GameStop CFO to step down after Reddit driven stock rally
NEW YORK (REUTERS) – GameStop chief financial officer Jim Bell will step down next month, the video game retailer said on Tuesday (Feb 23), as it focuses on shifting into […]
Morning Briefing: Top stories from The Straits Times on Feb 24
Good morning! Here are our top stories to kick-start your Wednesday, Feb 24. Workers, employers welcome progressive wages in Singapore’s retail sector But some retailers may find it harder to […]
Marriott taps veteran Tony Capuano as new CEO after Arne Sorenson’s death
WASHINGTON (BLOOMBERG) – Marriott International named Tony Capuano as chief executive officer, tapping the veteran development executive to lead the hotel giant’s recovery from the Covid-19 pandemic. Mr Capuano, 55, […]
Lucid Motors CEO aims to launch Tesla Model 3 rival in 2024 or 2025
SAN FRANCISCO (REUTERS) – Lucid Motors chief executive officer Peter Rawlinson told Reuters on Tuesday (Feb 24) that the luxury electric car maker plans to launch a rival to Tesla’s […]
OCBC Q4 profit drops 9% to $1.13 billion on lower total income
SINGAPORE (REUTERS) – Singapore’s second-biggest listed-lender, Oversea-Chinese Banking Corp, reported a 9 per cent drop in quarterly profit on Wednesday (Feb 24), dragged down by a 15 per cent decline […]
Tesla briefly sinks below price at which it entered S&P 500 index
NEW YORK (BLOOMBERG) – Tesla shares wiped out their year-to-date gains on Tuesday (Feb 23) and briefly traded below the level where they were when the electric-carmaker entered the S&P […]
13 months’ jail for 4th man involved in ruse that cheated WDA of $51,000
SINGAPORE – A 29-year-old man has become the fourth person to be sent to jail for his involvement in a ruse that cheated the now-defunct Workforce Development Agency (WDA) of […]
Covid-19 vaccination drive kicks off for over 50,000 eligible cabbies, private-hire drivers
SINGAPORE – More than 50,000 active taxi and private-hire car drivers will be offered the chance to get their first dose of the Covid-19 vaccine by the end of the […]
Singaporean student who imported child sex doll in Australia sentenced to 11 months’ jail
SINGAPORE – A Singaporean student living in Australia who imported a child sex doll and possessed child abuse material has been sentenced to 11 months’ jail. However, the 27-year-old, who was […]
3 former Shell employees linked to $200 million gas oil heist charged with graft
SINGAPORE – Three former Shell Eastern Petroleum employees linked to a $200 million gas oil heist have been charged with bribing employees of surveying companies who inspected vessels which the […]
Spotify to add 85 new markets with 1 billion people
NEW YORK (BLOOMBERG) – Spotify Technology is introducing its audio service in 85 markets across Asia, Africa and the Caribbean in coming days, expanding the company’s potential market by some […]
WeWork co-founder Adam Neumann nears settlement with SoftBank: Source
BENGALURU (REUTERS) – WeWork co-founder and former chief executive Adam Neumann is nearing a settlement with SoftBank Group that could include a nearly US$500 million (S$660.8 million) cut in his […]
Morning Briefing: Top stories from The Straits Times on Feb 23
Good morning! Here are our top stories to kick-start your Tuesday, Feb 23. Biden calls for national moment of silence for 500,000 US Covid-19 deaths More people have died in […]
China returns as top India trade partner even as relations sour
MUMBAI (BLOOMBERG) – China regained its position as India’s top trade partner in 2020, as New Delhi’s reliance on imported machines outweighed its efforts to curb commerce with Beijing after […]
Bitcoin tanks after Elon Musk hints prices are excessive; Janet Yellen sounds warning
NEW YORK (BLOOMBERG) – Elon Musk’s embrace of bitcoin earlier this month rocketed the cryptocurrency almost 50 per cent higher to more than US$58,000 (S$76,600). His cold shoulder this weekend […]
Private clinic nurse allegedly molested male patient at Mt Elizabeth Novena Hospital
SINGAPORE – A male nurse from a specialist clinic at Mount Elizabeth Novena Hospital is accused of molesting a male patient in 2018. Ivan Lee Yi Wang, now 32, is […]
Morning Briefing: Top stories from The Straits Times on Feb 22
Good morning! Here are our top stories to kick-start your Monday, Feb 22. Singapore hopes to balance its Budget as economy picks up: DPM Heng With vaccination exercises taking place […]
Battle for young hearts and minds as extremists grow savvy online
A 17-year-old detained under the Internal Security Act (ISA) in January last year had begun to walk down the path of radicalisation in 2017 when he was 15 years old, […]
15,600 first-time flat buyers get $500m in grants
About 15,600 first-time flat buyers have received nearly $500 million in grants under the Enhanced CPF Housing Grant since the scheme was launched in September 2019. Of these, 7,700 bought […]
Bitcoin hits new high of $1.3 trillion in market value
Bitcoin’s market value reached US$1 trillion (S$1.32 trillion) for the first time, a surge that’s helping cryptocurrency returns far outstrip the performance of more traditional assets like stocks and gold. […]