Posts by Stephanie Irvin
Google to showcase AI, new Pixel phones at surprise Aug 13 event, The Verge reports
GOOGLE will showcase artificial intelligence (AI) features, and updates to its Pixel devices and the Android platform at a special event on Aug 13, according to invites shared online by The Verge and tech commentator Marques Brownlee. The event will be held at Google’s Mountain View headquarters, and have a keynote beginning at 10 am…
Read MoreWaymo robotaxi service opens to all in San Francisco
THE Google-owned Waymo robotaxi service on Tuesday became available to anyone in San Francisco interested in hailing a driverless ride. Waymo has been cautiously expanding its robotaxi service, access to which had thus far been available on an invitation-only basis. “With tens of thousands of weekly trips, our Waymo One service provides safe, sustainable, and…
Read MoreFedEx soars as cost cuts drive better-than-expected forecast
FEDEX forecast profit above Wall Street’s expectations and said it would buy back US$2.5 billion of its stock over the next year, lifting its shares on signs that a sweeping plan to reorganise and cut costs was taking hold. Adjusted earnings in the 2025 fiscal year will be US$20 to US$22 a share, the company…
Read MoreWhy OCBC’s offer for Great Eastern may hinge on two key shareholders
PLANS to delist Great Eastern Holdings (GEH) have taken another step forward after the number of shares owned or agreed to be acquired by offeror OCBC and its concert parties crossed 90 per cent on Jun 24. As the 10 per cent free float threshold required for trading to continue has not been met, trading…
Read MoreNestle launches website for individuals on weight loss drugs
NESTLE’S health unit on Tuesday (Jun 25) launched a Web platform to provide nutritional support for individuals on weight loss programmes, including those using GLP-1 medications. Nestle Health Science said the website will address specific needs such as preserving lean muscle mass, supporting gut health, and offering personalised diet assistance. As more people use GLP-1…
Read MoreChina’s May net gold imports via Hong Kong down about 23% from April
CHINA’S net gold imports via Hong Kong fell about 23 per cent in May to their lowest in eight months as its central bank held off against adding any gold to its reserves last month, Hong Kong Census and Statistics Department data showed on Tuesday (Jun 25). Net imports into the world’s top gold consumer…
Read MoreBoeing’s Spirit Aero bid values 737 supplier at US$35 a share
Boeing has offered to acquire Spirit AeroSystems Holdings for about US$35 a share in a deal funded mostly with stock, according to people familiar with the matter. The latest proposal represents a switch from Boeing’s plan to fund an all-cash offer after months of talks between the companies, said the people, who asked not to…
Read MoreUS dollar reined in by threat of Japanese intervention; yen fragile
THE US dollar backed off the key 160-yen level on Tuesday (Jun 25), as fears of intervention from Japanese officials deterred traders from punishing the yen too severely against any other currencies. Elsewhere, Bitcoin recovered some lost ground after its worst day in more than two months at the start of the week, in part…
Read MoreEU charges Microsoft with abusive bundling of Teams with Office
EU ANTITRUST regulators on Tuesday (Jun 25) charged Microsoft of illegally bundling its chat and video app Teams with its Office product and say that recent moves by the US tech giant to unbundle the package were insufficient and more needed to be done. “Microsoft has breached EU antitrust rules by tying its communication and…
Read MoreSouth Korea, Japan vow to take steps to defend their currencies
Their Finance Ministers will continue to take appropriate actions against excess volatility and disorderly movements in exchange rates Finance ministers of South Korea and Japan used a bilateral meeting in Seoul on Tuesday (Jun 25) to express a shared concern about sharp declines in their currencies and vowed to take steps to defend them. South…
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