Business
Grab reports Q3 earnings of US$37 million on positive operating profit
Operating profit rises to US$27 million in the quarter from a loss of US$38 million the previous year Ride-hailing giant Grab posted Q3…
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KKR plans investment expansion for insurance unit in India
The investment firm insurance business is anchored through Global Atlantic Financial Group KKR is planning a bigger role for its India…
Business
Restaurant chain Denny’s to be taken private in US$620 million deal
The deal marks the latest in a wave of private equity buyouts of restaurant chains in recent years RESTAURANT chain Denny’s announced on…
Business
Elite UK Reit 9-month DPU rises 9.4% to £0.0233
The improvement is attributed to interest savings through capital management and interest rate optimisation The manager of Elite UK Reit…
Business
How Zhao’s Binance aided Trump family crypto venture before pardon
World Liberty Financial is a crypto platform co-founded by the US president’s family and the family of his special envoy, Steve Witkoff In…
News
Police examine links between Histadrut corruption probe and senior Likud ministers
Police were also looking into whether senior Histadrut officials planned to sell federation assets worth millions of shekels and skim…
Fashion
Shein bans sex dolls after France outrage over ‘childlike’ ones
ASIAN e-commerce giant Shein said on Monday it was banning sex dolls from sale on its sites globally after French authorities condemned it…
Business
US Federal Reserve’s Cook warns inflation to stay ‘elevated’ next year
A KEY US central bank official warned on Monday that inflation would likely remain elevated in the coming year as tariffs bite, while…
News
Trial opens in first US civil case on 2019 Boeing MAX crash
RELATIVES of victims in the fatal crash of a Boeing 737 MAX plane operated by Ethiopian Airlines headed to court on Monday for the first…
Business
US looks to invest in rare-earth firms in race with China
The Commerce Department and Pentagon on Monday (Nov 3) pledged financing and potential equity stakes in a domestic producer of rare-earth…
Business
Starbucks sells 60% stake in China unit to Boyu for US$4 billion
Starbucks is selling a majority stake in its China unit to private equity firm Boyu Capital for US$4 billion to help accelerate its…
Business
Starbucks to sell control of China business to Boyu Capital in US$4 billion deal
The chain has implemented measures such as reduced prices for select non-coffee beverages and an accelerated introduction of new localised…
Business
Starbucks to sell control of China business to Boyu, aims for rapid growth
The coffee chain has been credited with creating the market for coffee in China after entering in 1999 Starbucks said that it would sell…
Business
US: S&P 500, Nasdaq end higher on Amazon-OpenAI deal; Fed path forward grows murky
The S&P 500 and the Nasdaq closed higher on Monday, with artificial intelligence-related deals driving much of the gains even as the…
Business
Palantir hikes sales forecasts after record stock run-up
Palantir Technologies raised its annual revenue outlook to US$4.4 billion and outpaced analyst estimates for third-quarter sales, citing…
Business
Europe: Shares edge up as investors assess earnings; auto stocks advance
EUROPEAN stocks nudged higher on Monday as investors digested a new round of earnings reports, while auto shares gained on optimism that…
News
Agony for families as landslide death toll climbs in Uganda and Kenya
More than 40 people are now known to have died after multiple landslides struck Kenya and Uganda's mountainous border region last week. "I…
Business
Brooks Running Continues to Rack Up Market Share Gains
Brooks Running said it achieved No. 1 market share at national retail, according to data from Circana. The same data set from its U.S.…
Business
Sergio García Sánchez’s “Sudden Shower”
“I wanted to re-create the exact moment when passersby are caught in the rain,” the Spain-based artist Sergio García Sánchez said about…
Business
India’s Bharti Airtel posts surge in quarterly profit as higher-paying users grow
Bharti Airtel, India’s second-largest mobile carrier by number of users, posted its sixth straight quarterly profit rise on Monday (Nov…
Business
US: Wall Street opens higher on optimism for AI demand
Wall Street kicked off November on firmer ground on Monday (Nov 3), driven by optimism around AI demand with OpenAI and Amazon striking a…
Business
OpenAI, Amazon strike US$38 billion agreement for ChatGPT maker to use AWS
The deal is among the first major moves by OpenAI since it completed a restructuring last week Amazon.com will supply OpenAI with cloud…
Business
Indonesia central bank chief sees room for another rate cut
Indonesia’s central bank governor said on Monday (Nov 3) there was still room for another interest rate cut, but the timing would depend…
Business
NetLink Trust posts 10.2% drop in H1 profit to S$43.5 million on higher depreciation
Fibre network provider NetLink NBN Trust on Monday (Nov 3) posted a 10.2 per cent drop in net profit to S$43.5 million for the half-year…