Posts by Mark Darwin
How firms can use AI to fight advanced cyber attacks
FROM March to August this year, organisations in Singapore faced an alarming average of 1,775 cyber attacks*. This is higher than the worldwide average of 1,587, according to a report by Check Point Software Technologies, a leading cyber security platform provider of cloud-delivered solutions powered by artificial intelligence (AI). Top targets, says the firm, were…
Read MoreBaltic Exchange Shipping Insights
Capesize The Capesize market experienced a week of mixed activity, highlighted by a strengthening Pacific, South Brazil and West Africa to China routes, while the North Atlantic market struggled initially. Early in the week, the Pacific gained momentum with the involvement of all three major miners and increasing fixtures, driving up the C5 index. However,…
Read MoreS’pore consumers, ports could benefit from reshuffling of alliances among world’s largest shipping lines
Local ports could benefit as the world’s largest shipping lines restructure alliances in the light of major trade routes being redrawn around the Horn of Africa to avoid violence in the Red Sea. Denmark’s Maersk and Swiss-run MSC, two of the world’s largest container shipping lines, will dissolve their existing alliance from February 2025 to…
Read MoreUS dollar’s resilience in face of Fed cuts disappoints traders
Traders betting big on a weaker US dollar are facing disappointment – at least for now – as the greenback remains resilient following the Federal Reserve’s half-point interest-rate cut. Despite a Bloomberg gauge of the greenback closing out a third week of losses, the measure is little changed since the Fed announced the reduction on…
Read MoreS-Reits gain 1.7% after Fed’s rate cut
AFTER the recent softening in jobs data and inflation figures, the US Federal Reserve declared its first rate reduction in four years, decreasing the overnight borrowing rate by 50 basis points, or half a percentage point, in line with market expectations. This brings the Fed funds rate to a range of 4.75 to 5 per…
Read MoreFrench media sue Google for 1 billion euros over advertising
Seven French media groups plan to sue Google seeking more than one billion euros (S$1.4 billion) for alleged anti-competitive practices in online advertising, a report said on Friday (Sep 20). The professional information service Mind Media said the seven groups, representing a total of 22 companies, had either begun or were about to begin legal…
Read MoreMicrosoft AI needs so much power it’s tapping site of US nuclear meltdown
The owner of the shuttered Three Mile Island nuclear plant in Pennsylvania will invest US$1.6 billion to revive it, agreeing to sell all the output to Microsoft as the tech titan seeks carbon-free electricity for data centres to power the artificial intelligence (AI) boom. Constellation Energy, the biggest US operator of reactors, expects Three Mile Island…
Read MoreRocket Lab satellite launch puts SpaceX challenger back on track
Rocket Lab USA launched its small-satellite Electron rocket, getting the company back on track after it aborted a previous attempt during the final countdown. Long Beach, California-based Rocket Lab is second only to SpaceX among American companies in number of missions this year and is developing a larger rocket that will more directly challenge Elon…
Read MoreGoogle judge questions company testimony as ad defense begins
A senior Google executive sought to refute the US Justice Department’s antitrust case over its display advertising technology business, testifying that it faces “fierce competition” from the likes of Microsoft, Amazon.com and Meta Platforms. But the federal judge overseeing the trial in Virginia called the testimony “highly questionable” and potentially “tainted” given that Google officials…
Read MoreBoeing’s space and defense chief exits in new CEO’s first executive move
Boeing said on Friday (Sep 20) the head of its troubled space and defense unit is leaving the company immediately, in the first management change under new chief executive Kelly Ortberg. Ortberg, who took over in August, said Ted Colbert would be leaving and Steve Parker, the unit’s chief operating officer, would assume Colbert’s responsibilities…
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