Lucid sees positive cash flow late in decade with affordable model, autonomous offerings
March 12 : Lucid expects to turn cash flow positive late this decade, the EV maker said on Thursday, as it laid out its roadmap for affordable cars and autonomy, including unveiling a two-seater robotaxi concept without a steering wheel and pedals.Lucid, known for its luxury Air sedans and Gravity S ...
Lucid unveils steering wheel-free robotaxi concept, taking aim at Tesla's Cybercab
March 12 : Lucid unveiled a two-seater robotaxi concept without steering wheel and pedals, and launched new self-driving tech subscriptions, as the electric-vehicle maker laid out its roadmap for the technologies at an investor day event on Thursday.The unveiling deepens Lucid's push into fully ...
Lucid unveils two-seater robotaxi concept, announces self-driving tech subscription
March 12 : Lucid showcased a two-seater robotaxi concept without pedals and a steering wheel and announced a self-driving tech subscription for its electric vehicles at its investor day event on Thursday.The monthly subscription would be priced between $69 and $199 depending on the level of autonomo ...
Cambricon rides China AI boom to post its first annual profit
The company plans to more than triple its production of AI chips in 2026
Exclusive-Italian prosecutors seek trial for Amazon, four execs over alleged $1.4 billion tax evasion
MILAN, March 12 : Milan prosecutors have requested trial for Amazon's European unit and four of its managers over alleged tax evasion worth around 1.2 billion euros ($1.38 billion), two sources with direct knowledge of the matter said on Thursday.The move is unprecedented for a case of this kin ...
SoftBank-backed PayPay valued at $12.7 billion in Nasdaq debut as shares jump
March 12 : PayPay's shares opened roughly 19 per cent above their offer price in a widely anticipated Nasdaq debut on Thursday, valuing the Japanese payments app at $12.7 billion and giving a much-needed boost to the new listings market.The SoftBank-backed's company stock opened at $19, co ...
SoftBank-backed PayPay shares set to open 38% above IPO price
March 12 : Shares of PayPay were indicated to open 37.5 per cent above their offer price in their Nasdaq debut on Thursday, giving the SoftBank-backed Japanese payments app a potential valuation of $14.71 billion.PayPay's stock was indicated to open at $22, compared with the $16 offer price. Th ...
Iran’s new leader vows to keep the Strait of Hormuz closed
The trade route should remain shut to put pressure on the enemy, he adds
Wall St opens lower as Middle East tensions lift oil prices to US$100
[NEW YORK] Wall Street’s main indexes opened lower on Thursday (Mar 12) as oil prices surged to nearly US$100 a barrel, fanning...
Pentagon CTO says 'no chance' of renewed Anthropic negotiations
March 12 : Pentagon Chief Technology Officer Emil Michael on Thursday ruled out negotiations with Anthropic after the agency labeled the AI lab a supply-chain risk in a dispute over restrictions on how the U.S. military can use its technology."There's no chance. The (Anthropic) leadership ...
HSA deepens pacts with Malaysia, Uzbekistan for faster medical innovation access
Shikhar Gupta - Singapore will also apply for full Medical Device Single Audit Program membership
Top bankers win reprieve as Swiss lawmakers reject bonus ban
Parliament’s upper house topples the proposed Bill with a 32 to 9 majority
Trendlines portfolio company IBI Ag completes proof of concept for AI-driven platform of novel bioinsecticide proteins
Teo Zheng Long - The Trendlines Group (Trendlines) (SGX: 42T ) announced that its portfolio company, IBI Ag, successfully completed its proof of concept (POC) for the AI-driven platform for De Novo design of novel bioinsecticide proteins. “By leveraging cutting-edge AI technology and proprietary biological data, I ...
Southern Alliance Mining reports higher revenue and lower net loss in 1HFY2026
Teo Zheng Long - Southern Alliance Mining (SAM) (SGX: QNS ) has reported a net loss of RM4.2 million for 1HFY2026 ended January 31, an improvement of 59.2% y-o-y compared against the net loss of RM10.3 million a year ago. The lower net loss was mainly attributable to the higher revenue achieved in the same period. R ...
Britain's Lloyds apologises after customers able to see others' transactions
LONDON, March 12 : Lloyds Banking Group said on Thursday it was investigating the causes of a glitch that allowed customers to see each other's transactions online, the latest in a series of technical problems for UK banks embracing digital services."We’re sorry that some customers exper ...
Dollar flirts with new 2026 highs as oil price jump hurts euro
NEW YORK, March 12 : The dollar rose against the euro for a third straight day on Thursday, inching closer to its strongest levels this year as surging energy prices sparked worries about Europe's import-dependent economy and drove investors toward the safety of the greenback.Oil prices rose sh ...
