Business
US: S&P 500, Nasdaq hit record highs at open
The S&P 500 and the Nasdaq opened at record highs on Thursday (Jul 31), as blockbuster earnings from Meta and Microsoft signalled Big…
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Business
Business
Del Monte Pacific hit by nearly US$800 million in losses from US unit collapse
Del Monte Pacific, which is dual-listed on the Singapore Exchange and Philippine Stock Exchange, on Thursday (Jul 31) unveiled a net loss…
Business
Funeral held for Norman Tebbit at Bury St Edmunds cathedral
Ben Parker BBC News, Suffolk The funeral service for former Conservative cabinet minister Norman Tebbit has been held at the cathedral in…
Business
Aoxin Q&M suspends former CEO as part of whistle-blowing investigation
The move follows Dr Shao’s resignation on Jul 22 after a whistle-blower report against him was sent to company’s audit committee Aoxin Q&M…
Business
Jardine Matheson reports 45 per cent growth in H1 underlying profit to US$798 million
Jardine Matheson Holdings (JMH) reported a 45 per cent growth in underlying profit for the first half of the 2025 financial year to US$798…
Business
Jardine Matheson reports 45% growth in H1 underlying profit to US$798 million
Jardine Matheson Holdings (JMH) reported a 45 per cent growth in underlying profit for the first half of the 2025 financial year to US$798…
Business
Ofcom investigates 34 porn sites over UK age verification
Liv McMahon Technology reporter Ofcom is investigating four companies, operating a total of 34 porn sites, over whether they are complying…
Business
The Download: OpenAI’s future research, and US climate regulation is under threat
—Will Douglas Heaven For the past couple of years, OpenAI has felt like a one-man brand. With his showbiz style and fundraising glitz, CEO…
Business
Moderna to cut 10% of staff to offset slowing Covid business
[CAMBRIDGE, MASSACHUSETTS] Moderna is cutting about 10 per cent of its workforce, part of an effort by the struggling biotech company to…
Business
StanChart CEO says ‘shame on’ big banks quitting net zero group
The chief executive officer of Standard Chartered, Bill Winters, has some strong words for banks that have recently walked back their…
Business
Netlink NBN Trust reports a 9.2% fall in Q1 FY2025 earnings to S$23.3 million, on lower Ebitda and expanded asset base
But its revenue was up 1.9% year on year to S$102.8 million; Ebitda took a dip of 1.9% to S$70 million The manager of Netlink NBN Trust on…
Business
NetLink Trust reports 9.2% fall in Q1 FY2026 earnings to S$23.3 million on lower Ebitda, expanded asset base
But its revenue was up 1.9% year on year at S$102.8 million; Ebitda took a dip of 1.9% to S$70 million The manager of NetLink NBN Trust on…
Business
Hulu Sale Boosts Comcast Q2 Despite Cord Cutting, Ad Sales Downturn
Comcast said its second quarter profit was boosted by the sale of its remaining stake in the Hulu streaming service to Disney and…
Business
These are the perks workers are looking for right now (and it’s not just to work from home)
In the current climate of economic volatility, changing workforce expectations, and ongoing systemic talent scarcity, the employer–talent…
Business
Shein revenue neared US$10 billion in first quarter before tariffs: sources
Shein Group’s net income rose to over US$400 million and revenue was almost US$10 billion in the first quarter as consumers snapped up the…
Business
CapitaLand Ascott Trust to sell Citadines Central Shinjuku Tokyo for S$222.7 million by Q4 2025
CapitaLand Ascott Trust (Clas) is proposing to divest Citadines Central Shinjuku Tokyo for 25 billion yen (S$222.7 million), with the…
Business
The World’s First Giorgio Armani-Branded Beach Villas Are Coming to U.A.E.
ARMANI ON THE BEACH: The Giorgio Armani Group is deepening its lifestyle dimension with a new real estate project. The fashion company…
Business
Software nearly ate the world. Now builders and designers are taking it back
In 2011, Marc Andreessen boldly declared that “software is eating the world.” At the time, it was both a prediction and a provocation—one…
Business
Singapore shares dragged by Singtel, Seatrium declines; STI down 1.1%
Local stocks declined for the fifth straight session on Thursday (Jul 31), amid heavy selling in index heavyweights Singtel and Seatrium.…
Business
Singapore’s Perennial setting up 500 million yuan general hospital in Shanghai
Singapore-based real estate and healthcare company Perennial Holdings announced on Thursday (Jul 31) that it has entered into a…
Business
The two people shaping the future of OpenAI’s research
Chen joined the company in 2018 after working as a quantitative trader at the Wall Street firm Jane Street Capital, where he developed…
Business
Microsoft poised for US$4 trillion valuation after solid results
Microsoft is set to soar past US$4 trillion in market valuation for the first time on Thursday (Jul 31), as a blockbuster earnings report…
Business
Shell’s profit drops by almost a third on lower oil prices, but beats expectations
Shell’s second-quarter net profit tumbled by almost a third on Thursday (Jul 31), dragged down by a drop in oil prices, lower gas trading…
Business
BMW profits slump on China woes, US tariffs
BMW said on Thursday (Jul 31) its profits slumped by a third in the second quarter as the German premium carmaker was hit hard by falling…