Culture
Qantas trims executive bonuses by 15% for fiscal 2025 over cyber hack
RALIA’S Qantas Airways has cut short-term bonuses for its top executives and CEO by 15 per cent in fiscal 2025 after a cyber hack earlier…
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Culture
Culture
OpenAI set to start mass production of its own AI chips with Broadcom, FT reports
AI is set to produce its own artificial intelligence chip for the first time next year, as the ChatGPT maker attempts to address…
Culture
Broadcom to help OpenAI create AI chip to take on Nvidia
Broadcom is helping OpenAI design and produce an artificial intelligence accelerator from 2026, getting into a lucrative sphere dominated…
Culture
Starbucks China valued at about US$5 billion by bidders, sources say
Most of the bidders seeking to buy a portion of Starbucks’ China operations have submitted offers valuing the business at as much as US$5…
Culture
Starbucks China reportedly valued at about US$5 billion by bidders
Most of the bidders seeking to buy a portion of Starbucks’ China operations have submitted offers valuing the business at as much as US$5…
Culture
Stocks to watch: ST Engineering, Olam, Yangzijiang Financial, Stoneweg Europe Stapled Trust
The following companies saw new developments that may affect trading of their securities on Friday (Sep 5): ST Engineering: Over the next…
Culture
Why China’s world-beating stock rally is making investors anxious
WHEN a quiet resurgence in Chinese equities developed into a world-beating rally, it took many seasoned market watchers by surprise.…
Culture
Lululemon says closure of de minimis hole will crush margin
LEMON Athletica says the end of the de minimis exemption will hurt its gross margin more than tariffs. The yogawear retailer, which has…
Culture
Trump supports nuclear power as it is ‘more American’ than wind, solar, US official says
The Trump administration is more willing to support loan guarantees and tax breaks for nuclear power than for wind and solar because it is…
Culture
Aerospace advancements create jobs that ‘Singaporeans will want to take up’: EDB vice-president
Technological progress in aerospace is creating attractive jobs, but also increasing the need for upskilling, said panellists in a Sep 3…
Culture
The tech and trends driving growth in aerospace MRO
Featuring leaders from both the private and public sectors, The Business Times roundtable on aerospace maintenance, repair and overhaul…
Culture
Apac aviation boom presents ‘tremendous opportunity’ for maintenance, repair and overhaul
The strong growth of Asia-Pacific’s (Apac) aviation sector “presents tremendous opportunity” for the region’s maintenance, repair and…
Culture
Asia-Pacific’s aerospace MRO players must be adaptable, collaborate for growth: panellists
Adaptability and ecosystem-wide collaboration are key to the growth of Asia-Pacific’s aerospace maintenance, repair and overhaul (MRO)…
Culture
Boeing says will hire replacements for striking US defence workers
NG is launching a recruitment drive to find “permanent” manufacturing workers to replace US union employees who went on strike last month,…
Culture
Trump’s Fed pick plans to keep White House job while at central bank
DONALD Trump’s pick to join the Federal Reserve’s board of governors said on Thursday that he plans to take a leave of absence from his…
Culture
Oil prices ease on surprise build in US crude stockpiles, Opec+ to consider output hike
Oil prices eased about 1 per cent to a two-week low on Thursday on a surprise build in US crude inventories last week and expectations…
Culture
Europe: Shares end stronger on firmer Fed rate-cut bets
EUROPEAN shares closed higher on Thursday as heightened expectations for a US Federal Reserve interest rate cut lifted markets, while…
Culture
US: S&P 500 rises to fresh record ahead of jobs data
stocks shook off early weakness on Thursday before climbing, with the S&P 500 ending at a fresh record on hopes a slowing employment…
Culture
Making sense of the shifting ESG regulatory climate
LAST month, Singapore Exchange Regulation and the Accounting and Corporate Regulatory Authority decided to delay the introduction of…
Culture
BlackRock to run US$80 billion for Citi as bank refocuses wealth unit
The move highlights a growing trend among big banks to partner with specialist asset managers Citigroup said on Thursday (Sep 4) it will…
Culture
Malaysia warns TikTok against cyberbullying, deepfake posts
Malaysia warned TikTok on Thursday (Sep 4) to crack down on age restrictions for users in the South-east Asian nation to stop…
Culture
US: Wall St indexes open mixed after jobs data
Wall Street opened mixed on Thursday (Sep 4) after a weaker-than-expected private payrolls report, while Salesforce shares dropped as the…
Culture
Olam Group, Yangzijiang Financial to replace CapitaLand Ascott Trust, ComfortDelgro on STI reserve list
There will be no changes to the constituents of the STI following the September 2025 review Food and agricultural giant Olam Group and…
Culture
Hitachi to invest US$1 billion to produce power grid components in US
Hitachi plans to invest US$1 billion to expand its US power grid infrastructure manufacturing, its energy unit said on Thursday (Sep 4),…