News
Shareholder change ‘not a new thing’; firm’s strength comes from its talent: Cycle & Carriage MD
The Singapore and Malaysia car retailer’s staying power stems from its management and people, says Wilfrid Foo[SINGAPORE] Right off the bat, the head of automobile distributor Cycle & Carriage...
Uber explores Delivery Hero takeover to fight DoorDash globally: sources
The ride-hailing giant has been making acquisitions overseas to strengthen its position internationallyPublished Sat, May 23, 2026 · 03:42 PM[SAN FRANCISCO] Uber Technologies is exploring options for a full...
Space ETFs booming in anticipation of SpaceX IPO
Analysts highlight sector growth but warn of overlapping holdings and niche market risksPublished Sat, May 23, 2026 · 12:38 PM[PROVIDENCE, Rhode Island] Space-themed exchange-traded funds are blasting off, with...
Anthropic nears US$30 billion funding round to top OpenAI as most valuable AI startup
Published Sat, May 23, 2026 · 11:34 AM[NEW YORK] Anthropic is set to close its latest round of funding, which may top US$30 billion at a valuation above US$900...
Oil prices settle higher on slow progress in US-Iran peace talks
Published Sat, May 23, 2026 · 09:45 AM[HOUSTON] Oil prices climbed on Friday (May 22), as investors worried that the US and Iran would be unable to reach a...
European shares end at more than one-month high on tech boost
Analysts expect a deal that includes opening the Hormuz to lift European equitiesPublished Sat, May 23, 2026 · 07:41 AM[BENGALURU] European shares finished at their highest in over a...
Waymo suspends all freeway rides over safety
Waymo said that it’s pausing its robotaxi services on freeways in the U.S. as it updates its software to improve performance around construction zones and flooded roads.Before the suspension,...
UI Boustead Reit, Boustead unit to co-invest in S$104 million Seletar aerospace facility
The real estate investment trust may fully purchase the asset after it gets a temporary occupation permit[SINGAPORE] UI Boustead Real Estate Investment Trust (Reit) and Boustead Singapore are co-investing...
Fed’s Waller says next move as likely to be rate hike as cut
Published Fri, May 22, 2026 · 11:04 PMFEDERAL Reserve Governor Christopher Waller said he supports making clear the central bank’s next interest-rate move is just as likely to be...
Wall St rises at open, Dow hits record high
Published Fri, May 22, 2026 · 09:42 PM[NEW YORK] Wall Street’s main indexes opened higher on Friday (May 22) with the Dow hitting an intraday record high as investors...
Another California tech company lays off thousands, citing AI
The layoffs bludgeoning the tech industry continued this week as artificial intelligence reshapes the industry.Mountain View-based Intuit, the maker of TurboTax, on Wednesday said it was laying off 17%...
What the furore over ‘lower-value human capital’ reveals about AI and the future of banking
Lenders are learning that the artificial intelligence transition requires more than charting productivity gainsAS BANKS around the world wax lyrical about the transformative potential of artificial intelligence, most executives...