Leadership
Europe: Stoxx 600 hits record high in strong start to March
EUROPE’S benchmark index hit a new record high on Friday (Mar 1) propelled by rate-sensitive stocks, with investors continuing to cheer upbeat corporate earnings while looking past data that...
Meta rebuffs Google’s virtual reality tie-up proposal, The Information reports
META Platforms decided against a partnership with Alphabet to use Google’s Android XR platform for its virtual and mixed-reality Quest headsets, The Information reported on Friday (Mar 1). Google...
India’s Paytm Payments Bank fined over US$662,000 for alleged money laundering
INDIA’S Financial Intelligence Unit (FIU) on Friday (Mar 1) imposed a penalty of US$662,565 on Paytm’s banking arm, Paytm Payments Bank, for alleged money laundering, the country’s finance ministry...
TA Corp H2 net profit up 9% to S$11.7 million
PROPERTY and construction company TA Corporation posted a 9 per cent rise in net profit to S$11.7 million for its second half ended Dec 31, 2023, from S$10.8 million...
Elon Musk sues OpenAI and CEO Sam Altman for abandoning mission
ELON Musk has sued ChatGPT-maker OpenAI and its chief executive Sam Altman, among others, saying they had abandoned the company’s original mission to develop artificial intelligence for the benefit...
Elon Musk sues OpenAI for abandoning original mission for profit
ELON Musk has sued ChatGPT-maker OpenAI and its CEO Sam Altman, saying they abandoned the startup’s original mission to develop artificial intelligence for the benefit of humanity and not...
Aztech CFO resigns after five months in role; company searching for replacement
AZTECH Global announced on Friday (Mar 1) that its chief financial officer (CFO) Leslie Tan has resigned from the company. His resignation will take effect from Mar 28. The...
Norway wealth fund sells stakes in 3 Jardine firms on environment concerns
NORWAY’S US$1.6 trillion sovereign wealth fund has excluded three companies from its portfolio due to concerns that mining activity may destroy the natural habitat of critically endangered orangutans, the...
Singapore to tackle resilience, security risks with new law for digital infrastructure service providers
SINGAPORE intends to introduce a Digital Infrastructure Act to govern key digital infrastructure service providers, in order to address resilience and security risks. “Large cloud service providers and data...
