Business
US: Dow ends down, S&P 500 flat as Powell says December rate cut far from assured
The Dow ended lower and the S&P 500 finished flat on Wednesday after the Federal Reserve cut interest rates but Fed Chair Jerome Powell…
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Business
Business
Europe: Shares pause at highs after earnings
EUROPE’S Stoxx 600 was muted on Wednesday as investors awaited the US Federal Reserve’s rate decision later in the day, while parsing…
Business
US Fed cuts rates by 0.25%, Powell signals December move ‘far from’ certain
US Federal Reserve chair Jerome Powell cautioned investors against assuming the US central bank would follow its second straight…
Business
Oil settles higher on large drop in US stockpiles, trade optimism
Oil prices rose on Wednesday after data showed US crude and fuel inventories drew down more than expected last week, and as US President…
Business
Cameo sues OpenAI for trademark infringement
OpenAI, which faced a fierce blowback in Hollywood last month as images of celebrities and dead newsmakers were manipulated without…
Business
Michelle Miller and Dana Jacobson: CBS Fires Two More Hosts as It Cancels 28-Year-Old 'CBS Saturday Morning' as Mass Layoffs Continue
CBS News has fired two of its TV hosts following the cancellation of their Saturday morning show. Anchors Michelle Miller and Dana…
Business
Federal Reserve Cuts Interest Rates by 25 Basis Points on Concerns of a Struggling Job Market Rather Than Combating Inflation
The Federal Reserve slashed interest rates by a quarter point for the second consecutive meeting, showing that policymakers remain more…
Business
Building Trust in Digital Economies: Inside the Rise of Tradeit
Under30CEO had a chat with Jimi Gecelter, Co-founder of Tradeit, about transforming an in-game trading scenario that was risky and…
Business
Leading AI company to ban kids from long chats with its bots amid growing concern about the technology
Character.AI, a platform for creating and chatting with artificial intelligence chatbots, plans to start blocking minors from having…
Business
How iGaming Startups Are Reshaping the Digital Economy
iGaming startups are redefining the digital economy by merging entertainment with fintech, data analytics, and global commerce. Their…
Business
General Motors Fires 1,700 Workers at Its Michigan and Ohio Plants as EV Sales Dip after Dropping Apple CarPlay, Android Auto from Its Cars
General Motors has announced the layoff of nearly 1,700 workers at its manufacturing plants in Michigan and Ohio, citing a slowdown in…
Business
GM to cut over 1,200 jobs at EV plant
General Motors will cut about 1,200 jobs at its EV plant in Detroit, as the carmaker responds to slowing demand for its battery cars,…
Business
Global automakers scramble for chips as Nexperia supply crunch threatens production
Nissan and Mercedes are among the carmakers trying to come to grips an uncertain supply situation [TOKYO/BERLIN] Global automakers are…
Business
Singapore receives interest from Malaysian firms to export renewable energy through second interconnector
For the city-state to achieve its net-zero carbon emissions target by 2050, the Asean Power Grid’s success is crucial Singapore’s energy…
Business
Mapletree Industrial Trust Q2 DPU down 5.6% on absence of divestment gains, lower occupancy
The trust also had reduced income following the divestment of three Singapore industrial properties in August 2025 Mapletree Industrial…
Business
US: Wall St opens at near records levels as Nvidia hits US$5 trillion
Wall Street opened just short of fresh records on Wednesday (Oct 29) as Nvidia hits a US$5 trillion valuation, while investors awaited an…
Business
Boeing reports US$5.4b loss on large hit from 777X aircraft delays
Boeing has pushed back commercial deliveries on the 777X to 2027 from the prior 2026 timeframe Boeing reported a US$5.4-billion…
Business
Starhill Global Reit’s net property income edges up 0.2% to S$37.9 million in Q1 FY2026
The Reit’s improved performance was mainly driven by stronger contributions from its Singapore retail and Malaysia segment The manager of…
Business
Singapore expands electricity system with Meranti’s hydrogen-ready power plant
At full capacity, the 682-megawatt facility on Jurong Island can power over a million four-room flats The Energy Market Authority’s (EMA)…
Business
Malaysia bets on mix of solar and gas as it shifts away from coal
The cost-per-unit for solar is actually much cheaper than gas and coal, says TNB CEO Megat Jalaluddin Malaysia will focus on a mix of…
Business
China signals it will pull plug on subsidies for EVs with five-year plan exclusion
Analysts say the country’s EV industry is now world-leading and considered mature [SHANGHAI/BEIJING] China has sent a clear signal that it…
Business
Keppel, Engie collaborate to boost Asia-Pacific’s transition to low-carbon energy systems
Asset manager Keppel’s infrastructure division is collaborating with Engie Energy Marketing Singapore, a subsidiary of French energy…
Business
Civmec Q1 earnings fall 30.9% to A$10.5 million
Civmec on Wednesday (Oct 26) posted a net profit after tax of A$10.5 million (S$9 million) for its first quarter ended Sep 30, down about…
Business
Increasingly challenging to find suitable land for data centres: Keppel CEO
Loh Chin Hua says the company has been exploring power banking to boost efficiency Finding land with the right connectivity and access to…