Business
TikTok sued by 13 US states and DC, accused of harming younger users
TIKTOK faces new lawsuits filed by 13 US states and the District of Columbia on Tuesday (Oct 8), accusing the popular social media…
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
GLP Capital Partners sells ex-China assets to Ares for up to US$5.2 billion
FUND manager GLP Capital Partners (GCP) has agreed to sell its operations outside China to US-based alternative investment group Ares…
Business
PepsiCo trims sales forecast as customers tighten purse strings on snacks, sodas
PepsiCo cut its forecast for annual sales growth on Tuesday (Oct 8) as picky consumers in North America limit their spending on sodas and…
Business
China’s BYD wants to build cars in India, but has no ‘direct’ signal of investment rules easing
CHINA’S BYD wants to make cars in India but has received no “direct” signal from New Delhi on a possible easing of stringent investment…
Business
Online retailer Shein’s 2023 sales hit £1.55 billion in UK
SHEIN’S British business made £1.55 billion (S$2.6 billion) in revenue in 2023, up sharply from its previously reported results, a filing…
Business
Singapore stocks fall amid regional declines on Tuesday; STI down 0.7%
SINGAPORE stocks tracked regional declines on Tuesday (Oct 8), reversing Monday’s gains. The benchmark Straits Times Index (STI) lost 0.7…
Business
Hong Kong stocks plunge more than 9%, biggest fall in 16 years
Hong Kong’s Hang Seng Index dived 9.41%, or 2,172.99 points, to 20,926.79. Hong Kong stocks plunged more than nine per cent on Tuesday…
Business
Saudi fund trims Nintendo stake after saying it wants more
Its ownership in the company falls to 7.54% from 8.58%, a filing to Japan’s finance ministry shows SAUDI Arabia’s sovereign wealth fund…
Business
Battery maker LG Energy profit declines as global EV sales slump
THE global slowdown in electric vehicle (EV) sales has hit LG Energy Solution, with the Korean battery maker’s third-quarter profit…
Business
Gold flat as markets await Fed minutes
GOLD prices were flat in early Asian hours on Tuesday (Oct 8) as market participants awaited minutes of the US Federal Reserve’s last…
Business
Australia central bank discussed future cases for raising, lowering rates
AUSTRALIA’S central bank discussed scenarios in which the cash rate may need to be raised or cut in the future at the September policy…
Business
Banks tap Hong Kong’s discount window for most funds since 2019
HONG Kong banks borrowed the largest amount of short-term cash in almost five years from authorities, a move pointing to a sudden demand…
Business
Samsung results disappoint as AI chip gap with rivals persists
SAMSUNG Electronics posted profit and revenue that fell short of market expectations, stoking uncertainty about the outlook of its pivotal…
Business
Samsung apologises for disappointing profit as it struggles in AI chips
SAMSUNG Electronics estimated on Tuesday (Oct 8) that its third-quarter operating profit jumped nearly four-fold but missed analysts’…
Business
Saudi Arabia’s PIF to take 40% share in Selfridges stores
SAUDI Arabia’s Public Investment Fund (PIF) is set to become a minority partner in department store chain Selfridges after buying out the…
Unsorted
Google Cloud, research units collaborate to speed AI development
GOOGLE said it has seen faster progress in artificial intelligence (AI) as a result of closer collaboration between its cloud computing…
Business
FTX clear to repay customers as firms seek slice of US$1 billion
CRYPTOCURRENCY firm FTX won court approval to fully repay customers whose digital assets were locked on the platform when it imploded…
Business
Singtel must show results from NCS, Optus divisions to drive further share price growth: analysts
They are also looking for potential expansion that emanates from big ticket deals, such as the data centre agreements announced earlier…
Business
Singtel must show results from NCS, Optus divisions to help fuel share price uptrend
Analysts are also looking for potential expansion from big ticket deals, such as the data centre agreements announced earlier this year…
Business
Goldman Sachs sees high bar for IPOs easing as market broadens
THE spreading of the rally across equity markets into more than just a handful of stocks is making room for more initial public offerings,…
Business
Japan’s Nissan to invest in auto tech firm ChargeScape
JAPAN’S Nissan Motor said on Monday (Oct 7) it would invest an undisclosed amount in ChargeScape and roll out the battery charging…
Business
US: Wall Street opens lower as changing rate expectations boost yields
Wall Street’s main indexes fell at the open on Monday (Oct 7), pressured by a rally in Treasury yields as investors dialled back bets on…
Business
Saudi Arabia tees up multibillion-dollar bet on hydrogen
SAUDI Arabia has been preparing to make a multibillion-dollar bet on hydrogen, and will launch a new company to produce the low-carbon…
Business
US dollar close to 7-week high after strongest week since 2022
THE US dollar was just off its highest level in seven weeks on Monday (Oct 7) after a rally sparked by Friday’s strong US jobs data and an…