Business
Amazon’s AWS cloud computing unit cuts jobs
Amazon cut jobs in its Amazon Web Services cloud computing unit on Thursday (Jul 17), a spokesperson confirmed following a Reuters…
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Unit
Politics
Hezbollah's Radwan Unit 'unfit' to carry out large-scale invasion into Israel
According to data collected by the Alma Center, the Radwan Unit was rendered unfit, at least temporarily, to launch a large-scale invasion…
News
DHL’s German postal unit aims to increase use of parcel lockers
The German post and parcel division of DHL Group said Monday it has launched a one-year trial with several online retailers to make it…
Business
Frasers unit to buy S$48 million Yishun cinema complex from Golden Village
A wholly owned subsidiary of Frasers Property has agreed to buy a cinema complex in Yishun Central from Golden Village Multiplex and lease…
Business
OKP unit wins S$258.3 million LTA contract to construct new cycling paths in east
A unit of mainboard-listed infrastructure and civil engineering company OKP has won a contract worth S$258.3 million from the Land…
News
Joint venture by Boustead Projects’ unit clinches JTC tender to develop industrial facility on Tukang Innovation Drive site
The site is the first under the Industrial Government Land Sales Programme to be awarded with an additional three years of lease A joint…
News
Sembcorp unit wins solar-energy project to supply 150 MW of power in India
Sembcorp Industries’ wholly owned renewables subsidiary, Sembcorp Green Infra, was awarded a solar-energy storage hybrid project by SJVN,…
Business
UBS to sell hedge fund unit O’Connor to Cantor Fitzgerald
The deal includes “O’Connor’s six investment strategies” with about US$11 billion in assets under management Group’s asset management…
Business
Malaysia’s IHH unit seeks up to 109 billion rupees in damages from Japan’s Daiichi Sankyo
Northern TK Venture alleges Japan’s Daiichi Sankyo blocked its 2018 bid for an Indian hospital chain, causing financial losses. Healthcare…
Business
Apple partner Foxconn injects US$1.5 billion into India unit
Taiwan’s Foxconn, the main manufacturer of Apple’s iPhones, will inject US$1.5 billion into its India unit as production shifts away from…
Business
Mitsubishi Motors signs MOU to outsource EV model development to Foxconn unit
Japanese automaker Mitsubishi Motors and Foxconn subsidiary Foxtron Vehicle Technologies have signed a memorandum of understanding (MOU)…
Politics
A Brit who fought in Ukraine says Russia's army is so barbaric his unit vowed never to be taken alive
An international volunteer who fought in Ukraine said his unit vowed never to be taken alive by Russia. Macer Gifford told BI that Putin…
Business
China’s Ant plans to list overseas unit in Hong Kong: report
Ant, an affiliate of China’s e-commerce giant Alibaba, plans to list its overseas arm, Ant International, on the Hong Kong stock exchange,…
News
Uber Mideast unit delivers gold coins to doorsteps in Dubai
Dubai residents can now have 24-carat gold coins delivered to their homes in less than an hour as super app Careem targets millions of…
Business
ST Engineering unit to issue US$750 million 4.25% notes due 2030
They will be issued under the company’s S$5 billion global medium-term note programme A wholly owned subsidiary of Singapore Technologies…
Business
China’s Sinopec partners with Saudi Aramco’s unit in 28.8 billion yuan JV
China’s state-run Sinopec said on Monday (Apr 28) it had signed an agreement with a unit of Saudi Aramco to establish a joint venture…
Business
Latest NZ$2.80-per-share offer by CDL Kiwi unit still ‘too low and inadequate’: M&C New Zealand
The independent directors of Millennium and Copthorne Hotels New Zealand (MCK) do not recommend shareholders of MCK to accept the increase…
Business
Latest NZ$2.80-per-share offer by CDL unit still ‘too low and inadequate’: M&C New Zealand
The independent directors of Millennium & Copthorne Hotels New Zealand (MCK) do not recommend shareholders of MCK to accept the increase…
Business
Meta lays off more than 100 employees across Reality Labs unit
Meta Platforms is laying off more than 100 people across its Reality Labs division focused on creating virtual reality (VR) and wearable…
Business
Boeing to sell Jeppesen unit to Thoma Bravo for US$10.55 billion
Boeing said on Tuesday (Apr 22) it would sell portions of its Digital Aviation Solutions business, including navigation unit Jeppesen, to…
Business
CDL unit raises offer for M&C New Zealand to NZ$2.80 a share
The higher offer reflects 60% premium to 1-month volume weighted average share price of NZ$1.75 City Developments Ltd’s (CDL) wholly owned…
Business
China Southern is said to mull Hong Kong IPO of cargo unit
The deal may be coming at a tricky time for the company, which relies on Chinese exports that are under threat because of the country’s…
Business
Sats unit bags 5 year contract with Emirates SkyCargo at Frankfurt Airport
The freight handler now provides specialised gateway services at 21 stations across the airline’s global network Sats’ subsidiary…
Business
Nomura scales back China wealth unit, seeks new securities CEO
Nomura Holdings has scaled back its original focus on China wealth to prioritise an expansion in brokerage and asset management in the…