Dollar nears 2026 highs as oil price jump pressures euro
NEW YORK, March 12 : The dollar strengthened against the euro for a third straight day on Thursday, inching closer to its strongest levels this year as surging energy prices sparked worries about Europe's import-dependent economy and drove investors toward the safety of the greenback.Oil prices ...
Singapore banks could see biggest losses on Indonesia loans among regional peers due to climate risks
Janice Lim - [SINGAPORE] Among domestic and foreign lenders, Singapore banks could book the highest estimated loss intensity from climate transition risks on their loan...
Dollar nears 2026 highs as volatile oil fans inflation spike fears
(Refiles to drop erroneous h from analyst's name in paragraph 5)By Amanda CooperLONDON, March 12 : The dollar gained for a third consecutive day on Thursday, staying close to its strongest levels this year as surging energy prices stoked inflation worries, which could potentially force central ...
Beijing rejects Sinopec’s request to tap commercial reserve: sources
Sinopec relies on the Middle East for nearly 60% of its total crude oil imports
Asean ministers to hold meetings to address Middle East crisis
Several member countries have already taken concrete steps to cope with the impact of the crisis
Hoi Hup, Sunway MCL launch 588-unit Pinery Residences at prices starting from S$2,340 psf
Chong Xin Wei - Marketing for the Tampines mixed-use project comes on the heels of Rivelle EC’s preview last week
Shell board proposes raising CEO Wael Sawan’s pay package to £13.8 million
Shareholder distributions over a three-year remuneration cycle underpin Sawan’s level of pay
Will GIC and Temasek’s investments in blacklisted AI firm Anthropic backfire?
Jude Chan - Not necessarily; corporate governance – not unconstrained profit – could be the new alpha generator
Slimming down DFI
Samantha Chiew - With a series of divestments, the DFI Retail Group Scott Price now leads is considerably slimmer but leaner than when he first took on the group CEO role. Shareholders are not complaining, though. The first major move in this sequence came on Feb 23, 2023, when DFI sold its food businesses in Malays ...
DFI speeds up transformation with divestments across Asia
Samantha Chiew - DFI Retail Group’s recent divestments are not isolated deals but part of a broader reset, as group CEO Scott Price refocuses the Asian retailer on businesses where it has greater control and better margins In his own words, Scott Price calls himself “a little bit of a rebel”. The group CEO of ...
Deutsche Bank raises bonus pool by 6.6% after mixed performance
The total year-end bonuses go up to 2.7 billion euros for 2025, from 2.5 billion euros the year before
UOB Kay Hian lifts Huationg Global’s TP after record FY2025 performance
Felicia Tan - UOB Kay Hian analysts Heidi Mo and Tang Kai Jie have raised their target price for Huationg Global to $1.23 from $1.15 previously after the construction company posted record high earnings in FY2025. For the 12 months ended Dec 31, 2025, Huationg’s earnings rose by 21.1% y-o-y to $19.8 million, ex ...
South Korea to cap fuel price starting Friday to ease consumer burden
SEOUL, March 12 : South Korea said on Thursday that it will cap domestic fuel prices starting on Friday to combat a spike in energy costs stemming from the conflict in the Middle East. The move comes as South Korea is scrambling to cushion the impact of the Middle East energy crisis on Asia' ...
South Korea to impose fuel price cap starting Friday, media reports say
SEOUL, March 12 : South Korea will cap domestic fuel prices starting on Friday to combat a spike in energy costs stemming from the conflict in the Middle East, media reports said. South Korea will also restrict the stockpiling of petroleum products, requiring refiners to release at least 90 per c ...
Chipmaking tool provider KLA unveils additional $7 billion share buyback and dividend increase
March 12 : Chipmaking tool provider KLA Corp on Thursday announced a new $7 billion stock buyback program and a 21 per cent increase in its quarterly dividend, while reaffirming its forecast for the current quarter.This buyback, with no specified timeframe, is in addition to the company's exist ...
Bumble shares surge as investors swipe right on AI-powered reboot
March 12 : Bumble shares jumped more than 40 per cent in early trading on Thursday after the company posted upbeat fourth-quarter revenue and unveiled an AI‑driven overhaul of its apps to lure back younger users.The rebound comes after years of losses and battered investor confidence, with the sto ...
Bumble shares rally on earnings beat, optimism around AI‑led app revamp
March 12 - Bumble shares surged 25 per cent in premarket trading on Thursday, as stronger‑than‑expected fourth‑quarter results and an AI‑focused overhaul of its dating app aimed at winning back younger users reignited investor optimism. CEO Whitney Wolfe Herd's push for AI‑driven prod ...
Bridge Data Centres to invest up to S$5 billion in Singapore AI push
Shikhar Gupta - The Bain Capital-backed firm is aiming for 2 gigawatts of regional capacity by 2030
