Bumble forecasts second-quarter revenue below estimate
Bumble forecast second-quarter revenue below analysts' estimate on Wednesday, signaling that the dating app operator's turnaround plan is taking longer than expected to yield results.The online dating industry has been grappling with declining user engagement stemming from market stagnatio ...
Trump administration will rescind Biden-era AI chip export curbs, Commerce Department says
U.S. President Donald Trump's administration plans to rescind Biden-era curbs on the export of advanced AI chips, a spokesperson for the U.S. Department of Commerce said on Wednesday. The Biden AI rule is "overly complex, overly bureacratic," and will be replaced, the spokesperson sai ...
US lawmakers criticise UK backdoor order to Apple, warn of cybercriminal risks
BRUSSELS :U.S. House Judiciary Chair Jim Jordan and Foreign Affairs Chair Brian Mast warned Britain on Wednesday that its order to Apple to create a backdoor to its encrypted user data could be exploited by cybercriminals and authoritarian regimes.Apple, which has said it would never build a so-call ...
Dollar retains strength against peers after Fed rate decision
NEW YORK :The U.S. dollar remained slightly stronger against major currencies including the yen and the euro on Wednesday after the Federal Reserve left interest rates unchanged, in line with market expectations. The Fed kept its benchmark interest rate steady in the 4.25 per cent-4.50 per cent rang ...
Fed holds rates, sees risk of higher inflation and unemployment
Jonnelle Marte / Bloomberg - Federal Reserve officials held interest rates steady for a third-straight meeting and emphasized they see a growing risk of both higher inflation and rising unemployment. “Uncertainty about the economic outlook has increased further,” the Federal Open Market Committee said in a statement Wednesd ...
Trump says he won’t lower China tariffs to jump-start talks
Skylar Woodhouse /Bloomberg - President Donald Trump said he’s unwilling to preemptively lower tariffs on China in order to unlock more substantive negotiations with Beijing on trade. “No,” Trump said Wednesday when asked by a reporter if he is open to pulling back his 145% duties on Chinese imports to get the world’s se ...
Japan's NTT plans to buy remaining NTT Data shares for up to $20 billion, Nikkei reports
Japanese telecoms giant Nippon Telegraph and Telephone plans to launch a tender offer worth up to 3 trillion yen ($20 billion) to buy the remaining shares in NTT Data, the Nikkei newspaper reported on Thursday.NTT, Japan's largest telecommunications firm, owns 57.7 per cent of NTT Data, which p ...
Japan's NTT plans to buy remaining NTT Data shares for up to $20.9 billion, Nikkei reports
Japanese telecoms giant Nippon Telegraph and Telephone Corp plans to make a tender offer worth up to 3 trillion yen ($20.92 billion) to buy the remaining shares in NTT Data, the Nikkei newspaper reported. NTT, the country's largest telco, owns 57.7 per cent of NTT Data, which provides informati ...
Japan's Nippon Telegraph plans to buy remaining stake in NTT Data for $20.9 billion, Nikkei reports
Japan's telecom giant Nippon Telegraph and Telephone is considering to make a tender offer of up to 3 trillion yen ($20.92 billion) to buy the remaining shares it does not already own in NTT Data, the Nikkei reported late on Wednesday without naming the source.Nippon Telegraph (NTT), one of the ...
Cadence unveils new Nvidia-based supercomputer as it pushes into engineering, biotech software
SANTA CLARA, California :Cadence Design Systems unveiled on Wednesday a new supercomputer based on chips from Nvidia that will speed up its software offerings for everything from designing chips to jets to new drugs.Cadence supplies software that firms such as Apple use to design chips. But over the ...
Google identifies new malware linked to Russia-based hacking group
Alphabet's Google said on Wednesday it has identified new malware called "LOSTKEYS" tied to the Russian-based hacking group Cold River, which is capable of stealing files and sending system information to attackers.The malware "marks a new development in the toolset" of Cold ...
Microsoft wins appeal in FTC challenge to $69 billion Activision Blizzard deal
A federal appeals court on Wednesday rejected a legal challenge by the Federal Trade Commission to Microsoft's $69 billion purchase of “Call of Duty” maker Activision Blizzard.The San Francisco-based 9th U.S. Circuit Court of Appeals upheld a lower judge's order that said the FTC was n ...
Microsoft wins FTC appeal challenging $69 billion Activision Blizzard deal
A federal appeals court on Wednesday rejected a legal challenge by the U.S. Federal Trade Commission to Microsoft's $69 billion purchase of “Call of Duty” maker Activision Blizzard.The San Francisco-based 9th U.S. Circuit Court of Appeals upheld a lower judge's order that said the FTC ...
Apple's Safari revamp plan with AI search a likely blow to Google dominance
Apple's plan to revamp its Safari web browser by adding AI-powered search options is a big blow to Google, whose shares tumbled as the move could strike at the heart of its lucrative search advertising business.Apple executive Eddy Cue offered testimony at an antitrust case against Alphabet on ...
Apple looks to add AI search to Safari in potential blow for Google, Bloomberg News reports
Apple is "actively looking at" reshaping the Safari web browser on its devices to focus on AI-powered search engines, Bloomberg News reported on Wednesday, a move that could chip away at Google's dominance in the lucrative search market.Apple executive Eddy Cue testified in the U.S. J ...
