News
UK government takes over another steelmaker as industry suffers
Published Fri, Aug 22, 2025 · 06:54 AMTHE UK government said on Thursday that it would take temporary ownership of the country’s third-largest steelmaker, putting its 1,450 jobs at...
Europe: Shares steady with Fed’s summit in focus; US-EU lock in trade deal
EUROPEAN equities were subdued on Thursday as investors awaited updates from the Federal Reserve’s Jackson Hole symposium, while the United States and European Union locked in a framework trade deal reached...
Changi Travel Services cuts 30 staff amid market shifts
[SINGAPORE] Changi Travel Services (CTS) is laying off 30 staff as part of an ongoing restructuring process to tackle changing market conditions, it said on Thursday (Aug 21).
Affected staff...
Singapore, Hong Kong want a slice of the US$250 billion stablecoin pie
[SINGAPORE] Regional financial centres Singapore and Hong Kong are both aiming to capture a piece of the US$250 billion stablecoin market.On Aug 1, Hong Kong launched a regulatory regime...
Swiss banker bonus cap proposal watered down in parliament
[ZURICH] Swiss lawmakers have watered down a proposal that would have installed a fixed upper limit on compensation at the country’s biggest banks including UBS Group.In March, the upper...
Musk’s Starlink courts luxury airlines to grow in-flight Wi-Fi business
[WASHINGTON] For the past three years, Elon Musk has steadily elbowed his way into the booming market for in-flight Wi-Fi, with his Starlink service signing up blue-chip carriers from...
McDonald’s Japan scraps ‘One Piece’ promotion after Pokemon frenzy
Published Thu, Aug 21, 2025 · 01:37 PMMCDONALD’S Japan has cancelled a promotion based on the classic One Piece manga series, after a similar Pokemon-themed campaign sparked a frenzy...
Global beauty firms look to carve up Indian market as ‘last bastion’ of growth
[CHENNAI] From Japan’s Shiseido to France’s L’Oreal, global cosmetics giants are doubling down on India, betting on the world’s most populous nation as a key growth market for premium...
Estee Lauder cuts some prices despite the continued tariff toll
Published Thu, Aug 21, 2025 · 10:49 AM[NEW YORK] Estee Lauder is lowering prices on some items to boost sales, an unusual move at a time when many US...
Great Eastern resumes trading after year-long suspension; closes 10% lower than OCBC’s best offer
[SINGAPORE] Great Eastern Holdings (GEH) resumed trading on Thursday (Aug 21), after a proposed bonus share issue lifted its free float above 10 per cent. It was suspended from...
