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Price controls may look attractive, but costs often only emerge later: PM Wong
Consumers may benefit from price controls initially, but over time, suppliers may have less incentive to produce or invest, says the prime minister.
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Apple plans to launch new smart-home hub on Oct 13, Bloomberg News reports
Sept 30 : Apple is planning to make its long-delayed push into the smart-home market on October 13 with a new hub code-named J490, Bloomberg News reported on Wednesday, citing people familiar with the matter.The company also plans to…
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Apple plans to make push into smart-home market on Oct 13, Bloomberg News reports
Sept 30 : Apple is planning to make its long-delayed push into the smart-home market on October 13, Bloomberg News reported on Wednesday, citing people familiar with the matter.A smart-home hub code-named J490 is at the center of Apple's…
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Varda raises $250 million at $1.6 billion valuation to scale orbital drug manufacturing
WASHINGTON, Sept 30 : In-space manufacturing startup Varda Space has raised $250 million in a Series D round at a $1.6 billion valuation, the company told Reuters, as it ramps up missions to produce pharmaceuticals in microgravity.El…
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European payments groups join forces to challenge US dominance
MADRID/PARIS/MILAN, Sept 30 : European payment groups serving 130 million people, including Spain's Bizum, Italy's Bancomat and Brussels-based Wero, said on Wednesday they were joining forces to create a cross-border payments network as…
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European payments groups join forces to lessen US reliance
MADRID/PARIS/MILAN, Sept 30 : European payment groups serving 130 million people, including Spain's Bizum, Italy's Bancomat and Brussels-based Wero, said on Wednesday they were joining forces to create a cross-border payments network as…
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Dollar surges in September, leaving euro lagging
NEW YORK, Sept 30 : The dollar was flat against major currencies on Wednesday following a smaller-than-expected increase in US inflation, which reduced market bets on an interest rate hike from the Federal Reserve.The dollar has been…
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Dollar set for big rise in September, mainly at euro's expense
Sept 30 : The dollar hovered near its highest level of the year against the euro on Wednesday and was on track for its biggest monthly gain versus the single currency in 14 months, buoyed by stronger US growth and rising interest-rate…
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Singapore's Temasek to open Riyadh, Abu Dhabi offices in Middle East expansion
The new offices will expand Temasek's global network to 15 offices in 11 countries in 2027.
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BOJ's policy pivot opens scope for faster rate hikes
TOKYO, Sept 30 : The Bank of Japan expects interest rate increases to happen faster and more regularly in future as it pre-empts risks of an inflation overshoot, sources said, enhancing the importance of data due this week in gauging the…
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Japan court rules human voice is protected in TikTok AI case
Anime voice actor Kenjiro Tsuda took TikTok to court over videos he says feature an AI clone of his "deep" and "lustrous" voice.
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Most equities rise after oil price plunge, US data in focus
HONG KONG: Stocks mostly rose on Wednesday (Sep 30) following a plunge in oil prices the previous day, while investors prepared for the release of crucial US inflation data later in the day.Both main crude contracts tumbled on Tuesday on…
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Japan PM to vow nimble response to unexpected market moves, Nikkei reports
TOKYO, Sept 30 : Japanese Prime Minister Sanae Takaichi will pledge a nimble response to any unexpected developments in the economy and financial markets in a policy speech next week, the Nikkei newspaper said on Wednesday.In remarks set…
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Thai August factory output rises 4.44% on year, beating forecast
BANGKOK, Sept 30 : Thailand's manufacturing production index rose 4.44 per cent in August from a year earlier, the industry ministry said on Wednesday, stronger than analysts' forecasts.• The August reading compared with a forecast…
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Apple Pay launches in India with Axis Bank partnership
Sept 30 : Apple Pay has launched in India through a partnership with Axis Bank, giving the payment service its first foothold in one of the world's largest digital payments markets, the lender said on Wednesday.Axis Bank, India's…
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Thai August factory output rises 4.44% y/y, beats forecast
BANGKOK, Sept 30 : Thailand's manufacturing production index rose 4.44 per cent in August from a year earlier, the industry ministry said on Wednesday, stronger than analysts' forecasts.• The August reading compared with a forecast…
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DeepSeek partners with Huawei to develop chip programming tools, reducing reliance on Nvidia
BEIJING/HONG KONG, Sept 30 : Chinese AI firm DeepSeek said on Wednesday it has partnered with Huawei Technologies to develop programming tools optimised for Huawei's Ascend chips, the latest sign of Chinese tech firms deepening ties as…
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Fed's Williams sees no urgency for next rate hike
Federal Reserve policymakers probably only need to deliver one more rate hike this year to get inflation back on track to the US central bank's 2 per cent goal, says New York Fed President John Williams.
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Oil gains after Trump denies he is willing to ease sanctions on Iran
NEW DELHI, Sept 30 : Oil prices rose on Wednesday after US President Donald Trump denied he would be willing to ease sanctions on Iran while Qatar pushed for peace talks, after falling in the previous session on a recovery in crude supply…
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Oil climbs after Trump denies he is willing to ease sanctions on Iran
PERTH, Sept 30 : Oil prices rose on Wednesday after US President Donald Trump denied he would be willing to ease sanctions on Iran while Qatar pushed for peace talks, after falling in the previous session on a recovery in crude supply from…
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Ukraine sets its sights on boosting high-tech exports, hails digital resilience
WASHINGTON, Sept 29 : Ukraine aims to leverage its expertise in military technologies and digital innovation to sharply increase high-tech exports in coming years, including through the use of AI, the country's minister for digital…
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Japan August factory output unexpectedly falls
TOKYO, Sept 30 : Japan's factory output unexpectedly fell in August from the previous month, government data showed on Wednesday.Here are a few details:• Industrial output shrank 1.7 per cent in August from the previous month, according to…
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AI infra firm Accelevation, shareholders raise $540 million in US IPO
Sept 29 : Accelevation and selling shareholders raised $540 million in a US initial public offering, the private equity-backed data center infrastructure firm said on Tuesday.They sold 30 million shares at $18 apiece, below the marketed…
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Trump releases AI accord with tech executives
WASHINGTON, Sept 29 : President Donald Trump released a document on Tuesday that his administration cast as an accord on artificial intelligence and which he said earlier was signed by him and tech executives that he met in…
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