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Morning Briefing: Top stories from The Straits Times on May 21, 2026
Published May 21, 2026, 07:57 AM

Container firm execs, including S’porean shipping veteran, accused of price fixing in US

Has the US-Iran conflict reduced the appeal of Gulf expat life?

Work on sector-wide AI projects has begun, starting with aviation

When Putin met Xi: Was timing everything?

S’pore can overcome tariff, war risks as outlook for global trade improves

Over 130 arrested in S’pore in crackdown on transnational scams

SCDF officer allegedly dozed off while driving a fire engine, injuring 3 men in accident

https://str.sg/q75w

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109 viewsedited 01:53

Global funds pile back into Chinese stocks in April
https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/global-funds-pile-back-chinese-stocks-april

The Business Times

Global funds pile back into Chinese stocks in April

The inflows come amid a broader tech rally, as investors focused on AI-driven productivity gains

136 views02:26

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Putin leaves Beijing after Xi meeting with little progress on key China-Russia gas pipeline project
https://www.businesstimes.com.sg/international/global/putin-leaves-beijing-after-xi-meeting-little-progress-key-china-russia-gas-pipeline-project

109 views02:27

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Deep under China’s coal basins, PetroChina is unlocking gas from rocks
https://www.businesstimes.com.sg/companies-markets/energy-commodities/deep-under-chinas-coal-basins-petrochina-unlocking-gas-rocks

The Business Times

Deep under China’s coal basins, PetroChina is unlocking gas from rocks

The push to develop coal rock gas is part of Beijing’s widening effort to diversify its energy mix and reduce reliance on imports Read more at The Business Times.

137 views02:27

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Singtel H2 net profit down 20.9% at S$2.2 billion; telco open to Aussie minority partner in Optus
https://www.businesstimes.com.sg/companies-markets/singtel-h2-net-profit-down-20-9-s2-2-billion-telco-open-aussie-minority-partner-optus

163 views02:27

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Citadel Securities hires more than 60 across Asia, including Singapore
https://www.businesstimes.com.sg/companies-markets/banking-finance/citadel-securities-hires-more-60-across-asia-including-singapore

The Business Times

Citadel Securities hires more than 60 across Asia, including Singapore

The firm will focus on hiring researchers, engineers and traders by tapping into the talent pool in Hong Kong Read more at The Business Times.

141 views04:42

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Chinese AI labs like DeepSeek are matching American frontier capability at a fraction of the cost, and a wave of American and European challengers are building toward the same price point. Adoption is already shifting, with Chinese models taking a growing share of enterprise AI traffic. That's a problem for OpenAI and Anthropic, which are pitching IPO investors on a premium moat that's eroding fastest in the enterprise segments they need to dominate. CNBC's Deirdre Bosa explains how cheap AI from competitors could derail OpenAI and Anthropic's upcoming IPOs.

Chapters:
0:00 - 1:07: Introduction
1:08 - 4:06: China undercuts the frontier
4:07 - 6:26: American challengers move in
6:27 - 7:43: The SpaceXAI proof case
7:44 - 27:16 Full interview with Cohere CEO Aidan Gomez

https://youtu.be/aKNaXGpJ7WM?si=utwCuRsLWGFFuV-r

YouTube

How Cheap AI Could Derail OpenAI And Anthropic's IPOs

152 viewsedited 04:45

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