US sees biggest annual inflation jump since 2008
WASHINGTON (AFP) – The United States saw its biggest surge in inflation in more than a decade last month, according to government data released on Tuesday (July 13), hitting consumers […]
Dining in for groups of 5 resumes, S’poreans welcome chance to eat with friends, family at the same table
SINGAPORE – A pre-lunch crowd of mostly retirees and elderly folk was observed making full use of the five-person dining in rule that kicked in on Monday (July 12). Many […]
DPM Heng Swee Keat calls on Asean and China to explore building blocks of growth in the ‘never normal’
SINGAPORE – Apart from deepening cooperation in existing areas such as trade, Asean and China can benefit from exploring new “building blocks” of growth in areas such as digitalisation and […]
Bank Indonesia looking at tightening policy from late next year
JAKARTA (BLOOMBERG) – Bank Indonesia could begin tightening monetary policy next year, including potential moves on interest rates, if the economic recovery remains on track and policy makers see signs […]
ECB’s Lagarde sees policy change in July, possible 2022 measures
FRANKFURT (BLOOMBERG) – European Central Bank (ECB) president Christine Lagarde told investors to prepare for new guidance on monetary stimulus in 10 days, and signalled that fresh measures might be […]
Help pours in for siblings with rare disorder in Singapore
SINGAPORE – All three of Mr David Lang’s children were born healthy, zipping through development milestones as they grew up. Justina, the eldest, could name 100 objects in a picture […]
US Fed officials surprised by higher-than-expected inflation spike
WASHINGTON (AFP) – Rising prices amid the recovery from the Covid-19 pandemic shutdown were predicted, but the recent jump in US inflation was higher than Federal Reserve officials had expected, […]
China’s Huawei scores 4G patent deal for Volkswagen cars
SHANGHAI (AFP) – Huawei has struck a licensing deal that will allow use of its 4G technologies in connected vehicles manufactured by Volkswagen Group, the Chinese tech giant said on […]
Grab to trial new green ride-hailing service
SINGAPORE – Ride-hailing firm Grab will trial a new service for commuters in central Singapore to book rides only on hybrid or electric vehicles from next Wednesday (July 14) as […]
Two rescued from Ang Mo Kio flat after blaze involving PMA scooter
SINGAPORE – Two people were taken to hospital in the early hours of Wednesday (July 7) after they were rescued from a flat where there was a fire involving a […]
Samsung Electronics says Q2 profit likely rose 53%, topping estimates
SEOUL (REUTERS) – Samsung Electronics said on Wednesday (July 7) its second-quarter operating profit likely jumped 53 per cent, beating analysts’ estimates, as strong chip prices and demand lifted earnings. […]
Didi handed bosses stock options worth billions before IPO
NEW YORK (BLOOMBERG) – Didi Global handed a group of senior executives and board members a sweet perk in the weeks before its initial public offering: shares worth billions of […]
Temasek-backed e-commerce start-up ManoMano tops $3.5b valuation after new fundraising
PARIS (REUTERS) – French online home improvement retailer ManoMano reached US$2.6 billion (S$3.5 billion) in valuation after a US$355 million fund-raising led by investment firm Dragoneer, it said on Tuesday […]
Parliament: FTAs and globalisation critical to Singapore’s survival, says Ong Ye Kung
SINGAPORE – Embracing globalisation is critical to Singapore’s survival and pursuing free trade agreements or FTAs are key to the country’s existence, said Health Minister Ong Ye Kung on Tuesday […]
Parliament: Wages at bottom-fifth grew at faster rate than median from 2009 to 2019
SINGAPORE – The real wages of Singaporean and permanent resident lower-wage workers at the 20th percentile grew 39 per cent between 2009 and 2019, faster than that of the workers […]
Chinese aircraft that flew into S’pore’s flight info region in May did not pose threat: Ng Eng Hen
SINGAPORE – A group of People’s Liberation Army Air Force (PLAAF) aircraft that flew into Singapore’s Flight Information Region (FIR) in May was not deemed to have posed an aerial […]
Opec+ abandons oil policy meeting after Saudi-UAE clash
DUBAI (REUTERS) – Opec+ ministers called off oil output talks on Monday (July 5) after clashing last week when the United Arab Emirates rejected a proposed eight-month extension to output […]
Steady queue at supermarkets, pharmacies for free oximeter on first day of collection
SINGAPORE – A steady queue formed at various supermarkets and pharmacies on Monday (July 5) morning, the first day of the distribution of free oximeters to every household to curb […]
Sydney Airport gets $22.3 billion takeover bid
SYDNEY (BLOOMBERG) – Sydney Airport received a A$22.3 billion (S$22.3 billion) takeover offer from a group including IFM Investors, in one of the boldest bets since the pandemic on a […]
Home workers questioning jobs, supply-chain havoc weigh on French recovery
AIX-EN-PROVENCE (REUTERS) – A shortage of qualified workers, doubts raised by working from home and supply-chain havoc are proving problematic for some companies as they try to ride France’s recovery […]