Meta is cutting 600 jobs in its AI division
Meta is slashing roughly 600 jobs in its artificial intelligence unit as the tech giant aims to move faster to compete with its rivals. The company declined to comment on the job cuts, but…
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CICT loses its top ranking in global ESG benchmark for real estate
Clas, FLCT and Hongkong Land maintain their positions as sector leaders in this year’s GRESB rankings CapitaLand Integrated Commercial Trust (CICT) has slipped from its top position as…
Meta is cutting around 600 roles in AI unit, Axios reports
The cuts will affect the company’s Facebook Artificial Intelligence Research (FAIR) unit Meta is cutting roughly 600 positions out of the several thousand roles within its…
Meta reported to be cutting around 600 roles in AI unit
The cuts will affect the company’s Facebook Artificial Intelligence Research (FAIR) unit Meta is cutting roughly 600 positions out of the several thousand roles within its…
Wearable tech for your dog? Life360 releases a new pet tracker
Millions of people already use the Life360 app to track the location of their family members and loved ones. Now the California tech company behind the popular family safety app is hoping…
China’s EV boom saddles its auto insurers with losses
China’s giant electric vehicle insurance market is flailing. Losses are piling up, as companies’ risk models haven’t kept up with changes in vehicle economics and driver behaviours. The…
Singapore counters close higher; STI rises 0.3%
Across the broader market, advancers beat decliners 311 to 262 after 1.4 billion securities worth S$1.6 billion change hands Counters on the Singapore stock exchange broadly closed higher…
Is gold losing its shine? What bullion’s plunge could signal, according to analysts
The precious metal was up 60% this year till recently, outstripping Bitcoin and the Magnificent Seven stocks Questions on whether gold’s bull run is gone for good surfaced after its…
Mandarin Oriental acquisition bid shows it’s better to invest in Jardine Matheson
Analysts say the proposed buyout is a good deal for Jardine Matheson, but not so much for Mandarin Oriental International minority shareholders as it undervalues Mandarin Oriental…
Indonesia’s central bank surprises with decision to hold rates steady
The overnight deposit and lending rates were also kept at 3.75 per cent and 5.50 per cent Indonesia’s central bank unexpectedly held its key interest rate steady on Wednesday, surprising…
Heineken to sell less beer in 2025 as demand falters
CEO Dolf van den Brink said macroeconomic volatility had become more pronounced in the third quarter Dutch brewer Heineken warned on Wednesday (Oct 22) its 2025 beer sales would fall as…
Changi Airport’s Q3 passenger traffic up 3.1%
Top markets are China, Indonesia, Malaysia, Australia and India; air freight throughput up 3.7% Changi Airport posted 17.3 million passenger movements in the third quarter of 2025, an…
Thailand monetary policy should remain accommodative, central bank minutes show
The Bank of Thailand will keep monetary policy accommodative to support an economic recovery and remains ready to adjust policy settings as needed, the minutes of the central bank’s Oct 8…
Commodity vessels clog China ports as fee imposed on US ships
The Asian nation has introduced a hefty extra fee on vessels known to have American links, following a similar America move Waiting times for commodity vessels queued off China’s ports…
MAS to announce in November measures to help listcos deliver greater shareholder value: Chee Hong Tat
They will include government grants, toolkits, and an expanded suite of engagement platforms The Republic will be announcing more details of its “Value Unlock” programme in November, said…
Sanli Environmental scoops S$281 million LTA contract
Catalist-listed Sanli Environmental won a S$281 million contract from the Land Transport Authority (LTA) on Tuesday (Oct 21). The contract – the largest single contract secured by the…
Gold falls again as rally comes to halt, Asian markets drop
GOLD and silver tumbled for a second day on Wednesday, bringing a rally in the precious metals to a juddering halt, while equities also sank after US President Donald Trump remarked that a…
China says Dutch Nexperia seizure places supply chain at risk
Talks between the two governments come a week after the Dutch state seized control of Nexperia using an emergency Cold-War era law China’s Commerce Minister warned that the Dutch state’s…
Airbus opens second jet assembly line in China
Airbus said on Wednesday it had opened a second assembly line in China, increasing manufacturing capacity for its best-selling A320neo family of single-aisle jets. The European…
Gold plunge knocks CNMC Goldmine off pedestal after 400% gain
This follows a recent wave of sell-offs amid profit taking by investors who fear that gold’s recent rally has left it overvalued Shares of CNMC Goldmine fell on Wednesday (Oct 22) morning…
Air New Zealand warns of first-half loss as weak bookings and rising costs bite
AIR New Zealand on Wednesday warned it would report a first-half loss after soft local economic conditions dented expectations for a revenue pickup in domestic and US-bound bookings and…
New JPMorgan skyscraper underlines Manhattan office comeback
JPMorgan Chase officially inaugurated its new Manhattan tower on Tuesday, a 60-story skyscraper that also marks a kind of comeback of office working after the pandemic years. Some 10,000…
Driverless Waymo taxis under investigation after failing to stop for a school bus
Around 2,000 Waymo vehicles are under investigation following reports of one of the self-driving taxis navigating around a school bus while children disembarked. The National Highway…
OpenAI launches its own browser to compete with Google
OpenAI launched its own web browser called Atlas, hoping to use its artificial intelligence superpowers to take away market share from Google, which has dominated the browser and search…