Business

John Ternus succeeds Tim Cook as Apple CEO on September 1. He faces significant challenges navigating the company through the AI era while managing complex supply chain and market pressures in China.

DeepSeek is recruiting a specialized team to develop AI agent software, aiming to compete with Anthropic’s Claude Code and expand its presence in the automated business tools market.

Singapore bank employees are gaining significant wealth through employee share purchase plans as bank stocks reach record highs, though experts advise caution regarding market risks and individual plan conditions.

China can win the AI race by providing affordable, open-weight models that businesses find "good enough," challenging US dominance through accessibility and cost-efficiency rather than just superior performance.

India’s rapid transition to E20 ethanol-blended fuel has sparked consumer backlash over vehicle performance, mileage losses, and limited fuel choices. Experts suggest improving storage standards and offering alternatives to restore public trust.

Heritage firm My Community Limited has entered provisional liquidation due to liabilities. Founder Kwek Li Yong, previously arrested for suspected forgery, faces a creditors' meeting on July 24 to discuss assets.

Tech experts warn that AI adoption requires urgent workforce upskilling, stronger cybersecurity, and clear human accountability to mitigate job displacement and operational risks in the evolving digital landscape.

Multiple US states are preparing to sue as early as next week to block Paramount's 110 billion dollar acquisition of Warner Bros. Discovery. Officials are concerned the merger could harm market competition, potentially leading to higher streaming prices and reduced content variety for consumers.

Oil prices rose over a dollar per barrel as the U.S. military launched fresh strikes against Iran. The escalation follows heightened tensions in the Strait of Hormuz, causing global supply concerns and pushing crude benchmarks to their highest levels in two weeks.

Japanese company ispace is launching a new lunar cargo service using SpaceX’s Starship rocket. By purchasing 500kg of capacity for $50 million, ispace will act as a lunar access integrator, offering ride-share opportunities to global clients for moon missions starting by 2030.

India's HCLTech has secured a 1.14 billion dollar, five-and-a-half-year contract with a major European firm. The deal focuses on implementing an AI-driven operating model to manage the client's global digital workplace and enterprise networks, significantly boosting HCLTech's stock performance.

The Thai National Shippers' Council has raised its 2026 export growth forecast to 8%–10%, up from the previous 2%–4% estimate. This growth is driven by strong demand for electronics and AI goods, despite potential risks from geopolitical tensions and global trade uncertainties.