Leadership
Chinese overcapacity is crushing the global steel industry
EACH year, China makes as much steel as the rest of the world combined. The vast scale of its output – around one billion tonnes a year – is...
Amazon boosts warehouse worker pay by at least US$1.50 an hour
AMAZON.COM is raising the pay of its hourly warehouse workers by at least US$1.50 an hour and adding Prime memberships to their benefits.
The raises will take effect this...
Snapchat pushes ‘safer’ platform image, but not everyone agrees
SNAPCHAT, the popular teen-focused social network, is positioning itself as a healthier alternative to platforms like Instagram and TikTok, which have faced criticism for their impact on youth mental...
US seeks over US$100 million from ship owner and manager in Baltimore bridge collapse
THE United States filed a lawsuit on Wednesday (Sep 18) claiming over US$100 million from the Singapore owner and manager of container ship Dali, which collided into a Baltimore...
US SEC poised to allow half-penny stock pricing
WALL Street’s top regulator on Wednesday (Sep 18) unveiled rules allowing stock markets to price shares in increments of half a penny, rather than the current minimum size of...
Robust dry bulk market drives ship recycling to decade-low
ONLY 45 dry bulk ships have been recycled between January and August 2024 – 42 per cent lower year on year and the second-lowest level in 16 years, according...
US dollar cedes ground to yen ahead of Fed decision
THE US dollar surrendered some of its overnight gains against the yen on Wednesday (Sep 18), as investors tweaked their positions ahead of a policy meeting expected to initiate...
More family offices deploy into risk assets on rising optimism: Citi
MORE family offices (FOs) worldwide are shifting their portfolios to risk assets from cash, amid optimism about the outlook for their one-year portfolio performance.This is despite the interest rate...
