Allbirds shares jump over 500% on plans to pivot to AI from sneakers
Shares of Allbirds surged more than six-fold on Wednesday (Apr 15) after the footwear maker said it was raising capital and pivoting towards artificial intelligence computing infrastructure.The San Francisco-based company said that it would execute a US$50 million convertible financing agreement wit ...
CATL earmarks 30 billion yuan for critical minerals security as Q1 profits surge 49%
The board approves new unit to act as investment and ops platform for the new-energy mining sector
Big ad agencies settle US FTC probe into alleged boycott over political content
April 15 : Three large advertising agencies settled a U.S. Federal Trade Commission probe accusing them of violating antitrust law by conspiring to boycott online media platforms based on political content they didn't like, the agency said on Wednesday.Investigators accused Dentsu, Publicis and ...
Sen Yue gets SGX nod to delist as privatisation offer closes at 97.73%
Tessa Oh - Its delisting date will be announced two business days before it takes effect
Diverse AI solutions clinch top honours at Design AI and Tech Awards
Benicia Tan - The finalists spanned sectors from the public service to marketing and financial services
SIA Group flies record 42.4 million passengers in last financial year, March traffic surges
In March, SIA Group's passenger traffic growth outpaced its passenger capacity increase.
Singapore tells US it has no forced labour in supply chains, pushes back on overcapacity claims
Tessa Oh - Any trade surplus the city-state runs with other nations is a ‘market-driven’ outcome, says MTI
Snap to cut 1,000 jobs after activist pressure, bets on AI efficiency
The firm expects to cut over US$500m in annual expenses by year’s second half through these layoffs
Wall Street opens higher with earnings in focus
[NEW YORK] Wall Street’s main indexes opened higher on Wednesday (Apr 15) as investors assessed the latest developments in the Middle East...
UK financial watchdog to consult on proposed crypto regulations
April 15 : Britain's financial regulator said on Wednesday it was consulting on how firms might be affected by the regulation of the crypto industry which is due to come into effect by October 2027. Under the consultation, the Financial Conduct Authority (FCA) is seeking feedback on proposed re ...
Innotek raises $16 mil via placement from investors including Amova, Asdew, Avanda
The Edge Singapore - InnoTek has raised gross proceeds of $16 million via a recent placement at 65.06 cents each. Several of the investors who took up the 24.6 million shares are the usual suspects. They include Amova Asset Management, Areca Capital, Asdew Acquisitions, Avanda Investment Management, Ginko-AGT Global Gro ...
EU warns Meta WhatsApp AI fee breaches antitrust rules, orders rollback
BRUSSELS, April 15 : The European Commission said on Wednesday it intended to order Meta Platforms to reinstate rival artificial intelligence assistants on its WhatsApp messaging service after the U.S. tech giant imposed an access fee."The Commission notified Meta that the revised policy seems ...
EU targets Meta with possible interim measures over WhatsApp AI rival ban
BRUSSELS, April 15 : The European Commission said on Wednesday it intended to impose interim measures on Meta Platforms after the U.S. tech giant moved to reinstate artificial intelligence assistants from rivals on its WhatsApp messaging service for a fee."The Commission notified Meta that the ...
Adobe releases AI assistant for creative tools, says it will work with Anthropic's Claude
Trump says will fire Fed chair if he stays beyond mandate
Jerome Powell's term at the helm of the Fed ends in mid-May.
Jane Street signs $6 billion AI cloud deal with CoreWeave, boosts stake
April 15 : Trading firm Jane Street has committed about $6 billion for CoreWeave's cloud services, marking the third multi-billion-dollar deal for the Nvidia-backed neocloud company in a week and underscoring surging demand for computing capacity as AI use rises.Jane Street also made a $1 billi ...
