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Geely’s EV unit Polestar seeks to raise around US$900 million – sources

Polestar, the electric vehicle unit of Chinese automaker Geely , is in advanced talks with investors to raise US$800 million to US$900 million in its first external fundraising, people familiar with the matter said.

Markets

Coronavirus, consolidation taking toll on energy jobs

Oil and gas companies worldwide are taking an axe to their employment rolls, shedding workers to survive what is expected to be a prolonged stretch of weak demand.

Markets

Singapore’s Accounting Standards Council to get new chairman and member

WITH effect from Nov 1, Quek See Tiat will be named chairman of Singapore's Accounting Standards Council (ASC), while Desmond Chin will join as a new member.

Markets

US moves forward with sale of 50 F-35 jets to UAE: Sources

The U.S. State Department notified Congress it approved the sale of 50 Lockheed Martin Co F-35 jets to the United Arab Emirates in a deal that could be worth US$10 billion, sources said on Thursday, potentially setting up a showdown with lawmakers over the deal.

Markets

Ex-eBay employees admit to cyber stalking campaign targeting couple

Two former eBay Inc employees pleaded guilty on Thursday to participating in a cyber stalking campaign against a Massachusetts couple whose online newsletter was viewed by top executives as critical of the e-commerce company.

Markets

Netflix raises monthly charges for US customers, shares jump

Streaming video service Netflix Inc on Thursday raised monthly charges in the United States for its standard and premium subscription plans, a move that sent the company's shares climbing nearly 5per cent.

Markets

Bank lending in Sept down for seventh straight session: MAS data

SINGAPORE's bank lending in September dipped for the seventh straight session on weaker business loans, preliminary data from the Monetary Authority of Singapore showed on Friday.

Markets

Robinsons to close last 2 stores in Singapore due to weak demand

SINGAPORE: Robinsons will close its last two Singapore outlets at The Heeren and Raffles City shopping centre after operations were hit by weak demand and the COVID-19 pandemic, the department store said on Friday (Oct 30). Robinsons has begun the liquidation process for the two stores and ...

Markets

Delta Air Lines, pilot union reach preliminary deal to avoid furloughs

Delta Air Lines Inc and the union that represents its pilots have reached a preliminary cost-cutting deal that will prevent furloughs until Jan. 1, 2022, the union said late on Thursday.

Markets

Facebook anticipates tougher 2021 even as pandemic boosts ad revenue

Facebook Inc on Thursday warned of a tougher 2021 despite beating analysts' estimates for quarterly revenue as businesses adjusting to the global coronavirus pandemic continued to rely on the company's digital ad tools.

Markets

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