Alibaba beats quarterly revenue estimates

Alibaba beats quarterly revenue estimates

[ad_1] The company reported revenue of 247.80 billion yuan (S$45.5 billion) in the second quarter, compared with the estimates of 242.65 billion yuan [BEIJING] Chinese e-commerce giant Alibaba beat analysts’ estimates for quarterly revenue on Tuesday (Nov 25), as investments in one-hour delivery helped drive more users to its shopping apps, while its cloud division…

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Volkswagen to export Chinese-made cars to more overseas markets

Volkswagen to export Chinese-made cars to more overseas markets

[ad_1] It has no plans to export them to Europe due to a difference in electronic architecture and software technology for smart vehicles [HEFEI, China] Volkswagen plans to export cars developed and made in China to more overseas markets, an executive said on Tuesday (Nov 25), as the German automaker looks to leverage its growing…

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Barclays sees surge in Africa, Asia cross-border deal flows

Barclays sees surge in Africa, Asia cross-border deal flows

[ad_1] The Middle East, India and Singapore are doing more transactions in the region, and this will likely increase in 2026 [JOHANNESBURG] Barclays has a strong pipeline of deals across its investment and private-banking businesses in Africa as cross-border deal flow picks up and the continent’s largest economy shows signs of recovery, the head of…

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iFly Sentosa parent sues Simba over equipment ‘trespass’

iFly Sentosa parent sues Simba over equipment ‘trespass’

[ad_1] [SINGAPORE] Skyventure VWT, which provides an indoor skydiving experience through AltitudeX on Sentosa island, has taken telco Simba to court over alleged equipment “trespass”. Skyventure alleges that Simba’s equipment, which consists of an antenna on the rooftop and a base station on the ground level, has resulted in the loss of revenue, which relates…

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Singapore stocks fall, bucking regional gains; STI down 0.2%

Singapore stocks fall, bucking regional gains; STI down 0.2%

[ad_1] Across the broader market, gainers outnumber losers 310 to 247 after 1.3 billion securities worth S$1.4 billion change hands [SINGAPORE] Singapore stocks bucked regional gains to end lower on Tuesday (Nov 25). The benchmark Straits Times Index (STI) lost 0.2 per cent or 11 points to finish at 4,485.63. The iEdge Singapore Next 50…

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Shell and Ferrari sign long-term green power supply deal

Shell and Ferrari sign long-term green power supply deal

[ad_1] Power purchase agreements are rising in Italy as manufacturers lock in energy costs and secure green power [MILAN] Shell has signed a long-term deal to supply Ferrari with renewable energy until the end of 2034 to help the luxury carmaker to reduce carbon emissions, the oil and gas group said on Tuesday (Nov 25).…

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