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☆ Here are the top 15 companies to work for in Singapore, according to LinkedIn — most are new on the list
▼ + stars: | 2023-04-18 | by ( Goh Chiew Tong | ) www.cnbc.com time to read: +4 min

The list of top companies in Singapore sees a huge reshuffle this year, which is a testament to "Singapore's strong business ecosystem," according to LinkedIn. LinkedIn has released its annual list of top companies in Singapore to work for — and banking and information technology companies dominated the 2023 list. The list of top companies also saw a huge reshuffle this year, which is a testament to "Singapore's strong business ecosystem," according to the professional networking platform. The banking and finance sector in particular, saw 4 companies in the top 5 on the "LinkedIn Top Companies 2023″ for Singapore. It provides financial products and banking services to individuals, corporations, governments, investors and institutions.

☆ CNBC Pro Talks: Meet a fund manager who bet on A.I. five years ago
▼ + stars: | 2023-04-18 | by ( Cnbc.Com Staff | ) www.cnbc.com time to read: +2 min

The investment manager set up a fund focused on artificial intelligence a full 5 years ago — well before AI was on every investor's lips. He's the lead manager of the Polar Capital Technology Trust, and fund manager of the Polar Capital Global Technology Fund and the Automation and Artificial Intelligence Fund. The funds' top holdings include chip giants as well as software and other tech stocks such as Nvidia , Advanced Micro Devices , Microsoft and Apple . He's the lead manager of the Polar Capital Technology Trust, and fund manager of the Polar Capital Global Technology Fund and the Automation and Artificial Intelligence Fund. The funds' top holdings include chip giants as well as software and other tech stocks such as Nvidia , Advanced Micro Devices , Microsoft and Apple .

HONG KONG, April 17 (Reuters Breakingviews) - Hong Kong could use a shot of something. Yet compared to the $313 billion Shanghai-listed behemoth Kweichow Moutai (600519.SS), debutante ZJLD is a drop in the near-$100 billion baijiu industry: it logs less than 1% market share. At the top of the marketed price range, ZJLD could be worth $5.4 billion, or almost 24 times this year's forecast earnings, IFR reports. Revenue at the company, which will be the first baijiu distiller to list in Hong Kong, was up a healthy 15% last year, while its adjusted net profit margin topped 20%. For Hong Kong, consumer stocks will put the focus back onto classic risks.

☆ UAE's e& takes $400 mln majority stake in ride-hailer Careem's Super App
▼ + stars: | 2023-04-10 | by ( Lisa Barrington | ) www.reuters.com time to read: +1 min

DUBAI, April 10 (Reuters) - Emirates Telecommunications Group Company (EAND.AD) has agreed to take a 50.3% stake in a super app managed by Careem, Uber Technologies' (UBER.N) Middle East subsidiary, in a transaction valued at $400 million, e& said in a filing on Monday. The Super App will be managed by Careem founders Mudassir Sheikha and Magnus Olsson, said the company, formerly known as Etisalat Group and now called e&. The ride-hailing business will be separated from the Careem Super App business and will be fully owned by Uber, but will still be available on the super app. Careem began seeking outside investors last year to help finance its Super App, which offers services outside its core ride-hailing business such as food delivery, bike rentals, digital payments and courier services. Uber and Careem's co-founders Sheikha, Olsson and Abdullah Elyas have the remaining stakes in the super app, a Careem spokesperson said.

☆ India Asserts Itself on Global Tech Deals
▼ + stars: | 2023-04-05 | by ( Megha Mandavia | ) www.wsj.com time to read: 1 min

Tech firms such as Google look set to face heightened scrutiny if they try to expand their presence in India. India wants to have a seat at the table vetting overseas mergers and acquisitions as the country asserts itself on the global tech stage. If the country’s internet population is anything to go by, it is about time. Earlier this week, India authorized its antitrust regulator to parse global deals by approving amendments to the competition law, which includes a requirement for companies with substantial business operations in the South Asian nation to seek antitrust permissions for all deals exceeding 20 billion Indian rupees ($244 million) in transaction value. Until now, the Competition Commission of India examined deals based on companies’ asset size and turnover.

☆ Ukraine's tech entrepreneurs fight war on a different front
▼ + stars: | 2023-04-04 | by ( Michael Kahn | ) www.reuters.com time to read: +10 min

It's an example of how some startups in Ukraine's dynamic tech sector are switching to pursue military projects. Pavlo Kartashov, director of the Ukrainian Startup Fund (USF), a government-backed organization that seeds technology startups, told Reuters his group resumed funding in October. Demand from the government has driven the shift to military technology, but most of the entrepreneurs who spoke to Reuters said that patriotic duty also played a role. "There are much more ideas in military technology," said Krasovsky, the founder and chief executive of Swedish-Ukrainian Sigma Software Group. Groups like the Polish-Ukrainian Start Up Bridge - a Polish-government backed venture - offer emerging Ukrainian tech companies small grants to fund basic business needs and a co-working space in Warsaw.

