Posts by Kim Browne
Trump’s Fury at Harvard Gets More Deranged—and Exposes a Big MAGA Scam
That’s because the “big, beautiful bill” that House Republicans passed last week—which Trump has urged Senate Republicans to adopt—could make attending college harder for countless such kids. For a detailed summary of its changes, see this piece by The New Republic’s Monica Potts: They would make it harder for full-time students to qualify for Pell…
Read MoreThe Laws Propping Up Trump’s Masked Deportation Army
Under the law, ICE, CBP, and other immigration agents are generally empowered to warrantlessly question people about their right to remain in the United States and to arrest those who they have “reason to believe” are in violation of immigration laws, in cases where they believe the person is likely to escape before a warrant…
Read MoreExxon enters talks to sell French business for 400 million euros
[LONDON] ExxonMobil entered exclusive talks to sell its entire 82.89 per cent stake in French unit Esso SAF, including a key refinery, to North Atlantic France SAS for about 400 million euros (S$584.2 million). If completed, the deal would significantly diminish Exxon’s presence in France, after the company announced last year that it would shut…
Read MoreNissan offers buyouts to US workers, halts global pay rises, internal emails show
[TOKYO] Japan’s Nissan has started offering buyouts to US workers and has suspended merit-based wage increases worldwide, internal emails reviewed by Reuters showed, as the automaker expands cost cuts amid weak performance in key markets. CEO Ivan Espinosa announced a new round of cost cuts this month that include closing seven production sites globally and…
Read MoreNissan offers buyouts to US workers, halts global pay rises, internal e-mails show
[TOKYO] Japan’s Nissan has started offering buyouts to US workers and has suspended merit-based wage increases worldwide, internal e-mails reviewed by Reuters showed, as the automaker expands cost cuts amid weak performance in key markets. CEO Ivan Espinosa announced a new round of cost cuts this month that include closing seven production sites globally and…
Read MoreShein working towards Hong Kong listing after London IPO stalls
[HONG KONG] Shein is working towards a listing in Hong Kong after the online fast-fashion retailer’s proposed initial public offering (IPO) in London failed to secure the green light from Chinese regulators, said three sources with knowledge of the matter. The China-founded company aims to file a draft prospectus with Hong Kong’s stock exchange in…
Read MoreChina’s answer to World Bank plans to open Singapore, HK offices
[BEIJING] The Asian Infrastructure Investment Bank is looking to open new offices in Hong Kong and Singapore, according to people familiar with the matter, in a plan that would mark its biggest expansion since beginning operations in Beijing almost a decade ago. The multilateral lender, which had more than US$57 billion in assets at the…
Read MoreChina’s answer to World Bank could open Singapore, HK offices: sources
[BEIJING] The Asian Infrastructure Investment Bank is looking to open new offices in Hong Kong and Singapore, according to people familiar with the matter, in a plan that would mark its biggest expansion since beginning operations in Beijing almost a decade ago. The multilateral lender, which had more than US$57 billion in assets at the…
Read MoreSunMoon sinks to S$1.5 million loss in FY2025 despite higher revenue
[SINGAPORE] Fruit distributor SunMoon Food Company has sunk into the red with a net loss of S$1.5 million for the full year ended March, compared with a net profit of S$28,000 the previous year. This was mainly due to a combination of factors, including a lower gross margin from the clearance of slow-moving inventories that…
Read MoreAsia: Stocks track Wall Street rally as trade fears ease, eyes on Japan debt
[HONG KONG] Asian equities rose on Wednesday following a Wall Street rally as traders cheered forecast-beating US consumer confidence data and a drop in bond yields, with eyes now on a key sale of Japanese debt. New York investors returned to their desks after a long weekend break in a good mood after Donald Trump…
Read MoreStarship megarocket blows up over Indian Ocean in latest bumpy test
[SOUTH PADRE ISLAND, United States] SpaceX’s prototype Starship exploded over the Indian Ocean on Tuesday, capping another bumpy test flight for the rocket central to billionaire Elon Musk’s dream of colonising Mars. The biggest and most powerful launch vehicle ever built lifted off around 6.36 pm (2336 GMT) from the company’s Starbase facility, near a…
Read MoreUS warns Pirelli risks restrictions due to Chinese investor
[MILAN] The US government warned Italy’s Pirelli & C that vehicles containing its advanced sensors technology could be restricted from sale in America due to concerns over the influence of the tiremaker’s Chinese investor. The informal advisory, outlined in a letter dated Apr 25 by the Commerce Department’s Bureau of Industry and Security – known…
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