Politics
DOGE Loses Shady Battle to Take Over $500 Million Nonprofit Building
A federal judge on Monday struck down the Department of Government Efficiency’s takeover of the U.S. Institute of Peace, saying that…
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News
Trump Agrees to Pay $5 Million to Family of January 6 Rioter
The settlement reverses a 2021 DOJ finding that Babbitt’s civil rights were not violated and it was reasonable for the officer who shot…
Business
Jumbo’s H1 profit down 10.6% at S$7.9 million amid heightened F&B competition
Restaurant operator Jumbo Group reported a 10.6 per cent decline in profit to S$7.9 million for the six months ended March 31, down from…
Business
SIA Engineering H2 net profit up 87.3% at S$70.8 million
SIA Engineering (SIAEC) reported an 87.3 per cent jump in net profit to S$70.8 million for the six months ended March 2025 from S$37.8…
Business
UMS Integration Q1 earnings nearly flat at S$9.8 million
Semiconductor player UMS Integration on Friday (May 9) reported profit of S$9.8 million for the first quarter ended Mar 31, 2025, almost…
Business
StarHub Q1 profit falls 18.4% to S$31.8 million
Telco StarHub on Friday (May 9) reported profit of S$31.8 million for the first quarter ended Mar 31, 2025, sliding 18.4 per cent from…
Business
Sembcorp, Aster sign over S$650 million in energy and utilities deals for regional projects
Both also ink an MOU to explore strategic initiatives across Singapore, Indonesia and rest of South-east Asia Energy provider Sembcorp…
Business
SEC seeks to settle legal fight with Ripple Labs for US$50 million
The SEC has dismissed or paused several other legal cases and investigations targeting crypto companies since US President Donald Trump…
Business
F&N H1 net profit rises 0.3% to S$84.1 million as tax incentive expires
Fraser and Neave (F&N) posted a 0.3 per cent rise in net profit to S$84.1 million for its first half ended Mar 31, from S$83.8 million a…
Business
Frasers Property H1 profit rises 147.6% to S$142.2 million on tax reversal
Frasers Property posted a 147.6 per cent jump in net profit to S$142.2 million for the first half ended Mar 31, 2025, from S$57.4 million…
Business
Far East Orchard Q1 net profit more than doubles to S$17.3 million
Hospitality and student housing player Far East Orchard’s net profit more than doubled to S$17.3 million for the first quarter ended Mar…
Business
Great Eastern reports 13% higher Q1 profit of S$345.5 million
Great Eastern on Thursday (May 8) posted a 13 per cent year-on-year increase in profit to S$345.5 million for the first quarter ended…
Business
Riverstone Q1 profit slides 21.8% to RM56.4 million despite higher revenue
Lower gross profit margin due to higher raw material cost, foreign exchange and change in market demand dynamics, says the group Glove…
Business
Singapore’s aviation sector a ‘bright spot’ as air passenger traffic hits record 68.4 million: Chee Hong Tat
With air passenger traffic reaching an all-time high of 68.4 million for the year ended March 2025, the Republic’s aviation industry…
Business
Singapore-based biotech firm Nuevocor raises US$45 million in Series B round
Biotechnology company Nuevocor announced on Wednesday (May 7) that it completed a US$45 million Series B funding round from new and…
News
Second $60 million fighter jet lost by US Navy in Red Sea: Report
A second F/A-18 Super Hornet fighter jet has been lost in the Red Sea from USS Harry S. Truman, CNN reports on Tuesday. Newsweek has…
Business
Acrophyte Hospitality Trust Q1 revenue falls 7.7% to US$33.5 million
Acrophyte Hospitality Trust’s revenue for the first quarter of 2025 fell 7.7 per cent to US$33.5 million, from US$36.2 million in Q1 2024.…
Business
Credit Suisse Pays $510 Million Fine for Helping Clients Evade Taxes
The toll for misconduct at the fallen Swiss bank Credit Suisse just keeps getting bigger. Federal prosecutors said on Monday that UBS,…
Business
Credit Suisse to pay US$511 million as part of agreement with US DOJ in tax evasion case
A CREDIT Suisse unit on Monday pleaded guilty to US charges of helping ultra-wealthy Americans evade taxes and will pay a fine of more…
News
Brazil Police Foil Horror Bomb Threat at Lady Gaga's Concert at Copacabana Beach Attended by 2.1 Million People as They Arrest Mastermind
Police in Rio de Janeiro thwarted a bomb attack that was allegedly planned to target Lady Gaga's landmark concert at Copacabana Beach,…
Politics
Ukraine said it downed fighter jets with drone boats for the 'first time in history,' destroying two $50 million Russian aircraft
Ukraine said it shot down fighter jets with naval drones for the "first time in history." Ukraine's military intelligence service said it…
Business
Cubs Predicted to Acquire $56 Million 'Workhorse' At Trade Deadline
By Aaliyan Mohammed is a Newsweek contributor based in Atlanta, GA. His focus is MLB content. Aaliyan has been with Newsweek since 2024…
Business
TikTok fined 530 million euros in EU over China data transfer
TikTok was hit with a massive EU fine of 530 million euros (S$779 million) on Friday (May 2), accused of sending personal data of…
Business
CICT sells stake in CapitaSpring serviced residence component for S$37.8 million
The manager of CapitaLand Integrated Commercial Trust (CICT) on Friday (May 2) announced the sale of its stake in the serviced residence…