Business

The wave of artificial intelligence adoption has claimed another round of jobs — this time at one of the world’s biggest software firms. US-based cloud computing giant Salesforce has confirmed that it has laid off nearly half of its...

NORTH AMERICA – Nvidia, a leading AI chip manufacturer, reported strong earnings for the second quarter of its 2026 fiscal year, exceeding market expectations. However, its shares fell sharply by 5% in after-hours trading, reflecting investor caution over future...

Gold has once again proven its reputation as a “crisis asset”, with prices skyrocketing to unprecedented levels amid escalating global uncertainty. Within just 18 months, the price of gold has doubled—from about USD 1,700 (SGD 2,280) per ounce in...

Gold prices have surged to unprecedented levels in 2025, breaking multiple historical records and igniting a wave of investor interest worldwide. Earlier this year, gold shot past the US$3,500 (approximately S$4,800) per ounce mark, a feat not seen before,...

Two of America’s biggest semiconductor giants, Nvidia and Advanced Micro Devices (AMD), have reached an unprecedented arrangement with the United States government: to pay 15 per cent of their China-based sales revenue from certain advanced computer chips directly to...

Singapore investment and asset management firm Keppel has announced plans to divest the main telecommunications arm of its subsidiary M1 to Simba Telecom, in a transaction valued at S$1.43 billion. The agreement, unveiled on 11 August, will see Simba...

Global oil prices fell for a sixth straight trading session after the Kremlin announced that President Vladimir Putin will meet U.S. President Donald Trump in the coming days, stoking hopes that the war in Ukraine could be de-escalated via...

In Singapore and around the world, a quiet revolution is happening — right in our living rooms. As high-definition smart TVs become more affordable and streaming platforms like Netflix, Disney+, Prime Video, and HBO GO offer endless entertainment at...

Singaporeans banking with UOB may want to reassess their savings strategy. Come 1 September 2025, the popular UOB One Account will see its maximum effective interest rate slashed from 3.3% p.a. to 2.5% p.a., despite maintaining the same account...

Shares of tech titans Microsoft and Meta Platforms surged in European markets on Thursday, following impressive quarterly earnings that blew past investor expectations. The rally was driven by both companies’ continued dominance in artificial intelligence and cloud technologies, with...