Posts by Stephanie Irvin
Access 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…
Read MoreNokia CEO makes world’s first ‘immersive’ phone call
NOKIA CEO Pekka Lundmark made a phone call using a new technology called “immersive audio and video” that improves the quality of a call with three-dimensional sound, making interactions more lifelike, the company said on Monday (Jun 10). “We have demonstrated the future of voice calls,” said Lundmark, who was also present in the room…
Read MoreFrench bank stocks drop after snap election called
FRENCH stocks fell on Monday (Jun 10) after President Emmanuel Macron dissolved the country’s lower house of parliament and called new legislative elections following a drubbing for his group in European voting on Sunday. BNP Paribas and Societe Generale tumbled more than 5 per cent. The move weighed on broader markets, with the Stoxx…
Read MoreCommonwealth Bank of Australia may exit Vietnamese bank after foreign investor cap vote
VIETNAM International Joint Stock Bank (VIB) shareholders will vote on Tuesday (Jun 11) to lower the cap on foreigners’ holdings, a move which sources said may lead to the exit of its main overseas investor, Commonwealth Bank of Australia (CBA). CBA, Australia’s largest lender, holds 19.8 per cent of VIB’s shares, according to VIB’s latest…
Read MoreNew option by Case and Law Society to resolve consumer-business disputes from Oct 1
CONSUMERS involved in disputes with businesses will soon have another avenue to resolve them. From Oct 1, those who are unable to reach a settlement through the Consumers Association of Singapore’s (Case) mediation centre can opt for a “non-binding neutral evaluation”, said the consumer watchdog and The Law Society of Singapore on June 10. A…
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