ASML lifts 2026 forecast as surging AI chip demand boosts new orders
The firm’s revenue will now be between 36 billion and 40 billion euros in 2026
Stellantis eyes Dongfeng carmaking deal in Europe, China
Stellantis may share European plants with Dongfeng in exchange for China-based production
AI deployment has ‘stalled’ for most Asia companies: report
Koh Kim Xuan - Only 1% of firms have fully embedded artificial intelligence in their businesses
Trump backs government AI safeguards in banking system, acknowledges risks
WASHINGTON, April 15 : U.S. President Donald Trump acknowledged the risks artificial intelligence posed to the banking system and said there should be government safeguards, but also believed the technology could make the banking system better and safer, according to an interview broadcast on Wednes ...
iX Biopharma’s Lee and wife Tang sell 13 mil shares on two different occasions
Teo Zheng Long - Eddy Lee Yip Hang, executive chairman of iX Biopharma (SGX: 42C ) , and his wife, Jane Tang Choy Leng, sold 13 million shares in the company on April 10 and April 13. On April 10, Lee sold 10 million shares via married deal for a total consideration of $2.6 million. This translates to an average pri ...
Italy's curbs on Chinese investor allow Pirelli full access to US market, minister says
MILAN, April 15 : Curbs set by Italy's government to limit Chinese shareholder influence over Pirelli will allow the tyre maker to compete in the U.S. market, industry minister Adolfo Urso was quoted as saying on Wednesday by news agency ANSA.Among terms set last week by Rome under golden power ...
Yangzijiang spins off new unit to operate vessel delivery and repair in Nantong
Tessa Oh - The new subsidiary has a registered capital of US$100 million, funded through the group’s internal resources
Bank of America profit rises as trading shines
Sales and trading revenue rose 13% to US$6.4 billion in the first quarter
Robots, drones could slash global food delivery costs to $1 per order, Barclays says
April 15 : Autonomous food delivery robots and drones could cut costs by several dollars to as low as $1 per order, a shift that could unlock billions of dollars in profits for the global food delivery industry, Barclays said on Wednesday. Global platforms such as DoorDash are partnering with autono ...
Indonesia’s eFishery founder faces 10 years in jail
The trial marks a spectacular fall for the former crown jewel of Indonesia’s agritech sector
Aspial Lifestyle reports 1QFY2026 profit before tax of $40 mil, up 140% y-o-y; intends to explore fund-raising options
Teo Zheng Long - Aspial Lifestyle (SGX: 5UF ) has reported a 140% y-o-y increase in profit before tax to $40 million for 1QFY2026, ended 31 March. Revenue saw a growth of 48% y-o-y to $247 million, driven by sustained strong demand for the products and services offered across its portfolio of brands. The company add ...
Leidos, Analogic to form security tech joint venture
April 15 : Defense contractor Leidos Holdings will spin off its security and industrial automation businesses and combine them with security imaging and detection company Analogic Corporation to form a new joint venture, the companies said on Wednesday.Analogic, owned by investment firm Altaris, dev ...
Unitree launches cheapest humanoid robot on AliExpress to rival Tesla
The robotics specialist eyes 4.2 billion yuan IPO as it taps Alibaba to boost global humanoid robot sales
Singapore stocks rise amid mixed regional showing; STI up 0.3%
Benicia Tan - Across the broader market, gainers outnumber losers 372 to 235 after 2.2 billion securities change hands
SIA Group flies record 42.4 million passengers in FY2026; March traffic up 14.7%
Deon Loke - The annual passenger total is a 7.7% increase from the previous record of 39.4 million
SIA Group flies record 42.4 million passengers in FY2025/26; March traffic up 14.7%
Deon Loke - The annual passenger total is a 7.7% increase from the previous record of 39.4 million
Geo Energy Resources raises $18.4 mil from investors including Centurion's Han, Asdew
The Edge Singapore - Geo Energy Resources has raised gross proceeds of $18.4 million by placing out new shares to a group of investors. Based on today's closing price of 61.5 cents, which lifts the company's market cap above $1 billion, these investors are already in the money as they subscribed for the new sh ...
Sanli Environmental secures $14 million in new contracts, prioritising timely execution of record order book
Lin Daoyi - In a bourse filing on April 15, environmental engineering solutions and services provider Sanli Environmental updated that it has won $14 million worth of new contracts in 1Q2026, with $13.7 million from a major customer for maintenance-related services over a three-year period. “We believe that t ...
