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Singapore is gearing up to make bold regulatory changes to breathe new life into its struggling stock market. Second Minister for Finance Chee Hong Tat has outlined plans to overhaul the system. Here's how Singapore plans to rejuvenate its stock market here.
TikTok is back in the spotlight as it is faces a potential ban or forced sale in the United States due to national security concerns tied to its Chinese parent, ByteDance. Singaporean CEO Shou Zi Chew is spearheading the company's defence against the potential ban, which involves complex legal and constitutional issues. The outcome of the court case will decide if TikTok must divest from ByteDance or face a nationwide ban. More on TikTok's issues in the US and how its Singaporean CEO is leading its defence here.
Singaporeans Wynnette Yip and Magdalene Huang share their stories of moving to Sweden – one grapples with cultural shocks, while the other enjoys a fulfilling new lifestyle. Their stories provide unique insights into the challenges and rewards of Singaporeans relocating abroad.
Google's Pixel Pro 9 Fold promised top-notch durability but did it deliver? Popular tech YouTuber Zack Nelson’s extreme durability tests show the foldable smartphone has several weaknesses. Here's why prospective buyers of Google's Pixel Pro 9 Fold should handle the device carefully.
Maggi, originally a Swiss creation, has become a household name in Malaysia. From its humble beginnings to its current status, find out how Maggi made an impact on Malaysian culture.
Economy class syndrome, or deep vein thrombosis (DVT), is a serious health issue resulting from prolonged immobility, commonly exacerbated by long flights. Symptoms include pain and swelling, with severe cases leading to pulmonary embolism. Both economy and premium class travellers are at risk if they remain inactive for extended periods. This how you can minimise DVT risk on your next flight.
The global coffee market is experiencing significant price hikes due to environmental and market changes. Interestingly, the "king for fruits", the durian, infamous for its strong odour, is playing a role in this economic shift. Here's how the durian and market shifts are contributing to the global coffee shortage here.
Amazon is tightening its return-to-office (RTO) policy, requiring employees to be in the office five days a week starting next year, up from three days. This move contrasts with other tech companies' more flexible approaches and has sparked backlash from employees who prefer remote work. More on Amazon's move to full-time office work in 2025 here.
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TikTok’s Singaporean CEO Shou Zi Chew fights against US ban in court
TikTok’s future in the US hangs in the balance as Singaporean CEO Shou Zi Chew battles national security laws. Will ByteDance be forced to sell or face a ban? REUTERS/Stephanie Lecocq/Pool
The Biden administration has enacted a law demanding that ByteDance, TikTok's Chinese parent company, divest its U.S operations by mid-January or face a ban.
TikTok is hotly contesting this legal issue in federal court to avoid a ban in the US.
Shou Zi Chew, TikTok's 41-year-old Singaporean CEO, is at the forefront of this battle.
Chew has a notable background, including stints at Facebook, Xiaomi, and investment firms before joining ByteDance in 2021.
His role at TikTok involves managing the company's response to US regulatory pressures and defending against accusations that its data practices pose a national security risk.
Chew has been vocal in his defence of TikTok, testifying before US Congress and addressing concerns directly through media and social platforms.
Despite his efforts, the company faces a challenging legal environment, as judges scrutinise the implications of the law for both TikTok and broader constitutional rights.
The outcome of these legal proceedings could have significant ramifications for both TikTok and its parent company ByteDance.
If the law is upheld, TikTok may be forced to find a new owner or face a nationwide ban, potentially altering the app's future in the US and affecting its global operations.
Chew's leadership will continue to be critical as TikTok navigates these complex legal and political challenges.
The surprising link between durian and coffee price hikes
Coffee prices are rising due to a combination of environmental impacts and market shifts. The durian is playing a role in this economic shift. (Photo: Getty Images)
Why is your coffee getting more expensive?
It’s not just inflation.
Coffee prices are skyrocketing due to a mix of climate issues and market changes.
