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  • Tencent Consolidates Singapore Office By Moving To TWP’s CapitaSky Coworking Space

    SINGAPORE - Media OutReach Newswire - 27 June 2024 - Chinese tech giant Tencent has consolidated its Singapore office, relocating from 30 Raffles Place to a new flexible working space managed by The Work Project (TWP) at CapitaSky — a 29-storey tower in the Central Business District (CBD). Tencent Consolidates Singapore Office By Moving To TWP’s CapitaSky Coworking Space New Singapore Office Consolidates Tencent Workforce in Prime CBD Location The move, completed in the first week of June 2024 f

  • Modi's govt calls on Indian state to look into Reuters report on Foxconn hiring

    Indian Prime Minister Narendra Modi's government on Wednesday said it has asked the Tamil Nadu state to submit a "detailed report" after a Reuters story revealed that Apple supplier Foxconn rejected married women from iPhone assembly jobs in the country. In a statement calling for the probe, the federal government's Ministry of Labour and Employment cited the Equal Remuneration Act of 1976, saying the law "clearly stipulates that no discrimination (is) to be made while recruiting men and women workers." The ministry said it has requested a detailed report from the Labour Department of Tamil Nadu, site of a major iPhone factory where Reuters uncovered Foxconn’s practice of shunning married women from jobs.

  • Potential China action against EU pork may be double-edged sword for Brazil

    China's potential imposition of anti-dumping measures on European Union pork imports, a disastrous scenario for the bloc, could benefit Brazil's exporters but also affect the country's ability to compete elsewhere, analysts and industry sources said. Chinese companies have asked for an anti-dumping probe into pork imports from the European Union, state-backed Chinese media have reported. The potential for additional demand from China as a consequence of any anti-dumping measures is welcome for Brazilian exporters.

  • Elon Musk won $56 billion payday because of vote, Tesla argues in court

    Tesla is claiming Elon Musk won his legal battle over his $56 billion pay package because shareholders voted for the compensation, despite a judge rescinding it earlier this year, according to a court filing made public on Thursday. The company's filing comes two weeks after Tesla shareholders voted to ratify the 2018 package of stock options. Tesla held the vote following a January ruling by a Delaware judge to void the compensation because Musk improperly controlled the negotiation process and the company misled shareholders about key details.

  • Prudential Singapore to get new CEO in September

    Chan San San is appointed CEO of Prudential SIngapore, reporting to Dennis Tan, MD of Strategic Business Group, a regional role

  • Toyota to launch first EV with advanced self driving system for China in 2025

    Toyota is planning to launch the first electric car model equipped with an advanced autonomous driving system similar to Tesla's Full Self-Driving for the Chinese market next year, one of its Chinese joint ventures said. The JV with state-owned Guangzhou Automobile Group (GAC) aims to restore the Japanese automaker's market share in China by catching up with Chinese rivals on technologies in hybrids, batteries and intelligent vehicles. GAC Toyota said it would launch Bozhi 3X SUV next year as the first model to be equipped with the system that would enable advanced driving assistance for parking and navigation on highways and urban traffics.

  • Oil up ahead of US inflation data, set for third weekly gain

    BENGALURU (Reuters) -Oil prices rose on Friday and were on course for a third straight weekly jump buoyed by growing expectations that the U.S. Federal Reserve will soon start cutting interest rates and U.S. inflation data due later in the day. Brent crude futures for August settlement , which expire on Friday, were up 54 cents, or 0.63% to $86.93 a barrel by 0845 GMT. U.S. personal consumption inflation data, the Fed's preferred measure of inflation, is due to be released at 1230 GMT.

  • Apple's iPhone shipments in China surge 40% in May amid aggressive discounting

    BEIJING (Reuters) -Apple's smartphone shipments in China rose nearly 40% in May from a year earlier, extending a rebound seen in April, data from a research firm affiliated with the Chinese government showed on Friday. Shipments of foreign-branded phones in China increased by 1.425 million in May to 5.028 million units from 3.603 million a year earlier，calculations based on the data from the China Academy of Information and Communications Technology (CAICT) showed. Although the data did not explicitly mention Apple, the company is the dominant foreign phone maker in China's smartphone-dominated market.