☆ Italy became the first Western country to ban ChatGPT. Here's what other countries are doing
▼ + stars: | 2023-04-04 | by ( Ryan Browne | ) www.cnbc.com time to read: +8 min

Stefani Reynolds | AFP | Getty ImagesItaly has become the first country in the West to ban ChatGPT, the popular artificial intelligence chatbot from U.S. startup OpenAI. watch nowVarious regulators are concerned by the challenges AI poses for job security, data privacy, and equality. "It's more, if you're using AI, these are the principles you should be thinking about," Holmes told CNBC. Ireland is typically the most active regulator when it comes to data privacy since most U.S. tech giants like Meta and Google have their offices there. The U.S. hasn't yet proposed any formal rules to bring oversight to AI technology.

☆ Germany could block ChatGPT if needed, says data protection chief
▼ + stars: | 2023-04-03 | by ( ) www.reuters.com time to read: +2 min

BERLIN, April 3 (Reuters) - Germany could follow in Italy's footsteps by blocking ChatGPT over data security concerns, the German commissioner for data protection told the Handelsblatt newspaper in comments published on Monday. "In principle, such action is also possible in Germany," Ulrich Kelber said, adding that this would fall under state jurisdiction. Privacy watchdogs in France and Ireland said they had also contacted the Italian data regulator to discuss its findings. "We are following up with the Italian regulator to understand the basis for their action and we will coordinate with all EU data protection authorities in relation to this matter," said a spokesperson for Ireland's Data Protection Commissioner (DPC). The privacy regulator in Sweden said it has no plans to ban ChatGPT nor is it in contact with the Italian watchdog.

☆ ETF outlook: Why Wall Street strategists aren't chasing a growth stock trade just yet
▼ + stars: | 2023-04-01 | by ( Jesse Pound | ) www.cnbc.com time to read: +6 min

The rally in growth and tech stocks in the first quarter caught much of Wall Street off-guard, but many ETF strategists are sticking to their call and not chasing the hot sectors quite yet. The big winners in the stock market during the first quarter were found among growth stocks. QQQ YTD mountain Growth stocks rebounded in the first quarter. One area that is popular among value investors is income funds, which can help investors offset market declines by generating cash. To be sure, the iShares strategy team has an improving view of growth stocks, at least in high quality names.

☆ Watch CNBC's full interview with Wells Fargo's Paul Christopher
▼ + stars: | 2023-03-29 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Wells Fargo's Paul ChristopherPaul Christopher, head of global impact strategy at Wells Fargo Investment Institute, joins 'The Exchange' to discuss downside risks ahead, downtrend signs in inflation, and global tech companies making gains off a weaker dollar.

☆ Quality characteristics in tech remain relevant for investors, says Wells Fargo's Paul Christopher
▼ + stars: | 2023-03-29 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailQuality characteristics in tech remain relevant for investors, says Wells Fargo's Paul ChristopherPaul Christopher, head of global impact strategy at Wells Fargo Investment Institute, joins 'The Exchange' to discuss downside risks ahead, downtrend signs in inflation, and global tech companies making gains off a weaker dollar.

☆ Aussie start-up firm SafetyCulture appoints Tesla Chair as director
▼ + stars: | 2023-03-27 | by ( ) www.reuters.com time to read: +1 min

March 27 (Reuters) - Australian technology firm SafetyCulture on Monday said it has appointed Robyn Denholm, chair of electric vehicle maker Tesla Inc (TSLA.O), as a director to its board. Denholm, who has been an advisor to the Australian firm since late 2021, is replacing Rick Baker, co-founder of Blackbird Ventures, the company said in a statement. The collapse of U.S.-based technology-focused lender Silicon Valley Bank and the ensuing volatility in global financial markets in recent weeks has stoked concerns of higher funding costs for start-up businesses. Denholm's new role is in addition to her roles as Tesla Chair and Chair of The Technology Council of Australia, the company said. Denholm has been in various senior roles in the global technology industry, including former chief financial officer at Australian firm Telstra and is an operating partner at Blackbird Ventures.

☆ How Silicon Valley Bank fallout impacted tech industry, according to Stifel's Mark May
▼ + stars: | 2023-03-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow Silicon Valley Bank fallout impacted tech industry, according to Stifel's Mark MayMark May, managing director at Stifel Global Technology Group, joins 'Closing Bell: Overtime' to discuss how the ongoing banking turmoil impacts the tech sector and more.

