TOKYO, Jul 1, 2022 – (JCN Newswire via SEAPRWire.com) – NEC Corporation (TSE: 6701) has further increased its capacity to deliver End-to-End Open RAN ecosystems, along with system design and integration for legacy networks, to operators globally with its agreement to acquire Aspire Technology Unlimited Company (Aspire Technology), headquartered in Dublin, Ireland. The company is […]
SINGAPORE – The market is pondering the fate of at least two good class bungalows (GCBs) belonging to crypto-billionaire Zhu Su and his family. Market sources who are familiar with the GCB sector say that at least one property may be put up for sale in the aftermath of the collapse of his high-profile crypto […]
SINGAPORE (THE BUSINESS TIMES) – The chain offer for SPH Reit has closed with valid acceptances in respect of 402.9 million units, representing about 14.36 per cent of total issued units, according to a bourse filing on Thursday night (June 30). This will bring Cuscaden Peak and its concert parties’ stake in the real estate […]
SYDNEY (BLOOMBERG) – Australia’s two biggest housing markets, Sydney and Melbourne, led a fall in home values during June as rising interest rates further choked buyer demand. Sydney prices slid 1.6 per cent in the city’s fifth straight monthly fall, while Melbourne dropped 1.1 per cent, CoreLogic said in a report on Friday (July 1). […]
The Environmental Protection Agency headquarters in Washington, DC, on June 29, 2022. (STEFANI REYNOLDS / AFP) WASHINGTON – The US Supreme Court on Thursday imposed limits on the federal government's authority to issue sweeping regulations to reduce carbon emissions from power plants in a ruling that undermines President Joe Biden's plans to tackle climate change […]
Russian President Vladimir Putin (right) and Indonesian President Joko Widodo shake hands after a joint news conference after their meeting in the Kremlin in Moscow, Russia on June 30, 2022. (ALEXANDER ZEMLIANICHENKO, POOL / AP PHOTO) MOSCOW – Russian President Vladimir Putin and visiting Indonesian President Joko Widodo on Thursday discussed the current situation in […]
A medical staffer takes a nasal swab for a COVID-19 rapid test at a testing site in Rome on Dec 30, 2021. (ANDREW MEDICHINI / AP) ROME / HELSINKI / JUBA / BERLIN / COPENHAGEN – Italy on Thursday updated coronavirus heath protocols in the workplace, as the main pandemic indicators in the country continue to rise. The […]
Synopsis: Every first and third Monday of the month, The Business Times breaks down useful financial tips. Although foreign exchange trading carries a high level of risk that may not be suitable for all investors, currencies appear to be investors’ avenue to hedge against inflation in current markets. But what are the pitfalls and risks? […]
SINGAPORE (THE BUSINESS TIMES) – Keppel Infrastructure Trust (KIT) has entered into a non-binding term sheet to purchase from its sponsor a 50 per cent stake in Marina East Water (MEW), which owns the Keppel Marina East Desalination Plant (KMEDP), for an enterprise value of about $355 million. Post-transaction, KIT and its sponsor, Keppel Infrastructure […]
SINGAPORE – Three senior officers left AXA Singapore in June following the firm’s exit from the motor and general insurance business. Chief digital and transformation officer Tomasz Kurczyk, who joined the French insurer 10 years ago, confirmed his resignation but declined to comment further.
SEOUL (REUTERS) – South Korea’s June exports grew at their slowest pace in 19 months as soaring inflation constrains global demand for Korean goods, widening the trade gap and fuelling concerns about both the domestic and world economies. Shipment data out of Asia’s fourth largest economy is an early indicator of global activity as its […]
A general view of the Meeting of the North Atlantic Council Session with fellow heads of state at the NATO summit at the IFEMA arena in Madrid, June 30, 2022. (JONATHAN ERNST/POOL PHOTO VIA AP) MADRID – The 2022 Summit of the North Atlantic Treaty Organization (NATO) concluded in Madrid on Thursday amid mounting criticisms […]
In this file photo taken on Nov 16, 2020, an Ethiopian refugee child who fled fighting in Tigray province, sleeps in a hut at the Um Raquba camp in Sudan's eastern Gedaref state. (EBRAHIM HAMID / AFP) NAIROBI – The World Health Organization said Thursday it's intensifying its operations to the looming health crisis in […]
People queue outside the Stade de France stadium, which has been converted into a temporary COVID-19 vaccination site, in Saint-Denis, outside Paris, April 6, 2021. (THOMAS SAMSON / POOL VIA AP) BRUSSELS / SAO PAULO / COPENHAGEN / OTTAWA / SAN SALVADOR / BELGRADE / ADDIS ABABA / WINDHOEK / PARIS – A new wave in France of COVID-19 infections fuelled by […]
100-year-old WWII veteran Captain Tom Moore poses with his medal after being made a Knight Bachelor during an investiture at Windsor Castle in Windsor, west of London on July 17, 2020. (CHRIS JACKSON / POOL / AFP) LONDON – Britain's charity watchdog said on Thursday it had launched an investigation into the foundation set up […]
NEW YORK (AFP) – Grayscale, which said it managed the world’s largest Bitcoin fund, said it would sue the US Securities and Exchange Commission (SEC) after the regulator turned down its bid to convert the investment vehicle into an exchange-traded fund (ETF). Grayscale filed a petition with a federal appeals court on Wednesday (June 29), […]
British Virgin Islands, Jun 30, 2022 – (ACN Newswire via SEAPRWire.com) – The Bazaars Project has launched its peer-to-peer marketplace app in the Apple App and Google Play stores. The app allows users to buy and sell goods, property, and vehicles with cryptocurrency. This milestone is significant for the Bazaars Project’s mission to create a […]
NEW YORK (NYTIMES) – Americans’ income and spending failed to keep pace with rising prices in May, the latest sign that the fastest inflation in a generation is chipping away at the bedrock of the economic recovery. Consumer spending, adjusted for inflation, fell for the first time this year, declining 0.4 per cent from April, […]
NEW YORK (NYTIMES) – Wall Street set records in the first half of the year, none of them good. The US economy is on the cusp of a recession, battered by high inflation and rising interest rates, which eat into pay cheques, dent consumer confidence and lead to corporate cutbacks. As it has teetered, markets […]
NEW YORK (BLOOMBERG) – Tesla is likely to lose its position as the dominant electric-vehicle (EV) maker in the US to GM or Ford by 2025 as competitors release a barrage of 135 new electric vehicles, Bank of America analyst John Murphy said in his annual Car Wars forecast. Elon Musk’s company will still be […]