Tesla braces for rough quarters ahead as US ends EV incentives
Elon Musk warned of difficult times ahead for Tesla after one of the automaker’s worst quarters in over a decade. Tesla will be a transition period for the next year or more, losing…
Section
Fashion
Sari Fishman Manifesto
"I Don’t Edit the Fire" A Cover Profile of Sari Fishman Sari Fishman isn’t in it for the applause. Or the medals. Or the neat little shelf of perfectly aligned successes. She’s in it for…
Moody’s profit tops estimates in sign of credit market’s rebound
Moody’s adjusted earnings per share of US$3.56 topped analysts’ forecasts of US$3.38 Moody’s, a bond grader and financial data provider, reported second-quarter revenue that beat…
US: Wall Street opens higher as US-Japan trade deal lifts sentiment
Wall Street opened higher on Wednesday (Jul 23) after President Donald Trump struck a trade deal with Japan, shoring up expectations of further agreements ahead of the…
Tally of Microsoft victims surges to 400 as hackers capitalise on SharePoint flaw
The number of companies and organisations compromised by a security vulnerability in Microsoft’s SharePoint servers is increasing rapidly, with the tally of victims soaring more than…
OUE Reit H1 DPU gains 5.4% to S$0.0098 on capital management, resilient Singapore portfolio
OUE real estate investment trust (OUE Reit) reported a distribution per unit of S$0.0098 for the first half ended Jun 30, 2025, up 5.4 per cent from S$0.0096 in the corresponding year-ago…
Apple and Google face more UK antitrust scrutiny over mobile ecosystems
A final decision on both designations is expected by Oct 22, with the regulator also outlining possible next steps in its parallel investigations Britain’s competition regulator…
ST Engineering bags new contracts worth S$4.7 billion in Q2 2025
ST Engineering on Wednesday (Jul 23) announced that it secured S$4.7 billion in new contracts in the second quarter of 2025. These comprise S$1.5 billion from the commercial aerospace…
Digital Core Reit H1 DPU unchanged at US$0.018
The manager of Digital Core Real Estate Investment Trust (Reit) on Wednesday (Jul 23) posted a distribution per unit (DPU) of US$0.018 for the first half ended June 30, 2025. This was…
UBS loses EU fight over Credit Suisse’s role in ‘Sterling Lads’, but fine cut sharply
The tribunal cut the amount of the fine from 83.2 million euros to 28.9 million euros Group lost the crux of its case against European Union regulators over Credit Suisse…
Ozzy Osbourne: Black Sabbath Members, Celebrities, Fans Pay Tribute to Rock Icon
Ozzy Osbourne, the frontman of Black Sabbath and heavy metal legend, passed away at the age of 76 on Tuesday (July 22), nearly three weeks after his farewell performance at Villa Park in…
PNC taps Coinbase to create crypto trading offering for bank customers
The banking industry has fiercely resisted accusations that it denies services based on ideological reasons Bank is working with cryptocurrency exchange Coinbase to offer…
PayPal to create global digital wallet platform with Tenpay, UPI
The company also plans to add artificial intelligence and stablecoin use cases to the digital wallet platform at some point PayPal Holdings is launching a platform that will…
Japan vows more US rice imports within tariff-free quota
Japan will import more rice from the United States but within the existing tariff-free quota, Prime Minister Shigeru Ishiba said on Wednesday, stressing Tokyo’s success in…
Hiap Seng shares soar 75% after Indonesian oil giant Chandra Asri buys 11.9% stake
Shares end Wednesday at multi-year high of S$0.021; future partnership between both companies could be on the horizon, says Hiap Seng CEO Max Tan Indonesian petrochemical producer Chandra…
Asia: Tokyo’s Nikkei leads rally after Japan-US trade deal
Tokyo stocks rallied with the yen on Wednesday after Japan and the United States finally hammered out a trade deal to slash Donald Trump’s tariffs, including those on the crucial car…
Chinese hackers exploit Microsoft flaws, US nuclear agency hit
Microsoft warned that Chinese state-sponsored hackers are among those exploiting flaws in its SharePoint software to break into institutions globally, with the US agency responsible for…
China shuns low-grade coal from Indonesia as imports collapse
Indonesia bore the brunt of a sharp fall in China’s coal imports last month, underscoring how Chinese power plants have shifted away from lower-quality fuel due to persistent domestic…
DFI Retail Group jumps 12.7% to three-year high on H1 profit growth
Shares of DFI Retail Group hit its highest price in more than three yearson Wednesday (Jul 23) , after the supermarket and retail store operator posted higher underlying profit for the…
Commentary: 3 things that should scare us about Trump's fake video of Obama
On Sunday, our thoughtful and reserved president reposted on his Truth Social site a video generated by artificial intelligence that falsely showed former President Obama being arrested…
SingPost divests freight forwarding business Famous Holdings for S$177.9 million
Singapore Post (SingPost) has divested its entire freight forwarding business, Famous Holdings, for about S$177.9 million. The sale resulted in an estimated realised gain on disposal of…
Lockheed Martin's Q2 profit plummets on US$1.6 billion charge
Lockheed Martin reported on Tuesday (Jul 22) that its second-quarter profit plunged by about 80 per cent, after the US defence giant recorded pre-tax losses of US$1.6 billion, mainly…
Aztech Global H1 net profit drops 65.5% to S$16.1 million on subdued customer demand
Aztech Global’s net profit plunged 65.5 per cent to S$16.1 million, from S$46.7 million, for the first half ended Jun 30, 2025. Similarly, revenue declined by 50.3 per cent to S$185.4…
OpenAI, Oracle to add 4.5GW US data centre capacity in AI expansion
OpenAI and Oracle announced they will develop 4.5 gigawatts of additional US data centre capacity in an expanded partnership, furthering a massive plan to power artificial…