News
Volkswagen is cutting thousands of jobs but still dwarfs global rivals
Job cuts are coming thick and fast from Volkswagen (VW). Just since December, it’s announced plans to reduce its German workforce by…
Tag
Global
News
Airlines question Heathrow readiness after shutdown sparks global flight chaos
Britain’s Heathrow Airport was shut on Friday (Mar 21) after a huge fire at a nearby substation knocked out its power, stranding…
News
Gold unchanged near record high as global uncertainties raise demand
Gold held steady on Friday (Mar 21) to trade below its record high hit in the previous session, supported by safe-haven demand arising…
Business
Europe: Shares slip after global central banks flag economic uncertainty; Switzerland cuts rates
EUROPEAN shares closed lower on Thursday, after four sessions of gains, as investors booked some profits and assessed interest rate…
Business
Singapore financial sector may cut hiring amid volatile markets, global bank layoffs
The recent series of job cuts underscore the challenges lenders are grappling with; US banks’ layoffs could ripple through to Singapore…
Politics
EU urged to align sustainability due diligence with global standards
While the coalition acknowledges the European Commission's initiative to simplify due diligence for businesses, it cautions against any…
Business
Global funds exiting South-east Asia as Indonesia sell-off hurts safe haven appeal
Once touted as a haven for investors to navigate Donald Trump’s tariff wars, South-east Asia has all but lost that appeal as a region-wide…
News
We Must Restore the U.S. Agency for Global Media, Not Eliminate It
Repressive regimes have failed to block the agency’s promotion of freedom around the world. Doing so ourselves could have drastic…
Business
Stocks to watch: OCBC, CDL, SingPost, Food Empire, SingLand, Aztech Global
THE following companies saw new developments that may affect trading of their securities on Wednesday (Feb 26): OCBC: The lender on…
Business
Shell expects 60% rise in global LNG demand by 2040 as Asia leads growth
GLOBAL demand for liquefied natural gas is estimated to rise by around 60 per cent by 2040, driven largely by economic growth in Asia, AI…
Business
Aztech Global H2 profit falls to S$23.9 million on lower sales but group doubles dividend
DESPITE its profit dropping from S$57.1 million to S$23.9 million in the second half of 2024, Aztech Global almost doubled its dividend…
Politics
Vietnam adds to global steel turmoil with tariffs hitting China
Outside China itself, Vietnam is the biggest single buyer of Chinese steel, and hot-rolled coil is a major export product VIETNAM will…
Politics
Trump administration cuts 2,000 USAID jobs in global shakeup
The Trump administration announced Sunday it is eliminating 2,000 positions at the U.S. Agency for International Development (USAID) and…
Business
China's EV maker XPeng eyes doubling global presence by year's end
X9 electric vehicles by Chinese EV manufacturer XPeng, waiting to be loaded on a ship headed for Thailand (Pedro Pardo) One of China's…
Business
Far East Hospitality Trust expands mandate to global investments, adjacent lodging asset classes
FAR East Hospitality Trust (FEHT) will have an expanded mandate to invest in new geographical markets and asset classes, effective 30 days…
Business
TikTok cuts trust and safety jobs in Singapore as part of global layoffs
AT LEAST a dozen TikTok employees in Singapore were let go with immediate effect, as the firm trimmed its back-end teams globally to…
Business
Growth in global private equity deal flow may be slower than expected this year: Preqin
INVESTORS forecasting a quick uptake in global private equity (PE) activity this year may be disappointed, especially if the gap in…
Business
‘Significant’ investor interest in South-east Asia’s wellness real estate sector amid global boom: CLI
INVESTOR interest in wellness real estate is steadily on the rise and South-east Asia offers significant opportunities within its health…
Business
Stocks to watch: Seatrium, SingPost, Sasseur Reit, CSE Global, United Hampshire US Reit
THE following companies saw new developments that may affect trading of their securities on Thursday (Feb 20). Seatrium: It announced on…
News
Global glacier melt is accelerating, scientists say
Ice loss from the world's glaciers has accelerated over the past decade, scientists said on Wednesday, warning that melting may be faster…
Business
CSE Global records S$235.3 million in new Q4 orders
SYSTEMS integrator CSE Global has secured S$235.3 million worth of new orders for the fourth quarter ended Dec 31, 2024. In a bourse…
Business
HSBC expects cost-cutting drive to hit less than 8% of global headcount
HSBC chief executive officer Georges Elhedery has said that the impact on the bank’s global headcount arising from its drive to cut costs…
Politics
How Trump’s One-for-One Tariff Plan Threatens the Global Economy
The world economy was already grappling with a perplexing assortment of variables, from geopolitical conflicts and a slowdown in China to…
Business
Meta layoffs hit Singapore as tech giant cuts global workforce
JOB cuts by social media giant Meta have hit Singapore, according to public posts on professional networking platform LinkedIn and sources…