Real Estate
Japan’s Uniqlo opens Rome store as part of European expansion
JAPAN’S Uniqlo will open the doors on its new Rome store on Thursday (Apr 18), an important part of plans by owner Fast Retailing to further accelerate growth in...
Microsoft-OpenAI deal set to dodge formal EU merger probe: sources
EUROPEAN Union antitrust regulators have concluded that Microsoft’s US$13 billion investment into OpenAI is not an acquisition, sources familiar with the matter said on Wednesday (Apr 17), signalling the...
China slams US move to investigate its shipbuilding industry
CHINA’S government blasted a Biden administration plan to launch a formal review of its maritime, logistics and shipbuilding sector, calling the investigation a mistake “based on the need of...
TikTok divest-or-ban bill heads to fast track in US congress
THE effort to force TikTok’s Chinese parent company ByteDance to divest its ownership of the social media platform would quickly become law under a plan outlined on Wednesday (Apr...
Google lays off employees, shifts some roles abroad amid cost cuts
ALPHABET-OWNED Google is laying off an unspecified number of employees, a company spokesperson said on Wednesday (Apr 17), marking the latest cuts at the technology giant as it cracks...
Liberalise South-east Asia’s energy sector to attract more private finance: BlackRock official
SOUTH-EAST Asia needs to adopt a market-based approach towards its energy sector to attract more private capital into the region’s energy transition, said Philipp Hildebrand, vice-chairman of asset manager...
US dollar edges down but still close to 5½ month high; Fed, Middle East in focus
THE US dollar edged down but was near 5½-month highs on Wednesday (Apr 17) as Federal Reserve officials reiterated the rate-cutting cycle was on hold pending new economic data,...
US: Wall St opens higher on megacaps boost; earnings, Fed comments