Culture
Shell and Ferrari sign long-term green power supply deal
Power purchase agreements are rising in Italy as manufacturers lock in energy costs and secure green power[MILAN] Shell has signed a long-term deal to supply Ferrari with renewable energy...
Sri Trang Gloves’ production facilities in flood-hit areas in Thailand temporarily suspended
The dual-listed group says it is working to ensure that operations continue with minimal business impact[SINGAPORE] Sri Trang Gloves said on Tuesday (Nov 25) that its manufacturing facilities in...
OCBC’s Lion Global Investors launches Singapore’s first physical gold fund
It seeks to track the performance of London Bullion Market Association Gold Price AM [SINGAPORE] OCBC’s Lion Global Investors announced on Tuesday (Nov 25) the launch of the first...
CDL sells 14 billion yen Osaka hotel to Blackstone-managed real estate funds
The proposed divestment aligns with the real estate company’s capital recycling and portfolio optimisation efforts [SINGAPORE] City Developments Limited (CDL) is proposing to divest a hotel in Osaka, Japan,...
WeRide trims losses as China’s robotaxi race gains momentum
The company currently holds autonomous driving permits in eight countries, the most out of all robotaxi players in the region[HONG KONG] WeRide narrowed its third-quarter net loss on increased...
Major Indonesia nickel plant cuts output as waste piles up
HPAL producers have also been contending with the higher cost of sulphur, a chemical used to produce acid[SINGAPORE] A majority Chinese-owned plant at Indonesia’s most important nickel site is...
Gold holds steady as rising US rate-cut bets offset dollar strength
[BENGALURU] Gold prices held steady on Tuesday (Nov 25) after rising nearly 2 per cent in the previous session, as increasing prospects of a US rate cut in December...
New owners to revive fish farms vacated by troubled Apollo, Barramundi groups
The building at Neo Tiew Crescent in Lim Chu Kang will be used to grow vannamei prawn and food fish[SINGAPORE] Two fish farming facilities that had been given up...
Rate hikes drive Japan regional banks towards mergers to survive
The lenders are facing increased competition for deposits as an inexpensive funding source with interest rates rising, and new rivals such as internet-based banks are also growing[TOKYO] Three decades...
Trump signs ‘Genesis Mission’ order to boost innovation with AI
[WASHINGTON] US President Donald Trump signed an executive order on Monday (Nov 24) establishing the “Genesis Mission”, a federal effort to boost innovation using artificial intelligence (AI), the latest...
