Vingroup seeks private loan to buy KKR’s stake in Vinschool
Vietnamese conglomerate Vingroup is seeking a around US$300 million private credit loan to purchase KKR’s stake of about 38 per cent in its education subsidiary Vinschool,…
Section
Culture
Citi to cut 3,500 technology jobs in China as part of global revamp
— Citigroup will reduce the number of employees at two of its technology centres in China by about 3,500, the bank said on Thursday, as part of…
Citi to cut 3,500 tech jobs in China in global revamp
Citigroup will reduce the number of employees at two of its technology centres in China by about 3,500, the bank said on Thursday (Jun 5), as it pushes to simplify and shrink global tech…
China’s power prices nosedive, providing relief to tariff-hit factories
A crash in Chinese coal prices, and a flood of clean energy, are cutting power rates in major industrial hubs, easing pressure on some of the factories caught in the crossfire of trade…
Gold edges higher as soft US data lifts safe-haven demand
Gold prices nudged higher on Thursday (Jun 5), as weaker-than-expected US economic data spurred demand for safe-haven assets, while market participants also assessed persistent…
Trump, citing national security concerns, signs new travel ban for 19 countries
President Trump issued a new broad travel ban Wednesday on 12 countries and a partial ban on seven others, saying the U.S. doesn't have enough confidence in their systems to be able to…
Supreme Court won't block release of officers' names who attended 'Stop the Steal' rally
The Supreme Court on Wednesday refused to block a state court ruling that would reveal the names of Seattle police officers who were investigated for attending President Trump's Jan. 6,…
Amazon’s delivery, logistics get an AI boost
[SUNNYVALE, California] Amazon wants customers to know that artificial intelligence is not just for writing college essays. In a series of announcements on Wednesday, Amazon demonstrated…
Trump issues proclamation to block new foreign students from studying at Harvard
President Trump issued a proclamation Wednesday night ordering his government to deny entry to the U.S. for any new foreign students who plan to study at Harvard University, saying the…
Trump orders DOJ probe of Biden aides commandeering the autopen
President Trump Wednesday ordered Attorney General Pam Bondi to investigate the Biden administration's use of the autopen and alleged actions by aides to hide President Biden's cognitive…
Senate Republicans want to reopen SALT deal but worry about House margins
Senate Republicans are considering whether to lower the House-proposed $40,000 cap on the federal deduction for state and local taxes, known as SALT, as they work on changes to President…
Stablecoin issuer Circle raises US$1.05 billion in upsized US IPO
CIRCLE Internet on Wednesday (Jun 4) priced its upsized US initial public offering (IPO) at US$31 apiece, raising US$1.05 billion, adding fresh momentum to a growing pipeline of late-stage…
Stocks to watch: ThaiBev, Far East Orchard
The following companies saw new developments that may affect trading of their securities on Thursday (Jun 5). ThaiBev: The beer maker announced a US$2 billion multicurrency debt issuance…
AI isn’t coming for your job—it’s coming for your company
Debate about whether artificial intelligence can replicate the intellectual labor of doctors, lawyers, or PhDs forgoes a deeper concern that’s looming: Entire companies—not just individual…
The communications playbook for company milestones
Congratulations! You’ve just closed a funding round or hit a major milestone in your company’s journey. Now, it’s time to share this exciting moment with the world. As a founder or company…
Smart technology is making our homes safer
The ability to stay connected through technology plays a pivotal role in our everyday lives, but in some areas of our lives we are only beginning to realize the life-saving potential of…
Trump's support of Rose among the voices Manfred listened to in ruling MLB ban ended with death
President Trump's support of Pete Rose was among the factors Major League Baseball Commissioner Rob Manfred weighed when he decided last month that permanent bans by the sport ended with…
White House pushes back on CBO estimate that Trump bill could add $2.4T to deficit
Office of Management and Budget Director Russell Vought on Wednesday pushed back on new analysis by the nonpartisan Congressional Budget Office concluding President Trump's massive tax and…
Even after explosive run, European defence stocks may still have firepower left
On Sunday (Jun 1), more than 100 Ukrainian drones, reportedly launched from deep in Russian territory, damaged or destroyed US$7 billion worth of Russian aircraft. That same day, Ukraine…
Top Senate Democrat on Judiciary Committee meets with federal judges over threats
The top Democrat on the Senate Judiciary Committee met with three federal judges on Wednesday over concerns about threats and the safety of the judiciary in the wake of President Trump and…
Can healthcare go green without compromising safety?
U.S. hospitals generate nearly six million tons of waste each year, and a single patient can be responsible for more than 30 pounds a day. Much of that waste comes from the operating room…
Europe: German stocks rise on tax relief package approval; Stoxx 600 touches one-week high
EUROPEAN stocks closed higher on Wednesday, buoyed by Berlin’s approval of a 46- billion euro (S$68.2 billion) corporate tax relief package aimed at kick-starting growth. The relief…
US economic activity declines as tariffs pressure prices, Fed says
The report notes that firms with plans to pass along tariff-related costs to consumers expect to do so within three months Economic activity declined slightly in the US in recent…
Going green in a multi-polar world
BY HOW much has the world progressed in climate mitigation and abatement? A cursory look may be disheartening. 2024 was the hottest year on record; it was the first calendar year when…