Markets

The transition towards green energy imperils oil-producing states that have lagged in diversifying their economies, United Kingdom-based risk consultancy Verisk Maplecroft warned in a report on Thursday.

SINGAPORE: Low tide overnight has slowed efforts to dislodge a 400m long, 224,000-tonne container vessel that has choked traffic in both directions along the Suez Canal and created the world's largest shipping jam. The Ever Given vessel ran aground diagonally across the single-lane stretch of the ...

CIMB Singapore will be laying off staff and shutting its branch in Orchard Road as part of a restructuring exercise following a review of its business, according to an internal memo seen by The Business Times (BT).

BEIJING: Anger with Nike Inc erupted on Chinese social media late on Wednesday (Mar 24) after China's netizens spotted a statement from the sporting goods giant saying it was "concerned" about reports of forced labour in Xinjiang and that it does not use cotton from the region. Topics around...

LONDON: The owner and insurers of one of the world's largest container ships stuck in the Suez Canal face claims totalling millions of dollars even if the ship is refloated quickly, industry sources said on Wednesday (Mar 24). The 400m, 224,000-tonne Ever Given ran aground on Tuesday morning after...

SINGAPORE: Mr Lim Jit Poh will retire as chairman of SBS Transit, a position he held for 18 years, the company said on Thursday (Mar 25) in a news release. “I believe the time is right for me to hand over the reins to a new chairman who will lead...

Oil prices skidded around 2per cent as fuel demand concerns re-emerged alongside fresh coronavirus pandemic lockdowns, trimming overnight gains spurred by the grounding of a giant container ship blocking crude shipments through the Suez Canal.

A specialist London court will this week re-consider allowing an historic 14 billion pound (US$19 billion) class action against Mastercard to proceed, which could entitle adults in Britain to about 300 pounds each if successful.

CEO says Harry hire is a natural fit, not a publicity stunt

Some owners of Hyundai Motor's Kona electric vehicles say the South Korean automaker is bungling a major recall with delays and poor communication, and risks losing buyers as it targets the No.3 spot in the fast-growing sector.