Posts by Nathan Pine
Envy’s ex-directors seek bankruptcy after being found liable for breach of duties in nickel trading fraud
Judicial Commissioner Mohamed Faizal finds that Lee Si Ye and Ju Xiao breached their duties as directors of Envy group of companies [SINGAPORE] A director of the insolvent Envy group of companies at the heart of the billion-dollar nickel trading scam has been declared bankrupt, following a court order for her and eight others to repay almost…
Read MoreAre you affected by tariffs? Here’s how the Business Adaptation Grant can help you
Singapore companies affected by tariffs can tap the new Business Adaptation Grant (BizAdapt) to defray costs related to adapting their business operations and strengthening supply chain resilience. The grant supports up to 50 per cent of eligible costs of local small and medium enterprises and up to 30 per cent for other local companies, with…
Read MoreSingapore aims to lead region’s ammonia path to net zero: EMA chief
It is actively exploring the viability of combusting ammonia directly in gas turbines [FINSPANG, SWEDEN] Singapore must move early and decisively to explore alternative fuels such as hydrogen and ammonia, said Energy Market Authority (EMA) chief executive Puah Kok Keong. He told The Business Times during an interview at Siemens Energy’s Finspang factory that directly…
Read MoreHow Jacob Elordi Transformed for Frankenstein With 42 Prosthetics
And while Jacob is the latest in a long line of stars to play Frankenstein’s monster, joining the likes of Boris Karloff, Robert De Niro and Benedict Cumberbatch, the Euphoria star originally wasn’t sure if he should revisit those performances for inspiration before filming began. “At first I thought, ‘I’ll stay away from this. I…
Read MoreGold notches fresh high on safe-haven demand, Fed rate-cut bets
Non-yielding gold thrives in a low-interest-rate environment and during economic uncertainties [BENGALURU] Gold prices rose to an all-time high on Tuesday (Oct 7), extending gains to a third session on US economic and political uncertainties and expectations of further interest rate cuts by the US Federal Reserve. Spot gold held its ground at US$3,961.64 per…
Read MoreCapitaLand Ascendas Reit to acquire 3 Singapore properties for about S$565.8 million
Acquisition will increase the value of Clar’s portfolio in the Republic to around S$12.3 billion [SINGAPORE] The manager of CapitaLand Ascendas Reit (Clar) on Tuesday (Oct 7) announced the proposed acquisition of three Singapore properties from Vita Partners for a total consideration of about S$565.8 million. The price tag includes estimated upfront land and enhancement…
Read MoreOpenAI unveils ChatGPT app integration feature
OPENAI on Monday unveiled a new feature for ChatGPT, the leading generative AI model with 800 million weekly users, enabling it to interact with everyday apps like Spotify and Booking.com. Chief executive Sam Altman announced the new tool to a crowd of enthusiastic developers gathered in San Francisco for the company’s annual “Developer Day”. The…
Read MoreNvidia to invest in UK firms including Wayve, Revolut
The chipmaker’s financing is one of a slew of AI announcements from US technology companies this week, coinciding with Trump’s visit [LONDON] Nvidia plans to invest £2 billion (S$3.5 billion) to support the UK’s artificial intelligence (AI) industry, comprising funding to startups and partnerships with venture capital (VC) firms. Nvidia chief executive officer Jensen Huang…
Read MoreExxonMobil expects up to US$300 million boost to Q3 upstream earnings from oil prices
EXXONMOBIL said on Monday changes in crude oil prices over the third quarter could impact the company’s upstream earnings from negative US$100 million to as much as a positive US$300 million. The company also signaled in a regulatory filing that stronger margins in the refining business could boost earnings by US$300 million to US$700 million, compared with…
Read MoreEurope: Government collapse triggers French equities’ steepest fall in over a month
EUROPEAN stocks recouped their losses on Monday after the fall triggered by the unexpected resignation of French Prime Minister Sebastien Lecornu was offset by a rally in semiconductor stocks following AMD’s chip supply deal with OpenAI. The pan-European Stoxx 600 closed flat at 570.24 points. The index briefly hit an intraday record high on Monday after…
Read More‘Artists should have a choice.’ WME opts clients out of Sora update as AI anxiety deepens
As anxieties among Hollywood talent increase surrounding artificial intelligence, Beverly Hills talent agency WME is drawing a line on behalf of its clients. WME told San Francisco-based OpenAI that it is opting all of its clients out of the latest update to Sora, the AI startup’s text-to-video tool. The decision essentially puts OpenAI on notice…
Read MoreOpenAI lifts another AI laggard with big plans for AMD
OpenAI bestowed its blessings and backing on another tech company Monday, inking a deal with chipmaker Advanced Micro Devices, instantly making it one of the hot companies investors hope will be at the forefront of the artificial intelligence boom. The shares of AMD soared more than 30% after the company behind ChatGPT said it plans…
Read More