Business
HSBC set to pay about US$300 million to settle French criminal case
The full agreement would cover the fine to end the PNF case as well as the tax bill HSBC Holdings is poised to pay around US$300 million…
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News
Chinese court orders Malaysia Airlines to pay US$3.3m in compensation over missing MH370 plane
A Beijing court has ordered Malaysia Airlines to pay some families of missing passengers onboard flight MH370 a total of US$3.28 million…
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Apple Tap to Pay now available in Singapore, allowing merchants to use iPhones as contactless payment terminals
The function also supports contactless credit and debit cards from American Express, JCB, Mastercard, UnionPay and Visa Apple has…
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Apple Tap to Pay launches in Singapore, allows merchants to use iPhones as contactless payment terminals
The function also supports contactless credit and debit cards from American Express, JCB, Mastercard, UnionPay and Visa Apple has…
Business
Outspoken short seller Michael Burry shorts Tesla over valuation and Musk pay plan, Fortune says
Michael Burry has bet against the shares of Tesla, saying they are “ridiculously overvalued” and warning that founder Elon Musk’s proposed…
Business
Board of Dasmond Koh’s NoonTalk Media says management’s pay ‘fair and justifiable’ amid firm’s losses
The remuneration committee has considered defined key performance indicators, performance milestones and market benchmarks The board of…
Business
HSBC’s Swiss private bank boosts some bankers pay to stem exits
The Swiss arm has been increasing compensation of staff, including relationship managers HSBC Holdings’ Swiss private bank is boosting the…
Business
Forget Musk’s latest pay package, his last one could wipe out years of Tesla profits
Tesla faces potential US$26 billion profit hit if it loses its appeal over Musk’s pay ruling Tesla’s gaudy US$1 trillion…
Business
US jury says Apple must pay Masimo US$634 million in smartwatch patent case
A FEDERAL jury in California said on Friday(Nov 14) that Apple owes medical-monitoring technology company Masimo US$634 million for…
News
Boeing ordered to pay more than US$28 million to 737 MAX crash victim’s family
A jury in federal court in Chicago ordered Boeing on Wednesday to pay more than US$28 million to the family of a United Nations…
Business
EV maker Rivian gives CEO a Musk-style pay package worth up to US$4.6 billion
EV MAKER Rivian on Friday said it was giving its CEO a pay plan worth as much as US$4.6 billion over the next decade, a deal similar to…
Business
Tesla shareholders approve US$878 billion pay plan for Elon Musk
Tesla CEO Elon Musk scored a resounding victory on Thursday as shareholders approved a pay package of as much as US$878 billion over the…
Business
Nexperia says it halted supply after China unit refused to pay
Nexperia said that it suspended supplies to its China factory because the local unit refused to make payments, laying bare the internal…
Business
Apple nears deal to pay Google roughly US$1 billion a year for Siri AI model
Apple is planning to use a 1.2 trillion parameter artificial intelligence (AI) model developed by Alphabet Inc.’s Google to help power its…
Business
Norway wealth fund to vote against Musk US$1 trillion Tesla pay package
Investors in the electric-vehicle maker will decide on Nov 6 whether to approve the package Norway’s sovereign wealth fund, the world’s…
Business
Singapore court orders Ron Sim’s LAC to return GNC stores, pay US$18.9 million in franchise dispute
The court finds that LAC had wrongfully terminated its agreement after ‘secretly’ preparing to rebrand all of the US health supplement…
Business
Singapore court orders Ron Sim’s LAC to hand over GNC store leases, pay US$18.9 million in franchise dispute
Court finds LAC had wrongfully terminated its agreement after ‘secretly’ preparing to rebrand the US health supplement retailer’s 54…
Business
Gold trader hiring spree drives up pay as bullion market booms
In addition to the demand from trading houses, hedge funds, refiners, brokers and banks are also hiring precious metals traders, leading…
Business
Who Is Timothy Mellon? Billionaire Investor Who Donated $130M to Pay Soldiers During Government Shutdown Is Heir to Famed American Banking Family
Billionaire investor Timothy Mellon, heir to the prominent American banking dynasty, is the wealthy donor who contributed $130 million to…
Business
Intel beats third-quarter profit estimates as cost cuts, investments pay off
INTEL beat expectations for September-quarter profit as CEO Lip-Bu Tan’s drastic cost-cutting measures helped the chipmaker shore up its…
Business
Musk hijacks Tesla earnings call to pitch US$1 trillion pay plan
[AUSTIN, Texas] Elon Musk, the world’s richest person, spent the end of Tesla’s earnings call pleading with investors to ratify his…
Business
Samsung plans bonuses tied to share price in major pay overhaul
The move underscores the firm’s effort to address growing dissatisfaction within the ranks Samsung Electronics is awarding shares and…
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Shippers not expected to pay higher freight rates because of US port fees: Bimco
Shippers are not expected to pay higher freight rates when the United States port fees targeting Chinese-related ships kick in, even…
Business
AI spending boom is a bubble that will pay off: Bezos
Amazon.com chairman Jeff Bezos said that the spending on artificial intelligence resembles an “industrial bubble” that could lead to lost…