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| Last Updated | Mar 28 23 |
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Meta proves AI hype has its limits : Artificial intelligence is a multibillion-dollar project with no clear timeline for revenues
ft.com/content/698c79e0-0b0b-401d-8132-99a42f236b92
Quick Glance: Microsoft's Leadership in AI Threatens Amazon Cloud Dominance
- Microsoft is poised to potentially surpass Amazon in the cloud computing market with innovative AI features.
- Upcoming quarterly reports from Microsoft will illuminate the impacts of AI investments.
- Microsoft's Azure cloud service could experience significant growth fueled by generative AI.
- Google and Amazon are also focusing on integrating AI into their cloud services.
Yen inches closer to intervention point as BOJ meeting starts: For the first time in over 30 years, the yen weakened beyond ¥155 per dollar ...
japantimes.co.jp/business/2024/04/25/markets/yen-falls-past-155/
Ukraine minister detained over suspected corruption: Prosecutors: Ukraine’s Agriculture Minister Mykola Solsky was detained after being named a formal suspect in ...
english.alarabiya.net/News/world/2024/04/26/ukraine-minister-detained-over-suspected-corruption-prosecutors-
Indonesia raises interest rates to support sliding rupiah: Currency has lost nearly 5% of its value against dollar this year amid expected delays to US rate cuts
ft.com/content/e3f75d49-c3bf-408c-b8a4-e8c599dba384
Yen Approaches Intervention Point as BOJ Meeting Starts: Yen traders are bracing themselves for a redux of September 2022, when Japan intervened in the market to ...
bloomberg.com/news/articles/2024-04-25/yen-inches-closer-to-intervention-point-as-boj-meeting-starts
Live news: Yen weakens to ¥155 per dollar as US stocks edge higher
ft.com/content/df08445b-c568-4473-85f5-4d7efd2cfa6a
At $1.41m, maisonette in Toh Yi Drive breaks estate and executive records for the third time
asiaone.com/money/141m-maisonette-toh-yi-drive-breaks-estate-and-executive-records-third-time
Billion-dollar money laundering case: Suspect to plead guilty as he faces new charge of using criminal proceeds to buy S$332,280 car
channelnewsasia.com/singapore/billion-dollar-money-laundering-case-suspect-su-baolin-pleads-guilty-using-criminal-proceeds-buy-car-4290906
Sterling dips as investors book profits on scorching rally: The pound eased on Wednesday, surrendering some gains from its biggest one-day rally in four months ...
reuters.com/markets/currencies/sterling-dips-investors-book-profits-scorching-rally-2024-04-24/
Boeing announces million-dollar losses after series of safety scandals: The aircraft manufacturer beat Wall Street expectations but still finds itself in crisis ...
euronews.com/business/2024/04/24/boeing-announces-million-dollar-losses-after-plane-maker-hit-by-safety-scandals
Bank of Japan keeps interest rates unchanged despite pressure over weak yen: The Bank of Japan kept its ultra-low interest rates unchanged Friday but analysts ...
japantoday.com/category/business/weak-yen-pressures-bank-of-japan-rate-decision
Canterbury A&P Association's board director paid $75k for landing $5m council deal
rnz.co.nz/news/country/515302/canterbury-a-and-p-association-s-board-director-paid-75k-for-landing-5m-council-deal
Stocks hit by tech slump; yen flails at intervention zone - Markets - The Jakarta Post
thejakartapost.com/business/2024/04/25/stocks-hit-by-tech-slump-yen-flails-at-intervention-zone.html
Yen drops to 156 level vs. dollar as BOJ keeps current easing policy - The Mainichi
mainichi.jp/english/articles/20240426/p2g/00m/0bu/046000c
Yen briefly surges vs. dollar from upper 156 to upper 154 range - The Mainichi: TOKYO (Kyodo) -- The yen briefly surged to the upper 154 range against the U.S ...
mainichi.jp/english/articles/20240426/p2g/00m/0bu/067000c
Gravitas: Pentagon’s Multibillion-dollar bet on AI | DoD spends billions on Silicon Valley startups
wionews.com/videos/gravitas-pentagons-multibillion-dollar-bet-on-ai-dod-spends-billions-on-silicon-valley-startups-715003
Weak yen could make BOJ's Ueda lean more toward hawkish stance: The yen's drop to fresh 34-year lows is likely to force the Bank of Japan (BOJ) Governor ...
