Business
Rivian spins out startup focused on small, lightweight electric vehicles
Rivian, known for its large electric trucks, is setting its sights on small and lightweight vehicles. The Irvine-based automaker said…
Swedan Margen
Swedan Margen contributes to Cosmopolitan Canada across fashion, style, culture, and entertainment.
The work spans trend coverage, cultural conversation, and stories drawn from the publication's editorial partners, with source attribution provided within individual articles where applicable.
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Business
China bubble tea chain Mixue profits spike 40% in 2024
Chinese bubble tea and drinks firm, Mixue Group, which has surpassed McDonald’s and Starbucks in store count to become the world’s largest…
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California in settlement talks with Uber, Lyft over wage theft claims
In early 2020, thousands of drivers — led by Southern California advocacy group Rideshare Drivers United — filed claims with the state…
Business
UMS Integration, Grand Venture Technology get nods for secondary listing in Malaysia
The two semiconductor players want to list across the Causeway, where initial public offerings have been on the rise SINGAPORE-LISTED UMS…
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Wall Street bonuses jump 32% as total surges to record
One in every 11 jobs in the city is either directly or indirectly associated with the securities industry Wall Street banker bonuses rose…
Business
Pop Mart profit more than doubles driven by Labubu-doll craze
The resultant strong overseas sales have turned Pop Mart into one of the hottest stocks, with shares up 350 per cent in the past year Pop…
Business
Defence contractor sold for 1 euro is one of Europe’s hottest stocks
A 1 euro bet on a struggling Austrian engine maker has turned into one of the hottest investments in Europe thanks to the boom in defence…
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Forecast for boxship freight rates draws mixed views from industry watchers
Meanwhile, containership capacity is projected to rise by 6% a year, or 10-15% should the Red Sea become safe for sailing through Would…
Business
DBS leading race to buy controlling stake in Indonesia's Panin Bank
DBS Group, South-east Asia’s top bank by assets, is the frontrunner to buy a controlling stake in Indonesia’s Panin Bank, three people…
Business
ECB pushes back against calls for looser bank rules
The European Central Bank (ECB) has pushed back against calls to loosen rules for eurozone banks despite fears they could fall behind US…
Business
ST Engineering and HTX form JV company with initial capital of S$10 million
The JV company, Codex Solutions, will focus on developing and maintaining in-house software capabilities for the Home Team ST…
Business
Trust Bank rolls out anti-scam feature money lock
Trust Bank announced the roll-out of its money lock feature, Trust Lock, for customers on Wednesday (Mar 26). This allows Trust customers…
Business
Couche-Tard sees strong interest in US stores for Seven & I deal
[MONTREAL, TOKYO] Private equity firms are showing strong interest in buying about 2,000 North American convenience stores that could be…
Business
China floods the world with AI models after DeepSeek’s success
DeepSeek did more than just show the artificial intelligence (AI) industry that you do not have to spend billions to build AI. It fired up…
Business
FCT’s private placement raises S$220 million to finance Northpoint City deal, repay debt
Frasers Centrepoint Trust (FCT) closed its upsized private placement at S$2.09 apiece, raising around S$220 million in gross proceeds with…
Business
Airlines booking jet repairs years in advance shows supply pain
Airlines are booking in their planes for maintenance years ahead of time in order to secure a slot as supply chain issues crimp the…
Business
OCBC group chief executive Helen Wong’s pay in FY2024 up 5.8% to S$12.8 million
OCBC group chief executive officer Helen Wong received S$12.8 million in total remuneration for the financial year ended December, up 5.8…
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Apple poised to unveil new software at Jun 9 developers event
Major enhancements and improvements to the company’s AI features are not expected until later Apple plans to hold its annual Worldwide…
Business
Trump’s World Liberty Financial crypto venture to launch stablecoin
Donald Trump’s World Liberty Financial crypto venture will launch a US dollar-pegged stablecoin, it said in a statement on Tuesday, after…
Business
US: Wall St opens slightly higher after Trump-led rally
Wall Street’s main indexes edged up on Tuesday (Mar 25) as investors assessed implications of impending reciprocal tariffs on the heels of…
Business
Haidilao operator Super Hi back in the red with US$11.6 million loss in Q4
SUPER Hi International, the operator of hot pot restaurant Haidilao, recorded a net loss of US$11.6 million for the fourth quarter ended…
Business
Cold Storage, Giant in Singapore to focus on ‘superior’ customer service, elevated offerings: buyer Macrovalue
As the acquirer reaps economies of scale from larger import volumes, consumers can expect cheaper prices and a wider range of products in…
Business
Nanofilm takes out 50 million yuan loan to fund Chinese subsidiary
Nanofilm Vacuum Coating (Shanghai), a wholly owned subsidiary of mainboard-listed Nanofilm Technologies, has obtained a 50 million yuan…
Business
Size and sponsor matter for investors in new S-Reit listings, say observers
One analyst notes that many are wary of locally listed Reits with foreign assets, due to higher cost of capital and potential market…