Iran conflict, disaster risks could drive inflation pressures in Singapore, Asia: Swiss Re global CEO

Driven by recent uncertainties, Swiss Re has established a task force to monitor geopolitical hotspots

The US is Ericsson’s biggest market and one of its most important projects is a US$14 billion contract to modernise AT&T’s wireless network that it won in 2023.

Ericsson first-quarter profit misses estimates on sluggish sales

The company has focused on slashing costs, eliminating about 5,000 jobs worldwide in 2025

The US dollar is traditionally seen as an oasis during times of crisis.

Wall Street turns gloomy on US dollar as haven demand fades

Investors are once again focusing on the headwinds that drove the dollar down 8 per cent in 2025

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European Central Bank headquarters in Frankfurt, Germany, July 21, 2022.

IMF expects ECB to raise rates by half a percentage point in 2026

The ECB’s main interest rate is currently set at 2 per cent

Aluminium has the biggest weighting on the LME gauge and, together with copper, the two metals make up almost three-quarters of the index.

London metals index at record high on aluminium ‘black hole’ fear

The metal has risen about 15% since the start of the Iran war

The deal highlights the industry’s growing appetite for computing power to run inference - the process by which AI models generate responses.

OpenAI to spend more than US$20 billion on Cerebras chips, receive stake: The Information

OPENAI has agreed to pay chip startup Cerebras more than US$20 billion over the next three years to use servers powered by the company’s chips, under a deal that could also give the ChatGPT maker an e...

HSBC has said that it’s carrying out targeted strategic reviews of its retail businesses across Australia, Indonesia and Egypt, but no decisions have been made.

OCBC is said to emerge as lead bidder for HSBC Indonesia assets

The Singaporean bank has a presence in Indonesia with its Jakarta-listed subsidiary Bank OCBC NISP Tbk

Former residents will be allowed to return to their flats for the first time from Apr 20 to May 4, with each household given a three-hour window to collect belongings.

Robotic legs help elderly Hong Kong fire survivors climb back for belongings

The complex’s apartment towers have 31 floors, making the climb difficult for many elderly former residents

Schwab is targeting younger would-be investors following a surge in retail investing that began during the pandemic, when people were stuck at home at their computers.

Charles Schwab revenue misses estimates even as client assets climb

The firm has reported a 39% increase in daily average trades in March compared with a year earlier