Business
UK's Thames Water fined £122.7 million over sewage and dividend breaches
Britain’s Thames Water, on the brink of financial collapse, will have to pay a record £122.7 million (S$213.3 million) fine for breaching…
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Business
Tesco shoppers mock 'VAR'-style cameras at self-checkout
Emma Haslett Business reporter Tesco's introduction of AI technology to some self-checkouts has led to customers joking that it bears a…
Business
Shein working towards Hong Kong listing after London IPO stalls
Shein is working towards a listing in Hong Kong after the online fast-fashion retailer’s proposed initial public offering (IPO) in London…
Business
Effortless and Eternally Chic—The 9 Best Luxury Basket Bags to Invest in Now
There's a reason straw bags come back every summer: they're eternally chic. Since the days of Jane Birkin stepping out with her wicker…
Business
China’s answer to World Bank plans to open Singapore, HK offices
The Asian Infrastructure Investment Bank is looking to open new offices in Hong Kong and Singapore, according to people familiar with the…
Business
China’s answer to World Bank could open Singapore, HK offices: sources
The Asian Infrastructure Investment Bank is looking to open new offices in Hong Kong and Singapore, according to people familiar with the…
Business
‘Purest meat alternative’ to grow in Swedish mycoprotein factory
Swedish foodtech startup Millow has opened its first commercial-scale factory at a former LEGO production hall in Gothenburg. The facility…
Business
Thames Water fined £122.7m in biggest ever penalty
Thames Water has been fined £122.7m for breaching of rules relating to its wastewater operations and dividends payments. It is the biggest…
Business
Can geothermal startups drill Europe to clean energy independence?
In the wooded hills south of Munich, Germany, engineers are drilling 8 km down in a bid to harvest limitless clean energy from Earth’s…
Business
Sir Mark Rowley: Met chief warns anti-crime pledges need funding
Francesca Gillett BBC News The government's pledges on crime will not be kept without substantial extra money for policing in next month's…
Business
China plans commodities overhaul to attract global investors
CHINA is on the cusp of its biggest move yet to open up its vast commodities markets, after the Shanghai Futures Exchange (SHFE) unveiled…
Business
TNW Backstage tunes into the future of earbuds
TNW Backstage returns this week with a journey into the future of sound. Our featured guest is Xander de Buisonjé — Dutch singer, TV…
Business
Tencent Music buys SM Entertainment stake in K-pop bet
A Tencent Holdings subsidiary is snapping up a nearly 10 per cent stake in SM Entertainment valued at about US$180 million, marking a rare…
Business
SunMoon sinks to S$1.5 million loss in FY2025 despite higher revenue
Fruit distributor SunMoon Food Company has sunk into the red with a net loss of S$1.5 million for the full year ended March, compared with…
Business
Asia: Stocks track Wall Street rally as trade fears ease, eyes on Japan debt
Asian equities rose on Wednesday following a Wall Street rally as traders cheered forecast-beating US consumer confidence data and a drop…
Business
Temu-owner PDD Holdings profit dives as it faces challenges at home and abroad
Chinese e-commerce firm PDD Holdings saw first-quarter net profit fall 47 per cent to 14.7 billion yuan (S$2.6 billion) as its domestic…
Business
US warns Pirelli risks restrictions due to Chinese investor
The US government warned Italy’s Pirelli & C that vehicles containing its advanced sensors technology could be restricted from sale in…
Business
New Zealand central bank cuts cash rate by 25 bps
New Zealand’s central bank cut its benchmark official cash rate by 25 basis points to 3.25 per cent on Wednesday, as policymakers sought…
Business
UBS’s Iqbal Khan sees rich customer demand for alternative assets
Wealthy customers of UBS Group are looking to buy more alternative assets as they seek to diversify investments during a volatile period…
Business
CapitaLand Ascendas Reit to buy Tai Seng data centre, Science Park building for S$700.2 million
CapitaLand Ascendas Real Estate Investment Trust (Clar) has entered conditional agreements to acquire two prime properties to expand its…
Business
Australia: Shares at 3-month high ahead of inflation data; RBNZ decision in focus
AUSTRALIAN shares climbed on Wednesday, reaching their highest levels in more than three months, supported by strength in banking and…
Business
Watch: Loose pigeons cause havoc on plane before take-off
A Delta flight travelling from Minneapolis to Madison, Wisconsin was delayed after two pigeons ended up onboard the aircraft, baffling…
Business
A1 Northumberland: Homes 'left to rot' on cancelled road route
Jo Lonsdale BBC North East & Cumbria Investigations In October 2024 the government announced it was cancelling a project to widen part of…
Business
Gold stages rebound as US dollar, Treasury yields slip
Gold prices gained on Wednesday (May 28), helped by a slight retreat in the US dollar and lower US bond yields as investors await a US…