Trump says he thinks AI companies will agree to 'giving back' to the public
WASHINGTON, June 10 : U.S. President Donald Trump said on Wednesday that he expects top artificial intelligence companies to agree to "giving back" to the public, an apparent reference to a possible government stake in the firms."I'm going to have meetings with the top 12 or 15 e ...
Uber sues New York City over 'reckless' driver protection law
NEW YORK, June 10 : Uber Technologies sued New York City to block enforcement of a new law that it said would unconstitutionally force it to keep drivers it does not want on its platform.In a complaint filed late on Tuesday night, Uber said the law against "wrongful deactivations" would im ...
Mitsubishi UFJ Morgan Stanley Securities aims to grow retail wealth assets by $62 billion
TOKYO, June 11 : Japan's Mitsubishi UFJ Morgan Stanley Securities (MUMSS) aims to increase assets managed for retail clients by 10 trillion yen ($62 billion) over the medium to long term, its president told Reuters. The securities firm and investment bank - a joint venture between Japan's ...
OpenAI expects to go public 'within the next year,' the Information reports
June 10 : OpenAI CEO Sam Altman told staff in a message earlier this week that he expected the AI startup to go public "within the next year," The Information reported on Wednesday.The ChatGPT maker on Monday said it had confidentially filed for a U.S. initial public offering recently, joi ...
Russia lifts Roblox ban, Interfax reports
MOSCOW, June 10 : Russian authorities have lifted a ban on U.S. gaming platform Roblox, Interfax news agency reported on Wednesday.The digital development ministry said on Tuesday it had asked law enforcement agencies to support lifting the restrictions after the company pledged to strengthen protec ...
Applied Materials expands Singapore operations, plans 1,000 jobs amid AI chip demand
The new roles are "good jobs" that will allow Singaporeans to work on frontier technologies and gain exposure to global operations, said Deputy Prime Minister Gan Kim Yong.
Google and Meta denied new trial in youth social media addiction case
June 10 : A California state court judge has denied motions by Meta Platforms and Google's YouTube seeking a new trial after a jury found the companies liable for designing social media platforms that are harmful to young people.Los Angeles Superior Court Judge Carolyn Kuhl ruled on the motions ...
Google and Meta denied new trial in youth social media addiction case, sources say
June 10 : A California state court judge denied motions by Meta Platforms and Google's YouTube seeking a new trial after a jury found them liable for designing social media platforms that are harmful to young people, sources familiar with the ruling confirmed on Wednesday.Los Angeles Superior C ...
US stocks: Wall Street dips as tech declines, Middle East tensions mount
WALL Street’s major indexes edged lower on Wednesday (Jun 10), as technology stocks extended losses and renewed tensions between the United States...
May is another active month for SGX with volumes reaching new highs
The Edge Singapore - The Singapore Exchange has chalked up another active month in May with daily trading value hitting the highest level since October 2007. Securities daily average value for the month surged by 79% to $2.4 billion. Thanks to rising volume and value, Singapore's market cap overtook Jakarta's ...
Greenback treads water with US-Iran clashes, inflation data in focus
The euro is flat, while sterling is little changed
Hormuz block sparks 'never seen before' disruption: Shell CEO
More than 10 per cent of global oil production has been removed from the market since the start of the Middle East war, Shell CEO Wael Sawan told a summit of top business leaders.
Worker bees build a 'royal palace' for the honeybee queen
June 10 : Honeybee queens come from the same ordinary fertilized female eggs as worker bees. So how does one bee become a queen - with the responsibility of serving as the colony's only baby maker - rather than just another worker? Until now, scientists believed it was solely because the chosen ...
South Korea inspects major FX banks for destabilising won trades
Its Customs Service uncovers 415.4 billion won in illegal FX transactions at 38 firms between January and May
US inflation hits 3-year high in May as Middle East conflict raises prices of gas, energy products
WASHINGTON: US consumer inflation increased at its fastest pace in three years in May as the Middle East conflict raised the price of gasoline and other energy products, giving more ammunition for the F
UK regulator warns online platforms of rising risks after Belfast attack
LONDON, June 10 : Britain's media regulator Ofcom on Wednesday warned online platforms of possible legal consequences if their services are used to incite violence and spread hatred linked to recent civil unrest in Belfast, following a knife attack in the city.Ofcom said it had told the online ...
