Oracle says data center outage causing issues faced by US TikTok users
WASHINGTON, Jan 27 : Oracle on Tuesday said issues faced by U.S. users of social media app TikTok are the result of a temporary weather-related power outage at an Oracle data center, after California Governor Gavin Newsom linked the issues to what he called the suppression of content critical of Pre ...
Oracle says outage at data center causes issues faced by US TikTok users
WASHINGTON, Jan 27 : Oracle said on Tuesday that issues faced by U.S. users of social media app TikTok are the result of a temporary weather-related power outage at an Oracle data center. "Over the weekend, an Oracle data center experienced a temporary weather-related power outage which impacte ...
S-Reits set for first DPU recovery in four years: Julius Baer
Shikhar Gupta - Singapore’s retail and office sectors are well placed to benefit this year, the analyst says
Trump says value of US dollar is ‘great’, currency hits 4-year low
Losses in the dollar index accelerated after Trump’s comments
ST Engineering secures total 4QFY2025 orders worth $4.7 bil
The Edge Singapore - Singapore Technologies Engineering has won orders totalling $4.7 billion in the most recent 4QFY2025, bringing total FY2025 orders to $18.7 billion, 49% higher than FY2024's total of $12.6 billion. The biggest chunk of the new contracts won in 4QFY2025, at $2.5 billion, came from its defence &a ...
ST Engineering secures total 4QFY2025 orders worth $4.7 billion
The Edge Singapore - Singapore Technologies Engineering has won orders totalling $4.7 billion in the most recent 4QFY2025, bringing total FY2025 orders to $18.7 billion, 49% higher than FY2024's total of $12.6 billion. The biggest chunk of the new contracts won in 4QFY2025, at $2.5 billion, came from its defence &a ...
LVMH suffers sluggish sales of high-end fashion and handbags
In uncertain times, consumers see gold necklaces, bracelets and the like as better stores of value than trendy handbags
Carbon tax: Where Singapore stands in a world divided on price
Kimberly Wee - From a whopping US$160 to just above US$0.70, the price of a tonne of carbon is set to remain at extremes globally
Diminishing returns from rate cuts set to test South-east Asia’s growth in 2026
Elisa Valenta - Geopolitical risks and doubts over AI-driven expansion are reducing the economic impact of monetary easing: Standard Chartered
Listed companies have to walk the talk for SGX’s Value Unlock programme to succeed
Benjamin Cher - A good mix of transparency and engagement will be needed to keep market momentum going
SK Innovation reports Q4 operating profit of $235 million
SEOUL, Jan 28 : SK Innovation Co Ltd, owner of South Korea's top refiner SK Energy, on Wednesday posted an operating profit of 337 billion won ($235 million) for the October-December period, according to Reuters calculations.That compared with a profit of 160 billion won a year earlier and a 35 ...
Pinterest to cut ‘less than 15%’ of staff amid AI push
The company expects to complete the restructuring plan near the end of its third quarter, ending Sep 30, 2026
Inside Starbucks’ supply struggles: AI glitches, scattered suppliers and sandwich shortages
The coffee chain’s various problems include inaccurate automated counting and ancient computers
Amazon is closing its fresh grocery, Go convenience stores
The moves mark the e-commerce giant’s latest retreat from its brick-and-mortar retail efforts
Euro rises to US$1.20 for the first time since mid-2021
Investors are limiting exposure to the US dollar
Seagate forecasts quarterly results above estimates on strong data storage demand
Jan 27 : Seagate Technology forecast third-quarter revenue and profit above Wall Street expectations on Tuesday, benefiting from strong demand for its data storage devices as enterprises scale up their use of artificial intelligence. Tech firms are investing hundreds of billions of dollars into d ...
Affordability a key focus as food delivery platforms continue to grow: Momentum Works
Benjamin Cher - This has driven down average order value, but the net effect is faster gross merchandise value growth
Oil futures surge 3% a barrel as winter storm slams US output
Severe weather has boosted crude futures
Commentary: How China manages Singapore-based Manus’ sale will reveal its AI ‘red line’
Beijing is wary of AI startups getting the wrong idea from Meta’s deal to buy a Chinese-founded, Singapore-headquartered AI company, says Wang Shengyu from the Asia Society Policy Institute.
