Entrepreneurship

Luxury retailer Saks Global files bankruptcy after turnaround fails
US$1 billion debtor-in-possession financing, pending court approval, will fund Saks’ operations and turnaround[NEW YORK] Saks Global Enterprises filed for bankruptcy to address mounting losses and a substantial debt load...
Trump-led US delegation to be largest ever at WEF, as Davos grapples with shaken global order
These business and political elites head to Davos next week with its vision of a rules-based global economic order being tested to the limitsORGANISERS of the annual World Economic...
Olam advances 32.4% stake sale of port operator following key lender approvals
[SINGAPORE] Olam Group said it has “made progress” in securing approvals from different lenders to Arise P&L for the proposed divestment of its 32.4 per cent stake in the...
Australian, New Zealand dollars seesaw on greenback, keep climbing on yen
[SYDNEY] The Australian and New Zealand dollars steadied on Wednesday after their US peer enjoyed a broad bounce overnight, while both currencies extended gains on the yen as expectations...
Cordlife secures restricted licence renewal; seeks full trial for client claims
Its scope is limited to storing, transferring or retrieving existing units for clinical use[SINGAPORE] Cordlife Group has secured a one-year renewal of its cord-blood banking service licence from Wednesday...
Cordlife secures one-year renewal for its cord-blood banking service licence
Its scope is limited to storing, transferring or retrieving existing cord-blood units for clinical use[SINGAPORE] Cordlife Group has secured a one-year renewal of its cord-blood banking service licence from...
Netflix prepares all-cash offer for Warner Bros: source
[LOS ANGELES] Netflix is preparing to make an all-cash offer for Warner Bros Discovery’s studios and streaming businesses, a source familiar with the matter told Reuters on Tuesday (Jan...
Netflix weighs amending Warner Bros bid to make it all cash
Netflix shares have lost about a quarter of their value since the company’s pursuit of Warner Bros startedNETFLIX is working on revised terms for its Warner Bros Discovery acquisition and...
Oil prices rise by more than US$1 a barrel on potential Iran supply disruption
[NEW YORK] Oil prices surged by more than 2 per cent on Tuesday as the prospect of disruptions to Iranian crude exports overshadowed possible increased supply from Venezuela.Brent futures jumped...
Stop Accepting “Agency Horror Stories” As Normal
I hear the same story from founders and CMOs every week. A smooth pitch. Big promises. Then missed deadlines, vague reports, and vanishing accountability. That shouldn’t be the standard....
Power crunch, red tape forcing Asia’s data centres out of hyperscaler hubs
Operators are pivoting towards a ‘decentralised’ model – which places data centres in ‘Tier-2’ cities[SINGAPORE] Operators are starting to move data centres out of metropolitan hubs and opting for...
Global central bankers defend Fed’s Powell after Trump threat
Central bankers fear that political influence over the Fed would erode trust in the bank’s commitment to its inflation target[FRANKFURT] Central Bank chiefs from around the world lined up...