Business
Saks Said to Pursue Joint Venture to Expand Bergdorf Goodman
The reinvention at Saks Global might be about to touch the Bergdorf Goodman business. Sources said the company has had “preliminary…
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Business
Business
Fran Kirby: Lionesses star retires from England duty before Euro 2025
After being in the England team since I was 21, it's time to close that chapter of my life. I didn't ever want this day to come, but I…
Business
China’s critical mineral export ban gets pushback from global auto industry
Alarm over China’s stranglehold on critical minerals grew on Tuesday as global automakers joined their U.S. counterparts to complain that…
Business
Music giants begin negotiating AI licensing rights for labels and artists
As artificial intelligence’s influence continues to spread deeper into pop culture, major record labels are starting negotiations with AI…
Business
Powering AI: Here’s what to know about Meta’s new nuclear deal with Constellation Energy
Meta has signed a 20-year deal with Constellation Energy to keep open its Clinton Clean Energy Center nuclear facility in Illinois, a move…
Business
AI code-gen startup valuations surge as Big Tech circles
Two years after the launch of ChatGPT, return on investment in generative AI has been elusive, but one area stands out: software…
Business
US: Wall Street opens mixed as investors await trade negotiations
Wall Street’s main indices opened mixed on Tuesday (Jun 3) as investors awaited possible negotiations between the United States and its…
Business
Lower energy costs make retirement less expensive
Lower energy prices mean the amount of money needed to meet a basic standard of living in retirement has fallen, a major report has found.…
Business
Thailand and Indonesia could be growth laggards in Asean: Nomura
Thailand and Indonesia are expected to be growth laggards within Asean, noted Euben Paracuelles, chief Asean economist at Nomura at the…
Business
Semiconductor manufacturer Frencken to build new S$63 million plant in Kaki Bukit
Semiconductor maker Frencken will invest S$63 million to build a new and larger five-storey manufacturing facility in Kaki Bukit. The new…
Business
North Face and Cartier hit by cyber attacks
Imran Rahman-Jones Technology reporter Fashion brand The North Face and luxury jeweller Cartier have become the latest retailers to report…
Business
Disney announces hundreds of global layoffs. Here are the teams that will be affected
Media company Walt Disney is laying off several hundred employees in film, television and corporate finance, a source familiar with the…
Business
Grand Venture Tech’s Q1 after-tax net profit up 27.7% to S$2.6 million
Manufacturing-service provider Grand Venture Technology (GVT) on Tuesday (Jun 3) posted a first-quarter net profit after tax of S$2.6…
Business
Temasek’s Mapletree Investments returns to profit, hits record AUM of S$80.3 billion in FY2025
Temasek’s Mapletree Investments reversed a loss from the previous year to turn a profit of S$227.2 million for the full-year ended Mar 31,…
Business
EXCLUSIVE: Huda Kattan Takes Full Ownership of Huda Beauty
Just a year after re-assuming her role as chief executive officer, Huda Beauty founder Huda Kattan is tacking on “owner” to her title,…
Business
Asean power grid could unlock 25 GW of renewable capacity, lowering Singapore’s electricity costs: Rystad Energy
A regional power grid that allows for electricity trade between Asean nations, if fully realised, could unlock up to 25 gigawatts (GW) of…
Business
The privatisation offer for this small Catalist company could cause SGX some discomfort
Amid a flurry of delistings from the Singapore Exchange (SGX), one more privatisation offer – especially that for a small Catalist player…
Business
The Future of Warfare Is Here
And it features low-cost drones basically indistinguishable from ones available on Amazon. Source link
Business
Thames Water's future in doubt after investor pulls out
Thames Water has suffered a major setback in its attempt to secure its future after US private equity giant KKR pulled out of plans to buy…
Business
Singapore stocks climb on the prospects of Trump-Xi talks this week; STI up 0.1%
Gainers beat losers 313 to 192 with 1.1 billion securities worth S$1.3 billion changing hands Local stocks ended Tuesday (Jun 3) higher as…
Business
Ascott, Frasers Hospitality expand footprint in Asia
Lodging sector players Ascott and Frasers Hospitality issued separate statements on Tuesday (Jun 3) announcing their expansion in Asia…
Business
Protect investors, but give private market fund managers flexibility, industry players tell MAS
The transparency of private market funds, the amount they charge in fees, and the methods of valuation were among key points raised in the…
Business
Julius Baer focuses on costs as CEO sets ‘realistic’ goals
The Zurich-based wealth manager will seek 130 million Swiss francs (S$205 million) in cost reductions to 2028 US Baer is stepping up its…
Business
Julius Baer’s new goals fail to impress in setback for CEO
Julius Baer Group unveiled fresh targets aimed at cutting costs and setting the Swiss wealth manager on the road to better profitability,…