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Corporate News 12 Mar 2019 | 11:28 PM

Largest college admissions fraud scam in US history unearthed

BOSTON: Federal authorities arrested dozens on Tuesday for a US$25 million (£19.1 million) scheme to help wealthy Americans, including actresses Felicity Huffman and Lori Loughlin and some CEOs, cheat their children's way into elite universities, such as Yale and Stanford.

Economy 30 Jan 2019 | 12:00 AM

Sneakers auction company opens in London

LONDON: As the European retail industry tries to bat off the incursion from Inc, a new US rival has just touched down in London: StockX, a three-year-old company that runs online auction markets for products like sneakers.

Business 26 Jan 2019 | 12:00 AM

Lab-grown diamonds are forever too!

After years of refusing to deal with synthetic diamonds, De Beers shocked the industry last year with the launch of its own lab-grown diamond jewellery brand, LightBox.

Business 03 Jan 2019 | 12:00 AM

This bond giant still has US$15bil to play with

THIS year heralds a brave new world for euro credit spreads. The continent’s biggest buyer of corporate debt is calling a halt after amassing a €180bil (US$206bil) portfolio in just two- and-a-half years.

Business 29 Dec 2018 | 12:00 AM

One man’s money-draining bet on climate change

ELEVEN years ago Dharsono Hartono, a former JPMorgan Chase & Co banker, spotted what he thought was a new way to make a fortune: climate change.

Business 20 Oct 2018 | 12:00 AM

Emerging Asia still drives global growth

Despite geopolitical woes and market instability

Corporate News 18 Oct 2018 | 12:15 AM Premium

When your day job isn’t enough

Some corporate employees satisfy creative aspirations with side gigs; a computer nerd who raps

Business 29 Sep 2018 | 12:00 AM

Another recession is looming

TEN years after the Great Recession’s onset, another long, deep downturn may soon roil the US economy.

Business 25 Sep 2018 | 12:00 AM

Asean adopts cyber rules after major data breaches in region

SINGAPORE: South-East Asian nations agreed in-principle to adopt cybersecurity rules following major data breaches in countries including Singapore and Bangladesh.

Corporate News 15 Sep 2018 | 12:00 AM

Money is cheap when it’s not yours

WHEN the money is not yours to begin with, there are no qualms about spending it. It does not matter if a hefty tip of a few hundred thousand is forked out to a waiter at the casino where you have run up a huge tab, or an expensive Ferrari is given as a wedding gift.