Business
OpenAI's board rejects bid from Elon Musk-led group
The feud between Elon Musk and rival Sam Altman took a new turn on Friday when OpenAI’s board rejected a $97.4-billion offer by an…
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Business
Business
Meta layoffs hit Singapore as tech giant cuts global workforce
JOB cuts by social media giant Meta have hit Singapore, according to public posts on professional networking platform LinkedIn and sources…
Business
Lower inflation wouldn’t assure rate cuts, Fed’s Lorie Logan says
US FEDERAL Reserve Bank of Dallas president Lorie Logan urged policymakers to remain cautious in the coming months, reiterating lower…
Business
Italy investigates Amazon over alleged 1.2 billion euro tax evasion
ITALIAN prosecutors are investigating e-commerce giant Amazon and three of its executives over alleged tax evasion worth 1.2 billion euros…
Business
EXCLUSIVE: CEO Marc Metrick Says Saks Global Will ‘Reset’ the Multibrand Luxury Distribution Model
After a tough 2024, the newly formed Saks Global has a master plan to “reset” how it conducts business and has begun providing some…
Business
Europe: Shares log longest weekly streak of advances in a year
EUROPE’S main stock index closed lower on Friday (Feb 14), as investors paused following four successive sessions of gains, while luxury…
Business
Reimagining the Jewelry Shopping Experience
In this week’s episode of WWD Voices, Nicole Wegman, founder and chief executive officer of Ring Concierge, a fine jewelry company, joins…
Business
K-beauty Retailer Olive Young Is Setting Up a U.S. Subsidiary in Los Angeles
K-beauty retailer Olive Young is betting big on the U.S. market. The CJ Group-owned company, which operates more than 1,350 stores in its…
Business
Saudi Arabia Hires Startup to Develop Brain-Computer Control Implants
A brain-computer interface (BCI) startup called Paradromics, a competitor to Elon Musk's Neuralink that's aiming to control computers…
Business
Pete Davidson’s Tattoo-free Campaign Earns Reformation $1.2 Million in Media Exposure
Pete Davidson debuted his tattoo-free look on Reformation‘s Valentine’s Day campaign, released on Wednesday, and the photos quickly went…
Business
Golar LNG exits from LNG shipping segment with sale of Golar Arctic
Bermuda-based liquefied natural gas (LNG) company Golar LNG has announced the sale of its LNG carrier, Golar Arctic, marking the company’s…
Business
UOI’s net profit increases 10% to S$27 million in H2 FY2024
UNITED Overseas Insurance, the insurance arm of UOB, posted a net profit of S$27 million for the second half of its 2024 fiscal year ended…
Business
Nvidia cuts stake in Arm Holdings, discloses position in China’s WeRide
NVIDIA reduced its stake in British chip firm Arm Holdings by about 44 per cent and exited its holdings in Serve Robotics and SoundHound…
Business
US: Wall St subdued at open as markets await tariff details
WALL Street’s main indexes opened flat on Friday (Feb 14), as investors awaited more clarity on US President Donald Trump’s reciprocal…
Business
Initial MAS review group incentives could pull in regional biotech, fintech players: observers
High-growth companies in the technology, healthcare and sustainability-linked industries are potential entrants, too MARKET watchers…
Business
MAS review group incentives could pull in regional biotech, fintech players: observers
High-growth companies in the technology, healthcare and sustainability-linked industries are potential entrants, too MARKET watchers…
Business
Paragon Reit appoints PrimePartners as IFA for privatisation offer
PARAGON Real Estate Investment Trust (Reit) has appointed PrimePartners Corporate Finance as the independent financial adviser (IFA) for…
Business
Porsche to cut another 2k jobs in Germany by 2029
Carmaker Porsche is reportedly planning to layoff an additional 1,900 people in Germany by 2029, following a review of an ongoing…
Business
Céline Assimon Steps Down as CEO of De Beers’ Diamond Jewelry Business
LONDON – Céline Assimon is stepping down as chief executive officer of De Beers Jewellers in a pivotal moment for the retail brand, and…
Business
Fu Yu warns of loss for FY2024 on non-cash impairments of S$4 million
Excluding these, the group expects to post an operating profit and an improvement in financial performance for the fiscal year…
Business
Singapore shares buck regional trend; STI slips 0.1%
SINGAPORE shares ended in the red on Friday (Feb 14), after hitting a record high earlier in the week. The benchmark Straits Times Index…
Business
9 Figure Media Is The Secret Weapon Behind Asia's Most Successful Businesses
As Asia's business landscape rapidly evolves, companies are increasingly leveraging innovative strategies to gain a competitive edge. Amid…
Business
SGX falls 5.8% as initial MAS review group proposals dampen earlier optimism; Citi downgrades stock to ‘sell’
The counter could potentially give up much of its gains since unveiling its first-half results SHARES of Singapore Exchange (SGX) fell as…
Business
Thorny problems with Valentine’s roses: Invasive bugs and toxic pesticides hurt Kenya’s exports
ISINYA, Kenya (AP) — The red rose: a token of love for many, and for Kenya, a major economic sector. More than a third of Kenya's flower…