News
Starbucks sales rebound globally, coffee prices bite margins
Global prices for raw arabica beans are up more than 20% this year after soaring 70% in 2024[NEW YORK] Starbucks posted on Wednesday (Oct 29) that its first quarter...
Microsoft cloud customers face widespread disruptions
MICROSOFT cloud customers experienced widespread service disruptions on Wednesday after the company said “inadvertent configuration change” affected its widely used Azure service.The bug, which began at 1600 GMT, affected...
Alphabet hikes capex again after earnings beat on strong ad, cloud demand
STRONG AI demand helped power Alphabet‘s financial results, as both the core advertising and cloud computing businesses of the Google parent beat revenue expectations. Despite whispers of concerns over a...
Europe: Shares pause at highs after earnings
EUROPE’S Stoxx 600 was muted on Wednesday as investors awaited the US Federal Reserve’s rate decision later in the day, while parsing through a raft of corporate earnings.The continent-wide...
Cameo sues OpenAI for trademark infringement
OpenAI, which faced a fierce blowback in Hollywood last month as images of celebrities and dead newsmakers were manipulated without consent, is now drawing more scrutiny over its practices.This...
Global automakers scramble for chips as Nexperia supply crunch threatens production
Nissan and Mercedes are among the carmakers trying to come to grips an uncertain supply situation[TOKYO/BERLIN] Global automakers are scrambling to find chips and checking with suppliers to see...
Singapore receives interest from Malaysian firms to export renewable energy through second interconnector
For the city-state to achieve its net-zero carbon emissions target by 2050, the Asean Power Grid’s success is crucial[SINGAPORE] Singapore’s energy regulator has received considerable interest from companies in...
Adidas sees 120-million-euro Trump tariff hit
[FRANKFURT] German sportswear giant Adidas said Wednesday (Oct 29) that it expected US President Donald Trump’s tariff blitz to cost it 120 million euros (S$180.7 million) for the year.The...
Singapore expands electricity system with Meranti’s hydrogen-ready power plant
At full capacity, the 682-megawatt facility on Jurong Island can power over a million four-room flats[SINGAPORE] The Energy Market Authority’s (EMA) wholly owned subsidiary, Meranti Power, has developed a...
Director of Hong Leong Asia unit resigns amid probe by authorities in China
Wu Qiwei, a former board member of China Yuchai International, is suspected of ‘serious violations of discipline and law’[SINGAPORE] Wu Qiwei, a director of Hong Leong Asia subsidiary China...
