News
Tesla sales continue to slide amid competition and backlash against Elon Musk
As Elon Musk scrambles to restore Tesla’s reputation and deliver on promises of autonomous driving technology, vehicle sales for the company continued to fall last quarter.Tesla delivered 384,122 vehicles...
Tinder rolls out mandatory face verification for California users
West Hollywood-based Tinder is now requiring facial recognition scans for all users in California as part of its efforts to build trust among users and reduce the prevalence of...
BNP Paribas completes 5.1 billion-euro acquisition of AXA Investment Managers
The acquisition allows BNP to manage long-term savings for insurers and pension funds with around 850 billion euros in assetsPublished Tue, Jul 1, 2025 · 05:52 PM[LONDON] BNP Paribas...
MAS proposes to improve complex product labelling and disclosures for investors
[SINGAPORE] Investors in Singapore may soon gain clearer disclosures and improved guidance for complex products, following the implementation of proposed amendments by the Monetary Authority of Singapore (MAS).
The central...
From banks to tech: Job cuts and layoffs for 2025
[SINGAPORE] In 2025, a growing number of corporations globally have announced job cuts, as macroeconomic pressures, restructuring efforts, and shifting strategies force companies to trim their workforces.Here are some...
Standard Chartered faces US$2.7 billion lawsuit over alleged role in 1MDB fraud; bank ‘emphatically rejects’ claims
[SINGAPORE] Liquidators seeking to recoup misappropriated funds from Malaysia’s sovereign wealth fund 1Malaysia Development Berhad (1MDB) have initiated legal proceedings against Standard Chartered Bank in the High Court of...
Landmark EU tech rules holding back innovation, Google says
[BRUSSELS] Alphabet’s Google will on Tuesday warn EU antitrust regulators and its critics that landmark European Union rules aimed at reining in Big Tech are hampering innovation to the...
Three senior Mizuho FX/rates traders exit in Singapore, London
Published Tue, Jul 1, 2025 · 11:44 AM[SINGAPORE] Three senior executives have left Mizuho Financial Group’s foreign-exchange and rates trading teams in Singapore and London, according to sources familiar...
Shell-led LNG Canada ships first cargo to meet Asian demand
[LONDON] Shell has started exports from Canada’s first liquefied natural gas (LNG) project, helping to meet rising Asian demand and extending its position in the global LNG market.The first...
South Korea wealth fund to boost bets on AI startups, eyes China tech
[SEOUL] South Korea’s sovereign wealth fund plans to increase allocations to tech startups and venture capital funds (VCs) as part of its broader push to deepen exposure to artificial...