dailysabah.com/business/economy/weak-yen-could-make-bojs-ueda-lean-more-toward-hawkish-stance
Absa feels pinch as weak shilling inflates debt load by Sh4 billion: The weakening of the shilling lifted Absa Bank Kenya’s debt load by Sh4.2 billion to Sh24 ...
businessdailyafrica.com/bd/markets/currencies/absa-feels-pinch-as-weak-shilling-debt-load-by-sh4-billion--4602394
Tested: 2023 Mercedes-Maybach S680 4Matic Is a Bargain of Sorts: Compared to its ultra-posh competition, the V-12-toting S680 seems like a screaming deal.
caranddriver.com/reviews/a60536586/2023-mercedes-maybach-s680-test/
Newsroom daily quiz, Thursday 25 April: When did New Zealand change its currency from the pound to the dollar? Test your general knowledge with Newsroom's ...
newsroom.co.nz/2024/04/25/newsroom-daily-quiz-thursday-25-april/
Investors loved weak yen boosting shares until it went too far: Concern is growing that the currency is becoming a liability for Japan’s economy and stocks.
japantimes.co.jp/business/2024/04/24/economy/weak-yen-concern-japan-economy/
Market Turbulence: Ibovespa Falls and Dollar Rises: Amidst a day of mixed fortunes on the Brazilian stock market, the Ibovespa, Brazil's primary stock index ...
riotimesonline.com/market-turbulence-ibovespa-falls-and-dollar-rises/
Biden Makes $11 Billion Push to Beat China at Chip Research: The Biden administration’s efforts to revitalize the chip industry have mostly focused on doling out ...
bloomberg.com/news/articles/2024-04-24/biden-makes-11-billion-push-to-beat-china-at-chip-research
Why a stronger dollar is dangerous: It sets the stage for a nasty new Trump-China clash, among other things
economist.com/finance-and-economics/2024/04/23/why-a-stronger-dollar-is-dangerous
Where king dollar is causing pain the most: A dollar surge propelled by a strong economy, sticky inflation and geopolitical tensions have unnerved policymakers ...
reut.rs/4b6jIC7
Morning Bid: Big Tech swoons as Q1s lurk, Nvidia decimated: A look at the day ahead in U.S. and global markets from Mike Dolan
reuters.com/markets/us/global-markets-view-usa-2024-04-22/
Quick Glance: Overview: Tesla Stocks Plummet, Europe Business Surpasses Expectations
- World markets have brightened slightly this week, but Tesla is facing a critical earnings test, while Europe's business pulse has surprisingly been lively this month.
- Following the worst week on Wall Street since 2022, relief from easing Middle East tensions helped stabilize the situation on Monday. The chip giant Nvidia made a modest recovery from losses as Big Tech megacaps gear up for quarterly earnings releases.
- As the first of the 'Magnificent 7' Vanguard stocks, electric vehicle giant Tesla will report on Tuesday, having plummeted by a substantial 43% year-to-date and nearly 60% over the past two years amidst fierce price competition, declining EV demand, and governance/product concerns.
- While Big Tech jitters define this month's market fluctuations, investors will closely watch the upcoming results for a clearer perspective.
Rupee ticks up on foreign banks' dollar sales; forward premiums slip: The Indian rupee logged modest gains in early trading on Monday on dollar sales from ...
reuters.com/markets/currencies/rupee-ticks-up-foreign-banks-dollar-sales-forward-premiums-slip-2024-04-22/
Asian shares extend gains ahead of tech earnings, yen fragile - Markets - The Jakarta Post
thejakartapost.com/business/2024/04/23/asian-shares-extend-gains-ahead-of-tech-earnings-yen-fragile.html
Manchester United and Disney in talks over multi-million-dollar documentaries deal
theathletic.com/5436374/2024/04/23/man-utd-disney-documentaries/
Soaring won-dollar exchange brings both positives, negatives: The strengthening of the U.S. dollar against the Korean currency — nearing the 1 ...
