Culture
Review of Optus emergency calls outage finds process, accountability gaps in Singtel unit
The report finds that ‘challenges in Optus’ culture’ affected decision-making and response times[SINGAPORE] An independent review into Optus’ major September outage has uncovered gaps in process, accountability, and escalation...
Pop Mart’s 40% stock rout shows growing worry over Labubu crash
Concerns remain whether Labubu is a durable long-term character or a fashion trendLABUBU mania appears to be ebbing as quickly as it surged, driving a roughly 40 per cent...
Binance weighs US strategy as billionaire Zhao regains clout
Binance has positioned Yi He’s promotion, who is Zhao’s partner, as a sign of stabilityCHANGPENG Zhao has unfinished business.The billionaire co-founder of Binance has stepped back into the spotlight,...
Oil rises as Trump’s Venezuela blockade takes edge off global crude surplus concerns
[NEW YORK] Oil prices rallied by more than 1 per cent on Wednesday after US President Donald Trump ordered a blockade of all oil tankers under sanctions entering and leaving Venezuela, raising...
European equities muted as tech valuation concerns linger; UK markets outperform
EUROPEAN shares were little changed on Wednesday with losses in technology stocks offsetting strong performance from basic resources amid lingering concerns over sky-high, AI-fuelled tech valuations.UK markets, meanwhile, advanced after...
US stocks closes lower as AI funding jitters drag tech stocks
WALL Street’s main indexes closed lower on Wednesday, with the S&P 500 and the tech-heavy Nasdaq sinking to three-week lows as nagging worries about the artificial intelligence trade weighed...
Chinese chip firms line up for Hong Kong listings in coming weeks
[HONG KONG] At least six Chinese companies related to artificial intelligence are set to go public in Hong Kong in the coming weeks, people familiar with the matter said,...
HG Metal subsidiary to buy industrial property in Tuas for S$20.8 million
[SINGAPORE] A unit of steel distributor HG Metal Manufacturing has exercised an option to purchase (OTP) to acquire an industrial property in Tuas for S$20.8 million, a move that...
Singapore stocks slip despite improved 2026 growth outlook; STI down 0.1%
[SINGAPORE] Singapore stocks ended lower on Wednesday (Dec 17), even as private-sector economists turned more optimistic about the Republic’s growth outlook for 2026.The benchmark Straits Times Index fell 0.1...
Warburg Pincus invests in corporate services firm Acclime, valuing it at US$1 billion
The private equity firm beat rivals Carlyle Group, Blackstone, KKR and TPG in a bidding race[SINGAPORE] American private equity firm Warburg Pincus on Wednesday (Dec 17) announced that it...
