Real-world consequences of social media addiction
Michael Helfman - Social media has become a political weapon. The Cambridge Analytica scandal exposed how personal Facebook data was weaponised to manipulate voters during the Brexit referendum and the 2016 US election. These weren’t isolated incidents; they were symptoms of a larger problem: a system that allows m ...
DayOne Data Centers seeks US$2 billion in upsized funding deal: sources
The data centre operator may reach a valuation of about US$10 billion after the potential fundraising
ProShares withdraws some highly leveraged ETF plans after SEC review halt
Dec 4 : ETF provider ProShares has withdrawn its registration request for some highly leveraged exchange-traded funds after receiving a warning letter from the U.S. securities regulator that flagged risk exposures and paused the review of such plans. Such letters were sent on Tuesday to nine ETF pro ...
Amazon in discussions with USPS about future relationship
WASHINGTON, Dec 4 : Amazon.com said Thursday the e-commerce giant is in discussions with the U.S. Postal Service about its future relationship and considering its options before its current contract expires next year. The Washington Post reported Thursday new Postmaster General David Steiner plans t ...
Amazon plans to cut ties with USPS as it builds its own network, WaPo reports
Dec 4 : Amazon.com is planning to end its long-standing tie-up with the U.S. Postal Service as the ecommerce giant prepares to expand its nationwide delivery network, the Washington Post reported on Thursday, citing three people with knowledge of the matter. The online retailer has long been USPS� ...
Amazon explores cutting ties with USPS, Washington Post reports
Dec 4 : Amazon is preparing to expand its nationwide delivery network and give up its long-standing partnership with the U.S. Postal Service, the Washington Post reported on Thursday, citing three people with knowledge of the matter.Amazon has long-been the postal service's top customer, provid ...
Meta's WhatsApp AI policy in EU antitrust crosshairs
BRUSSELS, Dec 4 : EU antitrust regulators opened on Thursday an investigation into Meta Platforms' new policy regarding AI providers' access to its messaging service WhatsApp, saying this may prevent rivals from offering their services in Europe.The European Commission said the policy, whi ...
CapitaLand Ascott Trust and Sheng Siong Group enter STI reserve list in Dec quarterly review
Nicole Lim - CapitaLand Ascott Trust and Sheng Siong Group have replaced Olam Group and Yangzijiang Financial Holding on the Straits Times Index (STI) “reserve” list, following the December quarterly review. However, there will be no changes to the constituents of the STI. The STI “reserve” list is now m ...
HSBC’s long-term vision questioned after Nelson appointment
Nelson’s elevation comes as a surprise after HSBC’s yearlong hunt for external candidates
STI slips 0.4% amid fears of US economy slowdown
Tay Peck Gek - Across the broader market, decliners edge out gainers 259 to 256 after nearly 1.6 billion securities worth S$1.3 billion change hands
Economist who warned of GFC in 2005 urges caution around private credit
Jovi Ho - In the years since the Global Financial Crisis (GFC), large banks have “backed off” from direct lending, opting to lend indirectly via private credit instead. There, regulations are “more favourable”, and new forms of private credit even allocate risks better, assigning people the “appropr ...
Palantir teams with Nvidia, CenterPoint Energy for software to speed up AI data center construction
SAN FRANCISCO, Dec 4 : Palantir Technologies, Nvidia and U.S. utility CenterPoint Energy on Thursday said they are developing a new software platform to accelerate the building of new artificial intelligence data centers.The new software system will be called Chain Reaction. It will seek to help fir ...
Meta set to face EU antitrust investigation into AI use in Whatsapp -source
BRUSSELS, Dec 4 : U.S. tech giant Meta is set to face a European Union antitrust investigation into use of artificial intelligence in its chat platform Whatsapp, a source told Reuters.The investigation could come on Thursday, the source said.
Cambricon aims to triple chip output to replace Nvidia in China
The company is preparing to deliver half a million artificial intelligence accelerators in 2026
BT launches sovereign data platform for business and public sector
LONDON, Dec 4 : Britain's BT launched a sovereign data platform for its public-sector and business customers on Thursday to store and process their data in the country, responding to increasing demand for higher levels of resilience.Data sovereignty is a growing issue for companies and governme ...
Russia blocks Apple's FaceTime in mounting push against foreign tech platforms
Dec 4 : Russia has blocked Apple's video-calling app FaceTime, the state communications watchdog said on Thursday, as part of an accelerating clampdown on foreign tech platforms that authorities allege are being used for criminal activity.The move follows restrictions against Google's YouT ...
