Posts by Kim Browne
Elon Musk Yanks SpaceX Program After Trump Threatens to Cut Contracts
“Chinese President Xi Jinping on Thursday held phone talks with U.S. President Donald Trump at the latter’s request,” China’s U.S. Embassy posted from its X account on Thursday. The “at the latter’s request” is certainly intentional. Since “Liberation Day,” Trump has insisted that he has the leverage, that countries far and wide will be lining…
Read MoreElon Musk Hits Trump With Nuclear Allegation About Jeffrey Epstein
The Supreme Court made it easier Thursday to file lawsuits over “reverse discrimination.” The nation’s highest judiciary sided with an Ohio woman who claimed that she had been passed over for a job and was subsequently demoted because she was straight. Marlean Ames, a 20-year employee at the Ohio Department of Youth Services, claimed that…
Read MoreTrump Says Germany Being Liberated From Nazis Was “Not a Great Day”
The Supreme Court made it easier Thursday to file lawsuits over “reverse discrimination.” The nation’s highest judiciary sided with an Ohio woman who claimed that she had been passed over for a job and was subsequently demoted because she was straight. Marlean Ames, a 20-year employee at the Ohio Department of Youth Services, claimed that…
Read MoreGreat Eastern plans to delist through higher OCBC-backed bid: Bloomberg
The offer is expected to be fair and reasonable in accordance with Singapore’s listing guidelines [SINGAPORE] Great Eastern is considering options that include a plan to delist via an offer by OCBC, which will be higher than its original offer in May last year, Bloomberg reported on Thursday (Jun 5). The offer from OCBC for…
Read MoreMissouri’s Historic Abortion Victory Is Crumbling Before Our Eyes
Just a few months ago, Missouri voters approved a ballot measure to protect abortion rights. That measure, known as Amendment 3, added a “reproductive freedom” amendment to the state constitution. It was crafted to offer stronger legal protections for abortion than existed under Roe v. Wade, according to campaigners, and to end the state’s near-total…
Read MoreAcrophyte Hospitality Trust proposes disposal of Michigan hotel for US$6.7 million
[SINGAPORE] Acrophyte Hospitality Trust has proposed the disposal of a hotel in the US city of Auburn Hills in Michigan for a consideration of around US$6.7 million, said managers of the stapled group on Thursday (Jun 5). Through its indirect wholly owned subsidiary ARA USH Chicago, the stapled group on Wednesday entered into a conditional…
Read MoreChina warns BYD, rivals to self-regulate as price war heats up
[BEIJING] Chinese officials summoned the heads of major electric vehicle makers, including BYD, to Beijing earlier this week to address concerns about the long-running price war, according to people familiar with the matter. The meeting was hosted by the Ministry of Industry and Information Technology, the market regulator and the top economic planning agency,…
Read MoreStatista, TIA to award Singapore’s Top Fintech Companies for 2026
FOR the first time, Tech in Asia and global market research firm Statista will recognise Singapore’s top fintech companies. The list will include firms across these sectors: Payments Neobanking Alternate finance Wealth tech Financial planning Digital assets Enterprise fintech Insurtech This new award is an offshoot of Statista’s list of the world’s top fintech companies,…
Read MoreShip carrying EVs abandoned in Pacific after catching fire
[LONDON] A ship carrying about 3,000 cars to Mexico was abandoned in the middle of the Pacific Ocean after catching fire on Tuesday (Jun 3), highlighting a growing risk to the transportation of electric vehicles (EVs). The fire aboard the Morning Midas occurred approximately 300 miles south of Adak Island in Alaska, according to the…
Read MoreVingroup seeks private loan to buy KKR’s stake in Vinschool
Published Thu, Jun 5, 2025 · 12:17 PM [SINGAPORE] Vietnamese conglomerate Vingroup is seeking a around US$300 million private credit loan to purchase KKR’s stake of about 38 per cent in its education subsidiary Vinschool, according to sources familiar with the matter. UBS is approaching private credit funds to garner interest for the proposed loan,…
Read MoreAsia: Most markets rise as US data feeds rate-cut hopes
[HONG KONG] Asian shares mostly rose on Thursday after soft US economic data boosted expectations the Federal Reserve will soon cut interest rates and put the focus on key jobs figures coming at the end of the week. Investors were also keeping track of developments in Donald Trump’s trade war and signs of movement on…
Read MoreGold edges higher as soft US data lifts safe-haven demand
Published Thu, Jun 5, 2025 · 09:24 AM [BENGALURU] Gold prices nudged higher on Thursday (Jun 5), as weaker-than-expected US economic data spurred demand for safe-haven assets, while market participants also assessed persistent global economic and political uncertainties. Spot gold was up 0.1 per cent at US$3,377.79 an ounce, as at 0007 GMT. US gold…
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