Posts by Yurie Miyazawa
Uniqlo’s owner boosts new graduate pay as Japan faces inflation
UNIQLO owner Fast Retailing will raise base salaries for new graduates in Japan by as much as 12 per cent, stepping up efforts to secure and retain talent as the country’s workers grapple with inflation. Annual pay will grow by about 12 per cent to 5.9 million yen (S$48,350) starting in March for university graduates…
Read MoreWhy investors are betting on nuclear fusion even as it remains elusive
Interest in fusion has been further fuelled by the proliferation of data centres, as tech firm hunt for sources to power their cloud computing and AI operations NUCLEAR fusion has long captured the scientific imagination. The dream is to harness the same process that powers stars to produce cheap, abundant and carbon-free electricity. The technology…
Read MoreSoftBank races to fulfil US$22.5 billion funding commitment to OpenAI by year-end: sources
[NEW YORK/TOKYO/SAN FRANCISCO] SoftBank Group is racing to close a US$22.5 billion funding commitment to OpenAI by year-end through an array of cash-raising schemes, including a sale of some investments, and could tap its undrawn margin loans borrowed against its valuable ownership in chip firm Arm Holdings, sources said. The “all-in” bet on OpenAI is…
Read MoreValueMax to defend claims of infringement by LV, says it doesn’t carry LV products currently
[SINGAPORE] ValueMax says it is vigorously defending claims of infringement and does not currently carry LV products at all its outlets, in response to queries after news broke that the SGX-listed company is being sued by global luxury and fashion goods company Louis Vuitton. It was reported on Dec 17 that Louis Vuitton – or…
Read MoreFrench court rejects Shein suspension
A FRENCH court on Friday rejected the state’s request to suspend Shein’s site in France as “disproportionate” after the Asian e-commerce giant removed illicit products sold on its platform. The French government said it would appeal the ruling. French authorities had requested the ultra-fast-fashion giant’s site be blocked for three months after weapons, banned medications…
Read MoreEconomyBookings.com vs. Booking Directly: How to Get the Best Deal on Your Next Car Rental
When you’re planning your next trip and need a rental car, you’re faced with an important decision: should you book through an aggregator like EconomyBookings or go directly to the rental company? This choice has real implications for your wallet, your travel flexibility, and your overall rental experience. The answer typically depends on your unique…
Read MoreIndia’s Adani seeks to operate more airports as part of US$11 billion expansion
The group currently manages seven airports across the country, with plans to aggressively bid for 11 more [MUMBAI/NEW DELHI] India’s Adani Enterprises plans to aggressively bid for 11 airports that the federal government plans to lease to the private sector, as part of the company’s US$11 billion expansion strategy for airport infrastructure. The conglomerate, led…
Read MoreCNMC plans to appeal against additional tax assessment of RM29.6 million imposed on Malaysian unit
The notices were raised in relation to the disallowance of management fee expenses paid by the subsidiary to the gold-mining company [SINGAPORE] A Malaysian unit of CNMC Goldmine has been slapped with additional income tax and penalty amounting to RM29.6 million (S$9.4 million) for the years of assessment 2019 to 2024. The Catalist-listed gold-mining company…
Read MoreSMRT announces senior management changes as deputy group CEO steps down
Its group chief communications officer will also relinquish the role to focus on the company’s ESG and CSR agenda [SINGAPORE] Transit operator SMRT on Friday (Dec 19) announced two key senior management changes, including the departure of deputy group CEO Lee Ling Wee. Lee, who is also the president of SMRT’s business arm Strides International…
Read MoreThe Chinese-made DJI drones used by US police face a MAGA-fuelled reckoning
If DJI fails to get FCC clearance by Christmas, it could join Huawei and ZTE on the agency’s list [WASHINGTON] President Donald Trump’s administration faces a Tuesday (Dec 23) deadline for declaring whether Chinese drone maker DJI Technologies poses a national security threat, a decision with the potential to ground thousands of machines deployed by…
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