We. Communications cuts some of its Singapore workforce
The firm has also suspended salary reviews and bonuses for all levels until June 2026 Public relations company We. Communications recently laid off a significant number of staff in its…
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Fashion
Financial health of young Indonesians worsens in 2025 as savings decline: OCBC survey
The OCBC Financial Fitness Index for Indonesia falls for the first time in four years The financial health of Indonesia’s younger generation fell in 2025 amid a decline in savings, a…
Asia: Markets drop as US data, new tariff threats dent sentiment
MARKETS retreated on Friday as nagging uncertainty about the US interest rate outlook was compounded by data showing the world’s biggest economy faring much better than expected and fresh…
Income funds with higher yields as lower rates weigh on investors: Morningstar
Investors seeking steady income streams are reassessing their options as yields on Singapore Treasury bills (T-bills) plummet this year, and the prospect of US interest rate cuts clouds…
Baidu eyes Australia, South-east Asia for next robotaxi expansion
BAIDU is exploring new markets including Australia for its robotaxis as its expanding fleet hits operational profitability targets in several cities across China. Apollo Go, part of the…
F&N Malaysia unit to sell 50% stake in property development JV for about RM180 million
The sale of its interest in the joint venture with Frasers Property is expected to result in a one-off gain of about RM83.2 million Fraser and Neave Holdings Berhad (FNHB) announced on…
Dallas Fed President says central bank should consider replacing its benchmark rate
LORIE Logan, president of the Federal Reserve Bank of Dallas, has proposed replacing the central bank’s benchmark federal funds rate - the primary tool the central bank has used to steer…
EU plans tariffs of 25 to 50% on Chinese steel and related products, Handelsblatt reports
The European Commission plans to impose tariffs of 25 to 50 per cent on Chinese steel and related products in the next few weeks, German business daily Handelsblatt reported citing senior…
Amazon’s AWS CEO chides staff for slow product rollouts
Amazon Web Services’ top executive admonished staff on Thursday for what he called slow product rollouts by the cloud computing provider at its premier Reinvent customer event in December,…
Oil holds steady at multi-week high as Russia limits fuel exports, US GDP revised up
Oil prices steadied on Thursday after hitting a seven-week high in the previous session as Russia moved to restrict fuel exports until the end of the year, but the gains were limited by…
Trump signs executive order to keep TikTok operating in U.S.
President Trump on Thursday signed an executive order that would allow hugely popular social video app TikTok to continue to operate in the United States. TikTok’s parent company,…
US: Wall Street indexes fall as data raises uncertainty for rate-cut outlook
US stocks were lower on Thursday, with most sectors down, as economic data increased uncertainty about the outlook for interest rate cuts. Data showed initial jobless claims dropped 14,000…
Europe: Shares touch three-week low as med-tech hit by US import probes
EUROPEAN stocks were dragged down by med-tech shares on Thursday after the US launched fresh import probes, while investors sifted through comments from Federal Reserve officials and…
Spotify says it removed millions of 'spammy' AI-generated music tracks
Spotify has removed more than 75 million AI-generated “spammy” music tracks from its platform over the past 12 months, the company said Thursday, stepping up its crackdown on unauthorized…
Amazon to pay $2.5 billion to settle allegations it duped people into subscribing to Prime
Amazon has agreed to pay $2.5 billion to settle accusations that the e-commerce giant tricked millions of customers into subscribing to Prime and made it tough for them to cancel. The…
Billionaire Xiaomi founder Lei Jun debuts a US$630 answer to iPhone 17
Lei challenges Apple directly, shifting Xiaomi’s branding and timing to rival the US company’s best Xiaomi’s billionaire co-founder unveiled a US$630 smartphone designed to take on the…
11 enterprises and individuals honoured at 2025 Sustainability Impact Awards
Asset manager Keppel, Singapore Management University (SMU) president Lily Kong and Edible Garden City co-founder Bjorn Low clinched top honours at this year’s edition of the…
US: Wall Street opens lower as investors reassess rate-cut hopes
Wall Street’s main indexes opened lower on Thursday (Sep 25), as fresh economic data and remarks from a Federal Reserve official tempered optimism around further rate cuts. The Dow Jones…
Wilmar found guilty of corruption as Indonesia’s Supreme Court overturns previous acquittal
The Indonesian Attorney-General’s Office is seeking 11.8 trillion rupiah in compensation and a billion rupiah fine from the agri-giant Singapore-based global palm oil company Wilmar…
Influencers say the ‘not financial advice’ disclaimer is insufficient, as MAS issues warnings to five content creators
But they say MAS guidelines will make them more careful about the clients they choose to work with Getting your financial education from advertisements on social media? Ads put out by…
Influencers agree the ‘not financial advice’ disclaimer is insufficient, as MAS issues warnings to five content creators
But they say MAS guidelines will make them more careful about the clients they choose to work with Getting your financial education from advertisements on social media? Ads put out by…
European banks to launch euro stablecoin in bid to counter US dominance
The new Amsterdam-based company is expected to launch its stablecoin in the second half of next year A consortium of nine European banks, including ING and UniCredit, said on Thursday (Sep…
SingPost appoints Mark Chong as group chief executive officer
Currently group chief corporate officer at Singtel, Chong will begin his new role in November Singapore Post (SingPost) has appointed Mark Chong as its group chief executive officer,…
Singapore stocks track regional declines on Thursday; STI down 0.4%
Across the broader market, losers beat gainers 280 to 264, as 1.8 billion securities worth S$1.5 billion change hands Local shares ended Thursday (Sep 25) lower, mirroring declines across…