Entrepreneurship
PwC launches AI hub in Singapore with over US$4 million commitment
[SINGAPORE] PwC launched an artificial intelligence (AI) hub in Singapore on Wednesday (May 21), committing more than US$4 million over a three-year period. This venture is also supported by...
CapitaLand Investment launches 5 billion yuan China fund
[SINGAPORE] CapitaLand Investment (CLI) on Wednesday (May 21) announced the launch of its first onshore master fund in China, the CLI RMB Master Fund, with a total equity commitment...
Westpac to cut 1,500 jobs, simplify operations: report
The company says it regularly adjusts its workforce based on shifting investment prioritiesPublished Wed, May 21, 2025 · 07:44 AM[BENGALURU] Westpac Banking Corp (Westpac) is planning to cut more...
Chanel profit tumbles as luxury industry downturn hits sales
[PARIS] Chanel profit plunged last year as the closely held company splurged on expanding its retail network and marketing to remain visible amid a luxury industry downturn. Operating profit...
Europe: Shares close near nine-week high, powered by utility, telecom stocks
[BENGALURU] European stocks closed at near nine-week highs on Tuesday (May 20) with utilities and telecom firms leading gains, while some positive corporate earnings also bolstered sentiment.The pan-European Stoxx...
Musk will reduce political spending, committed to being Tesla CEO in 5 years’ time
[DOHA] Elon Musk said he plans to significantly cut political spending and is committed to staying on as Tesla’s CEO for another five years, aiming to address concerns about...
You’ve Been Writing Emails Wrong This Whole Time (Here’s the Simple Fix)
I’ve noticed a strange phenomenon in business communication. When people sit down to write an email, they suddenly transform into formal, academic writers crafting five-paragraph essays complete with thesis...
UBS to open Abu Dhabi office as more clients move to Mideast
Abu Dhabi has emerged as a magnet for the world’s wealthiest people over the past few yearsPublished Tue, May 20, 2025 · 10:07 PM[ABU DHABI] UBS Group is opening...
Delfi’s Q1 Ebitda down 27.2% on weaker regional currencies, trade tensions
[SINGAPORE] Chocolate confectioner Delfi ran up a 27.2 per cent drop in earnings before interest, taxes, depreciation and amortisation (Ebitda) to US$17 million in the first quarter ended Mar...
SLB Development shareholders okay privatisation offer from Lian Beng’s Ong family
[SINGAPORE] Shareholders of SLB Development approved the scheme resolution proposed by Lian Beng Group’s board of directors – which comprises the controlling Ong family – to acquire and privatise...
