Posts by Stephanie Irvin
Alibaba launches open-source AI coding model, touted as its most advanced to date
The launch comes amid intensifying competition among Chinese technology companies in the global artificial intelligence development race Published Wed, Jul 23, 2025 · 02:07 PM [BEIJING] Alibaba Group announced on Wednesday (Jul 23) the launch of Qwen3-Coder, an open-source artificial intelligence (AI) model for software development that the Chinese e-commerce giant described as its most…
Read MorePayPal to create global digital wallet platform with Tenpay, UPI
The company also plans to add artificial intelligence and stablecoin use cases to the digital wallet platform at some point Published Wed, Jul 23, 2025 · 01:06 PM [NEW YORK] PayPal Holdings is launching a platform that will enable customers with domestic digital wallets to easily transact with businesses globally, as the payments giant seeks…
Read MoreIndonesian oil giant Chandra Asri buys 11.9% stake in Hiap Seng Industries; shares up 58.3%
Future partnerships between both companies could be on the horizon, says Hiap Seng Industries [SINGAPORE] Indonesian petrochemical producer Chandra Asri has purchased an 11.9 per cent stake in the shares of Hiap Seng Industries and is now its newly-minted substantial shareholder. As at 11.54 am, shares of Hiap Seng Industries were 58.3 per cent up,…
Read MoreBOJ’s Uchida warns of downside risks to economy on trade uncertainty
[KOCHI, Japan] Bank of Japan Deputy Governor Shinichi Uchida said risks to economic activity and prices were skewed to the downside due to “extremely high” uncertainty over trade policy, even as he reiterated the central bank’s readiness to proceed with further interest rate hikes. Uchida’s remarks came hours after US President Donald Trump announced a trade…
Read MoreDelta plans to use AI in ticket pricing draws fire from US lawmakers
[WASHINGTON] Three Democratic senators have pressed Delta Air Lines CEO Ed Bastian to answer questions about the airline’s planned use of artificial intelligence to set ticket prices, raising concerns about the impact on travelers. “Delta’s current and planned individualised pricing practices not only present data privacy concerns, but will also likely mean fare price increases…
Read MoreSAP reports cloud growth that falls short of expectations
[BERLIN] SAP reported quarterly cloud and software sales that fell just short of estimates as tariff insecurities weighed on Europe’s most valuable company. Cloud and software revenue increased 11 per cent to 7.97 billion euros (S$912 billion) in the period ended Jun 30, the Walldorf, Germany-based company said on Tuesday (Jul 22). That missed analysts’…
Read MoreUS: Nasdaq ends six-day streak of records
Published Wed, Jul 23, 2025 · 06:13 AM [NEW YORK] The Nasdaq retreated from a record Tuesday on a mixed day for stocks as markets looked ahead to upcoming earnings reports from Google parent Alphabet and Tesla. The two reports on Wednesday are the first of Wall Street’s “Magnificent Seven” equities to report this season. The group…
Read MoreUS: Wall St opens muted with corporate earnings, trade talks in focus
Published Tue, Jul 22, 2025 · 09:44 PM [NEW YORK] Wall Street opened flat on Tuesday (Jul 22) as investors weighed signs of potential trade deals between the US and its partners ahead of the August 1 tariff deadline and assessed a spate of second-quarter company results. The Dow Jones Industrial Average rose 15.6 points,…
Read MoreSPH Media lays off 11 workers with decommissioning of old printing presses
[SINGAPORE] SPH Media will lay off 11 production workers, following the decommissioning of two of the company’s 30-year-old printing presses which have reached the end of their operational lifespan. SPH Media chief executive officer Chan Yeng Kit announced the job cuts in an e-mail sent to staff on Tuesday (Jul 22). He said the cuts…
Read MoreSTI ends Tuesday flat as regional indices close mixed
[SINGAPORE] The Straits Times Index (STI) closed flat on Tuesday (Jul 22) as regional indices showed mixed performances. The STI gained 0.03 per cent or 1.13 points to 4,208.26. Across the broader market, advancers outnumbered decliners 329 to 229 after 1.4 billion shares worth S$1.3 billion changed hands. The trio of local banks closed lower…
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