Meta takes legal action against Israeli spyware firm NSO Group
June 8 : Meta said on Monday it is filing a federal court contempt order against Israeli spyware firm NSO Group for violating a permanent injunction that barred it from ever targeting WhatsApp and its users.
UK competition watchdog launches probe into eBay's purchase of Depop
June 8 : UK's competition regulator on Monday launched a probe into eBay's $1.2 billion purchase of Gen Z-focused fashion resale platform Depop from Etsy.
UK watchdog begins formal review of eBay's purchase of Depop
June 8 : Britain's competition regulator said on Monday it would begin formally reviewing eBay's planned acquisition of Gen-Z focused fashion resale platform Depop after ending the first part of its information gathering process. The Competition and Markets Authority (CMA) said it had clos ...
Eni and Petronas launch gas joint venture in South-east Asia
The new company will start from an initial production base of over 300,000 barrels of oil equivalent per day
Italy’s top bank Intesa launches unsolicited 30.6 billion euro bid for rival Monte dei Paschi
The merged entity will be eurozone’s second-biggest by market value, with a capitalisation of 126 billion euros
Big tech firms must stop young people circulating nude images, says UK PM Starmer
LONDON, June 8 : Big tech firms operating in Britain must introduce safety measures on children's phones to prevent them from circulating nude images or they will face legislation forcing them to do so, Prime Minister Keir Starmer said on Monday. Under the new plans, firms like Apple and Google ...
SpaceX IPO will not break capital markets but add to strains
The stock debut will widen the valuation gap between the constituents of indices and the companies outside them
UK PM Starmer set to ban ‘harmful’ social media for under-16s
France, Denmark and Poland are also considering tightening rules around social media use for children
Europe’s Stoxx 600 hits two-week low on Middle East escalation, AI jitters
EUROPE’S Stoxx 600 share index slid to a two-week low on Monday (June 8), weighed by escalating tensions in the Middle East...
Panasonic to start US data centre battery production by fiscal 2028
TOKYO, June 8 : Panasonic Holdings said on Monday it plans to start mass production of battery cells for data centre applications at a plant in the U.S. state of Kansas in the financial year 2028, which ends March 2029.Here are some details:• The company said it would allocate about 350 billion ye ...
Carlsberg nears filing for US$700 million India IPO: sources
It is working with Kotak Mahindra Capital and local units of JPMorgan Chase and Citigroup on the share sale
South Korea’s Kospi craters over 8% as Fed fears spark tech rout
President Lee Jae Myung said the market was “still undervalued”
Temasek-backed startup PhysicsX hits US$2.4 billion valuation to provide AI for manufacturing
The startup needs more cash to expand its staff in part because of a roughly six-month backlog of customer demand
Maybank's Krishna Guha raises target price for Sembcorp to $6
The Edge Singapore - Krishna Guha of Maybank Securities has raised his target price for Sembcorp Industries from $5.60 to $6 after news that the utilities company has been chosen by the Emirates Water and Electricity Company as one of the minority partners of a 2.6GW independent power producer project. Leading regional ...
RHB upgrades Apac Realty to ‘buy’ on ‘steady increase in residential supply’
Jovi Ho - RHB Bank Singapore analyst Vijay Natarajan has upgraded Mainboard-listed Apac Realty to “buy” from “neutral” as the risk-reward behind the property agency’s stock “turns favourable”. Apac Realty’s share price has declined some 27% from a near-five year peak in September 2025, present ...
South Korea names first female PM in decades to lead AI push
She would become the first woman to hold the post since former PM Han Myeong Sook in 2006
South Korea's KOSPI craters nearly 9% as Fed fears hammer tech stocks
SEOUL, June 8 : South Korea's stock benchmark plunged over 8 per cent on Monday, tripping circuit breakers, after robust U.S. jobs data lifted bets on a Federal Reserve rate hike and unleashed a selloff in the tech‑heavy market that had powered the broader AI rally.The KOSPI fell 8.3 per cent ...
As the West explores new frontiers, South-east Asia is looking back down at Earth from space
Evan See - Earth observation data sees ‘increasingly pragmatic’ use in trade-heavy corridors and across archipelagos
Singapore well-placed to be Asean’s gold-trading hub as regional duties rise: analysts
Benicia Tan - Creating enough market depth and building the necessary infrastructure is thus a priority, they add
Hormuz strait will be open but with transit fees, Iran envoy to Moscow quoted
Several tankers have managed to leave the Gulf recently, but oil and liquefied natural gas flows are still severely constrained
How a few AI chip giants warped Asia’s stock picking game
TSMC, Samsung and SK Hynix make up a third of MSCI Asia-ex-Japan, raising concentration risks
China’s global e-commerce push stalls as Iran war lifts costs, dampens demand
Exports are still much higher than they were two years ago
OCBC to offer physical gold trading services for institutional, BOS private banking clients from Jun 10
Jermaine Fok - Offerings are available in 12.4 kg and 1 kg sizes
Indonesia’s foreign reserves suffer longest decline since 2018
Foreign investors have pulled more than US$3.5 billion from Indonesian stocks
Indonesia fleshes out plan to strengthen state control over commodity imports
JAKARTA, June 8 : Indonesia's Trade Ministry published technical regulations on Monday that give the central government more control over coal, palm oil and ferroalloy exports, part of a controversial plan by President Prabowo Subianto to boost earnings from the country's plentiful natural ...
Indonesia issues technical regulations to centralise coal, palm oil, ferroalloy exports
JAKARTA, June 8 : Indonesia's Trade Ministry published technical regulations on Monday to bring coal, palm oil, and ferroalloy exports under the control of a central government-owned firm. All three technical regulations have been in effect since June 1, with exporters of those commodities now ...
Sell-off in tech stocks is a buying opportunity, Nvidia CEO says
Fears of overheating in the AI trade have cooled global tech stocks
Nasa to wear Prada as luxury group pushes into space industry
Luxury brands have long drawn inspiration from space travel
Oil jumps as Iran and Israel exchange fire with ceasefire at risk
Even if a US-Iran peace deal is agreed, multiple hurdles will impede normal resumption of oil flows
Oil jumps as Israel retaliates against Iran after missile attack
Even if a US-Iran peace deal is agreed, multiple hurdles will impede normal resumption of oil flows
UOB appoints new CEOs for China and Hong Kong offices
Deon Loke - The leadership changes are part of the bank’s efforts to deepen regional connectivity
UOB appoints new CEOs for China and Hong Kong branches
Deon Loke - The leadership changes are part of the bank’s efforts to deepen regional connectivity
UOB appoints new CEOs for China and Hong Kong branch
Deon Loke - The leadership changes are part of the bank’s efforts to deepen regional connectivity
SpaceX’s US$1.75 trillion IPO: How retail investors, including those in Singapore, can buy shares
The company has reportedly earmarked as much as 30% or US$22.5 billion in shares for retail investors
