Business
Australia to provide A$135 million bailout for Trafigura lead, zinc smelters
The Australian government said on Tuesday it will provide A$135 million (S$112.5 million) in financial support for two smelters owned by…
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Business
Business
Claire’s skips rent payments, moving closer to bankruptcy filing
The retailer has struggled since a 2018 bankruptcy handed control to creditors including Elliott Management and Monarch Alternative…
Business
CICT to buy rest of CapitaSpring for S$1 billion; plans S$500 million placement between S$2.105 and S$2.142 a unit
CapitaLand Integrated Commercial Trust (CICT) on Tuesday (Aug 5) announced a proposed launch of more than 237.5 million new units to raise…
Business
Remains of extinct Bronze Age cattle found in Ingleborough cave
Remains of an extinct breed of Bronze Age cattle have been discovered by archaeologists in a cave in the Yorkshire Dales. Researchers…
Business
Stocks to watch: CICT, CapitaLand Ascendas Reit, Lendlease Global Commercial Reit, Frasers Hospitality Trust, Sunpower
The following companies saw new developments that may affect trading of their securities on Tuesday (Aug 5): CapitaLand Integrated…
Business
CFTC to allow listed spot crypto trading on registered exchanges
The digital assets industry has seen progress under US President Donald Trump’s administration, as bills such as the Genius Act and…
Business
CICT H1 DPU up 3.5% rise on Ion Orchard contribution; Reit buying rest of CapitaSpring for S$1 billion
CapitaLand Integrated Commercial Trust’s (CICT) distribution per unit (DPU) rose by 3.5 per cent to a new high of S$0.0562 for its first…
Business
Hong Kong’s new listing rules seen as helping hot market to stay hot
Hong Kong’s changes to its listing rules are likely to pave the way for one of the world’s hottest markets for initial public offerings…
Business
Traditional marketing is dead (almost)
Traditional advertising, as we know it, will be dead by 2030. A harsh prediction, maybe, but the truth is that today’s modern buyer has…
Business
Figma sheds US$11 billion in market value days after blockbuster IPO
FieldCEO Dylan Field owns about 54.2 million the company shares worth about US$5 billion after selling 2.35 million shares in the IPO…
Business
Music spaces can strengthen communities
Live music is booming. According to Goldman Sachs’ Music in the Air report, the global live music market is estimate to reach $38.2…
Business
Limitless: Chris Hemsworth on facing fears, ageing and return of Thor
Chris Hemsworth is best known as the hammer-wielding Norse god Thor in Marvel's cinematic universe. But now the Australian actor is…
Business
Australia activates Blackrock’s A$1 billion super battery which will be world’s most powerful
The country leads globally in rooftop solar per capita, which floods the grid with cheap daytime power but also creates challenges for…
Business
Intel’s credit rating downgraded by Fitch on demand challenges
H downgrading US chipmaker Intel’s credit rating by one notch on Monday, according to a note by the ratings agency, which assigned a…
Business
By leaning into change, luxury is learning to thrive
Declining sales, falling profits, and job cuts have made for a tough first half of the year for the luxury sector. Yet two new initiatives…
Business
Michael Saylor’s Strategy makes its third-largest Bitcoin purchase ever
Michael Saylor’s Bitcoin juggernaut is at it again, buying near the highs with the kind of capital-markets firepower no other crypto firm…
Business
Amazon’s latest move spells trouble for audio-based podcasting
Amazon is gearing up for a significant restructuring of Wondery—the podcast studio behind popular shows like Scamfluencers, Dr. Death, and…
Business
Amazon to cut Wondery staff, reorganise audio business
Amazon.com is breaking up the operations of its Wondery podcast network as part of a broad reorganisation of the business. About 110…
Business
Hilary M. Weston, International Retailer, Philanthropist, Model, Dies at 83
Hilary M. Weston, retail mogul, socialite, philanthropist, and a former lieutenant governor of Ontario, Canada, died Saturday at the age…
Business
Rio Ngumoha raises first-team hype with Liverpool goal at Anfield
Ngumoha, who turns 17 later this month, shone again in pre-season to get fans wondering if he could be part of the first team this year.…
Business
Amazon cuts 110 jobs in reorganization of Wondery audio division
Amazon on Monday said it is cutting 110 roles from its audio division Wondery as part of a restructuring effort. The cuts reflect an…
Business
Research reveals how Delta and other airlines use AI to set ticket prices
Booking your last minute summer getaway? Delta recently revealed to what extent it’s using artificial intelligence to set ticket prices.…
Business
Bullish IPO aims to capture OpenAI-era enthusiasm for high-risk tech
Traders in the stock market can decide next week if they feel “bullish” about Bullish, as the cryptocurrency exchange announced today it…