Apple in early settlement talks with US DOJ over antitrust case, Bloomberg News reports
July 17 : Apple and the U.S. Department of Justice are in early discussions about settling a 2024 lawsuit that alleges the iPhone maker violated antitrust laws, Bloomberg News reported on Friday, citing people with knowledge of the matter.Apple and the DOJ did not immediately respond to Reuters requ ...
Trump Media pitched $100,000 monthly fee for fastest feed of US president's posts, sources say
NEW YORK, July 17 : Donald Trump's social media company has discussed charging Wall Street traders and investment firms as much as $100,000 a month for faster access to the U.S. president's posts on his Truth Social platform, according to people familiar with the matter.Trump Media & T ...
Trump Media pitched $100,000 monthly fee for fast feed of US president's posts, FT reports
July 17 : Donald Trump's social media company has discussed charging traders and investors as much as $100,000 a month for faster access to the U.S. president's posts on his Truth Social platform, the Financial Times reported on Friday.Trump Media & Technology Group did not immediately ...
Meta, Anthropic in talks for potential $10 billion compute lease deal, source says
July 17 : Meta Platforms is in talks to lease computing power to Anthropic in a potential deal worth up to $10 billion over two years, according to a source familiar with the matter. Shares of the social media giant pared losses slightly after the news and closed down more than 2 per cent amid a wid ...
Meta, Anthropic in talks for potential $10 billion compute lease deal, NYT reports
July 17 : Meta Platforms is in talks to lease computing power to Anthropic in a potential deal worth as much as $10 billion over two years, the New York Times reported on Friday, citing three people with knowledge of the discussions.Shares of the social media giant slightly pared losses on the news ...
France blocks access to Polymarket website
PARIS, July 17 : France has blocked access to the Polymarket betting website, the country's gambling regulator said on Friday, citing concerns it could expose users to significant gambling losses and that some wagers offered on the platform could be manipulated."On July 16, 2026, the presi ...
French internet service providers told to block access to Polymarket
PARIS, July 17 : France's gambling regulator said on Friday it had instructed internet service providers to block access to the Polymarket betting website, citing concerns that it could expose users to significant gambling losses and that some wagers offered on the platform could be manipulated ...
Dollar holds steady on safe-haven demand, ends down on the week
NEW YORK, July 17 : The dollar was flat on Friday, but ended the week lower as tame U.S. inflation data led traders to cut bets on imminent rate hikes from the Federal Reserve. Iran and the United States exchanged intensifying fire in a week-long escalation that has largely unravelled last month ...
Dollar steadies on safe-haven demand but set for weekly decline
LONDON/NEW YORK, July 17 : The dollar was flat on Friday, on track for a weekly decline as tame U.S. inflation data led traders to cut bets on imminent rate hikes from the Federal Reserve. Iran and the United States exchanged intensifying fire in a week-long escalation that has largely unravelled la ...
BofA names senior executives to drive AI adoption in global markets-memo
NEW YORK, July 17 : Bank of America has announced senior appointments to drive AI adoption and implementation across its global markets group, according to an internal memo seen by Reuters on Friday.The bank named Kevin Milsom as head of platforms AI transformation, according to the memo by Ashok Kr ...
Musk's X, major labels end dispute over music on social-media platform
July 17 : A group of major music publishers including Universal Music Group and Sony Music have agreed to end a legal dispute with Elon Musk's X Corp over the use of their music on the X social-media platform, according to federal court filings.X Corp and the music labels asked a Tennessee fede ...
STI takes a breather as banks consolidate; AirTrunk’s data centre REIT could list in Sept with 5.5% yield
Goola Warden - AirTrunk’s data centre REIT IPO is likely to list at a 5.5% yield, with an aggregate leverage of around 36% and with the sponsor holding 48%. The market capitalisation at IPO could be in the vicinity of $3.6 billion, with the REIT raising around $1.9 billion. The largest asset could be an 80% stak ...
Apple closes in on Nvidia in race for world's most valuable company
July 17 : Apple is within striking distance of overtaking Nvidia as the world's most valuable company, a milestone that would reshuffle the ranks of tech heavyweights as investors reassess the outlook for AI.Apple was last valued at $4.90 trillion as its shares rose marginally in premarket trad ...
Apple unseats Nvidia to become world's most valuable company as AI bets shift
Some analysts say Apple is sitting on an AI gold mine in the form of the personal data that lives on every iPhone, but such data is locked away in the name of privacy.
US import prices unexpectedly rise in June
WASHINGTON, July 17 : U.S. import prices unexpectedly rose in June as declines in the costs of food and energy products were more than offset by higher prices for capital and consumer goods, leading to the largest annual increase in imported inflation in nearly four years.Import prices increased 0.3 ...