  • Biden awards up to $75 million in CHIPS Act grant to Entegris

    "We’re not just bringing leading-edge chip technology and (factories) to the United States, we’re also bolstering the suppliers that make leading-edge manufacturing possible,” U.S. Secretary of Commerce Gina Raimondo said in a statement. Congress in 2022 approved the Chips and Science Act to boost domestic semiconductor output with $52.7 billion in research and manufacturing subsidies. According to the Commerce Department, the project's first phase would support the production of liquid filter membranes and Front Opening Unified Pods (FOUPS), specialized containers invented by Entegris to secure semiconductor wafers when transported during the manufacturing process.

  • 8 Jobs for Retirees That Pay Weekly

    Working in retirement is often a completely different experience than "having to work" during a traditional work career. For many seniors, working in retirement is enjoyable and has huge mental and...

  • Factbox-Companies forging a rare earths industry in the EU

    In the rare earths sector, the EU will struggle to meet most of its ambitious goals in new legislation designed to boost domestic output of critical minerals and reduce dependence on China. Below are some key companies working on rare earths, with production figures in metric tons per year. Neodymium and praseodymium (referred to in the industry by their joint elemental abbreviation, NdPr) are key rare earths needed to make permanent magnets.

  • Chinese-owned chipmaker Nexperia invests $200 million in European expansion

    AMSTERDAM/HAMBURG (Reuters) -Nexperia, one of the world's largest makers of basic semiconductors such as diodes and transistors, said on Thursday it would invest $200 million to expand capacity at its main production site in Hamburg, Germany. The investment by Dutch-headquartered Nexperia, owned by Chinese electronics maker WingTech, is a rare example of a computer chip investment made in Europe without assistance from state subsidies under the EU's Chips Act launched in 2023. It also comes as the European Union is considering whether China is unfairly subsidising domestic Chinese production of simple "legacy" chips, found in cars, electric systems, smartphones and industrial applications.

  • The Supreme Court strips the SEC of a critical enforcement tool in fraud cases

    The Supreme Court on Thursday stripped the Securities and Exchange Commission of a major tool in fighting securities fraud in a decision that also could have far-reaching effects on other regulatory agencies. The justices ruled in a 6-3 vote that people accused of fraud by the SEC, which regulates securities markets, have the right to a jury trial in federal court. The in-house proceedings the SEC has used in some civil fraud complaints, including against Houston hedge fund manager George Jarkesy, violate the Constitution, the court said.

  • Chipotle sales have been on fire. Here are 3 ways the burrito chain can keep them sizzling.

    Chipotle is winning over investors, and one analyst thinks there are more levers the fast-casual restaurant could pull to keep the flame burning long-term.

  • Oil prices settle higher, but gains capped by surprise inventory build, dollar

    Investing.com-- Oil prices settled slightly higher Wednesday, though gains were capped by unexpected build in U.S. inventories and a stronger dollar.

  • The North Sea could be finished under Labour

    David Latin is losing his patience. The chairman of Serica Energy has worked in the oil and gas industry for more than 30 years. He once ran a company that drilled in a war zone.

  • Toyota's May global output slides with marked decline in China

    Toyota's global production slid for a fourth straight month in May from a year earlier on lower output in many overseas markets, with the decline in China, where local brands have become much more competitive, particularly sharp. In China, production fell 22%. The Japanese automaker also had lower production in markets such as Thailand, Mexico, Brazil and France although the U.S. and Japan saw output grow.

  • Ask an Advisor: We Have $1.25M in Retirement Savings and Need to Withdraw $50k Per Year. How Should We Invest it?

    We have $250,000 in the bank and one million to invest for retirement with no debt. We need to earn $50,000 a year from the million. Where should I invest it? -Rob First, congratulations on saving $1 million for your retirement – I'm sure a lot of hard work has gone into this! You have […] The post Ask an Advisor: We Have $1.25M in Retirement Savings and Need to Withdraw $50k Per Year. How Should We Invest it? appeared first on SmartReads by SmartAsset.

  • I’m a Financial Expert: Here are 7 Things Boomer Entrepreneurs Need to Know About Starting a Business

    There are various reasons why someone may want to start a business in their golden years. Perhaps they're retired and miss the workforce. Maybe they've always nurtured a passion for entrepreneurship...

  • Oil prices settle higher on supply disruption jitters amid geopolitical tensions

    Investing.com -- Oil prices settled higher Thursday as rising Middle East tensions stoked worries about global supplies disruptions, overshadowing data from a day earlier showing a surprise build in U.S. inventories.