Business
Bank of America to buy back US$40 billion of shares in new programme
The announcement follows buyback plans from some of the biggest US banks after they passed this year’s US Federal Reserve stress tests…
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Business
Business
Chevron cuts 575 jobs in Houston after closing Hess acquisition, filing reveals
Chevron cut 575 positions in the Houston area after it completed its US$55 billion merger with Hess, a Texas Workforce Commission filing…
Business
IBM’s software sales disappoint, eclipsing AI mainframe revival
IBM beat Wall Street estimates for second-quarter revenue and profit on Wednesday (Jul 23), but lower-than-expected sales in its mainstay…
Business
Google parent Alphabet surprises with capital spending boost after earnings beat
ALPHABET on Wednesday cited massive demand for its cloud computing services as it hiked its capital spending plans for the year to about…
Business
Oil prices steady with trade talks in focus
Oil prices were little changed on Wednesday as investors assessed trade developments between the European Union and the US after President…
Business
Tesla’s sales fall most in a decade in another rough quarter
Tesla fell short of Wall Street’s expectations in one of the automaker’s worst quarters in years, a sign of the toll that rising…
Business
Tesla braces for rough quarters ahead as US ends EV incentives
Elon Musk warned of difficult times ahead for Tesla after one of the automaker’s worst quarters in over a decade. Tesla will be a…
Business
Europe: Automakers propel shares to two-week highs on US-EU trade deal optimism
EUROPEAN shares closed near two-week highs on Wednesday, led by automakers, as investors anticipated a possible agreement between the…
Business
US: Dow advances, S&P 500 logs new record with boost from tariff pacts
Wall Street stocks advanced on Wednesday with the Dow logging strong gains and the S&P 500 closing at a record for the third time in a row…
Business
'I Destroyed Your Work': Replit's AI Panics And Tells Lies, Before Deleting Data From 1,200 Companies
A shocking incident has raised fresh concerns about the risks of relying too much on AI coding tools. Jason Lemkin, a well-known tech…
Business
How to Start a Nonprofit
There’s a new generation of young startup founders who are not only chasing unicorns: they’re chasing purpose. Whether it’s addressing…
Business
In an Unlikely Collaboration, Stephen Jones Designs Wacky Hats for British Insurer Hiscox
HAT TRICK: Stephen Jones is adding a dose of millinery pizzazz to the most unglamorous of industries — insurance. In an unlikely project,…
Business
Germany's BASF and Canada's AltaGas agree deal to provide butane
A logo of the chemical company BASF is seen on a large storage container at the main plant. Uwe Anspach/Deutsche Presse-Agentur GmbH/dpa A…
Business
Moody’s profit tops estimates in sign of credit market’s rebound
Moody’s adjusted earnings per share of US$3.56 topped analysts’ forecasts of US$3.38 Moody’s, a bond grader and financial data provider,…
Business
SingPost directors quizzed about future strategies and CEO at AGM
National postal service provider Singapore Post’s (SingPost) board was pressed by shareholders at its annual general meeting (AGM) on…
Business
SingPost directors quizzed about CEO search and company’s future strategies at AGM
National postal service provider Singapore Post’s (SingPost) board was pressed by shareholders at its annual general meeting (AGM) on…
Business
US: Wall Street opens higher as US-Japan trade deal lifts sentiment
Wall Street opened higher on Wednesday (Jul 23) after President Donald Trump struck a trade deal with Japan, shoring up expectations of…
Business
Tally of Microsoft victims surges to 400 as hackers capitalise on SharePoint flaw
The number of companies and organisations compromised by a security vulnerability in Microsoft’s SharePoint servers is increasing rapidly,…
Business
Amazon shuts down Shanghai AI research lab: report
Amazon is shutting down its Shanghai artificial intelligence lab, which was established by its cloud services arm in 2018, the Financial…
Business
Markets Rally on Surprise US-Japan Trade Deal; Investors Await EU Talks, Earnings Reports
Asian markets climbed after President Donald Trump said that he had struck a trade deal with Japan. The deal shrinks tariffs on Japanese…
Business
CoinDCX Suffers $44 Million Internal Breach, Offers $11 Million Bounty in Major Crypto Security Incident
In one of the most serious cryptocurrency security incidents to date, CoinDCX has disclosed a $44 million breach involving its internal…
Business
Microsoft Recruits 24 AI Experts from Google DeepMind, Including Gemini Chatbot Veteran
Microsoft has hired 24 top engineers, researchers, and product specialists from Google DeepMind, according to a report by the Financial…
Business
K18 Takes on Heat Protection With Newest Launch
K18 is introducing a new double-duty offering. The brand is launching HeatBounce, a conditioning heat protectant featuring a patented…
Business
OUE Reit H1 DPU gains 5.4% to S$0.0098 on capital management, resilient Singapore portfolio
OUE real estate investment trust (OUE Reit) reported a distribution per unit of S$0.0098 for the first half ended Jun 30, 2025, up 5.4 per…