TL;DR
Airbnb’s summer 2026 release adds boutique hotels in 20 cities, car rentals, luggage storage, and thousands of new experiences. The company is also expanding its AI customer service bot globally, which now handles 40 per cent of queries.
You’ve probably come across LinkedIn posts that sound way too polished. These feel inauthentic while trying to sound motivational and strangely empty. The kind that turns a basic workplace thought into five neat paragraphs that push a fake lesson, and a comment section full of robotic applause.
Well, LinkedIn is now calling this a problem. The platform says it is taking new steps to reduce the reach of what it calls “AI slop,” referring to low-effort, AI-generated content that may sound clean on the surface while offering little original thought, expertise, or lived perspective.

LinkedIn’s Laura Lorenzetti says AI can be useful for refining language, although posts and comments still need to reflect the person behind them. So the company is building technology systems with its editorial team to identify signals of generic AI content. These systems are being trained to distinguish between posts that add perspective, context, or expertise and posts that feel repetitive, polished, and empty.
It doesn’t apply to full posts as the new system will recognize and act on comments created at scale using automation tools. These will include comments that have little to no human involvement. LinkedIn is also targeting replies that merely restate the original post without adding anything of substance.

LinkedIn isn’t saying every AI-assisted post will be punished. The focus is to make AI-generated content less present. When the platform detects such posts, it will be less likely to distribute it beyon the poster’s immediate network.
LinkedIn mentioned that early testing has been encouraging, with its systems correctly identifying generic content 94% of the time. The company also says members are already seeing fewer of these posts from outside their networks.
Alongside this, verification is playing a big role in fighting bots and fake AI profiles as well. With more than 100 million verified members, this could reduce the exhausting AI noise from dominating users’ feeds. It’s about time LinkedIn has started its fight against AI, with other companies like Meta and YouTube also readying tools against the avalanche of AI-generated content.
Airbnb’s summer 2026 release adds boutique hotels in 20 cities, car rentals, luggage storage, and thousands of new experiences. The company is also expanding its AI customer service bot globally, which now handles 40 per cent of queries.
TL;DR
Airbnb started as a way to book someone else’s spare room. It is now trying to become the app you never leave during a trip. The company’s summer 2026 release adds boutique hotels, car rentals, luggage storage, and thousands of new experiences to the platform.
The hotel push is the most significant shift. Airbnb is partnering with boutique and independent hotels in 20 cities, including New York, Paris, London, Madrid, Rome, and Singapore. Each is selected for its neighbourhood location, design, and hospitality rather than chain affiliation.
The move gives Airbnb a foothold in markets where short-term rental regulations have limited its reach. New York City and Singapore both restrict short-term stays, effectively locking Airbnb out of some of the world’s most popular destinations. Hotels solve that problem.
Users will see hotel recommendations if they search for a one- or two-night city stay. A dedicated filter lets travellers view only hotel listings. Airbnb is also offering a price-match guarantee, promising to refund the difference in app credits if the same room is found cheaper elsewhere.
“There are a few examples of the types of trips for which a hotel is probably better suited, such as last-minute bookings, one-night stays, and business trips,” said Jud Coplan, VP of marketing at Airbnb.
Beyond hotels, the platform is layering on services designed to keep travellers inside the app for longer. Luggage storage is available through a partnership with Bounce across more than 15,000 locations in 175 cities. Car rentals launch this summer with 20 per cent credit back on first bookings. These join the grocery delivery and airport pickup services Airbnb rolled out earlier this year.
On the experiences side, Airbnb is adding guided visits to 3,000 landmarks and more than 2,500 food experiences, putting it in direct competition with Viator and GetYourGuide. The app is being redesigned with a new home screen that surfaces stays, experiences, and services in one view.
The company is not launching a formal loyalty programme. But it is offering credits for first car rental bookings and up to 15 per cent back on hotel stays, a strategy that looks like it is testing the economics of retention without committing to the overhead of a full points system.
On the AI front, Airbnb is taking a notably different path from competitors. While Google, Expedia, and others have built AI-powered itinerary planners, CEO Brian Chesky said during the Q1 2026 earnings call that a chatbot is not the right interface for travel.
Instead, AI is being embedded in quieter ways. Hosts can now enter an address and let AI auto-fill listing details. Guests get AI-generated review summaries with category tags for location, amenities, and family-friendliness. A new comparison tool shows AI-generated summaries of properties saved to a wishlist.
The biggest AI investment is in customer service. Airbnb’s AI support bot, which launched in the US last year, now handles 40 per cent of all customer queries. The company is expanding it globally with support for 11 languages and adding interactive cards that let users modify bookings or resolve issues directly in the chat. A voice-based AI assistant is planned for later this year.
Chesky also disclosed that AI now writes 60 per cent of Airbnb’s new code, a figure that speaks to how deeply the company is integrating the technology into its own operations, not just its products.
