Business
Economists Face a Legitimacy Crisis
Economists have slowly eroded their reputation as an intellectual class. Is there a solution? Source link
Section
Business
Business
AmEx profit rises on resilient card spending
Provisions for credit losses were US$1.2 billion in the quarter, compared with US$1.3 billion a year earlier American Express reported a 6…
Business
Robert Jenrick adds hundreds of contacts to WhatsApp group in mix-up
Hundreds of Westminster insiders were added to - and then swiftly deleted from - a WhatsApp group set up by shadow justice secretary…
Business
Chinese tea chain Chagee CEO becomes a billionaire after US$411 million US IPO
A 30-year-old Chinese entrepreneur has become an unlikely billionaire with the listing of his sprawling tea shop chain in the US, even as…
Business
ECB cuts rates again to help economy weather erratic US trade policy
The European Central Bank (ECB) cut interest rates for the seventh time in a year on Thursday (Apr 17), looking to prop up an already…
Business
‘Fallacy’ to say OCBC does not know insurance business: board chairman
It will be a fallacy to say that OCBC does not know the insurance business, given that its insurance arm, Great Eastern Holdings (GEH),…
Business
OCBC Centre is ‘anchor’ for the bank; no plans to sell heritage site: board chairman
OCBC has no plans to sell its properties in Singapore’s central business district – and this includes the OCBC Centre, which has heritage…
Business
Retail’s Crossroads: Plotting a Course to Redefine Success
The retail industry finds itself at a critical inflection point as it grapples with a global trade war, inflationary pressures, shifting…
Business
Blackstone's Q1 profit beats on robust private equity, credit performance
Blackstone reported a higher-than-expected profit for the first quarter on Thursday (Apr 17), driven by proceeds from asset sales across…
Business
Toby Carvery owner 'sorry' for felling ancient Enfield tree
Toby Carvery's owner has apologised after the company felled an ancient oak tree and admitted "we need to tighten our protocols" in a…
Business
Startup contest seeks sustainable solutions to AI's energy demands
A new contest is searching for solutions to a defining problem of the AI era: soaring energy consumption. The Energy Innovation for AI…
Business
Singapore shares settle higher on Thursday; STI extends rally, up 1.6%
The benchmark index’s gains mirror major regional indices, such as the Kospi, which rose 0.9% The Straits Times Index (STI) continued to…
Business
Tariff-fuelled volatility killing private equity optimism as deal flows squeezed
In just three months, private equity markets’ initial optimism for a busier year has largely dissipated. Instead, the turmoil unleashed on…
Business
Luxury brand Hermes to pass on tariff costs to US clients as sales growth slows
France’s Hermes will fully shift the burden of tariffs in the US to its wealthy clientele, the company said on Thursday (Apr 17), as it…
Business
SIA launches joint fare products with All Nippon Airways on Singapore-Japan flights
Singapore Airlines (SIA) and All Nippon Airways (ANA) will begin operating revenue-sharing flights between Singapore and Japan from…
Business
Swiss Watch Exports Return to Growth As China Slump Slows In March
PARIS — Is it the inflection point for Swiss watches? Exports in March grew by 1.5 percent in value to 2.1 billion Swiss francs despite a…
Business
EXCLUSIVE: Ulta Beauty Appoints Lauren Brindley as Chief Merchandising and Digital Officer
Ulta Beauty has appointed Lauren Brindley as its new chief merchandising and digital officer, effective June 3. Brindley, who most…
Business
Paebbl opens ‘world’s first’ demo plant that turns CO2 into dust
Paebbl has opened its first demo plant in Rotterdam as it looks to ramp up its carbon capture technology. When we visited Paebbl’s…
Business
'Fake bank app allowed scammers to shake my hand and steal from me'
Nathan Heath BBC West Investigations A man who lost £1,000 worth of tools after being scammed by a fake banking app has said it makes you…
Business
India’s IDFC First Bank to raise 75 billion rupees from Warburg Pincus, Adia
The Mumbai-based lender will issue 1.25 billion preference shares to the investors First Bank has approved a plan to raise 75 billion…
Business
ECB to cut rates again to help economy overcome trade turmoil
The European Central Bank (ECB) is expected to cut interest rates for the seventh time in a year on Thursday (Apr 17), looking to prop up…
Business
Asia: Markets boosted by ‘Big Progress’ in Japan tariff talks
Tokyo led stocks higher on Thursday (Apr 17) as optimism over Japan-US trade talks offset Federal Reserve boss Jerome Powell’s warning…
Business
At Watches and Wonders 2025, Executives Work Through Macro Complications
GENEVA — The latest edition of the Watches and Wonders fair was ready to symbolize the watchmaking industry’s rebound. Rallying after a…
Business
EXCLUSIVE: Autry Opens First Flagship in London’s Soho
MILAN — Autry, the sneakers brand rooted in the vintage Americana aesthetic, is making its retail debut. The footwear label, best known…