Business
Nissan is awash in outdated models as car buyers look elsewhere
WAITING times for Nissan Motor cars in Japan have shrunk far below those of other local brands, the latest sign of weak customer demand…
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Business
Business
Microchip says it will shut Arizona plant, updates outlook
MICROCHIP Technology, a maker of chips for cars, consumer devices and other products, said it would close a plant in Tempe, Arizona,…
Business
Amazon debuts tools to make data centres less power hungry
AMAZON.COM’s cloud unit is rolling out components it says will make data centres run more efficiently, a move that could help address the…
Business
Russian tourist dies after being swept away by massive wave while doing yoga in Thailand
A Russian tourist visiting Koh Samui, Thailand, died after she was swept away by a massive wave on Friday as she was doing yoga on a rock…
Business
GM to sell its stake in Michigan EV battery plant to LG Energy
GENERAL Motors (GM) is selling its stake in an electric vehicle (EV) battery plant in Lansing, Michigan, to South Korean partner LG Energy…
Business
Nike to shut down virtual sneaker label RTFKT under new CEO
NIKE is shutting down its digital sneaker division RTFKT as the world’s largest athletic-wear company realigns priorities under a new…
Business
Spanish deliver company Glovo to employ riders on a permanent basis
A Glovo delivery rider drives through the city. Glovo, the Spanish subsidiary of the German food delivery service Delivery Hero, is to…
Business
German union announces strikes at fast-food chains
The German food and catering union NGG has announced strike action in the run-up to Christmas at what the industry calls system catering…
Business
Billionaires plan major new city for 2060
Indonesian billionaires are embarking on an ambitious $16 billion project to transform a formerly impoverished area of North Jakarta into…
Business
Sanofi announces biggest China investment deal amid China-EU trade tensions
China is seeking to strengthen economic ties with individual members of the European Union Sanofi plans to invest around US$1.05 billion…
Business
Castle Water to offer £4 billion equity to rescue Thames Water
Castle Water will offer to inject £4 billion (S$6.82 billion) into Thames Water this week to help save the beleaguered utility from…
Business
Intel CEO Gelsinger leaves as chipmaker’s turnaround flounders
INTEL chief executive officer Pat Gelsinger, who was hired in 2021 to lead an ambitious turnaround of the iconic chipmaker, will leave the…
Business
This airline will soon receive its first Airbus A321XLR
Qantas is getting closer to receiving its initial Airbus A321XLR, which is beginning final assembly at the Airbus plant in Hamburg,…
Business
US: Wall St opens slightly higher as caution prevails in data-packed week
Wall Street’s main indexes opened flat-to-higher on Monday (Dec 2), with focus on a slew of economic data this week, while Intel shares…
Business
CapitaLand Malaysia Trust to acquire Selangor logistics property for RM180 million
CAPITALAND Malaysia Trust (CLMT), a subsidiary of CapitaLand Investment, has entered into a sale-and-purchase agreement to acquire a…
Business
St James's Place to cut around 500 jobs, source says
The cuts represent nearly a sixth of the company’s workforce of around 3,200 people British wealth manager St James’s Place is planning to…
Business
Delivery firm Glovo riders in Spain to become employees
App-based food delivery firm Glovo's freelance riders in Spain will be hired as employees following pressure from the government to give…
Business
EQT and GIC to acquire majority stake in UK’s Calisen from consortium of investors
PRIVATE equity firm EQT and Singapore’s sovereign wealth fund GIC will acquire a majority stake in UK’s Calisen, more than four years…
Business
Volkswagen workers initiate warning strikes
Volkswagen employees across Germany have begun warning strikes, over potential mass layoffs, wage reductions and the threat of plant…
Business
New US solar tariffs on South-east Asia to raise prices, cut profit margins
A NEW round of US solar panel import tariffs on South-east Asian producers is expected to raise consumer prices and cut into producer…
Business
Dasin Retail Trust seeks court order to restrain proceedings against it for 6 months
This will prevent any resolution for the winding-up of the company to pass, along with the commencement or continuation of any proceedings…
Business
Yangzijiang Shipbuilding bags US$2.63 billion in contracts
This takes the group’s shipbuilding contracts to US$14.3 billion in the year to date MARITIME vessel maker Yangzijiang Shipbuilding said…
Business
Yangzijiang Shipbuilding bags US$2.6 billion in contracts
This takes the group’s shipbuilding contracts to US$14.3 billion in the year to date MARITIME vessel maker Yangzijiang Shipbuilding said…
Business
Hong Kong’s HKBN gets rival takeover interest from I Squared Capital
HONG Kong telecommunications company HKBN said on Monday (Dec 2) it has received a rival non-binding indication from US private equity…