Singapore expands 1MDB criminal probe to include Goldman Sachs

Singapore has expanded a criminal probe into fund flows linked to scandal-plagued 1MDB to include Goldman Sachs Group Inc., which helped raise money for the entity, people with knowledge of the matter said. Police in the city-state had been examining Goldman’s relationship with the Malaysian state investment company since at least late 2017, but until […]

Dubai’s Careem launches new food delivery service

Dubai: Careem launched a delivery service covering everything from takeaway food to pharmaceuticals on Monday, diversifying from its core Middle East ride-hailing business and increasing competition with rival Uber Technologies. The company has expanded its car service business to more than 120 cities in 15 predominantly Middle East countries since launching in 2012. “We believe […]

Nissan bans all staff contact with Carlos

Beijing: Nissan Motor Co has asked its staff to refrain from any communications with jailed directors Carlos Ghosn and Greg Kelly and their lawyers as Japanese prosecutors investigate the officials at the centre of a scandal about under-reporting of pay. Employees were asked not to get in touch on their own and not to respond […]

How the world’s richest people lost $511 billion in 2018

The richest people on Earth lost $511 billion this year after record first-half gains were obliterated by a succession of bruising market selloffs. Global trade tensions and worries about a U.S. recession dragged markets lower at year-end, leaving the 500 people on the Bloomberg Billionaires Index with a combined net worth of $4.7 trillion as […]