Author Archives
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Singapore, Indonesia sign extradition treaty, defense agreements
In a significant development, Singapore and Indonesia have signed a bilateral extradition agreement aimed at bringing to justice those who have been accused of stashing offshore billions of dollars in state money. The two countries also signed bilateral agreements covering… Read More ›
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Temasek Holdings seeks to acquire controlling stake in Element Materials Technology for around $7 billion
Singapore’s Temasek Holdings has agreed to acquire Element Materials Technology for around $7 billion, in an attempt to boost growth in the testing and inspection services market, said two sources familiar with the matter at hand. State investor Temasek, which acquired… Read More ›
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Panasonic will begin production of new lithium ion batteries for Tesla in 2023
In a report Japan’s Nikkei said, Panasonic will begin producing its new lithium-ion battery for Tesla from 2023 and plans to invest around $705 million (80 billion yen) in production facilities in Japan. Panasonic’s new lithium-ion batteries is likely to make electric… Read More ›
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Cash strapped Shimao Group sells sake in Guangzhou Asian Games City to reduce debt
China’s Shimao Group, a property developer has joined smaller peer Agile Group to sell its stake in the Guangzhou complex to China Overseas Land & Investment, a state-owned partner in a move aimed at slashing its debt. Late on Monday, Shimao,… Read More ›
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Zip Co Ltd in early talks to acquire rival Sezzle Inc for undisclosed amount
On Tuesday, in a statement Sezzle Inc said, it is in talks larger Australian rival Zip Co Ltd which aims to acquire it for an undisclosed amount. With the news reaching the market, shares of the buy-now-pay-later company soared by… Read More ›
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US responds in kind to flight cancellations by China
In a statement the U.S. government said it would suspend 44 China-bound flights from the United States by four Chinese carriers in response to the Chinese government’s decision to suspend some U.S. carrier flights over COVID-19 concerns. The suspension of… Read More ›
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Ukraine crisis pits Germany’s main gas supplier with biggest security allies
In an interview to German Sueddeutsche Zeitung German Chancellor Olaf Scholz said, Europe and Washington must think carefully and act prudently when considering sanctions against Russia for any aggression against Ukraine. The Ukraine-Russia crisis pits Berlin’s main gas supplier with… Read More ›
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Hong Kong’s draconian COVID-19 measures benefits Singapore’s financial services
In late 2021, Tania Sibree decided to quit her well-paying job as a financial services lawyer in Hong Kong and returned to Australia rather than live a moment longer in the Chinese city. Sibree is one among possibly thousands of… Read More ›
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Employees create union at Activision Blizzard studio
A group of employees at Activision Blizzard studio have formed a union and are seeking its voluntary recognition. The union, supported by the Communications Workers of America, represents 34 people in the quality assurance department at Raven Software. In a… Read More ›
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Lufthansa eyeing purchase of 40% stake in Italy’s ITA Airways
According to a report from Italian daily Il Foglio, Lufthansa has agreed to purchase a 40% stake in ITA Airways in a deal that could be officially announced next week. ITA Airways re-commenced operations on October 15 with nearly 2,300 employees… Read More ›
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