Posts by Riah Marton
Tencent joins US$300 million financing for China’s AI unicorn
TENCENT Holdings has contributed to a US$300-plus million round Chinese generative AI startup Moonshot just closed, emulating its arch-rival Alibaba Group Holding in fostering several hopefuls in the highly contested sector. The fundraising propelled Moonshot’s valuation to US$3.3 billion and attracted other investors including Gaorong Capital and existing backer Alibaba, people familiar with the…
Read MoreAlma Cooper, Miss Michigan, Wins Miss USA 2024 – E! Online
Miss Teen USA 2023 UmaSofia Srivastava Steps Down Days After Miss USA Relinquishes Title A new pageant queen has been crowned. Alma Cooper of Michigan has been named Miss USA 2024 following the 73rd annual competition in Burbank, Calif., Aug. 4. The 22-year-old is an Army officer and a graduate of the United States Military…
Read MoreUK car industry body cuts 2024 sales forecast on weak EV demand
BRITAIN’S auto industry body cut its 2024 forecast for new car sales on Monday (Aug 5), saying weak private retail demand for electric vehicles (EVs) is an overriding concern. New car sales this year are expected to be at 1.97 million units, down from an earlier forecast of 1.98 million units, the Society of Motor…
Read MoreL’Oreal to acquire 10% stake in Swiss skin care company Galderma
L’OREAL will acquire a 10 per cent stake in Swiss skin care firm Galderma from a group of major shareholders, the two companies said on Monday (Aug 5), as the French firm seeks a cut of the profits from the booming medical cosmetics market. Galderma, originally set up as a joint venture between Nestle and…
Read MoreInfineon adjusts revenue outlook after missing quarterly forecast
GERMAN chipmaker Infineon adjusted its full-year revenue outlook for the third time in the space of a few months on Monday (Aug 5) after missing expectations in its third quarter due to sluggish demand. The company reported revenue of 3.7 billion euros (S$5.4 billion) for the April-to-June period, falling short of the 3.8-billion-euro forecast in…
Read MoreSocGen sells private banking units in push to slim down bank
SOCIETE Generale (SocGen) has agreed to sell its wealth management units in the United Kingdom and Switzerland to Union Bancaire Privée as chief executive officer Slawomir Krupa makes progress on his pledge to slim down the lender. The price tag for the sale of the units is about 900 million euros (S$1.3 billion), SocGen said…
Read MoreSabana Reit trustee to propose ‘preferred candidates’ for internal manager personnel
THE trustee of Sabana Industrial Real Estate Investment Trust (Sabana Reit) has identified and executed letters of intent with “preferred candidates” whom it intends to propose as directors and senior management of the Reit’s new internal manager. This comes as part of HSBC Institutional Trust Services’ update to unitholders of the Reit on Monday (Aug…
Read MoreJapan’s 10-year government yield tumbles as global bonds rally
JAPAN’S benchmark 10-year bond yield fell to its lowest since April as the global bond rally accelerated following poor economic data in the US that’s spurred traders to bet big on the Federal Reserve’s monetary policy easing. The yield on the 10-year government bond dropped 17 basis points to 0.785 per cent on Monday (Aug…
Read MoreCrowdStrike says Delta CEO ignored offer for help during outage
CROWDSTRIKE Holdings said the leadership of Delta Air Lines failed to respond to an offer for assistance in the wake of last month’s catastrophic system outage that led to thousands of cancelled flights and a federal investigation of the US carrier. The allegation, in a letter on Sunday (Aug 4) from attorneys for the technology…
Read MoreWhy RHONJ’s Season 14 “Last Supper” Proves the Current Cast Is Done for Good – E! Online
There's no coming back from this. Following a season filled with constant fighting, irreparable rifts and brutally fractured friendships, The Real Housewives of New Jersey cast came together one…
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