News

US structured Venezuela oil position to protect it from dilution, official says
Published Sat, Sep 5, 2026 · 08:35 AM[WASHINGTON] The US government structured its 35 per cent position in a Venezuelan oil venture as warrants that protect Washington’s stake from...
US stocks: Wall Street ends lower as solid jobs data fuels hawkish Fed bets
All three major US indexes close lower amid a broad selloff ahead of the three-day holiday weekendPublished Sat, Sep 5, 2026 · 07:48 AM[NEW YORK] Wall Street dipped on...
PayPal adds another round of layoffs
PayPal, the digital payments company, is laying off 251 employees at its San José headquarters in another round of layoffs, according to a recent government filing.The cuts are a...
Tesla’s Cybercab launch triggers federal safety probe
Tesla’s robotaxi services may have hit a roadblock following the highly-anticipated launch of the Cybercab.The electric vehicle company deployed its first Cybercabs in Austin, Texas, on Thursday night, prompting...
Dollar bounces as US jobs growth beats expectations
Published Fri, Sep 4, 2026 · 10:09 PM[NEW YORK] The dollar jumped on Friday (Sep 4) after data showed that employers added 162,000 jobs in August, well above the...
Pimco fund beating 97% of peers cuts Magnificent Seven to bet on Asia
Wall Street is growing sceptical over whether high valuations, soaring AI spending can justify further gainsPublished Fri, Sep 4, 2026 · 07:08 PMA TOP-PERFORMING fund manager at Pacific Investment...
This L.A. shop was cute before cute was cool. It launched on TikTok, and things got ugly
The little L.A. shop was a destination for Hello Kitty fans for decades when it decided to dive into a massive new wave of e-commerce — peddling its products...
Air India A320 issued stall warning when seatbelt signs were off, investigators say
A rapid pitch up and then down threw passengers and cabin crew against overhead bins and injured 24 in Aug 4 accidentPublished Fri, Sep 4, 2026 · 05:01 PM[BENGALURU]...
Economists see final ECB hike next week in split with markets
The Strait of Hormuz “has become the swing factor for the ECB’s future decisions”Published Fri, Sep 4, 2026 · 03:22 PM[BRUSSELS] Economists think the European Central Bank will raise...
Barclays opens private bank booking centre in Singapore
The lender previously exited the wealth business in Singapore and Hong Kong in 2016[SINGAPORE] Barclays has launched its private bank booking centre in Singapore, as part of its international...
Barclays steps up Singapore wealth push with launch of private bank booking centre, its second in Asia-Pacific
The lender previously exited the wealth business in Singapore and Hong Kong in 2016[SINGAPORE] Barclays has launched its private bank booking centre in Singapore, as part of its international...
Volkswagen plans to slash 50,000 more jobs amid dire need to reduce costs
Published Fri, Sep 4, 2026 · 12:05 PM[LONDON] Volkswagen said on Thursday (Sep 3) that it would go forward with the most sweeping restructuring in its 89-year history, cutting...