Culture
Push to allow Norway’s wealth fund to invest in defence companies falters
[ad_1] [OSLO] Opposition efforts to allow Norway’s US$1.8 trillion wealth fund, the world’s largest, to invest in large defence companies appear to be faltering, according to lawmakers involved in the...
Temu, Shein see US sales drop in week after tariff price hikes
[ad_1] [NEW YORK] Shein Group and Temu saw double-digit sales declines in the week after they raised retail prices to cover the costs of increased US tariffs, an initial sign...
Hot, dry weather threatens output in China’s wheat-growing belt
[ad_1] Drought in the country’s northern grains production region is set to continue in the next ten days, while heavy rains are forecast to batter some areas in southern China...
Amazon’s Zoox to scale up robotaxi production for US expansion
[ad_1] Published Wed, May 7, 2025 · 01:11 PMAMAZON’S self-driving start-up Zoox will increase production next year as it ramps up plans for a commercial rollout of its robotaxi fleet...
Rivian cuts EV delivery outlook, sees tariff impact
[ad_1] [AUSTIN] Rivian Automotive said full-year deliveries will decline more sharply than it anticipated just a month ago, citing risks that US President Donald Trump’s trade war will further dampen...
UOB not ‘overly alarmed’ by US tariffs as its trade finance lending is mostly intra-regional: Wee Ee Cheong
[ad_1] [SINGAPORE] A strong balance sheet and capital base will help UOB navigate the uncertainties arising from US tariffs, said deputy chairman and chief executive officer Wee Ee Cheong. Speaking...
World’s trade superhighway feels strain from US-China decoupling
[ad_1] [HONG KONG] Container liners are starting to sever shipping routes that link the US and China across the Pacific, as US President Donald Trump’s trade war upends the industry...
Frasers Logistics & Commercial Trust posts 13.8% lower H1 DPU of S$0.03
[ad_1] [SINGAPORE] Frasers Logistics and Commercial Trust (FLCT) on Wednesday (May 7) posted a 13.8 per cent fall in distribution per unit (DPU) to S$0.03 for its first half ended...
US SEC’s new chief says 15% of staff have left, contract cuts to come, sources say
[ad_1] [WASHINGTON] The new head of the US Securities and Exchange Commission told staff on Tuesday the agency has lost 15 per cent of its headcount across offices and divisions...
CATL’s Hong Kong listing draws interest from Qatar sovereign fund, KIA, Sinopec, Hillhouse
[ad_1] [HONG KONG] Qatar Investment Authority (QIA) and Sinopec are considering investing in Contemporary Amperex Technology Co Limited’s Hong Kong listing, one of the city’s biggest share sales in recent...
