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Older interns impress with growth mindset

When Robert De Niro's 70-year-old character takes up an internship at an e-commerce fashion start-up in the movie The Intern (2015), he starts off needing help with technology and not having much to do. But he finds ways to learn and help, and eventually becomes an invaluable member of the team. Please subscribe or log in to continue reading the full article. Get unlimited access to all stories at $0.99/month Latest headlines and exclusive stories In-depth analyses and award-winning multimedia content Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months* Subscribe now *Terms and conditions apply.

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How parents can plan for their kids

Children's happiness is often linked to the financial preparedness of their parents, and what is worrying is that a survey conducted by Income found that about 75 per cent of parents here are concerned about not having enough money to provide things that make their children happy. "This is an important finding, because we also found that 47 per cent of parents in Singapore were willing to compromise their own lifestyle in order to financially provide for things that make (their children) happy," said Income chief marketing officer Marcus Chew. Please subscribe or log in to continue reading the full article. Get unlimited access to all stories at $0.99/month Latest headlines and exclusive stories In-depth analyses and award-winning multimedia content Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months* Subscribe now *Terms and conditions apply.

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Kindergartens, temples and Government help migrant workers celebrate Deepavali despite Covid-19

SINGAPORE - The coronavirus pandemic may have put a dampener on Deepavali festivities for migrant workers here, but the spirit of the festival was not lost on Saturday (Nov 14), as various organisations came together to distribute goodies to the workers across 144 dormitories. They also helped pre-record religious prayers and greetings by the chief priests of various Hindu temples here, which were shared with migrant workers through social media. When the coronavirus pandemic hit Singapore's shores, the migrant workers in dormitories were the worst affected, with tens of thousands infected. Many were placed in quarantine or under lockdown in an effort to control the spread of the disease, and restrictions were imposed on what they could do on their rest days. Currently, they are still largely restricted to their workplaces and dormitories, or approved locations such as recreation centres. Migrant Workers' Centre (MWC) chairman Yeo Guat Kwang said on Saturday: "The last few months have been very challenging for our migrant brothers in the dormitories. They have cooperated with measures implemented by the authorities and have generally taken all the controls in the right spirit... (i...

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Asean Summit: Political security, economic ties key areas of cooperation for US and Asean, says PM Lee

SINGAPORE - Singapore hopes that the United States will further broaden and deepen its presence in this region, Prime Minister Lee Hsien Loong said on Saturday (Nov 14), highlighting political security and economic ties as two areas of cooperation. Speaking at the 8th Asean-US Summit, PM Lee said the US has been a vital partner for Asean since the end of World War II, and thanked it for its support to the region during the Covid-19 crisis. The virtual summit was attended by US National Security Adviser Robert O'Brien, who represented President Donald Trump. During the session, PM Lee said Singapore hopes that the US will further broaden and deepen its presence in this region, and welcomes the US' continued security presence in Asia. He said the Republic appreciates American support for the Asean Outlook on the Indo-Pacific, which is the bloc's plan to develop the Indo-Pacific region. He also noted that operations of the US' Seventh Fleet help strengthen regional security and safeguard the rights of regional countries under international law, such as the United Nations Convention on the Law of the Sea. "We also hope to continue to work with the US to uphold the rules-based internati...

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Morning Briefing: Top stories from The Straits Times on Nov 14

Good morning! Here are our top stories to kick-start your Saturday, Nov 14. Will Covid-19 create a 'lost generation' in Asia? What is the impact of the Covid-19 pandemic on the young people of Singapore and Asia? READ MORE HERE Trump appears to acknowledge for first time that Biden could succeed him He appears to acknowledge the possibility of a Biden administration, in first public remarks since election loss. READ MORE HERE Hospitals should have flexible designs to adapt to changing needs, says Gan Kim Yong Changing demographics and disease patterns will require a changing model of care, he said. READ MORE HERE More on this topic Related Story ST newsletters: Get alerts on the latest news Biden solidifies US election victory over Trump, with 306 electoral votes to 232 Biden wins Georgia, while Trump claims victory in North Carolina. READ MORE HERE More than 130 US Secret Service agents struck by Covid-19: Media Numerous agents had travelled to campaign rallies with Trump where many officials and most of the attendees went maskless. READ MORE HERE Family takes Covid-19 pandemic in its stride for Deepavali festivities While some customs have been disrupted this year, the spirit of ...

