Fashion
Italy extends big tech tax probe to Musk’s X social network
ITALY is claiming 12.5 million euros (S$17.4 million) from Elon Musk’s social network X following a tax probe running parallel to one into Meta, four sources with direct knowledge...
Forest City could become cheaper, secondary family office hub to complement Singapore
While the fundamentals are there, it is too early to tell if the zone could become a regional wealth centreMALAYSIA’S Forest City could be a secondary family office (FO)...
Food Empire H2 profit down 3.2% at US$28.9 million
FOOD Empire’s net profit fell 3.2 per cent to US$28.9 million for the second half ended Dec 31, 2024, from US$29.8 million in the same period the year before. Meanwhile,...
DBS flags 13,000 employees for upskilling, reskilling amid job cuts
The lender says its permanent staff across all its markets will not be affected by the reductionsDBS has identified 13,000 employees that require upskilling or reskilling, in order to...
Aztech Global H2 profit falls to S$23.9 million on lower sales but group doubles dividend
DESPITE its profit dropping from S$57.1 million to S$23.9 million in the second half of 2024, Aztech Global almost doubled its dividend for the full year ended Dec 31....
Singapore shares in the red as regional indices fall; STI retreats 0.3%
Losers beat winners 326 to 234, as 1.6 billion securities worth S$1.8 billion change handsSINGAPORE equities closed Tuesday (Feb 25) in the red, tracking regional losses. The benchmark Straits...
Tesla sales fall 45% in Europe as rivals’ EV registrations soar
TESLA’s sales plunged 45 per cent last month across Europe, where rival carmakers saw a surge in electric vehicle (EV) demand.The Elon Musk-led company registered only 9,945 cars in...
India’s Tata Play, Airtel Digital TV near merger: ET
INDIA’S Tata Group and Bharti Group are finalising a merger of their satellite TV businesses Tata Play and Airtel Digital TV amid mounting losses due to sustained migration to...
Trump team seeks to toughen Biden’s chip controls over China
DONALD Trump’s administration is sketching out tougher versions of US semiconductor curbs and pressuring key allies to escalate their restrictions on China’s chip industry, an early indication the new...
China’s oil teapots rocked by tax rules that threaten closures
CHINA’S smaller, independent oil refineries are getting squeezed by a stricter tax regime, which could accelerate shutdowns in the embattled sector.The refiners, dubbed teapots, are in the crosshairs of...
Yangzijiang Shipbuilding dives further after US proposed fees for Chinese-built ships
SHARES of maritime vessel maker Yangzijiang Shipbuilding tumbled further on Tuesday (Feb 25) in early trade, after the US Trade Representative (USTR) office proposed to slap fees on Chinese-built vessels...
Google’s AI previews erode the internet, US edtech company says in lawsuit
ALPHABET’S Google internet search engine is eroding demand for original content and undermining publishers’ ability to compete with its artificial intelligence-generated overviews, a US educational technology company said in...