition, with additional payments during the first two years following an expected 3Q2026 ...
France's OVHcloud confirms outlook, posts higher quarterly growth on public cloud strength
June 25 : French cloud computing group OVHcloud reported organic revenue growth of 6.9 per cent in the third quarter, up from 5.1 per cent in the previous quarter, supported by its public cloud division, and also confirmed its full-year outlook. The growth was led by markets outside France, with the ...
Malaysia’s Forest City family office push gains traction, but ecosystem gaps remain
It has drawn notable early movers including billionaire Chua Ma Yu’s CMY Capital, and Yow Kee Family Office
Malaysia’s Forest City family office push gains traction, but RM2 billion target looks a stretch
It has drawn notable early movers including billionaire Chua Ma Yu’s CMY Capital, and Yow Kee Family Office
Kadokawa CEO's support falls to 60% at AGM after activist campaign
TOKYO, June 25 : Kadokawa's CEO Takeshi Natsuno suffered a sharp drop in shareholder support at the Japanese anime and gaming giant's annual general meeting after an activist campaign to unseat him.While he retained his board seat at Wednesday's AGM, shareholders voted only 59.68 per ...
Shareholder support for CEO of anime and gaming giant Kadokawa tumbles to 59.68%
TOKYO, June 25 : The CEO of Japanese anime and gaming giant Kadokawa suffered a sharp drop in shareholder support at the annual general meeting following a high-profile activist campaign to unseat him. While Takeshi Natsuno retained his board seat on Wednesday, shareholders voted only 59.68 per cent ...
China’s central bank to add tool to better manage short-term liquidity
The People’s Bank of China plans to inject cash into the banking system on Jun 29 and Jun 30
China central bank to add tool to better manage short-term liquidity
The People’s Bank of China plans to inject cash into the banking system on Jun 29 and Jun 30
Frasers Property plans to sell stakes in five properties to Thai conglomerate
The five assets, valued at S$1.1 billion, are spread across Singapore, Malaysia, the UK and Japan.
Hong Kong dollar nears weak end on low volatility, cheap rates
The Hang Seng Index is on track for its steepest monthly drop in two years
