Posts by Stephanie Irvin
Toyota’s faulty certifications also breach UN rules
THE Japanese government has found that regulatory discrepancies in a number of Toyota Motor cars also breach United Nations standards adopted by 62 countries and regions, the Yomiuri reported on Tuesday (Jun 11) without attribution. While it’s unclear how regulators in each respective jurisdiction would respond, in theory, this means affected models could be ordered…
Read MoreSIA to compensate injured SQ321 passengers at least US$10,000 each for now
SINGAPORE Airlines (SIA) : C6L 0% is offering passengers injured on the turbulence-hit SQ321 flight individual compensation starting from US$10,000. In a Facebook post on Tuesday (Jun 11), the national flag carrier confirmed it sent out its offers of compensation to injured passengers on Jun 10. Passengers who sustained “minor injuries” from the May 21…
Read MoreVietnam to let companies import gold for first time in over a decade
VIETNAM is expected to allow companies to import gold for the first time in over a decade, as it aims to bridge the widening gap between local prices and international benchmarks, an industry official said. The Vietnam Gold Traders Association (VGTA) has been in protracted talks with the government over measures to correct the imbalance…
Read MoreStocks to watch: Seatrium, Kimly
THE following companies saw new developments that may affect trading of their securities on Tuesday (Jun 11): Seatrium : 5E2 0%: A director of the offshore and marine giant, Lai Chung Han, will resign on Jun 30. On Monday, the company said Lai will be assuming appointment as the permanent secretary for development at the…
Read MoreAccess fully restored to key channel after Baltimore bridge debris removed
US FEDERAL agencies said on Monday they have restored full access for commercial maritime transit through the Port of Baltimore after the removal of 50,000 tons of debris from the March 26 collapse of the Key Bridge. The cargo ship Dali crashed into the Francis Scott Key Bridge in March in Baltimore, killing six people…
Read MoreGenerative AI to ‘transform’ gaming but at a cost, says Ubisoft CEO
GENERATIVE AI will profoundly change how video games are created and played, but its capital costs are a serious hurdle, said the chief of French gaming giant Ubisoft on Monday (Jun 10). Speaking at a Los Angeles event showcasing upcoming releases, Yves Guillemot said generative AI, or Gen AI, could make open-world games like Ubisoft’s…
Read MoreOil prices up 3% to one-week high on hopes of higher summer fuel demand
OIL prices climbed about 3 per cent to a one-week high on Monday, buoyed by hopes of rising fuel demand this summer despite a stronger US dollar and expectations the US Federal Reserve will leave interest rates higher for longer. The Fed hiked interest rates aggressively in 2022 and 2023 to tame a surge in inflation.…
Read MoreMusk to ban Apple devices if OpenAI is integrated into OS
BILLIONAIRE Elon Musk said he would ban Apple devices from his companies if OpenAI’s artificial intelligence (AI) software is integrated at the operating system level, calling the tie-up a security risk. The remarks followed a presentation on Monday (Jun 10) by Apple, when the iPhone maker said that customers would have access to OpenAI’s ChatGPT…
Read MoreSeatrium’s director Lai Chung Han to resign
ONE of offshore and marine (O&M) giant Seatrium’s directors, Lai Chung Han, will resign on Jun 30, 2024. In a bourse filing on Monday (Jun 10), Seatrium said Lai, 51, will be stepping down from his role to assume appointment as permanent secretary (Development) at the Ministry of Finance from Jul 1. Lai will also…
Read MoreEuro tumbles after Macron calls snap French election
THE euro fell sharply on Monday (Jun 10), hit by political uncertainty after gains by the far right in voting for the European Parliament on Sunday prompted a bruised French President Emmanuel Macron to call a snap national election. The uncertainty in France adds one more element to what will be a busy week for…
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