koreatimes.co.kr/www/biz/2024/04/175_373213.html
Ringgit turns soft against US$ as volatility rises: KUALA LUMPUR: The ringgit traded lower against the US dollar in early trade on Monday amid the ongoing Middle ...
thestar.com.my/business/business-news/2024/04/22/ringgit-turns-soft-against-us-as-volatility-rises
'Tremendous' currency pressure tests Asia bond investors: HONG KONG -- The U.S. dollar's strength and bets that the Federal Reserve will delay interest rate ...
asia.nikkei.com/Business/Markets/Bonds/Tremendous-currency-pressure-tests-Asia-bond-investors
Singapore’s US$400 billion economy, soaring currency give next PM Lawrence Wong plenty to smile about
scmp.com/news/asia/southeast-asia/article/3259876/singapores-us400-billion-economy-soaring-currency-give-next-pm-lawrence-wong-plenty-smile-about
Investors raise bets on euro falling to parity with dollar: Eurozone borrowing costs seen as likely to fall first as strength of US economy lowers chance of ...
ft.com/content/700f0282-e939-4441-8093-6e012c39f4bd
Vietnam surpasses India and Thailand and now becomes biggest rice supplier for Singapore
thestar.com.my/aseanplus/aseanplus-news/2024/04/20/vietnam-surpasses-india-and-thailand-and-now-becomes-biggest-rice-supplier-for-singapore
11th anniversary of Rana Plaza tragedy today: Today is the 11th anniversary of the Rana Plaza collapse, the worst-ever tragedy in the country's multi-billion ...
en.samakal.com/bangladesh/170829490/th-anniversary-of-rana-plaza-tragedy-today
Intervention Risk Is Rising Going Into BOJ Meeting, BofA Says
bloomberg.com/news/articles/2024-04-24/intervention-risk-is-rising-going-into-boj-meeting-bofa-says
BBC World Service director resigns amid cutback fears: Liliane Landor to step down in July after three years in the role, saying she is ‘deeply concerned’ about ...
thetimes.co.uk/article/bbc-world-service-director-resigns-amid-cutback-fears-t3nbrtbnj
Stablecoin Tether gets boost as dollar alternative in emerging markets, CEO says: Stablecoin Tether's recent growth is being driven by its use as an alternative ...
reuters.com/technology/stablecoin-tether-gets-boost-dollar-alternative-emerging-markets-ceo-says-2024-04-19/
Phish Sphere Shows Revel in the Vegas Venue's Unreal Possibilities: The Vermont-bred quartet and James Dolan’s multi-billion-dollar desert dream-orb are a match ...
gq.com/story/phish-sphere-shows-revel-in-the-vegas-venues-unreal-possibilities
Quick Glance: Phish Enchants Crowd with Improvisation
- Phish performed at the Sphere, captivating with unpredictable music and impressive visual effects.
- Utilizing the 16k LED screen of the Sphere, the band created optical spectacles transporting the audience to different environments.
- Phish improvised during the performance by having the visual spectacles react to the music in real-time.
- The band presented a wide range of music styles and emotions, spanning from fusion to funk, captivating listeners.
New initiative aims to help Kampong Chai Chee residents stretch their dollar: The scheme taps the power of kampong spirit to help residents cope with rising ...
straitstimes.com/singapore/new-initiative-aims-to-help-kampong-chai-chee-residents-stretch-their-dollar-amid-rising-living-costs
Take Five: Dancing to the dollar's beat: Just when it looked like rate cuts were coming any minute now, inflation has reared its head and the strength of the ...
reuters.com/business/take-five/global-markets-themes-graphic-2024-04-19/
Recto Sees Philippine Rate-Cut Delay Risk If Peso Down to 59: Philippine Finance Secretary Ralph Recto cautioned that his nation may see a delay in interest-rate ...
bloomberg.com/news/articles/2024-04-19/philippines-recto-sees-rate-cut-delay-risk-if-peso-sinks-to-59
Japan may intervene to support yen any time, says senior ruling party official | The Asahi Shimbun: Breaking News, Japan News and Analysis
asahi.com/ajw/articles/15242623
Risk sensitive South African rand weakens as geopolitical tensions bite: South Africa's rand weakened in volatile trading early on Friday, as reports of an ...
