Posts by Yurie Miyazawa
Even handicraft marketplace Etsy needs AI to compete, says CEO
THE web platform Etsy is famous for selling cutesy handmade arts and crafts, but even a company that relies on a cottage industry of artisans is increasingly undergirded by artificial intelligence (AI), its CEO said on Tuesday (Nov 12). “You couldn’t run Etsy without AI,” Josh Silverman said on the sidelines of the Web Summit…
Read MoreChina taps global bankers for feedback to lift market confidence
CHINA’S securities regulator has ratcheted up the frequency of interactions with global banks, intensifying what had been quarterly discussions to sometimes weekly or ad-hoc queries aimed at gathering perspectives on recent stimulus measures, according to sources familiar with the matter. Over the past few weeks, the regulator has especially had an interest in revisions global…
Read MoreAlphabet’s Waymo opens autonomous ride-hailing service to all in Los Angeles
ALPHABET’S Waymo said on Tuesday (Nov 12) that its autonomous ride-hailing service, Waymo One, is now available to everyone in Los Angeles, a sign of rapid growth and adoption of the technology. Waymo had closed a US$5.6 billion funding round last month, as automakers and technology companies are betting big on the driverless technology to…
Read MoreTemasek Trust invests US$50 million in HSBC-held Tekoma Energy
TEMASEK Trust agreed to invest US$50 million in an HSBC Asset Management-owned Japanese solar energy company. ABC Impact, a unit of the Singapore firm, will acquire a stake in Tokyo-based Tekoma Energy, spokespeople for ABC Impact and HSBC confirmed. Tekoma will use the new fund to develop and upscale solar photovoltaics projects. Impact investing…
Read MoreValuetronics posts 10.2% rise in H1 net profit to HK$90.5 million
INTEGRATED electronic manufacturing services (EMS) provider Valuetronics’ net profit for the first half ended September grew 10.2 per cent to HK$90.5 million (S$15.6 million) from HK$82.1 million. Earnings per share grew 11.6 per cent to HK$0.221, versus HK$0.198 in the same period the previous year. This came as improved margins helped to offset a 3.3…
Read MoreSingtel’s interim dividend up 35%, H1 profit falls 42.4% to S$1.23 billion in absence of exceptional gain
Soft enterprise demand is expected to improve in the coming months, and data centre customers are paying reservation fees to secure limited capacity SINGTEL’S net profit for the first half ended September fell 42.4 per cent year on year to S$1.23 billion from S$2.14 billion. This was in the absence of a S$1.2 billion exceptional…
Read MoreHertz falls on mounting losses from failed bet on Tesla EVs
HERTZ Global Holdings tumbled after the company reported a worse-than-expected loss stemming from the rental car company’s failed bet on electric vehicles (EVs) and heavy depreciation costs that have pummeled earnings for the past year. The company posted an adjusted loss of 68 US cents a share in the third quarter, more than the 46…
Read MoreMeta to offer less personalised ads in Europe to appease regulators
META Platforms plans to offer Instagram and Facebook users in Europe the option to receive “less personalised ads,” the tech giant announced on Tuesday (Nov 12), in an effort to allay regulators’ mounting concerns. The Menlo Park, California-based company said it is implementing these changes in response to demands from EU regulators. Over the coming…
Read MoreIReit Global reports 89.6% portfolio occupancy for Q3, weighed down by Spanish portfolio
EUROPE-FOCUSED real estate investment trust IReit Global on Tuesday (Nov 12) announced a portfolio occupancy of 89.6 per cent for its third quarter ended Sep 30, and suggested that the market there appears to have bottomed out and is showing the first signs of growth. Its Q3 portfolio occupancy was a shade glummer than that…
Read MoreVodafone back in profit as nears UK merger with Three
TELECOMS group Vodafone returned to profit in the first-half, it announced on Tuesday (Nov 12), as the group closes in on a merger of its UK operations with rival Three. Net profit totalled nearly 1.1 billion euros (S$1.6 billion) in the six months to the end of September, the British company said in an earnings…
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