Russia imposes restrictions on Apple's FaceTime app, agencies say
MOSCOW, Dec 4 : Russia has introduced restrictions against Apple's video-calling app FaceTime, widely used in the country after the government restricted WhatsApp and Telegram call services, Russian news agencies reported on Thursday.
Exxon to permanently shut one steam cracker in Singapore from March: Sources
SINGAPORE: ExxonMobil plans to wind down operations at the older of its two steam crackers on Singapore's Jurong Island from March, four sources familiar with the matter said, part of a global petrochemicals sector trend to reduce capacity amid industry losses.The shutdown of the plant, which o ...
Wealth of Singapore billionaires third highest in Apac at US$258.8 billion: report
Tan Nai Lun - Apac billionaires include the Zhang brothers behind Mixue; Tron blockchain’s Justin Sun
Wealth of Singapore billionaires third-highest in Apac at US$258.8 billion: UBS report
Tan Nai Lun - Apac billionaires include the Zhang brothers behind Mixue; Tron blockchain’s Justin Sun
Wealth of Singapore billionaires soar 66% to third-highest in Apac at US$258.8 billion
Tan Nai Lun - Apac billionaires include the Zhang brothers behind Mixue; Tron blockchain’s Justin Sun
Wealth of Singapore billionaires soars 66% to third-highest in Apac at US$258.8 billion
Tan Nai Lun - Apac billionaires include the Zhang brothers behind Mixue; Tron blockchain’s Justin Sun
Hepmil founders chose Publicis acquisition over fresh funding round, citing M&A risks
Young Zhan Heng - Karl Mak, the startup’s CEO and co-founder, says the team was not confident of executing its own M&A deals
Singapore, Malaysia to work on cross-border links with improved taxi scheme, co-located RTS clearance
Tessa Oh - Malaysia agrees to Singapore’s proposal to open consulates in Sabah and Sarawak, deepening ties between both nations
ExxonMobil to permanently shut one steam cracker in Singapore from March: sources
The shutdown of the plant, which opened in 2002, is expected to be complete by June
Britain fines porn website $1.3 million over age checks failure
LONDON, Dec 4 : Britain fined a porn website company 1 million pounds ($1.33 million) on Thursday for not having robust age checks in place to protect children, the biggest penalty to be imposed under its new online safety regime. Media regulator Ofcom said it fined AVS Group Ltd, an operator of 18 ...
Rio Tinto outlines plan to cut costs, raise productivity at strategy day
The miner would take a 4% cut in unit costs from 2024 to 2030
India central bank to tolerate weaker rupee as inflows dry up
[MUMBAI] India’s central bank will tolerate a weaker rupee as the country’s external sector confronts multiple headwinds including a wider trade gap...
Data centres are expensive. Reits are ‘powerful tools’ to raise capital - and Singapore is benefiting
Chloe Lim - Data centres are projected to need US$6.7 trillion in global investments to keep up with computing power demand by 2030
Reits are emerging as ‘powerful tools’ to fund rocketing data centre costs – Singapore benefits
Chloe Lim - Data centres are projected to need US$6.7 trillion in global investments to keep up with computing power demand by 2030
Data centres are expensive. Reits are ‘powerful tools’ to raise capital - and Singapore benefits
Chloe Lim - [SINGAPORE] Data centres are expensive - to construct and to operate, as they are also power-guzzling.
Drew & Napier, Withers to collaborate on claims against Switzerland over Credit Suisse AT1 losses
Tan Nai Lun - The Singapore firm has filed arbitration for Japanese claimants; expects to file for Singapore, Hong Kong groups by Q1 2026
SGX not exploring or considering bid for Cboe Australia
[SINGAPORE] Singapore Exchange said it’s not considering buying Cboe Global Markets’ Australian unit, refuting an earlier Australian Financial Review report.
Tickrs Financial initiates coverage on Nanofilm with ‘buy’ call and target price of 75 cents
Teo Zheng Long - Tickrs Financial analyst Jaimes Chao, has initiated a “buy” call on Singapore-based deep-tech company Nanofilm Technologies International with a target price of 75 cents. In his Dec 4 report, Chao notes that Nanofilm’s earnings are rebounding strongly after a difficult FY2023. FY2024’s reven ...
