World Economic Magazine

-DBS CEO says tough for digital banks to muscle into Singapore

Singapore's digital banks will find it hard to carve out space in the city-state's saturated market, said Piyush Gupta, the…

5 years ago

Cowed by Chinese regulators, Didi plans to delist from New York months after debut

Ride-hailing giant Didi Global (DIDI.N) said it will delist from the New York stock exchange just five months after its debut and…

5 years ago

China’s Kaisa fails to get bondholders nod to extend maturity, risks default

Chinese property developer Kaisa Group Holdings Ltd (1638.HK) said on Friday it failed to secure the minimum 95% approval it needed from…

5 years ago

Softbank Group shares slide 3% after Didi, Arm, Grab triple setback

Shares in Japanese conglomerate SoftBank Group Corp (9984.T) dropped over 3% on Friday after the giant tech investor was hit with three…

5 years ago

Omicron marches on as Biden prepares U.S. for grim winter

Australia, despite restrictions on international visitors, became the latest country on Friday to report community transmission of Omicron, a day…

5 years ago

Special Report: U.S. rushed contracts to COVID-19 suppliers with troubled plants

As the Trump administration debated whether to declare COVID-19 a national emergency early last year, a little-known U.S. health office…

5 years ago

Saving the dinosaurs: Startups drive to electrify fossil-fuel cars

You can save your prized Aston Martin DB6, Porsche 911 or Mustang from the museum of combustion engine history. Or…

5 years ago

Bank of Ireland fined 24.5 mln euros over IT failures

Ireland's central bank has fined Bank of Ireland (BIRG.I) 24.5 million euros ($27.8 million) over technology failures that the lender took more…

5 years ago

China fines social media firm Douban for ‘unlawful’ release of information

The Cyberspace Administration of China (CAC) said on Thursday it had summoned and fined social media company Douban over unlawful…

5 years ago

Valuations of Southeast Asian startups becoming ‘irrational’ -Golden Gate

Valuations of startups in Southeast Asia, home to popular online platforms such as Grab and Sea (SE.N), have become irrational due…

5 years ago