Leadership
Banks say growing reliance on Big Tech for AI carries new risks
THE boom in artificial intelligence will increase banks’ dependence on big US tech firms, creating new risks for the industry, European banking executives said.
Excitement around using artificial intelligence (AI)...
Shein’s pre-IPO charm offensive hits roadblocks in Europe
AS ONLINE fast-fashion retailer Shein ramps up its pre-IPO charm offensive in Britain, pushback is growing too from Europe’s retail industry and lawmakers.
As citizens of 27 countries vote in...
US: Wall Street opens lower after hot payrolls data
US STOCK indexes fell at the open on Friday (Jun 7), after data showed job growth accelerated far more than expected in May, leading investors to dial back expectations...
Alibaba unit dumps S$33.3 million in SingPost shares
ALIBABA Investment, a subsidiary of Chinese e-commerce giant Alibaba Group, sold off 72.5 million shares in Singapore Post (SingPost) for S$33.3 million on Friday (Jun 7). The transaction lowers...
Singapore stocks appear unfazed by ECB’s decision; STI once again flat
SINGAPORE shares ended Friday (Jun 7) barely changed, after the European Central Bank (ECB) delivered its first rate cut since 2019.The benchmark Straits Times Index was unchanged in percentage...
Last money launderer to plead guilty in S$3 billion case gets longest jail term – 16 months
WANG Dehai, one of the 10 foreigners arrested in last August’s anti-money laundering bust, was handed 16 months of jail time on Friday (Jun 7), the longest of the...
Meituan prepping Middle East foray while exploring Europe, Asia
MEITUAN is preparing for a potential entry into the Middle East in its first expansion beyond the China region, even as it begins to consider the feasibility of other...
Crypto exchange Kraken is in talks for pre-IPO fundraising round
KRAKEN, one the oldest cryptocurrency exchanges, is considering raising a final funding round ahead of a possible initial public offering (IPO) after receiving inquiries from potential investors during the...