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Weekly Podcasts: Beware pandemic of fake news; tips on sustainable investing

ST& BT Podcasts of the week (Nov 14) BT Money Hacks Ep 83: Demystifying ESG and sustainable investing (featuring Victor Wong, senior director and head of ESG Investments at UOBAM) The Big Story Ep 54: SIA's recovery progress as it posts record loss (featuring ST's associate editor Ven Sreenivasan) Life Weekend Picks Ep 102: The Crown's new Netflix season enters tumultuous era (featuring ST journalist Jan Lee & ST senior culture correspondent Ong Sor Fern) The Big Story Ep 56: Can new tech pass for foreign 'big fish' raise bar for local talent? (featuring OCBC Bank's chief economist Selena Ling) Editor Says Ep 3: Arming ourselves against pandemic of fake news (featuring Warren Fernandez, editor-in-chief of The Straits Times) #PopVultures Ep 35: US election memes, Worst Chris (Pratt?) and Red Velvet's Irene (featuring ST journalists Yeo Sam Jo & Jan Lee) Discover ST & BT podcasts: https://str.sg/JWVR Follow BT Money Hacks Podcast on: http://bt.sg/btmoneyhacks Health Check Podcast on: https://str.sg/JWaN Asian Insider Podcast on: https://str.sg/JWa7 Green Pulse Podcast on: https://str.sg/JWaf Life Picks Podcast on: https://str.sg/JWa2 #PopVultures Podcast on: https://str.sg/JWad Bookm...

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Wall Street ends volatile week with gains, S&P at record

NEW YORK (AFP) - After an unpredictable week, Wall Street finished Friday (Nov 13) on a high note, shrugging off concerns over the surge in Covid-19 cases and new pandemic restrictions that threaten to slow the US economy. The benchmark Dow Jones Industrial Average rose 1.4 per cent to close at 29,479.81. The broad-based S&P 500 also added 1.4 per cent to 3,585.15, a new record, while the tech-rich Nasdaq Composite Index climbed 1 per cent to 11,829.29. "Festering concerns regarding the implications of the persistent surge in new Covid-19 cases also had a hand in the bumpiness this week," Charles Schwab investment bank said, adding that "The earnings front continued to paint a positive picture." Dow-member Walt Disney gained 1.7 per cent after reporting its recently launched streaming television service Disney+ had hit 73 million subscribers, despite the company losing US$710 million (S$950 million) in the latest quarter. And fellow Dow member Cisco Systems jumped 7 per cent after topping earnings forecasts. Stocks that would benefit from a resumption of normal trade and travel patterns once a coronavirus vaccine becomes widespread also resumed their upward climb. Cruise line Carni...

S’pore, German defence ministers attend virtual dialogue

Multilateralism and international cooperation has served the world well since World War II, but global organisations and systems need to be updated for today's world, said Defence Minister Ng Eng Hen. The Covid-19 pandemic is but the latest event to have "shakened and weakened the very pillars" of the current global system, said Dr Ng. But countries should rethink and rework the system without throwing the baby out with the bath water, he added at a virtual dialogue yesterday. "Globalisation 1.0 was not perfect, but it did serve our needs," said Dr Ng, in an hour-long virtual dialogue organised by German think-tank Konrad Adenauer Stiftung and the S. Rajaratnam School of International Studies (RSIS). "A regression to parochial nativist and discriminatory policies by any country...will result again in bloc and misaligned interests which led to the previous two world wars." Of the many challenges facing this generation, Dr Ng said the threat to multilateralism and cooperation is the quintessential one as it affects the fundamental stability of the current world order. This order, rooted in multilateralism, had allowed for progress, development and peace for many, including Germany, J...

