News
Shein hit with complaint from EU consumer group over ‘dark patterns’
[LONDON] Pan-European consumers organisation Beuc filed a complaint with the European Commission on Thursday (Jun 5) against online fast-fashion retailer Shein over its use of “dark patterns”, tactics designed...
Vingroup seeks private loan to buy KKR’s stake in Vinschool
Published Thu, Jun 5, 2025 · 12:17 PM[SINGAPORE] Vietnamese conglomerate Vingroup is seeking a around US$300 million private credit loan to purchase KKR’s stake of about 38 per cent...
Citi to cut 3,500 technology jobs in China as part of global revamp
Published Thu, Jun 5, 2025 · 11:23 AM[HONG KONG] Citigroup will reduce the number of employees at two of its technology centres in China by about 3,500, the bank...
China’s power prices nosedive in relief to tariff-hit factories
[BEIJING] A crash in Chinese coal prices, and a flood of clean energy, are cutting power rates in major industrial hubs, easing pressure on some of the factories caught...
Amazon’s delivery, logistics get an AI boost
[SUNNYVALE, California] Amazon wants customers to know that artificial intelligence is not just for writing college essays.In a series of announcements on Wednesday, Amazon demonstrated how stockroom robots, delivery...
Oil settles 1% lower after US data shows large builds in fuel stocks
[HOUSTON] Oil prices settled down just over 1 per cent on Wednesday after US data showed surprisingly large build in petrol and diesel inventories, swelling fuel supplies with Opec+ planning...
US economic activity declines as tariffs pressure prices, Fed says
The report notes that firms with plans to pass along tariff-related costs to consumers expect to do so within three monthsPublished Thu, Jun 5, 2025 · 06:14 AM[NEW YORK]...
Overcoming challenges in sustainable finance
Helge Muenkel, chief sustainability officer, DBSHelge Muenkel, DBS chief sustainability officer PHOTO: DBSVictor Wong, head of sustainability office, UOB Asset ManagementVictor Wong, head of sustainability office, UOB Asset Management...
Beyond polar bears: How nature-related financing can help companies be more resilient
[SINGAPORE] A cracked, parched earth. Bare trees and withered crops. Emaciated livestock. That is often the image one has when a drought occurs. An image that is often far...
Meta sued by Eminem’s publishing company over alleged copyright infringement
Eight Mile Style, a company that owns some of Eminem’s most popular songs, is suing social media giant Meta over alleged copyright infringement. The lawsuit, filed in a federal...