Treasuries join global yield shift with US Fed rate decision ahead
Ye Xie and Greg Ritchie / Bloomberg - Treasuries joined most other government bond markets in sending long-term yields lower as trade tensions continue to stoke haven demand. Ten-to 30-year yields reached session lows during the US morning, led by bigger yield declines in most European government bond markets. Those were spurred in part ...
Riverstone Holdings reports lower net profit of RM56.4 mil for 1QFY2025
Nicole Lim - Glovemaker Riverstone Holdingshas reported a lower net profit of RM56.4 million ($17.20 million) for the 1QFY2025 ended March 31, 2025, down 21.8% y-o-y. Earnings per share for 1QFY2025 came in at 3.81 sens, down 21.8% y-o-y. The group’s revenue for the reporting period came in 1.1% y-o-y higher t ...
Isetan Tampines to shutter in Nov 2025
[SINGAPORE] Department store operator Isetan Singapore will close its outlet at Tampines Mall in November 2025, it announced on Tuesday (May 6).
French startup Mistral launches chatbot for companies, triples revenue in 100 days
STOCKHOLM :Mistral AI on Wednesday launched its Le Chat chatbot for corporate use, and its CEO said the French startup has tripled its revenue in the last 100 days, with demand coming particularly from outside the United States.Paris-based Mistral AI, founded two years ago, launched the open source ...
Riverstone Q1 profit slides 21.8% to RM56.4 million despite higher revenue
Megan Cheah - Lower gross profit margin due to higher raw material cost, foreign exchange and change in market demand dynamics, says the group
US: Wall St opens higher on China trade de-escalation hopes, Fed decision
[NEW YORK] Wall Street’s main indexes opened slightly higher on Wednesday (May 7) as investors hoped for a de-escalation in trade tensions...
Lendlease Global Commercial Reit posts 10.4% retail rental reversion for Q3 FY2025
Ranamita Chakraborty - Its retail portfolio posts an occupancy rate of 99.5% for the quarter
Lendlease Global Commercial Reit posts 10.4% retail rental aversion for Q3 FY2025
Ranamita Chakraborty - Its retail portfolio posts an occupancy rate of 99.5% for the quarter
World's richest 10% caused two thirds of global warming: study
The richest 1% contributed 26 times more to once-a-century heatwaves, and 17 times more to droughts in the Amazon
Amazon to spend $4 billion on cloud infrastructure in Chile
SANTIAGO :Amazon's cloud computing division will invest $4 billion to build its first data centers and other cloud infrastructure in Chile, the company's head of South Latin America told Reuters.Amazon Web Services (AWS) expects the cloud region, its third in Latin America after Brazil and ...
China’s new growth playbook could go out the window with Trump’s tariffs
Goh Ruoxue - Natixis: A four-fifths cut in China exports to the US could axe 6.4 million jobs; Nomura: Beijing’s GDP could hit the low...
EA shares gain as it scores big with upbeat forecast, 'Battlefield' release
Shares of Electronic Arts rose over 2 per cent in early trading on Wednesday, after the gaming giant's upbeat forecast eased concerns about slowing momentum and revived confidence in its blockbuster sports titles.EA's forecast underscores the gaming industry's confidence in sustained ...
EA shares jump as it scores big with upbeat forecast, 'Battlefield' release
Shares of Electronic Arts rose nearly 5 per cent in premarket trading, after the gaming giant's upbeat forecast eased concerns about slowing momentum and revived confidence in its blockbuster sports titles.EA's forecast underscores the gaming industry's confidence in sustained sales s ...
Singapore and EU sign digital trade agreement to enhance digital connectivity for citizens and businesses
Nicole Lim - Singapore and the European Union have signed a digital trade agreement called the European Union-Singapore Digital Trade Agreement (EUSDTA) today. The digital trade agreement aims to enhance digital connectivity and facilitate end-to-end digital trade between the two parties. The implementation of t ...
Britain to face more cyberattacks as AI adoption grows, minister says
LONDON :The growth of AI will increase the number and sophistication of cyberattacks on Britain, senior minister Pat McFadden said on Wednesday.British companies, public bodies and institutions have been hit by a wave of cyberattacks in the past few years, costing them tens of millions of pounds and ...
Netflix to revamp TV app interface, launch AI-powered search for iOS users
Netflix said on Wednesday it plans to revamp its TV app interface and introduce generative AI to the iOS mobile platform, allowing users to ask for content in natural and everyday language.The updates arrive as the streaming giant seeks to maintain and expand its market share amid growing uncertaint ...
Lendlease Global Commercial REIT reports portfolio occupancy of 92.1% as at end March
Nicole Lim - Lendlease Global Commercial REIT (LREIT) has reported a portfolio committed occupancy of 92.1% as at March 31, 2025. The REIT’s retail portfolio received a 99.5% occupancy with a positive rental reversion of 10.4% as at March 31. Its office portfolio occupancy stood at 86.6%. LREIT reported a weig ...
Grab looks to strike a deal to acquire Indonesia’s GoTo in Q2: sources
GoTo will be selling off its international unit in Singapore to Grab
Singdollar may rise further despite strong gains; parity with US dollar possible in future: Analysts
The Singapore dollar has gained about 5.8 per cent so far this year, but analysts see more room to rise.
