Lifestyle
Volkswagen expects slower sales growth as economic outlook dims
VOLKSWAGEN forecast on Friday (Mar 1) that sales growth would slow in 2024, joining competitors in warning of a weaker economic outlook, rising competition and higher costs. Europe’s top...
Meta rebuffs Google’s virtual reality tie-up proposal, The Information reports
META Platforms decided against a partnership with Alphabet to use Google’s Android XR platform for its virtual and mixed-reality Quest headsets, The Information reported on Friday (Mar 1). Google...
US: Wall St opens subdued after rally on AI boost, inflation relief
WALL Street’s main indexes opened subdued on Friday (Mar 1) after a rally in the previous session driven by an inflation reading that strengthened bets of interest rate cuts...
IM Motors raises US$1.1 billion in one of China EV brands’ biggest recent deals
IM MOTORS, a premium electric vehicle brand of state-owned Chinese automaker SAIC, said on Friday (Mar 1) it has raised more than US$1.1 billion to work on new smart...
Malaysia may permanently waive rules for foreign ships working on undersea cables
MALAYSIA has decided to reverse an earlier decision and allow foreign vessels to repair undersea cables in its waters, its transport minister said on Friday (Mar 1), adding the...
Norway wealth fund sells stakes in 3 Jardine firms on environment concerns
NORWAY’S US$1.6 trillion sovereign wealth fund has excluded three companies from its portfolio due to concerns that mining activity may destroy the natural habitat of critically endangered orangutans, the...
Local shares end week in the red as investor optimism fizzles out; STI down 0.2%
SINGAPORE stocks ended the week lower, as macroeconomic data from both the United States and China caused investors to tread cautiously amid risks of a delay in interest-rate cuts...
Hong Kong attracts 24 applicants for crypto exchange permits
TWENTY-FOUR companies applied for licences to operate digital-asset exchanges in Hong Kong, including larger players like Bybit, OKX and Crypto.com, as the city tries to develop a regulated hub...