Zoox recalls self-driving cars because they may not detect smoke
WASHINGTON, July 17 : Amazon.com self-driving car unit Zoox said Friday it will recall 105 autonomous vehicles because they may not detect heavy smoke and could impede emergency personnel.Last week, the top U.S. auto safety official said self-driving car companies must quickly address a "cle ...
Dollar steady but set for weekly drop on fading US rate hike bets
The dollar index was less than 0.1% higher at 100.79
Indian regulator warns of 'boss scam', a cyber fraud targeting top executives
MUMBAI, July 17 : Indian markets regulator on Friday issued a warning against a cyber fraud involving impersonation of CEOs and other senior executives of companies to trick employees into transferring funds. The Securities and Exchange Board of India (SEBI), while referring to this as 'boss sc ...
Exclusive-Saudi PIF set to win EU nod for Electronic Arts deal under subsidy rules, sources say
BRUSSELS, July 17 : A group of investors including Saudi Arabia's Public Investment Fund is set to secure European Union approval for its $55 billion acquisition of video game developer Electronic Arts under EU subsidy rules, people familiar with the matter said. Saudi Arabia's $1 trillion ...
‘Tangible progress’: SIA defends Air India investment in response to Sias
Ranamita Chakraborty - The airline group’s replies come ahead of its AGM on Jul 24
Airbus wins major order from Air China to firm regional hold
The deal adds to a series of successful sales campaigns for the European planemaker
Telstra CEO points to undocumented software change for outage in Senate testimony
July 17 : Telstra CEO Vicki Brady told a Senate inquiry on Friday that last week's outage at Australia's largest telecoms firm was likely caused by an undocumented design change and a missed software update on a network time-keeping device.Last Wednesday's outage, the latest in a seri ...
Rising fees are changing the role of South-east Asia’s e-commerce enablers
The economics of e-commerce have changed in recent years amid rising marketplace commissions
Most buyers of million-dollar HDB flats paid no COV in 2025: PropNex
Chong Xin Wei - Survey finds that demand for such units was driven by 30 to 49-year-olds and retirees
Network School: Malaysia’s Forest City controversy explained
The Immigration Department’s ongoing probe has uncovered no evidence of participation by Israeli nationals
Global equity funds draw inflows for the eighth week on earnings optimism
July 17 : Global equity funds attracted inflows for an eighth consecutive week through July 15, as investor risk appetite was lifted by a strong start to the earnings season and cooler U.S. inflation data that eased expectations of Federal Reserve rate hikes.Investors made net purchases of $12.46 bi ...
Singapore stocks fall on Friday as local banks take a hit; STI down 0.5%
Across the broader market, gainers trail losers 226 to 365, after 1.2 billion securities worth S$2.1 billion change hands
SpaceX IPO earns millions for US Small Business Administration head Kelly Loeffler
WASHINGTON, July 17 : U.S. Small Business Administration head Kelly Loeffler multiplied the value of her investment in Elon Musk's SpaceX after she was nominated for the job, earning millions of dollars from the company's record initial public offering, a Reuters review of her financial di ...
Chinese startup Moonshot’s powerful new AI model closes gap with US rivals
It is said to outperform all competitors except Anthropic’s Claude Fable 5 and OpenAI’s GPT-5.6
Netflix tumbles as slowing growth, less viewership data spook investors
July 17 : Netflix shares sank more than 10 per cent premarket on Friday after the streaming giant forecast another quarter of slower revenue gains and scaled back viewership data, fueling fears that its industry-beating growth may have peaked.In its latest disclosure pullback, the company cut the fr ...
"Lacks excitement": Netflix tumbles 9% as weak earnings forecast deepens doubts over growth
July 17 : Netflix's shares tumbled 9.2 per cent before the bell on Friday following another weaker-than-expected earnings forecast from the streaming major, deepening doubts about its ability to sustain growth momentum.While the company has gone beyond its traditional subscription-driven model, ...
UOB brings 63 children of UOB Privilege Banking clients to three-day leadership programme with SMU
The Edge Singapore - United Overseas Bank (UOB) has conducted a three-day leadership programme for 63 children of UOB Privilege Banking clients aged 18 to 25. The programme, held from July 14 to 16, was done in partnership with the Singapore Management University (SMU) Business Families Institute and Steward Leadership ...
Global IPO proceeds jump 210% in 1H2026 even as deal volumes slip: EY
Lynnette Tania Lee - Global initial public offering (IPO) activity pulled in two directions in the first half of 2026. Fewer companies went public, yet those that did raised far more money, as a clutch of mega-listings lifted proceeds even while deal counts fell. A total of 509 companies raised US$193.6 billion ($249.4 ...
Chief Justice Sundaresh Menon to retire in February 2027, to be succeeded by Justice Sushil Nair
Chief Justice Menon has led the Singapore judiciary through significant transformation, says the Prime Minister’s Office
