Fashion

Amazon to pay $2.5 billion to settle allegations it duped people into subscribing to Prime
Amazon has agreed to pay $2.5 billion to settle accusations that the e-commerce giant tricked millions of customers into subscribing to Prime and made it tough for them to...

Starbucks to close stores, cut 900 jobs in US$1 billion restructuring
The company says its overall store count will drop by 1% during the 2025 fiscal year[SEATTLE] Starbucks said it will close stores and eliminate 900 jobs in a US$1...

Centurion Accommodation Reit opens 11.4% above IPO price on SGX debut
[SINGAPORE] Units of Centurion Accommodation Real Estate Investment Trust (Reit) rose 11.4 per cent on Thursday (Sep 25) as it made its debut on the Singapore Exchange (SGX).The counter...

Some Bank of Japan policymakers called for future rate hikes, July minutes show
[TOKYO] Some Bank of Japan board members, at a policy meeting in July, called for resuming interest rate hikes in the future, even as the board decided unanimously to...

Fraser and Neave appoints Rahul Colaco as chief executive officer
[SINGAPORE] Beverage manufacturer Fraser and Neave (F&N) has appointed Rahul Colaco as its new chief executive officer, effective Oct 1. He succeeds Hui Choon Kit, the current chief executive...

Singtel’s Optus served A$100 million fine by Australia’s Federal Court for “appalling” actions against disadvantaged consumers
The telco sold phones and contracts to over 400 such consumers, including those with mental disabilities and learning difficulties, or who were in financial hardship[SINGAPORE] Australian telecommunications company Optus...

Disruptions drag on at Berlin airport after cyberattack
[BERLIN] Berlin airport is battling to restore its check-in and baggage handling systems after a cyberattack at the weekend, with further delays and cancellations possible on Wednesday (Sep 24),...

Alibaba launches Qwen3-Max AI model with more than one trillion parameters
The company has announced plans to invest 380 billion yuan in artificial intelligence-related infrastructure over the next three years [BEIJING] Chinese e-commerce giant Alibaba announced on Wednesday (Sep 24)...

Nvidia to invest $100 billion in OpenAI to build data centers
Nvidia plans to invest $100 billion in OpenAI, giving the ChatGPT maker a huge war chest to build data centers with the chip maker’s chips.OpenAI will gain access to...