Culture
Samsung Electronics, Texas Instruments finalise Chips Act awards
Samsung Electronics and Texas Instruments completed final agreements to get billions of dollars of government support for new semiconductor plants in the US, cementing a major piece of the...
Volkswagen unveils major job cuts in cost-saving drive
Crisis-hit auto giant Volkswagen said on Friday (Dec 20) it planned to axe 35,000 jobs by 2030 in Germany after reaching an agreement with unions on a drastic cost-cutting...
Tether sees US$10 billion in net profits for 2024
The world’s biggest stablecoin issuer, Tether, is on track to close the year with more than US$10 billion in net profits, chief executive Paolo Ardoino said in an interview.As...
Australian authorities urge hundreds to flee out-of-control bushfires
Bushfires in Australia’s Victoria state burnt out of control on Saturday (Dec 21), with authorities issuing an evacuation order at the highest danger rating for hundreds of residents in...
Singapore stocks’ best year since 2017 masks downbeat outlook
Singapore’s main stock index is on track to have its best annual performance since 2017, but any celebrations over the Straits Times Index’s (STI) 15 per cent gain so...
Luxury labels bulk up on lower-priced goods to appeal to middle-class shoppers
Confronting a broad decline in demand for their usual fare, including US$3,000-and-up handbags and US$4,000-and-up cashmere jackets, major marketers of designer and luxury merchandise are broadening their product lines...
Europe: Shares see worst week in more than 3 months as healthcare slides
Europe’s Stoxx 600 clocked its second straight weekly fall on Friday (Dec 20), with the healthcare sector leading losses after Danish firm Novo Nordisk tumbled on disappointing data from...
US: Stocks rally after inflation data but close lower for the week
US stocks rallied to close out the trading week on Friday (Dec 20) after two lacklustre sessions as a cooler-than-expected inflation report and comments from Federal Reserve officials eased...
Swiss bank watchdog blundered on Credit Suisse, report finds
THE Swiss parliament heavily criticised the previous leadership of Switzerland’s financial regulator Finma in a landmark enquiry into last year’s collapse of Credit Suisse.
Finma’s 2017 decision to grant Credit...
Nanofilm Technologies reappoints founder as CEO
Current CEO will remain until Jun 13, 2025, to ensure a smooth transition of duties and responsibilitiesNANOTECHNOLOGY solutions provider Nanofilm Technologies has appointed its founder Shi Xu to be...
