News

COE woes: When emotions get in the way of efficiency
SINGAPORE’S policymakers have always had an eye on efficiency. But efficiency may not be a convincing aim for citizens – as seen, for instance, with the perennial hot topic...
Europe: Shares fall as Middle East tensions weigh; eyes on Fed decision
EUROPEAN shares declined on Wednesday as investors awaited the Federal Reserve’s monetary policy decision, with ongoing tensions in the Middle East adding to market uncertainty.The pan-European Stoxx 600 index closed 0.36...
Microsoft planning thousands more job cuts aimed at salespeople
Published Thu, Jun 19, 2025 · 06:12 AM[NEW YORK] Microsoft is planning to cut thousands of jobs, particularly in sales, as part of the company’s latest move to trim...
Sats prices US$100 million in fixed-rate notes at 4.648%
[SINGAPORE] In-flight caterer and ground handler Sats on Wednesday (Jun 18) priced US$100 million in fixed-rate notes due Jun 23, 2030, at 4.648 per cent.The Series 003 notes will...
Want to invest in nuclear energy? DBS cites opportunities in mining, utilities stocks
[SINGAPORE] As global interest in nuclear energy surges, investors can gain exposure to the sector by betting on physical uranium or miners, utilities companies and reactor manufacturers, said DBS...
Malaysia to build 50% more gas-fired power capacity to meet data centre demand
[KUALA LUMPUR] Malaysia is expected to add 6-8 gigawatts of gas-fired power by 2030 to address growing electricity consumption driven by demand from data centres, an industry official said.The...
Waymo expands service area in Los Angeles and San Francisco
Waymo, the autonomous taxi company that’s offered rides in Los Angeles since November, is expanding its service area in the city.Starting Wednesday, the driverless taxis will roam more than...
Train a virtual dragon? Film studios turn to Roblox and other games to reach young fans
Surrounded by virtual cliffs and a cascading waterfall, dragon riders on Roblox’s massive online gaming platform immerse themselves in a memorable scene from “How to Train Your Dragon.”In the...
Thai Airways exits debt restructuring plan with court approval
[BANGKOK] Thai Airways International won court approval to exit a debt restructuring programme, paving the way for resumption of trading in its stocks after a four-year gap.The Central Bankruptcy...
Competition watchdog flags Agoda’s Singapore website, mobile app for potentially misleading features
[SINGAPORE] Singapore’s competition watchdog has raised concerns with Agoda over several design features on its Singapore website and mobile application that were found to be potentially misleading. A number...
Abu Dhabi state oil firm makes US$18.7 billion bid for Australia’s Santos
[SYDNEY] Abu Dhabi’s state-owned oil company is leading a takeover bid for Australian energy group Santos, valuing it at US$18.7 billion, the two firms said on Monday (Jun 16).Santos’...
Leonard Lauder, billionaire heir to cosmetics empire, dies at 92
[WASHINGTON] Leonard Lauder, who built Estee Lauder into one of the world’s biggest cosmetics makers and catapulted himself into the top echelon of wealthiest New Yorkers, has died. He...