The summer release is Airbnb’s clearest signal yet that it sees its future as a full-stack travel platform, not just a place to find a quirky flat. Whether travellers want one app for everything, or prefer specialist tools for hotels, cars, and experiences, is the bet the company is making.
After exiting Opening.io to iCIMS and spending two years on the investor side as a partner at Delta, Andreea Wade is back in the founder seat, and this time the moonshot is hers.
“You always hear there are no operators in VC. So I really thought, ‘OK, this is what I want to do’,” says Andreea Wade about her decision to join VC firm Delta Partners back in 2024. That was the plan, until November of last year, when her former co-founder Adrian Mihai sent her a 3am message. He had just beaten the numbers on a research paper that, in theory, solved one of AI’s most invisible infrastructure problems, explains Wade.
“I leaned in a bit more, and I was like, ‘Can I help you?’ Because that’s my thing. How can I help?” What started with a spark of interest finished with the decision to drop her new VC career with Delta Partners and return to the start-up world to co-found Univec.ai with Mihai.
It wasn’t supposed to go like this. When Wade joined Delta Partners as a general partner (a rarity at the partner-led firm) after exiting Opening.io, the AI talent intelligence company she’d built with Mihai, to iCIMS, the message was clear.
“The guys were like, ‘Oh, this is a job for life. You come in, that’s it’. Because that’s how VC works. You raise a fund, you have to be there, especially as a partner.”
Wade got it. She’d done the building thing. Now she’d do the helping-others-build thing, and she was good at it. As a self-described “founder whisperer”, she threw herself into the role and found she had a special insight born from sitting at the other side of the table.
“Regardless of what people were saying to me, how they were saying it, I knew exactly where they were, even if the words were not necessarily pointing at the thing.”
She liked being useful. “Where I come alive is when founders need help. I’m like, ‘OK, sleeves up, let me help you with the raise, with the rebrand, with whatever it is’.” But there are only so many companies a partner can get behind in any given year. So when Mihai (her co-founder of two decades, the cool kid from her hometown who once won the Romanian national programming olympiad) landed on something that might genuinely change a market, founder-whispering wasn’t going to cut it.
The problem he’d cracked sits “deep, deep in AI infrastructure”, says Wade, invisible to most, but foundational. AI models speak in vector embeddings, a layer of numbers that turns text and other content into something machines can reason about. Every vendor (OpenAI, Google, Anthropic) has its own embedding models, each effectively speaking a different language. Worse, they get deprecated. “Every single time a model is killed, you have to redo it again. Imagine that. You’ve trained, you paid all this money to train on all the poetry in the world, and a year from now, six months from now, a month from now, it’s equal to zero.”
Until recently, the only published solutions lived in academic papers. Mihai beat them. Univec.ai now has 87-plus bridging models that translate between embedding spaces without re-embedding from scratch. They’ve open-sourced a chunk, and are publishing benchmarks and model cards for every release – partly because the market doesn’t yet know it has this problem, says Wade.
That last bit is critical. When Wade showed the work to a hugely experienced AI lead in her investor network, his reaction was immediate. He’d only ever seen the underlying research paper. He told Wade: “Andreea, 75pc of the companies in our portfolio will not know that they have this problem, but every single one of them will.”
It’s the kind of “beautiful problem with beautiful solutions for the geeks within infrastructure” that Wade and Mihai have tackled before. At iCIMS, they were sitting on 600 million CVs, which Mihai corrected to trillions of data points.
“I remember building all this kind of marketing speak, and Adrian going, ‘It’s actually trillions, but don’t say trillions because it sounds like gazillions, so just say billions’.”
They also built one of the early vector databases, before that was a category, and didn’t spin it out. “We still had a little bit of regret on not turning that into a company.” This time, they’re not making that mistake.
What followed for Wade was a few weeks of long walks at the end of last year, and an honest reckoning. “I was already solutioning in my head. I was already working. I was already there before I was there. I just felt alive in a way that I haven’t felt in a long time.”
So she told Mihai she was in. Then came the hard part – breaking the news to her partners at Delta.
“I was having 50 heart attacks at the same time,” she says of the Monday morning she told them. When she finally got the words out, she was taken aback by the level of understanding. “They were like, ‘You need to do what you need to do, and don’t worry about anything else’.”
It’s far from Wade’s first reinvention. She arrived in Ireland 24 years ago, at 23, on an inter-company transfer through Chubb, the only way she could get here before Romania joined the EU – Wade was born in Romania to Hungarian parents. Back home, she had been a senior editor on an advertising magazine. Her first Irish gig was patrolling Coca-Cola warehouses in Drogheda on night shift.
“It’s raining, it’s cold, things are creaking, and I’m patrolling. I remember thinking if my friends, my parents at home, could see me, they’d be like, ‘What are you doing?’” Several decades later, Wade will get her Irish citizenship on 22 June.
She has leaned on that arrival story before, mostly privately. But the resilience of immigrant founders is something she finds herself returning to. “You genuinely can only depend on yourself. Something goes wrong? You can’t move into your parents’ house. It’s sink or swim.”
