Posts by Stephanie Irvin
Major Canadian media sue OpenAI in case potentially worth billions
CANADA’S biggest news organisations on Friday (Nov 29) sued OpenAI, accusing it of using their articles without permission to help train its artificial intelligence chatbot ChatGPT in a case that could cost the American company billions. Media including The Globe and Mail newspaper and public broadcaster CBC accused OpenAI of breaching copyrights by “scraping large…
Read MoreDollar sees biggest weekly drop in a year as Trump trade stalls
THE US dollar is heading for the biggest weekly loss in a year, pulling back from the sharp run up fueled by speculation that Donald Trump’s policies will push the currency higher. Bloomberg’s gauge of the currency slipped 0.4 per cent Friday (Nov 29), extending the week’s decline to 1.3 per cent. The yen was…
Read MoreUK government to review the BBC’s long-term funding
BRITAIN plans to review long-term funding for the BBC, the national broadcaster, and find alternatives to the TV licence, as it seeks to secure its future given competition from streaming giants and as viewers watch less live television. Currently the BBC is funded by the TV licence, a charge of £169.50 (S$288) a year, which…
Read MoreChina Renaissance CEO resigns 10 months after star banker exit
CHINA Renaissance Holdings’ chief executive officer Xie Yi Jing has resigned, less than 10 months after assuming the duties from co-founder Bao Fan, a star banker who has vanished from the public eye since early last year. Xie, also a China Renaissance co-founder who replaced Bao as chairman and CEO in February, has quit the…
Read MoreChinese food delivery giant Meituan beats quarterly revenue estimates
CHINA’S largest food delivery firm Meituan posted a bigger-than-expected 22.4 per cent rise in third-quarter revenue on Friday (Nov 29), defying sluggish Chinese consumption. Meituan, which has an app that provides services as varied as bike-sharing, ticket-booking and maps, reported revenue in the three months to Sep 30 at 93.6 billion yuan (S$17.3 billion), up…
Read MoreChina air cargo flights soar as Trump return, tariffs loom
THE race to secure goods from China before tariffs are imposed has taken off, with international cargo flights out of the Asian nation increasing to new records in the weeks since Donald Trump won the US election. There were 3,485 international cargo flights in or out of China last week, the most in data back…
Read MoreIHH Healthcare’s Mount Elizabeth renovation ahead of schedule, the bulk to be done by Q3 2025
PRIVATE healthcare provider IHH Healthcare expects its ongoing renovation of Mount Elizabeth Hospital along Orchard Road to be largely completed by the second to third quarter of 2025, one to two quarters ahead of schedule. However, the facility’s refurbishment will result in “some margin pressure” on IHH Healthcare’s Singapore operations until the end of 2025,…
Read MoreGold set for weekly decline; market awaits more US data
Gold traded flat on Friday (Nov 22) and was poised for a weekly decline as markets awaited key US economic data, which are expected to shape the Federal Reserve’s monetary policy outlook and influence bullion demand. Spot gold fell 0.1 per cent to US$2,637.71 per ounce, as at 0006 GMT. Bullion was down nearly 3…
Read MoreSingapore shares open lower on Friday; STI down 0.4%
SINGAPORE stocks were trading in negative territory on Friday (Nov 29), following continued worries regarding Trump’s tariff threats. As at 9.01 am, the Straits Times Index (STI) declined 15.47 points or 0.4 per cent to 3,721.78. Across the broader market, losers outnumbered gainers 61 to 37 after 27.3 million securities worth S$40.3 million changed hands.…
Read MoreRenault goes on China hiring spree to bolster EV push at home
RENAULT is trying to strengthen its electric vehicle (EV) business at a time of flagging demand by building up its footprint in a country where it does not even sell cars – China. The French automaker is turning to one of the few markets where battery-powered cars are selling well to access new technology and…
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