Lifestyle
CDL acquires Hilton Paris Opera Hotel from Blackstone funds for 240 million euros
CITY Developments Limited : C09 0% (CDL) has acquired Hilton Paris Opera Hotel from funds managed by Blackstone for 240 million euros (S$350.2 million), it said on Tuesday (May...
Sony profit outlook misses estimates as PS5 appeal wanes
Sony Group said it expects operating income of 1.28 trillion yen (S$11.07 billion) in the year to March, missing analyst expectations for both profit and sales as PlayStation 5...
China’s Comac is designing a new widebody jet
CHINA’S state-owned planemaker Commercial Aircraft Corporation of China (Comac) has preliminary drafts for a new widebody jet called the C939, the South China Morning Post reported, likely a larger...
Japanese bond yields climb to decade highs on BOJ policy bets
JAPANESE sovereign bond yields are surging to the highest levels in more than a decade amid signs the central bank is ready to reduce debt purchases to ease pressure...
Capital A’s Teleport targets rapid growth after airline spinoff
CAPITAL A’s logistics arm Teleport will not be hampered by the imminent spinoff of the group’s airline assets and harbours its own IPO ambitions, chief executive officer Pete Chareonwongsak...
SingPost, Lithuania Post ink MOU to advance global postal network
Singapore Post (SingPost) and the largest provider of postal services in Lithuania, Lietuvos paštas (Lithuania Post), will collaborate to explore opportunities in postal and express delivery sectors, after signing...
IMF endorses Japan’s commitment to flexible yen
THE International Monetary Fund (IMF) said Japan’s commitment to allow the yen to move flexibly will help the central bank focus on achieving price stability, warning against growing calls...
UAE releases new AI model to compete with big tech
A GOVERNMENT research institute in the United Arab Emirates on Monday (May 13) released a new open source GenAI model, which could rival the ones from big technology companies.Abu...
