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Meta Surges 15% in Best Week Since Early 2024 on AI Momentum
Meta stock jumps 15% in best week since early 2024 as CEO Zuckerberg unveils AI strategy including Muse Spark 1.1, custom Iris chips, and potential cloud business plans.
DBS Saturday Savings Plan Launches July 18: S$3 Off Eggs and Rice at Sheng Siong, Giant
DBS launches Saturday Savings Plan from July 18 to Aug 29, offering S$3 discounts on eggs and rice at Sheng Siong and Giant supermarkets for cardholders. Part of bank’s S$10M cost-of-living push.
German Civil Servants Face Delayed Pay Reform as Cabinet Stalls on Constitutional Fix
Germany’s cabinet has delayed a bill to fix civil servant pay, ignoring a 2025 Constitutional Court ruling. The dbb union warns the lowest-paid staff now earn less than basic welfare benefits.
Prime’s Australian Distributor Collapses Into Administration With A$7.92M Debt
Prime’s Australian distributor Congo Brands Australia enters administration with A$7.92M debt and only A$85,000 cash. Sales fell 53% as the viral drink brand struggles locally.
DBS Saturday Savings: S$6 Off Eggs and Rice From July 18
DBS and POSB cardholders get S$3 off eggs and S$3 off rice every Saturday at Giant and Sheng Siong from July 18 to August 29. No minimum spend required. Seven Saturdays total.
SK Hynix Surges 14% in Record $26.5B Nasdaq Debut on July 10
SK Hynix debuts on Nasdaq with 14% gain in $26.5B offering, the largest US listing by a foreign firm. The chip maker supplies critical AI memory as South Korea invests $880B in semiconductor capacity.
US Launches Major H-1B Fraud Probe; Cognizant Named by Labor Inspector
US Department of Labor launches major H-1B visa fraud investigation. Cognizant named in whistleblower complaints. Labor inspector cites dozens of subpoenas issued for alleged wage-kickback schemes and labor trafficking.
DAX Slips 0.20% as SAP Antitrust Deal Weighs on German Stocks
DAX drops 0.20% to 25,107 on July 10 as SAP accepts EU antitrust commitments on maintenance contracts. German index faces valuation pressure with P/E at 17.59.
EPFO Credits 8.25% Interest to 34 Crore Accounts by July 15
EPFO will credit 8.25% interest to 34 crore EPF accounts by July 15, 2026, transferring 1.44 lakh crore rupees. New CITES system automates claims and reduces rejections.