Business
Tesla supplier Panasonic to cut costs to support shift into AI
PANASONIC Holdings is considering an overhaul of personnel and trimming underperforming businesses to lower fixed costs, part of a shift…
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Business
Slow traffic, fast food: study links road delays with unhealthy eating
Have you ever been hungry, stuck in traffic, and decide to pick up some fast food for dinner? If you have, you are not alone, as…
Business
Number of compulsory wind-ups rise more than 50% in 2024
AS MANY as 307 companies were forced to wind up last year, based on figures released by the Ministry of Law’s Insolvency Office. This was…
Business
Italy itching to drop $24 billion on Lynx, Panther tanks, with amore
NETTUNO, Italy — Italy’s defense chief has challenged Leonardo and Rheinmetall to deliver a massive, €23 billion ($24 billion) order of…
Business
HK-listed Chinese stocks hit 3-month high despite China, US tariffs
CHINESE stocks listed in Hong Kong surged on Tuesday (Feb 4) as investors loaded up on artificial intelligence and electric vehicle shares…
Business
Nintendo cuts outlook for final months before Switch 2 debut
Nintendo revised its full-year forecast down after profit and revenue plummeted over the holiday period, with gamers increasingly looking…
Business
Temasek and CenterSquare launch US$100 million commercial real estate debt co-investment vehicle
The portfolio continues a strategy across the global real estate investment manager’s debt fund series TEMASEK and CenterSquare Investment…
Business
GIC makes senior leadership changes, appoints new group CIO
Bryan Yeo succeeds Jeffrey Jaensubhakij, who is stepping down after almost three decades at the firm GIC’S deputy group chief investment…
Business
UBS quarterly profit smashes expectations, US$3 billion buyback unveiled
UBS Group, Switzerland’s largest bank, on Tuesday (Feb 4) posted net income of US$770 million for the fourth quarter of 2024, trouncing…
Business
Grab weighs takeover of rival GoTo at US$7 billion valuation
GRAB Holdings and GoTo Group have accelerated merger talks and are targeting a deal this year, seeking to end years of losses in…
News
Old Covid lockdown footage misrepresented as HMPV 'emergency' in China
China has not declared a "state of emergency" over the human metapneumovirus (HMPV) after infections increased toward the end of 2024,…
Business
AI and more: These tech firms top the list of Singapore’s 100 fastest-growing companies
A good variety of sectors are in a list of 100 fastest-growing companies based in Singapore, going by a study done by The Straits Times…
Business
Chinese tea drinks firm Guming aims to raise US$202 million in Hong Kong IPO
CHINESE bubble tea drinks company Guming Holdings is aiming to raise up to US$202 million in a Hong Kong initial public offering (IPO),…
News
Waffle House adds 50 cent egg surcharge amid bird flu crisis
Waffle House, the popular Georgia-based restaurant chain with over 2,000 locations across 25 states, has implemented a temporary 50 cent…
News
Salesforce cutting 1,000 roles while hiring salespeople for AI
SALESFORCE is cutting jobs as its latest fiscal year gets underway, according to a person familiar with the matter, even as the company…
Business
Keppel Pacific Oak US Reit posts 8.8% fall in distributable income to US$23.8 million for H2
THE manager of Keppel Pacific Oak US Reit (Kore) on Tuesday (Feb 4) posted an 8.8 per cent fall in distributable income to US$23.8 million…
Business
Keppel Infrastructure Trust posts 54.2% lower H2 DPU of S$0.0195
KEPPEL Infrastructure Trust (KIT) on Tuesday (Feb 4) posted a 54.2 per cent lower distribution per unit (DPU) of S$0.0195 for the second…
News
Businesses close, children skip school for 'a day without immigrants' protest
In Southern California and across the country on Monday, dozens of businesses nationwide closed, schools reported lower attendance and…
Business
MUFG looks beyond record profits to win global investors
AS JAPAN’S biggest bank heads for record profit that surpasses even its own projections, one thing is on the mind of its chief financial…
Business
Apple blasts EU app laws after first porn app comes to iPhones
From the beginning of the App Store in 2008, Apple executives have banned porn from its platform APPLE lambasted the EU’s Digital Markets…
Business
Americans running out of time to claim $6,000 settlement from data breach
Time is running out for millions of Americans affected by a data breach to claim their share of a large settlement. Victims of the Arthur…
Celebrity
Kanye West sees his California home value drop
Kanye West's Beverly Hills mansion, purchased for $35 million in October 2024, has dropped to $28.4 million by February 2025, a decline of…
News
Rebels declare ceasefire in DR Congo for 'humanitarian reasons'
The alliance of rebel groups in eastern Democratic Republic of Congo have declared a humanitarian ceasefire starting on Tuesday. In a…
Business
CapitaLand Investment to seed future data centre fund with US$700m investment in Japan
It is making disciplined acquisitions without acting like ‘a kid in a toy store’, says CLI’s Manohar Khiatani ASSET manager CapitaLand…