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  • China’s AI startups head to Singapore in a bid for global growth

    When Wu Cunsong and Chen Binghui founded their artificial intelligence startup two years ago in Hangzhou, China, they quickly ran into obstacles, including dearth of venture capital.

  • Western incompetence is handing aerospace dominance to China

    Regulators have concluded Boeing should face criminal charges over safety issues on the 737. It is being sued over a mid-air blowout. And design faults have left a pair of astronauts stranded in space.

  • India opposition asks Modi government to question Foxconn hiring practices

    India's opposition Congress urged Prime Minister Narendra Modi's government on Saturday to question Foxconn about its hiring practices after Reuters reported that the Apple supplier rejects married women from iPhone assembly jobs in the country. The government has sought a detailed report from the state of Tamil Nadu, site of a major iPhone factory where Reuters uncovered Foxconn's hiring practices. The story has sparked debates on TV channels, newspaper editorials and calls from women groups, including within Modi's party, to investigate the matter.

  • Labour must slash their own lavish pensions if they really believe in public ‘service’

    It now looks like a dead-cert that next month Rachel Reeves will become our new chancellor.

  • Oil prices climb on summer demand optimism

    SINGAPORE (Reuters) -Oil prices climbed on Monday, supported by forecasts of a supply deficit stemming from peak summer fuel consumption and OPEC+ cuts in the third quarter, although global economic headwinds and rising non-OPEC+ output capped gains. Brent crude futures rose 53 cents, or 0.6%, to $85.53 a barrel by 0729 GMT, while U.S. West Texas Intermediate crude futures were at $82.05 a barrel, up 51 cents, or 0.6%. Both contracts gained around 6% in June, with Brent settling above $85 a barrel in the past two weeks, after the Organization of the Petroleum Exporting Countries (OPEC) and their allies, a group known as OPEC+, extended most of its deep oil output cuts well into 2025.

  • Australia job ads fall 2.2% in June, ANZ-Indeed data shows

    Australian job advertisements fell for a fifth straight month in June, data showed on Monday, as labour demand continued to ease in the face of high interest rates and a slowing economy. Data from Australia and New Zealand Banking Group and employment website Indeed showed job ads fell 2.2% in June from May, when they dropped by a revised 1.9%. "The pace of declines in ANZ-Indeed Australian Job Ads has intensified," said ANZ economist Madeline Dunk.

  • The 15 biggest chain restaurants in the US, ranked

    Olive Garden, Applebee's, and Texas Roadhouse ranked among the top chain restaurants in the US.

  • Binance must face bulk of US SEC crypto lawsuit, judge rules

    The decision by Judge Amy Berman Jackson of the U.S. District Court for the District of Columbia deals a blow to Binance, which had asked the court to toss the SEC's lawsuit that alleges Binance and its founder and former CEO Changpeng Zhao broke securities laws. The SEC's suit filed against Binance in June 2023 accused the exchange and Zhao of artificially inflating its trading volumes, diverting customer funds, failing to restrict U.S. customers from its platform and misleading investors about its market surveillance controls.

  • ‘I can’t get paid.’ Cyberattack affecting car dealerships brings chaos for sellers, buyers and workers

    As the ongoing systems outage at software provider CDK Global stretches into its second week, car dealerships are racking up millions of dollars in losses, according to a new estimate.

  • China tightens rules for rare earths mining and refining, spells out fines for breaches

    China has issued a raft of regulations to tighten management of rare earths production, elements that are playing an ever-important role in the global technology race. In a document released on Saturday, the State Council said the new rules would come into effect on October 1. The regulation spells out that the resources belong to the state and that "no organisation or individual may encroach upon or damage" them. Do you have questions about the biggest topics and trends from around the world? G

  • Malaysia's Sabah state to develop oil, gas facilities with Gibson Shipbrokers

    London-based Gibson Shipbrokers Ltd and Malaysian state-owned Sabah Oil & Gas Development Corporation (SOGDC) have signed an agreement to develop oil and gas facilities in the Southeast Asian nation's Sabah state. The oil and gas facilities will be developed at the Sipitang Oil and Gas Industrial Park in Sabah, and will include the construction of a jetty, onshore hydrocarbon storage terminals and a floating power plant, according to a statement from Gibson Shipbrokers. In 2022, the Sabah state government and state energy firm Petronas launched a gas masterplan to further develop the domestic gas industry.

