Category: Business

Business

Singapore Stocks Hit Record Highs — But Analysts Warn the Easy Gains May Be Running Out

Singapore’s stock market has reached territory investors once only expected after years of gradual growth. But with the Straits Times Index (STI) trading at historically elevated valuations, the next leg of the rally may depend on something much harder to deliver: stronger corporate earnings. The STI reached an all-time intraday high of 5,774.21 on August 11, 2026, before ending August 2.3% higher. The rally followed an 8.8% jump in July, putting increasing attention on whether company profits

September 3, 2026

Business

Singapore’s 50 Richest Hold $303.5 Billion — But Tech Fortunes Are Taking a Hit

Singapore’s wealthiest tycoons are proving surprisingly resilient despite a tougher year for technology stocks. The combined fortune of Singapore’s 50 richest people and families remained virtually unchanged at S$303.5 billion (US$239 billion) in Forbes’ 2026 ranking, even as several major tech fortunes suffered sharp declines. The list was released this week, with wealth calculated using stock prices and exchange rates as of August 14, 2026. But beneath that headline figure is a major shift i

September 3, 2026

Business

Asia’s Wealthiest Families Are Bringing “Love” Into the Boardroom — And It Could Change How Family Offices Invest

SINGAPORE — For Asia’s wealthiest families, the future of money may no longer be measured only by returns, assets and business growth. A growing conversation among family-office leaders is putting something far less traditional at the center of wealth management: empathy, trust and purpose. That is the provocative idea behind At One Impact Week 2026 in Singapore, where business leaders, family-office principals and institutional investors are gathering to explore the concept of “love as infras

September 3, 2026

Business

John Lewis Bets Big on AI Shopping as UK Consumers Pull Back — But the Real Retail Revolution May Be Just Beginning

LONDON — Britain’s John Lewis is turning to artificial intelligence as it confronts a difficult consumer environment, betting that the next generation of shoppers may increasingly discover what to buy through AI agents rather than traditional search engines. The UK’s largest employee-owned retailer says AI-driven searches for its products have surged to 2.5% of product searches, up from just 0.3% a year earlier — a dramatic increase that management believes could signal a major change in how co

September 3, 2026

Business

VodafoneThree Makes a Bold UK Move With TV and 4x Faster Mobile — But the 15Mbps Guarantee Changes Everything

VodafoneThree is making its biggest push yet to become more than just a mobile network operator, unveiling a new TV service alongside a premium mobile plan that promises faster speeds and a minimum download-speed guarantee. The moves, announced in the UK on September 3, mark a major expansion of VodafoneThree’s consumer offering as the company looks to compete more directly with established players such as Sky, BT and Virgin Media. The company, formed from the merger of Vodafone UK and Three U

September 3, 2026

Business

Tesla’s Cybercab Launch Is Finally Here — But the Biggest Question Isn’t What the Car Looks Like

AUSTIN, Texas — Tesla is preparing to put its purpose-built Cybercab in the spotlight again on Thursday, but this time the stakes are considerably higher. The electric-vehicle maker has scheduled what it calls the “Cybercab Launch Event” in downtown Austin, with Tesla Cybercab engineer Eric Earley saying the event is set to begin at 5:45 p.m. ET on September 3. Tesla has released relatively few details about what will be announced. What is already clear, however, is that this is no longer simp

September 3, 2026

Business

France Reverses Course on Tesla’s Self-Driving Tech — Two Cars Hit the Roads, but the Real Test Is Still Ahead

France is taking a major new step toward Tesla’s Full Self-Driving technology after previously resisting its deployment, with two Tesla vehicles now being made available for road testing as European regulators weigh the system’s wider approval. French Transport Minister Philippe Tabarot announced the development on September 2 following a video meeting with Tesla CEO Elon Musk. According to the minister, French authorities have been working with Tesla for several months on technical changes tha

September 3, 2026

Business

Japan’s Yen Is Suddenly Surging — So Why Is Tokyo’s FX Chief Still Not Reassured

TOKYO — Japan’s yen has staged one of its sharpest rallies in weeks, speculation over another Bank of Japan interest-rate hike is exploding, and fears of fresh currency intervention are back on traders’ screens. But Japan’s top currency official is not celebrating. Atsushi Mimura, Japan’s vice finance minister for international affairs and the country’s chief foreign-exchange diplomat, said Thursday, September 3, that authorities remain on “heightened alert” over moves in the currency market.

September 3, 2026

Business

Apple Hit With $2.7 Billion UK Lawsuit Over iPhone Tracking Rules — Is Its Privacy Shield Becoming a Competition Problem?

Apple is facing a £2 billion (about $2.7 billion) legal claim in the United Kingdom over its App Tracking Transparency system, with the lawsuit accusing the iPhone maker of using its control over iOS to disadvantage rival app developers. The collective action has been filed at the UK's Competition Appeal Tribunal and is being led by Ann Pope, a former senior competition official at the UK's Competition and Markets Authority. The claim seeks compensation for developers who allegedly suffered fin

September 3, 2026

Business

Snowsflake Shares Surge 24% As AI Demand Powers Growth

Snowflake is suddenly looking like one of the biggest beneficiaries of the enterprise artificial intelligence boom. Shares of the cloud data platform provider surged more than 20% in extended trading Wednesday and jumped about 24% before the market opened Thursday after Snowflake delivered stronger-than-expected quarterly results and raised its full-year revenue outlook. The reaction came as investors saw evidence that growing demand for artificial intelligence is not only creating new busines

September 3, 2026