Adobe brings free Photoshop app to phones, courting younger users
The free version of the Photoshop app will have features such as splitting a photo into separate layers, masking off parts of it and adding text ADOBE said on Tuesday (Feb 25) it is…
Swedan Margen
I focus on highlighting the latest in business and entrepreneurship. I enjoy bringing fresh perspectives to the table and sharing stories that inspire growth and innovation.
Alibaba makes AI model for video, image generation publicly available
CHINESE e-commerce leader Alibaba said on Wednesday (Feb 26) that its video- and image-generating artificial intelligence (AI) model Wan 2.1 is now publicly available – or open source – in…
Battle erupts between billionaire Kwek Leng Beng and son Sherman Kwek for control of CDL
A tussle between father and son for control of property giant City Developments Limited (CDL) was revealed on Feb 25 with executive chairman Kwek Leng Beng publicly criticising his son…
Super Micro jumps after filing delayed financial reports
SUPER Micro Computer gained more than 20 per cent in extended trading after it submitted outstanding financial reports to become compliant with Nasdaq rules, easing concerns risks that the…
CDL calls for trading halt as it cancels results briefing
City Developments Limited (CDL) announced on Wednesday (Feb 26) morning that it is canceling its results briefing that was scheduled to be held on the same day, pending announcements. That…
China must cut 15% of steel capacity to meet 2025 climate goals
CHINA needs to tackle its steel glut by cutting 15 per cent of capacity this year, if mills are to meet their 2025 climate goals and return to profitability, according to clean energy…
SingPost to hold EGM on Mar 13 to seek shareholders’ approval for sale of Australia business; mulls special dividend
SINGAPORE Post (SingPost) said on Wednesday (Feb 26) it will hold an extraordinary general meeting (EGM) to seek shareholders’ approval for the proposed divestment of its Australia…
Italy extends big tech tax probe to Musk’s X social network
ITALY is claiming 12.5 million euros (S$17.4 million) from Elon Musk’s social network X following a tax probe running parallel to one into Meta, four sources with direct knowledge of the…
Forest City could become cheaper, secondary family office hub to complement Singapore
While the fundamentals are there, it is too early to tell if the zone could become a regional wealth centre MALAYSIA’S Forest City could be a secondary family office (FO) hub that…
US: S&P 500, Nasdaq muted as US plans tighter curbs on chip exports to China
The benchmark S&P 500 and the Nasdaq had a subdued start on Tuesday (Feb 25) as markets braced for the potential impact of more stringent US trade controls on Beijing and awaited quarterly…
Food Empire H2 profit down 3.2% at US$28.9 million
FOOD Empire’s net profit fell 3.2 per cent to US$28.9 million for the second half ended Dec 31, 2024, from US$29.8 million in the same period the year before. Meanwhile, its revenue rose…
DBS flags 13,000 employees for upskilling, reskilling amid job cuts
DBS has identified 13,000 employees that require upskilling or reskilling, in order to enable them to be future-ready, the bank said on Tuesday (Feb 25). To date, more than 10,000 staff…
Teens are spilling dark thoughts to AI chatbots. Who's to blame when something goes wrong?
When her teen with autism suddenly became angry, depressed and violent, the mother searched his phone for answers. She found her son had been exchanging messages with chatbots on…
Singapore shares in the red as regional indices fall; STI retreats 0.3%
Losers beat winners 326 to 234, as 1.6 billion securities worth S$1.8 billion change hands SINGAPORE equities closed Tuesday (Feb 25) in the red, tracking regional losses. The benchmark…
SingPost must quickly find a new group CEO to deliver it from its troubles
The postal-service provider’s road map following the sale of its Australian unit would shape the slate of candidates and its final pick of helmsman NATIONAL postal-service provider…
OCBC, UOB poised to gain most from JS-SEZ; DBS could seek to expand Malaysia footprint: analysts
The zone will enable the banks with networks that are entrenched in the two markets to gain from stronger investment flows AMONG the trio of local banks, OCBC and UOB are expected to stand…
‘Worst is over’: Analysts bullish on Raffles Medical’s potential China turnaround; Maybank upgrades to ‘buy’
ANALYSTS have raised their target prices on private healthcare provider Raffles Medical amid expectations of an earnings recovery, which could be accelerated by a potential turnaround in…
Tesla sales fall 45% in Europe as rivals’ EV registrations soar
TESLA’s sales plunged 45 per cent last month across Europe, where rival carmakers saw a surge in electric vehicle (EV) demand. The Elon Musk-led company registered only 9,945 cars in…
Law firm HFW expands Hong Kong office to Hongkong Land’s tower
HFW will have more space in the new office, in contrast with the recent downsizing efforts by some of its international peers HONGKONG Land Holdings signed UK law firm Holman Fenwick…
Trump team seeks to toughen Biden’s chip controls over China
DONALD Trump’s administration is sketching out tougher versions of US semiconductor curbs and pressuring key allies to escalate their restrictions on China’s chip industry, an early…
US securities regulator closes investigation into Robinhood’s crypto arm with no action
ROBINHOOD said the US securities regulator had closed its probe into the retail trading firm’s crypto arm with no action, as it seeks to revamp policing of digital assets since President…
Yangzijiang Shipbuilding dives further after US proposed fees for Chinese-built ships
SHARES of maritime vessel maker Yangzijiang Shipbuilding tumbled further on Tuesday (Feb 25) in early trade, after the US Trade Representative (USTR) office proposed to slap fees on…
Indonesian bond plan sparks fears over governance, monetisation
BANK Indonesia’s plan to buy bonds that will be issued by the government to fund its ambitious housing programme is raising more concerns over the nation’s debt governance. The plan for…
Bank of Korea signals more rate cuts as Trump’s tariffs take shape
BANK of Korea (BOK) governor Rhee Chang-yong signalled more policy easing to come this year as the central bank cut its benchmark interest rate to support an economy jolted by political…