Aerial view of a tanker. Bugto | Moment | Getty Images The Iran-backed Houthi militant group on Sunday damaged a ship offshore Yemen, prompting its crew to abandon the vessel in the latest escalation of maritime tensions that have disrupted key trade routes in the Red Sea. The U.K. Maritime […]
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Magnificent 7 profits now exceed almost every country in the world. Should we be worried?
A picture shows logos of the main communication brand also named GAFAM (for Google, Apple, Facebook, Amazon and Microsoft)in Mulhouse, on June 2, 2023. Sebastien Bozon | AFP | Getty Images The so-called “Magnificent 7” now wields greater financial might than almost every other major country in the world, according […]
Nintendo shares fall nearly 6% after report that the Switch 2 will be delayed until 2025
A statue of Nintendo’s video game character Mario stands on display at the Nintendo Game Front showroom in Tokyo, Japan. Kiyoshi Ota | Bloomberg | Getty Images Shares of Nintendo fell on Monday after a report suggested the launch of the Switch 2, the next version of its flagship gaming […]
Singapore’s AI ambitions get a boost with $740 million investment plan
The Singapore River and Merlion Park in the evening Photography By Bobi | Moment Open | Getty Images SINGAPORE — Singapore’s plan to invest more than $743 million into artificial intelligence over the next five years could strengthen its position as a global business and innovation hub, tech executives said. […]
Deep-sea mining ‘seems to be inevitable,’ UN regulator says, as fight for critical minerals heats up
Activists at a “Look Down action” rally to stop deep sea mining, outside the European Parliament in Brussels on March 6, 2023. Kenzo Tribouillard | Afp | Getty Images It’s likely only a matter of time before scraping the ocean floor for valuable metals becomes a reality, according to the […]
Russia’s war in Ukraine is igniting an old debate in Brussels over debt
French President Emmanuel Macron welcomes Ukraine’s President Volodymyr Zelenskyy and German Chancellor Olaf Scholz for a meeting at the Elysee Palace in Paris, France, February 8, 2023. Sarah Meyssonnier | Reuters Munich, GERMANY — Should we borrow from global markets as one combined entity and raise new debt together? That’s […]
EU reportedly set to fine Apple 500 million euros amid antitrust crackdown
A. Perez Meca | Europa Press | Getty Images The European Commission is set to fine Apple about 500 million euros ($539 million) over alleged breaches of EU competition law, the Financial Times reported on Sunday, citing unnamed sources with knowledge of the matter. Brussels first launched an investigation into […]
Singapore outbound flights to cost more from 2026 over green fuel requirements
Travellers look at the flight departure schedule on the screen at Singapore Changi airport on December 7, 2022. Roslan Rahman | Afp | Getty Images Flights departing from Singapore will cost more from 2026 as the country pushes ahead with its aviation industry decarbonization goals. All outbound planes will use […]
With no Boeing passenger jets at the Singapore Airshow, Airbus and China take centerstage
An aerial photo shows Boeing 737 MAX airplanes parked on the tarmac at the Boeing Factory in Renton, Washington, U.S. March 21, 2019. Lindsey Wasson | Reuters SINGAPORE — Boeing will not be bringing any commercial planes to the Singapore Airshow, shifting the spotlight for passenger jets to rival Airbus […]
China Lunar New Year travel spending surpasses pre-Covid levels — is consumption revival in sight?
Visitors near Yuyuan Bazaar in Shanghai, China, on Sunday, Feb. 11, 2024. Raul Ariano | Bloomberg | Getty Images China’s travel activity and spending jumped above pre-pandemic levels during the Lunar New year holiday, in a sign that consumption was improving in the world’s second-largest economy. Some 474 million domestic […]