Business
WW International stock tumbles as WeightWatchers files for Chapter 11 bankruptcy protection
WeightWatchers said Tuesday it is filing for Chapter 11 bankruptcy protection to eliminate $1.15 billion in debt and focus on its…
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Business
Business
Disney to Build a Magic Kingdom Theme Park in Abu Dhabi
Mickey Mouse is headed to the Middle East. In a new test for its singularly American brand, the Walt Disney Company said on Wednesday that…
Business
Grab looks to strike a deal to acquire Indonesia’s GoTo in Q2: sources
[SINGAPORE,HONG KONG] US-listed ride-hailing and food delivery firm Grab is looking to strike a deal to take over smaller Indonesian rival…
Business
Arsene Wenger proposes change to offside rule after
Trials of the system have taken place in Italian youth football, and Wenger said further trials will happen before a final decision, which…
Business
New York Times Adds 250,000 Digital Subscribers
The New York Times Company said on Wednesday that it added 250,000 digital-only subscribers in the last quarter, and that digital…
Business
Geely plans bid to take Zeekr private at value of US$6.4 billion
The proposal would see Geely buy all shares in US-listed Zeekr Intelligent Technology Holding that it does not already own for US$2.566…
Business
Amara, Ban Leong pick IFAs for privatisation offers
Hotel group Amara and technology products distributor Ban Leong Technologies on Wednesday (May 7) separately announced that they have…
Business
Singapore stocks track regional gains on Wednesday; STI up 0.1%
Local stocks ended higher on Wednesday (May 7), tracking gains in the region. The benchmark Straits Times Index (STI) gained 0.1 per cent…
Business
Potential solar boom in South-east Asia an opportunity to invest in storage systems
In the face of punishing solar tariffs from the US, South-east Asia has a silver lining: a glut in the supply of photovoltaic panels could…
Business
UOB halts earnings guidance amid macro uncertainties, but remains ‘committed’ to S$3 billion capital return plan
Singapore’s third-largest lender UOB will suspend its 2025 earnings guidance, with plans to resume this once the macroeconomic situation…
Business
Alibaba, Xiaohongshu in tie-up as China e-commerce competition intensifies
Chinese e-commerce giant Alibaba is partnering with popular content platform Xiaohongshu to allow users on Xiaohongshu to directly click…
Business
Singapore’s aviation sector a ‘bright spot’ as air passenger traffic hits record 68.4 million: Chee Hong Tat
With air passenger traffic reaching an all-time high of 68.4 million for the year ended March 2025, the Republic’s aviation industry…
Business
WeightWatchers Files for Bankruptcy to Reduce $1 Billion in Debt
WeightWatchers, a 62-year-old health and wellness company that has faced stiff competition from new weight-loss drugs and programs, filed…
Business
What to Watch at the Federal Reserve’s May Meeting
The Federal Reserve is set to extend its pause on interest rate cuts on Wednesday amid concerns that President Trump’s tariffs will…
Business
John Rhys-Davies to Star in Horror Creature Feature ‘Bone Keeper,’ With REinvent Handling World Sales (EXCLUSIVE)
International sales agency REinvent has boarded horror creature feature “Bone Keeper,” starring John Rhys-Davies, who is best known for…
Business
Singapore-based biotech firm Nuevocor raises US$45 million in Series B round
Biotechnology company Nuevocor announced on Wednesday (May 7) that it completed a US$45 million Series B funding round from new and…
Business
Former Pavilion Energy chief Alan Heng to lead Singapore’s new central gas entity
The formation of Singapore GasCo is a “major milestone” in Singapore’s energy transition, says the EMA Singapore has established a new…
Business
Push to allow Norway's wealth fund to invest in defence companies falters
Opposition efforts to allow Norway’s US$1.8 trillion wealth fund, the world’s largest, to invest in large defence companies appear to be…
Business
Alpine: Franco Colapinto replaces Jack Doohan
The decision for Colapinto to replace Doohan has been expected since last weekend's Miami Grand Prix but the plan to effectively give the…
Business
Mitsubishi Motors signs MOU to outsource EV model development to Foxconn unit
Japanese automaker Mitsubishi Motors and Foxconn subsidiary Foxtron Vehicle Technologies have signed a memorandum of understanding (MOU)…
Business
Amazon’s Zoox to scale up robotaxi production for US expansion
ON’S self-driving start-up Zoox will increase production next year as it ramps up plans for a commercial rollout of its robotaxi fleet in…
Business
Hong Kong dollar interest rate falls most since 2008 after intervention
The Hong Kong dollar’s funding costs plunged the most since 2008, as the monetary authority’s intervention to defend the currency peg…
Business
Lucien Pagès Communication, AIPR Partner on New Agency
LONDON — Lucien Pagès Communication and fellow agency AIPR are joining forces in an ever-more competitive climate for fashion and…
Business
EXCLUSIVE: More Executive Changes for Flos B&B Group as Arclinea Family CEO Steps Down
MILAN — Italian luxury design conglomerate Flos B&B Italia Group, which is said to be in the throes of a major phase of restructuring, on…