News
Glencore books US$480 million provision covering entire Radiant World exposure: sources
Several major commodity traders have moved to cut ties with Radiant World amid concerns it provided falsified documents to banksPublished Sun, Aug 30, 2026 · 08:57 AMGLENCORE took a...
What Meta’s $17-billion settlement revealed about the harms of social media
After months of hype and mere hours in front of the jury, California’s blockbuster suit against Meta ended on Wednesday with a sweeping $17-billion settlement and 130 pages of...
Walmart settles US government’s opioid lawsuit, which sought billions, for US$50 million
Published Sat, Aug 29, 2026 · 02:17 PMWALMART will pay US$50 million to settle a US government lawsuit accusing the nation’s largest retailer of fuelling a nationwide opioid epidemic...
OpenAI to end agreement with SpaceX’s AI coding tool Cursor, deepening Musk-Altman clash
SpaceX announced a deal to buy Anysphere, the startup behind Cursor, for US$60 billion in JunePublished Sat, Aug 29, 2026 · 12:27 PMOPENAI said on Friday (Aug 28) that...
Warsh’s inflation warning sets up September showdown for the Fed
Published Sat, Aug 29, 2026 · 11:02 AMFEDERAL Reserve Chairman Kevin Warsh’s tough message on inflation has set up the central bank’s September policy meeting as a pivotal moment...
Yen passes 160 per dollar to hit weakest level in a month
Published Sat, Aug 29, 2026 · 10:39 AMTHE yen moved past 160 per US dollar to its weakest level in a month, extending a slide that’s erased more than...
Trump says US is taking partial control of Venezuela’s vast oil reserves
Venezuela holds the world’s largest proven oil reserves but produces only about 1.25 million barrels per dayPublished Sat, Aug 29, 2026 · 09:05 AM — Updated Sat, Aug 29, 2026 ·...
Oil settles lower on clues about Fed policy, rumours of Hormuz deal
Published Sat, Aug 29, 2026 · 08:32 AM[HOUSTON] Oil prices settled lower on Friday (Aug 28), also down for the week as traders evaluated hints about the US Federal Reserve...
Boards should ‘preset’ instead of reset: Keppel chairman Piyush Gupta
Boards should be viewed as a ‘collective of talent’, much like a football team, he says[SINGAPORE] Boards should not be “reset” in response to a changing business and regulatory...
New AI-powered SMRT command centre aims to make bus services safer, more reliable and faster
All bus service operations will now be controlled from the Mobility Command and Control Centre in Gali Batu Bus Depot near Yew Tee[SINGAPORE] A new S$6 million command centre...
