Markets

TOKYO: Japan's Nintendo on Thursday (May 6) forecast annual Switch console sales to fall 11.5 per cent, in what would be the first decline for the five-year-old device after riding a pandemic-induced boom in home gaming. The Kyoto-based firm expects to sell 25.5 million units in the business year...

BEIJING: Chinese electric vehicle (EV) maker Nio Inc said on Thursday that it had launched its first overseas store in Norway and plans to start selling cars in the country as it pushes to expand globally. Nio, which makes electric sport-utility vehicles in China's eastern city of Hefei, is...

DUBAI: After nearly three decades in London, Christophe Reech was fed up with the city's COVID-19 pandemic lockdowns. This spring, he sold his luxury townhouse and jetted off to the desert sheikhdom of Dubai to start a new life with his family. There was no turning back, he said....

SINGAPORE: The decision to divest Singapore Press Holdings' (SPH) of its media business will balance the "conflicting expectations" of the public who reads its news products, as well as its shareholders and business partners, said chairman Lee Boon Yang on Thursday (May 6). Dr Lee announced on ...

SINGAPORE: It was slightly more than a month ago when authorities announced that capacity limits at large-scale business events here will be raised to 750 people. This kicked in from Apr 24 and was cheered by some in the pandemic-battered meetings, incentives, conventions and exhibitions (MICE) ...

SINGAPORE: A new S$10 million programme will support large and established Singapore companies in venturing into new growth areas beyond their existing core businesses.  The Corporate Venture Launchpad is part of broader efforts by EDB New Ventures, the corporate venture building arm of the ...

Even as climate change intensifies the call for decarbonisation, the oil and gas sector will play a pivotal role in Singapore, say EY consultants.

SINGAPORE: Singapore Press Holdings (SPH) will transfer its media business into a not-for-profit entity amid the ongoing challenge of falling advertising revenue, the company announced on Thursday (May 6). The restructuring exercise involves transferring the entire media-related business of SPH to ...

Australia's competition regulator on Thursday (May 6) said that it would block a pricing, code-sharing and scheduling deal between Qantas and Japan Airlines because it would likely mean higher fares for passengers.

SINGAPORE: The Bloomberg New Economy Forum will be held in Singapore from Nov 16 to Nov 19, bringing together business and government leaders and academics from around the world to discuss issues affecting the global economy. The annual conference was held online last year amid the COVID-19 ...