A healthcare worker holds a vial of the Moderna COVID-19 Vaccine at a pop-up vaccination site operated by SOMOS Community Care during the coronavirus disease (COVID-19) pandemic in Manhattan in New York City, New York, US, on Jan 29, 2021. (MIKE SEGAR / REUTERS) New York / HELSINKI / MOSCOW – Around 3.2 million people […]
Commuters pass beneath a tribute image of Queen Elizabeth II as they travel through Kings Cross train station in London on Sept 10, 2022. (ISABEL INFANTES / AFP) LONDON – Britain's Queen Elizabeth died of old age, according to her death certificate, which was published by the National Records of Scotland on Thursday. Elizabeth, Britain's […]
SINGAPORE – The maximum amount of money home buyers can borrow to purchase their homes will be tightened with immediate effect, so that borrowers avoid future difficulties in servicing those loans. The cooling measures come after interest rates have risen significantly and are likely to continue rising, the Monetary Authority of Singapore (MAS), Ministry of […]
NEW YORK- Japan’s SoftBank Group is cutting around 150 staff globally at its Vision Fund unit and SoftBank Group International, a person familiar with the matter said, as CEO Masayoshi Son retrenches following huge loss on his tech bets. Notices were going out to employees on Thursday and would affect around 3 per cent of […]
A young womann from the Turkana community waters goats from a shallow well dug into a dry riverbed at Eliye springs on the western shore of Lake Turkana in Turkana county, Kenya on Sept 28, 2022. (TONY KARUMBA / AFP) LODWAR, Kenya – In a dry river bed in Kenya's arid northwest, pastoralists dig ever-deeper […]
A man looks at his mobile phone while walking on the Concorde square in Paris at sunset on Feb 7, 2022. (LUDOVIC MARIN / AFP) PARIS / STOCKHOLM / MILAN – Once unthinkable, mobile phones could go dark around Europe this winter if power cuts or energy rationing knocks out parts of the mobile networks […]
This handout picture taken and released by the Turkish Defence ministry press office on Aug 3, 2022, shows an inspection delegation member inspecting the Sierra Leone-flagged cargo ship Razoni carrying 26,000 tonnes of corn from Ukraine, off the coast of north-west Istanbul. (TURKISH DEFENSE MINISTRY / AFP) ROME – The head of the United Nations […]
SEOUL – South Korea’s semiconductor output fell for the first time in more than four years in a sign chipmakers are bracing for a slowdown in global demand. Semiconductor production slid 1.7 per cent in August from a year earlier, a sharp reversal from the 17.3 per cent gain reported in July, Statistics Korea data […]
HONG KONG – Malaysian group Genting has emerged as a strong contender to unseat an incumbent Macau casino operator for a new licence, analysts and executives say, unleashing possibly the biggest shakeup in the world’s largest gambling hub in over two decades. Only six slots will be available for the seven applicants, Macau’s government has […]
SAN FRANCISCO – Apple shares buckled after a rare analyst downgrade exacerbated another wave of selling pressure that wiped out hundreds of billions of dollars in market value from the largest US technology stocks. The iPhone maker dropped 4.9 per cent after Bank of America (BOA) cut its rating to “neutral” from “buy”, warning of […]
SAN FRANCISCO – Meta Platforms chief executive officer Mark Zuckerberg has outlined sweeping plans to reorganise teams and reduce headcount for the first time ever, marking an end to an era of rapid growth at the social media giant. In what would be the first major budget cut since the founding of Facebook in 2004, […]
SINGAPORE – Singapore sovereign wealth fund GIC is on the hunt for property deals and corporate partners across Japan as the falling yen and border reopening trigger a rush of tourists and deals. Hotels, resorts and ryokan, or traditional Japanese inns, in key cities including Tokyo and Okinawa are among the types of properties being evaluated, […]
NEW YORK (AFP) – Wall Street stocks suffered another ugly rout on Thursday as US bond yields resumed their upward climb on a bruising day for shares of Apple and other tech giants. Thursday’s economic reports included data showing a drop in weekly US jobless claims that point to a strong labour market likely to […]
Synopsis: Hosted by senior correspondent Leslie Yee, PropertyBT shares insights on all things Singapore property to help you on your property investment journey. Episodes feature views and insights from property analysts. Leasing activity and investment sales activity for good grade office buildings in the Central Business District is strong. Is optimism justified? What are the […]
SINGAPORE – Singapore’s digital asset sector can benefit from the regulatory troubles brewing in the United States, said industry executive Diogo Monica. Mr Monica, the co-founder of American cryptocurrency bank Anchorage Digital, told The Straits Times on Thursday that many domestic and international players in the crypto space may be pushed to set up headquarters […]
SINGAPORE – The United States is not seeking to decouple its economic ties from China, US Ambassador In Beijing Nicholas Burns said on Thursday. However, he noted that the US will continue to compete in technology with the world’s second-largest economy and keep reminding it of its commitments to multilateral agreements on global trade and investment. […]
SINGAPORE – Colombia’s state energy company will invest around US$48 billion (S$69 billion) over the next eight years to expand oil and gas production, noted chief executive Felipe Bayon. Mr Bayon told The Straits Times at the firm’s new office in Orchard Road that the firm was producing around 700,000 or so barrels of oil equivalent […]
HONG KONG – An electric-vehicle (EV) maker and a unit of China’s real estate developer China Vanke plunged in their trading debuts in Hong Kong, following initial public offerings (IPOs) that together raised more than US$1.5 billion (S$2.15 billion). Chinese EV-maker Zhejiang Leapmotor Technology slumped as much as 42 per cent to HK$25.05. The company […]
HONG KONG – China’s onshore renminbi advanced for the first time in nine sessions, after the central bank issued a verbal warning against currency speculation. The currency advanced 0.1 per cent on Thursday, halting an eight-session slide of around 3 per cent. The gains came after the People’s Bank of China (PBOC) late on Wednesday […]
SINGAPORE – During the last two years, cargo accounted for some 40 per cent of global airline revenue. While Singapore Airlines planes flew with a fraction of the passengers it normally carries in 2020 and early 2021, its bellyholds were full of cargo. Some flights even had seats removed to make way for food, vaccines […]