Posts by Mark Darwin
ServiceNow eyes US$1 billion revenue for AI product by 2026
The company makes software applications that help companies organise and automate their personnel and information technology operations Published Tue, May 6, 2025 · 11:02 AM [NEW YORK] ServiceNow said its flagship artificial intelligence (AI) software product will hit US$1 billion in annual contracted business by next year. The new 2026 guidance for the generative AI…
Read MoreGold hits one-week high on safe-haven demand, Fed decision loom
Published Tue, May 6, 2025 · 10:01 AM [BENGALURU] Gold prices climbed to a one-week high on Tuesday (May 6) as rising concerns over US President Donald Trump’s tariff plans boosted safe-haven demand, while investors also kept a close tab on the upcoming Federal Reserve policy meeting. Spot gold rose 0.1 per cent to US$3,337.69…
Read MoreShein, Temu ramp up advertising in UK and France as US tariffs hit
[NEW YORK] Shein and Temu, fast-fashion e-commerce platforms that ship merchandise from China, boosted their spending on digital ads in Europe in April, data from market intelligence firm Sensor Tower showed, a shift away from the US where the companies face crushing tariffs. Shein and Temu’s ad spending rose the most in France and the UK compared to…
Read MoreGoogle has launched new film and TV production wing: Business Insider
[BENGALURU] Google has launched a new film and TV production initiative to scout projects it could fund or co-produce, Business Insider reported, a move that could help it capitalise on an industry reeling from rising production costs and potential US tariffs. The initiative, called “100 Zeros”, is a multi-year partnership with Range Media Partners, a…
Read MoreOpenAI dials back conversion plan, nonprofit to retain control
OPENAI has dialled back a significant restructuring plan, with its nonprofit parent retaining control in a move that is likely to limit CEO Sam Altman’s power over the pioneering maker of ChatGPT. The announcement follows a storm of criticism and legal challenges, including a high-profile lawsuit filed by rival and co-founder Elon Musk, who has…
Read MoreUS dollar’s fall in Asia stuns investors, spreads across globe
[NEW YORK] The US dollar got a fresh jolt to start the week as speculation around potential trade deals sparked an extraordinary spike in Taiwan’s currency and reverberated across global foreign exchange markets. Already under pressure as US President Donald Trump’s economic agenda dents attitudes around American assets, the greenback weakened further on Monday (May…
Read MoreCredit Suisse to pay US$511 million as part of agreement with US DOJ in tax evasion case involving Singapore accounts
A CREDIT Suisse unit on Monday pleaded guilty to US charges of helping ultra-wealthy Americans evade taxes and will pay a fine of more than US$510 million, the US Department of Justice (DOJ) said on Monday (May 5). Credit Suisse Services pleaded guilty and was sentenced for conspiring to hide more than US$4 billion from…
Read MoreSkechers to go private for US$9.42 billion in biggest sneaker industry deal
[BENGALURU/NEW YORK] Skechers has agreed to be taken private by 3G Capital for US$9.42 billion in the footwear industry’s biggest buyout to date, exiting public markets after 26 years as the popular shoe brand grapples with the impact of steep US tariffs. Investment firm 3G Capital has offered US$63 per Skechers share in cash, the…
Read MoreUS: Stocks close lower on Monday as S&P 500 rally peters out
Published Tue, May 6, 2025 · 06:12 AM [NEW YORK] US stocks closed lower on Monday, ending a nine-day streak of gains for the S&P 500 index as service sector activity data came in slightly better than expected. The broad-based index fell 0.6 per cent to 5,650.38, while the Dow Jones Industrial Average closed down 0.2 per…
Read MoreProperty maps vs. Surveys
Land ownership and property management involve complex systems and regulations. Understanding the difference between property maps and a survey is key to solving this riddle. While these tools are somewhat similar, they serve different purposes. Read this article to learn the difference between a land map and a survey and their distinct features and usages. Defining a…
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