News
China, EU stand firm on shipping emission deal despite US threats
CHINA, the European Union and several other members of the International Maritime Organization reaffirmed their support on Tuesday for ambitious plans to cut shipping emissions, despite US threats.Initially approved...
China flexes superpower status using rare earths in global supply chain grab
[BEIJING] China’s sweeping new restrictions on rare earth exports mark its first major effort to police the global flow of critical minerals it dominates, using the same playbook that...
Oil settles down 1.5% on US-China trade tensions, IEA warning of glut
[HOUSTON] Oil prices fell on Tuesday, settling 1.5 per cent lower as the International Energy Agency warned of a huge supply glut in 2026, and as trade tensions persisted between the...
Spotify video podcasts are coming to Netflix
Spotify video podcasts are coming to Netflix, further diversifying the types of content on the Los Gatos, Calif.-based streaming service beyond movies, TV shows and games.The move reflects how...
Goldman Sachs plans more job cuts to boost savings, leverage AI push
[NEW YORK] Goldman Sachs Group told staffers to expect an additional round of job cuts this year as the bank seeks further savings across its businesses and takes advantage...
Centurion Corp acquires London site for £41 million to develop student housing
Acquisition marks Centurion’s entry into London, the sixth city within its UK portfolio[SINGAPORE] Mainboard-listed Centurion Corp has acquired a land site in central London for £41 million (S$71 million)...
IMF warns of dim outlook for world economy hit by rolling shocks
The global economy is expected to grow by 3.2% this year, up from 3% predicted in July[WASHINGTON] The International Monetary Fund warned that the global economy is showing signs...
Wall St opens lower on US-China tensions; bank results pour in
[NEW YORK] Wall Street’s main indexes opened lower on Tuesday (Oct 14) with renewed trade tensions between US and China souring sentiment, while investors also parsed results from big...
Swiss court says 16.5 billion Swiss francs bond write-off in Credit Suisse rescue was unlawful
[ZURICH] A Swiss court on Tuesday (Oct 14) said the Swiss financial market regulator’s 2023 decision to write off 16.5 billion Swiss francs (S$26.7 billion) worth of Credit Suisse...
Seatrium stays bullish on green bets despite axing of US$475 million wind project
The offshore and marine player is also exploring ‘moonshot’ projects such as a floating nuclear platform[SINGAPORE] Even in the face of a US$475 million contract termination for a wind...
