Culture
Microsoft begins deep job cuts across Xbox division
Microsoft’s gaming division began informing employees of job cuts on Wednesday (Jul 2) morning, part of a broader culling at the software…
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Culture
Culture
Microsoft to cut about 9000 jobs amid hefty AI bets
Microsoft will lay off nearly 4 per cent of its workforce, or about 9000 people, the company said on Wednesday (Jul 2), in the latest job…
Culture
US: Wall Street opens slightly lower after weak jobs data; Tesla rises
STOCKS opened lower on Wednesday (Jul 2) as surprisingly weak US private jobs data raised concerns about the labour market, while Tesla…
Culture
Schroders picks Singapore for global digital assets hub
International investment manager Schroders has chosen Singapore as the base for its new Global Digital Assets Centre of Excellence. The…
Culture
Visa, Mastercard race to tame a US$253 billion crypto threat
A turf war is breaking out in the vast world of digital payments – and the incumbents are suddenly on defence. Tech firms and crypto…
Culture
June Best Sellers - Southern Curls & Pearls
June was a cRaZzZzZy month for us, y’all!! We had FIVE separate trips planned throughout the month and very few days at home. I’m…
Culture
STI closes at record high of 4,010.77 as investors seek safe haven
The index closes 0.5% higher while across the broader market, gainers beat decliners 302 to 186 after 1.3 billion securities worth S$1.5…
Culture
UOL leads STI to record high of 4,010.77
The index closes 0.5% higher while across the broader market, gainers beat decliners 302 to 186 after 1.3 billion securities worth S$1.5…
Culture
Keppel's coup if Piyush Gupta becomes chairman soon.
Piyush Gupta is back at the heart of Singapore’s listed corporate scene. The 65-year-old, who left DBS in late March after serving as…
Culture
Alibaba Cloud launches global AI innovation hub in Singapore, two data centres in Malaysia, Philippines
Alibaba’s cloud computing arm on Wednesday (Jul 2) launched a global artificial intelligence (AI) innovation hub in Singapore, which will…
Culture
UOB Thailand, Frasers Property team up to help companies expand in Asean
The companies will jointly identify and support foreign direct investment opportunities, particularly for firms seeking to establish or…
Culture
Asian CFOs brace for downturn, but eye expansion: survey
More than eight in 10 Asian chief financial officers (CFOs) expect the global economy to worsen in the coming months – a markedly more…
Culture
GrabCab, Singapore’s newest taxi operator, hits the roads with over 40 cabs to be rolled out in July
Singapore’s sixth and newest taxi operator GrabCab has hit the roads, with over 40 cabs to be rolled out in July, and more cabs expected…
Culture
Alibaba offers 50 billion yuan of subsidies to defend turf in China
The world’s second-largest economy’s e-commerce leader is facing growing challenges from up-and-comers such as PDD Holdings Alibaba Group…
Culture
Manhattan home sales surge 17% with cash buyers leading the way
Manhattan home sales in the second quarter were stronger than they have been in almost two years, boosted by cash buyers undeterred by the…
Culture
Yangzijiang Financial up 6% after update on maritime subsidiary incorporation
Shares of Yangzijiang (YZJ) Financial rose by 6 per cent on Wednesday (Jul 2) morning, following an update by the group on its…
Culture
US, Japan, India, Australia pledge mineral cooperation on China jitters
The United States, Japan, India and Australia pledged on Tuesday to work together to ensure a stable supply of critical minerals, as…
Culture
Central banks are ditching the greenback: What’s in favour instead?
Central banks hold a variety of assets, each serving a specific purpose tied to their mandate of maintaining monetary and financial…
Culture
Tesla’s sluggish sales return to the fore after robotaxi debut
Tesla’s rally off the back of launching a limited driverless taxi service is about to be tested by what analysts expect will be another…
Culture
US: S&P 500, Nasdaq dip from record highs with Trump tax bill in focus
The S&P 500 and Nasdaq indexes opened lower on Tuesday (Jul 1), after touching record highs a day earlier, as investors monitored US trade…
Culture
AI, power, and longevity to drive next decade of transformational innovation: UBS
Investors should consider allocating part of their portfolios to transformational innovation as a way to diversify risks in an…
Culture
Trump is ‘fast forwarding’ the inevitable future of a multipolar world: George Yeo
US President Donald Trump may be at the centre of several global events today, but he did not create the increasingly multipolar world –…
Culture
Singapore shares move in tandem with Wall Street rally
Buoyed by the overnight Wall Street rally, Singapore shares rose on Tuesday (Jul 1), with about the top one-third counters by weighting on…
Culture
BNP Paribas completes 5.1 billion-euro acquisition of AXA Investment Managers
The acquisition allows BNP to manage long-term savings for insurers and pension funds with around 850 billion euros in assets Paribas said…