Trump Media and TAE Technologies will not spin off Truth Social
June 10 : Trump Media and Technology and TAE Technologies said on Wednesday that they had decided against spinning off Truth Social and certain other TMTG media assets into a new publicly listed company. TMTG, founded by U.S. President Donald Trump and known for its conservative-focused Truth Social ...
Franklin Templeton to participate in SpaceX IPO, CEO Johnson tells CNBC
June 10 : Fund manager Franklin Resources, better known as Franklin Templeton, will participate in rocket maker SpaceX's blockbuster initial public offering this week, CEO Jenny Johnson told CNBC on Wednesday.Speaking on a CNBC interview, Johnson said clients were calling up the asset manager a ...
STT GDC expands Jakarta data centre campus as Indonesia’s AI needs grow
Chloe Lim - The move advances a development pipeline of more than 360 MW of AI‑ready, sustainable IT capacity in the country
STT GDC expands Jakarta data centre campus to tap Indonesia’s growing AI needs
Chloe Lim - The move advances a development pipeline of more than 360 MW of AI‑ready, sustainable IT capacity in the country
Paramount, Warner Bros deal under EU subsidy scrutiny, decision due July 14
BRUSSELS, June 10 : Paramount Skydance Corp's $110 billion takeover of Warner Bros Discovery, backed by Gulf sovereign wealth funds, is under European Union subsidy scrutiny, according to a European Commission filing.The U.S. entertainment giant sought EU approval under its Foreign Subsidies Re ...
ING bets on subscription model to lift fees amid growing digital-banking competition
June 10 : ING launched a new subscription-based banking model for clients in the Netherlands on Wednesday, in a move aimed at diversifying income streams and protecting its market share.The Dutch-based bank expects the model, which is to be rolled out across its markets by mid-2027, to deliver a &qu ...
Malaysia palm reserves jump most in five months after sharp drop in exports
The fall is from buyers flocking to discounted Indonesian cargoes after Jakarta’s overhaul of key commodity exports
Thomson Reuters faces shareholder vote over ICE contracts
June 10 : Content and technology company Thomson Reuters faces a shareholder vote at its annual meeting on Wednesday over its U.S. government contracts for services that some investors and employees say may help power the Trump administration’s crackdown on undocumented immigrants.The resolution, ...
LinkedIn launches new effort in push to capture business advertisers
June 10 : LinkedIn is aiming to burnish its position as a go-to platform for business advertisers with a new team of marketing experts that it expects to generate an annualized run rate of $100 million next fiscal year, a source familiar with the matter said. The Microsoft-owned platform on Wednesda ...
CICT’s S$3.9 billion Paragon buy draws scrutiny over timing, funding at EGM
Ry-Anne Lim - Still, unitholders vote overwhelmingly in favour of the proposed acquisition, with 99.96% of votes for it
CICT’s S$3.9 billion Paragon buy draws scrutiny over timing, funding risks at EGM
Ry-Anne Lim - Still, unitholders vote overwhelmingly in favour of the proposed acquisition, with 99.96% of votes for it
Half of Americans fear AI could put someone in their household out of work: Reuters/Ipsos poll
Many of the announced job cuts have come at tech firms
The Onitsuka Tiger story: From an octopus-inspired sole to a Nike link
Onitsuka Tiger's predecessor, Onitsuka Co, was founded in post-World War II Japan and produced basketball shoes as its first athletic footwear.
Applied Materials boosts Singapore manufacturing operations with US$500 million campus to meet AI chip demand
Lionel Lim - Asia accounts for more than 80% of the American firm’s revenue
Applied Materials boosts Singapore manufacturing operation with US$500 million campus to meet AI chip demand
Lionel Lim - Asia accounts for more than 80% of the American firm’s revenue
Bank of Japan governor Ueda hospitalised, will miss June meeting
Ueda will attend the next July 30-31 policy meeting
Half of Americans fear AI could put someone in their household out of work, Reuters/Ipsos poll finds
WASHINGTON, June 10 : Half of Americans fear that the rise of AI could put them or someone in their household out of work, according to a new Reuters/Ipsos poll that also showed widespread angst at how widely the technology is being adopted.The six-day survey, completed on Monday, found that 53 per ...
Life on the edge of Musk's Starbase brings fortunes and fractures
STARBASE, Texas, June 10 - The last time SpaceX launched a rocket in South Texas, charter boat captain Eddie Reyes was bobbing in a pontoon boat less than 2 miles from the pad with a group of paying passengers. A blast of flames erupted and shockwaves rattled the boat while the rocket climbed into t ...
