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Sora app's hyperreal AI videos ignite online trust crisis as downloads surge
Scrolling through the Sora app can feel a bit like entering a real-life multiverse. Michael Jackson performs standup; the alien from the…
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Business
Nokia CEO Hotard compares AI surge to 1990s internet boom, but plays down bubble fears
Hotard’s remarks come amid growing debate over whether the surge in AI investment is sustainable [ESPOO, Finland] Nokia’s CEO Justin…
Business
Wall Street bonuses expected to hit record as bank profits surge
The Wall Street bonus pool is expected to break records this year if current trends continue, as big banks reap profits from soaring…
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Singtel partners Palo Alto to launch network against surge of quantum-computing threats
Its hybrid quantum-safe network combines hardware and software methods to protect data against quantum-computing threats Singtel on…
Business
Tesla earnings miss despite record third-quarter sales surge
Investors have largely bought into Musk’s vision, driving the shares up 8.7% so far this year Tesla’s profit plunged more than expected as…
Business
Shares of doormaker surge as it secures planning permit for student accommodation in Australia
Shares of Singapore doormaker HS Optimus surged on Tuesday (Oct 21), after it secured a permit for a 14-storey purpose-built student…
Business
Mandarin Oriental shares surge 36.7% on privatisation offer, Jardine Matheson up 7%
Shares of hotel chain Mandarin Oriental surged 36.7 per cent on Tuesday (Oct 21) on the back of a privatisation offer from controlling…
Business
Mandarin Oriental shares surge 36.3% on privatisation offer, Jardine Matheson up 7.5%
Shares of hotel chain Mandarin Oriental surged as much as 36.7 per cent on Tuesday (Oct 21) on the back of a privatisation offer from…
Business
Mandarin Oriental shares surge 36.3% on privatisation offer, Jardine Matheson up 7.8%
Shares of hotel chain Mandarin Oriental surged as much as 36.7 per cent on Tuesday (Oct 21) on the back of a privatisation offer from…
Business
Top Glove shares surge 7.3% to two-month high on return to full-year profitability
The group attributes its improved performance to improved glove demand and cost efficiency Shares of Top Glove soared on Friday (Oct 10)…
Business
Top Glove shares end flat after 7.3% surge in intra-day trade on return to full-year profitability
The group attributes its improved performance to the higher demand for gloves and its cost efficiency Shares of Top Glove soared on Friday…
Business
TSMC posts forecast-beating Q3 revenue surge on AI boom
The company will report full third-quarter earnings on Oct 16, including an updated outlook for the current quarter and full year Taiwan…
Business
Surge in interest, capital into private credit as investors retool portfolios
A large majority of them are intending to make an allocation to a private debt fund: Preqin More capital has been flowing into private…
Business
Tesla sales surge to record on rush to snag US tax credit
The deliveries tally offers a preview of the earnings results the company will report Oct 22 Tesla reported a surprise increase in…
Business
Asia: Markets surge on US rate hopes, tech fired by chip deal
Tech companies have been at the forefront of a surge across markets this year as investors pile into all things linked to artificial…
Business
Shares of LHN surge 7% after co-living unit lodges SGX listing prospectus
The property portfolio of Coliwoo comprises 25 properties in ‘high-demand locations’ across Singapore Shares of property management…
Business
Oil prices surge 3% to 7-week high as surprise US stockpile draw adds to supply worries
Oil prices climbed about 3 per cent to a seven-week high on Wednesday as a surprise drop in US weekly crude inventories added to a sense…
Business
Asia’s real-time payments surge, but gaps persist: StanChart
A common challenge is reconciling payment data, where mandatory fields needed in one country’s transactions differ from those in another…
Business
China’s magnet exports to EU surge as bloc bears brunt of crunch
China’s exports of rare-earth magnets to the European Union surged in August, underscoring the bloc’s heavier reliance on Chinese supply…
Business
Blackstone, KKR drive US$1.41 billion surge in private-equity deals in Korean beauty
Recent investments by Blackstone and KKR could help push deals made this year in sector past those in 2024 From a premium hair salon chain…
Business
Blockchain billionaire emerges from Figure’s post-IPO surge
It took him a few tries, but Mike Cagney is now a billionaire. Shares of blockchain-based lender Figure Technology Solutions have soared…
Business
Asia: Stocks surge into weekend with US rate cut ‘seemingly locked in’
ASIAN markets surged again on Friday, tracking record highs across Wall Street, after US inflation and jobs data all but set in stone a…
Business
US: Oracle surge lifts S&P 500 to record as Dow declines
The S&P 500 finished at a new record Wednesday behind a huge rally in Oracle shares as major US indices diverged ahead of key consumer…
Business
China derivatives fuel 36% surge in SGX trading volume to 31.8 billion units in August
Value traded up 17% to S$33 billion; SGX cites global institutions tapping into China-access derivatives to manage risk across multiple…