Business News

Black Friday online sales hit a record high; Cyber Monday likely to be the biggest ever

Black Friday online sales figures touched record $5.4 million and is on track to surpass $7 million, making it the second-best online sales day in history.

Nov 30, 2019

By R. Ghosh

Beer suds to soap suds: waste alcohol finds use in green detergent

The residual alcohol, which serves as the active cleaning and preservative component, is extracted, cleaned and used in green detergent

Nov 30, 2019

By Reuters

Global stocks dip on trade worries as record high stays elusive

With few major news catalysts in the China-U.S. trade talks, major currencies stayed in tight trading ranges

Nov 30, 2019

By Reuters

Thanksgiving online sales hit a record high of $4.2 billion; smartphones lead the rally

Thanksgiving online sales increased 14.5% from last year, led by smartphones that saw an increase of 24.4% surge in sales compared with last year.

Nov 30, 2019

By R. Ghosh

Intel blames Qualcomm's unfair patent licensing practices for its exit from modem chip market

Intel in a brief flied at the 9th U.S. Circuit Court of Appeals has said that it had to sell its modem chip business to Apple that made it suffer losses in billions.

Nov 30, 2019

By R. Ghosh

Daimler to cut thousands of jobs worldwide by end of 2022

It marks the third announcement on cost cuts this week by a major German car company as carmakers grapple with huge investments into cleaner and self-driving technologies

Nov 29, 2019

By Reuters

US shoppers stay away from stores, spend online as Black Friday begins

The shoppers spent a lot of money on Thursday but the crowd was pretty much thin on the eve of Black Friday at the retailers

Nov 29, 2019

By Reuters

Singapore to launch blockchain technology for interbank payments

Thunes acquires MAS payments license in Singapore

MAS approval extends Thunes' licensing reach to facilitate further global expansion across Asia region

Nov 28, 2019

By Jeevan Biswas

IKEA to pump in €200 million as it pushes to become carbon neutral by 2030

The first 100 million euros will be invested in renewable energy projects, while the remaining will go towards reforestation and forest protection.

Nov 28, 2019

By R. Ghosh

BMW takes a different route; comes to agreement with labour union on alternate modes of cost savings

The German carmaker said that unlike many it won't be taking drastic steps in its bid to cut operating costs.

Nov 28, 2019

By R. Ghosh

Boeing in turbulent weather as FAA decides to review all new 737 Max aircrafts individually before delivery

The FAA's decision is only likely to delay the delivery of hundreds of 737 Max aircrafts that lie in storage and are awaiting a airworthiness certificate.

Nov 28, 2019

By R. Ghosh

Carro teams up with NTUC Income to roll out Singapore's first pay-as-you-drive insurance

Carro's proprietary technology assesses distance driven to calculate savings for customers who drive less

Nov 27, 2019

By IBTimes SG Desk

Singapore-based Perx Technologies inks partnership with StarHub

Perx Technologies enables companies such as StarHub to create adaptable and flexible customer campaigns driven by customer data

Nov 27, 2019

By IBTimes SG Desk

JD.com under fire: Regulators fine Chinabank Payments over forex transactions

A penalty of 29.43 million yuan has been slapped on Chinabank Payments for being negligent that allowed users from the Chinese mainland to make illegal foreign currency transfers.

Nov 27, 2019

By R. Ghosh

Global car sales heading for steepest decline in 2019; demand for passenger vehicles continue to shrink

Global passenger car sales are expected to decline by 3.1 million units in 2019 on a year-over-year basis, steeper than the one witnessed in 2008 during global recession.

Nov 27, 2019

By R. Ghosh

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