reuters.com/markets/risk-sensitive-south-african-rand-weakens-geopolitical-tensions-bite-2024-04-19/
Squeezed by strong dollar, BOJ watches yen ahead of policy meeting: WASHINGTON/TOKYO -- A yen sell-off and its effect on inflation loom large over the Bank of ...
asia.nikkei.com/Business/Markets/Currencies/Squeezed-by-strong-dollar-BOJ-watches-yen-ahead-of-policy-meeting
Sterling wavers as markets gauge reported Israeli attack on Iran: The pound was little changed on Friday after falling to a five-month low against the dollar in ...
reuters.com/markets/currencies/sterling-wavers-markets-gauge-reported-israeli-attack-iran-2024-04-19/
Africa’s super wealthy still mostly in Joburg, but semigration sees Mother City fast catching up
timeslive.co.za/sunday-times/business/2024-04-21-africas-super-wealthy-still-mostly-in-joburg-but-semigration-sees-mother-city-fast-catching-up/
Ukraine is digging in as the Kremlin steps up its offensive : Will it be enough?
economist.com/europe/2024/04/18/ukraine-is-digging-in-as-the-kremlin-steps-up-its-offensive
Asia Steps Up Currency Defense as Mideast Strife Roils Market: Central banks from Jakarta to Seoul intensified the defense of their currencies ...
bloomberg.com/news/articles/2024-04-19/asia-steps-up-currency-defense-as-mideast-strife-roils-market
Ex-Smiths chief set for pay bump after quitting FTSE for smaller US group: Paul Keel in line for multimillion-dollar pay rise despite jumping to a US company ...
ft.com/content/6fec80ac-dee5-41e2-ad6b-3e4781582631
Norway's trillion dollar wealth fund posts 107 billion dollar first quarter gain: Norway's sovereign wealth fund, the world's largest, posted a gain of ...
thelocal.no/20240418/norways-trillion-dollar-wealth-fund-posts-107-billion-dollar-first-quarter-gain
Govt reduces general hajj package cost: Religious Affairs Minister Md Faridul Haque Khan yesterday said the government has reduced the cost of general hajj ...
thedailystar.net/news/bangladesh/news/govt-reduces-general-hajj-package-cost-3591726
A new push on cars - Economy - Al-Ahram Weekly: Favourable economic conditions are likely to drive prices down and sales up in Egypt’s automobile market
english.ahram.org.eg/News/522041.aspx
U.S. Senators Lummis, Gillibrand Take on Stablecoin Legislation With New Bill: Senators Cynthia Lummis and Kirsten Gillibrand unveiled a new bill Wednesday ...
coindesk.com/policy/2024/04/17/us-senators-lummis-gillibrand-take-on-stablecoin-legislation-with-new-bill/
Stocks sink, oil surges on reports of Middle East attacks - Markets - The Jakarta Post
thejakartapost.com/business/2024/04/19/stocks-sink-oil-surges-on-reports-of-middle-east-attacks.html
Week in Views - The search for skills, billion dollar birthdays and terrific transmedia
pocketgamer.biz/news/83843/week-in-views-the-search-for-skills-billion-dollar-birthdays-and-terrific-transmedia/
Antiques Roadshow guest gasps after learning thrift find was worth small fortune: Antiques Roadshow expert James Ffrench was left stunned by a beautiful textile ...
mirror.co.uk/tv/tv-news/antiques-roadshow-guest-gasps-after-32627437
Softbank-Backed Oyo Eyes $450 Million Bond Sale for Refinancing: Oyo Hotels is in talks to raise up to $450 million via dollar bonds, a person familiar with the ...
bloomberg.com/news/articles/2024-04-19/softbank-backed-oyo-eyes-450-million-bond-sale-for-refinancing
Ringgit continues to appreciate vs USD at close: KUALA LUMPUR: The ringgit ended the week on a positive note, closing higher against the US dollar for the third ...