US stocks: S&P 500 marks closing record as corporate earnings roll in; Medicare rates hit insurers
Technology stocks helped extended Monday’s gains
Latin American e-commerce to top $215 billion as consumers demand rapid delivery, report says
MEXICO CITY, Jan 27 : Online shopping in Latin America is projected to reach $215.31 billion this year, as consumers become less loyal to platforms and begin to prioritize reliable delivery and transparent pricing over flashy personalization, according to a report on Tuesday by consulting firm Endea ...
Meta CEO Zuckerberg blocked curbs on sex-talking chatbots for minors, court filing alleges
Jan 27 : Meta Chief Executive Mark Zuckerberg approved allowing minors to access AI chatbot companions that safety staffers warned were capable of sexual interactions, according to internal Meta documents filed in a New Mexico state court case and made public Monday. The lawsuit – brought by the ...
Revolut launches full banking operations in Mexico in first expansion outside Europe
Jan 27 : Britain's Revolut said on Tuesday that it has officially launched full banking operations in Mexico, marking its first bank established outside of Europe as the fintech accelerates its expansion into high-growth markets.Revolut Bank S.A. IBM has become the first independent digital ban ...
US banks may lose $500 billion to stablecoins by 2028, Standard Chartered warns
Jan 27 : U.S. dollar-backed crypto tokens known as stablecoins could pull around $500 billion in deposits out of U.S. banks by the end of 2028, Standard Chartered estimated on Tuesday - new analysis that could intensify a fight between banks and crypto companies over legislation to set rules for the ...
Pinterest cuts up to 15% jobs to prioritize AI push, shares sink
Jan 27 : Pinterest will trim less than 15 per cent of its workforce, the social media platform said on Tuesday, as it plans to reallocate resources to its artificial intelligence-focused roles and strategy.Shares of the company, however, tumbled nearly 10 per cent after its AI pitch failed to ignite ...
TikTok settles social media addiction lawsuit ahead of trial against Meta, YouTube
WASHINGTON, Jan 27 : TikTok agreed to settle a landmark lawsuit on social media addiction on Tuesday, according to one of the plaintiff's lawyers, the same day the trial was due to start against two remaining companies.Terms of the settlement were not disclosed. TikTok is one of four companie ...
Tiktok settles social media addiction lawsuit ahead of trial
WASHINGTON, Jan 27 : Tiktok agreed to settle a social media addiction lawsuit on Tuesday, according to one of the plaintiff's lawyers. The case involves a 19-year-old from California, identified as K.G.M., who said she became addicted to social media platforms at a young age because of their a ...
Fintech sector to continue recovery in 2026, Israeli venture firm says
JERUSALEM, Jan 27 : The global financial technology sector will continue to mature in 2026 after recovering sharply in 2025 from a three-year downturn, Israeli technology investment group Viola Ventures said in a report on Tuesday.In its 2026 State of FinTech report, Viola said the sector was enteri ...
UPS to cut another 30,000 jobs as it doubles down on turnaround
UPS is also looking to rebuild its profitability and stabilise volumes
WhatsApp unveils high-security mode, latest tech firm to offer users stronger protection
WASHINGTON, Jan 27 : Meta's WhatsApp messaging service is offering users an advanced security mode, joining a growing number of U.S. tech firms that are letting users opt into stronger protections against hackers in exchange for a more restrictive experience.The new option, rolling out on Tuesd ...
S&P, Nasdaq opens higher as earnings roll in
[NEW YORK] The S&P 500 and the Nasdaq opened higher on Tuesday (Jan 27) as investors parsed a fresh round of mega-cap...
American Airlines forecasts upbeat 2026
Flags up to US$200 million hit from winter storm
Cloudflare surges as viral AI agent buzz lifts expectations
Jan 27 : Cloudflare shares surged about 14 per cent premarket on Tuesday as social media buzz around the "Clawdbot" AI agent rekindled investor enthusiasm for the company's tools that help run the technology.Developers building with Clawdbot, which is based on Anthropic's Claude, ...
Japan to respond appropriately on forex, finance minister says
TOKYO, Jan 27 : Japanese Finance Minister Satsuki Katayama said on Tuesday that the government would take appropriate action on foreign exchange if needed, while declining to comment on another sharp spike in the yen. The Japanese currency jumped by more than one yen to the dollar late on Tuesday a ...
