News

Humanoid robots to power next leg of China’s export dominance
May 7, 2026
Like with EVs, the Asian nation is building out capacity across the robotics supply chainPublished Thu, May 7, 2026 · 01:50 PM[SYDNEY] China’s early lead in humanoid robots will...
Anthropic signs computing deal with SpaceX to meet AI demand
May 7, 2026
Published Thu, May 7, 2026 · 10:35 AM[SAN FRANCISCO] Anthropic PBC has signed an agreement with Elon Musk’s SpaceX to bolster computing resources and meet surging demand for its...
Gold rises as buying interest counters concern over Strait of Hormuz clash
May 7, 2026
Higher rates and a stronger US currency are negative for bullion as it pays no interest and is priced in the greenbackPublished Thu, May 7, 2026 · 09:56 AM...
OpenAI is so yesterday — even for SoftBank
May 7, 2026
Global markets pivot from AI model makers to chipmakers tied to the data-centre boomSOFTBANK Group founder Masayoshi Son is known for making audacious multibillion-US dollar bets. Some acquisition deals,...
Sun Life quarterly profit jumps on Asia business strength
May 7, 2026
Canadian insurers have aggressively invested in Asia to capture market share in fast-growing markets and diversify their revenue basePublished Thu, May 7, 2026 · 08:31 AM[BENGALURU] Sun Life reported...
Arm forecasts higher-than-expected revenue on surging AI data centre demand
May 6, 2026
The company generates revenue by licensing its technology to companies such as Nvidia and ApplePublished Thu, May 7, 2026 · 07:53 AM[BENGALURU] Arm Holdings forecast first-quarter revenue above Wall...
UOB aims to double wealth income to at least S$2.5 billion by 2030; Q1 profit slips 4%
May 6, 2026
CEO Wee Ee Cheong says the completion of its Citi integration gives the bank a ‘long runway’ for organic wealth growth across Asean[SINGAPORE] UOB has set a target of...
China’s Midea Group raises US$2.2 billion in convertible bond sale
May 6, 2026
Bonds that convert into stock find a sweet spot when interest rates and volatility are highPublished Thu, May 7, 2026 · 06:56 AM[HONG KONG] Chinese appliance maker Midea Group...
Europe’s Stoxx 600 up over 2% on Iran deal optimism; earnings in focus
May 6, 2026
Money markets are currently pricing in a 67.6% chance that the European Central Bank hikes rate at its June meetingPublished Thu, May 7, 2026 · 05:33 AM[BENGALURU] Europe’s Stoxx...
If you’re an iPhone user, you could get $95 from this Apple settlement
May 6, 2026
Some iPhone users could be eligible to collect up to $95 per device as part of a settlement over allegations that Apple misled consumers about the abilities of its...
Crypto exchange Coinbase to lay off 14% of staff as AI reshapes work
May 5, 2026
Cryptocurrency exchange Coinbase said it’s slashing roughly 14% of its workforce or about 700 workers, partly because artificial intelligence is reshaping the way people work.“The biggest risk now is...
Commentary: This year’s Met Gala proved one thing: The real devil who wears Prada is Jeff Bezos
May 5, 2026
Apparently not content with bankrupting Sears, Toys R Us, Radio Shack and countless other businesses; buying and then maiming the Washington Post; and leading the Tech Bro right turn...