Between security work, journalism, a stint running an underground metal festival in Romania (Dark Bombastic Evening, or DBE, which still runs), the product curriculum at the Digital Skills Academy that start-up scene regular Gene Murphy handed her two weeks before launch, time as head of product at Independent News & Media and her own start-up branding consultancy called Brandalism, Wade has picked up a broad set of skills.
The common thread, she says, is being able to explain complicated things plainly, which is useful when your second company is building a new category of AI model that most of the market hasn’t realised it needs.
And what’s next? Well, Univec.ai will start a fundraising process in the next couple of months. The inbound interest is already there, says Wade, from European and US funds, generalists, infrastructure specialists and female-focused funds.
Wade is particularly interested in the infrastructure specialists, given the brand new start-up’s mission. “We want to contribute,” she says. “OpenAI and the others are building the foundational models. There are slices within infrastructure where we want to make our own contribution to AI.
“We want to build a new category, and be the leaders in it.” Given her and Mihai’s track record as founders, you would not bet against them. Job for life, indeed.
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Despite questions about the reliability of Google’s AI mode, the company has made it crystal clear that they are doubling down on those plans.
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For many drivers, staying safe behind the wheel begins with putting on the seatbelt. While adult drivers New Hampshire don’t actually have a seatbelt law, the rest do, and it must be used at all times. But drivers in Utah are clicking their seatbelts far less often. Now, state officials are responding with a major awareness campaign aimed at changing that.
The move includes the use of new billboards, a TV commercial, and a heightened presence of law enforcement from agencies across the state. Thirty-seven Utah police departments are adding 335 additional shifts between May 18 and May 31. These shifts will be used to enforce the seatbelt law, targeting those drivers who aren’t buckled up. Under state law, all vehicle occupants must wear seatbelts and tickets will be handed out to offenders as needed by law enforcement.
According to the Utah Department of Public Safety, seatbelt compliance in the state fell to 89.6% in 2025, which was a drop from the previous two years. The issue has only gotten worse so far in 2026, with 16 fatal crashes involving unbuckled occupants resulting in 19 deaths. Data also shows that women are buckling up more than men, but only at a rate of 6.5% higher.
According to the FY 2027 Statewide Problem Identification published by the Utah Highway Safety Office, unbuckled occupants accounted for 28% of all vehicle occupant deaths in crashes between 2020 and 2024. During that same period, the state reported 1,483 traffic fatalities overall, with 49% being drivers and 18% being passengers. Of those unrestrained vehicle deaths, 69% are male, with rural areas accounting for 55% of unbuckled vehicle deaths.
The state’s campaign to address the issue is presented on the Utah Department of Public Safety. Official messaging reinforces that buckling up is a simple move that can have a major impact in the event of a crash. Along with safety reminders, the site features educational materials, including several YouTube videos and playlists. All of the content helps to emphasize the importance of wearing vehicle seatbelts, which are actually inspired by racing technology.
There does not appear to be a definite reason why some drivers in Utah aren’t buckling up. However, the NHTSA points to seat belt use as often being influenced by behavior and perception. For example, many drivers still believe they are safe on short trips or trips they’ve made before.
Google on Wednesday published exploit code for an unfixed vulnerability in its Chromium browser codebase that threatens millions of people using Chrome, Microsoft Edge, and virtually all other Chromium-based browsers.
The proof-of-concept code exploits the Browser Fetch programming interface, a standard that allows long videos and other large files to be downloaded in the background. An attacker can use the exploit to create a connection for monitoring some aspects of a user’s browser usage and as a proxy for viewing sites and launching denial-of-service attacks. Depending on the browser, the connections either reopen or remain open even after it or the device running it has rebooted.
The unfixed vulnerability can be exploited by any website a user visits. In effect, a compromise amounts to a limited backdoor that makes a device part of a limited botnet. The capabilities are limited to the same things a browser can do, such as visit malicious sites, provide anonymous proxy browsing by others, enable proxied DDoS attacks, and monitor user activity. Nonetheless, the exploit could allow an attacker to wrangle thousands, possibly millions, of devices into a network. Once a separate vulnerability becomes available, the attacker could use it to then compromise all those devices.
“The dangerous part here is that you can just have a lot of different browsers together that you can in the future run something on that you figure out,” said Lyra Rebane, the independent researcher who discovered the vulnerability and privately reported it to Google in late 2022 in an interview. She said using the exploit code Google prematurely published would be “pretty easy,” although scaling it to wrangle large numbers of devices into a single network would require more work. In the thread of Rebane’s disclosure to Google, two developers said in separate responses that it was a “serious vulnerability.” Its severity was rated S1, the second-highest classification.
Since its reporting 29 months ago, the vulnerability remained unknown except to Chromium developers. Then on Wednesday morning, it was published to the Chromium bug tracker. Rebane initially assumed the vulnerability was finally fixed. Shortly thereafter, she learned that, in fact, it remained unpatched. While Google removed the post, it remains available on archival sites, along with the exploit code.