A 2021 frost in Brazil ruined Arabica crops, leading buyers to Vietnam.
However, Vietnam’s drought forced farmers to switch from coffee to durian, driving up fruit prices and affecting coffee exports globally
There's a hidden danger lurking in those cramped budget airline seats
Economy class syndrome, or deep vein thrombosis (DVT), is a severe condition linked to long periods of immobility, often experienced during long flights. (Photo: Getty Images)
Economy class syndrome is more than just a discomfort – it's a serious risk.
Also known as deep vein thrombosis (DVT), it can develop from long periods of immobility.
Up to 100,000 Americans die from DVT annually, often linked to long flights, and any extended period of sedentary activity, like sitting for hours at a time, as in video gaming or during lockdowns.
DVT commonly affects the deep veins in the legs or pelvis, but can occur in other parts of the body.
Symptoms include swelling, pain, warmth, and skin colour changes, though some people experience no symptoms.
Untreated DVT can lead to pulmonary embolism, a severe condition where a blood clot travels to the lungs, potentially causing death.
While economy class seating is often blamed for DVT, the condition can affect anyone who is immobile for long periods, regardless of seating class.
Therefore, prevention strategies are crucial for all travellers.
Experts recommend regular movement, hydration, and support stockings.
Did Google's new Pixel Pro 9 Fold smartphone survive this extreme durability test?
Google's latest fordable smartphone Pixel Pro 9 Fold has been put to the test by tech YouTuber Zack Nelson of JerryRigEverything. Despite Google's marketing claims of superior durability, the device reveals several weaknesses. (AP Photo/Juliana Yamada)
Is the Google’s Pixel Pro 9 Fold really as tough as it claims?
Google's new phone was marketed as "super durable," but recent tests tell a different story.
The rigorous durability tests of popular tech YouTuber Zack Nelson of JerryRigEverything reveal the phone struggles with scratches, dust, and bending.
According to Zack Nelson’s durability tests, the expensive phone is not without flaws.
From easily scratched screens to a lack of dust protection and bending vulnerabilities, the phone falls short of its durability promises.
From Singapore to Sweden: Cultural shock and new beginnings
Wynnette Yip found Swedish attitudes toward marriage surprising after moving from Singapore. (Photo: wynnyyyy/TikTok via Malay Mail)
Wynnette Yip, a Singaporean living in Sweden, experienced significant culture shock over the Swedish approach to marriage and cohabitation.
In Sweden, many couples opt for cohabitation ("sambo") rather than formal marriage, which contrasts sharply with the traditional marriage expectations in Singapore.
Yip was surprised that in Sweden, having children does not necessarily prompt couples to marry, according to Malay Mail.
Her video highlighting these differences garnered widespread attention and sparked discussions about cultural norms and personal choices regarding marriage.
In contrast, Magdalene Huang, another Singaporean who relocated to Stockholm, Sweden, has no regrets about her move.
Huang, who sought a more balanced lifestyle and flexible work environment, found that life in Sweden offered a satisfying change from the high-pressure career scene in Singapore, according to AsiaOne.
Huang's decision to move was driven by her curiosity about life abroad and a desire for new experiences.
She appreciated the support from her employer in facilitating the relocation process, which helped ease her transition.
Despite initial challenges, such as adapting to severe weather and navigating life alone, Huang has embraced her new life in Sweden and found it enriching.
Yip’s and Huang’s stories highlight the diverse experiences of Singaporeans adjusting to life in Sweden, providing unique insights into the challenges and rewards of moving abroad.
Singapore’s new home sales are down to their lowest since February after only 208 new private homes were sold in August, a sharp drop from July. (Photo: Getty Images)
Singapore's new home sales have sharply declined, reaching their lowest level since February.
