Posts by Mark Darwin
SIA Group passenger capacity up 9.7% in September, outpacing passenger traffic growth
In total, the national carrier and its low-cost arm Scoot carried 3.1 million passengers that month SINGAPORE Airlines (SIA) Group posted a 9.7 per cent increase in passenger capacity in September, outpacing the 7.7 per cent growth in passenger traffic recorded that month. The national carrier and its low-cost arm Scoot flew a total of…
Read MoreGlass Lewis advises Sabana Reit investors to vote against requisitionists’ director candidates at EGM
PROXY adviser Glass Lewis has recommended that unitholders of Sabana Industrial Real Estate Investment Trust (Reit) vote against the director candidates put up by requisitioners of an upcoming extraordinary general meeting (EGM) this Friday (Oct 18), citing a lack of detail provided by the requisitionists on the candidates. Instead, Glass Lewis said unitholders should vote…
Read MoreVW, BMW and Mercedes are getting left in the dust by China’s EVs
RYAN Xu was a dream customer for Germany’s automakers. The Guangdong-based entrepreneur and her husband own a Porsche 911 and a Mercedes-Benz G-Class and were among the first buyers of the electric Porsche Taycan. But her views on German cars have soured as Chinese consumers increasingly favour tech refinement over traditional selling points such as…
Read MoreAdobe starts roll-out of AI video tools, challenging OpenAI and Meta
ADOBE on Monday (Oct 14) said it has started publicly distributing an artificial intelligence (AI) model that can generate video from text prompts, joining the growing field of companies trying to upend film and television production using generative AI. The Firefly Video Model, as the technology is called, will compete with OpenAI’s Sora, which was…
Read MoreNvidia’s record close could unseat Apple as most valuable company
SHARES of Nvidia closed at their highest ever on Monday (Oct 14), putting the heavyweight artificial intelligence (AI) chipmaker on the brink of dethroning Apple as the world’s most valuable company. With investors betting on strong demand for its current and next-generation AI processors, the Santa Clara, California company’s stock climbed 2.4 per cent to…
Read MoreTesla Optimus bots were remotely operated at Cybercab event
TESLA used humans to remotely control some capabilities of its Optimus robot prototypes at a recent event designed to generate investor enthusiasm for forthcoming products, according to sources familiar with the matter. Employees stationed elsewhere oversaw many of the interactions between the humanoid machines and attendees of last week’s We, Robot showcase near Los Angeles,…
Read MoreFrance seeks job guarantees from Sanofi over Doliprane painkiller production
Doliprane is France’s best-selling drug and news that it could be partially sold to a foreign investor has prompted political concerns The French government needs guarantees from drugmaker Sanofi that production of its popular Doliprane painkiller will stay in France to allow the sale of its consumer health branch to go ahead, Economy Minister Antoine…
Read MoreBank of America folds fintech investment banking team into tech
Fintech and software payments are bound to intersect as financial technology begins to resemble traditional technology such as software, banking official says BANK of America has folded its fintech investment banking team into its technology practice, reflecting the industry-wide shift in financial services towards software. The bank is moving about 50 bankers into its roughly…
Read MoreEricsson gets new 5G contract from India’s Bharti Airtel: sources
Its revenue next year may receive a boost, after a decline in India contracts in the first half of 2024 SWEDISH telecommunications gear maker Ericsson has received a new multibillion-dollar contract for selling 5G equipment from India’s Bharti Airtel, two sources familiar with the matter said. This comes after Ericsson last month got part of…
Read MoreGDP growth boosts market sentiment; STI up 0.6%
SINGAPORE stocks cheered robust gross domestic product growth data released on Monday (Oct 14). The benchmark Straits Times Index (STI) was up 0.6 per cent or 22.15 points at 3,595.91 at the close. Across the broader market, losers outnumbered gainers 301 to 254, after 1.3 billion securities worth S$977 million changed hands. The Republic’s economy…
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