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Semiconductor firms face hiring challenges even amid sector boom

The semiconductor sector is booming and continues to offer good job opportunities despite the economic downturn caused by the Covid-19 pandemic. But the problem is that not enough people are signing up to join the industry, the Singapore Semiconductor Industry Association told The Straits Times. Please subscribe or log in to continue reading the full article. Get unlimited access to all stories at $0.99/month Latest headlines and exclusive stories In-depth analyses and award-winning multimedia content Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months* Subscribe now *Terms and conditions apply.

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Saving Christmas from Covid-19 critical for Britain’s economy

LONDON • Britain knows Christmas is coming when John Lewis Partnership launches its television ad. Selling the season as a time for acts of charity rather than any particular product, this year's edition will focus on food poverty and struggling parents. Yet as the coronavirus continues to wreak havoc, it is the department store chain itself that is now a window on the festive period in a country that relies more on consumer spending than any of the big European economies. With a partial lockdown in England closing all non-essential stores until at least Dec 2, rescuing the next six weeks from Covid-19 is critical for Britain's financial well-being and a government beset by accusations that it cannot get a grip on the pandemic. Further disruption to what retailers call the "golden quarter" could be disastrous for an industry that has already been battered. November and December account for one of every £5 of retail spending. The slump during Britain's spring lockdown precipitated the record decline in gross domestic product. It then contributed to most of the recovery in the third quarter reported by the Office for National Statistics on Thursday. The latest lockdown could cost ret...

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Helping firms deploy robots more easily and at lower cost

The disruptions on labour force and global supply chains amid the Covid-19 crisis have made companies and industries see the unique value of robots in mitigating the impact. Local start-up Cognicept Systems wants to seize this opportunity to make it easier and cheaper for firms to deploy robots in areas such as logistics and cleaning, through its technology and remote robot pilots. Please subscribe or log in to continue reading the full article. Get unlimited access to all stories at $0.99/month Latest headlines and exclusive stories In-depth analyses and award-winning multimedia content Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months* Subscribe now *Terms and conditions apply.

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Help from local start-up Cognicept Systems to deploy robots more easily and at lower cost

SINGAPORE - The disruptions on labour force and global supply chains amid the Covid-19 crisis have made companies and industries see the unique value of robots in mitigating the impact. Local start-up Cognicept Systems wants to seize this opportunity to make it easier and cheaper for firms to deploy robots in areas such as logistics and cleaning, through its technology and remote robot pilots. Please subscribe or log in to continue reading the full article. Get unlimited access to all stories at $0.99/month Latest headlines and exclusive stories In-depth analyses and award-winning multimedia content Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months* Subscribe now *Terms and conditions apply.

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DENSO Takes a Stake in Envoy, an EV Startup Serving the Commercial Real Estate Industry’s Mobility Needs

KARIYA, JAPAN, Nov 13, 2020 - (JCN Newswire) - DENSO, a leading mobility supplier, today announced it has taken a stake in Envoy Technologies, an electric vehicle (EV) startup based in Culver City, California, that offers mobility services to the commercial real estate (CRE) industry. Through the investment, DENSO aims to create new revenue streams by offering the benefits of Mobility-as-a-Service (MaaS) to businesses, helping them move employees, customers and things more efficiently and safely. Founded in 2017 by real estate and tech entrepreneurs Aric Ohana and Ori Sagie, Envoy partners with CRE industry leaders to offer onsite mobility services like electric carsharing and EV charging for apartments, offices, and hotels. Envoy's Mobility as an Amenity service is a turn-key solution that includes technology to reserve and access vehicles, driver insurance, maintenance, and electric vehicle chargers. Even in the face of a global pandemic, the company has experienced record utilization amounting to more than 1.25 million electric miles driven. Envoy is currently available in 10 states and 14 markets in the U.S."Early on, we realized that the world's transition to electric mobility...

