Posts by Mark Darwin
Canadian dollar posts fourth straight weekly loss amid Trudeau uncertainty
THE Canadian dollar strengthened against its US counterpart on Friday (Dec 20) as investors cheered US inflation data, with the loonie paring its weekly decline after it was pressured by a more hawkish Federal Reserve and domestic political turmoil. The loonie was trading 0.3 per cent higher at 1.4350 to the US dollar, or 69.69…
Read More‘I never thought we would become farmers,’ says F&N CEO
CITRUS farms in Florida have been battered after two hurricanes in two weeks swept over the South-eastern coast of United States between September and October this year. One of the world’s largest citrus producers, the state expects crop yields in 2024 to be at their lowest in close to 100 years after Hurricane Helene and…
Read MoreSingPost fires CEO Vincent Phang, CFO Vincent Yik over handling of whistleblowing report
SINGAPORE POST (SingPost) has terminated the employment of three of its senior management staff, as they were found to be negligent in the handling of internal investigations over a whistleblower’s report that it received earlier this year. The employment of group chief executive Vincent Phang, group chief financial officer Vincent Yik, and the chief executive…
Read MoreBest Time to Buy an iPhone
Thinking about getting a new iPhone? It’s not just about picking the right model; timing your purchase can make a big difference in how much you pay. With iPhones being quite an investment, knowing when to buy can save you a good chunk of change. From major sales events to the release of new models,…
Read MoreSoup Holdings expects to report loss for FY2024 on outlet closures, rising costs
Two newly opened outlets and a recently established central kitchen have underperformed SOUP Holdings expects to report a loss for the financial year ending Dec 31, 2024, it said in a bourse filing on Saturday (Dec 21). The expected loss – compared to a profit recorded in the previous financial year – is likely a…
Read MoreDigital Currency Timeline Prediction
Alright, so digital currency is kinda taking over the conversation these days. It’s like everyone wants to know when this stuff will actually replace the cash in our wallets. From Bitcoin’s wild start to the tech that’s pushing it forward, there’s a lot to unpack. Some folks are all in, while others are scratching their…
Read MoreOpenAI unveils ‘o3’ reasoning AI models in test phase
OpenAI said on Friday (Dec 20) it was testing new reasoning artificial intelligence (AI) models, o3 and o3 mini, in a sign of growing competition with rivals such as Google to create smarter models capable of tackling complex problems. Chief executive Sam Altman said the AI startup plans to launch o3 mini by the end…
Read MoreCar sales to grow modestly in 2025 as global output falters
Auto sales around the world are expected to grow marginally next year on increased supplies of vehicles, but production levels are likely to fall as carmakers seek to rein in inventory levels, according to S&P Global Mobility estimates. Global sales of light vehicles, which include passenger cars, sport utility vehicles and pickup trucks, will rise…
Read MoreSamsung Electronics, Texas Instruments finalise Chips Act awards
Samsung Electronics and Texas Instruments completed final agreements to get billions of dollars of government support for new semiconductor plants in the US, cementing a major piece of the Biden administration’s Chips Act initiative. Under binding agreements unveiled on Friday (Dec 20), Samsung will get as much as US$4.8 billion in funding and Texas Instruments…
Read MoreVolkswagen unveils major job cuts in cost-saving drive
Crisis-hit auto giant Volkswagen said on Friday (Dec 20) it planned to axe 35,000 jobs by 2030 in Germany after reaching an agreement with unions on a drastic cost-cutting plan. The deal, struck at the end of marathon negotiations with labour representatives, will save Europe’s largest carmaker around four billion euros (S$5.7 billion) a year,…
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