UBS CEO Ermotti underlines his desire for internal successor

UBS CEO Ermotti underlines his desire for internal successor

[ad_1] The bank is currently putting together the right candidates for the new leadership, he says [ZURICH] UBS CEO Sergio Ermotti hopes his successor will be a candidate from within the bank, he told Swiss newspaper Tages-Anzeiger in an interview published on Thursday (Jan 15). “I hope so,” Ermotti said in response to a question…

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Australia social media ban hits 4.7 million teen accounts in first month

Australia social media ban hits 4.7 million teen accounts in first month

[ad_1] [SYDNEY] Social media companies have collectively deactivated nearly five million accounts belonging to Australian teenagers just a month after a world-first ban on under-16s took effect, the country’s Internet regulator said, a sign the measure has had a swift and sweeping impact. The eSafety Commissioner said platforms had so far removed about 4.7 million…

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ASML tops US$500 billion market cap as TSMC plans to spend more

ASML tops US0 billion market cap as TSMC plans to spend more

[ad_1] [AMSTERDAM] ASML, the world’s biggest maker of equipment used to manufacture computer chips, crossed US$500 billion in market value for the first time on Thursday (Jan 15), after top customer TSMC announced larger than expected capital spending plans to keep up with booming demand for artificial intelligence chips. TSMC hiked its planned capital spending…

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Philippines to join Indonesia, Malaysia in blocking Grok AI

Philippines to join Indonesia, Malaysia in blocking Grok AI

[ad_1] [MANILA] The Philippines will join Malaysia and Indonesia in blocking Elon Musk’s Grok artificial intelligence chatbot amid growing concerns over sexualized images generated by the AI system, according to a top government official. The Philippines’ cybercrime centre is working with the telecoms commission to implement the “immediate” blocking of Grok, Information and Communications Technology…

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GIC, EQT weigh joint bid for Volkswagen’s 6-billion euro Everllence unit: sources

GIC, EQT weigh joint bid for Volkswagen’s 6-billion euro Everllence unit: sources

[ad_1] A potential Everllence sale comes as VW seeks to boost profitability and streamline its sprawling operations [FRANKFURT] A majority stake in Volkswagen’s heavy diesel engine unit Everllence is attracting interest from a number of private equity firms, according to people familiar with the matter, as the German automaker proceeds with its asset disposal programme.…

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Singapore stocks end higher on Thursday despite S-Reit stumble; STI gains 0.4%

Singapore stocks end higher on Thursday despite S-Reit stumble; STI gains 0.4%

[ad_1] However, decliners outnumbered advancers 335 to 277 across the wider market, with 1.4 billion shares worth S$1.5 billion changing hands [SINGAPORE] Singapore shares closed higher on Thursday (Jan 15), despite a decline in overall sentiment and a pullback in major Singapore-listed real estate investment trusts (S-Reits). The Straits Times Index (STI) rose 20.83 points…

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