3 days ago
Musk's X to change verification system in Europe, Bloomberg News reports
Business Headlines & Market News
Business Headlines and Stock Market News by Singapore Financial News Publishers
3 days ago
Musk's X submits remedies relating to its blue check mark, EU spokesperson says
3 days ago
Amazon plans to shift annual Prime Day sale to June from July
The latest change has implications for the company’s financial reporting
3 days ago
Iran war tips scales for MAS to go for stronger Singdollar in April: economists
Tessa Oh - Analysts now expect a 50 bps steepening of the S$NEER policy band slope
3 days ago
Stellantis weighs deals with China rivals to shore up Europe
European and US carmakers have largely trailed Chinese competitors in cost and battery technology, after state subsidies from Beijing
3 days ago
Qantas agrees to A$105 million settlement in Covid-19 flight credits class action
Sharon Lee - AUSTRALIA’S Qantas Airways said on Friday it has agreed to settle a class action related to flight credits issued during the Covid-19...
3 days ago
US to ease shipping rule in bid to tame spiralling fuel prices
The plan comes as President Donald Trump considers multiple options to stem the dramatic rise in crude and petrol amid the war...
3 days ago
Ships must coordinate with Iran’s navy to pass through Strait of Hormuz, foreign ministry says
[DUBAI] Ships must coordinate with Iran’s navy to pass through the Strait of Hormuz, the country’s foreign ministry spokesperson said in comments...
3 days ago
Oil settles up 9% as Iran vows to keep Strait of Hormuz closed
Middle East Gulf countries have cut total oil production by at least 10 million barrels per day
3 days ago
Commentary: Iran war tests the Gulf’s grip on aviation hub status
The war in Iran has called into question the long-term economic sustainability of the Gulf countries and vulnerabilities of Middle Eastern carriers, says Endau Analytics’ Shukor Yusof.
3 days ago
Stryker flags disruption to orders, manufacturing a day after cyberattack
March 12 : Medical device maker Stryker said on Thursday a cyberattack that hit its computer systems a day earlier is causing widespread disruption to its business, including its ability to process orders, make products and ship them to customers.An Iranian-linked hacking group called Handala claime ...
3 days ago
Commentary: China’s AI lobster craze comes with claws
Fervour for AI agent OpenClaw has consumed China in recent weeks but underneath the excitement, there are concerns, says Catherine Thorbecke for Bloomberg Opinion.
3 days ago
European shares close lower as oil surge sparks inflation worries, rate hike bets
EUROPEAN shares extended losses on Thursday as investors grappled with a surge in oil prices, which brought concerns about inflation amid the war...
3 days ago
US stocks: Wall Street ends sharply lower as intensifying Iran war, soaring crude prompt selloff
[NEW YORK] US stocks fell on Thursday, as Iranian strikes on two oil tankers sent crude prices surging toward US$100 per barrel, further exacerbating...
3 days ago
SentinelOne's quarterly profit forecast falls short of estimates amid stiff competition
March 12 : Cybersecurity firm SentinelOne forecast quarterly profit below Wall Street estimates on Thursday, signaling a cautious stance amid intense competition from larger rivals and a finance leadership transition.Shares of the Mountain View, California-based company were down over 2 per cent aft ...
3 days ago
Backed by Alibaba, Singapore’s MetaComp aims to be ‘Asia’s Revolut’ for businesses
Shikhar Gupta - The fintech firm has raised US$35 million to build a Web 2.5 platform that blends payments and wealth
3 days ago
Adobe's longtime CEO to exit role amid AI disruption, shares fall
March 12 : Adobe's longtime CEO Shantanu Narayen will leave his role once a successor is appointed, the creative tooling company said on Thursday, sending its shares down 6.5 per cent in extended trading on renewed worries around its strategy as it grapples with AI disruption.Narayen's exi ...
3 days ago
Telus says it is investigating hack of its systems
March 12 : Canadian telecommunications and business services firm Telus is investigating a cybersecurity incident involving unauthorized access to some of its systems, a company spokesperson said on Thursday.The ShinyHunters hacking group told Reuters in a message it stole at least 700 terabytes of ...
3 days ago
Amazon unit withdraws from drone trade group, raises safety concerns
WASHINGTON, March 12 : Amazon.com drone unit Prime Air is withdrawing from the Commercial Drone Alliance, saying it had safety concerns that were incompatible with the group's positions.Amazon Prime Air said in a letter seen Thursday by Reuters that the alliance's positions "on the mo ...
3 days ago
Italy fines Intesa Sanpaolo 18 million euros for illicit processing of customer data
MILAN, March 12 : Italy's data protection authority said on Thursday it had fined Italy's biggest bank Intesa Sanpaolo 17.6 million euros for illicit processing of data of around 2.4 million customers the bank unilaterally moved to its digital unit Isybank.Intesa had no immediate comment. ...
3 days ago
US appeals court voids much of injunction against California children's online safety law
March 12 : A federal appeals court on Thursday threw out much of an injunction that had blocked California from enforcing a state law meant to shield children from social media and other online content that could harm them mentally or physically.The 9th U.S. Circuit Court of Appeals said the trade g ...
3 days ago
US appeals court voids most of injunction against California children's online safety law
March 12 : A federal appeals court on Thursday threw out most of an injunction that had blocked California from enforcing a state law meant to shield children from social media and other online content that could harm them mentally or physically.The 9th U.S. Circuit Court of Appeals said the trade g ...
3 days ago
Large shinbone found in New Mexico belongs to close kin of T. rex
WASHINGTON, March 12 : A new analysis of a large shinbone unearthed in a remote spot in northwestern New Mexico in the 1970s shows it belongs to a close relative of Tyrannosaurus rex that predated that huge meat-eating dinosaur by several million years and potentially was a direct ancestor.The shinb ...
3 days ago
Microsoft's Rajesh Jha, head of experiences and devices unit, to retire
March 12 : Rajesh Jha, a key Microsoft executive overseeing products including Windows and Microsoft 365 apps like Word and Teams, announced his retirement on Thursday after more than three decades with the company.Jha, who runs the Experiences + Devices unit, will transition out of his current posi ...
3 days ago
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 ...
3 days ago
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 ...
3 days ago
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 ...
3 days ago
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
3 days ago
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 ...
3 days ago
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 ...
3 days ago
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 ...
3 days ago
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
3 days ago
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...
3 days ago
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 ...