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International

Singapore's monetary policy remains steady as inflation declines
Singapore's central bank on Monday kept its monetary policy settings unchanged, as expected, in its first review of the year as inflation pressures continued to moderate and growth prospects improved. The Monetary Authority of Singapore (MAS) said it will maintain the prevailing rate of appreciation of its exchange rate-based policy band known as the Nominal Effective Exchange Rate. The width and the level at which the band is centred did not...
Investors believe Microsoft's stock market valuation will surpass that of Apple
Microsoft's early lead in artificial intelligence has the software heavyweight's stock market value poised to pull decisively ahead of Apple's over the next five years, 13 institutional investors unanimously agreed ahead of the tech titans' quarterly results this week. Microsoft's shares have surged 7% so far in 2024, recently sending its stock market value above $3 trillion and dethroning Apple, as the world's most valuable company. As of Fri...
China Evergrande is ordered to liquidate, owing $300 billion
A Hong Kong court on Monday ordered the liquidation of property company China Evergrande Group, a move likely to send ripples through China's crumbling financial markets as policymakers scramble to contain the deepening crisis. Evergrande, the world's most indebted developer with more than $300 billion of total liabilities, sent a struggling property sector into a tailspin when it defaulted on its debt in 2021. The decision was made by Hong K...
"Game changer": Gene treatment provides hope for deaf children
A gene therapy that has allowed several children born deaf to hear for the first time is being hailed as a "game changer" that raises hopes of the first new treatment for hereditary deafness in decades. Several medical teams around the world are trialling the procedure, which focuses on a rare genetic mutation that affects only a small number of the 26 million people with congenital deafness globally. But several success stories announced thi...
Pokemon will 'investigate' Palworld over imitation claims.
The Pokemon Company warned on Thursday it plans to investigate reports that the new hit video game "Palworld" violates the intellectual copyright of its iconic franchise. Widely described as "Pokemon with Guns" when it was released last week, the makers of "Palworld" said it sold more than eight million copies in less than six days. Released on the online Steam platform, "Palworld" blends weapon-wielding player avatars with monsters that look...
Foreign-born Miss Japan raises debate over what it means to be Japanese
The crowning of Ukrainian-born model Karolina Shiino as the winner of the Miss Japan contest this week has triggered a social media debate on what it means to be, and look, Japanese. The 26-year-old model, who was born in Ukraine and looks Caucasian, has lived in Japan for more than 20 years and is a naturalized citizen. Over the years, Japan has further opened its doors to foreigners as a way to reverse its declining birthrate, one of the lowes...
Japan estimates that the New Year's earthquake could cost $17 billion
The cost of the damage wreaked by a huge New Year's Day earthquake that killed at least 236 people in central Japan could reach $17.6 billion, a government official said Friday. The magnitude-7.5 earthquake and its aftershocks devastated parts of Ishikawa prefecture on the Sea of Japan coast, toppling buildings, ripping up roads and sparking a major fire. Damage in Ishikawa and two neighbouring regions is likely to cost between 1.1 trillion yen...
Japanese guy is sentenced to death in anime arson trial
A Japanese court on Thursday sentenced to death the perpetrator of a 2019 arson attack on an animation studio that killed 36 people, local media reported. The blaze that ripped through the studios of Kyoto Animation four-and-a-half years ago was Japan's deadliest crime in decades, stunning the anime industry and its fans around the world. Shinji Aoba, now 45, broke into the building, spread gasoline around the ground floor, lit it and shouted "...
Twelve held over central China fire that killed dozens: state media
At least 39 people died and nine were injured after a fire broke out at a store in the city of Xinyu Wednesday. President Xi Jinping called for "deep reflection" after the fire and greater efforts to "curb the frequent occurrence of safety accidents". Citing local authorities, state news agency Xinhua reported that the cause of the blaze had been the "illegal" use of fire by workers in the store's basement. "Heavy smoke soon engulfed the first...
Alaska Airlines discovers numerous weak bolts on its Boeings, while United doubts orders.
Boeing came under renewed pressure Tuesday as the head of Alaska Airlines said inspections carried out after a dangerous incident had found many loose bolts on its 737 MAX 9 aircraft. The Federal Aviation Administration grounded 171 Boeing 737 MAX 9 aircraft following the incident on January 5th, when a panel blew off the Alaska Airlines plane mid-flight, leaving a hole in the fuselage and forcing an emergency landing. The company's chief execu...
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