thestar.com.my/business/business-news/2024/04/19/ringgit-continues-to-appreciate-vs-usd-at-close
Asian currencies can't fight the dollar on a rampage: Markets tend to reflect economic performance. And ideal or not, the reality of a world is one currency ...
japantimes.co.jp/commentary/2024/04/18/world/asian-currencies-dollar-rampage/
PBOC’s Easier Yuan Defense (CNY USD) May Stem From Trade-Weighted Strength: Beijing’s currency defense against the dollar risks coming undone by the side effect ...
bloomberg.com/news/articles/2024-04-18/pboc-s-easier-grip-on-yuan-may-stem-from-trade-weighted-strength
Americans priced out as number of ‘million-dollar cities’ quadruples: In 2014, 119 US neighbourhoods had a median house value over $1 million. Ten years on ...
thetimes.co.uk/article/americans-priced-out-million-dollar-cities-quadruple-9c3z75rv5
Her and Blade Runner 2049’s Dystopias Get Closer Thanks to New 'A.I. Girlfriends' Market
denofgeek.com/movies/her-blade-runner-2049-dystopias-closer-new-a-i-girlfriends/
With the Release of Fallout 4's Next-Gen Update, It's Time To Give Fallout 4 Another Chance - IGN
ign.com/articles/fallout-4-next-gen-update-revisit-bethesda-amazon
Banned Seinfeld ep surfaces after 33 years: These pretzels are making me … murderous?
news.com.au/entertainment/tv/flashback/script-for-controversial-axed-seinfeld-episode-emerges-after-33-years/news-story/2ff57b96a80661a7a0cc3feb5cadf266
Lord of the Rings Trilogy Returning to Theaters in June - IGN: The Lord of the Rings trilogy is returning to theaters in June 2024, including the first ...
ign.com/articles/lord-of-the-rings-trilogy-returning-to-theaters-in-june
Quick Glance: The Lord of the Rings Trilogy Extended and Remastered for Cinematic Release
- Peter Jackson’s iconic Lord of the Rings trilogy is getting a re-release in cinemas this summer.
- For the first time, an extended and remastered version of each film will be available to screen at participating US theatres, including AMC, Cinemark, and Regal.
- The three-day event – a collaboration between Warner Bros and Fathom Events – will kick off on 8 June with the first movie, 2001’s The Fellowship Of The Ring, followed by 2002’s The Two Towers on 9 June and 2003’s The Return of the King on 10 June.
- Interested fans can secure their tickets by visiting the official Fathom Events website.
Jodie Comer, Aaron Taylor-Johnson & Ralph Fiennes To Star In ‘28 Years Later’ For Danny Boyle And Sony Pictures
deadline.com/2024/04/28-years-later-movie-aaron-taylor-johnson-jodie-comer-ralph-fiennes-1235894028/
Quick Glance: 28 Years Later: Cast Revealed with Jodie Comer, Aaron Taylor-Johnson, and Ralph Fiennes
- Sony Pictures' work on 28 Years Later is progressing, as Ralph Fiennes, Jodie Comer, and Aaron Taylor-Johnson have all signed up to join Danny Boyle and Alex Garland’s post-apocalyptic follow-up, according to Deadline.
- The three stars are now attached to the first of a planned three-movie run for the franchise. Details about their roles remain undisclosed at this time.
- Fiennes, Comer, and Taylor-Johnson each possess enough star power to carry their own films. Fiennes is best known for his roles in The Grand Budapest Hotel and Schindler’s List, but also made a name for himself as an intimidating head chef and as Lord Voldemort in Harry Potter movies. Taylor-Johnson has appeared in numerous superhero films and is allegedly a top candidate to take on James Bond. Comer has a significant presence in Killing Eve and has also been in Ridley Scott’s The Last Duel and Ryan Reynolds-led Free Guy.
- 28 Years Later aims to bring the three stars together to narrate a story penned by Garland and directed by Boyle. However, the trio is only committed to the initial installment, leaving their return for future films uncertain. A second film in what could be a 28 Years Later trilogy is already confirmed, with Nia DaCosta as the favored choice to direct. The filming plan involves shooting both movies consecutively.
