Lifestyle
Consumer groups accuse Temu of manipulating online shoppers
EUROPEAN consumer groups on Thursday accused Chinese shopping app Temu of using “manipulative techniques” to force users to spend more and other violations of a landmark EU tech law.One...
China property stocks gauge jumps on proposal for home purchases
THE shares of Chinese developers jumped on optimism that Beijing will provide policy support for the purchase of unsold homes from distressed builders.A Bloomberg gauge of Chinese real estate...
Tencent shares jump after video drives big earnings beat
TENCENT Holdings climbed by the most in more than three weeks after better-than-anticipated earnings suggested the WeChat operator was making headway against ByteDance in a volatile Chinese Internet arena.China’s...
IBM to add 800 AI-related jobs in Ireland
INTERNATIONAL Business Machines (IBM) plans to hire up to 800 more people in Ireland to help build advanced software underpinned by artificial intelligence (AI) technology, the biggest job announcement...
Singapore shares advance after global indices hit all-time highs; STI up 0.5% at Thursday’s open
SINGAPORE stocks started Thursday (May 16) on a strong note tracking overnight gains in global markets, after US core inflation hit its slowest in three years and retail sales...
Stablecoin issuer Circle to make US legal home ahead of listing
CIRCLE Internet Financial, issuer of crypto’s second-largest stablecoin, plans to shift its legal base to the US from the Republic of Ireland.A company spokesperson confirmed on Tuesday (May 14)...
Grab’s Q1 loss narrows to US$115 million
Grab reported a net loss of US$115 million for the first quarter of 2024, narrowing 54 per cent from its loss of US$250 million a year prior. This was...
Interest rates should stay on hold ‘for a while longer’: Federal Reserve’s Kashkari
MINNEAPOLIS Federal Reserve Bank President Neel Kashkari on Wednesday reiterated his view that he is unsure how restrictive monetary policy is right now, and that borrowing costs should stay where...
