Culture
LME imposes new restrictions on holders of large positions
Published Sat, Jun 21, 2025 · 10:46 AM[LONDON] The London Metal Exchange (LME) has imposed new restrictions on holders of large positions in nearby contracts amid low inventory levels,...
Apple executives have held internal talks about buying AI startup Perplexity
[SAN FRANCISCO] Apple executives have held internal discussions about potentially bidding for artificial intelligence (AI) startup Perplexity AI, seeking to address the need for more AI talent and technology.Adrian...
Walmart to pay US$10 million to settle US FTC lawsuit over money transfer fraud
Published Sat, Jun 21, 2025 · 09:14 AM[NEW YORK] Walmart has agreed to pay US$10 million to settle a US Federal Trade Commission (FTC) civil lawsuit accusing the world’s...
Tesla invites select few to Texas robotaxi trial with front seat safety monitors
[SAN FRANCISCO] Tesla has sent out invitations to a small group of people to join the limited test of its robotaxi service in Austin, Texas, which is tentatively set...
Meta discussed buying Perplexity before investing in Scale
[LOS ANGELES] Meta Platforms held discussions with artificial intelligence (AI) search startup Perplexity AI about a possible takeover before moving ahead with a multibillion-dollar investment in Scale AI, according...
US Federal Reserve split on whether to hedge on inflation, or proceed with cuts
[WASHINGTON] The close split at the US Federal Reserve over whether to keep hedging against inflation risks or move forward faster with rate cuts came through on Friday (Jun...
Investors eye infrastructure sector for diversification and to ride demand
[SINGAPORE] The infrastructure sector is piquing investor interest, given that data centres and the growing number of electric vehicles are consumers of energy, and will drive the demand for...
Intense heat to push biggest US grid’s power use to 12-year high
PJM’s demand growth is rebounding after languishing for the better part of a decade, as new data centres cropped up in Northern Virginia and spread across the gridPublished Sat,...
Oil prices settle lower as US sanctions ease fears of escalation in Iran
[HOUSTON] Oil prices settled down on Friday (Jun 20) as the US imposed new Iran-related sanctions, marking a diplomatic approach that fed hopes of a negotiated agreement, a day...
US: Stocks end week mostly lower
[NEW YORK] Wall Street stocks mostly fell on Friday (Jun 20) amid weakness in some semiconductor shares as markets weighed the latest developments in the ongoing war between Iran...
