Musk says Pepsi to receive Tesla’s first Semi trucks in December

Tesla’s new electric semi truck is unveiled during a presentation in Hawthorne, California in 2017. REUTERS Tesla Inc is starting Semi electric commercial truck production and PepsiCo Inc will get the first deliveries on Dec. 1, the electric vehicle maker’s ...

S'pore August unemployment rates fall to lowest in over 6 years; MOM warns of risks ahead

SINGAPORE – Singapore’s unemployment rates fell across the board in August, but the Ministry of Manpower (MOM) warned of risks of an economic slowdown that could dampen the labour market. The overall unemployment rate declined to 1.9 per cent ...

Hurricane Ian floods leave mess, insurance questions behind

Hurricane Ian floods leave mess, insurance questions behind Christine Barrett and her family had to climb on top of their kitchen cabinets because of flooding that surged into their house during Hurricane Ian Jordan Cromer cleans water-logged items at his ...

McDonald’s brings back iconic Halloween buckets for Happy Meals

Customers can have their meals served in three buckets featuring spooky characters, named McPunk’n, McGoblin or McBoo. McDonalds/Facebook This is no nostalgia nightmare. McDonald’s announced that it will be serving Happy Meals in its iconic plastic Halloween buckets for ...

8 Grocery Items That are Secretly Shrinking and Costing You More

Pantry Items Ignoring the frozen section Bread and pastries Bottom line Inflation is impacting nearly every area of American life, and many consumers are concerned about exactly how much more they must pay for everyday items. As prices rise ...

How cost of living is affecting business and what effect will energy issues have?

Liz Truss has ruled out launching an energy-saving public information campaign amid warnings planned three-hour power blackouts could be imposed in some areas.

Indian billionaire Mukesh Ambani to open family office in Singapore, sources say

SINGAPORE – Asia’s second-wealthiest man, Reliance Industries chairman Mukesh Ambani, is setting up a family office in Singapore, according to people familiar with the move. The Mumbai-based billionaire has picked a manager to hire staff for the new entity ...

China developer CIFI falls deeper into distress despite state help

HONG KONG – A Chinese developer among a rapidly dwindling group still able to access financing has found that’s no panacea amid a broader property debt crisis that policy makers are increasingly trying to defuse. CIFI Holdings Group, China’s ...

Kim Heng units clinch vessel contracts worth $50m

SINGAPORE – The Taiwan-based units of mainboard-listed offshore and marine engineering services provider Kim Heng have clinched multiple contracts totalling US$35 million (S$50 million). The company announced that its wholly-owned subsidiaries – Kim Heng Marine & Oilfield, Khan Hin Engineering ...

Tencent, EV stocks slide in Hong Kong as traders focus on Fed risk before US job, inflation reports

Hong Kong stocks tumbled, tracking overnight losses in US equities, on concerns the Federal Reserve will press on with its policy tightening pace, with no meaningful decline in inflation and labour market conditions. The Hang Seng Index retreated 0.9 ...

Japan's foreign reserves drop by record after USD-selling intervention

TOKYO – Japan’s foreign reserves fell by a record to US$1.24 trillion (S$1.77 trillion) at the end of September as a result of the government’s dollar-selling intervention during the month to arrest a sharp decline in the yen, Ministry ...

UK hiring plans grind to a halt with recession concerns rising

LONDON – The UK labour market is showing signs of cooling as workers and businesses prepare for a possible recession, a survey found. The report by the Recruitment & Employment Confederation showed companies are starting to impose hiring freezes ...

Why are stocks and bonds both falling?

Ishara S. Kokidara/AFP via Getty Images Moves sloooooooowly. Has a long life span. Yields regular deposits (presuming a healthy diet of either pet food or gross revenue). It’s a turtle! Wait–it’s a bond? The bond market is getting hit ...

Judge halts Twitter-Musk case, sets Oct. 28 deadline to close deal

Elon Musk asked a Delaware judge to halt Twitter’s lawsuit against him over their troubled takeover negotiations NEW YORK: A US judge on Thursday suspended litigation in the saga over Elon Musk's proposed $44-billion takeover of Twitter, giving the ...

Japan's foreign reserves drop by record after US dollar-selling intervention

TOKYO – Japan’s foreign reserves fell by a record to US$1.24 trillion (S$1.78 trillion) at the end of September as a result of the government’s dollar-selling intervention during the month to arrest a sharp decline in the yen, Ministry ...

Celsius execs withdrew millions before bankruptcy, court filings show

LONDON – Top executives at Celsius Network withdrew at least US$30 million (S$43 million) of cryptocurrencies in the month before suspending customer withdrawals from the platform, according to bankruptcy court documents filed by lawyers for the crypto lender in ...

Binance-backed blockchain probes $157 million hack of tokens

PORTLAND, Oregon – A major blockchain backed by Binance, the world’s largest cryptocurrency exchange, is probing the potential theft of between US$100 million and US$110 million (S$157 million) of digital tokens native to the network. The amount is an ...

Climate change: Hong Kong university claims key breakthrough in durable, cost-effective hydrogen fuel cells

Researchers in Hong Kong claim to have made a crucial breakthrough in developing more powerful hydrogen fuel cells at lower cost, which would help the city overcome key obstacles in the transition to clean energy to fight climate change. ...

Anutin talks China rail project

Deputy Prime Minister Anutin Charnvirakul meets Viengsavath Siphandone, Lao Minister of Public Works and Transport, centre, to discuss a rail link between Nong Khai and Vientiane to boost trade and investments between the two countries, in Vientiane yesterday. He ...

