Culture
Rivian to cut 600 jobs as loss of EV tax credit hits demand: source
[IRVINE, California] Rivian Automotive will lay off employees as the electric-vehicle maker contends with weakening demand following the expiry of key US tax credits that had supported sales, a...
Prada sales rise, boosting hopes of luxury sector recovery
Net sales rose to 4.07 billion euros (S$6.13 billion), a 6.3% increase year-on-year[MILAN] Prada sales rose in the first nine months of year as solid demand for its Miu...
Expect to keep paying record prices for coffee
President Trump’s tariffs obscure another major factor driving up coffee prices: climate change[WASHINGTON] Americans have been paying more for a cup of coffee after the US imposed a 50...
Withers to take action against Switzerland on Credit Suisse AT1 losses in Asia
The law firm is acting for investors across the region, including in Hong Kong and Singapore[SINGAPORE] International law firm Withers is commencing proceedings against Switzerland for its forced write-down...
ST Engineering bags new contracts worth S$4.9 billion in Q3 2025
For the nine months ended Sep 30, the company’s total contract wins amount to S$14 billion[SINGAPORE] ST Engineering on Thursday (Oct 23) announced that it secured S$4.9 billion in...
OUE Reit’s Q3 NPI falls 5.6% to S$57 million on Shanghai asset sale
[SINGAPORE] OUE Real Estate Investment Trust (Reit) posted a 5.6 per cent decline in net property income (NPI) to S$57 million for the third quarter ended Sep 30, from...
UOI 9-month comprehensive income rises 34.9% to S$40.6 million on investment gains
The improvement is mainly driven by marked-to-market gains on equity and fixed-income investments[SINGAPORE] United Overseas Insurance (UOI), the general insurance arm of UOB, reported a 34.9 per cent increase...
Singapore stocks rise as regional markets end mixed; STI up 0.5%
[SINGAPORE] Local shares ended Thursday (Oct 23) higher, even as markets across the region ended mixed.The benchmark Straits Times Index (STI) rose 0.5 per cent or 22.35 points to...
Singapore aims to be ‘trusted enabler’ of quantum innovation: Josephine Teo
The minister notes that the Republic is moving from theory to application when it comes to quantum computing[SINGAPORE] Singapore aims to be a “trusted enabler of innovation” and a...
PacificLight appoints Mitsubishi Power and Jurong Engineering to build S$1 billion hydrogen-ready power plant
[SINGAPORE] PacificLight Power announced on Thursday (Oct 23) that it has appointed a consortium comprising Jurong Engineering Limited (JEL) and Mitsubishi Power to build its S$1 billion hydrogen-ready power...
