News

Reining in Big Tech: How California lawmakers plan to regulate AI and social media
SACRAMENTO — Long the epicenter of the global tech industry, California is taking more action to shield its children, communities and workers from the threats posed by the very industry that’s...
Google co-founder Sergey Brin spending more than $100 million fighting California wealth tax
The fight over a proposal to tax the assets of California billionaires to fund healthcare is getting more expensive. Google co-founder Sergey Brin has poured $102 million this year...
Spotify to label ‘AI personas’ and exclude AI music from personal recommendations
In its latest effort to protect human creators from the flood of synthetic music, Spotify will soon require AI-generated identities to carry an “AI Persona” label while barring their...
If you don’t hear the siren, police are sure you’ll feel the Rumbler
Los Angeles police are rolling out a new siren, and you don’t just hear it. It rattles your bones.When the New York Police Department started using the Rumbler in...
DBS, OCBC surge on strong H1 results but don’t overlook the potential of underdog UOB
[SINGAPORE] There was a lot riding on the financial results of DBS, OCBC and UOB last week – with some analysts calculating that the three stocks had accounted for...
SK Hynix said to mull options for US$3 billion Chongqing plant
Published Sat, Aug 8, 2026 · 04:25 PM[HONG KONG] South Korea’s SK Hynix is considering options for its Chongqing, China-based facility, including bringing in an investor to help accelerate...
Meta ordered by New Mexico judge to pay $567 million in landmark child safety case
In another major blow to Meta, a New Mexico judge ordered the social media giant pay $567 million and take actions to make its platform safer for young people.The...
TikTok to close Nashville office, lay off 250 employees
TikTok said Wednesday it will close its Nashville office in October, laying off 250 workers.The move is a retrenchment from the social video company’s expansion into Nashville in 2024...
Cat A COE premium eases as demand is diverted to Cat B
With the gap in premium between the two categories narrowing, buyers may prefer bigger cars, say observers[SINGAPORE] The Certificate of Entitlement (COE) premium for smaller cars eased in August’s...
S&P 500 hits record high on strong AI-linked earnings, Middle East deal hopes 
Recent gains have been driven by strong earnings from artificial intelligence heavyweightsPublished Tue, Aug 4, 2026 · 09:52 PM[BENGALURU] Wall Street’s benchmark S&P 500 hit an intraday record high...
UBS to pay US$125 million in fines over anti-money laundering violations
This is the largest-ever fine against a broker-dealer for Bank Secrecy Act violationsPublished Tue, Aug 4, 2026 · 12:17 AMUBS Financial Services (UBSFS), a subsidiary of UBS Group, has...
Great Eastern’s big rally – activist investors can be crucial part of market ecosystem
MAS and SGX should seek to make responsible shareholder activism more culturally acceptable in the local market[SINGAPORE] Some shareholders of Great Eastern (GEH) who resisted OCBC’s attempt to fully...