Singapore is gearing up to address pressing economic concerns in its upcoming budget announcement, set for February 16. With sticky inflation, sluggish growth, and geopolitical
TeamViewer, the German software developer, exceeded market expectations with its fourth-quarter revenue report, buoyed by strategic partnerships with tech giants like Siemens. The company’s shares
Energy giant BP disclosed its financial performance for 2023, revealing the second-highest annual profit in a decade, albeit at half the previous year’s level. Despite
In its latest staff cuts, Snap revealed plans to reduce its global headcount of full-time employees by approximately 10%, or around 529 employees. Snap Inc.,
Italy is set to invest in Enel’s photovoltaic panel factory in Sicily, marking a significant step towards bolstering solar panel production and positioning the country
Luxury conglomerate LVMH is intensifying its efforts to capture a larger share of the global luxury watch market by launching a dedicated watch division and
The latest data from the Bureau of Labor Statistics revealed a remarkable addition of 353,000 jobs to the US economy in January, surpassing expectations and
Oil and gas titan Shell plc has announced a dip in its annual profits for 2023, attributing the decline to fluctuations in energy prices throughout
Wall Street did not impressively respond with a lukewarm reception to the quarterly results from Alphabet and Microsoft on Tuesday, despite both companies reporting revenue
General Motors (GM) has outperformed Wall Street’s projections for the fourth quarter, bolstering investor confidence with a robust forecast for 2024 despite potential economic headwinds.
Amazon’s planned takeover of vacuum maker iRobot has been scrapped following opposition from European Union competition authorities, dealing a significant blow to both companies and
Swiss building materials giant Holcim has announced plans to spin off its entire North American operations in a New York flotation, with expectations of valuing
Taiwan’s clean energy aspirations and its reputation as a manufacturing hub for semiconductor giants face significant challenges due to the precarious financial situation of its
A federal judge in Brazil has issued a landmark ruling, mandating mining behemoths BHP, Vale, and their Samarco joint venture to shell out 47.6 billion
Comcast exceeded Wall Street expectations for quarterly revenue, propelled by robust growth in its streaming and theme parks divisions, which offset a decline in broadband
In a groundbreaking move, the Singapore Sustainable Finance Association (SSFA) was inaugurated on January 24, marking the first cross-sectoral industry body committed to advancing Singapore
Barcelona-based startup TravelPerk has successfully raised $104 million in a recent equity round led by SoftBank Vision Fund 2 and participation from existing investors Kinnevik
French gaming company La Francaise des Jeux (FDJ) has initiated a takeover offer to acquire Swedish online gaming peer Kindred Group in a move poised
To streamline operations and adapt to evolving market dynamics, online furniture retailer Wayfair is set to cut approximately 1,650 jobs, or 13% of its global
Taiwan Semiconductor Manufacturing Co Ltd (TSMC), the world’s largest contract chipmaker, anticipates a robust growth trajectory in 2024, projecting more than a 20% increase in
In a challenging economic landscape, Japan witnessed a significant upswing in corporate bankruptcies during 2023, surpassing 8,000 for the first time in four years, according
The JPMorgan Healthcare Conference held in San Francisco spotlighted the growing interest and enthusiasm within the biotech and pharmaceutical industry for antibody-drug conjugates (ADCs), a
Given the tech giant’s substantial earnings, Google is facing criticism from the Alphabet Workers Union, which deems the recent job cuts across various teams unnecessary.
Hewlett Packard Enterprise (HPE) is reportedly negotiating to acquire Juniper Networks in a deal that values the network gear manufacturer at approximately $13 billion, according
In a significant boost to India’s southern state of Tamil Nadu, investment agreements totaling more than $4.39 billion were signed with prominent firms, including major
In a year marked by formidable challenges, Ford Motor showcased resilience, reporting a 7.1% increase in U.S. sales, reaching nearly 2 million vehicles in 2023.
In the first trading session of the New Year, oil prices experienced a notable uptick, rising more than 2% amid escalating concerns over potential disruptions
Huawei, the global tech giant, announced a robust outlook for 2023, indicating a substantial recovery from challenges posed by US sanctions and geopolitical tensions. The
As Singapore enters the new year, households are adjusting to the second phase of the Goods and Services Tax (GST) hike, which takes effect on
In a strategic move to secure lower-cost reserves and brace for future industry shifts, the oil and gas sector embarked on a remarkable $250 billion
Apple is reportedly negotiating with major news and publishing organizations to secure permission to use their content to develop generative artificial intelligence (AI) systems, as
Russia has allocated more than $12 billion in state subsidies and loans to support its aviation industry following Western sanctions imposed after Moscow invaded Ukraine.
In a significant development, Google has agreed to a $700 million settlement and pledged to enhance competition within its Play app store, marking the resolution
During a visit to Tokyo for the upcoming summit between Japan and ASEAN members, Thai Prime Minister Srettha Thavisin emphasized the need for Japanese companies
The Singapore National Employers Federation (SNEF) has recommended that Budget 2024 include specific grants to encourage corporate adoption of artificial intelligence (AI) to enhance business
Microsoft and the AFL-CIO, the largest federation of unions in the United States, announced a groundbreaking deal on Monday. In a first-of-its-kind partnership, the two
