Business
World Bank U-turn ends loan ban to Uganda over gay rights
The World Bank says it is lifting a ban on loans to Uganda that it had put in place two years ago when the country passed a draconian new…
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Business
Business
Alphabet to keep hiring engineers while AI advances
Alphabet’s chief executive officer Sundar Pichai said his company will keep expanding its engineering ranks at least into 2026, stressing…
Business
StanChart brings maximum interest rate on savings account to record 8.05%
While local banks are dropping their interest rates on savings accounts, Standard Chartered Bank (StanChart) has raised its rates to an…
Business
Vinarchy sets out winemaking investment plans
Vinarchy has unveiled a plan to “realign and strengthen” its winemaking operations in Australia. The wine major said it will create two…
Business
Procter & Gamble to cut 7,000 jobs over two years in new restructuring plan
Procter & Gamble said on Thursday (Jun 5) it would cut 7,000 jobs, or about 6 per cent, of its total workforce over the next two years, as…
Business
Acrophyte Hospitality Trust proposes disposal of Michigan hotel for US$6.7 million
Acrophyte Hospitality Trust has proposed the disposal of a hotel in the US city of Auburn Hills in Michigan for a consideration of around…
Business
China warns BYD, rivals to self-regulate as price war heats up
Chinese officials summoned the heads of major electric vehicle makers, including BYD, to Beijing earlier this week to address concerns…
Business
High Court partially allows Goh Jin Hian’s appeal, finds he did not breach duty by not probing IPP’s red flags
The High Court has partially allowed an appeal by Goh Jin Hian, a former director of insolvent marine fuel supplier Inter-Pacific…
Business
Peter Kwee, son and firm sued for over S$71 million over insolvency of Laguna club operator
Motoring tycoon Peter Kwee has been sued – along with his 55-year-old son Kevin and their firm Laguna Hotel Holdings – for allegedly…
Business
Statista, TIA to award Singapore’s Top Fintech Companies for 2026
FOR the first time, Tech in Asia and global market research firm Statista will recognise Singapore’s top fintech companies. The list will…
Business
DBS, UOB back 6.7 trillion rupiah loan facility for data centre campus in Batam’s Nongsa Digital Park
DBS and UOB have jointly provided a 6.7 trillion rupiah (S$530 million) loan facility to finance the development of a new data centre…
Business
Laopu Gold’s 2,300% rally faces test after stock hits HK$1,000
A BREATHTAKING rally in Laopu Gold is facing a critical test after its stock price hit HK$1,000 (S$164), a rare milestone that may deter…
Business
Vingroup seeks private loan to buy KKR’s stake in Vinschool
Vietnamese conglomerate Vingroup is seeking a around US$300 million private credit loan to purchase KKR’s stake of about 38 per cent in…
Business
Asia: Most markets rise as US data feeds rate-cut hopes
Asian shares mostly rose on Thursday after soft US economic data boosted expectations the Federal Reserve will soon cut interest rates and…
Business
Citi to cut 3,500 technology jobs in China as part of global revamp
— Citigroup will reduce the number of employees at two of its technology centres in China by about 3,500, the bank said on Thursday, as…
Business
Singapore Paincare up 8.3% on Sias valuation
Shares of Singapore Paincare rose on Thursday (Jun 5), a day after the Securities Investors Association (Singapore), or Sias, valued the…
Business
Gold edges higher as soft US data lifts safe-haven demand
Gold prices nudged higher on Thursday (Jun 5), as weaker-than-expected US economic data spurred demand for safe-haven assets, while market…
Business
Amazon’s delivery, logistics get an AI boost
[SUNNYVALE, California] Amazon wants customers to know that artificial intelligence is not just for writing college essays. In a series of…
Business
Stablecoin issuer Circle raises US$1.05 billion in upsized US IPO
CIRCLE Internet on Wednesday (Jun 4) priced its upsized US initial public offering (IPO) at US$31 apiece, raising US$1.05 billion, adding…
Business
Starbucks reshuffles leadership to accelerate turnaround bid
Starbucks is reorganising part of its senior ranks, looking to speed up plans to reverse a sales slump. Mike Grams, hired last year as…
Business
Tears as dog still waits for best friend to return—a year after she died
The internet is in shambles after hearing about a dog waiting for her best friend to return home, despite the child dying in April 2024. A…
Business
Mercedes, BMW step up response to China export curbs to avoid shortages
Automakers in the US and Europe raised concerns about China’s export controls on rare earth metals, as Beijing’s move threatens to disrupt…
Business
Oil settles 1% lower after US data shows large builds in fuel stocks
Oil prices settled down just over 1 per cent on Wednesday after US data showed surprisingly large build in petrol and diesel inventories,…
Business
Europe: German stocks rise on tax relief package approval; Stoxx 600 touches one-week high
EUROPEAN stocks closed higher on Wednesday, buoyed by Berlin’s approval of a 46- billion euro (S$68.2 billion) corporate tax relief…