Business
Australia raises minimum wages by 3.5% as inflation eases
By Renju Jose and Stella Qiu SYDNEY (Reuters) -Australia's independent wage-setting body on Tuesday raised the national minimum wage by…
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Business
Electric trucks are the latest threat to oil demand in China
MORE and more Chinese trucks are being powered by batteries, another sign that oil-based fuels are getting shoved to the sidelines in an…
Business
Stocks to watch: CapitaLand Ascendas Reit, Sinarmas Land, Oxley Holdings
THE following companies saw new developments that may affect trading of their securities on Tuesday (Jun 3): CapitaLand Ascendas Reit…
Business
Asia’s top-rated bonds lifted by pullback from US Treasuries
Bonds in Australia and Singapore are getting a lift from rising questions about the appeal of Treasuries, as fears that a proposed US tax…
Business
Merck held talks to buy biotech MoonLake for over US$3 billion: FT
K has held talks to buy Swiss biotech MoonLake Immunotherapeutics for more than US$3 billion, the Financial Times reported on Monday,…
Business
Vanguard files for new ex-China emerging markets ETF
ASSET management giant Vanguard Group plans to launch a new exchange-traded fund (ETF) that will target emerging markets while excluding…
Business
Microsoft cuts hundreds more jobs after firing 6,000 last month
The AI boom has roiled the tech labour market because companies are prioritising AI-focused jobs and harnessing the technology to save…
Business
Google Deepmind CEO says global AI cooperation ‘difficult’
Artificial intelligence pioneer and head of Google’s Deepmind, Demis Hassabis on Monday said that greater international cooperation around…
Business
US: Stocks end higher as traders shake off trade tensions
stocks shook off a gloomy start to the week to close higher on Monday, with traders looking through the new trade uncertainty fueled by…
Business
Amazon Joins U.S. SailGP Team as Official Retail Partner
Amazon founder Jeff Bezos’ yacht outings with his fiancé Lauren Sanchez get plenty of play in the tabloids, but Amazon — the brand — is…
Business
Why Prior Authorization Is Causing Headaches and How to Solve It
In healthcare, insurance companies use prior authorization (PA) to determine whether a prescribed treatment, medication, or procedure is…
Business
Equinox Hires Former Tory Burch Exec Bindu Shah as CMO and CDO
Equinox, the high-performance, upper-tier lifestyle company, has tapped the former Tory Burch executive Bindu Shah to amp up its marketing…
Business
Recession Blond: The Low-Maintenance Hair Trend Taking Over Hollywood
Actor Justine Lupe unintentionally matched sisters and executive coproducers Erin and Sara Foster at Netflix’s FYSEE “Nobody Wants This”…
Business
Meta aims to fully automate advertising with AI by 2026: WSJ
Meta Platforms aims to allow brands to fully create and target advertisements with its artificial intelligence tools by the end of next…
Business
Google to spend US$500 million revamping compliance in shareholder settlement
Google agreed to spend US$500 million over 10 years to overhaul its compliance structure, to settle shareholder litigation accusing the…
Business
CK Hutchison announces completion of Vodafone and Three’s merger in UK
Vodafone and Three will invest £11 billion over the next 10 years in building one of Europe’s most advanced 5G networks Vodafone and CK…
Business
Sanofi to buy US biopharma group Blueprint for up to US$9.5 billion
France’s Sanofi has agreed to buy US-based Blueprint Medicines Corporation for up to US$9.5 billion to boost its position in rare…
Business
DBS, UOB, OCBC return surplus capital with over S$700 million of buybacks
In the first five months of 2025, 63 primary-listed Singapore companies conducted share buybacks through open market acquisitions,…
Business
Thailand’s virtual bank race heats up
Thailand’s finance ministry is set to issue three virtual banking licences by mid-June – a move that could jolt the country’s lucrative…
Business
There's one bright spot for San Francisco's office space market
SAN FRANCISCO — In recent years, San Francisco’s image as a welcoming place for businesses has taken a hit. Major tech companies such as…
Business
S-Reits with Singapore office assets post resilient Q1 2025 amid positive rent reversions and high occupancy
Singapore-listed office real estate investment trusts (S-Reits) reported a broadly resilient performance in the first quarter of 2025,…
Business
Independent director Chua Kee Lock acquires venture shares on open market
Over the five trading sessions from May 23 to May 29, institutions were marginal net sellers of Singapore stocks, with net institutional…
Business
OPEC+ Maintains Oil Production Increase as Prices Soften and Market Awaits Demand Recovery
With international oil markets facing price pressure and economic instability, OPEC+ has remained committed to gradually restoring supply.…
Business
Kobe Bryant x Nike Air Force 1s Drop Fall ’25 in Snakeskin, Classic White and Lakers Purple
Kobe Bryant’s Nike line is adding new snakeskin-patterned Air Force 1 styles to its lineup this fall. In addition to upcoming Kobe-themed…