Posts by Riah Marton
New laws close gap in California on deepfake child pornography
Using an AI-powered app to create fake nude pictures of people without their consent violates all sorts of norms, especially when those people are minors. It would not, however, violate California law — yet. But soon it will. A pair of bills newly signed by Gov. Gavin Newsom outlaw the creation, possession and distribution of…
Read MoreHong Kong shares snap 6-day winning streak as investors take profits
HONG Kong stocks fell on Thursday (Oct 3) as investors took profits, ending a six-session rally fuelled by a flurry of Chinese stimulus measures. The Hang Seng index closed down 330.22 points or 1.47 per cent at 22,113.51, after rising 6 per cent on Wednesday in its bet session since November 2022. The index had…
Read MoreBritain’s Tesco raises annual profit outlook after strong first-half
TESCO raised its annual profit forecast on Thursday (Oct 3) as Britain’s biggest supermarket group won market share in its first half, giving it momentum ahead of the key festive trading period. The group, which has a near 28 per cent share of the UK grocery market, said it now expected retail adjusted operating profit,…
Read MoreeSIM platform Truely concludes US$3.5 million fundraise led by 1982 Ventures
It intends to use the funds to expand its offerings, including developing business-to-business services for travel operators and airlines TRAVEL eSIM provider Truely has completed a US$3.5 million financing round led by 1982 Ventures, a seed-stage fintech-focused venture capital firm based in Singapore. On Thursday (Oct 3), Truely said its latest funding round also involved…
Read MoreSabana Reit to vote on proposed internal manager directors at EGM on Oct 18
SABANA Industrial Real Estate Investment Trust (Sabana Reit) will convene a requisitioned extraordinary general meeting (EGM) on Oct 18. The meeting, slated to take place at 10.30 am, will be at Hope@New Tech Park, said the manager on Thursday (Oct 3). This is to vote on the proposed internal manager directors recommended by the…
Read MoreStocks to watch: Sabana Reit, Elite UK Reit, Dyna-Mac
THE following companies saw new developments that may affect trading of their securities on Thursday (Oct 3): Sabana Industrial Real Estate Investment Trust (Sabana Reit): Its manager on Thursday said the trust will convene the requisitioned extraordinary general meeting on Oct 18. This is to vote on the trustee’s and requisitionists’ proposed candidates for directorship…
Read MoreSEC appeals US$125 million judgment in Ripple Labs XRP lawsuit
THE US Securities and Exchange Commission (SEC) appealed a court decision ordering Ripple Labs to pay a US$125 million civil penalty for improperly selling its XRP token, a fraction of the US$2 billion the regulator sought in a long legal battle with the cryptocurrency company. Ripple Labs was sued in 2020 by the SEC, which…
Read MoreGoogle: GenAI Could Add €1.4 Trillion to the EU’s GDP by 2034
Generative AI could add between €1.2 and €1.4 trillion to the E.U.’s gross domestic product within a decade, the equivalent of 8% of growth a year, a new Google report claims. The gains would come from employee productivity increases, the free time created from automating tasks, and the re-employment of people who once handled those…
Read MoreUS report says corrosion at Michigan nuclear plant above estimates
HOLTEC, the company wanting to reopen the Palisades nuclear reactor in Michigan, found corrosion cracking in steam generators ‘far exceeded’ estimates, the US nuclear power regulator said in a document published on Wednesday (Oct 2). The administration of President Joe Biden finalised this week a US$1.52 billion conditional loan guarantee to the Palisades plant. It…
Read MoreStarbucks new CEO wastes no time in overhauling executive ranks
STARBUCKS’ new chief executive officer Brian Niccol is wasting no time rearranging the company’s top ranks, undoing some leadership changes his predecessor had implemented only six months earlier. Niccol has eliminated the role of global chief merchant and product officer held by Lyne Castonguay, a position created by ousted CEO Laxman Narasimhan as part of…
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