Lifestyle
US warns against Nippon merger with US Steel, citing China steel glut
NIPPON Steel’s proposed US$14.9 billion takeover of U.S. Steel would create national security risks because it could hurt the supply of steel needed for critical transportation, construction and agriculture...
US steps up export controls on advanced tech goods
THE United States announced on Thursday tighter export controls on critical technologies like quantum computing and semiconductor manufacturing goods, targeting access by adversaries like China.The Commerce Department said it...
US: Stocks end mostly down as market awaits employment update
WALL Street stocks were under pressure for a third straight session on Thursday after digesting mixed economic data while it looks ahead to a key labour market report.Stocks “struggled to get traction...
Energy giants’ exits deflate Vietnam’s offshore wind ambitions
The obstacles to fully realising the country’s potential for generating wind power are regulatory, economic, technical and even tied to security[HO CHI MINH CITY] Despite its vast offshore wind...
Big Four accounting firm PwC UK orders staff back to the office
“Face-to-face working is hugely important to a people business like ours,” says Laura Hinton, managing partner of PwC UK PricewaterhouseCoopers, one of the Big Four accounting firms, is clamping down...
US bank profits jump 11% in second quarter of 2024 as expenses shrink
THE US banking industry recorded profits of US$71.5 billion in the second quarter of 2024, up 11.4 per cent on the prior quarter, the Federal Deposit Insurance Corporation (Fdic)...
US bank profits jump but watchdog warns of stress
THE US banking industry recorded higher profits in the second quarter of 2024, but the Federal Deposit Insurance Corporation (FDIC) on Thursday (Sep 5) identified several lingering areas of...
UK retailer John Lewis to bring back 100-year-old price pledge
British department store John Lewis is reintroducing its 100-year-old “Never Knowingly Undersold” promise to customers on Monday (Sep 9), two years after it dropped it, hoping a revamped version...
US dollar sags as traders up their bets on jumbo US rate cuts
THE US dollar touched one-month lows against the yen and was under pressure against other major currencies on Thursday (Sep 5) as growing concern over the US economic outlook...
Tourist-focused Island Hospital will enhance IHH Healthcare’s attractiveness to higher-paying foreign patients: analysts
Island Hospital is complementary to IHH’s existing Penang hospitals and yields immediate commercial synergies, say analystsINTEGRATED healthcare provider IHH Healthcare’s RM3.9 billion (S$1.17 billion) acquisition of Penang’s Island Hospital...