News

Oil prices settle in mixed direction on conflicting reports of US-Iran ceasefire deal
Traffic through the maritime chokepoint remains a small fraction of the pre-war levelPublished Fri, May 29, 2026 · 06:15 AM[NEW YORK] Oil prices settled mixed on Thursday (May 28)...
Waymo launches services with cheaper robotaxis in Los Angeles
Waymo is rolling out a new driverless taxi to help the company expand into more cities and tackle tougher driving conditions, including snowy roads, the company announced Wednesday.The new...
Osim founder Ron Sim drops claims against Trek 2000, sells 7.3% stake to Azure Capital
[SINGAPORE] Fund manager Azure Capital has become a substantial shareholder of Trek 2000 International, the company known for its ThumbDrive USB flash drive.In a bourse filing on Thursday (May...
ST Engineering names its group COO and commercial aerospace president as group deputy CEO
The group deputy CEO post has been vacant for 9 years, but the company says filling it now reflects its expansion[SINGAPORE] ST Engineering has appointed Jeffrey Lam as group...
Chinese dronemaker DJI defends security of products
Published Thu, May 28, 2026 · 08:53 PM[WASHINGTON] Chinese dronemaker DJI on Thursday told US lawmakers an outside review showed its drones do not pose security risks as it...
OKP wins S$165.3 million LTA contract for commuter infrastructure works
[SINGAPORE] Infrastructure and civil engineering company OKP has secured a S$165.3 million contract from the Land Transport Authority for commuter infrastructure works in Singapore.Under the 48-month contract, which commenced...
Tiger Brokers, Moomoo, Longbridge Singapore units ‘financially independent’ amid China crackdown: MAS
But market observers note that the separation between customers’ funds and a company’s assets ‘is not completely airtight’[SINGAPORE] The Singapore entities of three foreign brokerages targeted by Chinese regulators...
How Issa Rae built TikTok’s first micro-drama hit
A brawny bodyguard shoves a bruised man, hands tied behind his back, toward the hood of a black SUV. A pen and a contract lay atop the metal, ready...
Michelin to cut up to 1,500 jobs in France to reduce costs
Published Thu, May 28, 2026 · 05:13 PMFRENCH tyre maker Michelin is considering a plan to cut up to 1,500 jobs over three years to reduce costs, the company...
Ex-BP chair Manifold says not everyone shared his efficiency priorities, but praises executives
Published Thu, May 28, 2026 · 04:17 PM[LONDON] Ousted BP chair Albert Manifold said on Thursday that he felt not everyone at the oil major had shared his priorities...
JD.com founder vows to protect Chinese jobs from AI and robots
Published Thu, May 28, 2026 · 03:19 PM[BEIJING] JD.com founder Liu Qiangdong vowed to prevent the e-commerce firm’s 900,000-strong workforce from losing their jobs to automation, seeking to allay...
US private credit risks not mirrored in South-east Asia: IFS Capital CEO
Randy Sim explains why the region’s credit landscape looks nothing like that of the US and why we should differentiate them[SINGAPORE] Private credit may be dominating global financial headlines,...