Posts by Stephanie Irvin
South Korea financial watchdog chief offers to resign after veto on shareholder interests
[SEOUL] The head of South Korea’s financial watchdog said on Wednesday he had offered to resign, a day after the acting president vetoed a revised Commercial Act that would have broadened the duty of corporate board members to act in the interests of all shareholders. Financial Supervisory Service (FSS) Governor Lee Bok Hyun had said…
Read MoreAlibaba preparing for flagship AI model release as soon as April
OpenAI, Google and Anthropic have similarly released a flurry of new models in recent weeks [NEW YORK] Alibaba Group Holding is planning to release Qwen 3, an upgraded version of its flagship artificial intelligence (AI) model, as soon as this month with competition from rivals including OpenAI and DeepSeek heating up. The Hangzhou-based company’s new…
Read MoreGM leads first quarter US auto sales as tariffs loom
[WASHINGTON] General Motors led US vehicle sales in the first quarter, according to company reports on Tuesday, as the industry braces for President Donald Trump’s incoming tariffs this week. GM said its US sales jumped 17 per cent in the quarter from the same period a year ago, reporting 693,363 deliveries. Fellow major automakers Toyota,…
Read MoreStakes high for Switch 2 after Nintendo’s stock valuation surges
NINTENDO shares have soared to a series of records in anticipation of its Switch 2 console, making the upcoming reveal of the gadget’s details a potential watershed. The stakes are high for the unveiling of the console on Wednesday, with the stock trading near its priciest level in seven years. The pressure to impress with…
Read MoreEurope: Shares recover ground as markets brace for US tariff deadline
EUROPEAN shares rebounded on Tuesday from a two-month low touched in the previous session, while the market braced for an impending April 2 deadline for US reciprocal tariffs. Barring a slight decline in the media sector, all major European sectors advanced, led by gains in bank and technology stocks. The pan-European Stoxx 600 index closed 1.07 per cent higher…
Read MoreUS: Wall Street opens lower as Trump tariffs loom
[NEW YORK] US stock indexes opened lower on Tuesday (Apr 1), marking a gloomy start to the quarter, as investors braced for the impending storm of sweeping tariff announcements from the Trump administration. At 09.30 am, the Dow Jones Industrial Average fell 154.65 points, or 0.37 per cent, to 41,845.98. The S&P 500 lost 20.54…
Read MoreStraits Times Index closes slightly lower after cutting intra-day losses
[SINGAPORE] The Singapore blue-chip gauge Straits Times Index (STI) slid almost 0.8 per cent during intra-trading but managed to erase the losses and closed slightly down on Tuesday (Apr 1). The STI dipped 3.58 points or 0.1 per cent to 3,968.85. This came as Wall Street closed overnight marginally higher after a late-session climb. SPI…
Read MoreCoinbase sees worst quarter since FTX fell as crypto slides
[NEW YORK] Shares of Coinbase Global and other firms linked to cryptocurrencies were hammered this quarter as growing concerns about the US economy weighed on digital assets. Coinbase fell 31 per cent in the worst quarterly performance since FTX collapsed near the end of 2022. Nearly every major crypto-linked stock plunged alongside it, from…
Read MoreBoeing slows output of 737 Max jets to 31 a month due to wing systems issues
The US planemaker is working to grow production of its 737 MAX jet to at least 38 a month this year [WASHINGTON] Boeing slowed production of 737 MAX airplanes to 31 per month from 38 due to delays related to fitting wing systems, the Air Current reported on Tuesday (Apr 1), citing people familiar with…
Read MoreHiring Red Flags You Can’t Ignore
Hiring can be tricky, and spotting the right candidate is crucial. But sometimes, the signs are there, waving red flags that you can’t ignore. Recognizing these hiring red flags can save you from making costly mistakes that affect team dynamics and company culture. In this article, we’ll break down common behaviors and traits to watch…
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