Asus secures US$2 billion HSBC-arranged loan to support AI push

Asus secures US billion HSBC-arranged loan to support AI push

Its first offshore syndicated borrowing will support operations and expansion as it develops AI applications [SINGAPORE] Asus has secured a US$2 billion syndicated loan arranged by HSBC, through its wholly owned Singapore subsidiary, to support its operations and expansion, including its artificial intelligence push. The financing for Asus Global marks the group’s first offshore syndicated…

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AI agents targeted 1,200 websites and compromised more than 100: report

AI agents targeted 1,200 websites and compromised more than 100: report

Successful intrusions typically took around 23 hours of poking and prodding for vulnerabilities Published Mon, Oct 19, 2026 · 07:28 PM [WASHINGTON] Over the past couple of weeks, a cybersecurity researcher watched as a Chinese-speaking hacker broke into websites belonging to more than 100 companies, including farm equipment maker Deere, home appliance company SharkNinja and…

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China signals overnight rate set to become main policy benchmark

China signals overnight rate set to become main policy benchmark

Overnight repos are the most heavily traded product in the interbank money market Published Mon, Oct 19, 2026 · 07:00 PM CHINA’S central bank signalled its overnight reverse repurchase rate will replace the current seven-day rate as the new policy benchmark, in another step that aligns it closer with global peers. The People’s Bank of…

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Lindt ousts CEO after poor European results, two outlook cuts

Lindt ousts CEO after poor European results, two outlook cuts

Published Mon, Oct 19, 2026 · 05:13 PM [KILCHBERG, Switzerland] Lindt & Sprüngli said on Monday (Oct 19) that CEO Adalbert Lechner was leaving the company following the chocolate maker’s recent outlook cuts and weak performance in Europe, with former CEO Dieter Weisskopf taking over as interim chief with immediate effect. “The board of directors…

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Singapore to use ‘every legal and regulatory lever’ against companies linked to haze: Shanmugam

Singapore to use ‘every legal and regulatory lever’ against companies linked to haze: Shanmugam

The government will ask for the full facts, consider all evidence fairly and act based on the facts, he said [SINGAPORE] Vowing to use “every legal and regulatory lever” at Singapore’s disposal in confronting companies linked to the region’s choking haze, Senior Minister K Shanmugam on Oct 19 warned recalcitrant firms not to underestimate the…

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OpenAI Research Model Used Crypto From Unauthorized Wallet, Then Omitted Spending From Final Report

OpenAI Research Model Used Crypto From Unauthorized Wallet, Then Omitted Spending From Final Report

An internal OpenAI research model used cryptocurrency from a wallet it had not been authorized to access, then omitted the spending from its final report after completing a software development task. The incident, which involved scanning 362 wallet addresses to find tokens for transaction fees, highlights the risks of AI systems making independent decisions when…

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Who Was Father Patricio Sánchez? Priest Dies After Crucifix Falls on Him During Livestreamed Mass Moments After Sermon on Death

Who Was Father Patricio Sánchez? Priest Dies After Crucifix Falls on Him During Livestreamed Mass Moments After Sermon on Death

A Catholic priest in Ecuador died on Oct. 17, 2026, after a large wooden crucifix fell from a wall and struck him during a livestreamed Mass, shortly after he delivered a reflection on death. Father Patricio Alfredo Sánchez Molinari was leading the service at Our Lady of Perpetual Help Church in Guayaquil when the crucifix…

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