Image of Galactic Pair shows potential of a Webb and Hubble team-up

NASA has released a new image of a galactic pair known as VV 191. While beautiful, what makes the image truly special is the corroboration of data pulled from both the James Webb space telescope and the Hubble space ...

Yangzijiang Shipbuilding wins 22 contracts, order book at record high of $14.67 billion

SINGAPORE – Mainboard-listed Chinese firm Yangzijiang Shipbuilding has secured new orders for another 22 vessels, raising its total order book value to date to a record high of US$10.27 billion (S$14.67 billion) and extending its top line visibility to ...

September records slowest retail sales growth since shops reopened post pandemic

It comes after a similar poor set of results in August, which was the previous lowest post-COVID performance for retail sales.

Chester's Food poised to resume expansion plan

Ms Lalana said the company is quite optimistic about the prospects for quick service restaurants next year. Chester's Food Co, the operator of Chester's restaurant chain, looks set to resume its aggressive expansion next year as business activities and ...

High-end models, promotions to increase smartphone sales

A man checks out a smartphone at Thailand Mobile Expo 2022, a four-day fair that started on Thursday at Queen Sirikit National Convention Center. (Photo: Somchai Poomlard) The rollout of promotions for high-end smartphones and the clearance of existing stockpiles ...

Celsius says execs withdrew millions before bankruptcy, court filings show

LONDON – Top executives at Celsius Network withdrew at least US$30 million (S$43 million) of cryptocurrencies in the month before suspending customer withdrawals from the platform, according to bankruptcy court documents filed by lawyers for the crypto lender in ...

Hotel prices worldwide 'to rise' at a slower pace

Signage is seen at the Marriott Marquis hotel in Manhattan, New York City, on March 23, 2022. (Reuters photo) MADRID: Hotel prices will keep increasing in 2023 in most of the key cities for business events worldwide as demand ...

AIS Fibre bullish on subscriber growth New router provides 2 Gbps through LAN

Mr Thanit says the AIS Fibre subscriber base is expected to reach 2.2 million by year-end. AIS Fibre, a fixed broadband operator under Advanced Info Service (AIS) Plc, has launched the country's first high-performance router that is able to ...

PTT venture to home in on logistics Registration of new company completed

National oil and gas conglomerate PTT Plc is diversifying into yet another non-oil business by setting up a logistics firm to provide goods transport and management services. The move is in line with the 13th National Economic and Social ...

EnterpriseSG helping more local firms enter new, far-flung markets

SINGAPORE – Venturing abroad for most Singapore firms usually means tackling nearby markets such as Indonesia, Vietnam or China while destinations like Africa, India and Latin America just seem too daunting. Yet these markets could be fertile ground for ...

TAT plans new stimulus Move prompted by weak tourist revenue

Tourists kayak along Bangkok’s Ong Ang canal. (Photo: Pattarapong Chatpattarasill) With local tourism receipts set to fall below the government target of 656 billion baht because of nationwide floods and economic volatility, the Tourism Authority of Thailand (TAT) plans ...

Thailand third in 'best country' survey

Thailand was ranked third on the “Best Countries in the World” list, while Bangkok ranked second on the “Best Big Cities in the World” list, according to Condé Nast Traveler's Reader's Choice Awards 2022. The US-based magazine conducted an ...

BEC World switches focus to offset fall in earnings from ads

Mr Surin pins hope on content licensing and digital business to boost BEC World’s growth. SET-listed BEC World, the operator of Channel 3, wants to shift towards becoming a total entertainment provider by pursuing content licensing and digital business ...

Thai lawyer urges Oslo to block DTAC merger

A lawyer has petitioned the Norwegian government to pressure Norway's Telenor, the parent of Total Access Communication (DTAC), to abort the planned merger with True Corporation, saying it violates Thai laws and Thailand's constitution. The petition was lodged by ...

$9.5 billion in middle-class tax refund payments are about to go out in one state

Last year’s nationwide wave of stimulus payments may have ended, but that doesn’t mean such cash infusions still aren’t going out to taxpayers in certain parts of the US. In fact, middle-class tax refunds totaling some $9.5 billion are ...

DreamHack is coming to Japan

DreamHack has announced it’s coming to Japan for the first time ever. DreamHack is a series of gaming festivals that brings LAN parties, esports tournaments, cosplay contests, concerts, screenings, and gaming exhibitions under one roof. DreamHack has events throughout ...

Yellen says development banks need overhauling to deal with global challenges

U.S. Treasury Secretary Janet Yellen says international development banks need new strategies to help countries finance the transition to low-carbon sources of energy like this rooftop solar project in Jordan. KHALIL MAZRAAWI/AFP via Getty Images hide caption toggle caption ...

Judge gives Elon Musk and Twitter until the end of the month to close their deal

Elon Musk has until Oct. 28 to close the deal to purchase Twitter, a judge ruled on Thursday. Here, the Tesla CEO smiles while on stage at an event in Norway in August. CARINA JOHANSEN/NTB/AFP via Getty Images hide ...

Ugreen Nexode chargers review: Undercutting the competition and powering your devices

The charging bricks that come with our devices usually aren’t the highest quality out there. Often, they’re slow, cheaply made, and usually only have one port. If you really want a high-quality charging experience, you’ll instead need to turn ...

US stocks fall ahead of jobs data

NEW YORK – Wall Street stocks retreated on Thursday ahead of keenly anticipated employment data that will be scrutinised for its implications on US monetary policy. Investors are looking ahead to Friday’s US jobs report, expected to show the ...

From kindergarten to junior college: This Bukit Timah freehold condo is close to many schools

It’s never too early to plan for the future, especially if it concerns your child’s education.  Just ask Ms Vivian Sun. The 32-year-old real estate agent was shopping around for a second home when she fell in love with the ...

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