Fashion
UK minister aims for ‘timely sale’ of Telegraph to Daily Mail owner
DMGT said the deal would comply with Britain’s Foreign State Influence regime to block foreign state control of UK newspapers[LONDON] British culture minister Lisa Nandy said on Monday she...
Telefonica to cut 5,000 jobs to slash costs, union says
The cuts, affecting about a fifth of the carrier’s Spanish workforce, will apply to three Telefónica units[MADRID] Spain’s largest telecommunications operator Telefonica aims to cut at least 5,040 jobs...
Wee Hur Holdings prices S$30 million notes due 2030 at 4.8%
[SINGAPORE] Property developer Wee Hur on Monday (Nov 24) launched and priced S$30 million worth of fixed-rate notes due in 2030 at 4.8 per cent.Pursuant to Wee Hur’s S$500...
China’s Unipec agrees to jet fuel term supply deal with Lufthansa
[SINGAPORE] China’s state oil trader Unipec, a vehicle of refining giant Sinopec Corp, has signed a term deal to supply about 60,000 metric tons of jet fuel to Lufthansa...
JTC, NUS to explore setting up new facility on Jurong Island to test green data centre innovations
Separately, refiner Aster will invest US$150 million in a new gas turbine, and inks deal to produce low-carbon hydrogen[SINGAPORE] Industrial landlord JTC and the National University of Singapore (NUS)...
Singapore stocks rise amid mixed regional trading; STI up 0.6%
Across the broader market, gainers outnumber losers 336 to 238 after 2.1 billion securities worth S$3.2 billion change hands[SINGAPORE] Singapore stocks ended higher on Monday (Nov 24) amid mixed...
Revolut’s valuation hits US$75 million as it completes fundraising
[SINGAPORE] Digital bank Revolut has concluded fundraising – comprising secondary share sales for employees and fresh capital – bringing its valuation to US$75 billion.Investors that led the fundraising round...
DBS said to revise Alliance Bank offer proposal to 30% stake
It made the decision after failing to get approval for its initial request to buy as much as 49%[SINGAPORE] Singapore’s biggest bank has withdrawn an application to start talks...
Dubai property frenzy sets developers on a US$6 billion debt spree
From Islamic bonds to private credit, they ride one of the Gulf country’s longest real estate booms in years[DUBAI] Property developers in the United Arab Emirates are raising billions...
Alibaba’s main AI app debuts strongly in effort to rival ChatGPT
The Chinese e-commerce leader’s Qwen is among the faster risers, particularly in China[HONG KONG] Alibaba Group Holding’s Qwen app drew more than 10 million downloads in the week after...
Singapore court clears way for US$2.7 billion suit against Stanchart in 1MDB scandal-linked claim
Claims involve alleged US$150 million deposit to Najib Razak and US$77 million for Rosmah’s bags and jewellery[SINGAPORE] The Singapore High Court has dismissed an application by Standard Chartered Bank...