Anyone who scans store shelves for headphones quickly realizes that low prices usually indicate significant tradeoffs in noise reduction or listening time. Anker’s Soundcore Q20i, priced at $39.99 (was $70), disrupts this pattern by including features that continue to provide long after the first listen. Hybrid active noise cancellation is fundamental to the user experience. Four microphones inside and outside the ear cups detect ambient noise and reduce it up to 90% in real time.
Battery performance significantly improves the already impressive everyday reliability of these headphones. You can get up to forty hours of playback with noise canceling turned on, or sixty hours if you leave it off. Slap a cable in for five minutes and you’ll have four full hours of use, so if you fail to pack the cable, you won’t be stuck in the middle of your vacation. With that kind of battery life, most individuals can easily get by on a single charge for several days of continuous listening.
Sale
The sound quality is likewise excellent, as the noise fades. The large 40mm drivers handle details wonderfully across the whole frequency range. The BassUp technology is also quite well executed; it adds depth without overpowering and muddying the rest of the sound. Hi-res audio support via the provided cable simply makes it sound cleaner when plugged in, which is a significant advantage for people who prefer wired connections. The free program includes twenty-two presets and adjustable sliders, allowing you to customize the sound to match your mood or music.

The most notable feature of these headphones is their comfort. If you’re concerned about weight, the memory foam cushions and flexible headband weigh less than half a pound combined. And the ear cups are very ingenious, as they spin right around to fold flat in a suitcase. Plus, the breathable mesh above the foam keeps things cool, even on long trips or study sessions. Did I mention transparency mode? With the press of a single button, you can hear voices and announcements, which is really beneficial if you need to stay informed of what is going on. Bluetooth 5.0 is also built in, so you can connect to two devices at the same time, making it easy to go from your laptop to your phone.
AMD’s answer to Nvidia’s DGX Spark AI workstations, codenamed the Ryzen AI Halo, will be available for pre-order later next month for anyone with $3,999 burning a hole in their pocket.
That might sound like a lot for an AI mini PC, but don’t worry. Compared to cloud APIs, it practically pays for itself. Or, well, that’s AMD’s sales pitch. The House of Zen argues that if you spend eight hours a day vibe coding, the system could save you $750 a month.

