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Temasek leads US$80 million funding in power infrastructure provider Amperesand
The Series A round is co-led by the Singapore investment company and Walden Catalyst Ventures Amperesand, a next-generation power…
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Authorities Seize Record 35.7kg of Rhino Horns Worth S$1.13M at Changi Airport
An attempt to smuggle a record 35.7kg of rhinoceros horns from South Africa to Laos via Changi Airport was foiled earlier this month.…
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Lorry Slides Down Slope Near Orchard Road; Singapore Police Launch Investigation
An accident involving a truck that skidded on Nutmeg Road near Orchard Road is being looked into by the police. The accident, which left a…
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Singapore: 42-Year-Old Man Gets 46 Months' Jail for Donation Scam Involving Over 12,600 Victims
A 42-year-old man who orchestrated an elaborate donation scam that misled thousands of people over more than four years has been sentenced…
Business
US: Wall St opens lower as valuation concerns, rate-cut jitters linger
Wall Street’s main indexes fell at the open on Tuesday (Nov 18), as concerns over lofty equity valuations and dimming chances of an…
Business
Temu-owner PDD Holdings beats profit expectations, outlook uncertain
Adjusted earnings per share of 21.08 yuan (S$3.86) beat analysts’ average forecast of 16.84 yuan China’s PDD Holdings beat forecasts on…
Business
Toyota lays out US$912 million plan to boost US hybrid production
Factories in West Virginia, Kentucky, Mississippi, Tennessee and Missouri will see 252 new jobs as a result of the initiative Toyota Motor…
Business
Oddity Tech Launches Methodiq, a Telehealth Platform
Oddity Tech is ready to unveil its third brand. The parent company of Il Makiage and SpoiledChild is debuting Methodiq, a telehealth…
Business
Amazon's Zoox offers free robotaxi rides in San Francisco
Amazon-owned Zoox is offering free rides on its San Francisco fleet of boxy, driverless taxis. The company said Tuesday it is providing…
Business
ChatGPT, X among sites blocked in widespread Cloudflare outage
ChatGPT and the social-media platform X were among the websites blocking some users’ access on Tuesday (Nov 18) as the web security firm…
Business
Xiaomi reports 81% jump in third-quarter profit on strong EV sales
Adjusted net profit reaches 11.3 billion yuan (S$2.1 billion), exceeding the average estimate of 10.3 billion yuan China’s Xiaomi reported…
Business
Xiaomi’s EV arm makes a profit for the first time
The division, which sold its first car last year, posts a profit of 700 million yuan in the September quarter Xiaomi reported quarterly…
Business
Temasek-backed Manner Coffee seeks Hong Kong IPO, 10 years after starting as tiny stall: sources
China’s Manner Coffee is considering an initial public offering in Hong Kong as soon as next year, according to people with knowledge of…
Business
Coliwoo expects stronger core profit despite lower net profit before tax for FY2025
Better profit is attributed to absence of net fair value gain on investment properties in the financial year ended Sep 30 Co-living…
Business
AkzoNobel, Axalta to merge creating US$25 billion paint giant
Under the merger, AkzoNobel shareholders will receive a US$2.5 billion dividend payout Dulux paint maker AkzoNobel said on Tuesday (Nov…
Business
AkzoNobel and Axalta to merge, creating US$25 billion paint giant
Under the merger, AkzoNobel shareholders will receive a US$2.5 billion dividend payout Dulux paintmaker AkzoNobel said on Tuesday (Nov 18)…
Business
IOI Properties eyes Reit listings in Malaysia, Singapore, with assets of US$8 billion
Malaysia’s IOI Properties Group is exploring two real estate investment trust listings in Malaysia and Singapore, with a combined asset…
Business
IOI Properties eyeing Reit listings in Malaysia and Singapore: sources
Malaysia’s IOI Properties Group is exploring two real estate investment trust (Reit) listings in Malaysia and Singapore, with a combined…
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North Carolina Deputy Who was Convicted of Child Sex Crimes, Sentenced to 23 Years in Prison
A former Harnett County deputy convicted of child sex crimes was sentenced to 23 years in prison, the US Department of Justice (DOJ) said…
Business
EIB Global, Australia partnership to strengthen critical raw materials
EIB Global and the Government of Australia have signed a declaration of intent to enhance cooperation on critical raw materials. This…
Business
Ueda signals BOJ remains on rate hike path after PM meet
Governor Kazuo Ueda told Prime Minister Sanae Takaichi that the Bank of Japan is in the process of slowly dialling back its easing support…
Business
STI falls 0.9%, tracking regional peers
Singapore stocks ended lower on Tuesday (Nov 18), tracking regional losses. The benchmark Straits Times Index (STI) lost 0.9 per cent or…
Business
Baidu posts worst sales fall on record despite major AI spending
The results underscore the Internet search leader is losing ad business to rivals while struggling to compete in a crowded AI field Baidu…
Business
More jail time for former KTL Global chief executive Tan Kheng Yeow
The former chief executive and director of KTL Global (KTLG), Tan Kheng Yeow, has been convicted of criminal breach of trust (CBT)…