In the face of bans, ByteDance tightens grip over US TikTok operations: Relationship between TikTok, ByteDance deepens as tensions over the app’s ownership ...
ft.com/content/0e040c03-e979-4acd-a6aa-6298301dcc42
Quick Glance: TikTok Ban Threat: ByteDance Prefers Closure Over Sale, Insiders Say
- ByteDance, the owner of TikTok, would prefer to shut down its loss-making app rather than sell it if all legal options to fight legislation to ban the platform from app stores in the US are exhausted, said four sources.
- TikTok accounts for a small share of ByteDance’s total revenues and daily active users, so the parent would rather have the app shut down in the US in a worst-case scenario than sell it to a potential American buyer, they said.
- ByteDance would not agree to sell one of its most valuable assets – its “secret source” – to rivals, said the four sources, referring to the TikTok algorithm.
- After facing challenges regarding bans, the short-form video app has encountered partial and attempted prohibitions in the US and other nations.
Blizzard Cancels BlizzCon 2024, Promises Return in Future Years - IGN: Blizzard has announced today that it will not be holding its annual BlizzCon event in 2024 ...
ign.com/articles/blizzard-cancels-blizzcon-2024-promises-return-in-future-years
Autobots, Roll Out! Auto-Converting Megatron Robot Joins the Fray: The leader of 'The Transformers' bad guys—the Decepticons—joins previously released robot ...
pcmag.com/news/autobots-roll-out-auto-converting-megatron-robot-joins-the-fray
S&P slashes Boeing credit outlook as rating hovers above junk status: Boeing's credit rating was under pressure for the second time this week as S&P brought them ...
reuters.com/business/aerospace-defense/sp-revises-outlook-boeing-negative-2024-04-25/
Dragon’s Dogma 2 Has Done So Well Capcom Is Paying Out More Money to Shareholders - IGN
ign.com/articles/dragons-dogma-2-has-done-so-well-capcom-is-paying-out-more-money-to-shareholders
Peckham electrician runs his own company at just 23 years old: A Peckham electrician, who runs his own company at just 23, talks about how much he earns ...
southwarknews.co.uk/area/peckham/peckham-electrician-runs-his-own-company-at-just-23-years-old/
Star Wars: Battlefront Classic Collection Gets Second Update 6 Weeks After Disastrous Launch - IGN
ign.com/articles/star-wars-battlefront-classic-collection-gets-second-update-6-weeks-after-disastrous-launch
Ban or no ban, TikTok artists and advertisers to remain until 'door slams shut': Ban or no ban, TikTok's partners in the music and advertising world plan to ...
reuters.com/technology/tiktok-artists-advertisers-stay-with-app-until-door-slams-shut-2024-04-24/
Quick Glance: ByteDance Would Consider Closing TikTok in US Over Sale, Sources Claim
- ByteDance would prefer to cease TikTok operations rather than engage in a sale if all legal avenues are exhausted to combat potential legislation banning the platform in US app stores, as per four sources.
- Despite TikTok's massive popularity with over a billion users, it remains unprofitable, contributing a small fraction to ByteDance's overall revenues and daily active user base.
- ByteDance stated on Thursday in a release on Toutiao, a media platform it possesses, that there are no intentions to sell TikTok, in response to claims from The Information about ByteDance exploring sale scenarios for TikTok's US operations excluding the recommending algorithm for user videos.
- As of December, ByteDance's valuation stood at $268 billion when it proposed a buyback of approximately $5 billion in shares from investors.
Boosted by the Fallout TV Show, Fallout 76 Sees Over One Million Players in a Single Day - IGN
ign.com/articles/boosted-by-the-fallout-tv-show-fallout-76-sees-over-one-million-players-in-a-single-day
The Fallout 4 Upgrade Isn't Free For Owners On PS Plus And They're Furious [Update: Bethesda Is Fixing It]
kotaku.com/fallout-4-ps5-upgrade-free-ps-plus-game-pass-1851435453
VinFast chief plans to invest $1 billion more from his fortune in EV maker: Vietnamese billionaire Pham Nhat Vuong said on Thursday he planned to invest $1 ...
reuters.com/markets/asia/vinfast-chief-planning-invest-another-1-billion-his-fortune-ev-maker-2024-04-25/
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