Trump tells Fed to consider fintech access to payment accounts

Trump tells Fed to consider fintech access to payment accounts

Published Wed, May 20, 2026 · 09:33 AM US PRESIDENT Donald Trump signed an executive order on Tuesday (May 19) calling on regulators and the US Federal Reserve to review rules that may be stifling financial innovation, including whether the central bank could expand fintech access to its payment rails, the systems that move money…

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Hongkong Land Q1 underlying profit rises 5% on lower borrowing costs

Hongkong Land Q1 underlying profit rises 5% on lower borrowing costs

[SINGAPORE] Property group Hongkong Land posted a 5 per cent rise in underlying profit for its first quarter ended Mar 31, 2026, compared with the same period a year earlier. This was primarily due to lower net financing charges, offsetting reduced contributions from Singapore following the disposal of Marina Bay Financial Centre Tower 3 prior…

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California could see another paid holiday as new bill clears milestone

California could see another paid holiday as new bill clears milestone

California could soon add another paid holiday for state employees as lawmakers push to formally recognize Native American Day, a move supporters say is tied directly to the state’s violent history toward Indigenous people and Gov. Gavin Newsom’s 2019 apology for what he called a “genocide.” The proposal, authored by Assemblymember James Ramos, D-Highland, cleared…

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Agentic AI growth exacerbating supply chain issues: Dell Technologies CEO

Agentic AI growth exacerbating supply chain issues: Dell Technologies CEO

The company is navigating a challenging environment where inflationary pressures are going beyond components [LAS VEGAS] The rapid growth of agentic artificial intelligence has exacerbated supply chain issues, said Dell Technologies chief executive officer Michael Dell. “If it had not been for this agentic movement, we would probably see much better demand-supply equilibrium in the…

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Meta begins 8,000 job cuts in efficiency push spurred on by AI

Meta begins 8,000 job cuts in efficiency push spurred on by AI

This latest round of cuts is expected to hit the company’s engineering and product teams Published Wed, May 20, 2026 · 08:34 AM [SAN FRANCISCO] Meta Platforms is alerting thousands of employees that they’re being laid off, part of a restructuring aimed at improving efficiency and reducing costs as the company invests heavily in artificial…

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Gold rises as interest rate fears ease on US-Iran deal optimism

Gold rises as interest rate fears ease on US-Iran deal optimism

Published Wed, May 20, 2026 · 07:17 AM — Updated Wed, May 20, 2026 · 09:57 AM [BENGALURU] Gold prices edged higher on Wednesday (May 20), as optimism over a potential peace agreement between the United States and Iran tempered concerns around inflation and interest rates staying higher for longer. Spot gold rose 0.4 per…

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Few chief AI officers at Singapore listcos despite growing AI push: survey

Few chief AI officers at Singapore listcos despite growing AI push: survey

Local companies are largely embedding oversight of the tech into existing leadership portfolios [SINGAPORE] About 76 per cent of firms globally have a dedicated chief artificial intelligence officer (CAIO) but adoption in Singapore-listed companies remains limited. These were the findings from a recent survey of 2,000 CEOs by IBM’s Institute for Business Value, in collaboration…

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US 30-year yield hits highest since 2007 as sell-off deepens

US 30-year yield hits highest since 2007 as sell-off deepens

Published Wed, May 20, 2026 · 06:46 AM [LONDON] Yields on the US Treasury’s longest-dated bond rose to the highest level in almost two decades as investor concerns mount that accelerating inflation will force central bankers to raise interest rates. The 30-year yield rose as much as seven basis points to 5.2 per cent on…

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