Shares in Google parent Alphabet rise after capex plans boost
On Wednesday, the search giant cited surging demand for its cloud computing services as it increased its capital expenditure forecast for the year to about $85 billion from $75 billion, and signalled a further rise in 2026.
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Independent Singapore
2 hours ago
- Independent Singapore
Nvidia and Tesla led Singapore's most searched stocks in June
Photo: Depositphotos/tang90246 SINGAPORE: Nvidia and Tesla were the most searched stocks by Singaporeans in June 2025. Nvidia topped the list with about 276,600 Google searches in Singapore, while Tesla recorded 192,600 monthly searches, Singapore Business Review reported, citing data from forex broker BrokerChooser. Globally, Nvidia saw 14.6 million monthly searches. Earlier this month, the US chipmaker became the first publicly traded company to reach a US$4 trillion (S$5.14 million) market value amid the AI boom. Meanwhile, the report noted that searches for 'Tesla stock' in the city-state went up by 103.6% compared to the same time last year. Software provider Palantir came in third, with 57,340 monthly searches. This year, the software firm, which provides services to US military and intelligence agencies, recently became one of the top 20 most valuable public companies in the US by market capitalisation. Meta, which finalised its US$14.3 billion investment in AI startup Scale AI last month, ranked fourth with 56,170 searches. The deal came with Scale AI co-founder and CEO Alexandr Wang leaving the company to join an artificial general intelligence (AGI) team being formed by Meta CEO Mark Zuckerberg. See also Is Singapore Still Ideal for Expats? (Spoiler: Opposite of Yes) Other names on the list included Chinese e-commerce giant Alibaba (45,750), Apple (43,740), and Google's parent company, Alphabet (32,400). BrokerChooser said it used the keyword analytics tool Ahrefs to analyse the most searched stocks on Google, starting with a seed list of the 50 largest companies by market capitalisation. The study also included data from Visual Capitalist on stock market participation rates by country, with data collected on Jul 8, 2025. /TISG Read also: Nvidia CEO to sell more advanced chips to China after H20 ban, warns of 'tremendous loss' for firms in potential US$50B AI market Featured image by Depositphotos (for illustration purposes only) () => { const trigger = if ('IntersectionObserver' in window && trigger) { const observer = new IntersectionObserver((entries, observer) => { => { if ( { lazyLoader(); // You should define lazyLoader() elsewhere or inline here // Run once } }); }, { rootMargin: '800px', threshold: 0.1 }); } else { // Fallback setTimeout(lazyLoader, 3000); } });
CNA
3 hours ago
- CNA
EU says Temu in breach of rules to prevent sale of illegal products
BRUSSELS :The European Commission on Monday said Chinese online marketplace Temu was breaking EU rules by not doing enough to prevent the sale of illegal products through its platform. The EU's findings could ultimately lead to a fine of up to 6 per cent of Temu's annual global turnover, the Commission said. "Evidence showed that there is a high risk for consumers in the EU to encounter illegal products on the platform," it said in a statement about Temu. "Specifically, the analysis of a mystery shopping exercise found that consumers shopping on Temu are very likely to find non-compliant products among the offer, such as baby toys and small electronics." The Commission said Temu's risk assessment was inadequate as it was based on general industry information, not on the specifics of its platform. It said that if the Commission's preliminary findings were ultimately confirmed, Temu would be found in breach of the Digital Services Act. "Such a decision could entail fines of up to 6 per cent of the total worldwide annual turnover of the provider and order the provider to take measures to address the breach," it said. Temu can respond to the EU's findings in the coming weeks, an EU spokesperson said, without giving an exact deadline. A Temu spokesperson said the company would continue to "cooperate fully" with the Commission. The findings relate only to one aspect of a broader ongoing EU investigation into Temu, the Commission said.
CNA
15 hours ago
- CNA
EU, US strike biggest trade deal
TURNBERRY, United Kingdom: The United States and European Union on Sunday (Jul 27) clinched what President Donald Trump described as the "biggest-ever" deal to resolve a transatlantic tariff stand-off that threatened to explode into a full-blown trade war. Trump emerged from a high-stakes meeting with European Commission President Ursula von der Leyen at his golf resort in Scotland to announce that a baseline tariff of 15 per cent would be levied on EU exports to the US. The deal, which the leaders struck in around an hour, came as the clock ticked down on an Aug 1 deadline to avoid an across-the-board US levy of 30 per cent on European goods. "We've reached a deal. It's a good deal for everybody. This is probably the biggest deal ever reached in any capacity," said Trump. Trump said the 15 per cent tariff would apply across the board, including for Europe's crucial automobile sector, pharmaceuticals and semiconductors. As part of the deal, Trump said the 27-nation EU bloc had agreed to purchase "US$750 billion worth of energy" from the US, as well as make US$600 billion in additional investments. Von der Leyen said the "significant" purchases of US liquefied natural gas, oil and nuclear fuels would come over three years, as part of the bloc's bid to diversify away from Russian sources. Negotiating on behalf of the EU's 27 countries, von der Leyen had been pushing hard to salvage a trading relationship worth an annual US$1.9 trillion in goods and services. "It's a good deal," the EU chief told reporters. "It will bring stability. It will bring predictability. That's very important for our businesses on both sides of the Atlantic," she said. She said bilateral tariff exemptions had been agreed on a number of "strategic products", notably aircraft, certain chemicals, some agricultural products and critical raw materials. Von der Leyen said the EU still hoped to secure further so-called "zero-for-zero" agreements, notably for alcohol, which she hoped to be "sorted out" in coming days. Trump also said EU countries, which recently pledged to ramp up their defence spending within NATO, would be purchasing "hundreds of billions of dollars worth of military equipment". "BEST WE COULD GET" The EU has been hit by multiple waves of tariffs since Trump reclaimed the White House. It is currently subject to a 25 per cent levy on cars, 50 per cent on steel and aluminium, and an across-the-board tariff of 10 per cent, which Washington threatened to hike to 30 per cent in a no-deal scenario. The bloc had been pushing hard for tariff carve-outs for critical industries from aircraft to spirits, and its auto industry, crucial for France and Germany, is already reeling from the levies imposed so far. "Fifteen percent is not to be underestimated, but it is the best we could get," acknowledged von der Leyen. Any deal will need to be approved by EU member states, whose ambassadors, on a visit to Greenland, were updated by the commission Sunday morning. They were set to meet again after the deal struck in Scotland. German Chancellor Friedrich Merz rapidly hailed the deal, saying it avoided "needless escalation in transatlantic trade relations". The EU had pushed for a compromise on steel that could allow a certain quota into the US before tariffs would apply. Trump appeared to rule that out, saying steel was "staying the way it is", but the EU chief insisted later that "tariffs will be cut and a quota system will be put in place" for steel. "THE BIG ONE" While 15 per cent is much higher than pre-existing US tariffs on European goods, which average around 4.8 per cent, it mirrors the status quo, with companies currently facing an additional flat rate of 10 per cent. Had the talks failed, EU states had greenlit counter tariffs on US$109 billion of US goods including aircraft and cars to take effect in stages from Aug 7. Trump has embarked on a campaign to reshape US trade with the world, and has vowed to hit dozens of countries with punitive tariffs if they do not reach a pact with Washington by Aug 1.