☆ These tech giants are still making money, but layoffs are coming hard and fast
▼ + stars: | 2023-03-24 | by ( Sheila Chiang | ) www.cnbc.com time to read: +4 min

Here are some of the more prominent global tech firms that have axed staff despite earning big money. 30 despite a "dynamic environment," CEO Satya Nadella said in the tech giant's annual report. Despite that, Microsoft announced in January that it's laying off 10,000 workers as the firm braces for slower revenue growth. The enterprise software company also returned to positive operating profit growth of 2%. However, SAP announced in January that it's cutting up to 3,000 jobs, as the leadership seeks to steer the company toward double-digit profit growth in 2023.

☆ Here are Thursday's biggest analyst calls: Tesla, First Republic, Coinbase, Boeing, Pinterest & more
▼ + stars: | 2023-03-23 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Here are Thursday's biggest calls on Wall Street: Morgan Stanley reiterates Tesla as overweight Morgan Stanley said Tesla could eventually be a solution to vehicle affordability. Truist upgrades BellRing Brands to buy from hold Truist said the time is right to buy shares of the food products company. Citi moves First Republic to an under review rating Citi moved to an under review rating on First Republic due to too much uncertainty. Piper Sandler reiterates Meta and Pinterest as top picks Piper said it's standing by shares of Meta and Pinterest. Oppenheimer downgrades Coinbase to perform from outperform Oppenheimer said it sees an "unhealthy regulatory climate" for Coinbase.

☆ Nvidia stock rides the 'iPhone moment of AI' to add $87 billion in market cap through the banking crisis
▼ + stars: | 2023-03-23 | by ( Anil Varma | ) www.businessinsider.com time to read: +4 min

Nvidia has breezed through the banking turmoil, and is the S&P 500's best performer with a 81% rise year-to-date. The chipmaker has added $87 billion in market value since Silicon Valley Bank was taken over by regulators. "We are at the iPhone moment of AI," CEO Jensen Huang said this week amid the ChatGPT buzz. At about $654 billion, Nvidia is valued almost six times as much as its longtime rival Intel. NVIDIA stock has significantly outperformed the US stock market.

Google (GOOGL), which for years ranked as the top company to work for in the United States, laid off thousands of workers by e-mail. During her early years there, she worked in marketing and became known as the “The Bard of Google” for the internal emails she sent celebrating the company’s culture. Google employee affected by January layoffs“The problem was, suddenly, you didn’t work for a company that was sending stuff to space or building autonomous cars,” Rout said. Hundreds of Google employees in Switzerland staged a walkout last week to protest layoffs, partly out of frustration with the lack of transparency. About a month before the January layoffs, one former employee said Google painted “You Belong” on one of the walls in their working area.

☆ Premarket stocks: Silicon Valley Bank left a void that won't easily be filled
▼ + stars: | 2023-03-20 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

There’s no doubt that the failure of Silicon Valley Bank left a large void in tech. To find out, Before the Bell spoke with Ahmad Thomas, president and CEO of the Silicon Valley Leadership Group. Before the Bell: What’s the feeling on the ground with tech and VC leadership in Silicon Valley? Ahmad Thomas: Silicon Valley Bank has been a key part of our fabric here for four decades. FDIC sells most of failed Signature Bank to FlagstarFrom CNN’s David GoldmanA week after Signature Bank failed, the Federal Deposit Insurance Corporation said it has sold most of its deposits to Flagstar Bank, a subsidiary of New York Community Bank.

☆ Factbox: Ernie vs ChatGPT on global leaders
▼ + stars: | 2023-03-20 | by ( Eduardo Baptista | ) www.reuters.com time to read: +3 min

These were some of the summarized answers to questions Reuters posed to Ernie in Chinese, and ChatGPT in English, about world leaders:WHAT POLICIES HAS PRESIDENT XI JINPING INTRODUCED THAT ARE BENEFICIAL TO CHINA'S ECONOMIC DEVELOPMENT? WHO ARE U.S. PRESIDENT JOE BIDEN'S RELATIVES? Ernie: "A relative of U.S. President Joe Biden is Valerie Biden Owens." ChatGPT: "President Joe Biden has a large and close-knit family," it says before naming Jill, Hunter, Ashley and Beau Biden and providing brief descriptions. "Joe Biden also has several grandchildren."