Russian oil companies have held talks with the government on whether firms that do not produce diesel should be banned from exporting it because of concern the refiners may be losing subsidies, Interfax news agency reported on Tuesday. Russia is the world's biggest seaborne exporter of diesel, just ahead of the United States, and diesel represents the greatest share of its oil product exports. It imposed a temporary ban on diesel exports last year and media reports have emerged Russia is considering another ban to try to contain rising domestic prices.
Chinese lithium producers are flooding the global market with the critical metal and causing a "predatory" price drop as they seek to eliminate competing projects, a senior U.S. official said on a visit to Portugal that has ample lithium reserves. Jose Fernandez, under secretary for economic growth, energy and the environment at the U.S. Department of State, told a briefing late on Monday that China was producing much more lithium "than the world needs today, by far".
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OTTAWA (Reuters) -Canada recorded a bigger-than-expected trade deficit of C$1.1 billion ($806 million) in August, its sixth consecutive monthly shortfall, as imports rose while exports declined, Statistics Canada data showed on Tuesday. July's trade balance was revised to a C$287 million deficit from a surplus of C$684 million initially reported. Total exports fell 1% in the month, mainly on lower crude oil prices, and pulp and paper exports.
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In the current global market landscape, heightened geopolitical tensions and robust job growth in the U.S. have created a mixed environment for investors, with large-cap stocks showing resilience amid oil price fluctuations and supply chain concerns. Despite these challenges, small-cap indices like the S&P MidCap 400 and Russell 2000 have experienced recent declines, highlighting potential opportunities for discerning investors to explore lesser-known stocks that may offer strong potential in...
The European Union's lack of clarity regarding Russian nuclear fuel imports is holding back investment in new uranium enrichment plants, said an executive at French nuclear fuel specialist Orano. Long-term prices for enriched uranium, used to make fuel for nuclear power plants, have risen from $60 per separation work unit (SWU) before the Ukraine war to $166 today, after some Western nuclear power producers reduced imports from top supplier Russia. The higher prices for enriched uranium, produced by firms like Orano, will raise costs for nuclear power producers in coming years.
(Bloomberg) -- The tech world’s obsession with artificial intelligence is continuing to spur a huge demand for power — supercharging returns in the utilities sector and shaking up the S&P 500 index. Wall Street sees more to come.Most Read from BloombergUrban Heat Stress Is Another Disparity in the World’s Most Unequal NationFrom Cleveland to Chicago, NFL Teams Dream of Domed StadiumsChicago’s $1 Billion Budget Hole Exacerbated by School TurmoilSingapore Ends 181 Years of Horse Racing to Make Way
2024 has been a mixed bag for energy stocks, with economic concerns, geopolitical risk and volatile oil prices, but some oil and gas stocks have outperformed the rest of the market.
We recently compiled a list of the 7 Most Undervalued Auto Stocks To Buy According To Analysts. In this article, we are going to take a look at where General Motors Company (NYSE:GM) stands against the other undervalued auto. Evolving Dynamics in the Auto Industry As reported by TipRanks, Morgan Stanley recently released a report, in […]
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Oil prices steadied in Asian trading as traders weighed developments in the Middle East conflict against continued bearish expectations for demand. Goldman Sachs still expects a peak upside of $10-$20 per barrel for Brent in the case of disruptions in Iranian production as the development of the conflict remains uncertain. The call options implied volatility skew jumped to mid-April levels last week, while Brent implied volatility surged above its model-implied fair value for the first time this year, Goldman said.
As the United Kingdom's FTSE 100 index faces headwinds from weak trade data out of China, reflecting challenges in global demand and commodity prices, investors are keenly observing how these macroeconomic factors influence market sentiment. Amidst these broader economic uncertainties, identifying promising small-cap stocks that are resilient to such global pressures becomes crucial for investors seeking potential growth opportunities.
We recently published a list of 10 Most Profitable Energy Stocks To Invest In. In this article, we are going to take a look at where Occidental Petroleum (NYSE:OXY) stands against the other most profitable energy stocks to invest in. Global Energy Demand Set to Soar The International Energy Agency (IEA) projects a significant increase […]
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