Fashion
SAP CFO says AI must move beyond chatbot ‘low-hanging fruit’ before seeing returns
Applying AI to finance, supply chain or other core processes is more difficult because errors are amplified over multiple steps, Asam saidPublished Fri, Jul 24, 2026 · 07:26 AMSAP’s...
Allianz to buy HSBC’s Singapore insurance unit for S$2.9 billion
This comes after German insurance giant’s S$2.2 billion bid for a controlling stake in Income fell through[SINGAPORE] HSBC Holdings on Friday (Jul 24) said that it has agreed to...
HSBC sells Singapore insurance business to Germany’s Allianz in US$2.09 billion deal
Published Fri, Jul 24, 2026 · 07:22 AMHSBC said on Friday (Jul 24) it will sell its Singapore life and health insurance business to Germany’s Allianz, in a deal...
Trump weighs wider Iranian attacks with new truce still elusive
The US president also says damages to ships and cargo will be paid for using frozen Iranian funds in the US’ possessionPublished Fri, Jul 24, 2026 · 06:58 AM...
US warns against excessive yen volatility, calls for BOJ rate hikes
Published Fri, Jul 24, 2026 · 06:49 AM[TOKYO] The US Treasury Department said yen weakness has persisted despite the narrowing of US-Japan interest rate differentials, warning excess volatility in...
Nvidia signs US$1.5 billion accord with semiconductor firm Amkor for chip packaging
This boosts Amkor’s production in Asia to create a geographically diverse and resilient global supply chainPublished Fri, Jul 24, 2026 · 06:38 AM[SAN FRANCISCO] Nvidia signed a US$1.5 billion...
Intel forecast crushes estimates as AI boom boosts chip demand; shares jump
It will raise its capital expenditure forecast for this year from US$18 billion to US$20 billionPublished Fri, Jul 24, 2026 · 06:32 AMINTEL forecast quarterly profit and revenue above estimates...
European shares post biggest drop in two weeks on oil surge, rate hike concerns
Published Fri, Jul 24, 2026 · 06:21 AM[BENGALURU] European shares suffered their steepest one-day drop in over two weeks on Thursday (Jul 24), weighed down by lacklustre earnings, hawkish...
US stocks: Wall Street falls as tech earnings spark AI spending worries and oil hits US$100
Published Fri, Jul 24, 2026 · 06:15 AMWALL Street indexes closed lower on Thursday (Jul 23) with Nasdaq sinking more than 2 per cent as the latest earnings updates...
GIC posts lower 3.4% 20-year annualised real rate of return, launches new investment framework
Singapore sovereign wealth fund sees need for more flexibility amid geopolitical tensions, AI advances[SINGAPORE] Sovereign wealth fund GIC reported an annualised rolling 20-year real rate of return of 3.4...
GIC bullish on AI but warns of capital concentration as ‘largest market risk’
It is also optimistic on renewable power for data centres, transmission infrastructure[SINGAPORE] Singapore sovereign wealth fund GIC is upbeat on the strategic opportunities that artificial intelligence offers, but cautioned...
Commentary: AI companies are creating ‘all-powerful psychopaths.’ Maybe not a great idea?