HSBC names Brendan Nelson chairman in surprise move

HSBC names Brendan Nelson chairman in surprise move

The bank says Nelson’s appointment follows a robust process assessing internal and external candidates [LONDON] HSBC Holdings’ interim chairman Brendan Nelson will move into that role on a permanent basis, in a surprise move that came seven months after the Asia-focused lender started a search to replace its former chair Mark Tucker. The appointment comes…

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Waymo hits a dog in San Francisco, reigniting safety debate

Waymo hits a dog in San Francisco, reigniting safety debate

A self-driving Waymo taxi hit a dog in San Francisco, reigniting a heated debate over autonomous vehicle safety just weeks after one killed a popular neighborhood cat. On Sunday, around 8 p.m. in San Francisco’s Western Addition neighborhood, a Waymo carrying passengers ran over a small, unleashed dog, the company confirmed. The dog’s condition is…

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Temasek-backed Xora Innovation leads US$46 million funding in Vinci

Temasek-backed Xora Innovation leads US million funding in Vinci

[SINGAPORE] Vinci, the brain behind a physics-driven artificial intelligence (AI) platform for hardware design and simulation, raised US$46 million in seed and Series A funding, it said on Tuesday (Dec 2). The Series A round was led by Temasek-backed venture capital fund Xora Innovation, with participation from Khosla Ventures and Eclipse. Silicon Valley-headquartered Vinci said…

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STI up 0.3%, amid mixed showing by Singapore shares

STI up 0.3%, amid mixed showing by Singapore shares

Across the broader market, there are 288 gainers and 236 decliners, with 1.3 billion securities valued at about S$1.3 billion transacted [SINGAPORE] Singapore shares had a mixed showing on Tuesday (Dec 2). The benchmark index for blue-chip stocks closed higher, but that for the next 50 largest companies was lower. The Straits Times Index (STI)…

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