Fashion
UK energy watchdog plans to tackle £4.4 billion consumer debts
[LONDON] Britain’s energy regulator Ofgem announced plans on Thursday to tackle £4.4 billion (S$7.5 billion) of debts built up by customers, which are driving up bills for millions of...
Singapore, Vietnam sign memorandum of cooperation on rice trade
‘Securing global and regional partnerships is essential for ensuring a stable supply of rice for Singapore,’ says Minister Grace Fu[SINGAPORE] Singapore and Vietnam on Thursday (Oct 30) signed a...
How Jenny Lee became Asia’s ‘Iron Woman’ of venture capital
“EVEN if you left me on a desert island, I would survive.” This is no empty boast. In the past three decades, Singaporean venture capitalist Jenny Lee has proven...
US Fed chair candidate Rieder says Powell was more hawkish than expected
RICK Rieder, an asset manager on the short list of possible candidates to be the next chair of the Federal Reserve, said on Wednesday he feels interest-rate cuts are...
Chinese financials’ earnings growth set to outpace wider market
Optimism on bank stocks is rising, as improved bottom lines bolster the chance for better returns for investors[BEIJING] China’s financial sector is on track to outpace the broader market’s...
Great Eastern Q3 net profit up 36% at S$372 million amid higher new business embedded value
Growth is driven by robust results from shareholders’ fund segment, which is up 45% on the year for the nine months ended Sep 30[SINGAPORE] Insurer Great Eastern on Thursday...
Microsoft‘s massive AI spending draws investor concerns as cloud business booms
MICROSOFT’S spending on artificial intelligence infrastructure soared to a record of nearly US$35 billion in the September quarter, deepening investor concerns about the mounting costs of sustaining the AI...
Masayoshi Son becomes Japan’s richest with US$55 billion fortune
Uniqlo billionaire Tadashi Yanai has been at the top of the country’s ranking for most of the past decade, and continuously since April 2022[HONG KONG] Masayoshi Son’s big wager...
US Fed cuts rates by 0.25%, Powell signals December move ‘far from’ certain
The US government shutdown has frozen or pushed back the compilation and release of key reports tracking the economy[NEW YORK] US Federal Reserve chair Jerome Powell cautioned investors against...
Leading AI company to ban kids from long chats with its bots amid growing concern about the technology
Character.AI, a platform for creating and chatting with artificial intelligence chatbots, plans to start blocking minors from having “open-ended” conversations with its virtual characters.The major change comes as the...
GM to cut over 1,200 jobs at EV plant
[DETROIT] General Motors will cut about 1,200 jobs at its EV plant in Detroit, as the carmaker responds to slowing demand for its battery cars, Detroit News reported on...
Mapletree Industrial Trust Q2 DPU down 5.6% on absence of divestment gains, lower occupancy
The trust also had reduced income following the divestment of three Singapore industrial properties in August 2025[SINGAPORE] Mapletree Industrial Trust (MIT) reported a distribution per unit (DPU) of S$0.0318...