Fashion
From banks to tech: Job cuts and layoffs for 2025
[SINGAPORE] In 2025, a growing number of corporations globally have announced job cuts, as macroeconomic pressures, restructuring efforts, and shifting strategies force companies to trim their workforces.Here are some...
Standard Chartered faces US$2.7 billion lawsuit over alleged role in 1MDB fraud; bank ‘emphatically rejects’ claims
[SINGAPORE] Liquidators seeking to recoup misappropriated funds from Malaysia’s sovereign wealth fund 1Malaysia Development Berhad (1MDB) have initiated legal proceedings against Standard Chartered Bank in the High Court of...
China raises quota for foreign investment, ending 13-month pause
The QDII programme allows local institutional investors who meet certain conditions to buy foreign securities, bonds, and commodities within their prescribed limitPublished Tue, Jul 1, 2025 · 01:42 PM[BEIJING]...
KKR starts financial advisory platform to widen choices for Singapore consumers
[SINGAPORE] Global asset manager KKR has started a platform for financial advisory (FA) firms that will give customer more choices.Launched on Tuesday (Jul 1), Ascend Asia brings together independent...
PwC Singapore appoints 11 new partners across different practices
[SINGAPORE] PwC Singapore has named 11 new partners as it responds to increasing demand for industry-focused advice and cross-border capabilities.The appointments spanned a wide range of sectors, including financial...
Sydney flights disrupted by heavy rain and winds, flood alert raised
Published Tue, Jul 1, 2025 · 09:32 AM[SYDNEY] Strong winds and heavy rain led airlines to cancel many domestic flights from Sydney on Tuesday as Australia’s weather bureau warned...
Stocks to watch: CDL, UMS Integration, Capital World
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Tuesday (Jul 1): City Developments Ltd (CDL): Its Singapore-based subsidiary, Millennium Hotels and Resorts,...
Nissan seeks to delay supplier payments to free up cash, company emails show
[TOKYO] Nissan Motor has asked some suppliers to allow it to delay payments to free up short-term funds, according to several emails and a company document reviewed by Reuters,...
Zuckerberg debuts Meta ‘superintelligence’ group, more hires
[SAN FRANCISCO] Meta Platforms chief executive officer Mark Zuckerberg announced a major restructuring of the company’s artificial intelligence (AI) group, including a commitment to developing AI “superintelligence”, or systems...
Robinhood launches tokens allowing EU users to trade in US stocks
[BENGALURU] Robinhood said on Monday (Jun 30) it has launched tokens that will allow its customers in the European Union to trade more than 200 US stocks and exchange-traded...
Oracle inks cloud deal worth US$30 billion a year
That revenue alone would represent nearly three times the size of Oracle’s current infrastructure businessPublished Tue, Jul 1, 2025 · 06:00 AM[AUSTIN] Oracle said it has signed a single...
Wess Roley: Baby Faced Idaho Gunman Celebrated His Birthday Last Month His Mom Claims but Motive Behind Rampage Remains Unclear
The sniper who shot dead two firefighters in Idaho had celebrated his 20th birthday last month, according to his mother. The gunman was identified by officials on Monday as...