Richard Li’s FWD rises in HK debut, reversing earlier decline
The insurer plans to use the proceeds to reduce debt, support growth and enhance its digital capabilities — Billionaire Richard Li’s FWD Group…
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Culture
Richard Li’s FWD rises in HK debut, reversing earlier declines
Billionaire Richard Li’s FWD Group Holdings rose in its Hong Kong trading debut, reversing earlier declines, after an initial public offering (IPO) that raised HK$3.5 billion (S$570…
After petrol, China’s oil refiners face a jet fuel glut
China’s oil refiners are grappling with an oversupply of jet fuel, in yet another blow to the bottom line of a sector already dealing with ebbing demand for petrol and diesel. In the…
Gold prices drop as Trump signals trade deals, extends tariff reprieve
Gold prices dropped on Monday (Jul 7) after US President Donald Trump signalled progress on multiple trade agreements and announced extended tariff reprieve for several countries,…
Del Monte Pacific expects capital deficit from write-offs of US unit’s bankruptcy
Its equity investment in Del Monte Foods and receivables due from the unit are expected to be subject to impairment Del Monte Pacific expects to record a capital deficit on its balance…
Xiaomi founder’s bold EV bet is paying off where Apple’s failed
Lei Jun, founder and chairman of Xiaomi, the only tech company to have successfully diversified into carmaking, could not resist. Speaking at a triumphant launch event in Beijing late last…
TikTok building new version of app ahead of expected US sale: report
TikTok is building a new version of its app for users in the United States ahead of a planned sale of the app to a group of investors, The Information reported on Sunday (Jul 6),…
Oil slips 1% after Opec+ accelerates output hikes
Oil prices slipped 1 per cent at the start of trading on Monday after Opec+ accelerated output hikes and raised concerns about oversupply. Brent crude futures fell 67 cents, or 1…
Oil tumbles as Opec+ hikes August output more than expected
Oil prices slipped more than 1 per cent on Monday after Opec+ surprised markets by hiking output more than expected in August, raising concerns about oversupply. Brent crude futures fell…
Reit-owned malls more likely to forgo higher rents for right tenant mix
For Singapore-listed real estate investment trusts (S-Reits), rent increases are tempered by longer lease terms, a need to curate tenant mixes to drive foot traffic, and a focus on keeping…
AIA Singapore steps up wealth management ambitions even as it leverages ageing trend
By 2026, an estimated 21 per cent of Singapore’s population will be aged 65 and above, making it a “super-aged” society. This is a rise from the current 17 to 18 per cent. Such a…
S&P 500 expected to rally further
The S&P 500 staged a remarkable comeback in the second quarter of 2025, recording a new all-time high on Jun 27, after rebounding over 28 per cent from the swing low of 4,835 points…
When We Forget Our History, We Risk Our Future
In our highly partisan political moment, civics education is perhaps more important than ever. Source link
Kentucky's Gov. Beshear says Trump's 'big beautiful bill' will 'hit rural America right in the face'
Kentucky Gov. Andy Beshear said President Trump and the Republican-controlled Congress are waging war on rural America. Source link
Pressure from Trump for trade deals before Wednesday deadline, but hints of more time for talks
The Trump administration is stepping up pressure on trading partners to quickly make new deals before a Wednesday deadline, with plans for the United States to start sending letters Monday…
Treasury Secretary Scott Bessent throws shade at Elon Musk's plans for new political party
Treasury Secretary Scott Bessent downplayed Elon Musk's announcement that he is forming a new political party in response to President Trump signing his massive tax and spending plan that…
Rep. Joaquin Castro calls for probe of weather service staffing following deadly floods in Texas
Rep. Joaquin Castro said Sunday there should be an investigation into whether staffing shortages at the National Weather Service made it harder to respond to the devastating flash flooding…
House Speaker Mike Johnson: Voters will ride high on Trump's 'big beautiful bill' during midterms
House Speaker Mike Johnson said Sunday that Republicans are confident President Trump's "big, beautiful bill" will be an electoral winner in the 2026 midterm elections. Source link
House Speaker Mike Johnson: 'Our hearts go out to' those impacted by deadly Texas flash floods
House Speaker Michael Johnson said Sunday he is praying for the victims and families affected by flash flooding in Central Texas. Source link
Treasury Secretary Scott Bessent: 'Tariff derangement syndrome' is driving criticism of trade plan
Treasury Secretary Scott Bessent says "tariff derangement syndrome" has infected the discussion of President Trump's trade plan. Source link
Trump's mission to end DEI spurs companies to retreat from woke corporate culture
President Trump's effort to dismantle diversity, equity, and inclusion programs in government is ripping through the private sector, forcing companies to scrub their websites and overhaul…
Trump's big, beautiful bill boots millionaires off unemployment benefits
The days of mega-millionaires claiming federally funded unemployment benefits are about to end. Source link
Should you try a no-meeting week?
Knowledge‑workers spend roughly one working day every week, or 23% of their time, in a meeting. The weight of the workday often prevents employees from having uninterrupted time to…
Trump and GOP target ballots arriving after Election Day that delay counts and feed conspiracy fears
President Donald Trump and other Republicans have long criticized states that take weeks to count their ballots after Election Day. This year has seen a flurry of activity to address it.…