Singapore must prepare for economic and geopolitical headwinds, says Lawrence Wong
Escalating conflict in the Russia-Ukraine war and the slowing global economy are downside risks that Singapore must be prepared for, says Lawrence Wong.
Heineken sees 2023 profit increase despite Europe weakness
The world’s second-largest brewer also reported a higher-than-expected 2022 profit as beer drinking returned to pre-pandemic levels.
ASML says ex-China employee misappropriated data relating to its critical chip technology
The security incident comes at a sensitive time for ASML which has been caught in the middle of the battle for tech supremacy between the U.S. and China
BlackRock downgrades Japan stocks on possible monetary policy shift
BlackRock, the world’s largest asset manager, cut Japanese stocks to “underweight” – as Japan is set to appoint a new governor to lead its central bank.
Barclays posts 19% slide in annual net profit after costly U.S. trading blunder; shares sink
Barclays on Wednesday reported a full-year net profit of £5 billion ($6.05 billion) for 2022, beating consensus expectations of £4.95 billion.
Elon Musk aiming to appoint his successor as Twitter CEO by the end of 2023
Elon Musk said Wednesday that he might be able to appoint his successor as Twitter CEO by the end of 2023.
Indian tycoon Gautam Adani dismisses market volatility as ‘temporary’
Indian billionaire Gautam Adani downplayed the recent market volatility “as temporary” following a scathing report from a U.S. short-seller firm.
UK inflation rate dips for third straight month to hit 10.1%
UK inflation dropped for the third month in a row but energy and food prices continue to put pressure on British households.
Russia’s budget deficit has surged. But economists say Moscow won’t drain its war chest any time soon
Russia’s budget deficit hit a record 1.8 trillion rubles ($24.4 million) in January, with spending growing by 58% from the previous year while revenues fell by more than a third.
India, soon world’s most populous nation, doesn’t know how many people it has
India’s once in a decade census, due in 2021 and delayed due to the pandemic, has now got bogged down by technical and logistical hurdles.
