Fashion
Sanofi plans 5 billion-euro buyback, sees higher profit growth
SANOFI said it will repurchase five billion euros (S$7 billion) of stock and grow profits more quickly this year as the drugmaker pivots away from consumer health to focus...
China’s big EV push into Europe fizzles out on tariffs, slowdown
FIVE years of rapid European growth for Chinese electric-car manufacturers ground to a halt in 2024, as trade barriers added to the challenge of building up sales in a...
LVMH’s subdued sales temper hopes for a rapid luxury rebound
LVMH’s sales of fashion and leather goods declined in the fourth quarter, casting doubt on the prospects for a quick recovery in luxury demand.Sales at the key unit, which...
HSBC plans biggest investment banking retrenchment in decades
HSBC plans to wind down its M&A and some equities businesses in Europe and the Americas, the bank said on Tuesday (Jan 28), accelerating a shift to Asia in...
IEA comes under pressure from former oil market chief to cut energy transition focus
THE International Energy Agency’s (IEA) former oil industry and market chief criticised the agency’s focus on the global energy transition in a report released on Wednesday (Jan 29), and...
Microsoft shares slide as cloud forecast, AI spending disappoint
MICROSOFT on Wednesday (Jan 29) forecast disappointing growth in its cloud computing business, sending its shares down more than 5 per cent as investors worry about big spending, elusive...
IBM beats profit estimates as AI shift boosts software performance, shares surge
THE International Business Machines Corporation (IBM) surpassed fourth-quarter profit estimates on Wednesday (Jan 29), driven by robust demand in its software unit as businesses ramped up IT spending, sending...
Trump officials discuss tighter curbs on Nvidia China sales
TRUMP administration officials are exploring additional curbs on the sale of Nvidia chips to China, according to sources familiar with the matter, who emphasised that conversations are in very...
Waymo is getting ready to tackle Los Angeles’ freeways. How have the robotaxis fared so far?
Waymo’s fleet of electric, self-driving taxis has been on the streets of Los Angeles for a few months now. And in a post on X this week, the company...
US markets: Stock buyers step in to boost tech after AI jolt
The world’s largest technology companies climbed after a selloff that shook markets around the globe, with traders gearing up for the start of the megacap earnings season and the...
