Posts by Liam Redmond
Apple revamps Siri as it tries to catch up in the AI race
Apple on Monday unveiled a new version of its virtual assistant Siri, to take on its artificial intelligence-powered rivals such as OpenAI’s ChatGPT and Google’s Gemini. The California smartphone maker has lagged behind its competitors in the AI race as tech companies pour hundreds of billions of dollars into advancing their chatbots and investing in…
Read MoreUS stocks: Wall Street gains as chips rebound, Middle East tensions ease
Published Mon, Jun 8, 2026 · 10:49 PM WALL Street’s major indexes advanced on Monday (Jun 8), as chipmakers bounced back from a sharp selloff last week, while investors took comfort from signs of cooling tensions in the Middle East. Intel shares jumped 8.5 per cent. The Information reported that Alphabet had tapped the company…
Read MoreUK sets out £1.1 billion AI hardware plan with supercomputer, chip funding
£120 million will be set aside to help British companies to design, develop and test novel chips Published Mon, Jun 8, 2026 · 10:15 PM [LONDON] Britain set out a new £1.1 billion (S$1.9 billion) plan on Monday (Jun 8) to build domestic AI computing capacity, including a new national supercomputer and funding to back…
Read MoreUS dollar eases slightly after Iran says attacks on Israel have ended
The greenback held most of the gains made on the back of Friday’s non-farm payrolls report [LONDON] The US dollar retreated on Monday (Jun 8) from its highest level in nearly two months, after Iran said its attacks on Israel had ended. Teheran’s comments lured investors into other currencies that had been dented after strong…
Read MoreApple investors look for AI to power next leg of gains
Apple shares have largely managed to defy gravity for much of the last two years despite the lack of an AI offering Published Mon, Jun 8, 2026 · 09:18 PM APPLE investors have spent nearly two years clamouring for the iPhone maker to make a big splash with artificial intelligence. Their wait may finally be…
Read MoreJ&J to buy cancer drug technology developer Firefly Bio for US$1 billion
Published Mon, Jun 8, 2026 · 08:52 PM JOHNSON & Johnson said on Monday (Jun 8) it will acquire biotech Firefly Bio for US$1 billion in cash, as it looks to expand its cancer drug pipeline. Firefly’s Firelink platform uses antibodies to deliver a protein-degrading drug directly into cancer cells, an approach J&J says could…
Read MoreBitcoin steadies after US$60,000 breach as Saylor hints at buying
Published Mon, Jun 8, 2026 · 08:26 PM BITCOIN steadied itself after dropping below the key threshold of US$60,000, as Strategy chairman Michael Saylor hinted at further purchases of the token. The original cryptocurrency climbed as much as 3.8 per cent to nearly US$64,200 on Monday, before paring slightly to change hands at around US$63,400…
Read MoreIndonesia asks police to probe hundreds of firms on palm prices
Published Mon, Jun 8, 2026 · 07:21 PM INDONESIA’S agriculture minister has asked police to investigate hundreds of palm oil companies that failed to pay farmers more as prices recovered from a slump driven by the country’s new export policy. The ministry has received reports on 270 to 300 firms that have not adjusted their…
Read MoreUniversal Music sounds out investors for one billion euro bond sale
It includes a 4 and 10-year tranche, each with an expected size of 500 million euros, a source says Published Mon, Jun 8, 2026 · 07:16 PM [NETHERLANDS] Universal Music Group is speaking to investors ahead of a possible one billion euro (S$1.5 billion) two-part bond sale on Monday (Jun 8), after rejecting hedge-fund billionaire…
Read MoreAEM, Top Glove among additions to iEdge Singapore Next 50 Indices in June review
[SINGAPORE] AEM, Top Glove, UI Boustead Real Estate Investment Trust and PC Partner Group were on Monday (Jun 8) announced as new additions to the iEdge Singapore Next 50 indices, following the June review. These companies replace SingPost, Digital Core Reit, Wee Hur and China Sunsine Chemical on the iEdge Singapore Next 50 Index and…
Read MoreChina car sales downturn extends into May as Volkswagen tests EV revamp
Published Mon, Jun 8, 2026 · 05:57 PM [BEIJING] China’s car sales fell 22.1 per cent in May, underscoring the persistent weakness in the market that prompted the China Passenger Car Association (PCA) to sharply downgrade its annual sales outlook. The PCA now expects full-year passenger-vehicle sales to drop 11 per cent, compared with its…
Read MoreEni and Petronas launch gas joint venture in South-east Asia
The new company will start from an initial production base of over 300,000 barrels of oil equivalent per day Published Mon, Jun 8, 2026 · 04:55 PM [MILAN] Italy’s Eni and Malaysia’s Petronas have established Searah, a 50-50 joint venture combining key energy businesses across Indonesia and Malaysia, the two companies said on Monday (Jun…
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