Real Estate
Global power demand is surging on AI and air-con, IEA says
THE world’s demand for electricity in 2024 is set to grow at its fastest pace in years, but clean energy sources will also soar through 2025, the International Energy...
AmEx’s quarterly profit beats estimates on robust spending
CREDIT card giant American Express raised its full-year profit forecast on Friday (Jul 19), as its wealthy customers persisted in splurging on travel, dining and entertainment.
The company also reported...
Several Singapore companies hit by global IT outage; Changi Airport processes check-ins manually
SEVERAL companies in Singapore were hit by a global IT outage on Friday (Jul 19) afternoon.The websites of several companies appeared unable to load from around 2 pm. In...
Several Singapore companies hit by global IT outage; over 10 airlines at Changi Airport affected
SEVERAL companies in Singapore were hit by a global IT outage on Friday (Jul 19) afternoon.The websites of several companies appeared unable to load from around 2 pm. In...
Singapore shares fall at Friday’s open tracking global retreat; STI down 0.6%
SINGAPORE stocks opened weaker on Friday (Jul 19) following overnight losses on Wall Street and Europe amid a selloff on technology stocks. The Straits Times Index (STI) headed down...
Blackstone posts modest Q2 profit jump on private equity, credit gains
BLACKSTONE said on Thursday (Jul 18) its second-quarter distributable earnings rose 3 per cent from a year earlier, as a jump in asset sales in its private equity and...
DBS launches generative AI virtual assistant for customer service workforce
CUSTOMER service officers at DBS will all soon be able to use a generative artificial intelligence (AI)-powered virtual assistant to serve customers more efficiently and effectively. The virtual assistant, named...
ECB keeps rates unchanged, offers no guidance on next move
THE European Central Bank (ECB) kept interest rates unchanged as expected on Thursday (Jul 18) and gave no hints about its next move, arguing that domestic price pressures remain...
