Indeed, Glassdoor to cut 1,300 jobs amid AI integration: memo
Recruit Holdings, the Japanese parent of Indeed and Glassdoor, will reduce headcount by around 1,300 across the two job sites amid a shift in focus towards artificial intelligence (AI),…
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Fashion
White House slams Powell over Fed finances, project cost overruns
THE White House on Thursday launched a fresh attack on Federal Reserve Chair Jerome Powell, with a top Trump administration official saying Powell had “grossly mismanaged” the central…
Delta Air Lines offers upbeat outlook on travel demand, lifting shares
Shares of Delta Air Lines rocketed higher on Thursday after the carrier reported better-than-expected profits and reinstated its full-year forecast based on a reassuring travel…
Levi sees revenue growth offsetting most of tariff impact
Levi Strauss jumped in late trading after raising its revenue outlook, with the maker of 501 jeans expecting sales growth to outweigh the impact of US President Donald Trump’s tariffs. The…
A low-profile property trust’s data centre gambit
AS THE Singapore market prepares to welcome NTT DC Reit next week, another locally-listed property trust has hatched an intriguing plan to ride the widely expected surge in demand for data…
Temasek sees more opportunities in Europe after investing S$10b in the region last year
Singapore’s state investor Temasek sees growing investment opportunities in Europe as the impact of trade tensions on the economic climate makes some companies more attractive in terms of…
Temasek sees more opportunities in Europe after investing S$10 billion in the region last year
Singapore’s state investor Temasek sees growing investment opportunities in Europe as the impact of trade tensions on the economic climate makes some companies more attractive in terms of…
Singapore tycoon Sam Goi makes S$123.5 million offer to buy rest of PSC
Local tycoon Sam Goi has made a mandatory offer to buy the remaining shares of PSC Corp that he does not already own at S$0.40 a piece. This comes after he spent S$25.2 million on 63…
Popiah king Sam Goi makes mandatory offer for rest of PSC at S$0.40 a share
Local tycoon Sam Goi has made a mandatory offer to buy the remaining shares of PSC Corp that he does not already own at S$0.40 apiece. This comes after he spent S$25.2 million on 63…
Meta poached Apple’s AI engineer Pang with pay package over US$200 million: sources
Meta Platforms has made unusually high compensation offers to new members of its “superintelligence” team – including a more than US$200 million package for a former Apple distinguished…
eSIM platform Airalo raises US$220 million in new funding round, lifts valuation past US$1 billion
Company says this makes it the industry’s first unicorn; latest financing includes new investor CVC eSIM platform Airalo has raised US$220 million in a financing round, valuing the company…
China solar stocks surge as Beijing moves to calm price wars
Some China solar stocks jumped sharply on Thursday (Jul 10), continuing a multi-day rise. This comes on the back of news that Beijing wants to dampen the aggressive cutting that has driven…
US bank profits to climb on stronger trading, investment banking
Major US banks are expected to report stronger profits next week, driven by buoyant trading and a modest rebound in investment banking. When JPMorgan Chase, Citigroup and Wells Fargo kick…
Jack Ma-backed Ant to add Circle’s stablecoin to global net: sources
Jack Ma-backed Ant Group is working with Circle Internet Group to adopt its stablecoin on the Chinese fintech company’s blockchain platform, according to people familiar with the matter.…
Aster Chemicals is said in talks to buy Exxon Singapore stations: sources
The sale would allow the American oil major to deploy more capital in areas of higher growth potential Aster Chemicals and Energy, a joint venture between Indonesia’s Chandra Asri…
Aster is said in talks to buy Exxon Singapore stations: sources
The sale would allow the American oil major to deploy more capital in areas of higher growth potential — Aster Chemicals and Energy, a joint…
Glencore JV in talks to buy Exxon's 59 Singapore petrol stations worth US$1 billion
The sale would allow the American oil major to deploy more capital in areas of higher growth potential — Aster Chemicals and Energy, a joint…
Richard Li’s China insurance expansion talks stall amid backlash to father’s port sale plan
The discussions were suspended shortly after the port sale was announced in early March Billionaire Richard Li’s efforts to expand his insurance business into mainland China have…
SIA partners Mandai Wildlife Group to enhance customer offerings
Both companies will also cooperate on conservation efforts that could include the transfer of animals between Singapore’s wildlife parks and other accredited zoos Singapore Airlines (SIA)…
Adidas, Puma eye running shoe revival as tariff threats loom
Running could turn around the fortunes of Puma and Adidas as they look to make up ground lost to new upstarts before US tariffs start to bite. The German sneaker makers are renewing their…
DBS downgrades Genting Singapore to ‘hold’, trims target price on tariffs dampening outlook
DBS on Thursday (Jul 10) downgraded Genting Singapore to a “hold” rating and lowered its target price for the stock from S$0.90 to S$0.80, 8.1 per cent or S$0.06 above its Wednesday…
Singtel’s NCS to invest S$130 million to scale AI adoption in Apac
Singtel’s technology services arm, NCS, will invest S$130 million over the next three years to further its artificial intelligence (AI) development across the Asia-Pacific region. Its…
BYD, other EV battery makers face more pressure to cut emissions
Electric vehicle (EV) battery suppliers, including BYD and EVE Energy, need to step up efforts to switch to clean power at manufacturing sites and curb emissions in supply chains,…
Nissan poised to offer record-high coupon in US$4 billion bond sale
Nissan Motor is expected to sell some of its upcoming US$4 billion foreign-currency bonds at a record-high coupon, piling more pressure on the struggling Japanese automaker as it seeks to…