☆ SPOTLIGHT EVENT: Transforming the norm - How female leaders transform the tech industry.
▼ + stars: | 2023-03-17 | by ( Business Insider | ) www.businessinsider.com time to read: +2 min

About one in four leadership positions at large global technology firms are expected to be held by women in 2022. Join tech leaders and role models Michelle You, cofounder and CEO of Supercritical and Oana Jinga, cofounder and CCO, Dexory to hear about their experience to break the glass ceiling in tech. Sign up below to attend our live event on Monday, March 27 at 10 a.m. Sign up for our newsletter for the latest tech news and scoops — delivered daily to your inbox. Speakers include:Michelle You, Cofounder and CEO, SupercriticalOana Jinga, Cofounder and CCO, DexoryWe hope to see you there!

☆ Amazon sued for not telling New York store customers about facial recognition
▼ + stars: | 2023-03-16 | by ( Kevin Collier | ) www.cnbc.com time to read: +2 min

People shop at the newly opened Amazon Go Store on May 07, 2019 in New York City. The cashier-less store, the first of this type of store, called Amazon Go, accepts cash and is the 12th such store in the United States located at Brookfield Place in downtown New York. Amazon did not alert its New York City customers that they were being monitored by facial recognition technology, a lawsuit filed Thursday alleges. The lawsuit says that Amazon only recently put up signs informing New York customers of its use of facial recognition technology, more than a year after the disclosure law went into effect. Perez is represented by the Surveillance Technology Oversight Project, a legal advocacy group devoted to New York privacy protections.

☆ Britain to bolster the City after Silicon Valley Bank collapse
▼ + stars: | 2023-03-15 | by ( Huw Jones | ) www.reuters.com time to read: +4 min

[1/2] A person walks over Millennium Bridge amidst early morning fog, as the sun rises beyond the City of London financial district in the background, in London, Britain, February 8, 2023. Following the collapse of its parent company in the United States, Silicon Valley Bank's UK arm was sold to HSBC over the weekend to avoid disrupting its customers in Britain. Hunt said he would make a statement in the autumn on how the UK financial system would be strengthened. City Minister Andrew Griffith has said that an accounting rule for pension funds has become a "performance penalty" which holds back investment in Britain. The financial sector has called for faster implementation of the proposals after Amsterdam overtook London as Europe's biggest share trading centre.

☆ Big changes at the top of Nike as the company shakes up its technology, diversity, Asia, and women's departments
▼ + stars: | 2023-03-14 | by ( Matthew Kish | ) www.businessinsider.com time to read: +7 min

Amy MontagneNew job: Vice president and general manager of Nike's women's businessOld job: Vice president and general manager of Asia and Latin AmericaMontagne is an 18-year Nike veteran who previously worked for nine years for the Gap. Cathy SparksNew job: Vice president and general manager of Asia and Latin America (She succeeds Montagne.) Whitney MalkielNew job: Malkiel decided to leave the company, Nike said in a press release in early March. James LoducaNew job: Chief diversity, equity, and inclusion officerOld job: Vice president of inclusion, diversity, equity and accessibility, TwitterNike internally announced Loduca's appointment on Tuesday. Fusselman previously worked as a vice president of information security engineering for Mastercard, according to his LinkedIn profile.

TORONTO, March 13 (Reuters) - Last week's sudden collapse of Silicon Valley Bank (SVB) could choke funding for Canada's technology start-ups and place them in the hands of domestic lenders who may be more selective in financing new ventures, financiers told Reuters. Companies including Shopify Inc (SHOP.TO) were examples of Canada's tech success story, which helped pull more investments into the sector. Benjamin Bergen, president at Council of Canadian Innovators, a lobby group for Canadian technology companies, agreed. "Before SVB went down, accessing capital was increasingly becoming tighter and tighter for Canadians for startups for scale ups," he said. Aside from the banks, the federal government also has a Venture Capital Catalyst Initiative program that invests in promising Canadian technology companies.

☆ How Silicon Valley Bank's collapse ripped through global tech
▼ + stars: | 2023-03-13 | by ( Martin Coulter | ) www.reuters.com time to read: +5 min

March 14 (Reuters) - Not long after California startups started pulling money out of troubled Silicon Valley Bank, entrepreneurs in other parts of the world woke up to the news. While the global effects of Silicon Valley Bank's collapse are just emerging, one thing is clear: tech startups, no matter how far apart, are intertwined. FOUNDERS WARYQuincy Lee, founder of Seattle-based EV charging startup Electra Era, tried to move millions of dollars from Silicon Valley Bank on Thursday afternoon as warning signs multiplied. European stocks fell on banking industry concerns, though, and even startups that did not bank with SVB were scrambling. CHINESE STARTUPS MOVING MONEYSVB's Shanghai-based joint venture, SPD Silicon Valley Bank (SSVB), said it had a sound corporate structure and an independent balance sheet.

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