News
Human Made seeks growth beyond China as tensions with Japan rise
Its expansion coincides with a global surge in interest in Japanese pop culture, fuelled by anime and video games, while a weaker yen draws record tourist spending[TOKYO] Human Made,...
China’s robotics stocks face investor scrutiny over bubble fears
Beijing has been on a so-called anti-involution drive which aims to curb destructive competition across industries[BEIJING] Investor hype over Chinese robotics stocks is giving way to deepening unease, with...
China’s tech giants move AI model training overseas to access Nvidia chips: report
Alibaba and ByteDance are among the tech firms training their newest large language models in South-east Asian data centres[BEIJING] Top Chinese firms are training their artificial intelligence models abroad...
OCBC customers unable to log into mobile banking app
[SINGAPORE] OCBC customers are experiencing difficulties logging into the bank’s mobile application on Thursday (Nov 27). On outage tracking site Downdetector, more than 1,400 reports had been made from around...
Bankers groan at UK tax rise even as lenders rally after budget
New tax rates for dividends, property and savings income and a decision to tinker with the treatment of cash savings accounts added to the gloom[LONDON] While some bank stocks...
CEO tenure in Singapore exceeds global average in Q3: report
Outgoing chief executives of STI companies average about 8.8 years in the role versus 7.2 years globally[SINGAPORE] Chief executive officers in Singapore last longer than the global average, according...
Wall Street opens higher as December Fed rate-cut bets grow
[NEW YORK] Wall Street’s main stock indexes opened higher on Wednesday (Nov 26), as investors parsed through a fresh batch of economic data and cemented expectations the Federal Reserve...
Snapchat is nearing 1 billion monthly users. Why can’t it turn a profit?
Snapchat, an app whose disappearing messages and silly face filters made chatting with loved ones more casual, is close to a milestone that few social media platforms achieve: reaching...
Japan’s Nikkei surges after Wall Street’s gains
[TOKYO] Japan’s Nikkei share average surged on Wednesday (Nov 26), with tech stocks leading the charge in a broad-based rally after Wall Street closed higher overnight on increasing prospects...
Warner Music Group settles lawsuit with AI firm Suno
Warner Music Group on Tuesday announced a partnership with AI business Suno that will compensate music artists and songwriters, ending a legal battle between the two companies. Suno allows...
