EV truck maker Rivian is laying off hundreds amid a slowdown in demand
The electric truck and SUV company Rivian will lay off hundreds of employees in an attempt to save cash as federal support for electric vehicle adoption wanes under the Trump…
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Fashion
How Did Isabelle Adora Tate Die? 9-1-1 Nashville Actress Dies Suddenly Aged 23 as Tributes Pour in from all Corners
Actress Isabelle Adora Tate has died suddenly and unexpectedly at the age of 23. Tate, who appeared as Julie in the pilot episode of the LeAnn Rimes–led series 9-1-1 Nashville, passed away…
Trail Blazers Head Coach Chauncey Billups, Miami Heat Guard Terry Rozier Arrested Along With Several Others in Sports Gambling Investigation by FBI
Portland Trail Blazers head coach and NBA Hall of Famer Chauncey Billups, along with Miami Heat guard Terry Rozier, were arrested as part of an FBI investigation into illegal sports…
Indonesia launches 6 billion yuan dim sum bond, to be listed on SGX
The bond offers yields of 2.5% on five-year notes and 2.9% on the 10-year tranche Indonesia has launched its debut offshore renminbi-denominated, or dim sum, bond, raising six billion yuan…
Standard Chartered issues payment demand to mm2 Asia units over S$905,000 debt
Standard Chartered has issued letters of demand to two associated companies of entertainment group mm2 Asia, seeking repayment of S$905,582.87 by Thursday (Oct 23). The letters, dated Oct…
US: Wall Street opens flat as Tesla, IBM results underwhelm
Wall Street opened flat on Thursday (Oct 23) as lacklustre earnings from Tesla and IBM dampened investor mood, while brewing trade tensions between the US and China threatened to deepen…
Fund managers turn to AI players poised for SGX listing
Despite such opportunities, price discovery remains a challenging topic for many investors Fund managers are increasingly focused on funding artificial intelligence (AI) players that could…
Sabana Reit completes internal management transition, renamed as Alpha Integrated Reit
Sabana Industrial Real Estate Investment Trust (Reit) has completed its long-anticipated internalisation of its manager. Alpha Integrated Reit Management has been appointed as the trust’s…
El Monte Man Convicted of Killing Pregnant Wife Over Suspected Affair with His Father
A man was convicted Wednesday of murdering his pregnant wife and her unborn child in El Monte just over seven years ago. A jury found Octavio Curiel Martinez, now 43, guilty of…
Suntec Reit’s Q3 DPU rises to S$0.01778
The improvement comes amid stronger operational performance of its Singapore portfolio and lower financing costs The manager of Suntec Real Estate Investment Trust (Reit) on Thursday (Oct…
MBS Q3 earnings reach nearly S$1 billion following hotel renovation completion
Parent company LVS is optimistic about growth, citing its expansion project and Singapore’s attractiveness as a destination Integrated resort and casino operator Marina Bay Sands (MBS)…
Contributor: The web is awash in AI slop. Real content is for subscribers only, and democracy suffers
Princess Diana stumbling through a parkour park. Team USA taking gold at the Bong Olympics. Tank Man breakdancing in Tiananmen Square. Kurt Cobain playing pogs. Tupac Shakur seeking…
Wall Street bonuses expected to hit record as bank profits surge
The Wall Street bonus pool is expected to break records this year if current trends continue, as big banks reap profits from soaring stocks and a return to more dealmaking after a long…
Musk hijacks Tesla earnings call to pitch US$1 trillion pay plan
[AUSTIN, Texas] Elon Musk, the world’s richest person, spent the end of Tesla’s earnings call pleading with investors to ratify his upcoming US$1 trillion pay package and blasting the…
Lloyds bank says profits shrink on bad car loans
Profit after tax dropped 14% to £2.9 billion in the first nine months of the year British lender Lloyds Banking Group on Thursday (Oct 23) announced sliding net profits as it set aside a…
Nexperia’s China unit resumes chip sales to domestic distributors, requires renminbi-only payments: sources
The chipmaker is seeking chip packaging partners outside China as the dispute drags on [BEIJING/TAIPEI] Dutch chipmaker Nexperia’s Chinese unit has resumed supplying semiconductors to…
Nokia profit surges past estimates on network growth
Nokia’s adjusted profit for the third quarter beat estimates, thanks to growth in its network infrastructure and optical networks businesses. The Finnish company reported 435 million euros…
Volvo car profit unexpectedly rises on cost-cutting success
Volvo Car reported better-than-expected profit in the third quarter as the automaker benefited from the effects of its 18 billion-kronor (S$2.33 billion) cost-saving programme. Operating…
South Korea keeps rates on hold but surprises with nod to further cuts
South Korea’s central bank kept policy interest rates unchanged on Thursday (Oct 23), wary of worsening an overheating housing market and a declining currency, but left the door open for…
Former Citi, Julius Baer bankers to plead guilty in S$3 billion money laundering scandal
TWO former bankers at Citigroup and Julius Baer Group are set to plead guilty for their alleged roles in aiding the movement of illicit funds by several people convicted in Singapore’s…
Indonesian sovereign wealth fund Danantara hires 2 executives from Singapore’s GIC
Indonesian sovereign wealth fund Danantara has hired two former GIC investment professionals to lead its global private market coverage, according to sources familiar with the matter.…
Hyflux ex-company secretary testifies 2 lawyers involved in preference shares document
Officers from banks that had earlier considered providing project financing for the Tuaspring project have been lined up to take the stand next week The former company secretary of Hyflux…
How Jenny Lee became Asia’s ‘Iron Woman’ of venture capital
In the past three decades, Singaporean venture capitalist Jenny Lee has proven her mettle with her trailblazing spirit “EVEN if you left me on a desert island, I would survive.” This is no…
China and US ‘just flexing muscles’ over critical metals, BHP chair says
The US and China are battling to project power as they compete to secure critical minerals supply, the new chair of BHP said on Thursday, downplaying any potential for the global miner to…