Business
Sources: Thom Browne CEO Rodrigo Bazan to Exit, Sam Lobban to Succeed
MILAN –Rodrigo Bazan is exiting his role as chief executive officer of Thom Browne at the end of August, WWD has learned. According to…
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Business
Adidas to raise prices as US tariffs cost €200m
Adidas has warned that US tariffs will cost the German sportswear giant a further €200m (£173m) and confirmed that it will raise prices…
Business
Taiwan’s Foxconn, Teco Electric to form strategic partnership
Taiwan’s Foxconn, the world’s largest contract electronics maker, and Taiwan industry motor maker Teco Electric & Machinery will form a…
Business
Taiwan’s Foxconn, Teco Electric to build AI data centres
Taiwan’s Foxconn, the world’s largest contract electronics maker, will form a strategic partnership with industrial motor maker Teco…
Business
Thailand adjusts EV policy to ease production requirements, target exports
Thailand adjusted an electric vehicle incentive policy on Wednesday (Jul 30) to give carmakers more flexibility to meet production…
Business
Luis Diaz: Bayern Munich sign Liverpool winger in £65.5m deal
Liverpool winger Luis Diaz has completed a £65.5m move to Bundesliga champions Bayern Munich. The Colombia international has signed a…
Business
Mercedes-Benz profit plunges on tariff, China woes
Premium German carmaker Mercedes-Benz said Wednesday (Jul 30) its second-quarter profit plunged nearly 70 per cent due to US tariffs and…
Business
US ETF outperforming S&P 500 becomes substantial shareholder in Rex, has stakes in 30 Singapore stocks
A US-based exchange-traded fund (ETF) has recently become a substantial shareholder of Rex International after raising its stake in the…
Business
Rio Tinto posts smallest first-half profit in five years
It reported underlying earnings of US$4.81 billion for the six months ended June 30 Rio Tinto reported its smallest first-half underlying…
Business
Temasek sees 10 times gain with 5.5 billion euro stake sale in Indian JV with Schneider
Temasek Holdings has sold its minority stake in an Indian joint venture (JV) to its partner Schneider Electric for 5.5 billion euros…
Business
Tesla signs US$4.3 billion LGES battery deal, source says, reducing China reliance
South Korea’s LG Energy Solution (LGES) has signed a US$4.3 billion deal to supply Tesla with energy storage system batteries, said a…
Business
The doctor strike is ending - what comes next?
The five-day doctor strike in England may be ending, but it is clear this dispute - 12 walkouts and counting - is far from over. "We've…
Business
How to protect yourself from the next cyber security threat
Earlier this month, Microsoft confirmed that attackers had exploited a critical vulnerability in SharePoint servers. A patch had already…
Business
UBS second-quarter profit doubles to $2.4 billion, beats estimates
UBS’ second-quarter profit more than doubled from a year earlier, comfortably ahead of expectations, as it joined other major banks in…
Business
HSBC first-half profit falls 26%, misses estimates
— reported a 26 per cent slide in first-half pretax profit on Wednesday, missing analyst estimates, as impairments from its investment in…
Business
HSBC first-half profit slumps 26% as China losses mount
HSBC Holdings reported a 26 per cent slide in first-half pretax profit on Wednesday (Jul 30), missing analyst estimates, as impairments…
Business
Samsung’s big Tesla order fuels recovery bets despite chip woes
Samsung Electronics’ surprise US$16.5 billion chipmaking deal with Tesla has breathed new life into a foundry business all but written off…
Business
Stablecoins inspire hope, and hype, in Hong Kong
Stablecoin excitement has gripped Hong Kong as the city prepares to launch a licensing system for the less volatile type of…
Business
Asia: Markets mixed as China-US talks end, eyes on tech earnings
Asian markets were mixed on Wednesday as investors kept tabs on China-US developments after they agreed to further talks to extend their…
Business
US consumer finance watchdog says it will replace Biden-era ‘open banking’ regulations
A federal judge on Tuesday paused a lawsuit against the US Consumer Financial Protection Bureau that had sought to strike down “open…
Business
Citigroup hiring for Asia rates, prime teams on hedge fund flows
Citigroup plans to increase headcount in its Asia rates and prime businesses by 5 to 10 per cent over the next year to cope with booming…
Business
Shopping addiction should be taken more seriously say sufferers
A day of retail therapy can be just the ticket for some people to help them feel better about themselves. But what happens when you can't…
Business
Kraken seeks US$500 million funding at US$15 billion valuation, The Information reports
TOCURRENCY exchange Kraken is set to raise US$500 million in funding at a US$15 billion valuation, The Information reported on Tuesday,…
Business
Seatrium halts trading of shares ahead of H1 earnings
This is coming one day before it is due to announce its first-half earnings – on Jul 31 Seatrium called for trading of its shares to be…