Markets

The COVID pandemic has added US$24 trillion to the global debt mountain over the last year a new study has shown, leaving it at a record US$281 trillion and the worldwide debt-to-GDP ratio at over 355per cent.

REUTERS: Blockchain.com, a provider of cryptocurrency services, has raised about US$120 million in its latest funding round, which included investments from Alphabet Inc's venture capital unit, GV, the company said on Wednesday. The company did not disclose the valuation at which the funds ...

News Corp said on Wednesday it had signed a three-year partnership with Alphabet Inc's Google to sell its news products for Google's curated news platform, Google News Showcase.

SINGAPORE: Experts and consumers are uncertain if the Government's move to extend the Goods and Services Tax (GST) to low-value items imported via air or post will make a push towards buying local. Deputy Prime Minister and Finance Minister Heng Swee Keat said in his Budget speech on Tuesday (Feb ......

DUBAI: The United Arab Emirates civil aviation authority has authorised Boeing 737 MAX planes to resume flying, state news agency WAM said on Wednesday (Feb 17). The plane was grounded globally in March 2019 after two fatal crashes in five months killed 346 people. Emirati carrier flydubai is a...

HSBC will soon announce a new Singapore chief executive (CEO) to succeed Tony Cripps, who will be leaving for the Saudi British Bank (SABB), says an internal memo signed by the bank's deputy chairman and chief executive Peter Wong and seen by The Business Times.

Vestas said on Wednesday it would reduce its production capacity in United States, which entails cutting 450 positions in three factories across Colorado, as the company cited lower near-term demand.

U.S. retail sales rebounded sharply in January after households received additional pandemic relief money from the government, suggesting a pick-up in economic activity after being restrained by a fresh wave of COVID-19 infections late last year.

SINGAPORE: Personal information of about 129,000 Singtel customers was stolen after a recent data breach of a third-party file sharing system, the local telco said on Wednesday (Feb 17). Singtel has completed initial investigations into the breach and established which files on the Accellion file ...

SINGAPORE: “I was shocked,” said courier Simon Har of his reaction on Tuesday (Feb 16) when he heard that petrol duties would be increased in Singapore with immediate effect. On Tuesday, Deputy Prime Minister Heng Swee Keat announced during his Budget speech that petrol duty rates would be raised...