Whether this helps you justify paying for hardware that less than a year ago could be found for between $2,200 and $2,999 or not, it’s (probably) not AMD being greedy here; the RAMpocalypse has been hard on everyone.
Much like the DGX Spark, which now retails for $4,699, up from $3,999 when we reviewed it last fall, AMD’s rendition aims to provide a curated developer environment for running local models and agentic AI frameworks.
This is really the core value proposition behind both of these devices. They aren’t the most powerful or the fastest AI systems, but they’re able to run models that a few years ago would have cost $20K or more.
The diminutive system measures in at 5.9 x 5.9 x 1.7 inches (150 x 150 x 43 mm) and is powered by a 120 watt Ryzen AI Max+ 395 APU, better known by its codename Strix Halo.

The chip is backed by 128 GB of LPDDR5x 8000 MT/s memory, which feeds both its 16 Zen 5 cores and 40 RDNA 3.5 GPU compute units, providing up to 256 GB/s of bandwidth, more than a Ryzen 9000 Threadripper (non-Pro) system.
For local AI enthusiasts, that’s enough to run models up to 200 billion parameters in size at 4-bit precision — just like the more expensive Spark.
The bulk of the Ryzen AI Halo’s compute comes from its integrated graphics, which are capable of delivering roughly 56 teraFLOPS at 16-bit precision.
While impressive for onboard graphics, that’s still between 55 and 88 percent slower than what the DGX Spark advertises.
Unlike the Spark’s Blackwell-based GB10 APU, Strix Halo doesn’t support FP8 or FP4 data types in hardware. At BF16, the Spark delivers 125, at FP8 250, and FP4 500 teraFLOPS. Double those figures if you happen to find a workload that can leverage Nvidia’s 4:2 sparsity.
That performance discrepancy won’t necessarily be obvious in every workload. In fact, in LLM inference, AMD claims the AI Halo generates tokens 4-14 percent faster than the Spark.
The lower end of that roughly matches what we saw when we pitted the Spark against a similarly equipped HP Z2 Mini G1a back in December. The G1a packs the same silicon as AI Halo, and in Llama.cpp with the Vulkan backend, eked out a small but meaningful lead over the Spark in tokens per second generated.
However, the speed any GPU can generate tokens at is largely dictated by effective memory bandwidth, not floating point performance. GPU compute has a much bigger impact on things like prompt processing time.
In our testing, the Spark’s more capable tensor cores gave it a 2x to 3x lead in prompt processing. For shorter prompts, this isn’t all that noticeable, usually the difference between waiting 100 ms versus 200 ms or 300 ms, but for longer prompts, it did become more pronounced.
We saw the Spark take similar leads in our image generation and fine tuning benchmarks, but it’s worth noting that AMD’s software stack has matured greatly since our initial review and the performance gap has likely closed somewhat since then.
AMD’s AI Halo does have two things going for it that can’t be said of the Spark. Alongside the GPU is an XDNA 2-based neural processing unit (NPU) that AMD rates for 50 TOPS. What good that’ll do you depends heavily on the application in question. Many content creation apps have now been updated to take advantage of it, but the number of generative AI inference engines that could properly harness it was quite limited the last time we looked.
The second thing AMD’s Ryzen AI Halo has going for it is that it’s a standard x86 box at its heart, and you can run Windows or your preferred flavor of Linux on it if that’s more your style. On the Spark, you’re stuck with a lightly customized version of Ubuntu 24.04. Beyond that, you’re coloring outside the lines.
Particularly for developers building for Microsoft’s NPU-accelerated AI PC ecosystem, this is an obvious advantage.
In terms of networking, AMD’s Spark-clone falls a bit flat. One of the hallmark features of Nvidia’s AI workstation is a 200 Gbps ConnectX-7 NIC, which allows for clustering of up to two and eventually four systems.
AMD’s AI Halo has a single 10 Gbps NIC, which should help with downloading large model files in a timely manner. In theory, the system should be able to achieve high-speed networking over USB-4, but it’s not clear whether this is actually a supported use case.
That said, Apple has already demonstrated just this using RDMA over Thunderbolt, so it should work so long as AMD has a playbook for configuring RDMA on its systems.
As we mentioned earlier, much of the Ryzen AI Halo’s value proposition comes from being validated hardware with well documented playbooks for common use cases and known good software.
Finding the right combination of device drivers, ROCm, HIP, SYCL, CUDA, PyTorch, TensorFlow, and JAX has long plagued the AI/ML devs, regardless of which ecosystem you opt for.
Having validated environments for workloads, whether it be vLLM, Llama.cpp, Ollama, ComfyUI, or something else ensures users spend more time doing something productive than debugging mismatched dependencies.
At launch, AMD says the Ryzen AI Halo will ship with five preinstalled playbooks, with another 10 available online and additional playbooks to be added monthly.
Additionally, customers will gain access to AMD’s developer program, cloud credits, and exclusive playbooks.
The 128 GB Ryzen AI Halo will be available for pre-order next month starting at $3,999, but if that isn’t enough for you, AMD is already prepping a higher capacity version of the system with 192 GB of memory on board.

