Business
Time’s not ripe for SingPost to sell its flagship building
The share price of Singapore Post (SingPost) said it all about investors’ attitude towards the national postal service provider’s latest…
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Business
CATL’s 1.8-billion euro German plant boosts China’s invest-abroad bet
[SINGAPORE/BERLIN] More than two years ago on the outskirts of a medieval German town, China’s biggest EV battery company placed a…
Business
Yoma Strategic’s H2 profit falls 12.4% to US$18.3 million
Yoma Strategic Holdings posted a 12.4 per cent decline in net profit for the second half-year ended Mar 31 to US$18.3 million, from…
Business
Julius Baer faces US$156 million loan loss charge
Julius Baer Group said it’s booking another large loss from property developments it helped finance, just as the Swiss wealth manager is…
News
Burkina Faso's military leaders turn to 'Africa's Che Guevara' to rally struggling country
OUAGADOUGOU, Burkina Faso (AP) — The military rulers of Burkina Faso have turned to a man once known as “Africa’s Che Guevara" as a way to…
Fashion
Dior Welcomes ‘Positive Conclusion’ of Italian Probe
Dior said Wednesday it has been cleared of any wrongdoing following an Italian probe into its supply chain, citing a “positive conclusion”…
Business
Britain's M&S says cyberattack to cost US$400 million
British retailer Marks & Spencer said on Wednesday (May 21) a “highly sophisticated cyber” attack would cost it about US$403 million in…
News
Germany says it broke up a far-right group that planned attacks. 5 people have been arrested
BERLIN (AP) — German police arrested five people on Wednesday accused of involvement with a far-right group calling itself “Last Defense…
Business
Singapore’s ultra-rich among wealthy Asians snapping up property in Dubai
Property cooling measures may have dampened housing demand here, but Singapore’s ultra-rich are among high net-worth individuals (HNWI)…
Business
Covid-19 testing demand surges as cases spike across Asia
Phase Scientific has developed the world’s first urine-based human papillomavirus test, and is planning to expand that business globally…
Lifestyle
Inside Glow Recipe’s Big Global Plans
More than a decade after the brand’s founding, Glow Recipe is seeing the fruits of its labor. Under the leadership of cofounders and…
Lifestyle
Sabre’s India Chief on Finding Talent, Tech Shifts, and What Travelers Want Now
Travel technology company Sabre is increasing its focus on India, and leading the push is Samual Machado, who returned to Sabre last year…
Beauty
How Jaimee Lupton Is Building Mass Beauty Brands for the Next Generation
When it comes to creating culturally relevant, cult-followed beauty brands, Jaimee Lupton is on a roll. During WWD’s Beauty CEO Summit,…
Business
Implementing AI in the Beauty Category to Scale With Speed
AI isn’t just a buzzword. It’s an industry-wide transformation. At WWD’s annual Beauty CEO Summit, David Greenberg, chief executive…
Business
Labubu maker Pop Mart flagged for global expansion potential; CGSI initiates coverage
[Hong Kong] CGS International (CGSI) has initiated coverage on Pop Mart’s stock with an “add” rating, citing the group’s transformation…
Beauty
The Maesa Magic: Building the Next Generation of Beauty Brands
In a conversation presented by Maesa, James Manso, beauty and fashion market editor at WWD, sat down with Piyush Jain, chief executive…
News
Mexico City mayor’s personal secretary, adviser shot dead in morning ambush
Two top aides to the mayor of Mexico City have been shot dead in the latest attack against public officials in the Latin American country.…
Business
Nvidia says US export controls on AI chips to China were ‘a failure’
The world’s second-largest economy to invest aggressively to develop a supply chain that does not rely on manufacturers outside the…
Business
Nvidia CEO praises Trump move to scrap some AI export curbs
US export controls on artificial intelligence (AI) chips to China were “a failure” as they have cost American companies billions of US…
Business
Toyota takes all-hybrid plunge with its best-selling US vehicle
Toyota Motor is scrapping the petrol-powered version of its best-selling vehicle in the US as the Japanese carmaker doubles down on its…
News
DOJ opens criminal investigation of former New York Gov. Andrew Cuomo, AP source says
The Justice Department has opened a criminal investigation into former New York Gov. Andrew Cuomo after congressional Republicans…
Business
Vietnam approves establishment of Sun PhuQuoc Airways
Vietnam’s Prime Minister, Pham Minh Chinh, has approved the establishment of a new airline, Sun PhuQuoc Airways, the official Vietnam News…
Business
Former Citigroup traders drop Hong Kong lawsuit on cost concerns
Two former Citigroup traders in Hong Kong abandoned their employment lawsuits after weighing the costs and difficulties of taking it to a…
Business
Temasek’s SeaTown to invest up to S$115 million in AddVita
SeaTown Holdings, an investment manager indirectly owned by Temasek, said on Wednesday (May 21) it is committing up to S$115 million in…