World’s most stringent ESG rules draw backlash from EU business

World’s most stringent ESG rules draw backlash from EU business

FOR TotalEnergies chief executive officer Patrick Pouyanne, the difference in the performance of his company’s stock and that of ExxonMobil, the largest United States producer of oil and gas, is in no small part explained by an acronym: ESG. ExxonMobil’s aggressive oil and gas strategy has been rewarded by investors, with its shares more than…

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Roblox aims for 10% of US$180 billion gaming content market

Roblox aims for 10% of US0 billion gaming content market

ROBLOX chief executive officer and co-founder Dave Baszucki announced a new goal for 10 per cent of the global video-game content revenue to flow through the company’s popular gaming platform. At the Roblox developer conference on Friday (Sep 6), Baszucki said the company will do this by working with tech giants such as Apple, Alphabet…

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Smiggle boss John Cheston fired for ‘serious misconduct’

Smiggle boss John Cheston fired for ‘serious misconduct’

THE managing director of Australia’s wildly popular back-to-school accessorizer Smiggle, John Cheston, has been fired for “serious misconduct”, the brand’s owner said. Cheston was in “serious breach of his employment terms and on that basis his employment has been terminated today,” Just Group said on Monday (Sep 9), without elaborating. Just Group, wholly owned by…

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New iPhone will use Arm’s chip technology for AI: report

New iPhone will use Arm’s chip technology for AI: report

APPLE’S latest iPhone with its A18 chip, which is set to be unveiled at an event on Monday (Sep 9), has been developed using SoftBank-owned Arm’s newest V9 chip design, the Financial Times newspaper reported on Saturday. Apple is set to host its fall event on Sep 9 at its headquarters in Cupertino, California, where…

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Westpac appoints Anthony Miller as new chief executive officer

Westpac appoints Anthony Miller as new chief executive officer

WESTPAC has appointed Anthony Miller as chief executive officer and managing director, the Australian bank said on Monday. Miller, who joined the company in 2019, was serving as the chief executive of Westpac’s Business & Wealth division, and will succeed Peter King, who will retire after a 30-year career at Westpac including five years as…

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S-Reits expected to rally on potential rate cuts

S-Reits expected to rally on potential rate cuts

AT THE Jackson Hole economic symposium in late August, Federal Reserve chair Jerome Powell mentioned that “the time has come for policy to adjust”. This suggests potential interest rate cuts, which could benefit Singapore Reits (S-Reits) with lower borrowing costs and higher property valuations. The iEdge S-Reit Index, widely regarded as the benchmark of S-Reits,…

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