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World’s richest 10% caused two thirds of global warming: study
[PARIS] The world’s wealthiest 10 per cent of individuals are responsible for two thirds of global warming since 1990, researchers said on Tuesday.How the rich consume and invest has...
EU considers tariffs on Boeing jets
Published Wed, May 7, 2025 · 07:05 PM[FRANKFURT] The European Union intends to propose tariffs on Boeing jets, as it prepares to retaliate further if trade talks with Washington...
Low-cost carriers hit hardest by US travel demand slump
[CHICAGO] A slump in travel demand due to President Donald Trump’s trade war has left all US airlines reeling, but the pain is most acute at budget carriers.
Southwest, Frontier...
Potential solar boom in South-east Asia an opportunity to invest in storage systems
[SINGAPORE] In the face of punishing solar tariffs from the US, South-east Asia has a silver lining: a glut in the supply of photovoltaic panels could make solar projects...
UOB halts earnings guidance amid macro uncertainties, but remains ‘committed’ to S$3 billion capital return plan
[SINGAPORE] Singapore’s third-largest lender UOB will suspend its 2025 earnings guidance, with plans to resume this once the macroeconomic situation stemming from US tariffs stabilises.At the same time, the...
Ex-Pavilion Energy chief Alan Heng to lead Singapore’s new central gas entity
[SINGAPORE] Singapore has established a new government-owned entity to centralise natural gas procurement, and appointed Alan Heng, who previously led gas trader Pavilion Energy, as its chief executive.The formation...
Push to allow Norway’s wealth fund to invest in defence companies falters
[OSLO] Opposition efforts to allow Norway’s US$1.8 trillion wealth fund, the world’s largest, to invest in large defence companies appear to be faltering, according to lawmakers involved in the...
Latest Singapore six-month T-bill cut-off yield falls to 2.3%
[SINGAPORE] The cut-off yield for Singapore’s latest six-month Treasury bill (T-bill) fell to 2.3 per cent, according to auction results released by the Monetary Authority of Singapore on Wednesday...
Hong Kong dollar interest rate falls most since 2008 after intervention
[NEW YORK] The Hong Kong dollar’s funding costs plunged the most since 2008, as the monetary authority’s intervention to defend the currency peg helped boost liquidity in the financial...
Asian airlines re-route, cancel flights due to India-Pakistan fighting
Published Wed, May 7, 2025 · 12:11 PM[TAIPEI] Several Asian airlines said on Wednesday they were re-routing or cancelling flights to and from Europe because of fighting between India...
