City-state’s performance is closely watched as a barometer of global economic conditions. Singapore’s economy grew slower than expected in the first quarter, as a struggling manufacturing sector weighed on tourism spending from events including Taylor Swift’s concerts. The city-state’s economic performance is often seen as a barometer of the global…
Bangkok, Thailand – Singapore has responded to United Nations pressure by cracking down on sales of weapons through its territory to Myanmar, delivering a serious blow to the embattled generals, who seized power in a coup more than three years ago. Thomas Andrews, the UN special rapporteur on the human…
Wednesday’s “disappointing” inflation data in the United States showed a jump from February, dampening expectations of an interest rate cut and raising concerns that inflation could remain stubbornly high. The data has implications not just for the US Federal Reserve, which sets interest rates, but also for the candidates in…
Allen Weisselberg pleaded guilty last month to charges he lied about former President Donald Trump’s finances. A New York judge on Wednesday sentenced former Trump Organization Chief Financial Officer Allen Weisselberg to five months in prison for lying about former US President Donald Trump’s finances. Judge Laurie Peterson handed down…
Indian-administered Kashmir – Muhammad Shafi was working in his apple orchard in October last year, in Indian-administered Kashmir, when a group of men barged in and started measuring his land without asking for his approval. When he asked the men who they were and what were they doing on his…
US Treasury Secretary Janet Yellen and her team are leaving China and returning to the United States after trying to tackle the major questions of the day between the countries. Here’s a look at what she tried to accomplish, what was achieved and where things stand for the world’s two…
Taiwanese chip giant will build third facility in Arizona as part of $65bn investment in the US. The United States has pledged to give Taiwan’s chip giant TSMC up to $6.6bn to expand production at facilities it is building in the state of Arizona. The funding announced on Monday will…
Zimbabweans have 21 days to convert their old cash into new money, according to the central bank. Zimbabwe’s central bank has launched a new “structured currency” backed by gold, as it seeks to tackle sky-high inflation and stabilise the country’s long-floundering economy. The new currency – called Zim Gold (ZiG)…
Bali and Jakarta, Indonesia – Late last year, Balinese woman Nih Lu Putu Rustini got the shock of her life when she tried to withdraw cash from an ATM to complete a renovation project at her ancestral home. Working as a cleaner during the day and a nanny by night,…
All eyes will be on Friday’s US unemployment numbers to see how many jobs were added in March and whether the unemployment rate continues to stay in its historically low range or if it is time for the alarm bells to start ringing. Job growth in the United States has…
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