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Wall Street Falls Sharply After Donald Trump's New Tariff Announcement and Weak Job Data
U.S. stock markets plummeted sharply on Friday following President Donald Trump's new tariffs on imports from Canada, India, Brazil, and…
Tag
Data
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Oil falls US$2 a barrel on worries about Opec+ supply, US jobs data
Oil prices US$2 a barrel on Friday (Aug 1) because of jitters about a possible increase in production by Opec and its allies, while a…
Fashion
Chanel Reports Data Breach Impacting U.S. Client Care Database Amid Rising Retail Cyberattacks
Chanel Inc. informed its customers Friday morning about a data security breach at the U.S. company. In a letter to clients, Chanel said…
Business
Australia’s central bank welcomes Q2 inflation data, deputy governor says
Australia’s second-quarter inflation data was very welcomed and came in as just the central bank expected, a top official said on…
Business
US: Wall St opens higher as investors digest GDP data; Fed verdict awaited
Wall Street’s main indexes opened higher on Wednesday (Jul 30) as investors assessed better-than-expected GDP data, and awaited the…
Business
Taiwan’s Foxconn, Teco Electric to build AI data centres
Taiwan’s Foxconn, the world’s largest contract electronics maker, will form a strategic partnership with industrial motor maker Teco…
Business
Asia: Stock markets fall as trade relief fades, eyes on data and earnings
Stocks fell on Tuesday as the positivity sparked by recent US trade deals dissipated, with investors now focused on the release of key…
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Singtel associate Airtel’s data centre firm inks renewable-energy partnership to boost capacity
The tie-up promises to boost the data centre company’s infrastructural efficiency, decarbonisation efforts and operations Singtel regional…
Business
A data deluge brings a ‘moment of truth’ for markets this week
Wall Street pros are staring down a pivotal week that will likely set the tone for the rest of the year in markets and the economy. First…
News
DayOne breaks ground on first Singapore data centre to trial hydrogen-based power generation
It also signs power purchase agreement with Sembcorp Power, by which facility will be fully powered by renewable energy Singapore-based…
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Singtel’s Nxera and industry partners to hire and train over 500 people for data centre roles
Singtel’s data centre arm, Nxera, and its industry partners aim to train and hire over 500 people in data centre-related and digital…
Business
'I Destroyed Your Work': Replit's AI Panics And Tells Lies, Before Deleting Data From 1,200 Companies
A shocking incident has raised fresh concerns about the risks of relying too much on AI coding tools. Jason Lemkin, a well-known tech…
Business
OpenAI, Oracle to add 4.5GW US data centre capacity in AI expansion
OpenAI and Oracle announced they will develop 4.5 gigawatts of additional US data centre capacity in an expanded partnership, furthering a…
Business
Australia central bank wary of cutting rates too quickly, prudent to await more data
Australia’s central bank judged lowering interest rates for a third time within four meetings was not consistent with its strategy of…
Business
Malaysia to establish data centre framework to streamline policies
Malaysia will establish a data centre framework in October to streamline policies and development in the sector, the trade and digital…
Business
SoftBank and OpenAI’s Stargate aims building small data centre by year-end: WSJ
GATE, a multi-billion-dollar effort by ChatGPT’s creator OpenAI, SoftBank and Oracle to supercharge the US’ AI ambitions is now setting…
Fashion
Hong Kong probes Louis Vuitton data leak after UK, Korea attacks
Leaked data of the Hong Kong customers include names, passport numbers, birth dates, addresses, email addresses, phone numbers, shopping…
Business
US: Wall Street opens higher as investors weigh data, earnings
Wall Street opened higher on Friday (Jul 18), with investors weighing a week of mixed economic signals and earnings reports, while…
Business
Warburg Pincus-backed data centre operator Princeton Digital bags US$1.3 billion from Stonepeak
Warbug Pincus-backed Princeton Digital Group announced on Friday (Jul 18) that it secured US$1.3 billion in funding from Stonepeak, a…
Business
Gold heads for weekly dip as strong dollar, US data weighs
Gold was flat in early Asian trade on Friday (Jul 18), heading for a weekly fall, weighed down by an overall stronger US dollar and solid…
Business
US: S&P 500, Nasdaq end at record highs after solid retail data
Wall Street stocks rose to fresh record highs on Thursday (Jul 16) as markets focused on solid US retail sales data and corporate earnings…
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China Launches Undersea AI Data Hub to Slash Cooling Water Use and Emissions
China has begun building an underwater AI data center near Shanghai in an effort to reduce energy and water use tied to traditional data…
Business
US: Wall St opens marginally higher as markets weigh data
Wall Street opened largely steady on Thursday (Jul 17), as investors mulled over fresh economic data, while upbeat results from Taiwan’s…
Business
US: Wall St opens higher as inflation data, earnings take centre stage
Wall Street’s main indexes opened higher on Wednesday (Jul 16) as investors sifted through new inflation data and digested a fresh round…