Posts by Stephanie Irvin
Bitcoin jumps to high for the year ahead of Trump inauguration – The Business Times
BITCOIN appears to be back on track toward record highs with the second presidential inauguration of pro-crypto Donald Trump just days away. The largest cryptocurrency by market value has climbed as much as 13 per cent since Sunday (Jan 12), putting it on pace for the biggest weekly gain since election week in November. Bitcoin,…
Read MoreMicrosoft-OpenAI partnership raises antitrust concerns, FTC says – The Business Times
MICROSOFT’S US$13 billion investment in OpenAI raises concerns that the tech giant could extend its dominance in cloud computing into the nascent artificial intelligence (AI) market, the Federal Trade Commission (FTC) said in a report released on Friday (Jan 17). The commission said Microsoft’s deal with OpenAI, as well as Amazon.com and Google’s partnerships with…
Read MoreMental Health Days: Are They the New Lunch Break?
Mental health days are becoming a hot topic at work, almost like a new kind of lunch break. People are talking about them more and more. It’s about taking a day off to focus on your mental health, not just physical health. With stress levels through the roof these days, many workers feel like they…
Read MoreDollar holds gains against yen, steadies ahead of Trump inauguration – The Business Times
THE dollar held gains against the yen on Friday (Jan 17), but ended the week lower after a six-week winning streak, as investors await Donald Trump’s presidential inauguration and clarity on the course of the incoming administration’s policies. The yen was poised for its strongest weekly performance in over a month as expectations for a…
Read MoreEurope: Shares in longest weekly winning streak for almost five months – The Business Times
EUROPEAN shares ended on a positive note on Friday (Jan 17), benefiting from a broad-based rally which was fuelled by declining government bond yields and encouraging economic data from China, with the Stoxx 600 logging its fourth straight weekly rise. The benchmark index, which rose by 0.7 per cent, recorded a more than 2 per…
Read MoreGoldman Sachs boosts CEO pay to US$39 million, lines up five more years at helm – The Business Times
Goldman Sachs raised CEO David Solomon’s compensation 26 per cent to US$39 million for last year, according to a filing, and its board lined up an US$80 million stock retention bonus that signals he will stay at the helm for another 5 years. John Waldron, the bank’s president and chief operating officer was also awarded…
Read MoreFormer Sabana Reit director Charlie Chan, other unitholders requisition EGM to seek sale of assets
THE manager of Sabana Industrial Real Estate Investment Trust (Sabana Reit) has received a requisition notice for an extraordinary general meeting (EGM) from unitholders owning over 10 per cent of the trust. In a bourse filing on Friday (Jan 17), the manager said it is considering the requisition notice and consulting with the trustee, as…
Read MoreAustralia’s gambling giant Star on the brink of collapse as cash runs out
AUSTRALIA’S biggest listed casino operator, Star Entertainment Group, once had it all. Its gaming licenses stretched out for centuries. The domestic market was home to the planet’s most prolific gamblers. The company’s harbourside resort in Sydney drew a constant flow of high-rollers from China. Now Star is bleeding cash, desperate for funding and – by…
Read MoreBird feathers, blood found in both engines of crashed jet in South Korea: source – The Business Times
INVESTIGATORS found bird feathers and blood in both engines of the Jeju Air jet that crashed in South Korea last month, killing 179 people, a person familiar with the probe told Reuters on Friday (Jan 17). The Boeing 737-800 plane, which departed from the Thai capital Bangkok for Muan county in south-western South Korea, belly-landed…
Read MoreNvidia CEO will miss Trump inauguration, unlike many tech peers
NVIDIA chief executive officer Jensen Huang is expected to miss the inauguration of US president-elect Donald Trump on Jan 20, bucking a trend among high-profile US technology leaders. Huang is visiting East Asia this week, as he typically does around the time of the Chinese New Year, according to a source familiar with the situation.…
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