Business
TikTok signals layoffs as U.S. e-commerce team told to work from home
U.S. TikTok Shop employees received a memo on Tuesday that recommended its staff to work from home Wednesday, ahead of “difficult…
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Business
Business
'The mood is changing': Israeli anger grows at conduct of war
As Israel's war in Gaza enters a new, violent phase, a growing number of voices within the country are speaking out against it - and how…
Business
Meta AI chief: ‘Inferiority complex’ is stunting European tech
Europe’s not lacking talent — it’s lacking confidence. That’s the verdict from Meta’s chief AI scientist Yann LeCun, who says an…
Business
The world’s critical minerals come from just a few countries. That’s a big problem for clean energy
The world’s sources of critical minerals are increasingly concentrated in just a few countries, most notably China, leaving the global…
Business
CapitaLand Ascott Trust prices S$260 million of perpetuals at 4.2%
The issuance, with OCBC as lead manager and bookrunner, is expected to be on or around May 28 HOSPITALITY player CapitaLand Ascott Trust…
Business
US: Wall Street opens lower with focus on Trump's tax Bill
Wall Street’s main indexes opened lower on Wednesday (May 21), as investors awaited the outcome of a pivotal debate around US President…
Business
Shares for Vans Parent Company VF Corp. Sink After Q4 Revenue Miss
Shares for Timberland and Vans parent company VF Corporation sank 14 percent in pre-market trading on Wednesday morning following…
Business
Mórbido TV and Screen Capital Unveil Umbra, a Genre-First Streaming Hub for the LatAm Market (EXCLUSIVE)
Chilean investment firm Screen Capital has acquired Versatile Communications Inc. to launch the region’s first multi-platform hub…
Business
DBS’ Tan Su Shan ranked sixth in Fortune’s list of the most powerful women in business
Tan Su Shan, chief executive officer of DBS, has been named the sixth most powerful woman in business in Fortune magazine’s 2025 100 Most…
Business
By putting AI into everything, Google wants to make it invisible
Yes, Google’s roster of consumer-facing products is the slickest on offer. The firm is bundling most of its multimodal models into its…
Business
Gary Lineker's podcast The Rest is Football dropped by BBC after row
New episodes of Gary Lineker's podcast The Rest is Football will no longer appear on the BBC's audio streaming service after the presenter…
Business
Microsoft-backed Builder.ai set for bankruptcy after cash seized
Builder.ai, the British artificial intelligence startup backed by Microsoft and the Qatar Investment Authority, is filing for bankruptcy…
Business
West Nile virus detected in UK mosquitoes for first time
West Nile virus has been detected in UK mosquitoes for the first time, the UK Health Security Agency (UKHSA) said. It added that the risk…
Business
STI closes flat amid a mixed regional showing, overnight Wall Street declines
Gainers beat decliners 273 to 205 across the broader market, with 982.2 million of securities valued at S$1.2 billion changing hands The…
Business
Bloomberg terminal suffers outage, delays UK gilt sale - UK DMO, traders
News and data company Bloomberg suffered an outage to its terminal for financial professionals on Wednesday (May 21), which disrupted…
Business
Bloomberg terminal back up after outage affects European bond sales
— News and data company Bloomberg said its systems were returning to normal on Wednesday (May 21) after a brief disruption earlier in the…
Business
TikTok Shop US Employees told to work from home as layoffs loom
TikTok told US e-commerce staff to work from home on Wednesday (May 21) while awaiting emails regarding “difficult decisions,” suggesting…
Business
Should SingPost divest its headquarters building?
The share price of Singapore Post (SingPost) said it all about investors’ attitude towards the national postal service provider’s latest…
Business
Time’s not ripe for SingPost to sell its flagship building
The share price of Singapore Post (SingPost) said it all about investors’ attitude towards the national postal service provider’s latest…
Business
CATL’s 1.8-billion euro German plant boosts China’s invest-abroad bet
[SINGAPORE/BERLIN] More than two years ago on the outskirts of a medieval German town, China’s biggest EV battery company placed a…
Business
Yoma Strategic’s H2 profit falls 12.4% to US$18.3 million
Yoma Strategic Holdings posted a 12.4 per cent decline in net profit for the second half-year ended Mar 31 to US$18.3 million, from…
Business
Julius Baer faces US$156 million loan loss charge
Julius Baer Group said it’s booking another large loss from property developments it helped finance, just as the Swiss wealth manager is…
Business
Britain's M&S says cyberattack to cost US$400 million
British retailer Marks & Spencer said on Wednesday (May 21) a “highly sophisticated cyber” attack would cost it about US$403 million in…
Business
Singapore’s ultra-rich among wealthy Asians snapping up property in Dubai
Property cooling measures may have dampened housing demand here, but Singapore’s ultra-rich are among high net-worth individuals (HNWI)…