SINGAPORE – Singapore’s central bank has fined nine prominent financial institutions, including global giants Citibank and UBS, over lapses linked…
Author: Laura Stephen
Tesla Reports 13.5% Drop in Q2 Sales Amid EV Competition and Political Controversy
NEW YORK – Tesla has reported a 13.5% year-on-year drop in global vehicle deliveries for the second quarter of 2025,…
Crunch Time Looms for UK’s Rachel Reeves as Markets Remain Cautious and Stability Proves Elusive
LONDON – Newly appointed Chancellor of the Exchequer Rachel Reeves is approaching a critical juncture in her efforts to stabilise…
Indonesia Launches £4.6 Billion EV Battery Megaproject Despite Environmental Concerns
JAKARTA – Indonesia has officially broken ground on a £4.6 billion (US$5.9 billion) electric vehicle (EV) battery production megaproject backed…
KNM Group Collapse and Tunku Yaacob Khyra: Debt, Scandal, and Malaysia’s Shame on the Global Stage
Once hailed as a symbol of Malaysia’s global industrial ambition, KNM Group Berhad, a process engineering firm, is now facing…
Four Former Volkswagen Executives Convicted in Dieselgate Emissions Scandal
BERLIN, 26 May 2025 – A German court has found four former Volkswagen executives guilty of their roles in the…
EU Warns Shein of Possible Fines Over Consumer Protection Violations
BRUSSELS —The European Union has issued a stern warning to fast-fashion giant Shein, urging the Chinese e-commerce platform to comply…
UK Serious Fraud Office Probes Malaysian Tycoon’s Firm for Alleged Money Laundering?
London, 26 May 2025 — The United Kingdom’s Serious Fraud Office (SFO) is believed to have launched an investigation into…
EU to Fast-Track Trade Talks After Trump’s Tariff Threat
BRUSSELS, 26 May 2025 — European Commission President Ursula von der Leyen has pledged to accelerate trade negotiations with the…
Singapore Traders Caught Up in Indonesia’s £9.48 bilion Pertamina Corruption Probe
Singapore — A number of Singapore-based trading firms have been drawn into Indonesia’s widening investigation into a £9.48 bilion (US$12…