News
AI replaces ‘lower-value human capital’, StanChart CEO says
Bill Winters’ remarks echo a growing candor among global financial leaders regarding the realities of automationPublished Tue, May 19, 2026 · 01:50 PM[HONG KONG] Standard Chartered chief executive officer...
Starbucks Korea head sacked after ‘Tank Day’ promotion sparks public uproar
President Lee Jae-myung slams Starbucks as a ‘degenerate peddler’, saying he is enraged by the campaignPublished Tue, May 19, 2026 · 12:59 PM[SEOUL] The head of Starbucks Korea has...
Undergrads to get hands-on AI finance training; sector to offer over 1,000 internships, traineeships
Young Talent Programme for AI in Finance is part of a broader push by MAS and IBF to expand talent pathways[SINGAPORE] Undergraduates who want to apply artificial intelligence beyond...
Frencken shares fall 15.5% after Q1 earnings dive
[SINGAPORE] Shares of Frencken fell by as much as 15.5 per cent or S$0.47 to S$2.57 shortly after market open at 9.30 am on Tuesday (May 19).By that time,...
Oil falls over 2% as Trump says he holds off scheduled attack on Iran
Published Tue, May 19, 2026 · 08:45 AM[BENGALURU] Oil prices fell more than 2 per cent in early Asian trade on Tuesday (May 19) after US President Donald Trump...
Gold extends gain as hopes for Iran truce ease inflation fears
Published Tue, May 19, 2026 · 08:13 AM[SINGAPORE] Gold extended a gain as the prospect of a US-Iran ceasefire deal eased some inflationary concerns that have weighed on bullion.The...
OpenAI defeats Elon Musk’s lawsuit, removes obstacle to IPO
Published Tue, May 19, 2026 · 07:51 AM[OAKLAND, California] A US jury on Monday (May 18) ruled against Elon Musk in his lawsuit against OpenAI, finding the artificial intelligence...
Nasdaq leads equity losses with oil, borrowing costs in focus
Published Tue, May 19, 2026 · 06:20 AM[NEW YORK] The Nasdaq and the benchmark S&P 500 closed lower on Monday (May 18) as investors took some profits in technology...
Jury rejects Elon Musk’s lawsuit, sides with OpenAI in bitter feud over AI future
A federal jury sided with OpenAI and its top executives on Monday in a feud with Elon Musk, who accused them of betraying a shared vision for it to...
M1-Simba deal: What are frequency spectrums and when does their use become unauthorised?
Unassigned use of frequency spectrum may allow operators to gain an unfair advantage, says IMDA[SINGAPORE] A proposed consolidation between telcos M1 and Simba Telecom has been put on pause,...