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DENSO Invests in Lambda:4 to Enhance Passive Digital Key, Increasing its Positional Accuracy and Security

KARIYA, JAPAN, Nov 13, 2020 - (JCN Newswire) - DENSO has invested in Lambda:4, a German company that develops wireless positioning technologies for short-range applications using Bluetooth Low Energy. The investment will strengthen DENSO's passive digital key, increasing its location accuracy and user authentication capabilities. This improves safety and security for those using the key on smart devices to enter a vehicle. Passive digital keys allow approved users to connect their smart devices, such as smart phones, to vehicles without the user ever having to touch a button or open an app. Through the passive digital key, a car can identify when an approved user is approaching; when the approved user is at the car door, unlocking it; and when the approved user is inside, enabling ignition. For this sequence to progress seamlessly, it is critical for the vehicle to be able to quickly identify and authenticate an approved user and pinpoint their location in and around the car.Lambda:4's expertise, perfected in producing localization systems for avalanche search and rescue missions, will rapidly increase DENSO's innovation in localization systems."As much of society goes digital, we ...

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NEC Signs Strategic Collaboration Agreement with AWS — a first-of-its-kind in Japan

TOKYO, Nov 13, 2020 - (JCN Newswire) - NEC Corporation (TSE: 6701) has become the first Japanese company to sign a Strategic Collaboration Agreement with Amazon Web Services, Inc. (AWS). With the support of the AWS Professional Services team (new windowProServe), NEC will develop a framework of ready-to-deliver cloud services, including migration, integration, consulting and more, to support the acceleration of digital transformation among government and enterprises. To strengthen its delivery capabilities in Japan, NEC will double the number of certified AWS professionals within their workforce, from 1,500 today to 3,000 in three years. Cloud has become the new normal in Japan for a wide range of organizations and enterprises, including the adoption of AWS cloud services for common government platforms. The collaboration between NEC and AWS will see both companies invest in people and go-to-market initiatives, as well as develop processes and technologies to strengthen the following portfolio:Tailor-made managed services for industry-specific solutionsNEC will provide managed services optimized for multiple industry sectors to support AWS customers that require industry-specific r...

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Securing the Future of Energy in The Philippines

Philippines, Nov 13, 2020 - (ACN Newswire) - On 16-19 November 2020 (09:00, GMT+8), The Future Energy Show Philippines (16-17 November) and The Future Energy Show Vietnam (18-19 November) launches live online, bringing together thousands of virtual participants to chart the future of energy in two of Southeast Asia's most exciting markets.With the Philippines' growing population and continued industrialization, the Department of Energy (DoE) has forecast the country's demand for electricity in 2040 to reach over 40,000 megawatts (MW), which far exceeds the existing dependable capacity of 22,736 MW. The Philippine Energy plan targets to increase installed renewable capacity to 20,000 MW by 2040, to help achieve the goal of reliable energy for all in the Philippines. This landscape, together with the government's initiatives, present the rise of new opportunities in the Philippines' energy sector. To showcase possibilities in the industry, the Future Energy Show Philippines, co-located live online with the Future Energy Show Vietnam, will gather the energy sector ecosystem in the region to discuss industry strategies, trends, and key innovations to help local energy stakeholders in t...

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Fujitsu Receives Order for “AI Bridging Green Cloud Infrastructure” Supercomputer System from Japan’s National Institute of Advanced Industrial Science and Technology

TOKYO, Nov 13, 2020 - (JCN Newswire) - Fujitsu has received an order from Japan's National Institute of Advanced Industrial Science and Technology (AIST) for the "AI Bridging Green Cloud Infrastructure" supercomputer system, which aims to accelerate AI research and development in industry, government, and academia. Next-generation model of Fujitsu Server PRIMERGY GX2570The new system will consist of 120 next-generation 2-way rack (4U) Fujitsu PRIMERGY GX2570 servers and a 11.2 petabyte, high-capacity storage system, each accelerated by eight GPUs(1) per node and suitable for large-scale analysis using AI such as deep learning. The theoretical peak performance of half-precision floating point operations(2), which represents an important benchmark in the AI field, is expected to be 300 petaflops(3), while that of double-precision floating-point operations(4), which are mainly used in the conventional simulation field, is expected to be 19.3 petaflops. The "AI Bridging Green Cloud Infrastructure" system will be added to the AI Data Center Building at the National Institute of Advanced Industrial Science and Technology Kashiwa Center in Japan with the beginning of operations scheduled ...

