Author - James Lim

EU Council President Michel says to step down early

BRUSSELS: Belgian politician Charles Michel has announced he will step down early as European Council president after he runs in the European Parliament elections set for June. "I've decided to stand as a candidate for the European elections in June 2024," he told Belgian media. The surprise move is likely to heighten speculation about who will be the...

Workers’ union accepts Lazada’s apology over layoffs; talks on better retrenchment benefits ongoing

SINGAPORE: Lazada has apologised to the union representing their workers for not consulting it prior to its latest retrenchment exercise. In a joint statement on Saturday (Jan 6), the National Trades Union Congress (NTUC) and its affiliate Food Drinks and Allied Workers Union (FDAWU) said that the FDAWU has accepted Lazada’s apology. "Both parties have agreed to work closely together and to put workers’...

Alaska Airlines grounds Boeing 737 MAX 9 planes after emergency landing

WASHINGTON: US-based Alaska Airlines grounded all its Boeing 737 MAX 9 planes on Friday  (Jan 5) after a flight with 177 people onboard made an emergency landing in the state of Oregon, with passengers saying a window panel blew out after takeoff. Flight 1282 departed from Portland International Airport on Friday evening before returning safely around...

The crypto world is losing its mind over when Bitcoin ETFs will arrive

The regulatory process is normally a dry affair: Corporate executives ask their lawyers to file paperwork and then sit around until an agency makes a decision. But in the case of pending applications for a Bitcoin ETF, crypto nerds are sharing any detail—real or imagined—with an obsession reminiscent of Swifties tracking the progress of the...

Citigroup alumni to offer BTC securities without SEC’s approval

Former executives of Citigroup Inc. will offer Bitcoin (BTC)-backed securities. According to a Bloomberg report published on Jan. 4 former Citigroup executives will offer BTC-backed securities that they say do not need approval from US regulators. The brazen move will see the issuer startup what is known as a “Receipts Depositary Corporation, or RDC. The securities will be Bitcoin...

Microsoft adds AI button to keyboards to call up chatbot

(Reuters) - Microsoft said it is adding a button to its Windows keyboard that would pull up the tech giant's Copilot service, in the first change for the device in nearly three decades. The "Copilot key", announced on Thursday, marks the latest effort by the company, which is investing billions in AI, to incorporate the technology...

Peloton to bring its content to TikTok in exclusive partnership

(Reuters) - Fitness equipment maker Peloton Interactive will bring its workout content to short-form video platform TikTok in an exclusive partnership, the companies said on Thursday. The partnership comes as Peloton, shares of which extended gains to jump 9.5% in premarket trading, is pivoting from hardware and transforming into a software-focused company, leaning on its exclusive...

Soccer-Veliz joins Tottenham’s growing injury list ahead of Burnley FA Cup tie

LONDON (Reuters) - Tottenham Hotspur striker Alejo Veliz is expected to be out for a couple of months with a knee injury, manager Ange Postecoglou said on Thursday as his team's growing injury list and one of 10 who will be missing from Friday's third-round FA Cup match. The 20-year-old Argentine was helped off the pitch...

Perplexity AI valued at $520 million in funding from Bezos, Nvidia

(Reuters) - Perplexity AI has raised $73.6 million in its latest funding round from a group of investors including U.S. chip designer Nvidia and Amazon founder Jeff Bezos in a deal valuing the artificial intelligence startup at $520 million. The round was led by Institutional Venture Partners, the San Francisco, California-based company said on Thursday. Perplexity AI,...

Illegal swims across Sungai Melaka but fails to flee Immigration officers

MELAKA: An illegal immigrant dove into and swam across Sungai Melaka in a bid to flee Immigration officers during a raid at Kampung Morten here. Melaka Immigration director Anirwan Fauzee Mohd Aini said the Indonesian man, in his 20s, was arrested as soon he reached the opposite side of the river bank during the operation at...