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 […]
Police work the scene where dozens of people were found dead in a semitrailer in a remote area in southwestern San Antonio, June 27, 2022. (ERIC GAY / AP) SAN ANTONIO, Texas – At least 51 migrants have died after being trapped inside a sweltering tractor-trailer truck found abandoned in Texas, authorities said on Tuesday, […]
BANGALORE (REUTERS) – Bitcoin miners have been forced to tap their cryptocurrency stashes as a plunge in prices, rising energy costs and increased competition bite into profitability. The number of coins miners are sending to crypto exchanges has been steadily climbing since June 7, researchers at MacroHive noted, in a sign that “miners have been […]
SINGAPORE (THE BUSINESS TIMES) – After nine years in the rental market, luxury development Cape Royale at Sentosa Cove is now being launched for sale. Joint developers IOI Properties and Ho Bee Land will start sale previews for the 99-year leasehold project on Tuesday (June 28), and begin bookings on July 6 with prices starting […]
SINGAPORE – Heartland shops will have to face the challenges of adapting to new business trends as shoppers’ preferences change. Although the past two years have been difficult for them because of the pandemic, these shops are also facing growing challenges beyond Covid-19, said National Development Minister Desmond Lee. Speaking at the Singapore Heartland Enterprise […]
NEW YORK (REUTERS) – US stocks closed lower on Monday (June 27), with few catalysts to sway investor sentiment as they approach the half-way point of a year in which the equity markets have been slammed by heightened inflation worries and tightening Fed policy. The major US stock indexes lost ground after oscillating earlier in […]
BEIJING (BLOOMBERG) – China’s economy showed some improvement in June as Covid-19 restrictions were gradually eased, although the recovery remains muted. That is the outlook based on Bloomberg’s aggregate index of eight early indicators for this month. The overall gauge returned to the neutral level after deteriorating for two straight months. Economic activity picked up […]
(BLOOMBERG) – Britain is leading much of the world when it comes to people dropping out of the workforce, despite a historic squeeze on living standards. That shortage of staff is now causing chronic problems, from travel chaos at airports to coffee chains that have to close shops temporarily as workers strike for better pay, […]
(NYTIMES) – With consumer prices climbing at the fastest rate of increase in four decades, people are being confronted with more expensive food, fuel and housing. Many are grasping for answers about what is causing the price burst, how long it might last and what can be done to resolve it. Here’s a guide to […]
In the first quarter of this year, condo rents grew at their fastest pace since 2010 to a new record and are up by almost 12 per cent from last year. During the pandemic, demand changes have accelerated with many Singaporeans renting due to construction delays in housing projects, especially Build-To-Order flats. More upgraders are […]
Young people care – for the planet as much as their pockets. Whether it’s Gen Z or young millennials, the two cohorts – defined as those aged between 21 and 34 this year – have a reputation for being socially and environmentally aware. They’re willing to use their money to shape their ideal world. A […]
LONDON/NEW YORK (REUTERS) – Global dealmaking is entering an arid season as raging inflation and a stock market rout curb the thirst of many corporate boards to expand through acquisitions. Russia’s invasion of Ukraine in February and fears that an economic recession is looming dealt a blow to merger and acquisition (M&A) activity in the […]
Indigenous people march in downtown Quito, on June 22, 2022, on the tenth consecutive day of indigenous-led protests against the Ecuadorean government. (VERONICA LOMBEIDA / AFP) QUITO – Thousands of indigenous protesters held a peaceful march through Ecuador's capital, Quito, on Wednesday to demand that President Guillermo Lasso address price rises that have ignited 10 […]
A boy plays with a flower in front of a banner with images of British journalist Dom Phillips (left) and Indigenous expert Bruno Pereira and the word "Justice" written in Portuguese, during a rally demanding authorities conduct a thorough investigation into the circumstances leading to their deaths, and do more to protect indigenous lands against […]
WELLINGTON (BLOOMBERG) – Fonterra Cooperative Group, the world’s biggest dairy exporter, forecast a record milk price for the new season amid strong global demand. Auckland-based Fonterra on Thursday (June 23) raised the midpoint of its 2022-23 forecast range by 50 NZ cents to NZ$9.50 (S$8.27) a kg of milksolids, which would be the highest price […]
CHICAGO, IL, Jun 17, 2022 – (ACN Newswire via SEAPRWire.com) – Get Me Press’ founders are excited to announce the launch of their online public relations agency, which will focus on startups and entrepreneurs. To learn more about Get Me Press and the services they offer visit www.getmepressnow.com. The company’s mantra, according to a spokeswoman, […]
Hong Kong Island, June 16, 2022 (GLOBE NEWSWIRE via SEAPRWire.com) — Hong Kong Island, Hong Kong – Hong Kong Island, Hong Kong – Pogi’s Pet Supplies, a Hong Kong-based online retailer of eco-friendly pet care products, is proud to announce that it has recently received another five-star review for its Compostable Poop Bags with Handles. […]