Business
US Federal Reserve must be ‘completely non-political’: Powell
The US Federal Reserve must be “completely non-political”, its chair Jerome Powell said on Tuesday, after President Donald Trump…
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Business
Business
This Oldsmobile Has A Living Room Inside
Read the full story on Backfire News We’ve seen concepts of cars with living room interiors, but this Oldsmobile Toronado really has just…
Business
Google hit with US$314 million US verdict in cellular data class action
A JURY in San Jose, California, said on Tuesday that Google misused customers’ cell phone data and must pay more than US$314.6 million to…
Business
Biggest US banks hike dividends, announce share buybacks after acing stress tests
US banking giants announced plans on Tuesday to raise their third-quarter dividends after clearing the Federal Reserve’s annual health…
Business
Oil settles up on signs of strong demand, investors await Opec+ decision
Oil prices edged higher on Tuesday as investors took stock of positive demand indicators, while also treading cautiously ahead of an Opec+…
Business
Europe: Shares end marginally lower as markets gauge trade talks, US tax bill
EUROPEAN shares ended slightly lower on Tuesday, with industrials and banks the biggest drags as investors weighed uncertainty over US…
Business
What Florida Car Buyers Must Know Before Signing Anything
Buying a car in Florida can be an exciting milestone, but it’s also a financial trap for the unprepared. The Sunshine State has its own…
Business
Court approves sale of 23andMe to nonprofit led by co-founder Anne Wojcicki
23andMe, a distressed genetic testing company that filed for bankruptcy this year, has received another potential lifeline. A bankruptcy…
Business
Trump Threatens Zohran Mamdani as He Cements NYC Mayoral Primary Win
Donald Trump’s wishy-washy tariffs have been good for one thing: keeping Federal Reserve interest rates high, according to the central…
Business
US: S&P 500, Nasdaq dip from record highs with Trump tax bill in focus
S&P 500 and Nasdaq indexes opened lower on Tuesday (Jul 1), after touching record highs a day earlier, as investors monitored US trade…
Business
AI, power, and longevity to drive next decade of transformational innovation: UBS
Investors should consider allocating part of their portfolios to transformational innovation as a way to diversify risks in an…
Business
Singapore shares move in tandem with Wall Street rally
Buoyed by the overnight Wall Street rally, Singapore shares rose on Tuesday (Jul 1), with about the top one-third counters by weighting…
Business
BNP Paribas completes 5.1 billion-euro acquisition of AXA Investment Managers
The acquisition allows BNP to manage long-term savings for insurers and pension funds with around 850 billion euros in assets Paribas said…
Business
How Dr. Sureshkumar Somanathan is Powering Global Digital Transformation
As digital disruption accelerates, enterprises across sectors are shifting from legacy IT models to agile, intelligent, and resilient…
Business
MAS proposes to improve complex product labelling and disclosures for investors
Investors in Singapore may soon gain clearer disclosures and improved guidance for complex products, following the implementation of…
Business
No compulsory financial advice needed for most retail investors under proposed MAS changes
Retail investors may soon be able to invest in products that are deemed complex without seeking the now-mandatory financial advice, even…
Business
The Platform Making Fine Wine and Spirits Easier to Collect Than Ever Before
Collecting fine wine and rare spirits has traditionally required industry knowledge, access to exclusive networks, and a willingness to…
Business
Two Chinese chip firms plan 12 billion yuan IPOs, bet US export curbs to spur growth
Two Chinese artificial intelligence chip startups are seeking to raise a combined 12 billion yuan (S$2.1 billion) in initial public…
Business
Prudential commences third tranche of US$2 billion share buyback scheme
Asia-focused insurer Prudential on Tuesday (Jul 1) announced the commencement of the third and final tranche of its US$2 billion share…
Business
British Investor Cites Legal Ordeal in Kenya as Case Study in Institutional Vulnerability
[LONDON, June 17, 2025] – The experience of British entrepreneur Keith Beekmeyer in Kenya's insurance sector has resurfaced amid national…
Business
Chip-design firm SkyeChip is close to a Malaysian IPO, CEO says
Malaysian semiconductor designer SkyeChip is “close” to an initial public offering after posting consecutive years of revenue and profit…
Business
From banks to tech: Job cuts and layoffs for 2025
In 2025, a growing number of corporations globally have announced job cuts, as macroeconomic pressures, restructuring efforts, and…
Business
From banks to tech: Microsoft latest to announce job cuts, layoffs for 2025
In 2025, a growing number of corporations globally have announced job cuts, as macroeconomic pressures, restructuring efforts, and…
Business
Liquidators file legal proceedings against Standard Chartered Bank over 1MDB fraud
Liquidators seeking to recoup misappropriated funds from Malaysia’s sovereign wealth fund 1MDB have initiated legal proceedings against…