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Bank of England plans staffing cuts because of budget pressures
[LONDON] The Bank of England is planning to reduce head count as its finances become strained by the cost of the modernisations recommended by Ben Bernanke.The UK central bank...
Chinese court orders Malaysia Airlines to pay US$3.3m in compensation over missing MH370 plane
[BEIJING] A Beijing court has ordered Malaysia Airlines to pay some families of missing passengers onboard flight MH370 a total of US$3.28 million or more than US$410,240 per case...
Singapore Airshow to mark 10th edition with first-ever space summit
A key topic to be discussed, the space economy, is projected to hit US$1.8 trillion in value by 2035[SINGAPORE] The inaugural Space Summit at the 10th edition of the...
China’s rare earth exports jump in November after Xi-Trump meeting
Exports in November jumped for a second consecutive month, by 26.5% from October to 5,493.9 metric tons[BEIJING] China’s rare earth exports jumped in November, the first full month since...
Courts, Prism+ rapped by consumer watchdog for misleading website features
The watchdog urges consumers to review their shopping carts, verify payment amounts and question urgency claims[SINGAPORE] The Competition and Consumer Commission of Singapore (CCCS) said it has taken action...
Crypto exchange Binance gains regulatory win in Abu Dhabi
[ABU DHABI] Binance Holdings has won three separate licenses from Abu Dhabi’s financial regulator, giving the crypto exchange giant one of its most comprehensive regulatory footholds yet.The approvals, issued...
Shell resumes Indonesian sales after restrictions curbed supply
[SINGAPORE] Shell has resumed petrol sales at its retail stations in Indonesia after import restrictions curbed supply and left its outlets temporarily dry.Petrol will be gradually available again starting...
This newly listed stock soared 500% in 3 months – what’s its rocket fuel?
[SINGAPORE] Shares of semiconductor optics company Metaoptics dived as much as 18 per cent on Monday (Dec 8) morning. The counter opened at S$1.26 on Monday, before falling to...
Too big to fail? IndiGo crisis exposes risks in Indian aviation
With US$9 billion in revenues and US$807 million in profits last fiscal year, the airline dominates India’s aviation sector[NEW DELHI] A wave of flight cancellations by IndiGo, India’s largest...
Robinhood to enter Indonesia with brokerage, crypto trader acquisition
The country has more than 19 million capital market investors and 17 million cryptocurrency traders[BENGALURU] Robinhood Markets will acquire Indonesian brokerage firm Buana Capital Sekuritas and licensed digital asset...
