Posts by Mark Darwin
Apple design legend Jony Ive joins OpenAI
[SAN FRANCISCO] The legendary designer behind Apple’s iPhone, Jony Ive, has joined OpenAI to create devices tailored for using generative artificial intelligence, according to a video posted Wednesday by the ChatGPT maker. Ive and his team will take over design at OpenAI as part of an acquisition of his startup named “IO” valued at US$6.5…
Read MoreEurope: Stocks ease from two-month highs as retailers, luxury stocks weigh
EUROPEAN stocks were little changed on Wednesday as gains in broader stocks outweighed declines in luxury and retail stocks, while investors monitored a tax cut bill in the United States. The pan-European Stoxx 600 closed slightly lower at 553.82, with retail stocks weighing heavily on the market. London’s JD Sports fell 10.6 per cent to the bottom…
Read MoreLVMH said to warn of continued luxury weakness on China woes
[PARIS] LVMH is warning investors and analysts that demand remains soft after the luxury conglomerate missed revenue estimates for the first three months of the year, sources familiar with the matter said. With a view to managing expectations, LVMH Moet Hennessy Louis Vuitton is putting out cautious signals on second-quarter trends amid lacklustre consumer confidence,…
Read MoreBloomberg terminal back up after outage affects European bond sales
The UK government debt sale has now gone ahead, although the auction deadline was delayed Published Wed, May 21, 2025 · 05:57 PM — Updated Wed, May 21, 2025 · 07:10 PM [LONDON] News and data company Bloomberg said its systems were returning to normal on Wednesday (May 21) after a brief disruption earlier in…
Read MoreShould SingPost divest its headquarters building?
[SINGAPORE] The share price of Singapore Post (SingPost) said it all about investors’ attitude towards the national postal service provider’s latest set of financial results. The share price tanked 12 per cent on May 15 despite SingPost proposing a dividend of S$0.09 a share for FY2025 ended March, with the payout from the gain from…
Read MoreYoma Strategic’s H2 profit falls 12.4% to US$18.3 million
[SINGAPORE] Yoma Strategic Holdings posted a 12.4 per cent decline in net profit for the second half-year ended Mar 31 to US$18.3 million, from US$20.9 million in the same period last year. This was mainly due to lower net fair value gains recorded on its investment properties in Myanmar, the conglomerate said in a regulatory…
Read MoreChina threatens enforcers of US’s Huawei curbs with legal action
Published Wed, May 21, 2025 · 12:56 PM CHINA said it could take legal action against anyone enforcing US restrictions on using Huawei Technologies’ artificial intelligence (AI) chips, escalating a dispute that’s upset a tentative truce on tariffs. “China believes that the US abuses export controls to contain and suppress China, which violates international law…
Read MoreNvidia says US export controls on AI chips to China were ‘a failure’
The world’s second-largest economy to invest aggressively to develop a supply chain that does not rely on manufacturers outside the country Published Wed, May 21, 2025 · 12:02 PM [TAIPEI] US export controls on artificial intelligence (AI) chips to China were “a failure”, Nvidia chief executive Jensen Huang said on Wednesday (May 21). “All in…
Read MoreNvidia CEO praises Trump move to scrap some AI export curbs
[TAIPEI] US export controls on artificial intelligence (AI) chips to China were “a failure” as they have cost American companies billions of US dollars in lost sales, Nvidia chief executive Jensen Huang said on Wednesday (May 21). Huang’s comments were levelled at the Biden administration’s AI diffusion rule that sought to curb exports of sophisticated…
Read MoreFormer Citigroup traders drop Hong Kong lawsuit on cost concerns
[HONG KONG] Two former Citigroup traders in Hong Kong abandoned their employment lawsuits after weighing the costs and difficulties of taking it to a higher court, sources familiar with the matter said. Ex-Citi director Alrick Lee and Kenny Cheung, a former vice-president, agreed to drop their wrongful dismissal claims after a Labour Tribunal judge deemed…
Read More