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Moonstake Joint Webinar: “Things you should know about staking on Ethereum 2.0”

SINGAPORE, Nov 13, 2020 - (ACN Newswire) - We are pleased to announce that Moonstake is organising a joint webinar with BeaconScan, Ethereum 2.0 block explorer by Etherscan on 17th of November at 20:00 Singapore/Malaysia Time.BeaconScan is an Ethereum 2.0 block explorer by Etherscan. It tracks validations made on the Beacon Chain and provides features familiar to Etherscan users such as the Watchlist, a Personalized Dashboard and Multi-device Login Access. On top of being a block explorer, BeaconScan.com is also Ethereum 2.0's first independent monitoring service.Ethereum 2.0 is an upgrade to the Ethereum blockchain. This upgrade aims to speed up the Ethereum network and solve traditional scalability issues. In addition, Ethereum 2.0 will eventually move to Proof of Stake (PoS) from the conventional Ethereum's Proof of Work (PoW).Ethereum 2.0 is scheduled to be completed through four phases, the first of which, "Phase 0," is scheduled to launch later this year. "Phase 0" is the launch of the BeaconChain, a chain that manages validators and performs proof of stakes, and is performed by ETH staking. The long-awaited upgrade of Ethereum has had a significant impact on the blockchain i...

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Coronavirus: 2 groups of 20 people or more probed for safe distancing breaches at nature reserves

SINGAPORE (THE NEW PAPER) - Two groups, each comprising 20 people or more, are under investigation for allegedly breaching safe distancing rules at Singapore's nature reserves. One involved 26 hikers who had attempted to go off-trail illegally in the Central Catchment Nature Reserve, the largest on the island. The other was a group of 20 who had gathered for a birthday celebration at Labrador Nature Reserve in the south-west of Singapore. Of greater concern is that these two groups are not the only ones being investigated for possible violation of Covid-19 safety measures, nor are they even the biggest group. The Ministry of Sustainability and the Environment (MSE) revealed on Thursday (Nov 13) that a group of 50 people is also being investigated. The New Paper understands this is the largest group linked to a breach since safe distancing measures were put in place in March. Responding to queries from TNP, an MSE spokesman said these incidents are among a spate of recent cases involving 12 to 50 people intermingling in large groups at various parks, birthday celebrations, baby showers, food and beverage outlets, and basketball and football games in Housing Board estate courts. Thes...

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NParks to release over 280 new plots for gardening enthusiasts to exercise their green thumbs

SINGAPORE - Gardening enthusiasts will have more space to exercise their green thumbs, with the National Parks Board (NParks) releasing over 280 gardening plots in four parks here. They are part of the 1,000 garden plots that will be made available across 18 parks and gardens in Singapore by next year. The plots announced on Friday (Nov 13) will be made available in Bedok Reservoir Park, Lower Seletar Reservoir Park, one-north Park and East Coast Park, which will have 120 plots for use. Gardeners can apply online from 10am on Nov 29. Applications will close at 10pm on Dec 6, and successful applicants will be notified within three months of this date. The plots will be allocated through computerised balloting. Each plot will be leased for three years at $57 annually, and comprises a raised planter bed measuring 2.5m by 1m. Those keen to dig up some dirt are encouraged to apply for the gardening plots nearest to their residence. NParks made more plots available to cater to the growing interest of avid gardeners in Singapore. By next year, there will be over 2,000 gardening plots around the island. NParks is providing additional spaces for growing plants and edibles, in the form of al...