  • I’m a Financial Planning Expert: Here Are 4 Tools That Work Best for Retirees

    There's a lot of advice out there for how to prepare and save for retirement; but, once you've got your nest egg and you're ready for the next phase, then what? You can't just ignore your finances...

  • PLB Landed Convention 2024

    Opening address by Co-Founder and CEO of PropertyLimBrothers, Melvin Lim (Photo: PLB)PropertyLimBrothers’ Landed Convention 2024 opened its door for its second year in May this yearPropertyLimBrothers’ landed property convention returned for its second year on May 11 2024. Held at Shangri-La Singapore, it was the first public event held by PLB in 2024.The event ‘Bigger, Bolder, and Better’ surpassed its predecessor in 2023, welcoming over 452 attendees, 20 partners, and 100 landed listings.Kicki

  • South Korea factory activity sees fastest growth in 26 months on rising demand

    The purchasing managers index (PMI) for manufacturers in Asia's fourth-largest economy, compiled by S&P Global, rose to 52.0 in June, from 51.6 in May, on a seasonally adjusted basis. "Another strong month of data provides further evidence that global industrial activity and trade are picking up," said Joe Hayes, principal economist at S&P Global Market Intelligence. "Viewed as a bellwether for exports due to its integration in supply chains for key intermediate goods like batteries and semiconductors, South Korean manufacturing output and orders often provide leading signals for trends more broadly."

  • Asia's factory activity expands in June on solid global demand

    TOKYO (Reuters) -Asia's factory activity expanded in June on solid momentum in the global economy and brightening prospects for semiconductor output, surveys showed on Monday, offering policymakers some hope the region can weather the hit from soft Chinese demand. But cost pressures weighed on manufacturers in countries like Japan, where the weak yen is boosting the price companies pay for fuel and raw material imports. China's Caixin/S&P Global manufacturing purchasing managers' index (PMI) rose to 51.8 in June from 51.7 in May, a private survey showed on Monday, remaining above the break-even line of 50.0 that separates growth from contraction.

  • Kanye West Sued By Former Employees He Allegedly Called “New Slaves”

    Kanye West is being sued by a group of former employees, who accuse him and former chief of staff Milo Yiannopoulos of “fostering a racist environment” and forcing employees to work “insanely long hours.” According to TMZ, the filing was by developers hired to work on West’s YZYVSN streaming service app, which he wanted to use to …

  • I'm 48 and Divorced With $550K in an IRA and $110K in My 401(k). Can I Retire in 10 Years?

    Planning for an early retirement requires wrestling with complex variables, including healthcare costs, portfolio returns and withdrawal rates. As a 48-year-old divorcee with a $550,000 IRA and $110,000 in a 401(k), it may be possible to retire in 10 years. Making reasonable assumptions, these assets could potentially generate enough income to maintain an adequate living […] The post I’m a 48-Year-Old Divorcee With $550K in an IRA and $110K in My 401(k). Can I Retire in 10 Years? appeared first

  • Ask an Advisor: I Made $310k Last Year But My Spouse Doesn't Work. We Have $546k for Retirement. How Can We Save More?

    I am 48 years old. I made $310,000 last year and I currently have $546,000 in my retirement plan at work. My husband is on disability and doesn't work and does not have a 401(k) plan. I wanted to open a Roth IRA but I read that I make too much money. What options do […] The post Ask an Advisor: I Made $310,000 Last Year and Have $546,000 in Retirement Savings, But My Spouse Doesn’t Work. How Can I Save More? appeared first on SmartReads by SmartAsset.

  • Here’s what it means when a company like Boeing faces criminal charges

    Criminal charges against a corporation, like the ones the Justice Department is considering bringing against Boeing, would be a serious blow, worsening the company’s already precarious financial situation and further damaging its battered reputation. But it wouldn’t necessarily result in past or current executives facing prison time.

  • Woman charged after video allegedly showed prison officer having sex with inmate

    A woman has been charged after a video emerged that allegedly showed a prison officer having sex with an inmate in a jail cell.