Culture
ECB holds rates with growth firmer and inflation near target
Policymakers give no guidance on next steps, saying decisions will be made meeting by meeting on data[FRANKFURT] The European Central Bank (ECB) left interest rates unchanged for a fourth...
UBS plans January job cuts to kick off final year of integration
[ZURICH] UBS Group is set to begin its latest wave of job cuts in mid-January, according to people familiar with the matter. That step will be followed by another...
Trump Media, fusion power firm TAE Technologies combine in US$6 billion deal
Under the deal, shareholders of both companies will own about 50% of the combined entity [NEW YORK] US President Donald Trump’s social media firm is entering the fusion-power business...
IndiGo faces India antitrust scrutiny after mass flight cancellations
Disruptions highlight risks of the 90% IndiGo-Air India duopoly in India’s air market[NEW DELHI] India’s competition regulator said on Thursday (Dec 18) it was reviewing allegations of antitrust violations...
Bank of England lowers rates after tight vote but signals caution about further cuts
Five MPC members vote to lower the benchmark rate for the fourth time in 2025 to 3.75%[LONDON] The Bank of England (BOE) cut interest rates on Thursday (Dec 18)...
China solar industry’s losses narrowing on overcapacity push, association says
[BEIJING] Losses in China’s slumping solar sector narrowed in the third quarter, data presented by an industry group official revealed, as the government’s war on industrial overcapacity targeted manufacturers.The...
Singapore stocks track Wall Street declines; STI down 0.1%
Across the broader market, losers beat gainers 286 to 236, as 883.5 million securities worth S$1.1 billion change hands[SINGAPORE] Singapore shares ended lower on Thursday (Dec 18), tracking declines...
BlueSG disposes old EVs ahead of relaunch in 2026
The LTA blocks the transfer of Bluecars to Tribecar due to EV Sharing Scheme restrictions[SINGAPORE] Ahead of its planned relaunch in 2026, car-sharing service BlueSG has disposed of its...
Elliott woos other Toyota Industries investors in buyout fight
[TOKYO] Elliott Investment Management has been approaching asset managers and other institutional investors in Japan to build support for its campaign and push Toyota group to sweeten its 4.7...
Google works to erode Nvidia’s software advantage with Meta’s help
The effort is part of Google’s aggressive plan to make its TPU a viable alternative to Nvidia’s GPUs[SAN FRANCISCO] Alphabet’s Google is working on a new initiative to make...
