News
SpaceX staff to get lavish park in Musk’s latest Texas land buy
[CHICAGO] Elon Musk’s SpaceX is planning to develop a sprawling private recreation complex on land adjacent to his Texas Starlink factory, the latest sign of the billionaire’s efforts to...
Companies keep slashing jobs. How worried should workers be about AI replacing them?
Tech companies that are cutting jobs and leaning more on artificial intelligence are also disrupting themselves.Amazon’s Chief Executive Andy Jassy said last month that he expects the e-commerce giant...
Hugo Boss shareholder Frasers warns it won’t back dividends
[LONDON] Frasers Group warned Hugo Boss it will vote against any dividends, as the British retailer owned by billionaire Mike Ashley exerts its influence after years of building a...
Bank of England’s policymaker warns neutral rate question can’t be avoided
[LONDON] Bank of England (BOE) policymaker Alan Taylor said UK officials cannot sidestep the question of where interest rates will settle, in a direct challenge to governor Andrew Bailey’s...
Oil falls slightly ahead of expected Opec+ output increase
[CALGARY] Oil futures slipped slightly in thin holiday trading on Friday (Jul 4), as the market looked ahead to this weekend’s Opec+ meeting and the likelihood that member countries...
Wealth fund KIA said to be seller of HK$26.8 billion AIA stake
Published Sat, Jul 5, 2025 · 01:11 AM[HONG KONG] The Kuwait Investment Authority (KIA) was the undisclosed shareholder behind the HK$26.8 billion (S$4.3 billion) sale of a stake in...
Cathay Cineplexes operator mm2 Asia to raise funds for debt repayment via proposed share placement
The announcement comes after the cinema chain received a S$3.4 million payment demand from the landlord of its shuttered Jem outlet[SINGAPORE] Media company mm2 Asia, which operates the Cathay...
Louis Vuitton Korea says systems breach led to customer data leak
Published Fri, Jul 4, 2025 · 08:15 PM[SEOUL] A systems breach at Louis Vuitton Korea in June led to the leak of some of customer data including contact information,...
Singapore shares slip as tariff pause will end soon; STI drops 0.2%
STI dips to 4,013.62 as decliners beat gainers 282 to 192 across the broader market [SINGAPORE] Singapore equities retreated along with some regional indexes on Friday (Jul 4) as...
A*Star, Siemens launch manufacturing R&D collaboration in Asean
[Singapore] The Agency for Science, Technology and Research (A*Star) and German industrial manufacturer Siemens signed a memorandum of understanding (MOU) on Friday (Jul 4) to jointly develop smart and...