That system will feature a refreshed Ryzen APU in the AI Max+ 495, which just like the rest of AMD’s 400-series lineup gets a modest clock bump to the CPU, GPU, and NPU, and not a whole lot else.
Still, 192 GB of unified memory opens the door to even larger, more capable models, if you can stomach the presumably higher asking price. ®
Qivalis plans for a market launch in the second half of 2026.
Bank of Ireland and AIB have joined a consortium of European banks working towards issuing a euro-denominated stablecoin.
The two Irish banks joined the Qivalis consortium alongside 23 other banks – including Cecabank, Erste Group, Groupe BPCE and the National Bank of Greece – taking the group’s total strength to 37 banks from across 15 countries in the region.
The group wants to introduce euro-denominated stablecoins to expand Europe’s financial infrastructure and compete with US-backed versions, which make up the overwhelming majority of stablecoins in circulation. Big names such as Danske Bank, ING and KBC joined the consortium last September.
Stablecoins are a digital asset generally linked 1:1 to a chosen fiat currency. These digital assets allow for round-the-clock liquidity and near instant settlements.
The combined market capitalisation of all stablecoins exceeds $300bn, with around 90pc of it held by Tether and Circle; euro-denominated stablecoins only total around €395m, according to EU figures from November – or around 0.2pc of the total in circulation, according to Qivalis.
“The euro is Europe’s currency, and on-chain financial infrastructure should carry it – built by European institutions and governed by European rules,” said Jan-Oliver Sell, the CEO of Qivalis.
Formed in 2025, Qivalis is currently in pursuit of European regulatory approval to become an authorised electronic money institution. The consortium is targeting a market launch in the second half of 2026.
“We are investing in this consortium because we believe Europe needs trusted, regulated innovation in payments and settlement,” said Geraldine Casey, the managing director of retail banking at AIB.
“Qivalis will provide access to a euro-denominated stablecoin that is being developed to operate within the EU regulatory framework.”
As part of the consortium, AIB has said that it will collaborate with other European banks to innovate payments systems.
“This is a practical step for AIB to learn, innovate, test and collaborate with other leading European banks, and to help shape how new forms of digital money can be used safely, responsibly and within the regulated banking system,” Casey added.
The European Central Bank, meanwhile, has moved to the next phase of the digital euro project, with plans for a pilot digital euro project in mid-2027 and issuance in 2029.
Howard Davies, Qivalis’s chairperson, added: “This infrastructure is essential if Europe is to compete in the global digital economy whilst preserving its strategic autonomy.
“The euro’s role in the eurozone’s monetary system will increasingly depend on whether it is present – as the primary settlement currency – on the rails where global value moves.”
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Disclaimer: Unless otherwise stated, any opinions expressed below belong solely to the author. Data sourced from the Economic Development Board and Singapore Department of Statistics.
After a turbulent 2025, following the return of Donald Trump to the White House and the wave of trade tariffs the US unleashed on the world, 2026 offered a promise of greater stability. Singapore weathered the storm exceptionally well, bouncing up to a 5% GDP growth, despite fears of a global recession, raising expectations for the new year as well.
Unfortunately, another geopolitical event shook the world on Feb 28, when the US and Israel decided to deal a final blow to the Iranian regime, leading to massive disruptions in oil and gas trade from the Persian Gulf and sending global energy prices soaring.
Since all economies depend on fuel and electricity, virtually every area of our activity is affected. It should be no surprise, then, that the city-state’s business outlook for the coming months has taken a tumble as a result.
Expectations of Singapore-based businesses for the next six months are overwhelmingly negative. Only four industries expect an uptick in activity, with the rest firmly in the red (the figures show the net weighted percentage of positive/ negative answers collected by EDB and Singapore Department of Statistics in their quarterly surveys).


