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…
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Business
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)…
Business
M&S online services to face disruption until July
Marks & Spencer has said its online services will continue to be disrupted until July due to last month's cyber-attack. Customers have…
Business
Covid-19 testing demand surges as cases spike across Asia
Phase Scientific has developed the world’s first urine-based human papillomavirus test, and is planning to expand that business globally…
Business
TNW Backstage dives into brain-computer interfaces
TNW Backstage returns this week to explore one of tech’s most fascinating frontiers: brain computer-interfaces (BCIs). The capabilities of…
Business
Implementing AI in the Beauty Category to Scale With Speed
AI isn’t just a buzzword. It’s an industry-wide transformation. At WWD’s annual Beauty CEO Summit, David Greenberg, chief executive…
Business
Saudi Arabia’s Ambitions for the Next Generation of Creative Leaders
RIYADH — Istituto Marangoni will open its doors in Riyadh this August, becoming the first international fashion school with a permanent…
Business
CGSI flags global expansion potential for Pop Mart, maker of Labubu toys; initiates coverage
[Hong Kong] CGS International (CGSI) has initiated coverage on Pop Mart’s stock with an “add” rating, citing the group’s transformation…
Business
Labubu maker Pop Mart flagged for global expansion potential; CGSI initiates coverage
[Hong Kong] CGS International (CGSI) has initiated coverage on Pop Mart’s stock with an “add” rating, citing the group’s transformation…
Business
Fires cause record loss of tropical forests in climate threat
Mark Poynting and Esme Stallard BBC Climate & Science The world's tropical forests, which provide a crucial buffer against climate change,…
Business
Nvidia says US export controls on AI chips to China were ‘a failure’
The world’s second-largest economy to invest aggressively to develop a supply chain that does not rely on manufacturers outside the…
Business
Nvidia CEO praises Trump move to scrap some AI export curbs
US export controls on artificial intelligence (AI) chips to China were “a failure” as they have cost American companies billions of US…
Business
Toyota takes all-hybrid plunge with its best-selling US vehicle
Toyota Motor is scrapping the petrol-powered version of its best-selling vehicle in the US as the Japanese carmaker doubles down on its…
Business
Belgian AI startup says it can automate 80% of work at ‘expert firms’
Belgium-based Ravical has secured €7.3mn in pre-seed funding to bring AI agents to professional services firms in tax, legal, accounting,…
Business
Vietnam approves establishment of Sun PhuQuoc Airways
Vietnam’s Prime Minister, Pham Minh Chinh, has approved the establishment of a new airline, Sun PhuQuoc Airways, the official Vietnam News…