Culture
US Fed’s Jackson Hole exposes hard road ahead for central bankers
The US Federal Reserve’s annual gathering in the Rocky Mountains is usually a time for central bankers and their wonky friends to kick…
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Culture
Culture
Spotify flags price rises as it introduces new services: FT
Spotify will raise prices as it invests in new features and targets one billion users, the Financial Times reported on Sunday (Aug 24)…
Culture
Singapore-headquartered Mirxes to join Alibaba, Tencent on Hang Seng Composite Index
Home-grown biotech firm Mirxes will join the Hang Seng Composite Index on Sep 8, the startup announced on Saturday (Aug 23). The Hang Seng…
Culture
Hospitality lags while industrial S-Reits defy tariff concerns in H1 results
While the hospitality sector “disappointed” in the latest half-year results for Singapore real estate investment trusts (S-Reits), the…
Culture
Wave of director acquisitions as local rally takes a breather
Over the five trading sessions from Aug 15 to 21, institutions were net sellers of Singapore stocks, with net institutional outflow of…
Culture
Databricks to buy Sequoia-backed Tecton in AI agent push
Databricks will acquire machine learning startup Tecton to expand its artificial intelligence (AI) agent offerings, the latest in a string…
Culture
Goldman’s US$500 million Texas expansion takes shape in Dallas
Goldman Sachs’ US$500 million bet on Texas is poised to put a stamp on the Dallas skyline. The storied investment bank’s new office…
Culture
Alphabet’s Waymo gets first permit to test autonomous vehicles in New York City
New York State law requires that a test vehicle operator be present at all times and be ready to assume control of the vehicle while the…
Culture
Starbucks throttles operations at US coffee plants to curb costs
The Starbucks plants that roast and package the company’s coffee beans in the US are cutting two days of weekly production as part of…
Culture
Boeing, striking defence workers union to start talks on Aug 25
The company has held informal discussions with labour leaders since the strike began Boeing and union leaders representing striking…
Culture
Apple explores using Google Gemini AI to power revamped Siri
Apple is in early discussions about using Google Gemini to power a revamped version of the Siri voice assistant, marking a key potential…
Culture
China’s Dongfeng plans to list EV unit, take rest private
Dongfeng Motor Group plans to withdraw its Hong Kong shares in a new twist on a long-awaited restructuring, part of a transaction that…
Culture
Apple claims ex-employee, China’s Oppo stole trade secrets
Apple accused smartphone maker Oppo in a lawsuit of poaching a highly paid member of the Apple Watch team and encouraging him to steal…
Culture
ECB officials sticking to steady-rates plan after trade deal
European Central Bank (ECB) officials are increasingly convinced they can keep interest rates unchanged in September, according to sources…
Culture
China’s Longi Green narrows loss as solar installations surge
Chinese authorities have amped up their rhetoric against so-called involution, pledging to put an end to the ruinous competition that…
Culture
Zoom has biggest rally in a year after giving strong forecast
Zoom Communications shares soared as much as 9.8 per cent after the company delivered a stronger-than-expected forecast, suggesting that…
Culture
Ransomware hack hit Orange telecom, data published on dark web
Telecommunications companies are attractive targets for hackers as they store valuable financial information on customers as well as…
Culture
US Fed’s Alberto Musalem says more data is needed to decide whether a September rate cut is warranted
St Louis Fed president Alberto Musalem said on Friday (Aug 22) that he will need more data before deciding to support a rate cut at the…
Culture
Visa closes US open-banking unit as data fight heats up: source
Open banking has gained traction in Europe, where regulators required banks to share data with licensed third parties, but the US lacks…
Culture
Trump says Intel has agreed to a deal for US to take 10% equity stake
US President Donald Trump said on Friday (Aug 22) the US would take a 10 per cent stake in Intel under a deal with the struggling…
Culture
Oil prices rise, make weekly gains as Ukraine peace process stalls
Oil prices steadied on Friday (Aug 22) amid uncertainty surrounding a potential peace deal between Russia and Ukraine, with prices gaining…
Culture
US: Dow hits fresh record after Fed chair signals possible rate cut
Wall Street rallied on Friday (Aug 22) after US Federal Reserve chair Jerome Powell opened the door to lowering interest rates – with the…
Culture
Europe: Shares close at five-month highs after Powell hints at September rate cut
European shares closed at their highest level in more than five months on Friday (Aug 22) after US Federal Reserve chair Jerome Powell…
Culture
Raffles Education receives letter of demand for 33.7 million yuan from Chinese company
The group believes that the claim, which relates to a 2021 equity transfer, is ‘without merit’ Raffles Education has received a letter of…