Lifestyle
Volkswagen, Xpeng say first jointly made car will be electric SUV
GERMAN automaker Volkswagen (VW) and Chinese electric vehicle (EV) partner XPeng on Thursday (Feb 29) said the first car they plan to develop together will be an SUV for...
Alibaba unveils big cloud price cuts as AI rivalry deepens
ALIBABA Group Holding is rolling out its second major price cut for cloud services in years, aiming to win back users from rivals such as Tencent Holdings competing to...
Brokers’ take: Maybank downgrades PropNex to ‘hold’, sees limited upside as property deals slow
MAYBANK downgraded PropNex to “hold” from “buy” and lowered its target price by 18.3 per cent to S$0.94 from S$1.15, as it sees limited upside on the stock. The...
Shell’s US solar unit launches asset sale: sources
SHELL’S United States solar business Savion has put around a quarter of its assets up for sale, according to a marketing document and industry sources, as the oil major...
UOB’s Wee clan, Singapore’s richest banking dynasty, grapples with succession
BUILDING a multibillion-dollar empire is one thing. Keeping it in the family is another matter. By the time Wee Cho Yaw died earlier this month at 95, his five...
Universal Music Group targets 250 million euros in savings by 2026, flags job cuts
UNIVERSAL Music Group (UMG) will cut jobs and streamline operations to save 250 million euros (S$365 million) by 2026, the company said on Wednesday (Feb 28), a month after...
First Resources H2 profit falls 62.5% on palm oil price downturn
FIRST Resources posted a 62.5 per cent drop in net profit to US$73.9 million for its second half year ended December, from US$197.2 million in the previous corresponding period....
ST Engineering H2 profit rises 19.9% to S$305.9 million
SINGAPORE Technologies Engineering’s (ST Engineering) net profit for the second half ended Dec 31, 2023, rose 19.9 per cent to S$305.9 million from S$255 million in H2 FY2022. On...
