Leadership
Qantas first-half profit drops, announces new A$400 million stock buyback
AUSTRALIA’S flag carrier Qantas Airways on Thursday posted a 12.8 per cent fall in first-half profit and announced an additional on-market stock buyback of up to A$400 million. The decline in...
ChatGPT cranks out gibberish for hours
CHATGPT spewed nonsensical answers to user’s queries for hours on Tuesday into Wednesday before eventually returning to its apparent senses. OpenAI did not explain what went awry with its...
US: Stocks dip ahead of Nvidia results, Fed minutes
WALL Street stocks finished mixed on Wednesday following Federal Reserve minutes that signaled slower interest rate cuts ahead. Fed officials offered mixed views over the timing of cutting interest rates, but...
Apple rolls out iMessage upgrade to withstand decryption by quantum computers
APPLE is rolling out an upgrade to its iMessage texting platform to defend against future encryption-breaking technologies. The new protocol, known as PQ3, is another sign that US tech...
Vicom’s H2 net profit climbs 4.5% to S$13.7 million on higher revenue
VEHICLE inspection company Vicom reported on Wednesday (Feb 21) a 4.5 per cent increase in net profit for the second half of 2023, on the back of higher revenue....
COE premiums dip in all categories except commercial vehicles; Open Category below S$100,000 for first time since May 2022
CERTIFICATE of Entitlement (COE) premiums in February’s second round of bidding dropped for all categories except those for commercial vehicles. The price for Category A, for mainstream cars, fell...
Hot stock: SIA dives 9.4% after Q3 results disappoint, erasing 3-week gain
SHARES of Singapore Airlines (SIA) tumbled as much as 9.4 per cent during early trading on Wednesday (Feb 21) after hitting a six-month high on Tuesday. Investors took profit...
Swiss watch exports struggle as luxury slowdown persists
SWISS watch exports rose modestly in January as growth slowed and weak demand for luxury and mid-priced watches dragged on the sector. Monthly exports increased 3.1 per cent to...
