Transport & Logistics
Porsche shutters three units as new CEO makes first job cuts
PORSCHE AG is closing three of its non-car-making units, with chief executive officer Michael Leiters cutting headcount for the first time to counteract slumping sales in China and the cost of reversi...
US hybrid-car sales soar, along with petrol prices
Hybrids are generally less expensive than EVs and there are more models to choose from
Air India weighs cost cuts, flight reductions as Iran war worsens financial struggles
The Indian carrier’s losses have dragged down earnings at SIA, which holds a 25.1% stake
Toyota sees 20% drop in annual profit as Iran war weighs
The world’s top-selling automaker expects an operating income of 3 trillion yen in the year to March 2027
Sumitomo Mitsui Trust Bank targeting US$500 million for new aircraft lease fund
The fund will purchase Boeing and Airbus aircraft and lease them to airlines globally
6-storey office building planned near Changi Airport Terminal 3
[SINGAPORE] The operator of Changi Airport is looking to develop a new office building near Terminal 3.
Scoot adds 11 Airbus A320neo family aircraft to its fleet
Move brings its orderbook for the series of airliners to 20 in total
SingPost partners Europe’s Asendia to enhance cross-border e-commerce delivery
Local customers will be able to sell and scale their online retail business in new markets with this tie-up
Two Indian conglomerates to plow US$1 billion in EV, battery tech
Beijing has become more selective about transferring advanced battery and EV technologies
Maersk first-quarter profit beats forecasts, keeps outlook unchanged
The shipping group still projects global container volume growth of between 2%-4% this year
