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The market reaction to Alphabet’s GOOGL Q2 results has significantly raised the bar for its Magnificent Seven peers that are on deck to report results this week, namely Microsoft MSFT and Meta Platforms META on Wednesday, July 29th, and Apple AAPL and Amazon AMZN on Thursday, July 30th.The raised bar isn’t solely related to AI-centric capex spending plans and the effect that is having on cash flows, though that is a very critical issue for most investors, but also to the impressive operating momentum that Alphabet showed in its cloud business. Performance on the cloud front will be closely watched…

Free NewsletterGet the hottest Fintech Singapore News once a month in your InboxThe Monetary Authority of Singapore (MAS) and the Bank of Thailand (BOT) have signed a MoU on cybersecurity cooperation and digital fraud protection.The agreement formalises and expands their ongoing collaboration to strengthen cyber resilience and combat digital fraud across their respective financial sectors.The regulators will share information on cybersecurity and digital fraud, including regulatory updates, incident developments, and threat intelligence affecting the financial sector.They will also support competency building through joint staff training, study visits, and exchanges of research and policy insights.In addition, MAS and BOT will conduct…

“I would likely be the one responsible for dealing with the house.”

“I asked why the limit was so low, but they couldn’t give me an explanation.”

DTCC now runs a tokenization trial with roughly 40 firms, including JPMorgan, Goldman Sachs, BlackRock, Vanguard and the NYSE, to represent shares and Treasuries on-chain, tokens that become usable collateral only when a lending market can answer who prices them and what happens once the venues behind that price go quiet.DefiLlama puts on-chain RWA market cap above $51 billion, and those same assets generate only near $3.8 billion in DeFi active total value locked (TVL), a utilization rate near 7.7%.Only about 7.7% of the $51 billion in on-chain real-world assets is actively used across DeFi protocols.Pricing becomes the gatekeeperA lending…

Advanced Micro Devices has seen its shares surge over the past few months, but it still has more room to run, according to UBS. The investment bank has a buy rating on the semiconductor name. It also raised its price target on shares to $730 from $700, suggesting 35% upside from Thursday’s close. “We are raising estimates and bumping PT higher from $700 to $730 on a new view that C2028 EPS could approach $30 following details and commentary from AMD on its [central processing unit] roadmap, share, and [total addressable market] presented at its AI Day,” analyst Timothy Arcuri…

Li Lecheng, China’s Minister of Industry and Information Technology, spoke at a press conference on July 23, 2026, in Chengdu, China, as part of the APEC Digital Weeks.Evelyn Cheng | CNBCCHENGDU, China — Governments increasingly want to control artificial intelligence, as companies release more powerful open-source models, a new multilateral statement indicates.The 21 APEC member economies, which include the U.S. and China, released a “Chengdu statement” on AI that emphasized respect for “security, data protection and intellectual property rights,” while calling for supporting open-source development.The statement released Thursday also specified support for models and projects “that employ strong security assurance…

A German national flag on a barge near the Volkswagen AG factory in Wolfsburg, Germany, on Tuesday, March 10, 2026.Bloomberg | Bloomberg | Getty ImagesVolkswagen reported weaker-than-expected second-quarter profits on Friday and scrapped hope for sales revenue growth in 2026, as the German auto giant lays the groundwork for a radical overhaul of the business. Europe’s biggest carmaker posted an operating profit of 3.5 billion euros ($3.98 billion) for the April to June period, down nearly 10% from a year ago and missing expectations of 4.3 billion euros, according to an LSEG-compiled consensus. The company also flagged it expects sales…

The oil price has climbed back above $100 a barrel for the first time in two months, as a fresh escalation of the Middle East conflict threatens to compound disruption to global oil supplies.The benchmark oil price rose sharply on Thursday, after reaching $95 a barrel the day before amid fears that Yemen’s Houthi militia could strangle Saudi oil exports through the Red Sea while US-Iran tensions over oil flows through the strait of Hormuz intensify.The Iranian-aligned Houthis said on Thursday they attacked two Saudi Arabian oil tankers, the ‌Encelia and Layla, accusing the crews of violating a naval blockade…

British households will be able to buy plug-in solar panels later this summer after the government changed the law so the UK’s biggest retailers could bring them to market for the first time.People across the country will be able to join the millions across Europe generating their own electricity using “balcony solar panels” from 27 August, according to legislation passed last week.These plug-in panels have in recent years become familiar sights on balconies in Spain and in Germany, where they are known as Balkonkraftwerk (balcony power plant).Unlike traditional rooftop solar panels, which require professional installation, balcony solar installations can be…