A.I. is a $1 trillion investment opportunity but will be ‘biggest bubble of all time,’ CEO predicts
Speaking with UBS analysts on a call last week, Stability AI CEO Emad Mostaque said of AI: “I think this will be the biggest bubble of all time.”
Ripple says U.S. banks will want to use XRP cryptocurrency after partial victory in SEC fight
Ripple is confident U.S. banks will want to use XRP for cross-border transactions after a judge gave it a partial victory over the SEC.
U.S. and China envoys seek to revive climate diplomacy
Kerry’s third visit to China as U.S. climate envoy marks the formal resumption in top-level climate diplomacy between the two countries.
Crimea bridge hit by explosions; Russia-backed authorities slam Ukraine for ‘terrorist attack’
The bridge, a 12-mile crossing of road and railways, is a crucial transportation and supply route for Russian forces in Ukraine.
Gig workers are ‘here to stay’: Singapore minister on why they shouldn’t be left behind
Speaking to CNBC, Koh Poh Koon said that gig workers should not be “lagging behind the rest of the population in terms of their longer term needs.”
China reports second-quarter GDP miss, another record high in youth unemployment
Analysts expect a faster pace than the first quarter, but it comes off a low base due to the lockdowns in Shanghai in April and May last year.
Singapore’s June non-oil exports fall 15.5% year-on-year, lower than forecast
Singapore’s non-oil domestic exports fell 15.5% in June from a year earlier, weighed down by declines in both electronic and non-electronic products.
Asia markets fall; China’s economy grew 6.3%, missing expectations
China reported that second-quarter gross domestic product grew by 6.3% from a year ago, as unemployment rate hit new record.
Singapore’s workers want to stay remote, but employers are backtracking on flexibility
While working professionals remain “keenly interested” in remote work, employers have been far less likely to mention “work from home” in postings, said Indeed Singapore.
UBS just updated its ‘highest conviction’ stock list with picks to beat the market
The bank says its U.S. and global picks are set to beat the MSCI All Countries World Index — and it has not shied away from taking contrarian positions.
