Fashion
TikTok signs agreement for new joint venture keeping it online in the U.S.
TikTok has finalized a deal with Oracle and two other investors that will allow the popular social video platform to continue its business in the U.S.The deal, expected to...
Nike reports sales beat overshadowed by Converse, China slumps
NIKE posted better-than-expected sales in the latest quarter, showing progress in its turnaround efforts, but weakness persisted in China and the Converse brand. Revenue in the fiscal second quarter rose...
Nike’s China conundrum deepens as turnaround stagnates
Nike’s stock is down 13% so far this year, on track for a fourth straight year of declines[NEW YORK] Nike is running out of time to prove its China...
TikTok says it signed agreements to create new US joint venture
TIKTOK chief executive officer Shou Chew told employees that the social media app’s parent company, ByteDance, signed binding agreements to create a US joint venture majority-owned by American investors.In...
BNY to move Singapore offices to Marina One East Tower
Investments into new spaces with better amenities are part of the bank’s transformation process that started in 2022[SINGAPORE] BNY is entering its next phase of transformation that bets big...
US Energy Department taps Big Tech for AI-powered research push
THE US Department of Energy said on Thursday it has signed agreements with 24 organisations, including tech giants such as Microsoft, Google and Nvidia, to advance the Genesis Mission.The...
US Fed’s Goolsbee welcomes latest inflation data, says more rate cuts may loom
FEDERAL Reserve Bank of Chicago President Austan Goolsbee said on Thursday fresh inflation data is “good” and if it can be sustained it should help open the door for...
Instacart to pay US$60 million to settle FTC claims it deceived shoppers
INSTACART has agreed to pay US$60 million in refunds to settle the US Federal Trade Commission’s allegations that the online grocery delivery platform deceived consumers about its Instacart+ membership...
FedEx posts higher quarterly results, raises low end of full-year profit forecast
It lifted its 2026 revenue outlook, calling for 5 to 6 per cent year-over-year growthFEDEX posted higher second-quarter profit and revenue on Thursday and lifted the low end of...
FedEx CEO’s sweeping network overhaul is starting to bear fruit
[NEW YORK] FedEx offered investors a sign that chief executive officer Raj Subramaniam’s turnaround plan may be worth the wait. The shipping heavyweight raised the low end of its...
Oil prices settle slightly higher as market assesses mounting supply risks
[HOUSTON] Oil prices settled marginally higher on Thursday as investors assessed the likelihood of further US sanctions against Russia and the supply risks posed by a blockade of Venezuelan oil tankers.Brent crude closed...
European shares gain after US inflation data, ECB rate decision aids investor optimism
EUROPEAN shares made broad-based gains on Thursday, with lower-than-expected US inflation strengthening hopes for Federal Reserve interest rate cuts in 2026 and the European Central Bank taking a more positive view of...