News
Seatrium rejects ‘wrongful termination’ of US$475 million contract, receives notice of arbitration
The deal is for the construction of a wind turbine installation vessel at a US offshore wind farm[SINGAPORE] Seatrium on Wednesday (Oct 22) said that it has rejected the...
Driverless Waymo taxis under investigation after failing to stop for a school bus
Around 2,000 Waymo vehicles are under investigation following reports of one of the self-driving taxis navigating around a school bus while children disembarked. The National Highway Traffic Safety Administration...
OpenAI launches its own browser to compete with Google
OpenAI launched its own web browser called Atlas, hoping to use its artificial intelligence superpowers to take away market share from Google, which has dominated the browser and search...
US Fed to trim rates twice more this year; 2026 rate path very unclear
The new forecast follows a recent shift in expectations by Fed policymakers toward additional reductions[BENGALURU] The Federal Reserve will lower its key interest rate by 25 basis points next...
Nasdaq profit tops estimates on higher trading volume, fintech demand
Nasdaq also saw broad-based growth across its financial technology and software divisions[NEW YORK] Exchange operator Nasdaq beat Wall Street expectations for third-quarter profit on Tuesday (Oct 21), as persistent...
US: Wall Street opens flat as investors assess earnings for direction
[NEW YORK] Wall Street’s main indexes opened flat on Tuesday (Oct 21), as investors assessed a wave of quarterly earnings from corporate majors.At 09.30 am, the Dow Jones Industrial...
Coca-Cola tops quarterly revenue estimates on steady soda demand
It reported quarterly revenue of US$12.5 billion, compared with estimates of US$12.39 billion[WASHINGTON] Coca-Cola’s revenue and profit exceeded Wall Street’s third-quarter expectations on Tuesday (Oct 21), helped by resilient...
Soilbuild Construction mulls spin-off, SGX listing of precast and prefab business
Potential listing will be subject to market conditions, commercial negotiations and relevant regulatory and approvals[SINGAPORE] Soilbuild Construction is exploring spinning off and listing its precast and prefabrication business on...
Global carmakers race to beat China’s rare earths deadline
[LONDON/BERLIN] Global automakers are scouring the globe for crucial rare earths ahead of looming Chinese export controls, with executives worried they could lead to parts shortages and plant closures.Rare...
ST Engineering to hire more cybersecurity experts as it launches new innovation hub
[SINGAPORE] ST Engineering is looking to recruit more cybersecurity experts as it launches a new facility to spur innovation and develop talent, focused on developing cybersecurity solutions driven by...
