Business News

'Screw Amazon' out of a $10-Bln JEDI contract, President Donald Trump told Defence Secretary

Trump's personal dislike for Jeff Bezos influenced the Pentagon decision to award the $10 billion cloud contract to Microsoft, says new book.

Oct 27, 2019

By Jacob J

Facebook to launch news section, will pay publishers for their headlines

Facebook will launch a new section called ''News Tab'' and will pay publishers for the headlines and content.

Oct 26, 2019

By Vinod DSouza

Donald Trump complains to Tim Cook about his iPhone design

Donald Trump complains about the latest iPhone design to Apple CEO Tim Cook on Twitter and showcased he's not happy with the swipe feature.

Oct 26, 2019

By Vinod DSouza

Singapore factory output marks thin growth; offshore, electronics segments drop

Excluding bio-medical manufacturing sector the manufacturing output dropped 4.3 pecent, data released by the Economic Development Board of Singapore said.

Oct 25, 2019

By Jacob J

Singapore to launch blockchain technology for interbank payments

Capital inflows to Singapore to gain momentum as Hong Kong stand-off continues

According to a Goldman Sachs estimate, at least $4 billion has moved in Hong Kong dollar deposits to Singapore until August.

Oct 25, 2019

By Jacob J

FDA gives Breakthrough Device Designation to CorFlow, claims firm

The FDA has given Breakthrough Device Designation to CorFlow so that it expedites clinical development and regulatory review of CoFI System, said the company.

Oct 24, 2019

By Priya Yadav

Don't flaunt your bodies and confront men, says Ernst & Young to its women employees

Ernst & Young held a training to 30 of its women employees advising them not to flaunt their bodies and not to confront men at the meetings

Oct 24, 2019

By Vinod DSouza

Amazons Jeff Bezos asked Twitter for philanthropy ideas and Twitter responded

Who is Jeff Bezos? Asks a US student while the Amazon founder gives a lecture in the classroom

A student in the US asked his classmate who is Jeff Bezos while the Amazon CEO gave a guest lecture in the classroom.

Oct 24, 2019

By Vinod DSouza

Singapore jobs outlook gloomy as only 15% of employers look at hire in Q1 2017

Number of jobs lost, unemployment rate inch up in Singapore

The number of retrenchments in the third quarter of 2019 stood at 2,900, higher than in the preceding quarter

Oct 24, 2019

By Jacob J

Former Malaysia PM Mahathir questioned by police for the second time in June

Malaysia works to resolve spat with India, hopes won't affect 16-nation trade deal

The China-led RCEP is expected to create an integrated market of 3.4 billion people with combined GDP of $49.5 trillion, or about 39% of the world economy

Oct 24, 2019

By Reuters

Trump's trade war with China is hitting US jobs; Tech companies bracing for huge layoffs

According to an IPC survey, 13% of the tech companies with operations in the U.S. were either cutting down on hiring or reducing manpower from their sites.

Oct 24, 2019

By R. Ghosh

China exports and imports fall more than expected in July due to weakening demand

China's semi-finished steel imports surge on scrap ban

China's imports of semi-finished steel surged in September as a crackdown on scrap shipments saw Chinese buyers scoop up alternative forms of the metal from other Asian countries at favourable prices.

Oct 23, 2019

By Reuters

South Korea warns of 'serious risk' from vaping, considers sales ban

South Korea on Wednesday advised people to stop using liquid e-cigarettes due to growing health concerns and vowed to speed up an investigation into whether to ban sales

Oct 23, 2019

By Reuters

wework expands in southeast asia via singapore

SoftBank gobbles up WeWork, leaving founder Adam Neumann a billionaire

Neumann, who owned 18 percent in the company, will be given 1 billion for his WeWork holding as well as $185 million in consulting fees.

Oct 23, 2019

By Jacob J

Rot in Infosys: Top Indian co loses $6.6 bln in market cap after whistleblower digs up dirt

The letter says CEO Salil Parekh allegedly used an ethnic slur to refer to two of the board members who are from South India.

Oct 22, 2019

By Jacob J

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