Culture
Del Monte Pacific Q2 net profit jumps seven times to US$16.8 million
[SINGAPORE] Mainboard-listed Del Monte Pacific said on Monday (Nov 17) that its net profit for its second quarter of FY2026 rose to US$16.8 million from US$2.3 million in the...
ST Engineering sells 49% stake in Shanghai MRO JV to China Eastern Airlines for 680.5 million yuan
The move will yield a one-off gain of around S$48.1 million, based on the S$60.2 million carrying value for Starco[SINGAPORE] ST Engineering has agreed to sell its entire 49...
US sanctions propel Chinese AI prodigy to US$23 billion fortune
[BEIJING] In 2019, Chen Tianshi was a long way from becoming one of the wealthiest people on the planet.The largest customer for his three-year-old artificial intelligence (AI) chip startup,...
Pop Mart’s Labubu risks beanie baby-style collapse: analyst
The shares have fallen about 25% since Hu initiated her coverage of the Beijing-based toy firm with an “underperform” rating on Oct 16[HONG KONG] The euphoria surrounding Labubu toys...
Airbus says Middle East regional aircraft to more than double by 2044
[DUBAI] Airbus expects the Middle East’s regional aircraft fleet to more than double to 3,700 planes by 2044, an official said on Sunday (Nov 16).The European planemaker expects passenger...
Boeing says partnership for T-7 trainer export bid imminent
[DUBAI] Boeing is close to announcing a partnership to bid for an international sales opportunity for its T-7 trainer, company executives said on Sunday (Nov 16), highlighting fast-growing demand...
Luxury houses eye India, but barriers remain
The country, with 1.4 billion people, offers “a promising market, but still a complicated one”[MUMBAI] The globe’s biggest luxury brands have dreamt of India’s vast consumer base for decades,...
Samsung plans US$310 billion investment to power AI expansion
Five-year investment package includes plans to build a new semiconductor facility designed to meet the needs of memory-chip demands[SEOUL] South Korean conglomerate Samsung unveiled on Sunday (Nov 16) a...
Korean conglomerates pledge US$464 billion of domestic investment
A trade deal with the US sparked concerns over low domestic investment and the nation’s currency[SEOUL] Samsung Electronics, Hyundai Motor Group and LG Group pledged to invest a combined...
Bitcoin is on the verge of erasing year’s gain as rout deepens
[NEW YORK] Bitcoin fell below US$95,000 for the first time in about six months as a bout of risk aversion sweeping across markets saw investors pull nearly US$900 million...
