Steep bill for AI buildout punishes Meta, other tech favorites
AI infrastructure costs are soaring, hurting Meta and other tech stocks as investors worry about steep spending with uncertain returns.
Horizon Vision
US bans BYD from Okinawa air base over security concern, report says
The US military has banned BYD electric vehicles from Okinawa’s Kadena Air Base over fears their cameras and sensors could leak sensitive information, Yonhap reported.
GovTech retrenches another 38 staff in second round of layoffs
GovTech laid off another 38 staff in the second phase of its restructuring, bringing total retrenchments since July to 131, mainly in traditional project delivery roles.
Japan to overhaul tax-free shopping for foreign visitors to curb resale
Japan will overhaul its tax-free shopping system for foreign visitors from Nov 1, requiring upfront tax payment and departure refunds to curb resale abuse.
Law Society of Singapore elects new council members after troubled year
Law Society of Singapore elects new council members after a troubled year, signaling a fresh start for the legal body.
AI-related demand powers prices, rents of Singapore industrial space in third quarter of 2026
AI-driven demand kept Singapore industrial rents and prices firm in Q3 2026, despite occupancy easing to 88.9%; rents rose 0.5% quarter-on-quarter.
South Korean Constitutional Court upholds harsher penalties for killing parents
South Korea's Constitutional Court upheld harsher penalties for killing parents or ascendants, citing moral family bonds. One justice dissented.
Far-left leader Melenchon in firing line as France blame-game heats up
French far-left leader Jean-Luc Melenchon faces criticism from rivals across the political spectrum, accused of fuelling unrest. PM Lecornu says his party's agenda of instilling chaos is on display.
Singapore oil product inventories fall to three-week low
Singapore oil product inventories fell to a three-week low of 38.134 million barrels, driven by weaker light and middle distillate stocks.
Websites go dark worldwide as AI uncovers flaws in code powering much of the internet
AI found critical PHP flaws, causing worldwide website outages as governments and companies rush to patch. PHP runs about 70% of the web.
New structural gaps are appearing in the workforce even as economy continues to grow: Ng Chee Meng
Labour chief Ng Chee Meng warns of new workforce structural gaps despite Singapore’s growth, with retrenchments and graduate job delays; NTUC and KPMG will help firms adopt AI.
Oil jumps US$2 on escalating Middle East tensions
Oil jumps $2 as Houthi attacks in Saudi Arabia stoke supply fears. Brent $111.64, WTI $99.39. US pulls families from region amid escalation.