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Grab no longer buying Trans-cab, Singapore watchdog says

SINGAPORE (Reuters) - Grab, Southeast Asia's biggest ride-hailing and food delivery firm, has called off its proposed acquisition of Singapore's third-largest taxi operator, Trans-cab, according to a

Coinbase UK unit fined for breaching financial crime requirements

By Huw Jones LONDON (Reuters) -A Coinbase business in Britain has been fined for breaching a regulatory agreement to improve its defences against financial crime, in the first sanction of its kind in

BofA payments app for businesses handled record $500 billion by mid-year

By Lananh Nguyen NEW YORK (Reuters) - Bank of America’s corporate clients approved a record $500 billion in payments through its CashPro app by mid-year, up almost 40% versus the same period in 2023,

Stellantis to sell majority stake in Comau robotics unit to One Equity Partners

MILAN (Reuters) - Carmaker Stellantis will sell a majority stake in its robotic unit Comau to One Equity Partners, the three companies said in a statement on Thursday, in a move aimed at supporting

EU and Singapore agree digital trade deal

BRUSSELS (Reuters) - The European Union and Singapore concluded a digital trade agreement on Thursday designed to ease cross-border data flows and shape global rules for data. The agreement,

The lower the AI exposure, the bigger the problem for Europe’s chip firms

By Olivier Sorgho and Nathan Vifflin (Reuters) - Shares in European semiconductor firms less exposed to AI chips slumped on Thursday as falling demand from their key automotive and industrial clients

AI cloud provider SMC plans global rollout, CEO says

Singapore - Singapore-headquartered AI cloud provider Sustainable Metal Cloud (SMC) is planning to expand globally as its sees fast-growing demand for its energy saving technology, its CEO said on

Apple’s China market share shrinks as Huawei surges, data shows

BEIJING (Reuters) - Apple's market share in China shrank by two percentage points in the second quarter of 2024, as the tech giant faced intensifying competition from rivals like Huawei, according to

Global tech outage to cost Air France KLM close to $11 million, says CFO

(Reuters) - Air France KLM faces a hit of about 10 million euros ($10.85 million) from last week's global technology outage, finance chief Steven Zaat said on Thursday. The group is one of the first

UK watchdog fines Coinbase’s CB Payments for poor controls

By Huw Jones LONDON (Reuters) - Britain's Financial Conduct Authority (FCA) has fined Coinbase business CB Payments Limited (CPBL) 3.5 million pounds ($4.5 million) for poor anti-money laundering

On Camera

Drop that cigarette. Smokers are twice as likely to develop skin cancer compared to non-smokers

A noticeable effect of smoking is premature aging. Studies indicate that the skin biopsy of a 40-year-old heavy smoker can resemble that of a 70-year-old non-smoker.

10 yrs ago, battery leasing failed to boost demand for EV cars in India. Now, it’s making a comeback

Under this model, battery is provided to EV owners on a subscription basis or lease. With more people open to buying EV cars, the lower upfront cost could likely drive wider acceptance.

Morocco signs pact with Tata for joint manufacture of WhAP Infantry Fighting Vehicle

The armoured platform is India's first amphibious infantry combat wheeled vehicle. Last year, the Royal Moroccan Armed Forces had procured 90 military trucks from the Tata Group.

Islam doesn’t kill democracy. The army-Islam combo does

How come Indonesia, Malaysia, Turkey and Sri Lanka remain constitutional, democratic and stable despite Islam and Buddhism respectively, but Pakistan, Bangladesh and Myanmar don’t?