Lifestyle
British Airways owner says 2023 profit soars six-fold
BRITISH Airways parent IAG announced on Thursday (Feb 29) that net profit surged six-fold last year, boosted by “strong” demand particularly from leisure travellers as the bounceback from Covid...
TSMC elevates two veterans to COO in succession move
Taiwan Semiconductor Manufacturing Co (TSMC) promoted two senior executives to share chief operating officer responsibilities, heralding a new generation of leaders at the world’s largest contract chipmaker. The chip...
LSEG confirms £1 billion buyback after in-line 2023 earnings
LONDON Stock Exchange Group (LSEG) reported preliminary full year income for 2023 at the higher end of guidance, and confirmed plans to buy £1 billion (S$1.7 billion) in shares...
Budweiser banks on premium beer as Chinese seek little luxuries
BUDWEISER Brewing APAC plans to expand sales of its premium products beyond restaurants and bars, seizing on consumers’ desire for life’s little luxuries even as they shy away from...
Bahrain’s sovereign wealth fund to invest in Singapore Gulf Bank
BAHRAIN’S sovereign wealth fund Mumtalakat is investing in Whampoa Group’s Singapore Gulf Bank (SGB). The investment will enable SGB to launch and grow its business in Bahrain, said Mumtalakat...
Sony said to have withdrawn India merger pact with Zee
SONY Group is said to have withdrawn the agreement to merge its India operations with Zee Entertainment Enterprises from a local company court, taking the final step in scrapping...
China Aviation Oil H2 profit up 187.1% to US$39 million amid air travel recovery
CHINA Aviation Oil (CAO) registered a 187.1 per cent rise in net profit to US$39 million for its second half-year ended December, from US$13.6 million in H2 FY2022. This...
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...
