Porsche sales slump most in 16 years on poor China demand

Porsche sales slump most in 16 years on poor China demand

Its sales are down 26% as the nation’s economic slowdown hit consumers across all income brackets [BERLIN] Porsche’s deliveries fell 10 per cent last year, following weak demand for electric vehicles (EVs) and a slump in China. This is the steepest drop since 2009, when the global financial crisis roiled the markets. The Volkswagen luxury…

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About 30 SGX listcos show early interest in Value Unlock programme to lift valuations

About 30 SGX listcos show early interest in Value Unlock programme to lift valuations

Market participants say weak disclosure and poor investor engagement often drive mispricing on the exchange – gaps the initiative aims to close [SINGAPORE] Around 30 Singapore Exchange (SGX)-listed companies have made early inquiries into the newly launched Value Unlock programme, underscoring growing interest in efforts to lift valuations by sharpening corporate strategy and investor communication.…

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Intel extends comeback as investors bet on foundry growth

Intel extends comeback as investors bet on foundry growth

The stock is up 31% to start 2026, the third-best performance in the S&P 500 Index [NEW YORK] Intel’s dramatic rally to start the year shows investors are increasingly optimistic about the chipmaker gaining new foundry customers, putting it back into the artificial intelligence trade it appeared to abandon in 2024. The stock is up…

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Hunter Biden’s baby mama calls for ex-first son to be arrested after failing to keep child support deal

Hunter Biden’s baby mama calls for ex-first son to be arrested after failing to keep child support deal

Hunter Biden’s former girlfriend and the mother of his 7-year-old daughter has called for the disgraced former first son to be “incarcerated” over his “antics” in failing to hold up his end of their child support deal. Lunden Roberts urged an Arkansas judge Tuesday to reopen the long-running case between the former lovers and arrest…

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Foreigners sell Asian equities in December on worries over valuations

Foreigners sell Asian equities in December on worries over valuations

They have sold local stocks worth US$1.2 billion in India, Taiwan, South Korea, Thailand, Indonesia, Vietnam and the Philippines [BENGALURU] Foreign investors net sold Asian equities in December, on lingering concerns about elevated valuations in technology stocks along with some year-end profit-taking, though the relatively modest outflows compared to November suggested some recovery in sentiment.…

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GameStop shutters stores across California

GameStop shutters stores across California

GameStop is shutting down more stores in California. The video game, toy and collectible retailer has been struggling to find a way to thrive in a market where most of what it sells is easier to get online. It has been shrinking its brick-and-mortar retail footprint for years to lower costs and has reportedly shut…

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Spanish singer Julio Iglesias denies allegations he sexually assaulted 2 former employees

Spanish singer Julio Iglesias denies allegations he sexually assaulted 2 former employees

Spanish singer Julio Iglesias has denied having abused two former domestic employees who have filed a criminal complaint against him, describing the accusations as false in a social media post late on Thursday. The prosecutor’s office of Spain’s High Court has said it has opened preliminary proceedings over the complaint, which a rights group said involved human…

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Asean agrees on guidelines for quicker subsea cable fixes

Asean agrees on guidelines for quicker subsea cable fixes

They will update the existing 2019 guidelines with international best practices, while also harmonising repair protocols [SINGAPORE] Asean nations have moved to standardise the maintenance of the region’s subsea cables, endorsing a Singapore-led framework that recommends capping the permitted processing time for subsea cable repairs at 10 days. The Enhanced Asean Guidelines for Strengthening Resilience…

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