Business

Further information from the government is cited as the ONS downgrades UK output during the first three months of the year.…

The Monetary Authority of Singapore noted that it requires financial institutions to report all suspicious transactions. SINGAPORE (REUTERS, THE STRAITS TIMES) - Singapore's central bank is working with the police to scrutinise…

Byron has become the latest restaurant chain to file a notice of intention to appoint administrators, Sky News learns.…

Wirecard said it was in talks with the FCA about Wirecard Card Solutions and was hopeful that it will implement measures that allow it to resume operations. FRANKFURT AM MAIN/BERLIN (AFP, REUTERS) - German payments provider…

No 10 says Nightingale hospitals set up in response to COVID-19 show it need not "take years to get projects off the ground".…

Virgin Australia collapsed in April under A$6.8 billion in debt. SYDNEY (BLOOMBERG) - Bain Capital agreed to buy collapsed Virgin Australia Holdings in one of the biggest single bets on the airline industry since it was shattered by…

The firm, which saw shares suspended following sharp falls, is the most significant corporate casualty of the COVID-19 crisis.…

Overall production dropped 7.4 per cent year on year in May. SINGAPORE - Singapore's manufacturing output shrank in May, reversing two straight months of expansion, as the pace of growth in the volatile biomedical cluster fell…

The UK’s biggest shopping centre owner looks increasingly likely to fall into administration on Friday, Sky News learns.…

GNC lost US$200.1 million in the first quarter, in part because of the forced closures. DELAWARE (REUTERS, BLOOMBERG) - GNC Holdings, the parent company of nutrition supplement chain GNC, has filed for bankruptcy, with plans to…

A previous forecast that the world faced its biggest slump since the Great Depression has been downgraded still further.…

Hin Leong allegedly obtained financing through at least 27 import letters of credit to purchase cargo that did not exist. SINGAPORE - More than 270 letters of credit facilities were allegedly used by Hin Leong to get billions of…

Tesco is five years into a recovery plan launched after an accounting scandal capped a dramatic downturn in trading. LONDON (REUTERS) - Britain’s biggest supermarket chain Tesco said on Sunday (Dec 8) it had started a review of its…

Launched in 1997, Virgin Trains was Britain's longest-running rail franchise, but its routes have now been taken over.…

Digital skills are enhancing existing jobs as well as creating new ones. Navigating the vast amount of information available to decide on what skills will be useful and how to acquire them can be daunting, but is necessary. As the…

US-based IAG Capital will acquire a majority stake in Zopa as part of the capital-raising by the fintech group, Sky News learns.…

The SRS was started in 2001 to help Singaporeans save more for retirement and to complement the compulsory CPF scheme. As the year winds down, it's a good time to see if you have any spare cash to put aside in the Supplementary…

Transport for London is "actively considering" denying Uber a new licence in the capital next week, Sky News learns.…

The team of Mr Bryan Tan (left), Mr Yee Jin Koi and Mr Kenny Chia won this year’s Investor-One Challenge, by presenting their investment case for pharmaceutical firm Hyphens Pharma. The team of Mr Bryan Tan, Mr Yee…

Unregulated investment schemes involving online trading platforms and digital tokens are becoming increasingly common here.The Monetary Authority of Singapore (MAS) has added more than 300 people and companies to its Investor Alert…