News

Asian, European buyers in hot pursuit of US crude as wars escalate
The commodity sees high demand, with May American oil exports at a record 5.66 million barrels a dayPublished Fri, Jul 24, 2026 · 07:54 AMAN UPTICK in Asian and...
US warns against excessive yen volatility, calls for BOJ rate hikes
Published Fri, Jul 24, 2026 · 06:49 AM[TOKYO] The US Treasury Department said yen weakness has persisted despite the narrowing of US-Japan interest rate differentials, warning excess volatility in...
US stocks: Wall Street falls as tech earnings spark AI spending worries and oil hits US$100
Published Fri, Jul 24, 2026 · 06:15 AMWALL Street indexes closed lower on Thursday (Jul 23) with Nasdaq sinking more than 2 per cent as the latest earnings updates...
GIC bullish on AI but warns of capital concentration as ‘largest market risk’
It is also optimistic on renewable power for data centres, transmission infrastructure[SINGAPORE] Singapore sovereign wealth fund GIC is upbeat on the strategic opportunities that artificial intelligence offers, but cautioned...
Commentary: AI companies are creating ‘all-powerful psychopaths.’ Maybe not a great idea?
Repeated law-breaking. Lying and deceit. Reckless disregard for safety. Lack of remorse. Those are traits that help define a psychopath, someone who lives among us but doesn’t have the...
SingPost chairperson says talks with government ongoing in response to query about state aid
She says she cannot disclose the discussions “until and unless the government has decided that it wants to reveal it”[SINGAPORE] Singapore Post (SingPost) chairperson Teo Swee Lian said that...
ESR-Reit proposes to buy additional logistics asset in Australia for US$36.7 million
This adds to its recently proposed acquisition of five logistics properties in the same area[SINGAPORE] ESR Real Estate Investment Trust (ESR-Reit) has proposed to buy a freehold logistics property...
Suntec Reit posts 24.8% rise in H1 DPU to S$0.03936
[SINGAPORE] The manager of Suntec Real Estate Investment Trust (Reit) on Thursday (Jul 23) posted a distribution per unit (DPU) of S$0.03936 for the first half ended June, up...
Judge approves Anthropic’s $1.5-billion settlement with authors
Anthropic will pay $1.5 billion to authors whose pirated books it used to train its AI in the largest copyright settlement in U.S. history. Federal Judge Araceli Martinez-Olguin in...
Motorway group boss Michael Lim charged with evasion of excise duty and GST
The charges relate to around S$15,000 in underpaid GST and excise duty; he faces a maximum fine of around S$300,000LIM Ah Poh, the founder and owner of the Motorway...
Samsung’s US$400,000 bonus fuels labour disputes across South Korea
Published Thu, Jul 23, 2026 · 04:12 PM[SEOUL] Labour unions are rallying across South Korea after Samsung Electronics caved in to protests and agreed to hand out bonuses of...