Local manufacturing is, fortunately, still on life support, thanks to the ongoing tech boom in Artificial Intelligence, which is keeping demand for semiconductor products and related sectors high.


Interestingly, the IT rally has been more than enough to offset the suffering of other manufacturing sectors, boosting the overall average:


You can see it reflected in employment forecasts as well, as manufacturing is expected to look for more employees than before. The caveat, of course, is that the demand is highly uneven and driven by a potential bubble which may suddenly burst, leaving thousands of people out of a job overnight.


While this dire prediction about AI frenzy is still a ‘maybe,’ job prospects in services—where a large majority of Singaporeans are employed—are already very grim.
For comparison’s sake, let’s start with what the figures showed in the first quarter of the year:


All but two industries expected increased hiring, having just had a really strong 2025, against the odds and fears.
Now, however, let’s look at what Singapore employers are saying today:


As you can see, the mood has shifted entirely. Only those in Recreation & Personal services expect to bring more people on board (although it’s hard to say how many of these jobs are directed to Singaporeans).
Not even the lucrative Finance industry is being spared this time, and may see job cuts instead of hiring this quarter.
To understand just how big a shift it is, just look at the collapse in sentiments between the two quarters:


With the exception of Real Estate, which is somewhat insulated from the global turmoil (cooling measures for foreign buyers have been in place for a while already, while the local market remains stable and predictable), every other industry has seen a decline in expected hiring activity.
Retail trade appears to be worst hit, having dropped sharply, by 35 percentage points, from a net positive 12 to negative 23.
That said, virtually everybody is less optimistic than they were at the start of 2026. And unless the war with Iran comes to a conclusion soon, companies may be reluctant to increase hiring, given higher operational costs and uncertainty about the consequences of the conflict.
The only consolation is that we already lived through a similar turmoil around the same time last year. All’s well that ends well.
Featured Image Credit: Shadow_of_light/ depositphotos
Home-grown bread manufacturer Gardenia is shifting its bakery production from Singapore to Johor Bahru, Malaysia. As a result, it will lay off 141 employees at its Pandan Loop facility, Channel News Asia reported on Wednesday (May 20).
The company cited ongoing efforts to improve operational efficiency and remain competitive amid an increasingly challenging global environment as the reason for the move.
Production at the Pandan Loop manufacturing facility will end on Jun 30.
“Gardenia informed employees of the decision at an internal meeting this morning and said affected staff will receive the appropriate notice period and support in line with local regulations and guidelines,” the company said in a media release.
“The company is also considering eligible employees for suitable roles within the group’s network of operations where possible.”
Singapore will remain Gardenia’s central hub for brand management, product development, quality and regulatory oversight, distribution, and supply chain—retaining about 250 employees post-transition.
Its Singapore team will also continue to oversee quality governance and ensure compliance with requirements set by the Singapore Food Agency and the Health Promotion Board.
Gardenia said that the Food, Drinks and Allied Workers Union (FDAWU) was informed in advance about the layoffs.
“This enabled the union to quickly mobilise support such as training, job placement assistance, and discussions on fair retrenchment terms. FDAWU was also able to quickly tap on its network of unionised partners to identify suitable vacancies for affected workers,” it added.
“The union worked closely with Gardenia to ensure fair compensation and transition support for affected employees.”
Nearly five decades ago, Gardenia started as one small bakery in Bukit Timah Plaza in 1978. Today, it operates across Malaysia, the Philippines, and Australia.
Gardenia’s decision comes after similar moves by other food and beverage manufacturers.
In Mar, beverage company Yeo Hiap Seng (Yeo’s) announced it would lay off 25 employees at its Senoko facility as it shifts can manufacturing operations to Malaysia.
Asia Pacific Breweries Singapore, which brews Tiger Beer, also said recently that it would cut about 130 roles as it shifts production to other regional markets such as Malaysia and Vietnam.
Featured Image Credit: National Trades Union Congress
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