Airbus revises up 20-year jet demand forecast despite trade tensions

Airbus revises up 20-year jet demand forecast despite trade tensions

[PARIS] Airbus revised up its forecast for airplane demand over the next 20 years on Thursday, telling investors and suppliers the air transport industry was expected to ride out the current wave of trade tensions. The European planemaker said it expected the industry it and its US rival Boeing dominate to deliver 43,420 commercial jets between 2025…

Read More

Fired ABC News reporter Terry Moran finds new job — day after boot from company over Stephen Miller tirade

Fired ABC News reporter Terry Moran finds new job — day after boot from company over Stephen Miller tirade

Former ABC News veteran correspondent Terry Moran has launched his independent journalism career. The 65-year-old journalist resurfaced his Substack account and vowed he would get back to the “important work,” he said Wednesday, a day after he was booted from the Disney-owned network. Moran was dismissed Tuesday for violating the company’s policies with a viral…

Read More

Asia: Shares stumble after Trump’s latest trade threat

Asia: Shares stumble after Trump’s latest trade threat

[HONG KONG] Asian shares were rattled on Thursday after Donald Trump said he would impose unilateral tariffs on partners in the next two weeks, reigniting trade war fears soon after reaching a deal with China to dial down tensions between the superpowers. The mood was also shaded by geopolitical concerns after the US president said…

Read More

Apac data centre boom straining power grids; reliability key to site selection: report 

Apac data centre boom straining power grids; reliability key to site selection: report 

[SINGAPORE] Surging demand in the Asia-Pacific (Apac) for data centres and other energy-intensive sectors is starting to weigh on power systems across the region, affecting grid reliability and increasing costs. Reliable electricity supply is now a key factor in decisions on where to site and build facilities for data centres, semiconductor and electrical vehicle battery…

Read More

Apac’s data centre boom threatens to strain power grids, reliability at risk: report 

Apac data centre boom straining power grids; reliability key to site selection: report 

[SINGAPORE] Asia Pacific’s (Apac) soaring demand for data centres and other energy-intensive sectors is starting to weigh on power systems across the region, affecting grid reliability and increasing costs for some. According to a report released on Thursday (Jun 11) by construction consultancy Linesight, the demand for reliable electricity has become a critical challenge…

Read More

Meta taps top researchers from Google, Sesame for new AI lab

Meta taps top researchers from Google, Sesame for new AI lab

META Platforms has poached top engineers from multiple tech firms, including Alphabet Inc.’s Google, for a new team focused on achieving a more advanced form of AI called artificial general intelligence. Jack Rae, a principal researcher at Google DeepMind, is expected to join Meta’s “superintelligence” team, according to multiple people familiar with the matter, who…

Read More

CapitaLand China Trust to divest retail property for 748 million yuan

CapitaLand China Trust to divest retail property for 748 million yuan

[SINGAPORE] CapitaLand China Trust (CLCT), a CapitaLand Investment subsidiary, is set to raise up to 748 million yuan (S$134.9 million) through the divestment of CapitaMall Yuhuating, a mature retail asset in Changsha. This is part of its participation in the proposed listing of CapitaLand Commercial C-Reit (CLCR) on the Shanghai Stock Exchange. CLCT will dispose…

Read More

Gold prices climb as Middle East tensions rise, US inflation eases

Gold prices climb as Middle East tensions rise, US inflation eases

GOLD prices rose on Thursday, as rising Middle East tensions boosted demand for safe-haven assets, while softer-than-expected US inflation data raised expectations of potential interest rate cuts by the Federal Reserve. Spot gold was up 0.3 per cent at US$3,364.10 an ounce, as of 0017 GMT. US gold futures gained 1.2 per cent to US$3,384.40.…

Read More

‘Jew hater’ Columbia protester pleads guilty to 3 hate crime assaults yet issues apology to Palestinian community

‘Jew hater’ Columbia protester pleads guilty to 3 hate crime assaults yet issues apology to Palestinian community

The self-described “Jew hater” Columbia agitator who has alleged ties to a Hamas cell pleaded guilty to a string of hate crimes targeting Jewish people, yet only asked for forgiveness from the Palestinian community. Tarek Bazrouk, 20, admitted to violently assaulting three Jewish people between April 2024 and January 2025 at several Manhattan protests of…

Read More