Fashion
EU considers tariffs on Boeing jets
Published Wed, May 7, 2025 · 07:05 PM[FRANKFURT] The European Union intends to propose tariffs on Boeing jets, as it prepares to retaliate further if trade talks with Washington...
Volvo Cars to cut 5% of jobs at South Carolina plant as tariffs bite
The changes would affect about 125 of the 2,500 employees at its factory in South CarolinaPublished Wed, May 7, 2025 · 06:31 PM[STOCKHOLM] Volvo Cars said on Wednesday (May...
Singapore stocks track regional gains on Wednesday; STI up 0.1%
[SINGAPORE] Local stocks ended higher on Wednesday (May 7), tracking gains in the region.The benchmark Straits Times Index (STI) gained 0.1 per cent or 4.96 points to 3,865.37. Across...
UOB halts earnings guidance amid macro uncertainties, but remains ‘committed’ to S$3 billion capital return plan
[SINGAPORE] Singapore’s third-largest lender UOB will suspend its 2025 earnings guidance, with plans to resume this once the macroeconomic situation stemming from US tariffs stabilises.At the same time, the...
Alibaba, Xiaohongshu in tie-up as China e-commerce competition intensifies
[SHANGHAI] Chinese e-commerce giant Alibaba is partnering with popular content platform Xiaohongshu to allow users on Xiaohongshu to directly click on product links to shop on Alibaba’s Taobao platform.
The...
Ex-Pavilion Energy chief Alan Heng to lead Singapore’s new central gas entity
[SINGAPORE] Singapore has established a new government-owned entity to centralise natural gas procurement, and appointed Alan Heng, who previously led gas trader Pavilion Energy, as its chief executive.The formation...
New Singapore GasCo entity to centralise gas procurement; ex-Pavilion Energy chief Alan Heng to lead outfit
[SINGAPORE] Singapore has established a new government-owned entity to centralise natural gas procurement, and has appointed Alan Heng, who previously led gas trader Pavilion Energy, as its chief executive.The...
Latest Singapore six-month T-bill cut-off yield falls to 2.3%
[SINGAPORE] The cut-off yield for Singapore’s latest six-month Treasury bill (T-bill) fell to 2.3 per cent, according to auction results released by the Monetary Authority of Singapore on Wednesday...
Amazon’s Zoox to scale up robotaxi production for US expansion
Published Wed, May 7, 2025 · 01:11 PMAMAZON’S self-driving start-up Zoox will increase production next year as it ramps up plans for a commercial rollout of its robotaxi fleet...
Asian airlines re-route, cancel flights due to India-Pakistan fighting
Published Wed, May 7, 2025 · 12:11 PM[TAIPEI] Several Asian airlines said on Wednesday they were re-routing or cancelling flights to and from Europe because of fighting between India...
UOB not ‘overly alarmed’ by US tariffs as its trade finance lending is mostly intra-regional: Wee Ee Cheong
[SINGAPORE] A strong balance sheet and capital base will help UOB navigate the uncertainties arising from US tariffs, said deputy chairman and chief executive officer Wee Ee Cheong. Speaking...
